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<p>[QUOTE=&quot;tradernick, post: 66261, member: 648&quot;]The original idea behind slabbing/certifying coins was not to protect them but to give them some liquidity.&nbsp; If I have a PCGS MS66 Morgan dollar, I can talk to a dealer in another state (or another country) and he can make an intelligent offer on the coin without ever seeing it, because if it&#039;s a PCGS coin he knows what to expect if he&#039;s familiar with their grading standards.</p><p>Many large groups of generic coins change hands every day sight unseen among dealers.&nbsp; There&#039;s even a service called Certified Coin Exchange that allows dealers to place bids/asks for certified coins and many transactions take place there every day on coins or groups of coins that the buyer purchases without seeing them beforehand.&nbsp; I should also mention that many coins are PQ for the grade and these usually sell for a premium over CCE bids, which are strictly for sight unseen coins.&nbsp; PQ coins are usually reserved for sale in person at shows etc</p><p>Nick[/QUOTE]</p><p><br /></p>

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