Slabbed or Not Slabbed
cinque1543
Posts: 426 ✭✭✭
On the APMEX website, I've noticed that the price of a 1oz AGE graded as MS70 by PCGS or NGC costs about $100 more (depending on year) than a raw BU 1oz AGE. So is there any value in paying the extra $100? When selling at some future point, is one likely to recoup the extra $100?
I guess you have a bit more safety with a slabbed coin because it was authenticated at time of grading. But other than that, is there any reason to buy slabbed bullion coins?
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No - you will be paid the same, especially in the current market.
As for as recouping premium paid for a slabbed coin, one can expect to recover said premium upon resell. Buyers pay the slab premium not only for the grade but also for the certification that the coin is authentic. Higher the grade, higher the premium. The PCGS site has an excellent price guide for graded coins.
When gold and silver move together, it signals the coming end of fiat money.
I get that dealers probably only send coins they are sure to get a 70 in for slabbing, but 70's are no longer a unicorn. I'd say 99% of all ASE's get a 69 or 70. Now a PRDCAM 70 might be worth the extra money.
Agree, doesn't matter slabbed or raw in current market. All the extra gimmicks, MS70, first strike, FDOI etc. even more irrelevant.
That said as a buyer if offered raw or slabbed at the same price I would take the slabbed. There was a time they carried a premium and it is possible one day they will again. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Yup, just like 90% US Constitutional will carry a premium again you old grasshopper. Thankfully I have always been all about silver content and never the slab, numismatic crapola like dates and mint marks. GIMMICKS is right. lolz....
COPPER is gutter !
In this market a slabbed bullion coin will get you nowhere in terms of premium.
I knew it would happen.
BS
and these are only MS69
When gold and silver move together, it signals the coming end of fiat money.
Buying slabbed bullion coins with the premium is high risk IMO. You're paying extra for the plastic that usually doesn't translate well in resale.
There are a LOT of people out there that think they have something RARE in a special variant of a MS69 ASE because of whatever anniversary/release/signature is on it.
I would pay non-slabbed price for an MS69 AGE just for the authentication cover when I sell.
I never understood the desire for slabbed silver though.
Loves me some shiny!
“Often wrong, but never in doubt.”
Ebay results also have to consider the cost of certification, shipping & handling and ebay/paypal fees. I don't think any dealers would buy graded ASEs for much over spot, but each to his own.
I knew it would happen.
I don't one anyone paying a premium, including retail customers.
All comments reflect the opinion of the author, even when irrefutably accurate.
I'm even seeing some 70s go at the same price as raw. It becomes more of a space/storage issue for dealers. The space a slabbed gold eagle takes up, you could lay out half a roll or more of them and it would take up less space. It also may be a harder sell if a certain buyer doesn't like NGC over PCGS, etc.
The dealers I've spoken to lately find the slabbed coins are more hassle than they are worth and sit in inventory a long time because it is more of a niche product.
No you will not recoup that on current dates for the foreseeable future. Though they must be selling a few or they would not be at that price point.
I have purchased earlier dates and at 70 and done just ok on resale.
There is a 70 collector base for ASEs that is a fact.
Yes, I have also seem people freak out when a ASE 70 gets a milk spot in the holder
Loves me some shiny!
“Often wrong, but never in doubt.”
Which is why I have NO IDEA why anyone would grade bullion. God Bless America.
The ugliest ASE's vs their BU counterparts spread in raw is pretty damn close with LEGIT dealers.
COPPER is gutter !
Personally, I wouldn’t buy slabbed bullion. But, I also like 90 %, so what do I know. 🤣
many pay the premium to ensure the modern gold is authentic and not counterfeit. small price to pay when buying a 1 oz gold eagle.
When gold and silver move together, it signals the coming end of fiat money.
@derryb - yes, I can see the point for gold. Not yet for silver, but who knows.
There are advantages to slabbed bullion. Not everyone sells to dealers.
A. From time to time a bullion issue is rare or special and gains numismatic value. See Unc Platinum Eagles.
B. Slabbed bullion makes peer-to-peer sales more viable. While some people would never buy raw bullion, they will consider buying slabbed (certified) bullion and pay more than a dealer.
Edited to add:
C. An easier method of tracking and accounting.
I find it interesting THESE DAYS that many dealers who take in slabbed SILVER bullion as they do raw, end up cracking much of it out of the slabs because the smelters they are offing it to require that. Plenty of videos showing plastic shards all over the floor like shattered glass. Usually, it's just the ASE's and a very minority amount of Libertads and Maples that avoid this fate.
I have some 1 oz in slabs. BUT, only because I was able to obtain them at the same point as raw.
COPPER is gutter !
Who needs the wrapper around the loaf of bread ? But I’ll take the pretty wrapping all day long, too. Keeps the bread fresh.
``https://ebay.us/m/KxolR5
.999 bullion coins don"t go to the furnace to become .999 bullion
When gold and silver move together, it signals the coming end of fiat money.
I didn’t say that they did.
COPPER is gutter !
So, what is being melted? Is it just .999 bars and rounds? The demand is in 1,000 oz. good delivery bars, right? It seems to me that the only thing not being melted is everything less than .999 which would include Eagles, Maples, Britannias, etc.
Please clarify.
I knew it would happen.
less than .999 is refined so that it be fabricated into .999 products. Only a limited number of refiners are authorized to supply good delivery bars to the exchanges' vaults. junk silver is going to the refiners
When gold and silver move together, it signals the coming end of fiat money.
My point was, that of most of the slabbed product taken in by dealers is cracked out and shipped off. With ASE’s as the exception, mostly. Those will offer up in their shop inventory. Along with other sovereign coins such as Libertads and Maples. Depending on dealers choice. There are some recent videos I’ve watched showing the plastic carnage preparing for sending out to the smelter…. I’ll try and find that
COPPER is gutter !
I've cracked out any ASEs that were 70s before selling. There was no premium for 69 and they were actually less liquid