Do slabs add value to the coin?

I realize that there was an earlier thread on this topic, but I had not seen these. Take a look at the prices and figure out for yourself what slabs do to the pricing.

1911-S VF-30 = $56 1911-S
1913-S VF-20 = $52 1913-S
1924-D VG-10 = $46 1924-D
1924-D VF-30 = $122 1924-D

 

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Do slabs add value to the coin? No.

Are some people willing to pay more for slabbed coins, sometimes? Yes.

Does that mean they're worth more? No.

 

The way I look at it is that a slab coin give you a set grade which has a price set to that grade. If you are wanting to buy a coin and it is sladed it just takes the guess work out of the pricing. But you do have to consider the company that slad the coin.

I would not pay the price for these coins. This is just me, but I would only pay: 1911 S in VF 30 $40.00, 1913 S in VF 20 $24.00, 1924D in VG 10 $38.00, and 1924 D in VF 30 $60.00. This would be the very most I would pay.

But these prices you have here are on ebay which is a seller market and are almost always higher then what you would pay at a shop or a show.

 

PCGS Slabs establish the grade and authenticity of the coin in question. To me, that adds a premium to a coin that I don't mind paying.

 

time to open up the bag of worms
I think slabs do add value because they are guarenteed. not to mention when have you ever seen a raw coin that is identical to a slab coin for cheaper. silver eagles are the perfect example.
I do not own any slabs thou

 

In short, "NO".

But IMO lack of a slab subtracts value from a coin.
Unless I have the raw coin in hand AND know what to look for, I don't pay full catalog or even CDN.

The difference may be fussing with semantics a bit, but nevertheless it's valid.
Full catalog belongs to coins that are authentic and properly graded.
Slabbing goes a long way to ensuring that.

 

Everyone knows slabs mean quality...

Knowledgeable collectors are also usually very frugal collectors who've been collecting for a long time and know the tricks and pitfalls of the hobby. While newer collectors know little about the intricacies of the hobby, they do however have (in many instances) vastly more money and rely on others to point them in the direction they are told is correct with the mindset that, "money always buys quality..." Sadly, this was quickly figured out by the TPGs and with a few clicks of plastic, VOLA... More Valuable Coins On Demand...

I predict that just like the Dot Com bubble burst a few years ago, so shall the TPG bubble burst. That time is rapidly approaching...

Take Care
Ben

 

slabs add value to a coin, if you're a sucker, a guarantee doesn't mean anything, and even the top graders have been known to slab fakes and misattribute coins in their holders. Not on purpose mind you, completely by accident, but do not consider a coin in a top tier tpg to be above reproach. The coin is the only thing I look at and the only thing I am willing to pay for. Have I let coins get away because of this, yes. But I am not willing to let others eyes do my work, and let my experience rest so they can tell me what they think the grade is and oh by the way the coin is now worth more since we put it in our plastic so shell out some extra dough for this coin, you know it is authentic. I can look up the diagnostics of certain coins and tell if it is a counterfeit or not. I can grade for myself. I can put my coins in a pvc free flip, or 2x2 or a nice Dansco shelf album.
And yes, I do own some slabbed coins, only because they came that way. Not because I wanted the slab, but because I wanted the coins. I didn't pay extra for them either.

 

Wow - I agree with several of these posts. No a slab does not add value, but I am willing to pay a little premium. At the same time I do believe you buy the coin and not the holder. Now I am talking reputable slabs only - PCGS, NGC, ANACs and maybe ICG. I do not see a burst in the top 4 TPG'ers. I will admit it does make easier for me to do my home work. With Heritage and Ebay I can see what the coins are going for at the slabbed grade and with good pictures I can compare quality of coin to. Not on Ebay I never buy a coin that has bad pictures - even if it is a PCGS or NGC graded coin. As mentioned not all coins at the assigned grade have eye appeal.

 

If a particular coin sells for more money in a slab than it would have without the slab, it means that the slab has added value, period. And don't kid yourselves, whether you think that should be the case or not, that very thing happens countless times every day. As just one major example, look at the insane prices of high grade slabbed/certified U.S. Mint products (which are essentially bullion) compared to what they sell for if they aren't slabbed.

 

:thumb:

 

slab coin

slab coins are scam. originally, they slab older coins. now all good older coins were mostly slabbed. so the business changed its course to slab anything currently produced. you can see paper money, postcards and stamps, baseball cards and others. wow. how can you collect coins for so many years and did not learn how to grade it. i don't buy slab coins. period.

p.s. another scam were the so called first day issue, first strike, and other first.

 

If anyone is willing to pay a premium for a slabbed coin over a raw coin, then the coin is more valuable, by definition. This is true even if it is only suckers or neophytes, as long as there are enough of them to increase the price. The guarantee is worth more to people who don't feel comfortable grading or authenticating the coin themselves, but I can't see how you can say it's worth nothing, when the top tier TPG's will reimburse a user for a misgraded or misauthenticated coin.

Would you send a valuable coin through the mail without insurance? The insurance doesn't add any value to the coin, but you're willing to pay for it.

 

ms 70

there were be no coin as perfect or ms70 or proof 70. that will be scam.

 

I believe that you are being unfair here. For example, PCGS doesn't claim that coins they grade MS70 are perfect. Instead, they state "....the PCGS grading standard for MS-70 requires flawless surfaces under 5x magnification".

 

But if the coin is fake and was graded by one of the top TPG that graded it would be responsiable for making good on the coin. So there is some good to slabs

 

YES and NO!

YES: If you are buying coins to have a 99% stable resellable item value. If you buy it at a common known book value at the time with intent to have it for some time. Then its worth a small premuim. Why if graded by a trusted company, you are paying for the safty of having a coin that is 99.7% correctly graded as well proven authentic and also in a safe storage to protect it.

N0: If you are collecting for the pure and simple pleasure of collecting rather then just investing.

Either way at the end of it all you are investing.

But understand that if a MS65 1881 morgan is slabbed and its sitting next to a MS65 1881 morgan unslabbed. they are both still the same thing. Just some one took the time to drop 15 to 30 dollars to insure its long term safty.

 

I agree that the TPG's don't make the claim, but dealers advertise MS70 and PF70 coins as "perfect" and they jack up the price accordingly.

 

Slabs add value to coins that people who don't know how, or don't wish to learn the grading of coins, wish to purchase. For the knowledgeable collector that pays a premium for a slab, it's just money wasted in my opinion. I do disagree with the common notion that TPG's are overgrading to inflate coin prices. What advantage to them would this provide? They don't charge by the grade.

Slabs have a purpose and a place. But you'll never see one in my collection.
Guy~

 

I thought companies like PCGS guaranty their coins so that if they slab a coin that turns out to be fake they'll buy it off you for what it was graded at?