To Slab Or Not To Slab

To Slab Or Not To Slab

Post by Michael Franci » Fri, 26 Feb 1999 04:00:00



I need some advise from the coin collecting community. I have been given
about 12 uncirculated coins to be listed on Ebay on a consignment basis.
These are some beautiful coins: 1914 Barber quarter, 1917-S, 1925,
1926-D, 1930 Standing Liberty Quarters, 1828 Bust Half, 1842,
1861-O,1865, 1873 Sitting Liberty Halves as well as several other AU
coins. The dealer I received these coins from has graded them using
terms such as BU, Ch BU, and Gem BU which I find to be less than helpful
for listing these coins. I have had very little experience in grading
coins of this condition and wouldn't know the difference between a MS-62
and a MS-65 if my life depended on it!! I had planned to take digital
pictures of each and list them as raw coins but am now wondering about
the merits of certification. In your experience have you found it to be
worth your time and effort to get coins such as these slabbed prior to
listing for sale on Ebay? Since I'm selling the coins on a consignment
basis I'd be responsible for the cost of certification myself. Do you
think it would be worth it? Do certified coins sell that much better on
Ebay than raw coins to justify the additional cost?   And if I do get
them certified, which service would you recommend?
 
 
 

To Slab Or Not To Slab

Post by Money » Sat, 27 Feb 1999 04:00:00


I wouldnt buy from ebay unless it was either slabbed or a very cheap coin.  my
opinion only.

 
 
 

To Slab Or Not To Slab

Post by J Engelke » Sat, 27 Feb 1999 04:00:00


Michael Francis typed:

I need some advise from the coin collecting community. I have been given
about 12 uncirculated coins to be listed on Ebay on a consignment basis.
These are some beautiful coins: 1914 Barber quarter, 1917-S, 1925,
1926-D, 1930 Standing Liberty Quarters, 1828 Bust Half, 1842,
1861-O,1865, 1873 Sitting Liberty Halves as well as several other AU
coins. The dealer I received these coins from has graded them using
terms such as BU, Ch BU, and Gem BU which I find to be less than helpful
for listing these coins. I have had very little experience in grading
coins of this condition and wouldn't know the difference between a MS-62
and a MS-65 if my life depended on it!! I had planned to take digital
pictures of each and list them as raw coins but am now wondering about
the merits of certification. In your experience have you found it to be
worth your time and effort to get coins such as these slabbed prior to
listing for sale on Ebay? Since I'm selling the coins on a consignment
basis I'd be responsible for the cost of certification myself. Do you
think it would be worth it? Do certified coins sell that much better on
Ebay than raw coins to justify the additional cost?   And if I do get
them certified, which service would you recommend?

Hi, Michael.  Personally slabbing means nothing to me unless it is done on a
coin that counterfeiting is a real problem, like a 1916D Mercury Dime.  The
services are good for authenicating coins but their grading varies
considerably from day to day... so what would be graded an EF one day could
be graded an AU on another.  A good scan or digital photo is good enough for
most people.  I won't say don't send them away for slabbing, but be prepared
to be disappointed if the grade comes back lower than expected and you're
out the money for the slab.  You might get lucky and get a vastly higher
grade than expected, but that seems to be the exception and not the rule.
This is my opinion.

Jeff

 
 
 

To Slab Or Not To Slab

Post by PFDJ » Sat, 27 Feb 1999 04:00:00


Quote:

>>>I need some advise from the coin collecting community. I have been given

about 12 uncirculated coins to be listed on Ebay on a consignment basis. These
are some beautiful coins: 1914 Barber quarter, 1917-S, 1925, 1926-D, 1930
Standing Liberty Quarters, 1828 Bust Half, 1842, 1861-O,1865, 1873 Sitting
Liberty Halves as well as several other AU coins. The dealer I received these
coins from has graded them using terms such as BU, Ch BU, and Gem BU which I
find to be less than helpful for listing these coins. I have had very little
experience in grading coins of this condition and wouldn't know the difference
between a MS-62 and a MS-65 if my life depended on it!! I had planned to take
digital pictures of each and list them as raw coins but am now wondering about
the merits of certification. In your experience have you found it to be worth
your time and effort to get coins such as these slabbed prior to listing for
sale on Ebay? Since I'm selling the coins on a consignment basis I'd be
responsible for the cost of certification myself. Do you think it would be
worth it? Do certified coins sell that much better on Ebay than raw coins to
justify the additional cost?   And if I do get them certified, which service
would you recommend?<<<

You may want to visit the Coin Universe web site (www.coin-universe.com) and
check their daily price guides for your coins. You may find that there will be
a big jump in value with just a one point increase in MS grade. If this is the
case I would suggest getting them slabbed so you will have a better idea of
howto price them on Ebay.

To keep the cost down I suggest submitting them to PCI. They have the lowest
grading fee ($7.50 or $8.00) per coin and accept submissions directly from
collectors. They will also certify problem coins....such as coins that have
been cleaned....a possibility if you purchased these BU coins through the mail.
Other grading services will return "cleaned coins" in a "body bag" and keep
your grading fee.

Visit the PCI web site for submission information:

http://bertha.chattanooga.net/pci/index.html

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Phil DeMayo
Coinmasters 1188
ANA R-182606

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