How much does a PCGS grade add to a coins value?

Some dealers may be dishonest but most are not, in my opinion. They are in business ti make a living and have to buy at a price that will make them a profit. One may feel they are being screwed when comparing what they are being offered relative to what it is going to be sold for.

 

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So you think a dealer offering 80% of full retail is "screwing us"?

 

Oops. The topic of this post was not debating our philosophies on coin dealers, but how much slabs increase the value of coins. I apologize for digressing.

 

CAC stickered coins are worth the effort, but it does not add value to the coin (itself). It adds value to the purchase or resale of the coin in the slab. CAC has real and perceived standards that the coin in the slab is solidly and accurately graded, and the knowledge that only a lowish number of coins submitted for CAC will get the bean. So there is that to consider. People pay premiums for many things and sometimes by a fluke. Some coins will gain more money because they are slabbed and you can say the coin has more value, but in actuality, the increased value is in the appraisal of the coin by TPG's.

 

The point is that people should learn for themselves how illiquid their "investments" are. It is entirely possible to walk up to every dealer at a coin show with ten slabbed key date coins and ask them to name their own price for anything they want and have NONE of them offer to buy anything at any price. I did that when I was offered an entire library of history, coin and token books that I wanted and needed to raise cash quickly. I managed to sell enough junk silver and antiques to raise what I needed but I will never purchase a key date again in or out of a slab. My point that you claimed to miss is that people should learn what to expect when selling before they buy. No one goes all the way through
their entire life without ever having to raise money quickly at some point.

 

Lucky you...I bet the usa treasury would like to meet you with your thoughts of counterfeiting...lol

BTW, If everythingis worth counterfeiting then how much for a Mona Lisa Painting painted by Leonardo Da Vinci or The Weeping Woman by Picasso???

Here is my Picasso look alike...How much you think that is worth...lol

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Unfortunately these newies coming into the market have not had the experience
and are just following what they have been told by their elders.... As i have said before, it is much better to buy a lower grade if it is just to go into an album. If it is for resale in the future to a dealer, then buy it slabbed as a fellow collector will not p

 

How come no reply???

 

Read it properly..... Who in these days can afford top graded items??? Maybe Bill Gates and the like???

 

(looks around frantically)

Come on, guys! Who's on the duty roster? @oz_in_ohio hasn't had a response to his post yet, and it's been a full minute!!!

 

Ok then, I'm a Monet man myself.

 

I prefer Norman Rockwell myself.

 

Thank you all for your input. It's all very interesting and valuable info. I have no heirs, so passing them along isn't an option. Yes, I am fairly new at collecting and I sure love it. The history and research I do on each coin I purchase is fascinating. How I am looking at it is totally adding to it as finances permit and enjoying my collection and hopefully in 20 years I'll be able to resell for a bit of a profit or at the very least recoup my initial investments. In the mean time, it's an incredibly addicting hobby and a whole lot of fun!

 

I do not believe one has to spend the unecessy money on PCGS slabbed coins because if you are a person like me that has been in the hobby for over 50 years, you already have that knowledge...Just learn the high points of the coin and go from there.

 

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Just remember there are 3 facets to the hobby.....

1 Collecting which means condition does not really play the most important part than having the date or space filled in the book

2. INVESTING which means you do not want the majority of items minted but the low mintage coins such as a 1911s and a 1912 s wheat penny for example. Try ans zero into 5 - 8 dates of mixed denominations at the maximum and buy them in any condition as there will be people that collect BU and VG

3. BUYING TO ONLY EARN MONEY...Do not get in love with your items as you only want them for capital gain and nothing else....Does not matter how much profit you earn as nobody went broke making any sort of profit.

 

Speaking as a retired coin and stamp dealer from Australia ( 1977 - 2011 ) , there is no way in the world that any dealer will buy at 80% unless they can flick it off immediately with a local phone call....Reasoning is as follws:
1. Wages to pay himself or herself and staff
2. Rent on premises , phone and business advertising
3. The running of a company car if applicable
4. Rent of stalls if attending collectibles shows , lunches for workers, air fares
if coming from interstate, acomodation expenses etc etc etc.

All these cannot be paid and make a profit on 20% markup...Buying price tht i have experienced is approx 40 % - 60% of retail if buying singl items....If it is a huge mixed collection, then it may go much less as dealers have to pay staff to do all the
research and there is a possiblity of no gems in there..... Personally i attended stamp and coin shows in Australia and i sold on my table nothing over $1 or any 12 items for $10.00..... The other dealers did not like it as collectors in general are parasites and only go for cheap prices...The item can be of no value at all to them and not what they collect but when they see an item priced at $.50 in the $1 bin, they cannot help themselves....I know you people out there are going to disagree with me but you know for a fact it is true....Have a nice day...OIO

 

Generally I agree with you. However, if someone brought in a slabbed $100k+ coin that I knew I could sell at full value and make 20k+ then I'd jump at it in a heartbeat.

 

About 12 years ago, i was the largest holder of the Australian 1933 shilling in all different gradings.... As only 220,000 were minted, a lot of them were melted into bullion so that figure is kind of wrong..... In all my years since school, i invested into 1915 and 1918 australian halfpennies, 1946 and 1925 pennies, 1915 threepence, 1918 and 1935 sixpence , 1915h , 1915 and 1933 shillings and lastly all 2 shi

That price should have read $12.50 and not $.50

 

Yes but we are not talking about the person with thousands of dollars to waste,,,this is for the upcoming newbies and general collector..... Not all of us has $100k to waste on a collectible but some of us do have $100 or so.... Take your views down about 7 steps and look at it as a collector and not an investor...I am like you as i bought my first house for cash with stamps and coins i invested in from my school years...Can you imagine that???...Buying a house before i was 25 with no mortgage attached and i never finished school???

 

Actually, I could imagine it after the first three times you told us about it.