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How do I talk to a slab person about ancient coin grading?
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<p>[QUOTE="TypeCoin971793, post: 3447026, member: 78244"]Another difference is that ancient coins stand on their own and are valued based on the coins themselves. Less wear? Higher value. Poorly centered? Lower value. And then each and every person decides how much the coin is worth to them and bids/offers/passes accordingly.</p><p><br /></p><p>Modern coins absolutely CANNOT hold their own when it comes to value. It must be entombed in a plastic slab with an expert’s “opinion”, and that opinion determines the value, regardless of anything else. If it grades higher at a later date, then its value increases, with no change in the merit of the coin itself. If it downgrades, then its value decreases, with no change in the merit of the coin itself. We see this all of the time, which proves <i>beyond a doubt</i> that much of the value of a modern coin rests in the holder alone. This is also seen in raw modern coins when they sell for peanuts compared to what they sell for in the plastic.</p><p><br /></p><p>That’s the difference between the two markets.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3447026, member: 78244"]Another difference is that ancient coins stand on their own and are valued based on the coins themselves. Less wear? Higher value. Poorly centered? Lower value. And then each and every person decides how much the coin is worth to them and bids/offers/passes accordingly. Modern coins absolutely CANNOT hold their own when it comes to value. It must be entombed in a plastic slab with an expert’s “opinion”, and that opinion determines the value, regardless of anything else. If it grades higher at a later date, then its value increases, with no change in the merit of the coin itself. If it downgrades, then its value decreases, with no change in the merit of the coin itself. We see this all of the time, which proves [I]beyond a doubt[/I] that much of the value of a modern coin rests in the holder alone. This is also seen in raw modern coins when they sell for peanuts compared to what they sell for in the plastic. That’s the difference between the two markets.[/QUOTE]
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