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Are Slabbed Key Coins A Wise Idea?

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jbuck's Avatar
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 Posted 07/18/2017  11:55 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You will get opinions all over the map on this one.
That is the truth.

I have only recently warmed up to the idea of slabs for keeping rather than cracking. Yes, I would still crack them to fill those last holes in my Dansco albums, but I have grown fond of the slabs in my secondary Ike set that I am building.

As long as you are just paying for the coin, slabs are fine. I doubt I would ever submit a coin to be slabbed because I prefer that someone else foot that expense.
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TheForce's Avatar
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 Posted 07/18/2017  2:50 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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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Earle42's Avatar
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 Posted 07/18/2017  4:02 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

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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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Parklane64's Avatar
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 Posted 07/18/2017  4:26 pm  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
I like slabs, I don't like slabs...

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jbuck's Avatar
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 Posted 07/18/2017  5:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I am surprised it's in a hard plastic casing.
It is a slab. What were you expecting?
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Conder101's Avatar
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17884 Posts
 Posted 07/18/2017  6:50 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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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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Earle42's Avatar
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 Posted 07/18/2017  7:27 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

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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TheForce's Avatar
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4869 Posts
 Posted 07/18/2017  9:14 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
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 Get a Link to this Reply
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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Earle42's Avatar
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 Posted 07/18/2017  10:18 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
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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mtuma3's Avatar
United States
744 Posts
 Posted 07/18/2017  11:22 pm  Show Profile   Bookmark this reply Add mtuma3 to your friends list Get a Link to this Reply
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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jbuck's Avatar
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188770 Posts
 Posted 07/19/2017  12:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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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Conder101's Avatar
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 Posted 07/20/2017  2:49 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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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jbuck's Avatar
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 Posted 07/20/2017  5:03 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
so far their niche market has been small enough that it hasn't been done.
Security through minority.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 07/21/2017  2:59 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Buying key dates slabbed? Good idea. Buying key dates? Bad idea.
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