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Message:: [QUOTE="Midas, post: 66275, member: 2761"]Protection (all things being equal), authentication, presentation, storage are just some of the reasons I own and buy slabbed coins.  I know what I am buying if I am making a sight unseen purchase.  Also, as stated, it is like having liquid cash if you have to sell.  A buyer doesn't have to take my word on a coin that I may state as a "MS64", it is the opinion of the third party grading service. Now with that said, I will only buy "sight, unseen" from services like PCGS, NGC, ANACS and ICG (circulated grades).  That is just me.  For companies like PCI or SEGS, I mentally deduct 2 to 4 MS points and 5 to 20 circulated grade points IF I can't see the coin.  That's just my experience. Always buy the coin, not the slab if you have a chance the see the coin.  But since a lot of buying and selling is done without actually seeing the coin close up under a loop, slabs hold their place in the marketplace and provide a service. Are they perfect?  No they are not...but ask yourself, would you buy a 1916-D Merc dime or a 1909-S VDB Lincoln cent from a seller you really did not know UNLESS the coin was authenticated? Last but not least, there is no law you have to keep your coins in slabs.  A pair of strong pliers and strong forearms will do the trick.  BUT (there is always a but), if you ever had to sell the coin you just broke out, you will net less for it because again, it is now your opinion of the grade being presented against the buyer's opinion of the grade.  You think it is a MS65 and the buyer thinks it is a MS64.  I go back and buy that same coin and think it is a MS64 and the seller now tells me it is a MS65.[/QUOTE]

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