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 Replies: 25 / Views: 3,669 |
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Valued Member
United States
71 Posts |
From my experience, error coins are always worth more slabbed than not. It's really hard to see some errors, like double dies and re-punches and sellers on ebay are notorious for miscalling errors. So if you sell a DDO on ebay without having it slabbed, a lot of buyers think you probably don't know what you're talking about and don't bother to bid. |
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Pillar of the Community
United States
9792 Posts |
 with that as well, especially on DDO's I'd venture a guess that more than half I see on ebay are actually Strike Doubling. And other ebay error claims are just PMD. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United Kingdom
2885 Posts |
The slabbing thing has not reached the UK or Europe to any extent so to us it seems like a waste of money (though that may be because I know few who collect modern coins where "perfection" can be measured) but I understand that some see it as part of the hobby. You might be interested in this thread - mostly about Canadian coins https://goccf.com/t/155404it highlights the danger of assuming a slab will guarantee authenticity, when it seems there are 1,000's of fake slabs (with fake coins) pulled from the market every year. It pays to be careful with everything you buy - assume nothing, particularly if spending big money Edited by Bacchus2
08/17/2013 04:32 am
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Pillar of the Community
United States
1003 Posts |
Yeah, Why do people do this. Once I bought a 1926-S Lincoln Cent for a hole filler. It cost $0.50. Kenny |
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Valued Member
United States
69 Posts |
I think it's very important that those new to the hobby buy certified coins from PCGS and NGC. Of course you should "buy the book before the coin" (thanks westcoin) and learn to buy the coin not the holder...it takes much time but it's all so enjoyable. |
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Valued Member
United States
171 Posts |
I was offered the following coin not long ago. At first glance, it was slabbed (ie genuine), but the coin looked suspicious to me so I checked the PCGS number and found it to match a 1893-S coin in the PCGS registry. I continued to follow the thread to find that the 1893-S in the PCGS registry had been sold through Heritage Auctions. When I went to compare the coin sold through Heritage to this one, they were far from the same coin. This was clearly a fake placed in a fake PCGS holder. When you purchase a TPG graded coin - be sure to evaluate not just the package but also the coin you are buying. Just because it's in a TPG holder doesn't guarantee that it is legitimate.  |
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Valued Member
United States
171 Posts |
Here's the actual coin graded by PCGS and sold on Heritage Auction site which sold for $16,100.00.  |
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Valued Member
United States
216 Posts |
Look at the detail just in the identification of the coin. The first thing I saw was that the real coin says "S$1" in the upper right hand corner and the fake one doesn't. What a bunch of poppycock...
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Pillar of the Community
United States
5825 Posts |
IMO you get a coin slabbed for three reasons.
In order of importance to me:
1. Is it authentic (most important)
2. Has it been "adjusted" in any fashion (cleaned or modified)
3. What is its grade (least important)
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Valued Member
United States
450 Posts |
1916 D dimes and 1909 S vdb cents come to mind.
So many fakes of both in the market place.
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Valued Member
United States
293 Posts |
Vanbroj is correct on 16-D dimes and 09-S-VDB cents. To that I will add 1877 Indian cents and any semi-key or key date Buffalo nickel in XF-40 or above. |
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Valued Member
United States
293 Posts |
Here's another thing to remember on slabs. In the Franklin half dollar series generally PCGS coins trade at about a 10% premium over NGC coins and that even applies to FBL. This is a good example though of buy the coin and not the plastic because only NGC actually attributes FBL Franklin's correct because they use BOTH sets of bell lines where as PCGS only uses the bottom set. |
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Bedrock of the Community
United States
20753 Posts |
At a coin show a dealer I know showed me a slabbed coin in a PCGS holder. I looked at it and realized it was a Roosevelt dime in a Cent slab. He had opened it somehow, changed the coin for fun. Resealed it so it was difficult to tell it had been done. He showed me the edges where he had redone the sealing. Now imagine how many other people could do that too. So even fakes from places like China are not the only things to watch for today. Yet nothing sells faster and better and at a premium than a PCGS slab. |
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Valued Member
United States
256 Posts |
I have, occassionally, getten a freebie coupon to get a coin slabbed. That is the only time I can see submitting a low value coin for grading.
Even then, there's an opportunity lost to get a more valuable coin graded.
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Pillar of the Community
1751 Posts |
Quote:At a coin show a dealer I know showed me a slabbed coin in a PCGS holder. I looked at it and realized it was a Roosevelt dime in a Cent slab. He had opened it somehow, changed the coin for fun. Resealed it so it was difficult to tell it had been done. He showed me the edges where he had redone the sealing. Now imagine how many other people could do that too. So even fakes from places like China are not the only things to watch for today. Yet nothing sells faster and better and at a premium than a PCGS slab. This is tremendously difficult to do and is usually obvious upon close inspection. Edited by FadeToBlack
08/26/2013 3:49 pm
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Posted 08/17/2013 03:43 am
