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Are Slabbed Key Coins A Wise Idea?

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 Posted 07/18/2017  2:50 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I just got an ICG slabbed coin. I am surprised it's in a hard plastic casing. I am not quite sure how to go about cracking it open. Kinda surprised how small it is!
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 Posted 07/18/2017  4:02 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list

Quote:
Earle42: My problem is the possibility (even if very slight) of fake slabs


Good and valid point. I had totally forgotten the idea of slab authenticity when posting. Thanks for the reminder.

Also, anyone who googles "how to detect a fake coin slab," or something similar, can get oodles of info and pics off the internet (from many sites) for themselves. Its a lot less expensive than paying someone else mucho dinero to do it.

One of our own members (trying to remember who) has just such a sight to help us learn how to detect fakes.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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 Posted 07/18/2017  4:26 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list
I like slabs, I don't like slabs...

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 Posted 07/18/2017  5:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I am surprised it's in a hard plastic casing.
It is a slab. What were you expecting?
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 Posted 07/18/2017  6:50 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
My iddgit relatives would be the ones to take every coin out of 2x2's and albums then take them to a COINSTAR!

Now they will be cursing you for putting them in those dang holders that so so much harder to get them out of so they can take them to the Coinstar. until they figure out to put a bunch in a heavy canvas bag and slam them against the concrete a few times. Breaks them out real easy. Then coinstar here we come.
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 Posted 07/18/2017  7:27 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list

Quote:
Quote:
I am surprised it's in a hard plastic casing.
It is a slab. What were you expecting?


Aren't all ICGs from Canada in flips normally?
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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 Posted 07/18/2017  9:14 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I've never had an actual slabbed coin from PCGS, NGC, ANACS, or ICG. I always thought they were in a softer plastic. I've only had slabs from ICCS which are in a plastic flip. So this is new to me.
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 Posted 07/18/2017  9:54 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list
How does that work with ICCS? What's to stop someone from replacing the graded coin with a different one if it's only in a plastic flip?

To answer the original question - I think buying key dates slabbed is the only way to go if buying online (and even then there are fake slabs). Many key dates are way overpriced though IMO. For example the 1909-s vdb. They made half a million and many were saved. There's more than enough to go around.
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 Posted 07/18/2017  10:18 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
I made a mistake in thinking ICG was ICCS. ICCS is the one I have seen tons of flips for auction on ebay such as this one:
http://www.ebay.com/itm/1870-LCW-Ca...AOSwrfVZURx0

Its just in a flip.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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 Posted 07/18/2017  11:22 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list
I collect for fun to fill up my Dansco Albums, but I also collect as an investment.
Fun is filling up the albums, investment is buying slabbed and storing them away for years.
Mark
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My7070
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 Posted 07/19/2017  12:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I've never had an actual slabbed coin from PCGS, NGC, ANACS, or ICG. I always thought they were in a softer plastic. I've only had slabs from ICCS which are in a plastic flip. So this is new to me.
Ah, okay, that makes sense now.
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 Posted 07/20/2017  2:49 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
How does that work with ICCS? What's to stop someone from replacing the graded coin with a different one if it's only in a plastic flip?

The flip is sealed with a custom embossed heatsealer. And yes you could go to the trouble of having a fake ICCS embosser made for a heatseler and counterfeiting ICCS flips, but so far their niche market has been small enough that it hasn't been done.
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 Posted 07/20/2017  5:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
so far their niche market has been small enough that it hasn't been done.
Security through minority.
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 Posted 07/21/2017  2:59 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
Buying key dates slabbed? Good idea. Buying key dates? Bad idea.
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 Posted 07/22/2017  10:17 pm  Show Profile   Bookmark this reply Add Beefer518 to your friends list
In trying to complete 2 sets, I've found that there are many times where a slabbed example is the same or less cost-wise then a raw coin. I was looking for a nice 1932-P Washington quarter, and it seemed like 99% of then (raw or slabbed) were priced as if they were '32-D or 32-S's (Close to or over $100). I found a nice slabbed AU58 for $15.99, so I bought it. I later found a raw '32-P elsewhere (ie, not ebay) for $17.50 that I would grade at MS-61 or so.

I'm also finding the same with Franklins. Looking for a 52-S and 53-S, and the prices for raw are as expensive (overpriced) as slabbed. I may end up with slabbed for both of them.

Both of these sets are Dansco albums, so if I get slabbed, I'll end up inserting a photo of the coin in the slot. Not ideal, but still works.
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