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Did third party grading coincide with collections being "kept in the vault?"
Coinstartled
Posts: 10,135 ✭✭✭✭✭
TPG took the coins out of the Dansco's and into...well slabs.
Was that when the more serious collector began to lock up his coins? I mean not just the premier ones, but most all of value?
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No. Slabs actually made it more difficult to keep a collection in a safe deposit box because they take up much more room.
Coins were valuable many years before slabbing - they were already in the safe deposit box.
Slabbing with baseball cards took that hobby into the price stratosphere with a number of cards, which took those to the safe deposit box.
If you need more room, just get yourself a bigger box, or multiple boxes - now that's a good problem to have isn't it?
I would think the ever rising crime rate (especially burglary of a residence) has something to with safe storage of valuables.
"Keep your malarkey filter in good operating order" -Walter Breen
My coins never went to an SDB... I did acquire a massive safe though
and this way I have security (many layers, not just the safe) and I enjoy my coins at home. As to slabs being a contributor to the need for security...perhaps a bit. Along with the TPG's came an increased awareness of value and the vast resource of the internet. Sales and liquidity became a focus not just confined to the brick and mortar dealers. So, I would say the security factor is also part of the evolution of the hobby... which has occurred at an incredible pace over the last 30 years. Cheers, RickO
No... It has been about condition rarity and the need to recognize superior coins to those that are just mediocre
Experience the World through Numismatics...it's more than you can imagine.
Slabs and Dancso don't agree. The one thing I really dislike is how encapsulation broke up the view of a set by taking coins out of the album.
Where the coin used to be, I put a paper insert with grade and TPG.
Pete
TPGs were grading coins long before slabs came along. What the collectors did with them after we returned them I could not say.