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1909-S Lincoln Cent - VG-10 BN - Crack Out Or Not?

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 Posted 10/07/2018  12:34 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Please post a pic of the cracked case or a video of the crack-out.
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 Posted 10/07/2018  08:16 am  Show Profile   Bookmark this reply Add just carl to your friends list
Take it out of the plastic. And don't bother keeping the TPGS tag since once out of the plastic, no one would know if that is the same coin so why keep that tag.
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 Posted 10/07/2018  4:37 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
so why keep that tag.


So if you go to sell it there will be no guessing what grade to list it as
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 Posted 10/08/2018  09:28 am  Show Profile   Bookmark this reply Add jason39305 to your friends list
Thanks for the recommendations everyone. Over the weekend, I cracked out the coin and put it in my Dansco album. After looking at the slab, I figured it would be difficult to crack....boy was I right. I guess that's a good thing though. I did tape the TPG tag on the back inside cover of the album. Now all I lack is the 09-S vdb, 14-D and 22 no D!
1909-S-Lincoln-Cent---VG-10-BN---Crack-Out-Or-Not?
1909-S-Lincoln-Cent---VG-10-BN---Crack-Out-Or-Not?
1909-S-Lincoln-Cent---VG-10-BN---Crack-Out-Or-Not?
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 Posted 10/08/2018  09:39 am  Show Profile   Bookmark this reply Add Bud250r to your friends list
Way to go!
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 Posted 10/08/2018  11:31 am  Show Profile   Bookmark this reply Add Kopper Ken to your friends list
Excellent move and nice documentation...quite an enjoyable thread...very suspenseful.

KK
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 Posted 10/08/2018  7:40 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
So if you go to sell it there will be no guessing what grade to list it as


Label is completely irrelevant on a cracked out coin when it comes to selling. You keep it because you want to or your own record, makes no difference selling
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 Posted 11/07/2018  7:54 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list
Good call to crack the coin. Fact is Fine-12 or even Very Fine-20 is not much more money than a Very Good-10 meaning that the slab will NOT trade at a bonus over a raw coin. Slabs like this are either a mistake when sent off or they were included in a large lot as veto bait to get other coins graded at the target grade by the submitter.
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 Posted 11/07/2018  8:30 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Disagree. Major TPG slab will always trade at a premium over a raw coin.
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 Posted 11/07/2018  8:34 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list

Quote:
Major TPG slab will always trade at a premium over a raw coin.


Not in this case. It's a $60 coin (in the NGC VG10 holder). Similar raw pieces also sell for $60 on ebay daily.

For reference here's the OP's coin ($53 delivered): https://www.ebay.com/itm/1909-S-Lin...047675.l2557

This raw one is in similar condition and just sold today for $63 delivered: https://www.ebay.com/itm/1909-S-Lin...AOSwPb5b2lSn
ANA #R3154474
Edited by BH1964
11/07/2018 8:39 pm
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 Posted 11/07/2018  9:02 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Disagree. Major TPG slab will always trade at a premium over a raw coin.


It nothing else they are more liquid.
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 Posted 11/08/2018  07:34 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list

Quote:
It nothing else they are more liquid.


That is true. And Coinfrog's comment is usually true also. Lower value coins like this one normally do not justify certification costs.

atchisonbj stated it well: "Slabs like this are either a mistake when sent off or they were included in a large lot....."
ANA #R3154474
Edited by BH1964
11/08/2018 07:35 am
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 Posted 11/08/2018  10:08 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Lower value coins like this one normally do not justify certification costs.
Correct, but as basebal21 said above, they are more liquid. Regardless, the person who paid to slab this coin gained less money as opposed to having left it raw.
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 Posted 11/08/2018  10:18 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
Crack it out, save the label.
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