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Replies: 31 / Views: 1,706 |
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Pillar of the Community
United States
876 Posts |
I am one of those that buy the coin, not the holder. Wanting the finest examples of LMC's to fill my album, I purchase holdered (slabbed) Lincolns and free them from the slab for my album. PCGS and on occasion NGC. MY purchases are based on their price guides and I get pretty fair and sometimes great deals in relation to the price guides. After I bust them out and put them in my album, I catalog the slab labels for verification of the coins rated grade with the amount I layed out. So my question is this . Once I have liberated these coins and returned to a raw state rather than a "slabbed" state ,how does the market value change. I cannot grade coins. I rely on the most recognized TPG's to determine that. I add nothing less than MS67. Mostly MS68 and a 69 went its a bargain. A penny for your thoughts.
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Valued Member
United States
425 Posts |
I like the idea but I am also curious if the coins will actually last in the album. It is nice to display them in the album but there MS state and finish will in do time fail. I know it is extremely hard for me to keep coins that way. I just wish they would come up with an expensive album that securely saves the finish on coins. There may be albums like that today I have just never looked into this way. You are right though it is nice to have albums to display your collection. How would you show off your collection if you pulled out 100 slabs and then had someone look at them. I can see both sides so good luck collecting.  
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Pillar of the Community
 United States
876 Posts |
Thanks for the reply Saturn. I use Littleton Albums. In a sleeve with Intercept like corrosion protector pages front and back. The coins are sandwiched between non PVC shield obverse and reverse. The sleeved alum is in my safe with desiccant. Time will tell. I'm just trying to find a source to determinate a fair value so I have a better understanding of my investment. It's more an obsession to me than an investment.
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Bedrock of the Community
United States
94367 Posts |
Bottom line - when you remove these coins from their holders, you remove all the value attached to their grades, and throw a lot of money down the drain. They're worth little raw, let's face it. Poor decision to crack out coins like these.
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Bedrock of the Community
United States
19108 Posts |
Ultimately, it's up to the individual collector to do as they choose. As noted, liberated coins lose whatever cachet that came with being in a reputable 3rd party holder--that loss may not be trivial in relative terms.
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Pillar of the Community
United States
613 Posts |
Dowhat, You can use Greysheet values and/or CPG values which are based on the grade of the coin and not the TPG. e.g. 1957 D rd MS 67: Greysheet = $300; PCGS=$375
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Pillar of the Community
United States
878 Posts |
Why not just buy raw coins for the album?
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Valued Member
United States
450 Posts |
One question lingers......Why buy the slabbed if you're going to break them out?
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Moderator
 United States
56855 Posts |
I think I can answer captainmandrake1 and Maine Member questions:because Dowhat has no confidence in his grading skills. As to looking up values,IMHO never use a grading compaies value guide,it will almost allways be too high. Use the gray sheet or http://m.numismedia.com/rarecoinprices.htm or ebay sold values for a "realistic" value. John1 
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Moderator
 United States
94636 Posts |
Quote: Why buy the slabbed if you're going to break them out? While I'll second that to John1's comment, and to add that for relatively rare coins that have a history of being faked, I'll but the slab, knowing that it is an authentic coin. Which is something I have done in the past. also I'll usually buy nigh high grade details coins to crack out for albums But they have to have good eye appeal. coins like that get an AM or MS details grade is what I mean by 'high grade'
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Moderator
 United States
187446 Posts |
Quote: Why buy the slabbed if you're going to break them out? Sometimes the only coins you can buy with confidence are already in a slab. Raw ones either do not exist or are suspect. I have had to crack three slabs so far to fill Dansco holes. I expect to crack three more before I am done.
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Pillar of the Community
United States
2213 Posts |
I assume those who remove coins from slabs save the slab label for provenance so in the future a coin with label will be less suspect when selling? Of course there's no guarantee a coin is a match to the label unless it's photographed on the grader's site
Edited by livingwater 05/23/2024 12:45 pm
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Pillar of the Community
 United States
5661 Posts |
There are definitely reasons for breaking out a coin to place in an album, like to guarantee authenticity, or to get a good deal on a details coin with nice eye appeal. But for high grade LMC's, I agree with @Coinfrog--almost all the value will be lost when removing from the holder. It's basically worth a nice raw LMC, because you can't prove that the coin is the same one for which you have a slab label. No one is going to pay MS-68 money for a raw LMC, no matter how nice.
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Valued Member
United States
450 Posts |
OK, My early Lincoln set includes 3 slabbed coins, the 09SVDB, 22 No D, and 14D. With the exception of the slabs, the set was accumulated from circulation finds in the 60's and 70s. Most of the circulated specimens are VF-XF. Wheats are not difficult to grade. The 3 Keys noted above were all purchased in the past 5 years, as I wanted a complete set when I retired. I bought slabs for piece of mind with all the fakes out there. I will not break them out.
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Moderator
 United States
187446 Posts |
Quote: I assume those who remove coins from slabs save the slab label for provenance so in the future a coin with label will be less suspect when selling? Yes, I have all three labels. Quote: Of course there's no guarantee a coin is a match to the label unless it's photographed on the grader's site Correct. I have photos of the coins in the holder before cracking. Also, one of my three does have a TrueView to corroborate it.
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Pillar of the Community
 United States
876 Posts |
Collectors of anything do it for various reasons and in different manners. John 1 is correct, I am not a proficient grader. A great majority of MS grade LMC can be had for an affordable price in trades from 66 to 68 and on occasion even 69. The person that lost the most money is the one that submitted them for grading. They threw away alot more money than myself a I end up with them for a reasonable price. To say these coins have lost any worth once removed from the slab is debatable. Values for slabbed coins very amongst the top three as you all know. And often their opinions are disputed by the submitter. There is no set standard in the industry. You are paying for someone's opinion and everyone has different opinions. And,I were to purchase a raw coin at a LCS or coin show that would be the dealers opinion. If I were to sell my slabbed coin to a dealer I would surely be offered less than I paid for it. It may take decades for the coin to appreciate in value or could even depreciate. The slabbed coins I purchase are all red. Being able to examine them out of the holder provides me the opportunity to note the often subtle differences in the grade, improving my grading skills in the process. My collections are for my pleasure, not an investment. I want to see them all together, not in boxes encased in plastic. I only asked a simple question in the opening of this thread. And I received only one informative reply. Thank you Freespeech 57. Most of the replies concerned opinions as to my choices concerning my collecting. I was not seeking opinions about my decisions being flawed or admirable. It is clear from the example provided by Freespeech 57 that the coin lost did not lose any value it had after liberation. Yes, the raw coin is worth less but it still has value. All I was asking is if the information was avaible for pricing raw coins and the answer was a simple yes. I was simply curious. Losing a bit a value is not going to deter me from putting nice looking coins in "my" collection. Thanks to all for your replies even though only one addressed my question. I'll have to get the graysheet I suppose to satisfy my curiosity.
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Replies: 31 / Views: 1,706 |