CWOS Coins worthy of slabbing

autocoupler · December 01, 2015, 08:05:45 PM

Will the seemingly increased growth in third party graded coins (TPG's) eventually be a boon to those who stick with their so called raw coins. As time moves on and the task of seeking those ideal examples for slabbing becomes more difficult due to an ever dwindling supply of quality raw coins, the value of such coins worthy of slabbing (CWOS) must surely increase.

All things considered and coupled with the apparent high cost involved in the slabbing process along with slashed current values, as well as increased risk due to the lack of a local franchise, are those in possession of CWOS better off keeping them in their saflips and waiting for that rainy day?

trout · December 01, 2015, 08:31:55 PM

I would imagine that there are many many "CWOS" (what a great term) in the older collectors hands and these will "trickle" out onto the market eventually.
TPG graded coins in Australia is still a tiny part of the market unlike it is in the US and Canada, But it IS catching on a lot of this is due to the amount of fake/counterfeit coins out there and the practice of over graded and cleaned coins being sold to the unweary.

I agree that there Must be a hidden wealth of top quality coins quietly sitting in albums, boxes and even knickers draws around the country just waiting to be discovered, the trick is how do we find these treasures??

stevo1962 · December 01, 2015, 08:34:42 PM

The quest for high value raw coins is continuous but the true value for me cannot be known until they are
slabbed as there can be a fine line between rare and common with some graded issues and not many of us
are able to see that line so raw coins will always be relatively cheaper in my view

Goldseeker · December 01, 2015, 08:40:56 PM

Downies latest catalogue have a few PCGS Slabbed coins and the prices asked for are quite amazing.

Maybe if one has some good coins and got them slabbed, then the prices achieved could be quite rewarding.

trout · December 01, 2015, 08:56:43 PM

I have noticed that since PCGS/NGC coins have become more "Acceptable" to collectors Many sellers on eBay are pricing their coins at the same value as the TPG coins.
I am basing this on what I have seen happening to the BIN prices asked for raw Canberra florins on eBay over the last 6-12 months.

Like Steve said the PCGS/NGC coin will sell better than a raw coin at the same price simply because it is what it is graded at and there is NO risk of the coin being a lesser grade/cleaned or even fake with the TPG coin.

Back to the original idea with stashing away a few "CWOS" raw in saflips.
Why would you bother when you could have it graded then stash it away for a rainy day?
That way it would be better protected (The new PCGS slabs are "Air Tight" ) and when you do eventually go to sell it the process will be so much easier than if you left it raw :ok:

serial · December 01, 2015, 09:09:09 PM

CWOS are out there, you just needs to spend a huge amount of time hunting them. most people are better of just opening their check book up as their time is better spent earning money. but for some of us its all about the hunt! I have spent hours flipping through coin dealers/collectors files at coin shows looking for CWOS and love it when I find a gem

echidna · December 01, 2015, 09:39:25 PM

Many collections were put together during the 60s and 70s.
Most were average, some top quality.
When these old time collections appear much interest is generated.
And the quest for top pop coins becomes a feeding frenzy at some auctions.

We all know what the rare and scarce dates are.
But PCGS numbers will eventually show what are the conditional rarities.
There will be surprises I reckon.

I'm not a big fan of flips for long term storage.
The plastic is hard and will rub the high points over time especially if the rims are low.
Sort of like cabinet friction.
The soft 2x2s are better I think.

autocoupler · December 01, 2015, 11:50:41 PM

Excellent points of view everyone. There must be a large number of collectors out there who hold such examples, and I reckon this subject would have touched their thoughts at some time or other.

Basil · December 02, 2015, 08:32:06 AM

Quote from: 'echidna' pid='82091' dateline='1448968165'I'm not a big fan of flips for long term storage.
The plastic is hard and will rub the high points over time especially if the rims are low.
Sort of like cabinet friction.
The soft 2x2s are better I think.

I agree,seen too many coins,esp Silver,with a crescent mark from the tongue tucked in to the flip itself.
I always use adhesive 2x2's with a staple or 2 for long term storage,haven't had a problem so far.

JeffH · December 02, 2015, 08:46:46 AM

I have some C(maybe)WOF but have not had any slabbed. One of my coins I gave to a fellow forum member was slabbed and came back MS62. At that grade It is not really worth the cost to have a 1966 50¢ slabbed. A second one in the same submission came back UNC details, cleaned -we both thought that was the better coin of the two.

I am happy to just sit and wait. Might get some sent off one day if I think I do have any worth the exercise. Studying PCGS photos (and some of trout's) I am thinking that I could be too severe with some of my grading estimates. I notice some with minor rim dents have obtained good grades and I tend to put similar ones down because of that.
All a learning exercise.

trout · December 02, 2015, 09:09:36 AM

Quote from: 'JeffH' pid='82107' dateline='1449008206'I have some C(maybe)WOF but have not had any slabbed. One of my coins I gave to a fellow forum member was slabbed and came back MS62. At that grade It is not really worth the cost to have a 1966 50¢ slabbed. A second one in the same submission came back UNC details, cleaned -we both thought that was the better coin of the two.

I am happy to just sit and wait. Might get some sent off one day if I think I do have any worth the exercise. Studying PCGS photos (and some of trout's) I am thinking that I could be too severe with some of my grading estimates. I notice some with minor rim dents have obtained good grades and I tend to put similar ones down because of that.
All a learning exercise.

Finding a 1966 50 cent coin in MS64 and higher is pretty hard due to these coins being treated as Bullion and looked after accordingly, that is just chucked into buckets and bags without any concern for the coin itself :dash1:

Most of us have fallen into the trap of looking at our collections and seeing a coin that stands out above the others and naturally assuming that is has to be a High grade coin In most cases this is Not so, Been there done that :s
The most important thing to consider before sending any coins to a TPG is to grade them accurately don't just send them because you think they look "Nice", Give them a real GOOD looking over and be Impartial as failure to do this normally leads to disaster.. Been there done that as well :cray::dash1:

stevo1962 · December 02, 2015, 09:51:17 AM

Yes I have done the 1966 50 cent run myself looking for the elusive MS66 but have ended up with
grades from MS62 to MS65.Now I have some slabbed coins for reference and I won't send anything
over that I think will achieve anything less than MS64 and as Jeff said it's a learning exercise

Goldseeker · December 02, 2015, 09:14:01 PM

Talking of CWOS, I have two 1930 pennies, two 1923 halfpennies, two 1921/22 threepences and a 1966 20c Wavey Line.

These coins are forming the backbone of my collection and one each of pennies, halfpennies and threepences have been certified as genuine by the RAM and I have the papers to show this as well as the photos taken by the RAM of these three coins.

Now, the question is, regardless of the grades of these coins, should I get them slabbed.

Further, who on this forum would take on the task of sending them away for me if I pay for the costs.

TIA for any comments, recommendations etc that may be forthcoming.

echidna · December 02, 2015, 09:25:36 PM

Quote from: 'Goldseeker' pid='82133' dateline='1449053041'Talking of CWOS, I have two 1930 pennies, two 1923 halfpennies, two 1921/22 threepences and a 1966 20c Wavey Line.

These coins are forming the backbone of my collection and one each of pennies, halfpennies and threepences have been certified as genuine by the RAM and I have the papers to show this as well as the photos taken by the RAM of these three coins.

Now, the question is, regardless of the grades of these coins, should I get them slabbed.

Further, who on this forum would take on the task of sending them away for me if I pay for the costs.

TIA for any comments, recommendations etc that may be forthcoming.

If it were me I would definately get the 1930 pennies PCGS graded at least.
Eric is very good and cost would be about $150 each.

ausproofs · December 02, 2015, 09:25:41 PM

Quote from: 'Goldseeker' pid='82133' dateline='1449053041'Talking of CWOS, I have two 1930 pennies, two 1923 halfpennies, two 1921/22 threepences and a 1966 20c Wavey Line.

These coins are forming the backbone of my collection and one each of pennies, halfpennies and threepences have been certified as genuine by the RAM and I have the papers to show this as well as the photos taken by the RAM of these three coins.

Now, the question is, regardless of the grades of these coins, should I get them slabbed.

Further, who on this forum would take on the task of sending them away for me if I pay for the costs.

TIA for any comments, recommendations etc that may be forthcoming.

Hey GS,

You can use someone like Eric or Walter to send the coins to PCGS. If you are in Melbourne, Walters office is in the city... worth grading your coins :yahoo: