Would you ever have a coin graded strictly for protection of the coin?
jmlanzaf
Posts: 36,839 ✭✭✭✭✭
Came up in my other poll
All comments reflect the opinion of the author, evn when irrefutably accurate.
Would you ever have a coin graded strictly for protection of the coin?
This is a public poll: others will see what you voted for.
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Comments
The 2nd and 3rd work for me, best wishes 🙂
Why should I? How do you think the coin lasted this long without being damaged?
That's right, big guy....proper handling.
Yes, it is worth it to me for protection.
But beyond that is my effort to authenticate the coin. To make it possible for my family to easily liquidate their inheritance later on, if desired. (they're not into coins)
And in some cases - I've authenticated Bullion coins...
I have coins of great sentimental value to our family that need to be protected for posterity. I think a proper slab looks better, has more gravitas, does a better job, and fits the rest of my collection.
Always use protection.😆
Especially large, valuable medals. They are very difficult to store any other way.
It's a big it depends. I'm not opposed to grading a big ticket coin to protect it and so its value is better established for insurance or if I'm gone, but at the same time, my best example is one where I specifically didn't want to make the coins more marketable. When I first showed these two coins, lots of people told me to get them graded. I don't want them to ever be sold, and to that end I'd rather have the story than the marketability, so I had a custom holder made instead.
Wow. Great question.
I cant say I never thought about those multiple choice answers.
Here's the approach I'm dealing with presently after six years, 4 nights a week at 6+ hrs daily.
I needed a gratifying hobby. After the first month I've scratched out the word hobby.
I now call it a job. Why not, I've done the same thing for 45 + yrs. with the same tools, creating advertising material, doing press checks with the customer eye balling your every move.
I kept what you could call a portfolio, of many samples collected that I produced for my personal posterity. Those protected samples open many doors. Offset printing, embossing, die cutting, screen printing or even credit card production. Pressman talk. Sometimes you can't shut them up.
LOL
Now enter a new toy (press) for me to learn, no, not a densitometer.
It's called a micro camera which puts the challenge of a video game simulation into the mix, if I feel like it, I can even comment on my professional views of, on the job.
LOL
Value,
getting right to a point, learning, that the camera, paired with certain coins, will show you things you may have missed, and missed again, and again....If your not all tied up in it's value.
Slabs,
only hinder your focus when something crosses a thought you may have on that coin. I'm biting my lip when I think about this coin.
My thoughts.
Climate control, 70 f , inside a coin zip lock, keeps access possible, with no change insight.
You would be amazed.
Now if someone want's to go the extreme, let's talk.
Cool.
I voted yes, but its a combination of protection and im horribly OCD and want my coins to all look alike.
I have a few lower valued coins which were graded because of sentimental value and it’s the best way to protect them. Hopefully future generations will enjoy them and with them in a slab they will know what they’re looking at.
Every time a question like this pops up I have a flashback to a long gone Thanksgiving where two of my young nieces were covered in jelly and admiring my collection of Seated and Trade Dollars. James
Fruit preserving ? Smart kids.
Sry.
Continue...
Actually, if PCGS would allow me to add a caption I may slab for posterity.
"Landed on edge, Dec 24, 2023"
https://forums.collectors.com/discussion/1098846/does-this-mean-im-cursed#latest
Collector, occasional seller
I slabbed this one, knowing it would most likely get a details grade, to protect, preserve and to make it seem more “special” and important because it is a family heirloom saved by my wife’s great grandparents parents from back in the day. My wife’s ancestors lived in Burlington NJ since colonial times and were shakers/farmers. This coin and a group of others have been passed down and ended up with us. This coin was the coolest in the group and that’s why I slabbed it.
Mr_Spud
For me, it depends on the coin. High dollar value coins... sure. I like the authenticity and protection that a TPG holder gives. There's also a consideration for resale too. For lower value coins and coins that have sentimental value (but aren't all that valuable)... I'll self slab... Here's an example of one that I'll likely self-slab... loads of sentimental value and personal family history, but I don't collect them...
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Depends on the value of the coin.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
No will just put it in a Mylar saflip. I rather not risk losing such a coin in the mail (99% of my collection are in 2 by 2 Mylar's and the other 1% they were already graded when purchased).
What if its a 7 figure coin? Hypothetically?
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
I've sent in some because they were my kids first purchase.
Don't give a hoot how they grade.
If it’s not an expensive Coin, I couldn’t justify it. I would simply buy a plastic snap tight.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I would fly down and have it graded in person. No way would I ever send a coin of that value in the mail. And if that was not possible it would stay raw. I do not even own any coins of 5 figures and very few of 4 figures. I am just a small time collector.
A coin is meant to be spent (used). I would only send a used coin in to confirm it's grade if it financially made sense.
On the other hand, the side benefit of having a mint state or proof coin graded is it would protect the coin.
No but depends on value of the coin. Junk box stuff - no. Investment inventory worth slab cost, etc - yes.