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VOTE: COFFIN FREEDOM or LET THEM LAY ON THE SLAB
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<p>[QUOTE="KSorbo, post: 2264416, member: 56370"]Okay, so now I'm going to apologize in advance for crashing the slab "tea party" and throwing a turd in the punchbowl lol...</p><p><br /></p><p>I posted a slabbed coin on this forum last week and enjoyed taking part in a very spirited and fun discussion about third party grading of ancients. There were a couple of good takeaways from that. </p><p><br /></p><p>First, it was very refreshing to encounter such a laid back attitude toward numerical grading. This was exhibited especially well by one person who speculated that someone may have attempted at one time to turn my Alexander drachm into a necklace, but then in the very next sentence said that it was a nice coin for the grade. I completely agree that relying too much on numerical grading of ancients would be silly. There are way too many variables and even as a noob I feel comfortable deciding for myself whether a coin looks good. </p><p><br /></p><p>Second, I learned that in the Ancient community, a tag or provenance from a reputable dealer is valued even more highly than an NGC cert. That's a concept that I understand and respect.</p><p><br /></p><p>The problem I have with removing coins from slabs (such as the very cool examples in the OP) is that they now have neither a third party cert nor dealer provenance. As a collector with ADD who is interested in adding a few nice ancients to my collection, I only know enough to be dangerous, which means that I'm not comfortable with my own authentication skills. That leaves me with either buying a slabbed coin, which I can do from most any seller on Ebay from the comfort of my computer, or buying an unslabbed coin from a reputable dealer that I know will be genuine but potentially at a very high markup.</p><p><br /></p><p>Now you will probably say that you plan to never sell the coins and want to enjoy them in the buff. There's a lot to be said for that, but personally I like my coins to be liquid. I may never sell my coins either, but if I pass on I want my two precious girls to be able to turn my coins into money if they don't share my interest. If they are slabbed, all they have to do is put them on Ebay and someone will pay at least a decent fraction of what they are worth. </p><p><br /></p><p>You will also say that "NGC doesn't even guarantee authenticity". Of course they don't, because then they would be liable for much more than what money they received for the service. When a dealer guarantees authenticity, they have received the full retail value of the coin that they sold at a big markup, so there is less downside risk. Regardless, I'm willing to trust that NGC knows what they are doing while realizing that there is a slightly bigger risk of fake ancients than with other types of coins. </p><p><br /></p><p>So now that the punchbowl has a turd in it let's break out a keg of beer and start arguing <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 2264416, member: 56370"]Okay, so now I'm going to apologize in advance for crashing the slab "tea party" and throwing a turd in the punchbowl lol... I posted a slabbed coin on this forum last week and enjoyed taking part in a very spirited and fun discussion about third party grading of ancients. There were a couple of good takeaways from that. First, it was very refreshing to encounter such a laid back attitude toward numerical grading. This was exhibited especially well by one person who speculated that someone may have attempted at one time to turn my Alexander drachm into a necklace, but then in the very next sentence said that it was a nice coin for the grade. I completely agree that relying too much on numerical grading of ancients would be silly. There are way too many variables and even as a noob I feel comfortable deciding for myself whether a coin looks good. Second, I learned that in the Ancient community, a tag or provenance from a reputable dealer is valued even more highly than an NGC cert. That's a concept that I understand and respect. The problem I have with removing coins from slabs (such as the very cool examples in the OP) is that they now have neither a third party cert nor dealer provenance. As a collector with ADD who is interested in adding a few nice ancients to my collection, I only know enough to be dangerous, which means that I'm not comfortable with my own authentication skills. That leaves me with either buying a slabbed coin, which I can do from most any seller on Ebay from the comfort of my computer, or buying an unslabbed coin from a reputable dealer that I know will be genuine but potentially at a very high markup. Now you will probably say that you plan to never sell the coins and want to enjoy them in the buff. There's a lot to be said for that, but personally I like my coins to be liquid. I may never sell my coins either, but if I pass on I want my two precious girls to be able to turn my coins into money if they don't share my interest. If they are slabbed, all they have to do is put them on Ebay and someone will pay at least a decent fraction of what they are worth. You will also say that "NGC doesn't even guarantee authenticity". Of course they don't, because then they would be liable for much more than what money they received for the service. When a dealer guarantees authenticity, they have received the full retail value of the coin that they sold at a big markup, so there is less downside risk. Regardless, I'm willing to trust that NGC knows what they are doing while realizing that there is a slightly bigger risk of fake ancients than with other types of coins. So now that the punchbowl has a turd in it let's break out a keg of beer and start arguing :-)[/QUOTE]
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VOTE: COFFIN FREEDOM or LET THEM LAY ON THE SLAB
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