Why we slab $6 coins... Show me yours
yspsales
Posts: 2,526 ✭✭✭✭✭
A recent discussion made me think of this thread.
Mostly for my enjoyment and OCD, but feel many need to be preserved for future numistmatists...
Bought an entire album of these and finally got around to slabbing a few... avg cost $4 per coin
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I've wondered about this myself. There were times I've waited 2 months or more for submissions to return of legitimate collector coins. While waiting I'll look at "Shared Submissions" and see bulk orders of really worthless modern coins (that should all be MS 69 or MS 70 just based upon current Mint practices) taking up time to grade. What a waste of time and money.
At least the coin you've posted has some actual collector interest and value potential.
I didn't slab this one but someone did. I ended up setting it free from the slab and using it for my album.
I don’t.
Maybe for lowball sets.
I paid $2.00 for it.
Wayne
Kennedys are my quest...
Those bulk submissions slow things down...and help bring the cost down for everyone else.
I won't slab $100 coin unless it has a chance to be a $150 coin. There are plenty of ways to safely archive coins for less than $35
why do people pay for starbucks coffee instead of making it at home?
why do people pay for brand new cars instead of buying certified used?
there are tons of reasons people do things that have nothing to do with economics.
i have a lot of 'cheap' modern coins slabbed because the grading cost is irrelevant to me, but the satisfaction i get from my type set being in uniform holders matters to me. isnt OCD wonderful.
Really hate that I sold this coin... another $4 dime from the album.
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@yspsales the coins you have posted are not $6 coins and have nothing in common with what was discussed in that other thread. These may have only cost you $6 or less, however I'm very sure that you were able to recover your grading fees + when you sold any. That is far different than slabbing a coin that is worth less than the costs to slab.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
This is more like what I am referring too...
1961 deep red proof. One of my favorite cents... mesmerizes me
TV does not help the coin IMHO
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Good points in your questioning as to
"why?" A famous saying comes to mind.
"To each his/her own". As to your first question. I do BOTH. Lol.
One of my "Have it graded regardless of the value" coins.
$6
1968s PF 64 BN
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.This coin may have been in a H. E. Harris & Co. coin holder. I bought one of these for my silver proof state quarters and the coins have toned in vivid colors.
@yspsales that's a terrific 54-D! I bought some Roosevelt sets and found that was an often colorful issue. Here's the couple of dimes I've pulled so far for grading.
Why? I still wonder.
There is no accounting for taste's or preferences. Drives economists crazy.
Collecting coins is a hobby for many, a business for some. As a hobby, collectors can do as they wish - slab or not. As a business, it is a profit/loss decision. Cheers, RickO
So since I'm here, let me ask the question. Should I get these guys slabbed?... Or is it just damage?
Very awesome, dude! To me, they look ok?
Very attractive, to say the least. Are they full bands? If they are, they might be considered? I like 'em.
That is entirely up to you, my friend. Just as the thread states. "You can DO whatever you wish!"
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.No, never checked if they're FB. I doubt if they are. I should probably check though.
Thanks!
So I'm just guessing here. If this had been a FB, would this have killed it?
Not a $6 coin, but this is probably the lowest value coin I’ve ever sent in... And I did it for the tarnish.
My YouTube Channel
Needed for a registry type set to keep it at 100% complete. When I was dealer, I could barely get $5 for a four piece set of Proof dollar coins.
That coin is exceptional!!
Later day proof coins have never sold well, even in higher grade status. I really do like the Proof golden dollars, but it seems that there is not a market for them.
Not $6, PCGS has it priced at $18.
Just Arrived
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I get doing it for low cost MS coins and toned coins, but I still shake my head when I see something like a slabbed F-12 1936 half dollar or a VG-10 1919 cent (I've actually seen stuff like this). That must be the OCD part, maybe it's for a slabbed set. Hey, I might not do that, but it's not taking anything away from my collection either.
10-4,
My Instagram picturesErik
My registry sets
This has a value of zero in 64rb.
Well, here's an example of my total inexperience and how it could (I guess) happen to others! I submitted 3 coins like this about 10 years ago. Basically, testing my non-professional grading skills. The other 2 came back in a body bags! I learned the hard lesson!
Ouch!!
What do you mean WE?
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Me, Joey and about three others...LOL
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i'll be sending some off (hopefully soon) for slabbing that i have a cost basis of .02c.
so i guess the next thread is on me: "Why we slab <$1 coins."
fwiw, coins cost $0.12, slabbing all-in round-trip. $400
sure hope to double up at least.