hi all. I'm an avid bullion coin collector and was wondering if I should slab them. I have a pcgs account. Specifically, I would only slab gold coins such as Kugerrrands or European 20th century ones. Reason being for authentication purposes primarily. My goal is to hold and sell once prices take off. Thx.
With no information of what it is you need to look up prices of what grades you would need to make it worth it and then realistically assess how many you think could get that or essentially what you need to happen for it to be worth it. If you just want to do it to do it that is a different story
ah this is a question i used to ponder years ago! now I am an avid slabber with mainly 70% NGC, 25% PCGS, 5% ANACS and 2 ICG slabs. For me the combination of convenience and preservation sealed the deal. my only regret now is that I didn't stick to 1 company since the beginning so I can't make a nice registry set with 1 company
I don't believe as a general rule that you want to slab regular uncirculated gold coins. Many of them might come back MS-66 to MS-68 so you are not doing anything to enhance or verify their value. Now...if you have a proof coin or what looks to be an MS-69 or 70 DCAM or something like that, it might pay to have it listed as such. The decision to slab generally uncirculated coins is different than the one to PURCHASE said coins. If you see some MS-69's, 70's, DCAMs, or PLs that you like, then you pay the premium to obtain the coin. But always remember that tastes can change and premiums to bullion value can fade with time (check out my posts on the SS Central America).
Thx for the responses. I should clarify that the european gold coins are early 20th century ala Roosters, etc. Also the Kugerrands are 1970-1980s. Primary I'm concerned with confirming authenticity. I have no reason to believe they aren't but if I do sell, the purchaser will have peace of mind. Thx again.
I've wondered about that myself, but I think that they can tell very quickly by weighing it if it is 100% pure gold. You would think there might be more counterfeits of gold-plated metal coins that impersonate Eagles, Kruggerands, Maple Leafs, etc. but I think the forgers spend their time on numismatics like Morgan Dollars. I saw an episode of "Pawn Stars" where a guy wanted to sell a block or blocks of silver....must have weighed dozens of pounds or something. The guy Rick drilled a hole into it to test. Came back silver.
Don't slab 'em. Most dealers treat bullion pieces as just that........bullion pieces. Now if something you have is of significant numismatic value, by all means, go ahead and have it encapsulated.......
Why don't you tell us what coins specifically you would be sending to PCGS and give us an approximate grade/condition for the coins ? Again...pristine MS-70 or 69 and PL/DCAM stuff is worth sending in. But a regular coin that has some scuff marks from being handled or encased in plastic is NOT worth sending in, IMO.
Probably a little for the Swiss one though those are still common in 65, the French one probably a little as well but I don't believe so for the South African. Those may not have increased in value but should be a little more liquid. Nice designs in that group though
