why a graded coin is more expensive?

Will reply later to your inbox. Now I have class

Besides, this has nothing to do with coins now.

 

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So the stupid, lazy, non-understanding people can take another person's view and maybe then they can learn the crack out game too.....just an opinion...to me its just a gimmick/novelty....just like having your cerified coin certified they are graded correctly..sorry for venting

 

Slabs.......

So the stupid, lazy, non-understanding people can take another person's view and maybe then they can learn the crack out game too.....just an opinion...to me its just a gimmick/novelty....just like having your cerified coin certified they are graded correctly..sorry for venting

 

I think PCGS should probably be given more credit than "another person's view". I think their grades are certainly some of the best to learn from, of course with mild mistakes now and then, but I would think pretty spot on most of the time.

And you are all forgetting something, slabbed coins don't decrease in value. You pay a little extra now, you are going to get it back in the end. What's the problem? With a high end coin, I am not trusting my judgement, I'm too cynical.

 

Oooh, a conspiracy theorist. You do realize that you just called over 90% of the coin collecting community stupid, lazy, and non-understanding. Are you including yourself in that group or are you among the elite that can grade coins with incredible accuracy and consistency? Saying that it is just an opinion doesn't make it any less offensive, IMO.

The opinion of a TPG is not a gimmick; it is an professional opinion that is more often than not, correct. Re-read my initial post. Most coin collectors can accurately grade a coin with in a 3 grade range, but they can't accurately hit the actual grade. The TPG's take away the guessing game that causes conflict between buyers and sellers and provides stability in the marketplace. Slab coins don't cost more than raw coins, buyers are simply unwilling to believe the grade assigned to the raw coin by the dealer thus driving the price down.

 

Perhaps not, but they definitely are much more easily sold. That being said, slabbed coins are without doubt a quicker way to liquidate should that desire arise. I don't like paying the extra money to slab, but there are perks!

 

The subject of more than wonderful
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People outside the USA can get their coins graded. What made you think they can't ?

 

Make sure you're not comparing apples to oranges. When you say "in the same grade", be careful.

With the US series, raw coins have a much worse "accurate grading" track record. A typical coin show will commonly list a cleaned VF30 coin as XF45.

Comparing a slabbed XF45 with the overgraded "XF45" raw coin is comparing apples to oranges. Sure, the slab will be pricier. As it should be.

 

If the coins are the same date M/M and allegedly the same grade, then they are apples. To compare apples to oranges is to compare differing things, if you leave grading aside for argument's sake, these two things are the same.

I strongly disagree. If a raw coin truly grades XF-45 and a slabbed coin of the same date and M/M are compared, they should cost the same, it is the perceived value in the marketplace for the slab that makes it sell at a premium, NOT the coin.

One thing said over and over here throughout the years is this: Buy the coin, not the slab. With all due respect, .900, I think you are doing exactly that. In your example the raw coin is overgraded and therefore NOT a fair comparison. If the slabbed coin was overgraded, I would expect to pay more for the raw coin, but if we want to compare slabs to raw, let's compare the same coin.

 

Actually this is not quite true. A service has been paid for and performed, whether you see the need for it or not, an appraisal of sorts.
There is added value, perhaps not to you who is confident in his grading skills enough to identify the coin's grade without doubt. However, having the PCGS (for example) slab does allow those of us who are not completely proficient (and secure enough) in these matters to have the security that the coin is genuine and of a grade which has been verified by at least 3 experts. That is the added value. I would venture to guess there are a lot more of us in the general coin collecting world than there are of you.

I'll pay more for a slab any day, and if you check around, so will heaps of other people.

 

I'm pretty sure we're on the same page, Mike.

My apologies for making my point in a confusing manner.

My point was this : all coins, slabbed or raw, have a chance of being overgraded. Raw coins have a much, much poorer batting average in my personal experience.

I was comparing a properly graded slabbed XF45 with an overgraded problem raw coin described as XF45 by a coin show dealer, hence the Apples v. Oranges idea.

There's no doubt your assertion "Buy coin, not plastic" is rock solid. All agree. Even among "properly graded" slabs of the same grade, eye appeal varies greatly; retail sales price varies as well.

 

What's the difference? Perceived value _is_ the value, no?

The point here is: people in business abhor uncertainty. Uncertainty has its price. And, therefore, the certainty that a coin is indeed XF-45 is worth more than the somewhat-certain XF-45 -- even if both coins turn out to be XF-45.

(A little bit similar to, say, in finance: a $100 debt that's secured is worth more than a $100 unsecured debt, even though in many instances they both are worth exactly $100. But if you sell that debt to a stranger, he's prefer the secured debt, right?)

 

Initially, my point was to learn why a slabed coin can be worth even twice as a same graded coin, I´m surprised for the passion this uprised.

.900, if you live outside USA (or any country with grading services, as Europe), you have to send your coins by any type of mail or courier, most of them doesn´t accept this type of assets or you have to bring them with you, and maybe some customs can be very suspiciuos about it.

 

That is the beauty of a forum, you will find many opposing viewpoints, and yes, usually very passionately illustrated.

It's a great learning experience (at least for me!)

 

yo have the right to an opinion but china's economy will overtake the US soon their coin market wont. the economy is not all of it. a transperent market full of integrity, standards, and honest people is what makes the us what it is today

 

TPG's have their purpose. For us new collectors who at this point in time, are not very good at grading, a coin graded by a TPG is a good learning tool. Seeing what they grade a particular coin and then comparing it to raw coins can be of a grate help.
Another thing about TPG's is if you have a coin, that some will say is not one thing while others say it is, sending it off and getting it graded as such and such error can greatly settle this. I am speaking from first hand knowledge on this last aspect, as I have a coin in which some swore up and down, to the point of not listening to the vast number of experts who visit this site. When you get 3 or 4 people saying one thing and then 4 or 5 saying another it can get really confusing to some one new to the hobby. Sending this coin off to a TPG and getting it attributed and slabed helped settle this particular arguement, and also taught me as to what exactly to look for on this particular coin.


Dave

 

That's what I have been trying to say!!

(Nobody responds to my post because I am a newbie I guess)

 

But your concern was that this is unfair. I disagree.

Allegedly, some countries can't ship coins here. Whether that's true or not is irrelevant. If your local national policies prevent you from shipping, you should change local national policies. Western nations continually change to fit the needs.

In any event, what should western nations do ? "Oh-oh... Botswana can't ship coins here, and that's unfair to them. Let's not have TPGs until every nation can ship coins here." Unthinkable.

It's not a matter of fairness.

 

I'm late to this thread, but being a native son of the Golden West, how could I pass up commenting.

I've been to NYC and many other great cities in the U.S. and Europe. Regardless of the size or age of a locale, it has to fit your particular values.

For myself, any city has way too much concrete and asphalt. This, in itself would deter me from ever wanting to take up permanent residence in any of them. I gotta have trees, a wide vista of skies and at least one decent mountain range on the horizon.

Where I live, about 30 minutes from Seattle, has all of that (more actually two mountain ranges on the horizon, the Cascades to the East and the Olympics to the South). At home, I can charge out of my driveway on a bike ride and be on a scenic, uncrowded country road in 15 minutes. I would not want to live anywhere else.

With all due respect to urban dwellers, whether it's Seattle, Paris, or NYC they're all great places to visit, I just wouldn't want to live in any of them.