Slabbed coins at shows

That's about $600 in grading fees.

 

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The reason is actually very few collectors know how to grade, so they do not trust their abilities enough to offer more than a lowball price for a raw coin. Plus many of them are just lazy and have no desire to learn how to grade, so they’d prefer to just blindly buy the holders.

But the coins are raw, and there is no guarantee that the coins would grade the same upon resubmission because the TPGs can be inconsistent.

https://www.cointalk.com/threads/cr...oughts-on-the-dansco-7070-u-s-type-set.70588/

 

It's hard, isn't it, living in this modern age -- the first in recent history where adults have to deal with children and debt?

Not to get too personal, but how many future generations are you expecting to live to see? I mean, you're a bit older than me, and I'm not counting on living past 120 or so...

 

I hope to outlive my cats.

 

We, the Albuquerque Coin Club, have, to the best of my knowledge, the only Coin Shows in New Mexico. We have a show in the Spring and in the Fall (our Fall show is next weekend) with 85 dealer tables, I'd say most, if not all, have at least some slabbed coins for sale, the only exceptions are the 3 or 4 ancient dealers. I get coins slabbed if I have a question concerning their authenticity. As I posted before, I sent in to NGC two Lincoln Cents, a 1955 and 1972 DDO. The 1955, I had for a long time, the 1972 I had just obtained. To my great surprise, the 1955 came back as counterfeit, the 1972 as real. I called NGC concerning the 1955, I'm a fairly experienced collector and three dealer friends also passed it as being real. NGC said that that particular coin although counterfeit, was die cast and they knew the die markers to look for. They told me two, but said they really didn't want to tell all of them so that the conterfeiter would not correct them. I told them I had the coin from when I was a kid back in the 60s. They told me to send it back to them, but it came back a 2nd time as counterfeit. So getting coins slabbed, at least high end, is certainly worth the effort. Modern coins, unless for a registry set, are not worth getting graded. If you want to collect say a set of complete Silver Eagles graded, it's much less expensive to buy them already graded from one of the online companies. They get bulk rates for grading so you pay basically raw prices, from a top tier grading company, for a coin that is slightly above the raw price.

Sent from my Samsung Smartphone.

 

I always get a kick out of these doom and gloom know it all posts like somehow teenagers and college kids being more interested in partying and dating is something new.

 

Ya gotta lay off that stuff. Switch to 'Scotch'........

 

Actually, I usually drink scotch. I've got a full bottle of Famous Grouse just waiting for me to open it.

 

I dont get a kick out of as it is fact...These kids dont know a thing about our hobby and for all we know, they are too busy getting drunk.

 

Lol what an insightful post. Thank you for that massive laugh

 

Maybe 2 generations with my kids included...However those generations are a waste of time and energy unless a cell phone will be included...Personally i sell my stuff off or melt my gold and silver just to have spending money...Why should we care about the future ( so called ) collectors , when they are not interested....I use all my stamps on packages instead of paying more money at the post office and liquidated all my banknotes before i left Australia to migrate to the states in 2011.... We managed to buy a 2011 Chevrolet Cruize outright ( for cash ) with what i sold my banknote collection for.. At least they were not wated giving to my kids...Have a nice day

 

You are welcome to laugh but when the younger part of your family gets hold of your collections and sells it off for just about nothing or just spends them on groceries, i will say i told you so...Laughing back at you now...Have a nice day

 

The ignorance is strong tonight

 

Just remember where the Famous Grouse will eventually end up...Therefore in my eyes that Famous Grouse is the same as water...Ends up in the same spot...lol

 

No ignorance here....Just a retired stamp and coin dealer from 1977 to 2011 ( 34+ years ) seeing the lack of interest in the younger generations since mid 80's to now and most likely will be the future....

 

Same thing said about your generation from previous ones. Being surprised that teenagers dont have the means or interest in something and not understanding they get older and interests change yea well........

 

I tend to disagree with you as the raw coin collectors are the future of our hobby as they have to start somewhere...Anyone can buy a slabbed coin which has had the work done for you but it takes a lot of study on how to grade a coin. Grading terms attached...When i went to shows, i made sure i sold nothing over $1....That was affordable to everyone and the fact a tip in a restaurant is more than that, i feel i was not charging too much...How many of these dealers selling slabbed items ever went home with an almost empty car???

 

lol

 

Glad you approve ...( in a very condescending tone )

 

Dont despair. These things run in cycles. What’s popular today will be out tomorrow. What’s old will one day be new again. I’m always talking about my finds and working on my collection. My son is always asking if I found anything good in my hunting and I always show him what I’ve found. He even spends cash so he can give me his change believe it or not and I’ve found more than a few things that I was looking for ( like a 1950 Jefferson nickel). Now that he has some interest I’m talking more about the hobby with him and I am telling him about how the collection was passed on to me from my parents and grandparents. My family was poor so for my grandparents to save a walking liberty or even a mercury dime was a big deal. Knowing that provenance will encourage him to embrace the hobby and continue with it once it’s passed on.