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Shifting From Raw To Slabbed Collection

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Drsandman2's Avatar
United States
1374 Posts
 Posted 03/07/2012  8:26 pm Show Profile   Bookmark this topic Add Drsandman2 to your friends list Get a Link to this Message Number of Subscribers
I'm looking for some advice on moving into slabs. What should I watch out for? Any tips? Obviously, I'm only interested in PCGS, NGC or ANACS slabs. I like the online registry system. If I do a registry, does it have to be only NGC, or only PCGS slabs?

I've always been a raw collector, shying away from slabs unless I find an insane deal. In fact, I've quickly flipped all the slabs I've ever owned. But lately, I'm considering going to slabs.

My type set only needs a couple of coins, Seated Liberty dollars. Nearly every coin is XF-MS and in the Dansco 7070. I've finished my Lincoln set, and only need the 1877 IHC and 1916 Merc to finish those sets. My mother has finished the Walkers. I like the idea of finishing the cents, and going for the Large Cent series.

With almost every goal of mine achieved, I've now been looking at high AU/MS coins in slabs. I drool. My favorite series is probably the IHC, especially proofs. WOW.

I welcome all input!
Valued Member
United States
69 Posts
 Posted 03/07/2012  8:43 pm  Show Profile   Bookmark this reply Add Amputating to your friends list Get a Link to this Reply
While hunting for slabs, PCGS often times, is harsh on how they grade their coins. If you carefully inspect coins slabbed by PCGS you may be able to score a coin that is a undergraded by a few points, buy the coin not the slab.

Another thing, that is really random is to actually examine the slab itself, I bought a MS coin in a pcgs slab and the actual plastic was broken off of the bottom and makes it impossible to stack with my other pcgs slabs.. It's obviously not too big of a deal because I got the coin I wanted, but it still bugs me in the back of my mind.

Are you looking to slab some of your type set or lincolns, or are you looking to find large cents that are slabbed as you move forward?
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Drsandman2's Avatar
United States
1374 Posts
 Posted 03/07/2012  8:57 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
Amp, thanks for the reply.

I plan on leaving the Lincolns and IHCs in the Danscos. I would like to maintain focus on my type set by building a slabbed collection. I'm not sure if I will have anything slabbed, although I really like my 20 cent piece. I'll be selling off my raw Dansco 7070 type coins as I progress with slabs.

I'm also looking forward to the flexibility that comes with collecting slabs. In essence, I'm very uncomfortable with what Dansco decides is type. For instance, I'll probably expand the silver Three Cent series. I've had great luck cherry picking raw coins, but suspect it will be much more difficult with slabs... so I think I'll miss that aspect.
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oih82w8's Avatar
United States
7840 Posts
 Posted 03/07/2012  9:07 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Let's see the 20 cent piece!

I have seen more than a few "unattributed" coins in slabs. They ( TPG) won't note it on the insert if the sender does not pay extra for it!
Edited by oih82w8
03/07/2012 9:08 pm
Valued Member
United States
69 Posts
 Posted 03/07/2012  9:28 pm  Show Profile   Bookmark this reply Add Amputating to your friends list Get a Link to this Reply
Yes, lets see some pictures : )

Now that you are moving more exclusively to slabs, dont completely disown the raw coins, as you might find a coin you want to send in yourself to be graded. There is some excitement as you wait to see what your raw coin earns as far as grade, and if you do well, you come out with a great slabbed coin and gain some profit

You could flip raw coins to buy slabbed, or grade your raws into slabbed and trade up : ) the options are endless.

Can we have some pics of your great raw coin finds?
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Drsandman2's Avatar
United States
1374 Posts
 Posted 03/07/2012  9:35 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
I posted this a while back. After I finish the raw set, I'll post some better pics. These were just quick scans with the scanner.

https://goccf.com/t/104355
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 03/07/2012  9:59 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
I would also say dont ignore ICG slabs. They are a good company, but affected by PCGS snobbery IMO. I have had several coins graed by them and they were right on.

I agree with amputating. If there is a coin you want not turning up slabbed, snag it raw and off to ANACS it goes. Doing the entire type set that way would be cooler IMO. YOU pick the coins you really like. Then you send them to ANACS. Record each one as to what you graded them at and what they got from ANACS. See how good you are. AND they are all in matching slabs.

That way you collected the coins, not the plastic (several people would appreciate that) and have the matching plastic anyway. AND the acomplishment of putting together another type set but all graded XF or higher (or whatever grade you choose).
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Penny Guy's Avatar
United States
531 Posts
 Posted 03/07/2012  10:25 pm  Show Profile   Bookmark this reply Add Penny Guy to your friends list Get a Link to this Reply
I'll try to answer your questions about Registry Sets. The PCGS registry will only accept PCGS graded coins. The NGC Registry will accept NGC and PCGS coins. I am not aware of any Registry that will accept ANACS or any other TPG coins. You can join the NGC Collectors Society for free you just won't have access to some of their web content. You will be able to access their Forums as well as the Registry. I have not experience using the PCGS Registry so you might have to do some reading on their site on how to get access there if that is your choice.
Valued Member
United States
69 Posts
 Posted 03/07/2012  11:32 pm  Show Profile   Bookmark this reply Add Amputating to your friends list Get a Link to this Reply
I enjoyed looking through your coins : P that Twenty Cent Piece really is cool, awesome that it is double died too :x
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 03/07/2012  11:36 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Aye I reiterate: "Buy the coin, not the slab." :-)

TPG Registries will not allow ids they have not, themselves, certified (so no mixing ANACS, PCGS, NGC, etc.).

If you want to track them as a set, Numismetrica will allow you to associate your TPG id numbers with the coins you've entered into your collection regardless of which company did the certification.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/08/2012  10:48 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
NGC's Registry allows you to have both PCGS and NGC slabs in their Registry but PCGS only allows PCGS coins in theirs. I do not know if ANACS has a Registry or not and if they do I am not sure what slabs they allow
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nolawyer's Avatar
United States
763 Posts
 Posted 03/08/2012  12:22 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
I made the switch to slabbed coins about 2 years ago and here are some things that I have learned. You usually should expect to pay more for a PCGS slab, but in some cases it can be quite a bit more. This is true especially with high graded modern coins. For example, a pre-1982 Lincoln Memorial cent graded MS67RD by PCGS can cost about twice as much as one graded the same by NGC. I think this is due to PCGS being stricter with their higher MS grades and the demand for these coins because of PCGS registry sets. Many sellers will try to sell modern NGC, ANACS & ICG graded coins for what PCGS coins are going for and you should be able to find those at lower prices.

I think you can find some under-graded coins in slabs, especially the older slabs. If you are a good grader, you can find some good deals out there.

I agree that you can find some great coins in ICG slabs, but it is my experience that they are often over-graded by a grade or two. The ICG slabs often sell at such a discount that you can still get a good deal despite the over-grading.

The best advice is still to buy the coin and not the slab. All TPG's have ugly, over-graded coins out there.
Valued Member
RJP's Avatar
United States
105 Posts
 Posted 03/08/2012  1:20 pm  Show Profile   Bookmark this reply Add RJP to your friends list Get a Link to this Reply
I have PCGS sets and you are right, in that only PCGS coins can be showed in the listed sets but you have a coin album and any TPG coin can be in there including samples slabs, I have allot of other then PCGS in my coin album so when I give the link out I also note to check the other stuff in the coin album. I have also linked directly to the pages of the coin album to others to look at a specific coin I have listed in there. Any they are welcome to view the entire album.

Here are some examples;
ANACS Photo certs in PCGS Set Registry in the coin album
http://www.pcgs.com/SetRegistry/Mem...2594&Page=44

Or sample slabs
http://www.pcgs.com/SetRegistry/Mem...2594&Page=22

This is the only way others TPG can be displayed that I know of.
Hope this helps
Bob
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oih82w8's Avatar
United States
7840 Posts
 Posted 03/08/2012  1:45 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Your 1875-S Twenty Cent Piece also has the dropped digit (7 or 5) in the dentails, you can see the top of the digit in your scan. I have been told that it is fairly common, but it's another bonus to your S over S!

Lots of nice raw coins in that scan, and you are well on your way in completing your 7070!
Edited by oih82w8
03/08/2012 1:46 pm
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Drsandman2's Avatar
United States
1374 Posts
 Posted 03/08/2012  5:25 pm  Show Profile   Bookmark this reply Add Drsandman2 to your friends list Get a Link to this Reply
Fantastic, thanks for all the tips! I'm an ANA member, so I have an NGC login for submissions. (I have a 1909 S VDB in F12 coming back, will post pics when it gets here).

I'll certainly buy the coin, not the slab. Especially after reading Rick Snow's article on the progression of IHC grading. I don't want to buy overgraded coins, either!
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BuffalosRock's Avatar
United States
500 Posts
 Posted 03/09/2012  1:03 pm  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
I've collected several "runs" in slabs. I like the flexibility of deciding what does or doesn't "belong" in my "slab album", as in I am not forced to feel as though any hole an album company makes needs to be filled! In some of the traditional albums I inherited I put in "plugs/fillers" in those holes and refuse to fill them!

Because slab album pages are 9 openings, the only thing I kind of attempt to do is "target" a run in some multiple of 9 - tho even that is just a preference.

So I started with a "all gem+ buffalo herd" and landed on 1930 and above to fill two pages. Most are PCGS but a couple are NGC - nothing less. My Peace dollar album is three pages of mostly MS63+ but runs the gamut of TPGs including a couple basement slabbers. My Franklin Proof album is just one page of all PR64+. I love the fact that I decide where it starts and stops by MY TASTES, and "oddity" coins are up to me to decide on. I included a 3-legger, for example, in my herd though it is the one not "GEM" LOL, because I always wanted one anyway. But no others in any run! I can add a page at will to any of them whenever I want.

Then when doing a "true RED" IHC album I stopped at the last "3 pages" of years. Most of that set are raw coins that I put in Coin World slabs myself. I'm not bothered by them not being in a PCGS, NGC, ANACS slab. It would have cost me 10X as much if I hadn't bought most of them raw.

I'm not that familiar or "into" registry sets, not sure what the attraction is? I hear others talk about them but just haven't looked into that scene!

My experience is that slabbed coins are at a premium and it is much harder to buy them at near-wholesale prices, as is my target. Most of the bargains I found were at coin shows or ebay auctions. Online stores and dealers and ebay BIN offers RARELY want to part with a PCGS/NGC certified coin for less than 95% of retail, in my experiences. So the bargains you can sometimes find on raw or "garbage TPG"s like ICG or basement slabbers are truly non-existent when looking at the BIG2. At least for the types I like to collect.

Good Luck ALL!
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