Do slabs add value for MS-69 or Proof-69 SAEs?

RYK · January 28, 2009 4:05AM

Serious question.

For NCLT coins like recent year SAEs, where most of the coins are legitimate 69s, by current standards, and a few may be 70s, other than protection and fitting into a slab box, does a slab add any value? Is an MS-69 2009 SAE worth more than a raw one with no immediately visible imperfections? Does it matter if it is a PCGS-69 or NGC-69?

I was under the impression that the 69s were the ones that failed to make the 70 grade and warranted no premium, but I am willing to reconsider the position.

IrishMike · January 28, 2009 4:22AM

To those who play the registry game they do. Last summer while attending a show I noticed a dealer/friend of mine had a bunch of them. I asked him why and he looked embarrassed to admit that he took them on consignment and couldn't give them away. He eventually ended up giving them back to the consignor, btw they were in N slabs.

Loki · January 28, 2009 4:25AM

I will answer these questions based on my experience with 2006w ase's, of which I have sold many.

<< For NCLT coins like recent year SAEs, where most of the coins are legitimate 69s, by current standards, and a few may be 70s, other than protection and fitting into a slab box, does a slab add any value? >>

No. In fact, a graded PCGS or NGC 69 more often brings in less than a raw coin.

<< Is an MS-69 2009 SAE worth more than a raw one with no immediately visible imperfections? >>

No. Stricly speaking ebay, the raw one with immediately visible imperfections is more desirable to buyers and will bring in a slightly better result than the slabbed 69 with no immediatly visible imperfections.

<< Does it matter if it is a PCGS-69 or NGC-69? >>

No. Strictly speaking generic labels, they are equally worthless with regards to label premiums. First strike and early release may, and I stress may, add a little premium, with first strike being the more desirable of the two.

<< I was under the impression that the 69s were the ones that failed to make the 70 grade and warranted no premium, but I am willing to reconsider the position. >>

I wouldn't.

Longacre · January 28, 2009 4:27AM

Based on prices that I have seen (shhhh-- I've been looking at bullion lately), it does add some amount to the price of the coin. Of course, the basic cost of getting it slabbed will be passed on to the customer, too.

relicsncoins · January 28, 2009 4:55AM

Take a look on Ebay for 20th anniverary SAE's. There are plenty of raw sets and plenty of Slabbed sets by both PCGS and NGC in 69. Should be pretty easy to see how much of a premium the slabs are bringing. My personal oppinion based on a couple of sales, is not much.

JJ

RYK · January 28, 2009 4:55AM

<< <i>Based on prices that I have seen (shhhh-- I've been looking at bullion lately), it does add some amount to the price of the coin. Of course, the basic cost of getting it slabbed will be passed on to the customer, too. >>

See, I disagree with your premise here. The cost of slabbing is to make 70s, not 69s, and mentally this should go into the cost basis of the 70s.

CoinJunkie · January 28, 2009 4:57AM

Very little, if any, and certainly less than the cost of the operation...

GoldenEyeNumismatics · January 28, 2009 5:04AM

A lot of collectors like the novelty of having the coin in a PCGS or NGC holder. Typically that results in a slightly higher price.

relicsncoins · January 28, 2009 5:08AM

I just did a quick check of completed auctions in the last couple of weeks for the 20th anniverary sets. I saw about 8 or 10 sets in both brands of plastic and 8 or 10 sets raw in original mint packaging. The grades sets brought absolutely no premium and if anything slightly underperfomed the raw sets.

fivecents · January 28, 2009 5:10AM

The premium for NGC/PCGS PR/MS69 slabed over raw does have a premium.....at this point and time. The premium used to be HUGE. Year by year the premium has consistently gone down. Eventually the premium will be ZERO! imho

OPA · January 28, 2009 5:14AM

The only noticeable difference between raw & slabbed, is within the first 30 - 60 days of release. After that, it's normally a washout between 69 & raw prices. PCGS will bring a premium over NGC 69 & a much larger premium with their 70's graded ones, but you need to dump them asap after they first become available.

nicetoning42107 · January 28, 2009 5:28AM

The 1994 and 1996 Silver Eagles in MS69 bring premiums over their non-certified counterparts. PCGS more than NGC.

Bochiman · January 28, 2009 7:19AM

On some of the most recent issues, no, the slab doesn't really add any value IF a 69 instead of a 70.
On some of the earlier issues (1986, etc), yes, I believe it still does add some value.

dsessom · January 28, 2009 7:33AM

I saw this thread and really took a close look at a some 69s and 70s I have, and I honestly cannot find ANY difference between the two even under magnification. I have NO clue why the 69s got the grade! LOL

The 70's dont look any better or worse...

GrumpyEd · January 28, 2009 7:39AM

On most of them it adds no value.
It might even drop the value, being slabbed as a 69 means it already had one shot at being a 70 but didn't cut it. A raw one might have a better chance.

A slabbed 69 only adds value on certain issues.

CertifiedGoldCoins · January 28, 2009 11:51AM

<< <i>being slabbed as a 69 means it already had one shot at being a 70 but didn't cut it. A raw one might have a better chance. >>

That about sums it up.

Tonelover · January 28, 2009 12:04PM

I don't collect the stuff but recently had some non-first strike NGC MS-69 Silver Eagles which I would normally sell to my bullion wholesaler for about $15 that sold like candy on ebay with Buy It Now's at $25 each.

Do slabs add value for MS-69 or Proof-69 SAEs?

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