The slabbing thread

[Unicorn]

There must be a hefty discount for bulk slabbing or something.

Arheacoins have been listing slabbed decimals some of which are buy it now $15 for PCGS slabs?

[wwwww]

There must be a hefty discount for bulk slabbing or something.

Arheacoins have been listing slabbed decimals some of which are buy it now $15 for PCGS slabs?

Post-65 coins are cheaper but they still end up at around $30/coin depending on the quantity you send (including shipping, insurance, etc). The minimum rate is $20.92 ($16 + $1.40 shipping + 10% GST /AUD) so the more coins you send over, the more the cost approaches that price.

The thing is with decimals is they're much easier to send by the set. You get some PR67DCs, some PR68DCs and some PR69DCs. PR69s you can likely sell for a profit, PR67-68s you won't get your slabbing fee back for. If you get a PR70DC you get a huge profit though these are very rare.

Dealers have to sell PR67s and PR68s at a loss, there's no point asking $35 for them because nobody will buy them.

[Unicorn]

Thanks for that pricing info Walter, greatly appreciated.

[trout]

I just changed the name of this thread to reflect its content :ok:

[duggee27]

i have both raw and slabbed
either way if the coin is good enough i will buy it
but sooner or later i will get the better ones slabbed when i finish admiring them in their raw state such as my stunning 1966 half/penny - i reckon 66/67RD so my 'grandies' (none yet) can do what they like with them.
meanwhile am trying to control the buy buy disease
:good::dance2:

[trout]

meanwhile am trying to control the buy buy disease

Good luck with that Mate :angel:

[stevo1962]

meanwhile am trying to control the buy buy disease

Good luck with that Mate :angel:

Yeah I know the feeling

[robbiegal]

i have both raw and slabbed
either way if the coin is good enough i will buy it
but sooner or later i will get the better ones slabbed when i finish admiring them in their raw state such as my stunning 1966 half/penny - i reckon 66/67RD so my 'grandies' (none yet) can do what they like with them.
meanwhile am trying to control the buy buy disease
:good::dance2:

1966 halfpenny? ..........

lemme see it buster!! ha ha

[wwwww]

Probably English.

[robbiegal]

ooops
silly me
would still like to see it
the English coins are beautiful
I have a glorious 1964 English penny

[Fr45h3R]

Whilst I buy most of my coins in slabs, I normally buy at auction and pay around the price I would expect to pay for a raw coin.
On top of this, Eric always has excellent pricing on his slabs. I visit the Petersham fair regularly and his slabbed coins are around the same price as the raw coins other dealers are offering sometimes better.

If I can add one thing to this thread, is that it isn't all profit for those slabbing coins.
Take the example of the 1937 Crown. Here is the population report for KGVI Crowns in the 20 - 58 range.
http://www.pcgs.com/pop/detail.aspx?c=5055&t=2

With the cost of slabbing coming in around the $45 mark, the bluesheet of an AU58 @ $70, and currently @ $18.51 silver value, even if the you bought at silver prices, you're going to make under $10 on the coin.
So I don't think it's really a coin you would send over to slab unless if it were UNC, but there are 48 out of 187 total coins slabbed that did not meet the PCGS 'MS' grading.

So with just over 25% of coins coming back under MS, my thoughts are that many 'collectors' are also sending their own coins over, and finding out their 'UNC's were not really UNC at all...

[trout]

If I can add one thing to this thread, is that it isn't all profit for those slabbing coins.

I agree there may be a few coins that are really not worth the effort But IF there was NO profit in it then the dealers and everyone else wouldn't send the coins away.
Of course there IS a profit in it and yes it IS "value adding", I personally don't have an issue with that :ok:
Everyone has to make a living after all.
But the attitude of "that can't be real or it would be in a slab" is bloody annoying.
I have bought many coins in slabs at reasonable prices and have "Cracked them out" simply because I like to be able to handle and touch my coins and a 2x2 takes up way less space than a slab.
In my view the slabbed coins are aimed at the "Investor Collector" and not at the collectors that simply collect for their own enjoyment.
If (God forbid) I ever had to liquidate my collection I would get a large majority of them graded and slabbed by PCGS because I know I would get more for them.
Slabbing IMHO has absolutely nothing to do with collecting it is ALL about getting the best price for a coin, Simple as that :ok:

[dcoin]

If I can add one thing to this thread, is that it isn't all profit for those slabbing coins.

I agree there may be a few coins that are really not worth the effort But IF there was NO profit in it then the dealers and everyone else wouldn't send the coins away.
Of course there IS a profit in it and yes it IS "value adding", I personally don't have an issue with that :ok:
Everyone has to make a living after all.
But the attitude of "that can't be real or it would be in a slab" is bloody annoying.
I have bought many coins in slabs at reasonable prices and have "Cracked them out" simply because I like to be able to handle and touch my coins and a 2x2 takes up way less space than a slab.
In my view the slabbed coins are aimed at the "Investor Collector" and not at the collectors that simply collect for their own enjoyment.
If (God forbid) I ever had to liquidate my collection I would get a large majority of them graded and slabbed by PCGS because I know I would get more for them.
Slabbing IMHO has absolutely nothing to do with collecting it is ALL about getting the best price for a coin, Simple as that :ok:

Slabbing doesn't always equate to value, take the below example a MS63 1937 crown for $150 which would equate to UNC/Choice-UNC, it would be hard finding a raw example at any auction for that price let alone factoring in the cost of grading. Then again if that same coin was MS64 it would be at least $300 although would probably be described the same by a dealer or auction house.

http://www.thepurplepenny.com/696,pcgs-ms63-australia-1937-crown-5s-uncirculated.html

I don't agree that good or genuine coins have to be slabbed, to me slabbing a fine 1923 half penny makes little to no sense, a coin like that I would prefer to have in a 2 x 2 or even in an album.

[trout]

If I can add one thing to this thread, is that it isn't all profit for those slabbing coins.

I agree there may be a few coins that are really not worth the effort But IF there was NO profit in it then the dealers and everyone else wouldn't send the coins away.
Of course there IS a profit in it and yes it IS "value adding", I personally don't have an issue with that :ok:
Everyone has to make a living after all.
But the attitude of "that can't be real or it would be in a slab" is bloody annoying.
I have bought many coins in slabs at reasonable prices and have "Cracked them out" simply because I like to be able to handle and touch my coins and a 2x2 takes up way less space than a slab.
In my view the slabbed coins are aimed at the "Investor Collector" and not at the collectors that simply collect for their own enjoyment.
If (God forbid) I ever had to liquidate my collection I would get a large majority of them graded and slabbed by PCGS because I know I would get more for them.
Slabbing IMHO has absolutely nothing to do with collecting it is ALL about getting the best price for a coin, Simple as that :ok:

Slabbing doesn't always equate to value, take the below example a MS63 1937 crown for $150 which would equate to UNC/Choice-UNC, it would be hard finding a raw example at any auction for that price let alone factoring in the cost of grading. Then again if that same coin was MS64 it would be at least $300 although would probably be described the same by a dealer or auction house.

http://www.thepurplepenny.com/696,pcgs-ms63-australia-1937-crown-5s-uncirculated.html

I don't agree that good or genuine coins have to be slabbed, to me slabbing a fine 1923 half penny makes little to no sense, a coin like that I would prefer to have in a 2 x 2 or even in an album.

With the proliferation of fake high value coins on the market I can understand the need for a TPG grading, It does cut out the BS sellers in the market place.
The 1923 1/2 penny and the 1930 penny are prime examples of the raw fake coins on ebay 24/7 and I personally wouldn't be comfortable buying one of these unless it was slabbed or has come from a dealer or person  I trust implicitly :ok:

[robbiegal]

http://coins.about.com/od/coingrading/ig/Fake-PCGS-Slab-Diagnostics/

http://www.pcgs.com/News/Counterfeit-Pcgs-Holders

http://www.ebay.com/gds/Fake-PCGS-Holders/10000000006356027/g.html