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"Population 1" Coin - What's It Mean?
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<p>[QUOTE="johnmilton, post: 3710867, member: 101855"]Nowadays the cost of slabbing is part of the cost of making the coin marketable. If you have quality U.S. coins and you sell them raw, you are going to leave a lot of money on the table. When I was dealer buying raw coins, I considered what the piece was worth. Then I had to subtract the certification and shipping costs, and add some more for the risk of not getting the grade that I thought the coin should get. Then I was down do the price I was willing to pay for the raw coin. The value of a raw coins DOES NOT equal the value of a certified coin for the date, mint, variety and state of preservation.</p><p><br /></p><p>There are many collectors, myself included, who will not buy raw U.S. coins. Foreign and ancient coins are a different story, but for U.S. coins, certification is almost mandatory.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3710867, member: 101855"]Nowadays the cost of slabbing is part of the cost of making the coin marketable. If you have quality U.S. coins and you sell them raw, you are going to leave a lot of money on the table. When I was dealer buying raw coins, I considered what the piece was worth. Then I had to subtract the certification and shipping costs, and add some more for the risk of not getting the grade that I thought the coin should get. Then I was down do the price I was willing to pay for the raw coin. The value of a raw coins DOES NOT equal the value of a certified coin for the date, mint, variety and state of preservation. There are many collectors, myself included, who will not buy raw U.S. coins. Foreign and ancient coins are a different story, but for U.S. coins, certification is almost mandatory.[/QUOTE]
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"Population 1" Coin - What's It Mean?
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