> Yes, slabs do have their use, but it scares me that they are so
> inconsistent in grading. I have seen this in "the major companies'
> slabs" too, so it is not just an ANACS thing.
As a person who hates slabs and loves cardboard-mylar 2x2s, I
will have to admit that slabs do provide excellent mechanical
protection for the coin. They also make the coin impossible
to study or really appreciate.
Case is point: Does ANYBODY know what a BG533 (Calgold octagonal
dollar) is supposed to weigh? PCGS doesn't! How can a decent
survey be done if 90+% of the better grade coins are in slabs?
> Also, I doubt that it makes the coins more marketable. I do
> not get more money for a coin when selling a slab, than I do for
> unslabbed. In fact, sometimes the coin is worth less, because when
> they undergrade, the dealer will only pay for the grade on the slab.
> Yes, I should have cracked out some of those slabs...
Since you know some honest, trustworthy dealers, AND you know
how to grade, AND you know how to read a price sheet, AND how
know what price sheets are good and which are garbage YOU don't
need to see the grade on the slab to conduct a fair deal.
Your heirs may be different. If they take your coins to a
coin dealer, that dealer may undergrade them several notches,
not recognize rare die varieties, and then quote some outrageously
Instead of slabbing, my solution to this problem has been to
try to educate my potential heirs. I keep a paper and computer
list of my coins, their grade, what I paid for it, and what it
should be worth. I talk to these folks in some detail, even if
they are not particularly interested in coins. Usually they
will listen and get the important points in their head.
I don't know if this will be effective; you only get one try and
you'll never get to know the results...
Most things worth doing aren't easy.
Mike is EAC #4357, LSCC #1636, JRCS #841, ANA #R-170301, CCS #F11, SPPN
Visit our home page http://www.rahul.net/karenml for a coin book review,
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