Graded Coins

why by getting a coin graded make it worth so much more.ive looked on fleabay at there graded wheats and alot of my coins look much better.so do you think its worth it?

 

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Alot of it has to do with the desirability of the coin. Would you rather have a crudded up, scratched featureless coin, or a flawless example? I'd say 99.9% of collectors would opt for the second option, or atleast as close to it as they can get/afford. Having it graded shows without a doubt (in most cases) the condition of the coin. Therefore, collectors looking for top quality pieces will have the proof they are looking for. In short high grades are most desirable, and having a confrimed grade is sort of like insuring the coin is desirable to collectors. Coins graded by trusted, top tier companys are much easier to sell.

Rarity also has alot to do with it, however. A rare slabbed/graded coin is worth way more *(edit) to most collectors* than a raw common coin, especially since there are collectors who only collect slabbed coins.

 

ty lots of info...i really want to send some but dont want to waste the money if im wrong..i had an account on here before with the same name and have a whole load of my wheats in my albums.but cant get back in from this site.wow just seem were you lived been there so many times i was from the southside of chicago called the eastside

 

great answer gd ty

 

TPGs (third party graders) allow for sale of coins within some consistency.
Consider trying to do a by-mail sale before TPGs. You may say it's AU, the recipient may call it XF.
Now renegotiate the sale.
TPGs give a general standard, especially for wire sales between dealers.

 

You're so smart.

Okay smarty pants, why do we drive on parkways and park in driveways?

 

Personally I would only have a coin slabbed, if I thought it would sell over $1,000. Less than that, its just not worth it. (IMHO)

 

it is also true that a rare raw coin is more valuable than a graded common coin as well. The slab does nothing for the value.

One should also note that on many coins the TPG is used for authentication as much as grade. A 1916-D Mercury Dime comes to mind. It is the most counterfeited US coin out there. There are more fakes than real ones. I would never buy a 16-D uncertified and I consider myself to be a pretty experienced and knowledgeable collector.

 

Ummm - you have to drive on a driveway to get to where you park. If you ever get a mansion in the country your driveway might be longer than a lot of city streets.

I think doug hit most of it. Plus with some slabs you can do registry sets.

 

Using your example of the Mercury Dime: I know the slab does not make the coin, as only a coin, more valuable, but it is more valuable to collectors to have it slabbed by top TPG because that authenticates it, unless stated otherwise. So yes the slab does not make the coin, but it does help sell them, so in a way a slab is more valuable. If that makes sense how I worded it.

 

Well, it's kind of the same thing that I said, but yes, I think you got it.

Other than a guarantee of authenticity, the slab itself is almost meaningless to the value. Don't believe otherwise.

Does the slab make the coin easier to sell? Absolutely!! Is that a value? Yes, it is better to have to work less for the same result, but that's the extent of it. The coin is not inherently worth more because it's TPG graded.

So, yes, we definitely agree.

I would also like you to understand that many coins in slabs are overgraded. It happens to most all of them eventually. People keep cracking them out and sending them back in until they get a grade that they can't beat (usually an overgrade) and at that point they finally stop trying for higher grades and the coin stays in the holder.

This is called "The Crack-Out Game" and there are entire threads here on CT dedicated to it and the long term effects of the game on the coin industry.

 

Agreed sir. The coin is only worth what the coin itself is worth. No dispute there. The slab only helps it get noticed more, if you will, to collectors who crave quality. Situations like auctions can drive the price more than the coin is worth, that is where the authentication and the desirability of it comes in. But that's the beauty of competition, for the seller atleast.

 

The slab makes the coin look a bit better than one without it, but it doesn't add anything to the coin, except a close to near consistent grade

 

Thats not even entirely true, as mikenoodle stated. Consistent as in ballpark, yes. But consistent as in dead on, not always the case.

 

That's 100% correct. I was thinking about NGC and PCGS in perfect conditions, not overgrades and "Yippee, my coin got MS70, as always" (You know who I'm talking about)
Edited original statement

 

I don't know if I fully understand what you're saying jcakcoin, but MANY MS or PF-70 graded coins are overgraded as well. Even from top tier TPGs.

 

He did, and I was just busting his chops, a widdle

 

Why isn't a tire store called a wheeler dealer?

Chris

 

Or a rubber retailer?