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Replies: 19 / Views: 2,367 |
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New Member
 United States
10 Posts |
I'm not a coin person. I collect antiquities and mostly Pre Columbian pottery. I do love Roman, Egyptian and Greek too. I just ran across these and bought them. That being said...what's a slab?
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Pillar of the Community
United States
4253 Posts |
The slab is the plastic container. I hate them for ancient coins. I have only bought a couple in slabs, and, once home, immediately broke them out. On a serious note though, I think you should break them out for other reasons. They were sold to you as gold coins. You need to be certain that what you have is what was sold to you, and the only way is to have the coins tested.
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Pillar of the Community
United States
2044 Posts |
A slab is what those coins are in. It's a holder that's supposed to be sealed and air tight. Also called encapsulation. There are more than a few grading companies that after verifying a coin to be authentic as well as a condition grade, they encapsulate the coin into that plastic slab. Mostly, this is done for modern coins. Most ancient coin collectors do not seem to like slabs much. I'm not too fond of them either.
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New Member
 United States
10 Posts |
I agree. One of the reasons I like antiquities is that I like to hold and touch them. Can't do that in the slab. I did go to the NGC site and entered the serial numbers on these coins. A picture of this coin in this slab comes up. Exactly positioned, etc. I feel sure they are real and I guess NGC takes pictures of them when they grade them for that reason. I'm not going to sell them anyway. If and when I do decide to sell them, I'll have them tested. Until then...I'll just believe they are.
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Moderator
 United States
23731 Posts |
By going to NGC's website you can verify the numbers on the slab. In your case both numbers were correct for your coins. Granted anything can be faked and slabs have been, but I don't think that's the case with your coins. I would bust them out the first chance I got.
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Bedrock of the Community
Australia
21788 Posts |
I went to a public coin auction a couple of days ago and viewed three lots of aureii, all of which were catalogued as fake but made of very good gold. They all weighed in the 7.5 to 8.0 grammes range, and they were all reserved at just below melt value for pure gold. Three out of four of them sold at the reserve value.
I examined each of these fakes in very closely hand, and I could not pick them as fake. I did not bid.
There are an alarming and increasing number of these very excellent quality fakes around.
It can be inferred from from this thread so far that the slabs may not be genuine. They certainly prevent close examination of their contents, and prevent them from being weighed for verification.
At the very least these coins, should be verified out of their slabs by specialist coin dealer, who has a well known and established reputation for examination of these pieces, at least for the Byzantine one. He should be able to verify the slabs also, if experienced in this area.
I have never been interested in slabbed ancient coins, because of verification difficulties.
What seems to be too good to be true usually is.
Even if they are fakes, and if they are of very good gold, it appears that you have done very well, on gold value alone.
I have 5 pieces of ancient gold. They have all come from dealers, or from auction, that have an excellent reputation in the verification of ancient coins.
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Pillar of the Community
United States
4253 Posts |
 Well said.
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Valued Member
United States
168 Posts |
f you do plan on selling these one day I would definitely keep them in the slabs. NGC is one of the best TPG companies which will make these a quick sell if you do plan on selling them in the future. Without the slab their authenticity would be questioned by a potential buyer which would lower the amount of money they would be willing to spend (if you have a smart phone or a scanner scan the barcode on the front of the slab).
Edited by w00zi 05/30/2012 7:32 pm
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New Member
 United States
10 Posts |
What would scanning the bar code do? I went to NGC's site and here's what they say:
In October 2008, we formally began a photography initiative that allows prospective buyers to see images of coins taken at NGC after certification. These images are available by entering the NGC certification number into the lookup tool on NGC's Web site. How to use the NGC certification verification tool. As I stated earlier, the pictures are of my coins. I am confident and will resist the urge to break them out.
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Valued Member
United States
168 Posts |
Some of the fake slabs have incorrect barcodes. The barcode information should correspond to the written information on the slab.
Edited by w00zi 05/30/2012 7:50 pm
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New Member
 United States
10 Posts |
Here is the link that should take you to my coin on NGC's site. I just went there and entered my number and a picture, front and back, of my coin comes up. This should take you to that picture. http://www.ngccoin.com/certlookup/C...=2400643-002Can't get this to become a link. You will have to type it in.
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Pillar of the Community
United Kingdom
2838 Posts |
Quote: As I stated earlier, the pictures are of my coins. I am confident and will resist the urge to break them out. I don't think you have anything to worry about - it sounds like NGC has a decent system to avoid fakes. As many have said slabs are personal choice and most ancient collectors break them to handle the coins. One good thing about them is they do give people confidence when buying even if the first thing they do is break them out when they get their hands on them. In 99.9% of cases I'd say break it out - in this case, considering the value of the coin and the benefit to resale of it being slabbed I'd say leave it where it is. At least until the urge to hold it drives you crazy 
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Valued Member
United States
422 Posts |
 and I no nothing about slabbed coins! Sounds like they are the real McCoy to me. Nice coins BTW. 
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Pillar of the Community
3352 Posts |
Hmmm? ... yah, I don't have any ancient "gold" coins yet ... but the night is still young!
=> yyyyeeeehaaaa!
**** ummmm, what's that honey? ... I should come to bed? ... ummm, but I was gonna buy an ancient gold coin and ... and ... and ... ummm, never mind ... I'll be there in two secs ****
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Bedrock of the Community
Australia
21788 Posts |
goodstufftoo: You have gone through a process that needs to be applied to any valuable ancient coin.
Verification.
Keep all of the documemntation you have regarding these coins, including a hard copy of what you have found on the NGC website. If you need to sell these coins sometime in the distant future, your buyer will appreciate that.
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Replies: 19 / Views: 2,367 |
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