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Raw vs Slabs
llafoe
Posts: 7,220 ✭✭
My daughter has determined that she prefers raw coins over slabbed coins. She enjoys looking at the coins, holding them, touching them, sorting them, placing them in albums, etc. Her slabs... she doesn't give them any time... she just pushes them aside; stores them and ignores them.
My son on the other hand prefers slabs over raw coins. The only raw coins he prefers are ones with substantial value... that can be sold immediately. He loves bullion and coins in slabs. He always looks to see if the coins have value. He's more concerned with current value and future value.
My daughter thinks she's a collector... someone that enjoys the history of the coin, the ability to hold that history in her hand... skin on coin contact.
My son thinks he's an investor... someone that sees coins as an investment... an income source.
Are my children correct? Raw coins are for collectors and slabbed coins are for investors?
My son on the other hand prefers slabs over raw coins. The only raw coins he prefers are ones with substantial value... that can be sold immediately. He loves bullion and coins in slabs. He always looks to see if the coins have value. He's more concerned with current value and future value.
My daughter thinks she's a collector... someone that enjoys the history of the coin, the ability to hold that history in her hand... skin on coin contact.
My son thinks he's an investor... someone that sees coins as an investment... an income source.
Are my children correct? Raw coins are for collectors and slabbed coins are for investors?
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<< <i>Slabs from a top notch TPG guarantee authenticity. With China flooding our market this is important. >>
That would protect investment... correct?
<< <i>My daughter has determined that she prefers raw coins over slabbed coins. She enjoys looking at the coins, holding them, touching them, sorting them, placing them in albums, etc. Her slabs... she doesn't give them any time... she just pushes them aside; stores them and ignores them.
My son on the other hand prefers slabs over raw coins. The only raw coins he prefers are ones with substantial value... that can be sold immediately. He loves bullion and coins in slabs. He always looks to see if the coins have value. He's more concerned with current value and future value.
My daughter thinks she's a collector... someone that enjoys the history of the coin, the ability to hold that history in her hand... skin on coin contact.
My son thinks he's an investor... someone that sees coins as an investment... an income source.
Are my children correct? Raw coins are for collectors and slabbed coins are for investors? >>
If your daughter likes touching "history" so much, buy her a couple of cheap roman coins. With ancients the rules U.S. collectors apply to their coins are not as strict. Ancient collectors tend to dislike slabs and love to touch something 2000 years old. Plus most have been cleaned anyways from being buried in dirt.
<< <i>
<< <i>My daughter has determined that she prefers raw coins over slabbed coins. She enjoys looking at the coins, holding them, touching them, sorting them, placing them in albums, etc. Her slabs... she doesn't give them any time... she just pushes them aside; stores them and ignores them.
My son on the other hand prefers slabs over raw coins. The only raw coins he prefers are ones with substantial value... that can be sold immediately. He loves bullion and coins in slabs. He always looks to see if the coins have value. He's more concerned with current value and future value.
My daughter thinks she's a collector... someone that enjoys the history of the coin, the ability to hold that history in her hand... skin on coin contact.
My son thinks he's an investor... someone that sees coins as an investment... an income source.
Are my children correct? Raw coins are for collectors and slabbed coins are for investors? >>
If your daughter likes touching "history" so much, buy her a couple of cheap roman coins. With ancients the rules U.S. collectors apply to their coins are not as strict. Ancient collectors tend to dislike slabs and love to touch something 2000 years old. Plus most have been cleaned anyways from being buried in dirt. >>
Her name is Larissa... she collects Larissa coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Whem your daughter grows up, she will understand the value of top tier slabs. >>
She understands the value of the slabs, but she gets more enjoyment from holding raw coins.
She's still too young to allow greed to affect her decisions.
WS
Hoard the keys.
<< <i>It's ok to touch them but try to put them in some kind of holder like a kointain or a coin capsule. I think she will thank you later. >>
She uses Dansco albums.
And on investing again I want them in slabs.
<< <i>Boy, as a collector, I totally disagree with your daughter and want my coins in slabs.
And on investing again I want them in slabs. >>
Boy, as a collector, I totally disagree you you, Dimeman, and want my coins raw just like the OP's daughter.
If I were in it for the profit then yes, I probably would want them in slabs, though.
OKBC - Just curious, why do you prefer your coins raw??
There is also the fact that I totally disagree with the grade inflation that has taken place over the past 30 years and don't like overstated labels. It confuses people when they look at the coin label and can't find said grade in my inventory sheet because I listed it at the "real" grade rather than the TPG "market" grade.
<< <i>
<< <i>Whem your daughter grows up, she will understand the value of top tier slabs. >>
She understands the value of the slabs, but she gets more enjoyment from holding raw coins.
She's still too young to allow greed to affect her decisions.
Is she buying these coins with her money or your money? It makes a difference as to perception of the value of the grade/authenticity guarantee.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
...hey larry. let your kids handle the raw coins. just make sure they're wearing gloves!
Well, I have to have slabs for the following reasons.
1 - It's the safe way to store coins...you can look at them without fear of finger prints or dropping them.
2 - I can put them in the Registry.
3 - If something happens to me it will be easier for my family to deal with them.
Number 3 is probably the most important......but I do love to play the Registry.
But I think you could educate your daughter on the generally accepted "proper" ways to handle raw coins (by the edges, don't talk over them, etc.)
http://www.shieldnickels.net
<< <i>
<< <i>Whem your daughter grows up, she will understand the value of top tier slabs. >>
She understands the value of the slabs, but she gets more enjoyment from holding raw coins.
She's still too young to allow greed to affect her decisions.
Right up to the point where that 32-D Washington slips out of her hands and lands on the patio giving it a sizeable ding on the rim.
While herposition is understandable, its pronbably based upon what she's collecting probably doesn't warrant slabs and doesn't really have anything to do with "greed" as much as protecting the coin from accidental mishaps. Provided, of course, its a coin that has value which needs to be protected such as that MS69RD 1999-D in the Mint Set.
The name is LEE!
<< <i>Number 3 is probably the most important...... >>
Not to mention the fact that it adds a level of protection to keep the inheriting relatives from taking a brillo pad to them!
The name is LEE!
<< <i>You can always compromise...Put your raw coins in one big slab...best of both worlds...
WS
: Applause; Now that is cool!
If you think you're an investor, you're an investor.
Whether you're a collector or an investor, slabs are more likely to help than hurt.
But if you're a collector and you don't like slabs, it's certainly OK to stick with raw coins. In fact, that's what I do.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Ed. S.
(EJS)
Investor? That is difficult road to be on. You might have your son think about what monetarily successful folks do. Flipping hot U. S. mint products is A#1 for a novice. Yes, many do turn out to be flops, but one or two big winners can pay for four or five flops, and there have been a number of big winners. Otherwise, learning to grade, developing contacts, and market knowledge will likely determine success or failure for the would be coin investor. One caveat is that more than a few dealers might get real mad, if they find out that the young kid they gave a sweetheart deal to, flipped the coins a month later for a profit, and was mostly interested in the profit. So if he does that, make sure he flies low and doesn't brag, and doesn't write about his profits online, because the well may run dry if dealers think they are being played by a young hungry shark.
As others have said, as long as you teach proper coin handling to the girl, she will do okay. Unfortunately, fake slabs are almost as big a danger as fake coins, so slabs only buy a very little protection these days. The fakes are migrating into almost all venues, so I don't think venue alone is protection any more.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>Boy, as a collector, I totally disagree with your daughter and want my coins in slabs.
And on investing again I want them in slabs. >>
Boy, as a collector, I totally disagree you you, Dimeman, and want my coins raw just like the OP's daughter.
If I were in it for the profit then yes, I probably would want them in slabs, though. >>
I agree with my friend the bustchaser
<< <i>Well, I have to have slabs for the following reasons.
1 - It's the safe way to store coins...you can look at them without fear of finger prints or dropping them.
2 - I can put them in the Registry.
3 - If something happens to me it will be easier for my family to deal with them.
Number 3 is probably the most important......but I do love to play the Registry. >>
Be honest, if you did not participate in point #2, than you wouldn't even collect anymore. Am I right?
As a practical matter, my cheapest coin cost me $217. My most expensive one cost five figures. At these sums, I need an insurance policy of sorts. The TPG slab does this to some degree.
Now if all my coins to me were not expensive, I wouldn't bother with slabs.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>If you think you're a collector, you're a collector.
If you think you're an investor, you're an investor.
Whether you're a collector or an investor, slabs are more likely to help than hurt.
But if you're a collector and you don't like slabs, it's certainly OK to stick with raw coins. In fact, that's what I do. >>
Well said!
I understand the slab theory, but I prefer them raw.