To slab or not to slab

Discussion in 'Coin Chat' started by Bmagold, Oct 24, 2019.

  1. baseball21

    baseball21 Well-Known Member

    You're in the small minority.

    Mexico, Australia, Germany, New Zealand, China, India, almost anything modern, list goes on.

    Eastern Europe yes NGC does seem to own that territory.

    100 percent yes and not an insignificant amount.

    Paying attention to only a small part of it to get that perception?
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  3. Bmagold

    Bmagold Member

  4. Bmagold

    Bmagold Member

    Hey jaelous I had posted about this coin once and I don't want it to be visible again except with the person I am conversing with. You. So is this private and if not can it be?
  5. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    No. The dealers I work with abroad don't care about slabbing. All the world dealers I use stateside use NGC save for two.
  6. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    Don't get me wrong. I'm not saying PCGS world coins don't have a higher premium than ANACS. I'm saying their grades aren't good.
    Seattlite86 likes this.
  7. Seattlite86

    Seattlite86 Outspoken Member

    No worries, I was just replying to your question about countries that like PCGS. World slabbed coins from PCGS and NGC matter in Germany, but mostly gold coins and rarities get slabbed. Those grades are trusted and those slabbed coins are expected to go for a premium. The majority of world coins are raw, but a good deal of that is because Germans seem to have a proclivity for cleaning their coins :(
    Stevearino and Jaelus like this.
  8. Bmagold

    Bmagold Member

    Spirityoda I posted about this coin once and don't want it to be public again or my conversation to be public so if it is not private can it be?
    Last edited: Oct 24, 2019
  9. Lehigh96

    Lehigh96 Toning Enthusiast

    The grading fees only reach that level when you are in the high value coins or have so few coins to submit that the S&H becomes a huge part of the grading fee.

    The NGC prices are as follows:

    Modern (Post 1955): $17
    Economy (Max value $300): $20
    Early Bird (Max value $3K): $35
    Express (Max value $10K): $60
    Walkthrough (Max value $100K): $150

    If you are only submitting one coin, then it would be cheaper to just piggyback it on someone else’s submission rather than pay full S&H charges. If you submit multiple coins it mitigates the S&H costs. They used to require submissions to be at least 5 coins.

    My recent submission is near 50 coins with most being economy class. My total S&H was approximately $75 for a $5K value submission. That means I’m paying $21.50 per coin for grading fees. I have no problems submitting premium gem war Nickels, breaking even on the MS66s and making small profits on MS67s.

    My criteria for submitting coins is simple; if I can turn a profit, I will submit it.
    Stevearino likes this.
  10. baseball21

    baseball21 Well-Known Member

    You can have your personal opinion, but those comments before were out of line with the reality of the market and overall beliefs. You don't have to buy them but people shouldn't be saying things that mislead people based on personal beliefs when all some was doing was asking questions hoping for information.

    When you say things like "For world coins, you'll want to slab with NGC. ANACS is probably second. PCGS is a far third." that is misleading to people who will believe you as they like you as a poster etc. At the very least contradictory opinions need to be made clear they are a personal opinion as the market will easily disprove that statement.

    Let people make up their own mind with accurate information
    Bmagold likes this.
  11. spirityoda

    spirityoda Coin Junky Supporter

    sure I just sent you a private message.
  12. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    Ok. Based on my experience with tens of thousands of world coins, PCGS overgrades world coins across the board. I guess some markets may prefer overgraded coins. I don't. Aside from some specific countries like Canada and Japan, and probably a few others that have their own services, NGC is the king for slabbing world. I have seen nothing in my experience to contradict this, and the above opinion seems to mirror that of the vast majority of world collectors in the US.

    I started a poll in the world forums. So, we can see what the general consensus is. The poll closes in a week:
    Last edited: Oct 25, 2019
  13. baseball21

    baseball21 Well-Known Member

    All that poll will tell is the consensus of the posters here. There was a time that was true, but that time came and gone years ago.

    Have you you have you not made posts about NGC having to be checked on for PL and * designations for world coins?
  14. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    Yes, but their grades are consistent. Any TPG needs some babysitting. NGC customer service makes it easier.
  15. baseball21

    baseball21 Well-Known Member

    Customer service isn't part of grading which also ignores the vastly improved PCGS customer service in the last few years.

    Regardless of of anything else the point was if NGC was supposedly so superior why by your own admission do they need "babysitting" as you said for the PL and * designations? Those two aspects are absolutely part of a grade

    Let people choose on their own which they prefer, the market also gives solid evidence over personal preferences
  16. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    I am. Hence the poll. Seems the vast majority agree that NGC is the best for world coins.
  17. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    Why do you believe that the CT membership isn't a representative cross section of coin collectors?
    Jaelus and Stevearino like this.
  18. baseball21

    baseball21 Well-Known Member

    Because it just isn't even remotely close to it. That's not even trying to be a knock but it just isn't. Even if the poll had 200 votes the margin of error would be so massive trying to apply it to collectors as a whole or especially as collectors world wide that it's just meaningless in that sense. There's no random selection in voluntary polls especially not on the internet.

    Forums also have the friend aspects, number of posts from a poster etc that influence opinions. People will vote to support their friends or someone they like or that just don't actually know the answer but want to vote anyways etc.

    The over whelming majority of collectors don't post on coin forums. Coin forum polls are representative of the coin forum members, but really nothing more.

    For broad questions we need much bigger samples, controlled samples, and/or real data such as from the market which we have and often times goes against the opinion of small forum polls which often contain heavy amounts of personal bias.
  19. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    So what I hear you saying is that the sampling may be biased and that it's difficult to get a statistically representative sample. Is that correct?
  20. baseball21

    baseball21 Well-Known Member

    For a small forum poll such as this absolutely. No amount of trying to do analysis on it would make it applicable to to the whole US collecting community nor the entire world which is really what started the poll in the first place.
  21. Santinidollar

    Santinidollar Supporter! Supporter

    And while we’re at it, not only buy the coin and not the slab, but buy the coin and not the CAC sticker.
    spirityoda likes this.
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