"Slabbed" Bullion ?

How many people buy Slabbed Bullion VS Raw. I rarely buy it slabbed unless it's a good deal. This weekend I bought two 1997 Silver Eagles MS-69 NGC for $30 each and a 1997 $5 Gold Eagle for $145. Also a raw 5 ounce silver bar for $95

 

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This is just my opinion, but "bullion is bullion" regardless of the packaging. I have to ask @jfscmedic if silver were to drop to $10/ounce, how easy do you think it would be for you to sell that MS69 SAE for $30?

Chris

 

Graded bullion coins: no, no and no.

 

Major varieties and errors would be the exception.

Chris

 

Like I said 99% of my Bullion is Raw. My question I guess is do some "Bullion" pieces carry a premium slabbed. I know MS-69 1997 Eagles are SELLING anywhere from $40 to $78 online. One guy told me that one date in the Silver Eagle series Graded MS-70 by PCGS or NGC brings over $1,000

 

Here is a 1997 MS-69 NGC Eagle sold for $78 with 11 Bids. And a 1995 PCGS MS-70 Silver eagle that SOLD for $6,000 !! Of course my opinion of someone who would pay $6,000 for a Slabbed Silver Eagle is they have more Money then they do sense LOL

 

Like this one ( stiff collar strike ) .

 

You still haven't answered my question.

If silver dropped to $10/ounce, how easy would it be for you to sell your MS69 SAE at $30?

The point is that bullion follows the rise and fall of the price of silver more than a collectible coin would.

Chris

 

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I don't understand slabbing bullion. Almost all of my bullion is raw, however, I did buy one slabbed silver oz coin. It was the Austria 2001 10 Kreuzer Franz Joseph I commemorative silver round. I'm not sure why someone would slab such a thing, but I was happy to get a high grade example without paying a premium for the slab. I left it in the slab because why not?

 

No, never on regular issues, yes on low mintage special issues. On private silver issues, never, it is just bullion regardless of any mistakes made in production. JMHO. Tom

 

I would usually agree with that, but some of the bigger coin shows, have the grading companies there and run great specials .

I could get this graded for 10 bucks and it's a great conversion piece too ..

 

I'm curious how slabbed billion has done in a down market above bullion.

For instance in 2010 even though good was marching up was the value of a slabbed bullion more then the variance before or after a large market shock when people weren't buying much of anything.

I wasn't tracking bullion or slabbed during that time frame.

 

I would probably buy slabbed Gold just for the authentication, but not ASE's.

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I've purchased a few slabbed gold 1oz's. Been offered raw or slabbed for the same cost at times so seemed like a no brainer.

Only thing I don't like about it is storage. Hate keeping my raw coins separate from the slabbed. Feels weird, unnatural and sloppy. (lol), life is weird and clearly I've been immensely blessed to be bit*hing about this!

 

Some do yes, well really all the 70s do but the most modern ones are very small premiums as people have come to expect them to be of that quality. The 1980 and 1990s MS 70 ASEs some have very substantial premiums and a few dates even 69s have premiums worth noting. It's mostly the grade that causes the premium though there does seem to be a small one for it being slabbed over melt value in many cases even if its just a few dollars

 

To be honest I can't really answer your question. I don't know. Like I said I normally don't buy slabbed bullion either...market changes effect raw bullion too. Silver Eagles carry a premium over spot. A 1997 Silver Eagle Bids $27 RAW on the greysheet. If the spot price of silver dropped $10 Ounce even raw bullion would be hard to sell at what you paid for it.

 

# 1 Bullion is tied to SPOT price.
If you have a question of current valuation, then refer to # 1

Numismatic valuation is dependent upon demand which would be it's own market valuation separate from the spot price.

 

I guess it all boils down to the fact that Eagles (Gold or Silver) are US coins. Even though they are most often used for investment in bullion some people collect them as US coins. I'm sure most people who buy slabbed Eagles are not just buying them for the bullion value.

 

I pay a premium when I buy eagles over a generic bar.
But then I'm more assured that the US coin will be recognized and more accepted by someone in the future if/when I get around to selling it.