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starwarsgeek171
Penny Hoarding Member
USA
564 Posts |
 Posted - 05/13/2008 : 14:56:49
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I think I may be addicted to slabbed ASEs in MS and PF 70 grades(PCGS and NGC slabs only). Am I a slave to a trend? Will these coins hold onto their premiums, or am I throwing money away?
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Ardent Listener
Administrator
USA
2226 Posts |
Posted - 05/13/2008 : 15:21:36
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| My first reaction was to say you are throwing your money away but as I thought about it if the preminum isn't all that much it might not be such a bad idea. Consider in the future when a one ounce silver coin will have almost as much clout as a gold coins do now. Just think how great it would be to have a 70 grade coin then. I wouldn't go crazy investing in them but one for every new year might be something to consider. |
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NotABigDeal
1000+ Penny Miser Member
USA
1348 Posts |
Posted - 05/13/2008 : 18:00:09
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Whatever makes you happy. If the premiums aren't too high, why not. But for me, "slab" is a four letter word....
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
Steady looking for the elusive Indian head.... |
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starwarsgeek171
Penny Hoarding Member
USA
564 Posts |
Posted - 05/13/2008 : 18:05:24
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Proof 70 2008 @ $75 on eBay? Seemed ok because I've seen them run up to a $100+!
Most dealers ask around $90 in my area. Coin magazine prices vary. I do like them a lot (aesthetically speaking), and they store nicely in safety deposit boxes too! |
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just carl
Penny Collector Member
USA
374 Posts |
 Posted - 05/14/2008 : 08:22:05
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Yes and No. Yes due to the numerous counterfeits, fakes, copies, etc that are flooding the market from China presently. Purchasing a coin in a slab does present a slight feeling of security. For lesser value coins that is still a waste to have them slabbed or purchase them in a slab but for anything of value it is almost now a necessity. No due to the now ever growing number of TPGS appearing and no one knows which ones are for real. At first it was the couterfeits coins but now there are many counterfeit slabs also. Then in addition to that there are many that know how to open a slab, change the coin and reseal them.
So almost any thing you now do with a slab is just a flip of a coin. |
Carl |
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starwarsgeek171
Penny Hoarding Member
USA
564 Posts |
Posted - 05/14/2008 : 10:31:22
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I think I have received a few opened slabs on eBay (coins switched). It's so obvious. How do they sleep at night?
Oh yeah, they've got my money. |
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PennehChaos.
Penny Pincher Member
USA
176 Posts |
Posted - 05/15/2008 : 11:53:20
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quote:
Originally posted by just carl
Yes and No. Yes due to the numerous counterfeits, fakes, copies, etc that are flooding the market from China presently. Purchasing a coin in a slab does present a slight feeling of security. For lesser value coins that is still a waste to have them slabbed or purchase them in a slab but for anything of value it is almost now a necessity. No due to the now ever growing number of TPGS appearing and no one knows which ones are for real. At first it was the couterfeits coins but now there are many counterfeit slabs also. Then in addition to that there are many that know how to open a slab, change the coin and reseal them.
So almost any thing you now do with a slab is just a flip of a coin.
Yeah, it's really unfortunate that the hobby has come to this. For the most part, i try to get around it by sticking to coins that aren't worth enough to bother counterfeiting them  i'd also recommend avoiding anything from California or NYC, just because they seem to be the main import points for fraudulent Chinese gear of all types. |
Nothing of value is an investment unless you possess it. If all you've got are paper, pixels, or promises, you're gambling. |
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just carl
Penny Collector Member
USA
374 Posts |
Posted - 05/21/2008 : 08:17:04
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quote:
Originally posted by lanispet
Yeah, it's really unfortunate that the hobby has come to this. For the most part, i try to get around it by sticking to coins that aren't worth enough to bother counterfeiting them i'd also recommend avoiding anything from California or NYC, just because they seem to be the main import points for fraudulent Chinese gear of all types.
[/quote]
As to a coin not being worth counterfeiting. I used to think that too but lately I've seen the stupidest things done to make a few cents. For example the people that are re coating, plating, polishing the 1943 Steel Cents. I just saw a tray of about 20 them for $0.25 each. Why would anyone spend the time and money to redo a cent to make a $0.25 coin worth $0.25 is a mystery.
I've seen coins dated 2005, 6 or 7 in slabs and all just a nothing coin. No end to this I guess. |
Carl |
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Slab Addiction!
