Slabbing Thoughts Seasonally Inspired?|
February 20, 2014
It is a bitterly cold winter in Iola, Wis., this year. Our overnight lows are not unheard of as anyone who has lived here for any length of time knows, but they are still enough to drive one inside.
Coin collecting has long been known as an inside activity, and one that usually has its most active season during the winter months when those of us who live in cold climates need something to do to keep from going stir crazy.
That, of course, is not the reason I collect coins, but it is a reason that I find that I get some of my best work done during the cold months. Distractions are all too common in the summer months as other activities beckon.
While I am cutting the lawn I don’t usually think of new Austrian Mint coin issues, or whether bitcoins will catch on permanently as an international currency. It is far easier to actually think about things during the winter. Perhaps that is why World Coin News received so many responses to a recent poll question about slabbing world coins.
I thought the points raised were very interesting and I dedicated all of the letters space below to some of them.
Slabbing world coins is in its early days worldwide, but it is slowly and steadily making headway thanks to the shrewd business sense of the major grading services that have opened offices in China. There is a lot of money to be made in slabs there.
The rest of the world will notice and adapt.
It has taken a generation for slabbing U.S. coins to completely carry the day, but it has done so. Neither collectors nor dealers of U.S. coins can do without third-party grading services.
Of course, the sheer variety of world issues, which stretch back roughly 2,700 years means it will take slabbing longer to conquer the world, but it will do so.
The value of having a coin certified not only as authentic but of a specific grade is a great help. It is also a private sector defense against the flood of counterfeits that are being created in China.
I believe the thoughts expressed below will be on the numismatic agenda for a long time to come.
More Coin Collecting Resources:
• February only! Save 50% on the most comprehensive world paper money CDs.
• Strike it rich with this U.S. coins value pack.
• Build an impressive collection with Coin Collecting 101.
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