Slabbed Coins vs Raw for bullion

Hey Guys,

I'm curious if anyone does this. I like to buy only silver and gold eagles. My thoughts behind this are that they are less likely to be counterfeited than generic rounds or bars. Also, even if the dollar collapses, US coins are going to be trusted more than anything else. IMHO


I also take it a step further and buy slabbed gold eagles. I feel if things really get bad it may offer a little more assurance that they are authentic. I only buy the MS-69 slabbed coins because I'm not buying for numismatic reasons. Many times the premium is not that bad. Besides, these slabbed MS-69/MS-70 current coins are a dime a dozen in my opinion, and I always thought were silly from a numismatic point of view, at least as far as the eagles are concerned.

Does anybody else do this? Or am I wasting my money?

 

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Others have the same thinking as you. If for a few more dollars you get a slabbed gold eagle that is authenticated, you have peace of mind. However I don't see too many fake eagles (silver or gold) but still its a good way to think.

 

I'm glad to see that you're not falling for the "Gotta have a 70" malarkey.

Chris

 

I too only buy slabbed gold. But 70s only. I know this isnt a generally accepted investment strategy however I am extremely disciplined in my gold purchases. I snipe them for 69 prices. And not just any random year/mintmark. So far I have been able to snag between 3-5 each of the lowest mintage in 1/10, 1/4 and 1/2oz of the bullion, proof and burnished eagles in MS/PR 70 for a few dollars ($25-45) over spot. Youre not going to buy quantity in this method, but you will feel good knowing you didn't pay through the nose and that it is a 70 for resale in addition to the authentic/anti-counterfeit aspect.

 

I like to feel the bullion in my hand, I love the way it feels in my fingers and palm...hmmmmm

 

i would buy the silver raw and gold slabbed

 

I don't like paying a premium for slabbed gold bullion. In 20 years it will be worth what the price of gold is either way (in my opinion) with the current mintages. Buy from a reputable dealer and you should not have to worry about counterfeits.

If you are buying for numismatic purposes thats a different story. But for gold as an investment, I prefer raw.

 

I too like slabbed gold and silver. If you look long and hard enough you can get an ms69 for around the same price as a raw coin. Can't beat that as far as I'm concerned.

 

Ha, yeah, I don't like anything getting between me and my bullion

(I do have a few slabbed coins though)

 

If you're collecting for investment purposes and feel the need to buy the slab (as this gives you more peace of mind) then by all means do so. I've never felt the need to do this because I believe bullion will sell for bullion prices down the road...........

 

Baby I like it raw. LOL

 

i like the song...but not the message pertaining to my coins....baby come on baby baby come on

 

Hotpocket said it very well - I have never felt the need to buy slabbed silver bullion coins or rounds unless its some totally unique proof or really a low mintage coin. Think about all the silver you could be stacking by saving the cost paid for the MS69 or 70 slab.

 

I agree with what some have already said about steering clear of the premiums with graded bullion. I will pick it up if it`s cheap enough..... and if You want the piece of mind of knowing that the coin is legit.....by all means go graded. However, be aware that many dealers don`t pay nearly the premiums on either 69s or 70s should You choose to sell them.

 

Depends on the value. I wouldn't bother spending extra on one ounce of silver. If I'm dropping close to $1500 on an ounce of gold or platinum, the extra few bucks seems worth it to me so I can more easily move it in the future.

 

Thanks everybody. I actually buy from reputable dealers, so I'm not worried about counterfeit coins too much in that regard. However, I do feel being slabbed may help me to sell them more easily than a raw coin in a dire situation.

I know some people are worried about gold confiscation as well, but I'm not so sure that will happen since so few people actually own gold, or silver for that matter. I personally only know two people who actually hold gold and silver. It's not like the 30's where it was actual currency, and everybody had some.

That being said, I'm not completely blind, and would never say never. I believe collectible coins were exempt from the last confiscation. Being slabbed may be a way around it if that should come to pass.

 

I buy both slabbed and raw bullion. Depends on what I find while poking around the internet. I have confidence in the US and don't worry about the dollar collapsing ever.

 

Or you could just bury them in your backyard and ignore the government impose confiscation.

 

I hope that's sarcasm. I believe the reason it could, and most likely will at some point, is because so many people just don't believe it ever could. Russia, China and Japan could crush the dollar. Some argue that it's not in their best interest, but don't underestimate political motivation vs financial motivation. We allowed this to happen. The dollar is a bubble to end all bubbles. Perhaps you see something I don't. I wish I saw it differently, but we are in a mess that is virtually impossible to get out of without A LOT of pain. Pain that the politicians, and quite frankly, the people, won't allow to happen. As we kick this can further down the road, collapse of the dollar is not only possible, it's inevitable. I personally fear we have already passed the point of no return. If you are buying gold and silver, deep down you know this is a very real possibility.

 

It's not sarcasm. It's a bit condescending to suggest my opinion is sarcasm.
It would be like if I questioned what kind of education and background you have in economics and monetary policy and that you might have just absorbed too much doomsday propaganda.