slabbed price is LOWER ?

Yes, that's true. You're not "splitting hairs" - an important clarification. Thanks !

 

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In today's world of modern stuff that people want in a 70 grade it happens all the time. I see it often believe me. Not in the older coins that are proven but the modern stuff.

My coworker and I have been drilling this into the boss' head for some time and it's starting to take hold albeit slowly.

Case in point. We just put a bunch of NGC MS69 silver eagles on ebay. Many went for LESS than what he could get for them at the shop. So he's not only got the cost of the coin involved but a slabbing fee and ebay fees. One went for $18. Well, he could have gotten $22 at the shop without a slab or the hassle.
People are looking for the 70 and to me that's a joke. I started a thread some time ago asking who could tell the difference between a 69 and a 70. Most can't. I know I can't they all look 69 to me.

Modern stuff and slabbing is a waste of time to me for the most part. I suppose I should make that clear. If one has an extraordinary coin from a mint set that may garner a 67 or better it may be worth slabbing.
Mass produced bullion coins and proofs are a waste to me. The 70 is nothing but a number that is one number higher than a 69 and people pay stupid money for it. For this reason a 69 is "garbage" and many people would rather buy raw, send it in and hope for a 70.

PCGS and NGC create the "rarity" of the MS and PR 70 coins. People are really sucked into this and all by one little number.

 

Never knew about those. Cool!

 

.......the point i want to make with the stickers, where does it end? i look at the tpg's as umpires for grading. i guess the CAC people are the 'let's go to the video tape' guys. what's next? a computer that trumps the CAC! YIKES!

 

As with so many other things, it ends when consumers say they're not interested. That's why these things end... at least for a while.

 

I am suprised that someone hasn't mentioned the single biggest thing that would lower a coins value if slabbed........................three little letters.........................S...G...S. :kewl:

 

I try to stay away from that when discussing LEGITIMATELY (and that's even questionable) slabbed coins.

 

I have zero interest or financial stake in CAC coins, and not one is for sale on my website, so this is an absolute unbiased opinion.

One thing for sure. You will NOT get an overgraded coin in a CAC stickered coin, you will NOT get a doctored coin, you will NOT get an artificially toned coin in a CAC holder. You wil not get a class C coin in a CAC holder.

Look at my site, I posted 2 TWO overgraded PCGS and NGC coins tonight. They are sold as such and priced accordingly.

I have only sold 4 CAC coins. Every one of them I would love to buy back.
Same with an Eagle Eye photoseal coin.

top notch in my book.

 

I totally agree. MS/PR 69 and 70 have almost no noticeable difference to the naked eye.

I really don't see a point in having coins graded that aren't meant to circulate. As far as I'm concerned, bullion is intended to be an investment.

 

When NGC first started slabbing (Civil War) tokens, it seemed that exonumia collectors largely chose to avoid them, myself included. I think we all hoped they would pack their bags and disappear, but sadly, that did not happen. For perhaps the first month or so that NGC cwt slabs appeared on ebay (most of which were MS grades and offered by the same seller), between a quarter to half of them (depending upon the day auctions ended) could not even attract the $.01 opening bid. Seems like that was sending a pretty clear message IMO. Similar raw examples on ebay at that same time were often selling for hundreds of dollars. Some prominent exonumia societies have even petitioned the tpgs to refrain from slabbing tokens, but without success. Slab (id) errors were commonplace, initially around 15-20% from my personal review. If one were to be picky, NGC has yet to correctly follow the hobby accepted identification system for cwts.

 

I disagree with that. The only time being in a NCS slab would lower the value is if someone was trying to sell the coin raw as problem free. If that was the case...is the value really lower?