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<p>[QUOTE="dougsmit, post: 675894, member: 19463"]<b>no slabs</b></p><p><br /></p><p>Most collectors of ancient coins avoid slabbed coins. There is absolutely nothing wrong with a third party certification but the better ones for ancients issue opinions with a photograph rather than a slab. After a coin is in a slab, it is much harder to tell whether it is genuine or not and I simply do not trust this call to anonymous graders. Since ancients do not fall mechanically into grades as easily as modern coins, terms like MS-65 mean a lot less and I'd never buy a coin based on a slab label. </p><p> </p><p>However, slabbers are opening the market for ancients to a completely different market. They could care less that I would not touch their product but hope to sell to people coming to ancients from the modern slab and digital grading mentality. They may be exactly what you seek and whatever feeling of security you gain may offset the liklihood you are paying double for the coin compared to a mainstream dealer. So far, I have not seen a coin I want in a slab. I hope this continues to be the case. If I do feel the need to own a slab, I will have to set the coin free and absorb the financial loss. In ancients, this is not such a big thing since most of us realize that we will bay $100 to get one coin and $20 to get another that we consider of equal merit. With US, there is always another identical or better coin being offered but there are ancients fairly worth $50 that I have been seeking for decades. I'll buy one when it shows up for $20 or $200. </p><p> </p><p>The other problem with ancients is that I do not know any one person whose opinion I would accept without question for any large percentage of coins. I know people who I would consider fully on top of the Gallienus shown above and other (different) people who could handle the Sassanian. There are a few dealers that I'd trust with 90% of the commonly seen ancients (Greek and Roman) but I doubt that even they themselves would have the gall to offer an opinion on some Central Asian or other remote fringes of the hobby. Since, for the most part, I do not know who is looking at the slabbed ancients, I'll need to wonder whether their opinion outranks mine. I feel confident 'expertising' about 10% of ancient coins. Given another 40 years, I hope to double that number. Certainly most slab services of any possible value will be body bagging any coins submitted that do not fall in the area of expertise of their staff --- I hope they will, anyway.</p><p> </p><p>If you are buying an ancient from a respectable dealer (like VCoins) you expect to get a lifetime guarantee of authenticity. Those seeking one ancient coin should buy from one of those dealers. I buy many coins from sources that do not offer this level of protection and realize that I foul up on ocassion. Let me assure you that when I decide I want a $500 coin that I know next to nothing about, I will buy it from a full service, full guarantee dealer who I believe has enough background in that specific area that his opinion makes the guarantee very unlikely to be needed.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 675894, member: 19463"][b]no slabs[/b] Most collectors of ancient coins avoid slabbed coins. There is absolutely nothing wrong with a third party certification but the better ones for ancients issue opinions with a photograph rather than a slab. After a coin is in a slab, it is much harder to tell whether it is genuine or not and I simply do not trust this call to anonymous graders. Since ancients do not fall mechanically into grades as easily as modern coins, terms like MS-65 mean a lot less and I'd never buy a coin based on a slab label. However, slabbers are opening the market for ancients to a completely different market. They could care less that I would not touch their product but hope to sell to people coming to ancients from the modern slab and digital grading mentality. They may be exactly what you seek and whatever feeling of security you gain may offset the liklihood you are paying double for the coin compared to a mainstream dealer. So far, I have not seen a coin I want in a slab. I hope this continues to be the case. If I do feel the need to own a slab, I will have to set the coin free and absorb the financial loss. In ancients, this is not such a big thing since most of us realize that we will bay $100 to get one coin and $20 to get another that we consider of equal merit. With US, there is always another identical or better coin being offered but there are ancients fairly worth $50 that I have been seeking for decades. I'll buy one when it shows up for $20 or $200. The other problem with ancients is that I do not know any one person whose opinion I would accept without question for any large percentage of coins. I know people who I would consider fully on top of the Gallienus shown above and other (different) people who could handle the Sassanian. There are a few dealers that I'd trust with 90% of the commonly seen ancients (Greek and Roman) but I doubt that even they themselves would have the gall to offer an opinion on some Central Asian or other remote fringes of the hobby. Since, for the most part, I do not know who is looking at the slabbed ancients, I'll need to wonder whether their opinion outranks mine. I feel confident 'expertising' about 10% of ancient coins. Given another 40 years, I hope to double that number. Certainly most slab services of any possible value will be body bagging any coins submitted that do not fall in the area of expertise of their staff --- I hope they will, anyway. If you are buying an ancient from a respectable dealer (like VCoins) you expect to get a lifetime guarantee of authenticity. Those seeking one ancient coin should buy from one of those dealers. I buy many coins from sources that do not offer this level of protection and realize that I foul up on ocassion. Let me assure you that when I decide I want a $500 coin that I know next to nothing about, I will buy it from a full service, full guarantee dealer who I believe has enough background in that specific area that his opinion makes the guarantee very unlikely to be needed.[/QUOTE]
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