Not sure if it would be beneficial or not? Right now the coin is in the original packaging from the mint. I know some people prefer slabbed for pandas due to fakes but if they fake the slabs now too I am wondering if there is a benefit. Any opinions? Was thinking about taking advantage of the ANACS free offer.
Please explain how a free offer is a waste of money? Shipping costs are nominal compared to the protection and verification of the (this) piece once completed. Certifying a panda is not a bad idea for taking advantage of the free offer. Doing so also is going to make it a bit easier to sell to some buyers what with the problem of fake coins and holders. There is a huge market out there for Pandas and making it easier for them to buy from an individual can't be the worst course of action. "Why certify modern bullion?" some ask. Because one day it won't be modern, they won't mint these designs perpetually and bullion collecting is getting stronger and stronger despite "old skool" notions that it's a waste of money. The bull market brought a lot of people into metals and bullion dealers have crafted a bullion collector base of paying customers who support the concept. If someone slabbed Morgan dollars before neglecting them all those years they were left stored in Mint bags, there may be a lot higher population of higher grade examples and maybe even less toned ones. The Mint slabbed GSA dollars and collectors and dealers jumped all over them, but they weren't minted in limited series and many meet the melting pot because they were never considered anything but bullion which many of you now own as collectibles, trade for high dollar amounts and discuss at length in numismatic terms. Once silver eagles stop being produced, I expect growth in the collector market as people change their perspective on those as bullion/uncirculated and start to respect them numismatically.
I am not a big fan of slabbed coins. I collect coins, but I also like to enjoy them. Once they are in a slab, you will never see their true beauty again; it will always be behind plastic. As clear as the plastic may be, it will never be the same as looking at the coin in your hand (held by the rim, of course.) Then, if the slab becomes scratched, even a small scratch, it will most likely reflect off of the coin and detract from its general beauty. Slabbing has its place in some instances, but if your goal is to enjoy your Panda, I would keep it as it is. I think krispy makes some good points, but, for me personally, I would rather enjoy my coin today as opposed to thinking about what the state of various coins might be years into the future.
Not usually a fan a slabbing bullion but given the free offer to authenticate a panda, I would do it.
So they are paying all the shipping costs, there and back? If the answers to these are yes then why even post a topic about this just do it. I trade in quite a bit of bullion and I will tell you from personal experience I wouldn't pay a cent more for a Anac slabbed panda then I would a raw one. Post a pict of the panda we'll tell you if it needs grading lol. I love panda but at the price people want for them I would rather have a gold eagle.
Well looks like this thread is pointless now. The coin arrived in the mail today in pretty bad condition. The plastic from the mint is cracked and the rim of the coin is dented. I'm hoping the coin dealer will replace it. It looks worse in person than in the pics. Unfortunately I have to wait until Monday for them to be open. I am really having terrible luck with recent coin purchases....
I am not being crazy here right? After shipping and fees that coin was close to $100 over spot. I know a coin may not be perfect, but I didn't expect a dented rim and a rip in the "sealed" holder from the mint
