How do you feel about buying slabbed low-end-of-grade coins?

291fifth · January 6, 2016 10:26PM

Let's assume that you agree that the coin makes the grade on the holder, but just barely. Are they something you even want? Are they just a future problem when it comes time to sell? Are they coins you would only buy if you can get them for the price of the next lowest grade?

DollarAfterDollar · January 6, 2016 11:40PM

Coins graded MS 61, MS 62 are generally only valued by just about everybody, as MS 60 coins because there's no guidance on how much extra they are actually worth.

As far as buying/owning...........I'm of the opinion that there's a collector for every coin and at every level. In fact, there are a lot of people assembling collections in AU 58 because they simply can't afford to collect higher. Stands to reason that MS 61's and MS 62's will be saleable provided the asking price is reasonable.

TwoSides2aCoin · January 6, 2016 11:45PM

Crack 'em out and put them where they belonged all along: in the album

Boosibri · January 6, 2016 11:48PM

Low end for one grade is high end of another grade. sometimes that math works out as a net win overall.

Consider a weak AU55 with nice original surfaces and the only problem is the holder. Now put it in a PCGS AU50 CAC and it is a stud and worth a nice premium.

WildIdea · January 7, 2016 12:22AM

This is how I see a +. Like a 64 + is supposed to make me think it's stronger or better! but I just see a problem 65, etc. or a coin that's not quite All There.

rhedden · January 7, 2016 1:03AM

There is no problem with a 64+ coin in a 65 holder whatsoever.... as long as you bought it for 64+ money. If something like that bothers you, consider that you might have a bit of OCD.

pocketpiececommems · January 7, 2016 1:06AM

I have no problem buying low end of grade coommems especially PO01's

coindeuce · January 7, 2016 1:28AM

I didn't have any reservations about buying a PCGS Fair 2 1873-CC W/Arrows quarter. Would you ?

ricko · January 7, 2016 1:35AM

Splitting hairs on grades is a dealers game.... for collectors, buy what you like and enjoy

the coin....Cheers, RickO

Zoins · January 7, 2016 1:46AM

It depends on whether the coin is a fungible widget or not. If it is, the grade matters more. If not, then the exact grade matters less.

Walkerfan · January 7, 2016 2:13AM

I have no interest in them at all.

I like coins that are solid or high end for the grade.

TommyType · January 7, 2016 2:32AM

Why are we not talking PRICE as well when we talk about GRADE and QUALITY?

If you want to sell me a low end MS-65 for a high end price, then no, I'm not interested.

If you want to sell me a low end MS-65 for a price between MS-64 and MS-65 price guide, then sure! Assuming there is something I like about the coin, why not?

Why would we assume that a high end MS-64 is somehow better than a low end MS-65, (as is implied by the question)?

(This all assumes that we all agree on grade and quality....which we know won't be true).

BryceM · January 7, 2016 3:05AM

Depends on the coin, but there's a lot more to a coin's desirability, liquidity, and value than the assigned grade. The grade is just a starting point.

rhedden · January 7, 2016 3:11AM

I guess the trouble with these coins is that there are very, very few dealers who want to sell a coin in a 65 holder for 64 money. Most of us are picturing a low-end coin that did not cost low-end money. If you can get a coin in a 65 holder for 64 money, and the 65 on the label is that much of a psychological issue to you, then bust it out and have it re-graded. I'm sure you'll get what you want 9 times out of 10!

AMRC · January 7, 2016 3:16AM

Originally posted by: TwoSides2aCoin

Crack 'em out and put them where they belonged all along: in the album

Assume you mean if it is a widget. There a lot of better date/mm coins out there in these marginal or "tween" grades that this would be inappropriate to do.

291fifth · January 7, 2016 4:08AM

Many of the coins of this kind have probably been submitted to the TPGs many times before finally achieving "their grade". The real question will be "Is it your grade?"

johnny9434 · January 7, 2016 5:12AM

if i like the coin then theres not much of a problem.

TopographicOceans · January 7, 2016 6:10AM

It depends on the coin and the grade.
I'd pass on a 2014 SHQ graded XF, but not on an XF $5 eagle.

Cougar1978 · January 7, 2016 7:52AM

If I don't agree with the grade on the holder or find it attractive I don't buy the coin. One fellows B coin may be another guys C coin. The other thing is it a coin I can sell at my price.

tradedollarnut · January 7, 2016 8:53AM

I buy them if they are the finest available and the price is equivalent to the actual quality. Usually downgrade them. For instance:

I bought the NGC65 1859-S seated dollar. If it was a 65, it just barely made it kicking and screaming the whole way through the grading process. But it's the finest known by two grades.

Looks great in the PCGS64+ holder. Paid strong for that grade but you usually do for the finest.