Europeans are Slow

After buying some coins from the Canadian Mint and seeing the beautiful
quality of the wooden boxes they came in made me cringe at the sight of
what the US Mint uses for its packaging, cheap crap at a high price : (

Colin Kynoch wrote in message . ..
On Sat, 31 Jan 2004 22:47:25 -0600, Jorg Lueke
wrote:

To see the brilliance of slabbing. No more pewter Thalers or hammered
pennies made by Artie next door. When will they learn?

I personally can't see the attraction of slabbing coins.

Australia had a company that tried it, and they were not successful.

I hope this stays that way.

I will be posting some articles form Australian Coin Review on the
Aussie viewpoint on slabbing in the near future.

Needless to say most were not all that complimentary.


I am not at all surprised. Slabbing takes away one of the ways dealers
are able to cheat buyers. Why would they willingly give that away?


Colin Kynoch

On 5 Feb 2004 11:08:18 -0800, (bob peterson) wrote:

Colin Kynoch wrote in message . ..
On Sat, 31 Jan 2004 22:47:25 -0600, Jorg Lueke
wrote:

To see the brilliance of slabbing. No more pewter Thalers or hammered
pennies made by Artie next door. When will they learn?

I personally can't see the attraction of slabbing coins.

Australia had a company that tried it, and they were not successful.

I hope this stays that way.

I will be posting some articles form Australian Coin Review on the
Aussie viewpoint on slabbing in the near future.

Needless to say most were not all that complimentary.


I am not at all surprised. Slabbing takes away one of the ways dealers
are able to cheat buyers. Why would they willingly give that away?


It was from dealers, customers, and writers.

The buying public have voted on slabbed coins in Australia and they
didn't want them.

Personally I think dealers that slab coins are looking for additional
ways to cheat buyers.


Colin Kynoch

In article Colin Kynoch writes:
....
Personally I think dealers that slab coins are looking for additional
ways to cheat buyers.

Like using slabbers that are not really up to snuff?

At least between Europe and the US the number of different coins (with
respect to type) is *so* large. I have close to 2000 coins, and I
collect by type only. Most from Europe. I would not know how many
are falsifications (there may be), but I do not know anybody in Europe
with enough knowledge to verify them even for that. When you have a
coin of large value, you will in general have a paper from a well-known
dealer showing the coin is not a falsification, and when you sell such
a coin, the paper goes with it. As far as classification is concerned
is in the eye of the beholder. And whether a better classification
really needs to get a better price is also a question of taste.

In the postage stamp business, I know that there are quite a few stamps
that will yield you more money when they are used than when they are
not used. Only because used stamps of the variety are scarcer than the
unused ones.

When we use the slabbers philosophy, a Franklin Mint coin, direct from
the mint would get you more money than a coin that really circulated.
There is a bit of a dichotomy between the "coin collectors". On the
one hand there are the pure collectors (i.e. those that keep or buy a
coin because it fits logicaly in their collection) and the investors
(i.e. those that keep or buy a coin with the expectation that the value
will go up). I definitely am sitting in the first category. From the
collection I have, *only* duplicates will go out. Slabbing tends to
protect the investors (as does the hobby act apparently).
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/

On Fri, 6 Feb 2004 02:46:30 GMT, "Dik T. Winter"
wrote:

In article Colin Kynoch writes:
...
Personally I think dealers that slab coins are looking for additional
ways to cheat buyers.

Like using slabbers that are not really up to snuff?

That and the progessive grade slippage.

Otherwise there should be no difference between slabs from 5 years ago
and slabs of today, yet reading this ng it has become apparent that
even PCGS is considered guilty of this.

snip

Colin Kynoch

Folks,

As a nebbie I'm confused by this thread. If I've been reading it
correctly, it suggests that European coins aren't slabbed. But on eBay,
I see LOTS of European coins in PCGS, NGC, and other slabs.

Thanks,

Scot Kamins
--
Currently liquidating a collection of US slabs
For a list, see http://www.dogeared.com/coins.html

On Fri, 06 Feb 2004 17:48:37 -0800, Scot Kamins
wrote:


Folks,

As a nebbie I'm confused by this thread. If I've been reading it
correctly, it suggests that European coins aren't slabbed. But on eBay,
I see LOTS of European coins in PCGS, NGC, and other slabs.

Most probably slabbed by Americans for Americans.

Slabing is peculiar (generally speaking to the US)

I have my thoughts on the reasons, but choose to not voice them lest I
be considered jealous.

Colin Kynoch

"Colin Kynoch" wrote in message
...
On 5 Feb 2004 11:08:18 -0800, (bob peterson) wrote:

Colin Kynoch wrote in message
. ..
On Sat, 31 Jan 2004 22:47:25 -0600, Jorg Lueke
wrote:

To see the brilliance of slabbing. No more pewter Thalers or hammered
pennies made by Artie next door. When will they learn?

I personally can't see the attraction of slabbing coins.

Australia had a company that tried it, and they were not successful.

I hope this stays that way.

I will be posting some articles form Australian Coin Review on the
Aussie viewpoint on slabbing in the near future.

Needless to say most were not all that complimentary.


I am not at all surprised. Slabbing takes away one of the ways dealers
are able to cheat buyers. Why would they willingly give that away?


It was from dealers, customers, and writers.

The buying public have voted on slabbed coins in Australia and they
didn't want them.

Personally I think dealers that slab coins are looking for additional
ways to cheat buyers.

I agree that IF the dealer is a self-slabber, than stay away. there is no
benefit and every reason to be suspicious. But if the coin is authenticated
and graded by a reliable independent third party, it tends to lessen the
advantage the dealer presumably has over the average coin buyer.



Colin Kynoch

"Colin Kynoch" wrote in message
...
On Fri, 06 Feb 2004 17:48:37 -0800, Scot Kamins
wrote:


Folks,

As a nebbie I'm confused by this thread. If I've been reading it
correctly, it suggests that European coins aren't slabbed. But on eBay,
I see LOTS of European coins in PCGS, NGC, and other slabs.

Most probably slabbed by Americans for Americans.

There are a LOT of fake gold coin out there, and with slabbing by NGC and
PCGS as cheap as it has become, passing it by their eyes to make sure its
real (and having a guarantee to fall back on makes a lot of sense to a lot
of people.


Slabing is peculiar (generally speaking to the US)

I have my thoughts on the reasons, but choose to not voice them lest I
be considered jealous.

Colin Kynoch

On Fri, 6 Feb 2004 21:52:17 -0600, "Bob Peterson"
wrote:


"Colin Kynoch" wrote in message
.. .
On Fri, 06 Feb 2004 17:48:37 -0800, Scot Kamins
wrote:


Folks,

As a nebbie I'm confused by this thread. If I've been reading it
correctly, it suggests that European coins aren't slabbed. But on eBay,
I see LOTS of European coins in PCGS, NGC, and other slabs.

Most probably slabbed by Americans for Americans.

There are a LOT of fake gold coin out there, and with slabbing by NGC and
PCGS as cheap as it has become, passing it by their eyes to make sure its
real (and having a guarantee to fall back on makes a lot of sense to a lot
of people.

Some can think for themsleves and work it out for those that can't
there is slabbing.

Colin Kynoch