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Originally Posted by JrCoin  Glad to be of service... 
I'm simply stating my opinion that the need to encapsulate is a bit overdone. How valueable is a modern coin in tpg ms 69 condition when you can find literally hundreds of such coins for sale? I'd rather spend my money on coins than plastic. Is that clear enough? I guess what I'm saying is I don't buy into a publication that tells me a statehood quarter is worth like $100 because it's in a plastic holder that says ms 70. Perhaps you think that is a bargain or something. If you can counterfeit a coin, you can counterfeit a slab. It is not a foolproof way to purchase coins sight unseen. I'll take the "raw" coin I can see with my own two eyes over a slab any day. |
While I agree with your basic premise that the encapsulation and grading of very common coins is way overdone, your exaggeration of slab counterfeiting and downplaying of the value of the authentication and grading service provided by TPG's hurts the credibility of your opinion. I admire your passion about the issue, but it can easily be perceived as that of a lunatic fringe.
Furthermore, a statehood quarter (any issue) in MS70 would be worth thousands of dollars not $100. Like most other business strike coins, they are extremely rare in any grade above MS67. If you don't believe me, check the population reports.
I agree with Ben's approach to slabbing coins except I use the $200 rule instead of $300. The only addition I would make is about rainbow toned coins. With the number of coin doctors, they need to be encapsulated to assure the buyer that the coin's toning is market acceptable in the eyes of the TPG.
For those people who really hate TPG's, ask yourself this question. If you are going to purchase a $10K coin, do you want it to be raw or slabbed? As a follow up question, why?
