To spend the money for grading or sell raw???

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Bobsnewhobbie
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To spend the money for grading or sell raw???

#1 Unread post by Bobsnewhobbie »

[daniel, please help. I’m new to this and just had my first chance to buy a small collection to go with my first 6 months of super interested and trying to get educated in the hobby of coin collecting. I’m not filling books, just looking for errors and scarce value in my investment. Thank you so much, Robertfloat=left][/float]

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Re: To spend the money for grading or sell raw???

#2 Unread post by SensibleSal66 »

Please post coins that your concerned about one post per thread . Thanks .
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Paul
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Re: To spend the money for grading or sell raw???

#3 Unread post by Paul »

Welcome
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Earle42
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Re: To spend the money for grading or sell raw???

#4 Unread post by Earle42 »

Welcome.

The answer to this is not just "yes" or "no."

A coin that is rare and therefore valuable even in poor condition can bring a better price b/c the market has a lot of people who put blind faith in the opinions of the grading companies and will, therefore, lay out more cash for a slabbed coin (hidden meaning: Buy the coin, not the slab!😊)

So posting a pic of them here will enable us to help you make a better decision.

Below is an eye opener to the realities of slabbing companies that I have posted many times to try to help people learn:

Thinking of Slabbing? Make sure you understand the Facts...or You Could Lose Money.
1. The grading companies are not a way that the majority of people, even those with a great deal of experience who know what they are doing, are going to be able to use in order to make huge personal profits. Many people start using grading companies thinking they will find a way to finance their hobby, but they learn a hard lesson quickly.

2. Watch some of Daniel's videos where he gets pieces back form the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a widespread mistaken perception people get from being exposed to all the slabs being sold nowadays.

Coin grading companies are a business out to make a profit - this is why they exist. They use a system where (allegedly) three graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (bad day for graders), 63, 64, 65, 66 (great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. Personally having talked with former graders (granted - its been awhile), the process is very rushed since they told me graders are paid by how many coins they can get through in a day.

But..this is all hearsay without proof. So...
Grading the Coin Graders

Here is another good read from someone there at the start of the grading companies:
Hobby negative impacts from slabbing companies

Also link to and read (download if you want it) the pdf link in my signature. The verifiable data presented shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.

And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!"
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

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Daniel
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Re: To spend the money for grading or sell raw???

#5 Unread post by Daniel »

I am sorry to say this but you should not be buying coin collections without knowing enough about coins. You might end up buying fakes or paying too much. Let alone thinking of having them graded. You need to educate yourself before getting into it that deep.

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