What is considered slab worthy?

I see the only reason to get a coin graded and slabbed is if it is really valuable. However, I see a lot of graded coins that aren't that valuable. The cost of submission is more than the value of the coin

 

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You'll probably find that many of those coins came from dealers' bulk submissions. They're chasing the 70's and hope to have enough graded to offset the cost of the lower grades plus a profit.

Chris

 

Yeah sometimes Im not sure why people send certain coin in that have no extreme value. Its seems like they would lose money. The submission costs out way the profit that could be obtained by a high grade.

 

For me, here's a couple reasons to get a coin slabbed:

1. Uncertain if it's authentic or not.
2. Valuable, minimum of $100 value.

Those are the only reasons I would get a coin slabbed, but for the most part, I don't send my own coins to get slabbed.

 

I collect certified Roosevelt dimes, a series that has few truly valuable coins other than in extremely high mint state.
I am constantly on the lookout for certified clad MS examples and they are not easy to find, since few bother to get such low value coins slabbed.

 

I've got 4 comp. certificates for ANACS to get graded from a gift I received along with a ASE MS 70 ANACS. It was bought from HSN and given as a gift to me for Christmas.

What coins out of these would you guys reccomend sending to get graded? thanks.

-2011 Austrian Philharmonic,

-2011 China Panda,

-2012 Canadian Maple Leaf

-2012 Australia 1oz Silver Koala

-2012 American Silver Eagles (X5)

 

Any that you think are definite no questions asked 70's. Other than that, none of them, they are just bullion. Also be aware that more than likely several of your "no questions asked 70's" will not come back as 70's and you will have so much invested in them for shipping and insurance that silver would have to double for you to break even on the silver ones. Unless you got the coins as gifts.

 

Personally, I don't see any reason for any coin to be slabbed. Why pay for someone's opinion?

 

The lowest valued coin that I would submit would be a minimum of $100. After factoring in the cost of grading, shipping, and a slab.

 

Because in many cases, that other opinion is far more expert than the (often biased) opinion of the coin's owner. And it can add liquidity and/or value to the coin, by making it easier to sell, sometimes at a higher price.

 

In theory, what you say has merit. The reality of the situation is slabbing has been taken to "overkill" speed. Just look at how many 2012 ASEs are for sale on ebay and dealer sites. There is little, if any, reason to have modern bullion slabbed. Guess what? I got this MS70 2012 ASE for $95.00! Guess what? There is a POP of over a million of those, so guess what your coin is actually worth if you try to sell it to a dealer!

Coin slabbing has pretty much lost most of its integrity due to all of the superfluous grading. What began as a worthwhile and valuable endeavor has now become a money-making joke. The hobby needs less, not more, of it.

 

Yup, look at sports cards as an example. What was once a true hobby in my opinion was killed off by the inflation of professional grade cards that turned a kids hobby into a adult only business. Now other factors were involved I think as I collected when I was younger, around the mid 90s I stopped, when the card companies started catering more to adults with chase special insert cards and cards being professionally graded. I simply couldn't afford graded cards and well, the packs went from 15-20 cards at 50 cents to 4-8 cards at $2.00 or more. But overall, in my opinion, the professional grading of the cards is what primarily led it from a hobby to more business about making money.

 

This is the exact reason that the TPG's were formed since "the seller" ALWAYS has a higher opinion of the coin than "the buyer". Having a non-biased thrid party opinion was supposed to be the final word.

 

I disagree the grading has lost its integrity but I do agree the market has become slab-happy.
TPG authentication is an absolute must for valuable coins where the danger of counterfeiting, Chinese or otherwise, is possible or even likely.
Slabbing modern day clad issues is, IMO, a waste of money. I say that even though I buy slabbed clad MS Roosies. I don't mind letting someone else pay for the grading but I personally wouldn't send a clad Roosie into NGC for grading.

 

one of these days i am going to get my 1850-O Seated Liberty Quarter graded, i think it has a shot for f-12. i just want it to be protected and certified. thats the only coin i want to get graded that i have tho.

 

True but like treehugger mentioned, when you have dozens of grading companies out there that would likely all grade it differently at times by their own grading rules, we can assume they're basing their grades on their own opinions as well.

I might say my wife is a perfect 10 while the rest of the world thinks she's a 5, even perhaps professional judges on beauty. It all comes back as opinion really and perfection is in the eye of the holder.

Also, I wouldn't lay claim that the seller always has a higher opinion unless they're just out to make more money. There are still honest people out there. I don't sell coins but I tend to criticize my coins way too much and grade them lower than what others actually would grade them at. I've had coins where I said were only AU or lower while someone else was trying to say it was MS quality.

 

This is a great thread. Subjects like this that aren't about an opinion on a certain coin really get the mind thinking. I would love to throw in a comment here, but you guys have so much of a better perspective on this than I/new collectors. We did not see the evolution of slabs.

 

For what it's worth, I think the "newest" coin in Mark's inventory is 70+ years old.

Chris

 

And instead we get the crackout game, crossovers, and fourth party graders to pass judgement on the unbiased third party graders.

The only person who opinion on the grade matters is the person buying the coin. Doesn't matter what the seller calls it, doesn't matter what the TPG calls it, doesn't matter whether or not a fourth party agrees with the TPG, if it doesn't grade to my standard or isn't fairly priced for what I feel the grade is I'm not buying it.

 

I think the seller's opinion matters, too, because if it's too optimistic (and the coin priced too high, as a result), it wont sell.