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What Coins When Slab Fetch A Better Premium.

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Valued Member
United States
171 Posts
 Posted 08/22/2013  9:28 pm  Show Profile   Bookmark this reply Add Eklections to your friends list Get a Link to this Reply
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.

What-Coins-When-Slab-Fetch-A-Better-Premium.
Valued Member
United States
171 Posts
 Posted 08/22/2013  9:39 pm  Show Profile   Bookmark this reply Add Eklections to your friends list Get a Link to this Reply
Here's the actual coin graded by PCGS and sold on Heritage Auction site which sold for $16,100.00.

What-Coins-When-Slab-Fetch-A-Better-Premium.
Valued Member
Colles's Avatar
United States
216 Posts
 Posted 08/22/2013  11:20 pm  Show Profile   Bookmark this reply Add Colles to your friends list Get a Link to this Reply
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...
Pillar of the Community
kanga's Avatar
United States
5825 Posts
 Posted 08/24/2013  9:40 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
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)
Valued Member
vanbroj's Avatar
United States
450 Posts
 Posted 08/24/2013  10:24 pm  Show Profile   Bookmark this reply Add vanbroj to your friends list Get a Link to this Reply
1916 D dimes and 1909 S vdb cents come to mind.
So many fakes of both in the market place.
Valued Member
atchisonbj's Avatar
United States
293 Posts
 Posted 08/25/2013  10:12 am  Show Profile   Bookmark this reply Add atchisonbj to your friends list Get a Link to this Reply
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.
Valued Member
atchisonbj's Avatar
United States
293 Posts
 Posted 08/25/2013  10:15 am  Show Profile   Bookmark this reply Add atchisonbj to your friends list Get a Link to this Reply
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.
Bedrock of the Community
United States
20753 Posts
 Posted 08/25/2013  10:58 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
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.
Valued Member
jwguts's Avatar
United States
256 Posts
 Posted 08/26/2013  12:05 pm  Show Profile   Bookmark this reply Add jwguts to your friends list Get a Link to this Reply
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.
Pillar of the Community
FadeToBlack's Avatar
1751 Posts
 Posted 08/26/2013  3:48 pm  Show Profile   Bookmark this reply Add FadeToBlack to your friends list Get a Link to this Reply

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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