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Busting Coins Out Of Holders?

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EnigmaticMindx's Avatar
United States
207 Posts
 Posted 04/19/2012  06:30 am Show Profile   Bookmark this topic Add EnigmaticMindx to your friends list Get a Link to this Message Number of Subscribers
Well I feel like I am closing in on completing my Lincoln Cent collection. Except for the key dates that I am going to have to break down and buy. The 1909s vdb, the 1909s,1914d,1922 no d, 1931s. Unless anyone wants to donate. :)

Anyways, I keep my coins in 2x2s in a three ring binder. I don't trust buying raw coins, so I would want to buy holdered coins to ensure their authenticity. Is it normal to want to bust open the holders and put the coins into 2x2s? Would this do anything to the value? would the coins continue to tone more in 2x2s? are 2x2s a safe way to store coins for an extended period of time?

Am I crazy for wanting to do this?
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/19/2012  07:16 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Just as an aside: I notice that you use 3 - ring binders. I use old trade sample binders that have 4 rings. The pages are a bit less likely to tear out when laden with crown sized coins.

It is possible to buy pages that have slab pockets in them.

Then you can have the best of both worlds. You can keep your slabs, AND you can bind them!
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nod2003's Avatar
United States
3294 Posts
 Posted 04/19/2012  07:42 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Unslabbed coins are as a general rule, worth a bit less then slabbed for the very reason you want slabbed. How much would of course depend on the coin. That being said, unless you intend to sell the coin, this is not really a big deal since of course the coin will be the same whether you slab it or not.
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cc99999's Avatar
United States
1302 Posts
 Posted 04/19/2012  08:54 am  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
A slab is an appraisal. It's only as valuable as the buyer's perception of the quality of the opinion. It keeps the coin safe from damage-at least it should- so removing the coin does negate the appraisal and opens the coin up to the possibility of damage. But that doesn't mean that you shouldn't do it- just know the downside. If you do not damage the coin in anyway, the coin should regrade at the same grade.

Personally, I'd keep mint state coins in holders and bust out circulated coins if I was album building.
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wquinn's Avatar
United States
2295 Posts
 Posted 04/19/2012  10:29 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
But once you break it out of the slab, the grade and authenticity mean nothing for that coin, if you ever try to sell it. That is the only drawback that I see, so you lose the extra money you paid for the slab, if there was any.

Also, the 1922 no D, isn't required for a complete Lincoln Cent set, since that coin was created due to die wear or excessive die polishing.
Edited by wquinn
04/19/2012 12:51 pm
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vermontensium's Avatar
United States
16679 Posts
 Posted 04/19/2012  11:33 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
If you never plan on selling anytime soon, go for it. Commonly counterfeited key dates, never...IMO.
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CaptainFwiffo's Avatar
United States
4132 Posts
 Posted 04/19/2012  11:50 am  Show Profile   Bookmark this reply Add CaptainFwiffo to your friends list Get a Link to this Reply
I might consider cracking them in order to put them in a Dansco album or similar, but I don't think I'd bother just to put them in a 2x2. You can get slab pages for three-ring binders, so you could have them in the same binder as the rest of your collection without cracking them. It might be cool to have all the keys on the first page all together in slabs, with the rest of the collection chronological after that.

Compared to a 2x2, I think most slabs are nicer for actually looking at and enjoying the coin.
Edited by CaptainFwiffo
04/19/2012 11:52 am
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United States
20753 Posts
 Posted 04/19/2012  12:01 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I basically use Albums for all my coins. Almost all are Whitman Classic Albums. When I purchase a coin in a slab, out it comes for a place in my Albums. Regardless of what it is graded as, it's value, authenticity, etc. out it comes for an Album. I occationally keep the little info pieces from the slab for my own information. Since I never sell coins, don't plan on selling coins, it really makes no difference about the loss of a coin being in a slab. I like the idea of opening an Album and seeing ALL the coins in the order they are intended to be in. For me slabs just take up to much space and again, with no intension of selling a coin, slabs are just a waste of space to me.
The important thing to remember about slabs is if in the future you plan on selling a coin, if in a slab it will always bring a higher price. Not for all coins but for any that are the usual counterfeited ones a slab makes it's authenticity a bit more reliable.
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mitchhailey's Avatar
United States
1150 Posts
 Posted 04/19/2012  12:39 pm  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
The only reason I keep my slabbed coins in their holders is to ensure that when my daughters go to sell them after I die they get full market value for them and do not get ripped off.

If I was taking the coins to my grave then they would all be raw!
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Australia
243 Posts
 Posted 04/19/2012  12:46 pm  Show Profile   Bookmark this reply Add enoilgam to your friends list Get a Link to this Reply
I echo the above responses. If you plan on selling them, keep them in the slabs as this will increase their liquidity and value. If your a collector pure and simple, then cracking the slabs is fine. Personally, I dont like seeing my coins in slabs - they greatly reduce my enjoyment of the coins.
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jbuck's Avatar
United States
188213 Posts
 Posted 04/19/2012  2:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Is it normal to want to bust open the holders and put the coins into 2x2s?
No, but it is normal to want to bust open the holders and put the coins into Dansco albums. Okay, I know I am splitting hairs here.

My advice is to always do what makes you happiest. It will probably come down to what is more important to you: filling the hole in your album or retaining resell value. Personally, resell value means nothing to me and staring at an empty hole makes me unhappy; my decision is easy.
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EnigmaticMindx's Avatar
United States
207 Posts
 Posted 04/19/2012  3:13 pm  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
Wow thanks for all of the great answers! When I started I opted for the 2x2s in binders because it seemed like a safer solution for the coins. I've never used the albums, but I picture the coins clankin against each other everytime you open and close the book. I picture them eventually falling out. I picture somone looking at them with the book open on their lap and talking and micro spit balls falling all over them. I picture someone poking at them with their fingers. I picture them being exposed to air, and that nice lusterful red penny turning brown.
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United States
368 Posts
 Posted 04/19/2012  3:31 pm  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
You are confusing folders with albums.......albums keep the coins fully covered.
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jbuck's Avatar
United States
188213 Posts
 Posted 04/19/2012  4:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I agree, sounds more like you are thinking of folders.

Albums are not much different than a 2x2. Both have the coin between two pieces of plastic and allow the viewing of both sides.
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EnigmaticMindx's Avatar
United States
207 Posts
 Posted 04/19/2012  6:58 pm  Show Profile   Bookmark this reply Add EnigmaticMindx to your friends list Get a Link to this Reply
Really? hmm now it appears that I have some more research to do. Especially after seeing so many people use them. So dancso is the one I should look for?
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jbuck's Avatar
United States
188213 Posts
 Posted 04/23/2012  4:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Dansco is what I prefer, but Whitman makes albums as well (do not confuse their albums with their folders, since they make both).
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