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<p>[QUOTE="johnmilton, post: 4834435, member: 101855"]Your "over $300" rule for slabbed coins is not a bad one. If you heirs get ready to sell, I can tell you from experience that they will probably get ripped off when they sell the raw coins. Slabbed coins are much easier to sell at fair prices than the raw ones. This is especially true from non-collector sellers.</p><p><br /></p><p>This is not just because some dealers have low ethics. It's also because a dealer has to figure in the grading and shipping charges to get coins slabbed if that is needed for the dealer to resell the coins at a fair price. They also have to figure in the risk factor if the coins don't come back in the grades they expected. When a coin is slabbed by PCGS or NGC that sets a floor for the value, even if the piece is over graded in the holder.</p><p><br /></p><p>The idea of getting a complete Morgan Dollar set in Mint State is unrealistic unless you are very wealthy. I built three "Unc-ish" sets from collectors when I was dealer. Some coins, like the 1893-S, are going to run you 5-figures in a Choice AU grade that doesn't "look bad" beside the Mint State coins. There are also some dates, 1884-S comes immediately to mind, that are inexpensive in AU and wicked expensive in any Mint State grade.</p><p><br /></p><p>As a collector, I got away from albums in the 1970s. Since then my collection has been "in my head." I've learned to appreciate the coins one at a time in their slabs. I know that filling holes and seeing them all without blanks gives you a lot of satisfaction, but sadly, those days are passed if you are collecting expensive coins.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4834435, member: 101855"]Your "over $300" rule for slabbed coins is not a bad one. If you heirs get ready to sell, I can tell you from experience that they will probably get ripped off when they sell the raw coins. Slabbed coins are much easier to sell at fair prices than the raw ones. This is especially true from non-collector sellers. This is not just because some dealers have low ethics. It's also because a dealer has to figure in the grading and shipping charges to get coins slabbed if that is needed for the dealer to resell the coins at a fair price. They also have to figure in the risk factor if the coins don't come back in the grades they expected. When a coin is slabbed by PCGS or NGC that sets a floor for the value, even if the piece is over graded in the holder. The idea of getting a complete Morgan Dollar set in Mint State is unrealistic unless you are very wealthy. I built three "Unc-ish" sets from collectors when I was dealer. Some coins, like the 1893-S, are going to run you 5-figures in a Choice AU grade that doesn't "look bad" beside the Mint State coins. There are also some dates, 1884-S comes immediately to mind, that are inexpensive in AU and wicked expensive in any Mint State grade. As a collector, I got away from albums in the 1970s. Since then my collection has been "in my head." I've learned to appreciate the coins one at a time in their slabs. I know that filling holes and seeing them all without blanks gives you a lot of satisfaction, but sadly, those days are passed if you are collecting expensive coins.[/QUOTE]
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Need some Morgan collecting advice
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