A few reasons: 1. If it's a rare coin, the experts can authenticate it (best reason to slab). 2. If you plan on selling it in the near future, it helps bring a better price, assuming it's graded correctly. Other than that, no good reason I can think of.
<< <i>I have been thinking about slabbing a coin, but then I think why. What good does it do to spend $30 to get a coin graded >>
.................depends what you want to do with the coin. if its just for your collection, and you enjoy it...keep it raw......however if you plan to sell the coin, slab it....most likely it will sell for more...since few today know how to grade.......
<< <i>What good does it do to spend $30 to get a coin graded?
We know you're "Son of The Snake" but we know little more. Are you a collector? Dealer? What is this coin? Maybe we can help. >>
I'm more of a dealer. The coin I'm thinking of slabbing is a realy realy cool 1909 vdb lincoln with nice toning, or a 1898 indian with allso realy nice toning, but I think the indian has been cleaned.
The reality is that if you are going to sell the coin over the net ala eBay you will do better if the coin is slabbed especially if it could be worth lots of dollars. There are many eBayers who buy the plastic but too many folks have been burned buying raw on eBay and many will not buy raw over a certain $$ amount. I see coins relisted over and over with no interest at all. If the sellers had bothered to have them certified they would have sold a lot faster. Also you mite think the coin is a 63 but the PCGS graders mite give it a 65 so you could be cheating yourself too. If you sell let the new owner unslab it. There are good points on both sides of this dilemma but at least the pros will put a guarantee behind what they say.
<< <i>What good does it do to spend $30 to get a coin graded?
We know you're "Son of The Snake" but we know little more. Are you a collector? Dealer? What is this coin? Maybe we can help. >>
I'm more of a dealer. The coin I'm thinking of slabbing is a realy realy cool 1909 vdb lincoln with nice toning, or a 1898 indian with allso realy nice toning, but I think the indian has been cleaned. >>
What do you think they will grade when slabbed. If you think they will grade high enough to make a good profit I would slab them... if the coin is only going to be worth $30-40 slabbed, I wouldn't waste my time. Also... if the toning is really wild slabbing might be a good idea.
If you are a dealer, you have to think in terms of expense/profit, cost/benefit as your only motivation for slabbing. You should already have a good idea of what grade it should come back and whether it is cleaned or not, how much it would sell for before/after slabbing and on and on. Otherwise, you are kidding yourself aboutt the dealer part.
Time sure flies when you don't know what you are doing...
Take the raw coin(s) to a show and get several opinions of the grade from the experts. Then you should know whether or not the coin is worth the cost of slabbing. As you might have learned from these forums it is difficult to grade even slabbed coins from auction pics so raw coins would be even more risky to grade.
Comments
FOR SALE Items
1. If it's a rare coin, the experts can authenticate it (best reason to slab).
2. If you plan on selling it in the near future, it helps bring a better price, assuming it's graded correctly.
Other than that, no good reason I can think of.
<< <i>I have been thinking about slabbing a coin, but then I think why. What good does it do to spend $30 to get a coin graded
PCI: Five day turnaround for $8. ($10. minus the current online coupon offering $2. off).
peacockcoins
<< <i>I have been thinking about slabbing a coin, but then I think why. What good does it do to spend $30 to get a coin graded
Depends on the coin. Depends on the collector. Depends upon what you are planning to do with it.
CoinPeople.com || CoinWiki.com || NumisLinks.com
<< <i>I have been thinking about slabbing a coin, but then I think why. What good does it do to spend $30 to get a coin graded
.................depends what you want to do with the coin. if its just for your collection, and you enjoy it...keep it raw......however if you plan to sell the coin, slab it....most likely it will sell for more...since few today know how to grade.......
Tyler
<< <i>I have been thinking about slabbing a coin, but then I think why. What good does it do to spend $30 to get a coin graded
What kind of question is that, from the son of a dealer in high grade coins?
We know you're "Son of The Snake" but we know little more. Are you a collector? Dealer? What is this coin? Maybe we can help.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
common,give us your real motive on this post
<< <i>What good does it do to spend $30 to get a coin graded?
We know you're "Son of The Snake" but we know little more. Are you a collector? Dealer? What is this coin? Maybe we can help. >>
I'm more of a dealer. The coin I'm thinking of slabbing is a realy realy cool 1909 vdb lincoln with nice toning, or a 1898 indian with allso realy nice toning, but I think the indian has been cleaned.
There are good points on both sides of this dilemma but at least the pros will put a guarantee behind what they say.
<< <i>
<< <i>What good does it do to spend $30 to get a coin graded?
We know you're "Son of The Snake" but we know little more. Are you a collector? Dealer? What is this coin? Maybe we can help. >>
I'm more of a dealer. The coin I'm thinking of slabbing is a realy realy cool 1909 vdb lincoln with nice toning, or a 1898 indian with allso realy nice toning, but I think the indian has been cleaned. >>
What do you think they will grade when slabbed. If you think they will grade high enough to make a good profit I would slab them... if the coin is only going to be worth $30-40 slabbed, I wouldn't waste my time. Also... if the toning is really wild slabbing might be a good idea.
-Jarrett Roberts
<< <i> I'm more of a dealer. >>
If you are a dealer, you have to think in terms of expense/profit, cost/benefit as your only motivation for slabbing. You should already have a good idea of what grade it should come back and whether it is cleaned or not, how much it would sell for before/after slabbing and on and on. Otherwise, you are kidding yourself aboutt the dealer part.
CoinPeople.com || CoinWiki.com || NumisLinks.com
What did your dad suggest you do? Or haven't you asked him yet?