Should I slab my error's!!

Discussion in 'Error Coins' started by schatzy, Nov 8, 2009.

  1. schatzy

    schatzy ~Roosie Fanatic~

    Well I have spent lots of weeks thinking about getting my 1983 Error set graded.
    I have about 50 coins so far and I only have 2 coins graded so far.
    The 1983 NoS Roosevelt and a Jefferson Cud.

    Here is a few of the coins from my collection

    Struck thru a capped die
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  3. jcuve

    jcuve Lincoln variety fanatic

    Nice collection of errors!
    Slabbing? Maybe the die cap and the double struck coins as long as there aren't weird condition issues (e.g., cleaning), but maybe not the off-center ones as they are more common. Pick a dollar amount in value and slab anything higher than that. I suggest ANACS.

    Good luck!
     
  4. schatzy

    schatzy ~Roosie Fanatic~

    Thanks!! but I will never use ANACS, all would be graded by NGC
     
  5. schatzy

    schatzy ~Roosie Fanatic~

  6. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    IMO I don't think grading them adds anything except a nice holder to those coins. I wouldn't.
     
  7. jello

    jello Not Expert★NormL®

    I agree:thumb: plus it your cash and 1982-83 are key years that the mint did not offer mint set
     
  8. foundinrolls

    foundinrolls Roll Searching Enthusiast

    I wouldn't spend any money to slab them. They are easily identifiable error coins. The slabbing would cost more than some of the coins are worth.

    Thanks,
    Bill
     
  9. redwin117

    redwin117 Junior Member

    Yes You should slab or certified your ERROR Coin by one of the Experts Grading Company certifying ERROR coins.
     
  10. fretboard

    fretboard Defender of Old Coinage!

    If the 1983 no S is a proof then yes you should have that one graded. That particular coin may bring good money some day so you would need to be prepared. As far as the other coins, I wouldn't have them graded. :secret:

    http://www.liveauctioneers.com/item/5776571
     
  11. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I wouldn't slab them if it were me. I don't think slabbing increases the value any and the errors are easy to identify so they don't need to be certified as to what they are. I would spend the slabbing fees on other coins.
     
  12. schatzy

    schatzy ~Roosie Fanatic~

    That one is graded by NGC PF69UC.
     
  13. schatzy

    schatzy ~Roosie Fanatic~


    I don't know if is because they didn't make a unc mint set that year but the 1983 coins always bring better money when they are graded, hence why I always buy them raw.
     
  14. 900fine

    900fine doggone it people like me

    What do error collectors as a group think about slabs ?

    Certain areas of the hobby, taken as groups, prefer raw coins - notably ancients and early American copper - even if the coins are quite valuable.

    Others strongly prefer slabbed coins.

    Also... what is the estimated value of these coins ? I'm not an error man, so I can't say. Unless they're pretty valuable (say, >$300) I would not slab 'em.
     
  15. CamaroDMD

    CamaroDMD [Insert Clever Title]

    I think it's more based on the supply...not necessarily the slabbing of the coin. As you already said, no mint sets were made that year so all the coins must come basically from circulation issues. So, the supply of nice examples is much lower. Thus, a higher percent of the nicer coins are slabbed from 1983 which is why you see a premium for the slabbed coins...not because the slab increases the value but because they are just rarer to be found in higher grades (which is why they were slabbed in the first place). But, if you found a raw example that is the same grade as a slabbed coin...it won't sell for much of a difference in price, at least not to an educated collector.
     
  16. milkman

    milkman New Member

    Just leave them raw i would instead of making the grading companys rich
    Alex
     
  17. coolcat

    coolcat New Member

    My daddy puts all of his coins in a slab he says there protected when you do that and certified guarantees them when you sale to to a dealer they can take your money if there not slabbed a good idea to do it to slab them it's smart to slab them and keep them fresh in the case too some dealers steal from you.
    BOB
     
  18. rockdude

    rockdude Coin Collector

    Does he send them out or by what you said it sounds like he's got slabs.
     
  19. coolcat

    coolcat New Member

    No my Daddy has slabbed coins and he told me to slab them the ones that are worth slabbing is that the correct way?
     
  20. rockdude

    rockdude Coin Collector

    Is he willing to share some of those on this site?
     
  21. foundinrolls

    foundinrolls Roll Searching Enthusiast

    I wouldn't pay 20.00 or more for a slabbed, off center struck Lincoln when raw they go for 2 to 3 bucks. As another example, slabbing the nickel cud was a money loser. You won't get more for it in the holder because it's in a slab.

    A lot depends on the economics of the issue.

    The 1983 "NO S" proof dime is definitely worth slabbing.

    Slabbing some errors or die varieties is like putting a machine doubled cent in a cardboard 2X2...It's not worth the price of the 2X2 and the staples.

    Why slab a coin if it is an instant financial loss, unless you like the plastic?

    Just my humble opinion.

    Thanks,
    Bill



    Thanks,
    Bill
     
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