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Graded coins - when will the market crash?
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<p>[QUOTE="d_lairson, post: 268212, member: 8441"]I don't think that a slabbed coin has more value than a raw coin. When I look at price sheets, I don't see a column for MS-68 raw and MS-68 NGC. The value of the coin is set by its grade. ("buy the coin, not the holder") but right now people are willing to pay a premium for coins in slabs, esp those from top tier companies. That premium does not really add any extra value to the coin itself. If there is a slab market correction, or confidence in the slab market drops then people will not be willing to spend as much of a premium on those slabbed coins, but they will still pay a certian value based on the coin inside. Basically no matter what slab the coin is in, the value comes from the grade of the coin, not the slab. </p><p> </p><p>To be honest I do not buy too many slabbed coins. I just bought a NGC PF-68 Bicentennial Quarter for $14. That's a little above list, I think. I was more comfortable spending the extra money because is was in a slab. I'll admit it, but I know that the true value of the coin is closer to $9-10. </p><p><br /></p><p>Of course, I'm not really worried about a crash, or market correction. I buy coins to enjoy, not as invesments. </p><p><br /></p><p>David[/QUOTE]</p><p><br /></p>
[QUOTE="d_lairson, post: 268212, member: 8441"]I don't think that a slabbed coin has more value than a raw coin. When I look at price sheets, I don't see a column for MS-68 raw and MS-68 NGC. The value of the coin is set by its grade. ("buy the coin, not the holder") but right now people are willing to pay a premium for coins in slabs, esp those from top tier companies. That premium does not really add any extra value to the coin itself. If there is a slab market correction, or confidence in the slab market drops then people will not be willing to spend as much of a premium on those slabbed coins, but they will still pay a certian value based on the coin inside. Basically no matter what slab the coin is in, the value comes from the grade of the coin, not the slab. To be honest I do not buy too many slabbed coins. I just bought a NGC PF-68 Bicentennial Quarter for $14. That's a little above list, I think. I was more comfortable spending the extra money because is was in a slab. I'll admit it, but I know that the true value of the coin is closer to $9-10. Of course, I'm not really worried about a crash, or market correction. I buy coins to enjoy, not as invesments. David[/QUOTE]
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