HomeNumismatic TermsRaw Coin - When a Slab Just Won't Do

Raw Coin – When a Slab Just Won’t Do

Raw Coins: Silver dollars and silver half dollar coins. Image: Adobe Stock.
Raw Coins: Silver dollars and silver half dollar coins. Image: Adobe Stock.

(n.)

A “raw” coin is simply a coin that is not semi-permanently encapsulated in a plastic holder. In other words, a coin in its natural, plucked-from-circulation (or fresh-from-the-mint) state.

According to numismatist John Michael Murbach (see Sources below), the phrase “raw coin” dates back to the year 1986 or ’87, which places its origin at around the same time that the major commercial third-party grading services PCGS and NGC were founded.

Some collectors–especially collectors of ancient coins or early American coppers–like to be able to feel a coin in their hand, and prefer to keep their coins unencapsulated.

It is usually not a good idea to buy a valuable or rare coin in its raw form unless you are an expert in coin authentication.

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Sources

https://malakoff.com/cms.htm

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CoinWeek Notes
CoinWeek Notes
CoinWeek Notes presents expert analysis and insights from Charles Morgan and Hubert Walker, the award-winning editors of CoinWeek.com.

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