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Pillar of the Community
United States
7840 Posts |
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Buzzard: Focusing on slabbed coins has made it much easier to avoid damaged, harshly cleaned, or counterfeit coins. My entire 7070 collection is PCGS slabbed (76+ no gold)...and a few extras for upgrade material.  Edited by oih82w8
01/21/2014 12:39 pm
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Pillar of the Community
2087 Posts |
My collecting for 11 years sees me with about 1500 coins and only one is slabbed. Actually make that two as one is in the mail to me.......and in all likelihood I will have to beak it out of the slab(PCGS) to attribute it.......all the identification feature are on the edge of the coin!!! Who ever had it slabbed was wasting money!
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Moderator
 United States
188990 Posts |
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I buy protected coins not cardboard and staples so there Cardboard and staples cost a lot less than slabs. More money for coins.  |
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Pillar of the Community
United States
3283 Posts |
Zero but I have cracked a couple out
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Moderator
United States
15463 Posts |
Reading this thread it is obvious to the casual observer that there is a 'slab is bad' mentality out there ... and I appreciate and respect those opinions. My view ... slabs are the way to go for those special coins that bring additional market value in their protective and certified holders. For me ... most of my primary (read valuable) collection is indeed housed in PCGS plastic ... I'm referring to a complete type set of MS65 and better classic silver commemorative ... same for a Peace dollar MS set ... same for a circulated classic silver commemorative set ... same for a true high grade Jefferson nickel war silver set ... I ask anyone who is anti-slab to explain the logic of cracking out a PCGS certified $4000 coin.  Best I ever managed to crack out was this PCGS AU55 1885 Liberty nickel ... nominal value at $2000. https://goccf.com/t/96248We all have to sell the coins someday ... if they are worth $20 who cares ... if thousands of dollars do you really want your heirs trying to justify the coin? That said ... my 'for fun' set are all raw ... I would never consider slabbing my roll found Jefferson nickels ... Lincoln cents or world coins. I vote wholeheartedly for slabbed coins that meet the criteria of truly valuable ... and honestly believe when I pass on my family will gain greater value for them than had I cracked them all out and placed into Dansco. That's my opinion. David |
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Moderator
United States
188990 Posts |
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Zero but I have cracked a couple out Nice.  Quote:
I ask anyone who is anti-slab to explain the logic of cracking out a PCGS certified $4000 coin I cannot answer this since I do not collect coins of that value. However, I will have no problem cracking out any key date or higher value coin to fill my Dansco albums (unless I am lucky enough to find a raw one that I can certainly trust). Quote:
We all have to sell the coins someday ... and honestly believe when I pass on my family will gain greater value for them than had I cracked them all out and placed into Dansco. This is another place we differ. I am not building a collection for profit (for me or my heirs). My earnings comes from work and proper (non-coin) investments (my heirs may eventually profit from the latter). My collection is for me and hopefully I will be able to pass it on to someone who will appreciate the sentiment, not its monetary value. To each their own.  There is no right or wrong and I should not have to justify my decisions to anyone but myself.  |
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Pillar of the Community
United States
9792 Posts |
Quote:Oops, forgot to include my Grade Set of Two Cent Pieces. Another 24 slabs  Very cool idea! I used to have a complete set in MS66 except for the 1864SM and 1867DDO, they were only MS64BN. Sold them off to help my Dad pay medical bills. Now I'm just going after each die pairing and weird errors, die cracks, Cuds, etc. "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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Bedrock of the Community
13014 Posts |
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Cardboard and staples cost a lot less than slabs. More money for coins. Not if you have a cat who is instinctively wired to put his teeth through any piece of cardboard he can get his mouth on Nickel basically summed up my thoughts more eloquently, I really should have gotten more sleep last night. I would add to his thoughts that another reason I like slabs better is that if the day ever came where someone was forced sell for whatever unexpected reason they allow you to sell the quickest for the greatest return. Obviously the market can change but I'm one of those people that likes to keep collectables in their most marketable state just in case. Then theres my also my childish answer that I can play with them all I want and dont have to worry about ruining the coin or drooling on it PS I dont think you or anyone else needs to justify why they collect they way they do. I just hate that coins not plastic line because it comes off anti-slab instead of just to each their own. That doesn't really bother me but it could shy new collectors away from them even though they are a great tool for avoiding costly mistakes while they build their own skills. At least with reputable slabs you wont have to tell them their coin/large purchase is fake or their high value ms coin is really a harshly dipped/cleaned circulated one. Edited by basebal21
01/21/2014 6:11 pm
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Pillar of the Community
2087 Posts |
MY problem with slabs is that the grading companies just don't know the coins I collect. As a result many of the slabs have incorrect attributions. The slab I am awaiting is especially problematic. Its effectively a planchet(blank) only the edge has been "Struck" PCGS have graded it and locked it up in a slab. The seller described it as Maria Theresa Thaler 1780 IC-FA. Looking at the photos I have a problem with that description the blank is just too round. MTT with the mint signature IC-FA were struck between 1780 and 1820...the blanks just weren't as perfect as what is pictured. To be able to date the coin, identify the likely mint I have to be able to see the edge and the slab the coin is in doesn't allow the edge to be seen. Slabbing is fine so long as one can confirm what is in it, other wise its a waste of money. Given that the coin has to go through customs I suspect I won't be able to post photos for at least three weeks.
From experience I suspect ( only 55 % confidence) it is actually from the Paris mint. Once it arrives both Stacks Bowers are going to get some questions( respectful and polite) from me....I am expecting that they won't be able to answer those questions. At the very least it will make them conscious that there are customers who can identify such oddities and they should develop their skills in this area. Hopefully. if PCGS hasn't done it , they will in future take photographs of the edge before locking such a coin in a slab.
Note: I do not believe PCGS made the ICFA attribution, It is possible Stacks Bowers put that in as a marketing ploy having no idea that the attribution could be tested
Edited by austrokiwi
01/22/2014 09:50 am
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Bedrock of the Community
United States
17884 Posts |
I find it rather ironic that I, slab hater par excellence, seem to own more slabs than anyone else. Quote:
We all have to sell the coins someday ... if they are worth $20 who cares ... if thousands of dollars do you really want your heirs trying to justify the coin? I'd be dead, not my problem. My collection is for my enjoyment not to provide a windfall to my heirs who really don't care anything about it. Besides, my family are such hoarders they probably wouldn't sell it anyway. Just put it away in a box until someone else in the family developed an interest in coins and then give the whole thing to them. |
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Pillar of the Community
United States
7840 Posts |
I like to play "show and tell" with my coins and slabs keep finger prints and drool (on occasion) off of the coins. I once had a really nice Silver Kennedy (one of my first) and a friend dropped it and it landed on it's edge and created a rather large rim ding on it. Slabs provide protection and information on my collection. To each their own. Enjoy your collection, no matter how it is presented.  Edited by oih82w8
01/22/2014 4:14 pm
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Moderator
United States
188990 Posts |
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Not if you have a cat who is instinctively wired to put his teeth through any piece of cardboard he can get his mouth on So what you are saying is that my ability to control my operating environment saves me money. Good to know. |
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Pillar of the Community
United States
3179 Posts |
I have only 6 slabs. My birth year proof cameo set and a PCGS freebie  I doubt I will ever crack these out!  |
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Bedrock of the Community
13014 Posts |
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So what you are saying is that my ability to control my operating environment saves me money. Good to know. I take it youve never owned a cat |
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Moderator
United States
188990 Posts |
I have had three, thank you very much. Two have passed in the last three years, so only one remains.  That being said, they have never been in the same room at the same time with any of my coins. |
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Posted 01/21/2014 2:33 pm
