I know the obvious answer would be that Collectors prefer graded coins to purchase but do collectors purchase at auctions that have not been graded?
Depends on what you collect. My main collecting focus is ancient coinage and when I win an auction lot that is slabbed, the first thing I do is release it from it´s tomb. After being lost to civilisation for millennia it needs to be free.
If I were buying a 1909 VDB for a type set, I would get a raw coin. If I were getting a 1909 S VDB, I would buy slabbed.
I think in general high value coins and commonly faked coins are often preferred slabbed. But, I collect German States coinage and there's aren't a ton of them slabbed compared to US coinage, so I often buy them raw. Of course it is important to buy from a reputable source and also know the area you're collecting.
I differ on the subject. I prefer whatever coin fits my collection, graded or not as long as the seller is a Guarantee.
Well I think on CT some sort of see that or I would hope they thought of me being legit! Thank y’all!
Certification has almost become a requirement for higher priced U.S. coins because of the counterfeit problem and the “micro grading standards” which can make huge differences in price. These days, if you see an expensive U.S. coin outside of a holder, my first thought is, “Why isn’t it certified? What’s wrong with it?” For foreign coins, certification is less necessary, and many collectors of ancient coins prefer them raw. The two comments I would give to beginners in the ancient coin field is that you have to concerned about counterfeits, and NGC does a very good job with their authentication and grading.
For coins valued less than - I'm going to throw out a figure of $150, and that may be low - you may not raise the selling price enough to recapture the certification fees. A $30 coin isn't worth certifying no matter how old it is.
The only reason to get a cheap coin certified is some for your ego, or if you are playing the registry game, put it up on your on-line collection. It seems like the grading services have stopped with the cheap, bulk grading deals. In the old days dealers would send in hundreds of modern coins to get them certified. They made their money on the PR-70 graded pieces and the MS-68+ Mint State coins. They would blow the others off for $10 to $20. I don't see the "blow off" coins offered any more. I used to buy them to make my registry type set complete. Now you have to pay $50 or more for them. It's not worth it. I refuse to pay $65 for something that is worth $10.
Yes… I have two from 1800s but I do not think they will want to send in. In my eyes, and who am I, lol, but they look pretty good. I have them on other threads. Thank you!
