Are there many raw coins left?

CoinBuyer12

Of course as far as "junk silver" goes, I'm sure there are many raw coins still out there. Same for modern coins.

But...a lot of the coins I see, say 1900 and before, in raw, are problem coins.

With NGC and PCGS having graded over 50 million coins between the two, are raw coins that will grade hard to find now?

LanceNewmanOCC

<< <i>are raw coins that will grade hard to find now? >>


not a chance. if pcgs had a under $100 tier for lower valued coins and a fee to reflect the value, i could send in tens of thousands, perhaps hundreds of thousands in my career.
.

NewEnglandRarities

There probably are not a ton of problem free raw federal coins on the active market left out there (minus museums and old collections) but there certainly are some very nice, problem free raw colonials and tokens on the market. A lot of collectors in these areas actually can prefer their coins raw as it gives them the feeling of holding history in their hands.

stealer

I would say fewer in some series than in others, especially if in circulated grades, some series the coins are worth approximately the same graded or ungraded.

morgansforever

Plenty of raw problem free coins out there. I know for a fact these 3 are raw and problem free IMO.

MikeInFL

<< <i> I know for a fact these 3 are raw and problem free IMO. >>








I know I like your three coins. That 80-s is sharp!

As for the OP's question. I tihnk there are still many, many coins left to be graded. Old copper, for example, is one area where there are probably more raw than slabbed examples even some of the finest coins. Moderns are another example where there is still room to grow. I also think that a lot of coins were put away prior to TPGs and these fresh coins haven't come to the market yet. It is true the low hanging fruit has been picked, but my sense is there are still plenty of raw coins yet to be slabbed.

LogPotato

No way, there are plenty of nice coins out there raw. I see some great 19th century coins free as a bird every time I go to a coin show. Even the 15 dealer ones at the fire houses.

Walkerguy21D

I would say that, in general, a great percentage of VALUABLE pre-1900 coins are slabbed. Of course some are not, or were and have since been cracked out by the owners. But there are many nice raw coins still around, especially those that are less expensive, and don't benefit as readily from being slabbed.
16/19 coins I sold at FUN last week were raw, pre-1900 coins, that knowledgeable dealers paid what I felt was strong money for them. Of course, many of them may be getting submitted now, to obtain more value and/or marketability for the new owners.
To add, 8/9 coins I purchased at the show were also raw.....as most of these were large cents, this probably isn't too surprising. And I think all but one of them would slab cleanly if submitted.

IrishMikey

I agree with the above comments. There are millions and millions of problem-free "raw" coins to be had. Even
coin types you might assume were thoroughly picked over, such as 1790's gold and silver coins, 19th century
Proof type, and high end 20th century gold coins exist in large quantities. They can be found in older collections
and hoards, bank vaults, and buried in the ground.

The "under $100" category for U.S. coins is mostly raw, and the "under $50" category is probably 99% raw.

Just to put the 50 million coins graded by PCGS and NGC into perspective, that is the approximate mintage of a
single coin, the 1922 Peace dollar. Granted, many silver dollars have been melted, but you get the idea.

IrishMikey

P.S. Love that 1880-S Morgan dollar!

morgansforever

Just think of all those collections passed down sitting in attics across this great land.
Right now there is a gorgeous 1798 DB dollar in AU58 condition, that has never seen a slab, somewhere

keets

if you suspect that raw, problem free coins are few to be found you should try collecting something like SC$'s. some listings I'm looking for I have never seen.................yet.

daOnlyBG

There are definitely a lot of raw coins left- in really nice condition, too, after spending years tucked away in attics of non-numismatists. However, the "We Buy Gold" companies work to buy them quickly, at a huge discount, before anyone else does.

Jinx86

Im by no means a high end collector. Ive been doing a barber dime set xf-au, trying not to buy slabbed pieces as the prices have been much higher. Ive been playing it safe with my raw purchases by getting a trusted 2nd opinion in most cases. 90% of what Ive sent PCGS in barber dimes has made my grade or better. So yes there are plenty of raw worthwhile coins out there, some dealers I speak with just dont have the time or want to invest the money in a coin that should sell at its assigned grade.

sniocsu

There are plenty of raw coins left out there. The exception being 18th century and early 19th Century federal issues (coppers are an exception to some extent but I am seeing more and more of them holdered now). I have a much harder time finding these early silver issues out of holders.
I believe there is still a good amount of lower denomination seated (h/d/q/hd) and barber material that has never met a slab for reasons already mentioned here (low dollar coins, etc.). However, I have noticed that there is a lot less fresh material coming on to the market - at least locally.

SeattleSlammer

At least a billion of 'em.

mozin

Forget about buying nice raw early 19th century coins raw, if they are any good, they will be encapsulated.

DeliaBug

I'd venture a guess that there are quite a few, and very very pricey, large cents out there in the raw. Those guys don't like plastic.

291fifth

There are plenty of raw coins left, especially in the case of lower value pieces. The costs related to slabbing, including high shipping charges, will keep many of them raw for many years to come.

rec78

There are plenty of old time collectors like me--with coins bought before encapsulation became common that bought most of their collections and put them in safe-deposit boxes in banks 30 or more years ago. While there are plenty of nice coins that are not yet incapsulated; this may not be the case in 20-30 years. l Think that there are many old-time estates awaiting to be dispersed. 90% of my collection in not grade caches yet. Some will be in the future when I decide to sell them if I decide that encapsulating them is necessary to get a higher price. Some collectors de-capsulate coins and put them in albums.

Bob

s4ny

Love that Lincoln!

oreville

Gsaguy's old hoard of unopened GSA silver dollars has been protected and was added to oreville's hoard.

These will remain raw, yet encapsulated by the United States Government (GSA) in the 1970's to as late as 1980.

This will assure visitors to this thread that there are plenty of raw coins left.

s4ny

On Ebay there is a seller of coins from a very large estate. All raw. Maybe 4000 have
been sold already. Over 4000 feedbacks as a seller in the last 12 months. Overgraded, yes, but
enormous number of coins and he is not finished yet.

All auctions start at 99c. No "buy it now" no reserve prices. 500+ raw coins up for auction now.

10hans5961

s4ny

Easiest way to find him is search three cent silver. (not 3, but three)