It takes work out if the coin is graded, but excitement as well.
Raw vs Slab
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SilverToken
- Posts: 74
- Joined: Fri May 14, 2021 2:17 pm
Raw vs Slab
In your opinions, how much more would you pay for a slabbed coin vs a raw, exact grade? (assuming a reputable slab, commons)
It takes work out if the coin is graded, but excitement as well.
It takes work out if the coin is graded, but excitement as well.
When it's no longer fun, I think I'm done!
Re: Raw vs Slab
The way I look at it is, how much less would I pay for a raw coin? And for me the very broad answer is a lot less. How much less depends upon the coin, the date+mint mark, the VAM, and the perceived grade. But some coins I won't buy at all.
The reason is because I certify everything that I want to own. Doing so improves safety of the coin, liquidity when I go to sell, and minimizes disagreement about grade and value when I go to sell. Additionally, grading almost always screens out coins that have problems I didn't notice, which can be another huge area of debate when trying to sell a raw coin.
But grading coins comes with several costs, including postage both ways, and that's where my lot less statement comes in. It can easily run to $50-$60 each if you're submitting them yourself. If I'm submitting through the VSS bulk program I'm still looking at $11 or so each for commons in MS60-63, and $15 or so for circulated coins.
If it's a common date coin, a nothing VAM, and less than MS64, I won't buy them at all for much more than melt. But that's just me.
The reason is because I certify everything that I want to own. Doing so improves safety of the coin, liquidity when I go to sell, and minimizes disagreement about grade and value when I go to sell. Additionally, grading almost always screens out coins that have problems I didn't notice, which can be another huge area of debate when trying to sell a raw coin.
But grading coins comes with several costs, including postage both ways, and that's where my lot less statement comes in. It can easily run to $50-$60 each if you're submitting them yourself. If I'm submitting through the VSS bulk program I'm still looking at $11 or so each for commons in MS60-63, and $15 or so for circulated coins.
If it's a common date coin, a nothing VAM, and less than MS64, I won't buy them at all for much more than melt. But that's just me.
When in doubt... don't.
Re: Raw vs Slab
Dennis points out great points which i ditto/agreeI have bought bulk Morgans for yrs at very low pricing in general
Then sorting & only grading the higher $$$ value examples
I have also bought bulk more common dates graded say ms63-64 or 65
This when coins were cheaper and extra$$ available
I went on a buying frenzy yrs ago when common ms65 was $70,purchasing
some 7,000 ms65. A great move, but needed to hold several yrs to appreciate
Even though i dont care for PCGS/NGC they are the 2 slabs that bring decent/
most money steadily, with PCGS the top service
Anacs really lags in money received and common value is 60-70% of PCGS
values, which really sucks.
If your buying a few and not bulk stay with PCGS/NGC/ANACS and you
wont get scalped buying cleaned/details coins etc
