Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Do Ancients Need Grading?
>
Reply to Thread
Message:
<p>[QUOTE="John Anthony, post: 1904613, member: 42773"]I can't watch the video at this moment, but here is my personal take on the matter. I absolutely will not buy common ancients in NGC slabs unless I can get them for roughly the same price I would pay for a raw coin. I have bought a few, but only if they went up for auction at low starting bids, and the bidding didn't go stupid. Then I promptly cracked them out - like so many other collectors of ancients, I need the tactile element in the enjoyment of my coins.</p><p><br /></p><p>Many dealers jack up the prices of slabbed coins to ridiculous extremes. They may occasionally get sold to collectors of moderns, who know little of ancients, and want the security of David Vagi's opinion. That's all well and good, but I seriously doubt the educated collecting community will ever warm up to slabbed ants of Gordian III in middling grades for $100 apiece.</p><p><br /></p><p>I've seen plenty of those sitting on shelves until the dealer decides to cut his losses and put them up for auction starting at 99-cents. Then they end up selling for approximately the same prices as raw coins.</p><p><br /></p><p>On the other hand, I would be wary of buying a rarer, pricier coin without a second opinion. I wouldn't touch a tetradrachm of Alexander without some sort of authentication, and even then, I'd probably buy it raw from CNG or FORVM, not because I don't trust NGC, but because dealers think they can quadruple the market value of a coin just because it lives in a plastic coffin. Plus, it saves me the trouble of destroying the holder.[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 1904613, member: 42773"]I can't watch the video at this moment, but here is my personal take on the matter. I absolutely will not buy common ancients in NGC slabs unless I can get them for roughly the same price I would pay for a raw coin. I have bought a few, but only if they went up for auction at low starting bids, and the bidding didn't go stupid. Then I promptly cracked them out - like so many other collectors of ancients, I need the tactile element in the enjoyment of my coins. Many dealers jack up the prices of slabbed coins to ridiculous extremes. They may occasionally get sold to collectors of moderns, who know little of ancients, and want the security of David Vagi's opinion. That's all well and good, but I seriously doubt the educated collecting community will ever warm up to slabbed ants of Gordian III in middling grades for $100 apiece. I've seen plenty of those sitting on shelves until the dealer decides to cut his losses and put them up for auction starting at 99-cents. Then they end up selling for approximately the same prices as raw coins. On the other hand, I would be wary of buying a rarer, pricier coin without a second opinion. I wouldn't touch a tetradrachm of Alexander without some sort of authentication, and even then, I'd probably buy it raw from CNG or FORVM, not because I don't trust NGC, but because dealers think they can quadruple the market value of a coin just because it lives in a plastic coffin. Plus, it saves me the trouble of destroying the holder.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Do Ancients Need Grading?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...