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Why do "Certified" coins bring the big $$$?
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<p>[QUOTE="Just Carl, post: 731166, member: 4552"]Not quite the same thing but with all the counterfiets around, similar situations are arising. A dealer of many years experience purchased a raw 1916D Merc Dime. Sent it in for grading. Got it back in a body bag as fake. Resent to another TPGS and got it back gradded and slabbed. </p><p>USED to be the thing not long ago if you want proof a coin is real, send it in for grading and slabbing. Eventually the China syndrom took effect and the are now producing counterfeit slabs for thier counterfeit coins. What this means is although it may be safer to purchase a slabbed by a popular TPGS, it really may be just another fake. And too as this hobby runs rampid with slabbing, there are those that know how to open and reseal a slab so they could put anything they want inside a real one. </p><p>Many, many dealers I know used to brag that this or that coin was the real thing since it was PCGS or NGC. Now with possibly a hundred grading services around, not sure anyone knows for real what is what. </p><p>One dealer I know will not purchase a coin for more due to being in a slab since he says he can no longer charge extra for that. Way to many others are also selling coins in slabs for normal grey sheet system pricing due to so many TPGS's around and many don't know which is which. On coin forums like this one there are only a handfull of individuals that buy and sell coins. Out there in the rest of the world there are many millions that do not use forums like this and are not aware of fakes in or out of slabs. Those too do not want to pay extra for a coin in plastic that has little meaning to them. </p><p>I myself have no plastic slabbed coins but have purchased many over the years. I've no idea if those were real or not. They just go into an Album and that make me happy so I really don't care if someone wants to pay or sell more for a slabbed coin since I take them out anyway. </p><p>Back to the original question though. I still think as a general rule dealers still want or expect more for a slabbed coin. Many still try to brag that this is a PCGS or NGC slab so it just has to be worth more.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 731166, member: 4552"]Not quite the same thing but with all the counterfiets around, similar situations are arising. A dealer of many years experience purchased a raw 1916D Merc Dime. Sent it in for grading. Got it back in a body bag as fake. Resent to another TPGS and got it back gradded and slabbed. USED to be the thing not long ago if you want proof a coin is real, send it in for grading and slabbing. Eventually the China syndrom took effect and the are now producing counterfeit slabs for thier counterfeit coins. What this means is although it may be safer to purchase a slabbed by a popular TPGS, it really may be just another fake. And too as this hobby runs rampid with slabbing, there are those that know how to open and reseal a slab so they could put anything they want inside a real one. Many, many dealers I know used to brag that this or that coin was the real thing since it was PCGS or NGC. Now with possibly a hundred grading services around, not sure anyone knows for real what is what. One dealer I know will not purchase a coin for more due to being in a slab since he says he can no longer charge extra for that. Way to many others are also selling coins in slabs for normal grey sheet system pricing due to so many TPGS's around and many don't know which is which. On coin forums like this one there are only a handfull of individuals that buy and sell coins. Out there in the rest of the world there are many millions that do not use forums like this and are not aware of fakes in or out of slabs. Those too do not want to pay extra for a coin in plastic that has little meaning to them. I myself have no plastic slabbed coins but have purchased many over the years. I've no idea if those were real or not. They just go into an Album and that make me happy so I really don't care if someone wants to pay or sell more for a slabbed coin since I take them out anyway. Back to the original question though. I still think as a general rule dealers still want or expect more for a slabbed coin. Many still try to brag that this is a PCGS or NGC slab so it just has to be worth more.[/QUOTE]
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Why do "Certified" coins bring the big $$$?
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