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<p>[QUOTE="dougsmit, post: 7634021, member: 19463"]The following all seem like excellent reason to buy slabbed coins.</p><p><br /></p><p><br /></p><p>My safe is not quite large enough to store my collection but I have been at it a bit longer. </p><p><br /></p><p>However I simply do not believe this one:</p><p><br /></p><p><br /></p><p>Someone had to pay something like $50 for a slab fee and postage. If a person has a $50 coin and spends another $50 on a slab, they are more likely to ask $200 (AKA three times what the coin alone was worth) than $50. I believe you might get a deal on coins slabbed with faults indicated because the current crop of condition centered collectors do not want coins flagged as faulty but rather than going below the raw value, more of them will break it out and hope the next buyer did not notice. The coin below was graded by NGC VF 5/5 2/5 with note 'lt. graffiti' so the guy I bought it from had broken it out because the label seemed more offensive than the scratches were. I agreed with him but would have taken it out so I could photograph it anyway. To me, the $50 fee is $2 for the plastic and $48 for the opinion of someone whose opinion I respect. Once obtained, I don't need to have the plastic unless I were selling it to someone who collected slabs rather than coins. Since I have no plan on selling, I'm glad it is out.</p><p>[ATTACH=full]1313143[/ATTACH]</p><p><br /></p><p>It is interesting that those who like slabs dislike people telling them that slabs are not good while those who don't like slabs are offended by being told their collections are worthless because they are not slabbed. I do not like slabs because it encourages the trading in ancient coins (this IS the ancient section of Coin Talk) by people who know nothing about the coins other than what is written on the slab and the fact that they can sell it to someone who knows even less telling them that the item is a rare museum treasure worth a very high price. How much more is the Pius ChXF 5/5 4/5 worth than the above VF 5/5 2/5? We can each have our opinion.</p><p><br /></p><p>Regarding weights: The standard procedure for making ancient coins was to strike a certain number of coins from a given weight of metal. Flans were prepared by pouring metal into molds so the whole pound was used up and all the recesses were filled. As when you make cupcakes from batter, some may have been a bit more full than others. On a very few occasions, the mint noted this on the coins. These coins Constantius Gallus each has on the reverse LXXII indicating that the coin was made as one of 72 from a pound of metal. Do you know how many Roman pounds make a kilogram?</p><p><a href="https://www.convert-me.com/en/convert/history_weight/rlibra/rlibra-to-kilogram.html?u=rlibra&v=3" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.convert-me.com/en/convert/history_weight/rlibra/rlibra-to-kilogram.html?u=rlibra&v=3" rel="nofollow">https://www.convert-me.com/en/convert/history_weight/rlibra/rlibra-to-kilogram.html?u=rlibra&v=3</a></p><p>4.2g slightly light?</p><p>[ATTACH=full]1313147[/ATTACH]</p><p><br /></p><p>4.6g slightly heavy?</p><p>[ATTACH=full]1313148[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 7634021, member: 19463"]The following all seem like excellent reason to buy slabbed coins. My safe is not quite large enough to store my collection but I have been at it a bit longer. However I simply do not believe this one: Someone had to pay something like $50 for a slab fee and postage. If a person has a $50 coin and spends another $50 on a slab, they are more likely to ask $200 (AKA three times what the coin alone was worth) than $50. I believe you might get a deal on coins slabbed with faults indicated because the current crop of condition centered collectors do not want coins flagged as faulty but rather than going below the raw value, more of them will break it out and hope the next buyer did not notice. The coin below was graded by NGC VF 5/5 2/5 with note 'lt. graffiti' so the guy I bought it from had broken it out because the label seemed more offensive than the scratches were. I agreed with him but would have taken it out so I could photograph it anyway. To me, the $50 fee is $2 for the plastic and $48 for the opinion of someone whose opinion I respect. Once obtained, I don't need to have the plastic unless I were selling it to someone who collected slabs rather than coins. Since I have no plan on selling, I'm glad it is out. [ATTACH=full]1313143[/ATTACH] It is interesting that those who like slabs dislike people telling them that slabs are not good while those who don't like slabs are offended by being told their collections are worthless because they are not slabbed. I do not like slabs because it encourages the trading in ancient coins (this IS the ancient section of Coin Talk) by people who know nothing about the coins other than what is written on the slab and the fact that they can sell it to someone who knows even less telling them that the item is a rare museum treasure worth a very high price. How much more is the Pius ChXF 5/5 4/5 worth than the above VF 5/5 2/5? We can each have our opinion. Regarding weights: The standard procedure for making ancient coins was to strike a certain number of coins from a given weight of metal. Flans were prepared by pouring metal into molds so the whole pound was used up and all the recesses were filled. As when you make cupcakes from batter, some may have been a bit more full than others. On a very few occasions, the mint noted this on the coins. These coins Constantius Gallus each has on the reverse LXXII indicating that the coin was made as one of 72 from a pound of metal. Do you know how many Roman pounds make a kilogram? [URL]https://www.convert-me.com/en/convert/history_weight/rlibra/rlibra-to-kilogram.html?u=rlibra&v=3[/URL] 4.2g slightly light? [ATTACH=full]1313147[/ATTACH] 4.6g slightly heavy? [ATTACH=full]1313148[/ATTACH][/QUOTE]
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