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How do you get the wholesale price for a slabbed coin?
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<p>[QUOTE="tradernick, post: 10582, member: 648"]Peter really touched on an important point when he said </p><p><br /></p><p>"Slabs also make it a lot easier to buy sight-unseen."</p><p><br /></p><p>As I recall that was the central idea behind coin certification...providing some liquidity to the coin market. This is important to the markets stability. For instance, a dealer in Atlanta can phone a dealer in Seattle with some PCGS ms65 morgans and the Seattle dealer can make an intelligent offer on them without seeing them. How? Because he knows what PCGS ms65 morgans look like. When grading is consistent, generic coins become very liquid and easy to buy/sell.</p><p>Yes there are times when a coin may not grade the same every time it's submitted but overall coin certification does our hobby a great service.</p><p><br /></p><p>Also there are some coins that I think should be bought only when slabbed. 16-d merc, 09-s vdb, $3 gold, key date or high grade trade dollars to name a few. These coins are HIGHLY counterfeited and have been for years. Just because a 16-d merc came from someones grandfather does NOT mean it's real. Buy these coins slabbed and you'll KNOW it's genuine. Don't like the slab? Crack it out after you buy it. You'll still always have peace of mind about your coins authenticity. Buying key date coinage is always a risk, even for dealers. Certification of a highly counterfeited coin makes buying/selling them easier for everyone, imo.[/QUOTE]</p><p><br /></p>
[QUOTE="tradernick, post: 10582, member: 648"]Peter really touched on an important point when he said "Slabs also make it a lot easier to buy sight-unseen." As I recall that was the central idea behind coin certification...providing some liquidity to the coin market. This is important to the markets stability. For instance, a dealer in Atlanta can phone a dealer in Seattle with some PCGS ms65 morgans and the Seattle dealer can make an intelligent offer on them without seeing them. How? Because he knows what PCGS ms65 morgans look like. When grading is consistent, generic coins become very liquid and easy to buy/sell. Yes there are times when a coin may not grade the same every time it's submitted but overall coin certification does our hobby a great service. Also there are some coins that I think should be bought only when slabbed. 16-d merc, 09-s vdb, $3 gold, key date or high grade trade dollars to name a few. These coins are HIGHLY counterfeited and have been for years. Just because a 16-d merc came from someones grandfather does NOT mean it's real. Buy these coins slabbed and you'll KNOW it's genuine. Don't like the slab? Crack it out after you buy it. You'll still always have peace of mind about your coins authenticity. Buying key date coinage is always a risk, even for dealers. Certification of a highly counterfeited coin makes buying/selling them easier for everyone, imo.[/QUOTE]
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How do you get the wholesale price for a slabbed coin?
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