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How do I talk to a slab person about ancient coin grading?
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<p>[QUOTE="Ken Dorney, post: 3448684, member: 76086"]This is an old topic but its always interesting to read as opinions change and members who have not commented before have done so now. I dislike slabs and wont have anything to do with them. I'm old fashioned. As a dealer if I get a coin in a slab I will leave it be and pass it on as is. As a collector I will break it out. Thats my personal preference and I dont seek to change anyones mind on the topic. But I also understand and respect why others want slabs.</p><p><br /></p><p>What is the future? As more modern collectors move into collecting ancients slabs will only become more common. This is an undeniable truth. We will have to just live with it. </p><p><br /></p><p>Dealing with slabs themselves is really quite easy and a non-issue. You either take the coin out or you dont, you submit it for slabbing or you dont. But the truth behind the issue is a more selfish one. What people really want to know is how slabbing will affect prices. </p><p><br /></p><p>I see from their website bulk submissions are $20 each, though I suspect large companies like Heritage get a huge discount. Still, it wont make any economic sense to slab the most common coins, nor lower grades. Yes, I know there are already lots of them out there, mostly done by speculators or those who know nothing about the ancients market. </p><p><br /></p><p>Currently the values for slabbed ancients remain largely unchanged for raw coins. Most people are not willing to pay any premium for a piece of plastic and an opinion (something every ancient coin dealer already does now for no extra cost, its just the plastic is a 2x2 flip and not a hard case). Slabbed ancients are currently the domain of Heritage where they peddle overpriced coins to the unsuspecting public (but then again I have also seen them sell coins at prices in which someone obviously lost most of the money they invested in the coin/slab).</p><p><br /></p><p>So, the market is changing, and not in a direction that I prefer. But I am a bit older now and I wont have to see or deal with how those changes might affect the market in a significant way (maybe, I figure I have 20 years of life left, but could be 40!).[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 3448684, member: 76086"]This is an old topic but its always interesting to read as opinions change and members who have not commented before have done so now. I dislike slabs and wont have anything to do with them. I'm old fashioned. As a dealer if I get a coin in a slab I will leave it be and pass it on as is. As a collector I will break it out. Thats my personal preference and I dont seek to change anyones mind on the topic. But I also understand and respect why others want slabs. What is the future? As more modern collectors move into collecting ancients slabs will only become more common. This is an undeniable truth. We will have to just live with it. Dealing with slabs themselves is really quite easy and a non-issue. You either take the coin out or you dont, you submit it for slabbing or you dont. But the truth behind the issue is a more selfish one. What people really want to know is how slabbing will affect prices. I see from their website bulk submissions are $20 each, though I suspect large companies like Heritage get a huge discount. Still, it wont make any economic sense to slab the most common coins, nor lower grades. Yes, I know there are already lots of them out there, mostly done by speculators or those who know nothing about the ancients market. Currently the values for slabbed ancients remain largely unchanged for raw coins. Most people are not willing to pay any premium for a piece of plastic and an opinion (something every ancient coin dealer already does now for no extra cost, its just the plastic is a 2x2 flip and not a hard case). Slabbed ancients are currently the domain of Heritage where they peddle overpriced coins to the unsuspecting public (but then again I have also seen them sell coins at prices in which someone obviously lost most of the money they invested in the coin/slab). So, the market is changing, and not in a direction that I prefer. But I am a bit older now and I wont have to see or deal with how those changes might affect the market in a significant way (maybe, I figure I have 20 years of life left, but could be 40!).[/QUOTE]
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