When you folks decide to crack a proof coin out of the proof slab and send it to be graded? Only when you think you've got a 69 or 70 on your hands based on your own assessment? I can understand grading older coins to get an idea of their value, but I can never figure out when you make the call to have something like a commemorative coin sent out for slabbing...unless some folks just do that for all their coins as a matter of course? -ajh
Protection, display, authentication, certification, liquidation...are pretty much reasons why collectors may slab ANY coin. Me...I have seen 69 coins and 70 coins from both PCGS and NGC and both grades look almost exactly alike. But that is the problem...my opinion doesn't mean squat to anybody else what the coin is, but if that same coin is encased in a plastic housing with PCGS or NGC on it, then pretty much anybody will now know what I have and will NOT have to take me for my word. Especially when you can't see nor hold the coin (i.e., eBay)
eddie: I never consider having modern proofs graded, it isn't worth the cost of slabbing to me. Occassionally, I will buy one already slabbed, but usually for a quick turn over, and profit.