Dominion Grading Service

There may only be a few people here who will know who I am talking about, but David Lawrence coins once had a grading service. I have a small group of coins in these holders (nothing worth over $500).
I have been homoginizing my collection so my heirs will not have to deal with multiple grading services. Here is my question:
Do you think these holders should be preserved? Coin collecting history, interesting to a certain type of collector, or holder collector etc.
I ask because these coins will be sold in a future date thru Great Collections; which would mean having them reslabbed.
Any feedback welcome. James

 

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Leave alone until time to submit to GC and let GC take it from there.

There are some Dominion Slabs and certain pieces that have a monetary advantage by remaining as originally Graded, but GC is quite capable of reviewing and advising you.

 

@charley
I've sent DGS coins to GC and they won't sell them.
I still have one, a cud I found in change.

 

There's certainly a market for slabs. Blanchard, Hannes Tulving, etc. have a small collector base, but some of these may command a premium from them.

 

The answer is available by telephoning 1-800-442-6467 or 949-679-4180.
I am certain GC will answer, with the consigner's interest paramount, good or bad.

 

Welcome back @charley

 

That is a very kind of you.

I usually succeed in displeasing, although I try hard to limit my presence to simply being annoying, so I am grateful to be welcomed at all.

 

Probably not worth your costs to re-slab them. There is a market for slabs. Before you send them to an auction house call them first and see if they will take them. You also might want to contact David Lawrence Coins.

 

No G.C. won't. That is why they would have to be reslabbed by G.C. before sale.

 

@Collecting Nut. I would use the cheapest re slab option thru G. C.

 

That still adds a cost to you and less for your heirs. I’d look for options that do not add to what you already have into them.

 

@Collecting Nut . The problem you have is that even quality coins are going to be discounted because there seems to be no after market for this holder. Note. So far not one person commented that they "liked" these holders. Which is why i posted to see if their would be such a response.
I can tell you that The person at David Lawrence is quite emphatic about how tragic it would be to lose these holders.
Then says David Lawrence does not hold on to or collect coins so at best they would be interested in selling them and would treat them like any other off market holder. Which I would take to mean discounted.
The coins have around a $2,500 value even in an ANAC holder and would cost around $60 dollars to re slab. A 2% cost is nominal and not much different than bringing some raw coins to market.
I have about 6 months to a year before I will be making a final decision. My skills at taking photos will have to improve markedly though if the personal sale route is going to be viable. james

 

Best wishes on what you decide to do. The price for re-slabbing them seems low to me but it can do it at that price it may be worth it.

 

The cost is confirmed by G.C. but it does add a significant amount of time to the actual sales process. Thanks for the best wishes. Fortunately I am not in must sell situation so I have a little while to study things. james

 

Good to hear that time is on your side. So many mistakes are made when we are rushed or feel pressured.

 

Tell me about it.
Oh, sorry. Different subject matter.

 

Short-lived grading service operated from April 2008 to August 5, 2010.
https://coinweek.com/dominion-grading-service-a-defunct-coin-grading-company/

DLRC bought the PCI assets and rebranded because the PCI name was so toxic.

https://www.coincommunity.com/forum/topic.asp?TOPIC_ID=65529

After DLRC closed it and resold the assets, it actually got WORSE:

https://coinweek.com/coin-dealer-pci-hit-for-nearly-2-million-under-federal-racketeering-laws/

 

These slabs can have a small premium, especially for common coins. That premium is mostly driven by people that like to collect an example of each slab. Unfortunately they are not super popular or uncommon so that is part of the reason for the small premium. And when you get above a certain price, the premium disappears completely. I think it's an important slab to have if someone is doing a slab set or a PCI-related subset. I also have seen some fairly graded coins in those slabs.

I would let GC help you out with where each slab should go-Anacs, NGC, or PCGS. If they think all should go to Anacs and it is around the $60 cost you mentioned, that seems acceptable if it helps bring in about 2,500. You might be able to do a bit better selling them yourself in the DGS holders but my guess is that the effort, time, and potential issues might not make it worthwhile (even if you leave a few hundred on the table in the end, it will be a smoother process).

And if you do get around to taking photos, some of us here might be able to comment more about which coins could have a premium (including if they would do better in the DGS slab or regraded by another grading company).

 

Denis has IMNSHO the right of it. Limited market as is, and mostly of lower value coins for the buy the holder not the coin crowd (all six of us).

I'm that collector, but I already have a couple DGS examples, and so I'd only be interested in

/a/ a sample I don't already have
/b/ 1959 coins
/c/ a three cent silver

You could first list them in one of the BST sections (even w/o photos) and see if there is any interest. That is a low cost to you option.

 

My DGS coins are:
1828 Bust Half XF 45
1838 bust Half XF 45
1839 Seated Half VF 35 With Drap.
1867 Seated Half XF 40
1874 Seated Half VF 35
1875-cc Seated Half VF 35
In my opinion the Bust Halves and the 1867 are on grade.
The 1839 will come back as a 40 and the last two are slightly over graded and will come back as low grade 20's.
Just my opinion of course, people are surprised by grading results all the time. James