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Slabbed 1947 Penny

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enworb's Avatar
Australia
4411 Posts
 Posted 06/09/2012  09:53 am Show Profile   Bookmark this topic Add enworb to your friends list Get a Link to this Message Number of Subscribers
Why would ANYONE bother getting this slabbed?Ive ever heard of that particular company and the slab looks cheap and nasty.

http://www.ebay.com/itm/One-Penny-1...t_3244wt_922
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trout1105's Avatar
Australia
7096 Posts
 Posted 06/09/2012  10:34 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
if it is in a slab it just has to be worth a lot of money
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wwwww's Avatar
Australia
541 Posts
 Posted 06/09/2012  10:53 am  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
I'm more curious about who'd pay $2.80 for that.
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/09/2012  11:35 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
They say that History starts with your own birth year, if this is so and the seller was born (say) 1985, in his mind he has a really old coin and thinks he hit the jackpot thinking it's worth alot of money...
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enworb's Avatar
Australia
4411 Posts
 Posted 06/09/2012  12:42 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply

Quote:
I'm more curious about who'd pay $2.80 for that.


exactly!
Valued Member
Missy_2012's Avatar
United States
59 Posts
 Posted 06/09/2012  4:31 pm  Show Profile   Bookmark this reply Add Missy_2012 to your friends list Get a Link to this Reply
You guys... That's just wrong. Some guy was really happy to get...uh...rid of that ridiculous slabbed joke of a coin.
Valued Member
juzzyb's Avatar
Australia
215 Posts
 Posted 06/09/2012  7:43 pm  Show Profile   Bookmark this reply Add juzzyb to your friends list Get a Link to this Reply
I agree that is one cheap looking slab.
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Basil's Avatar
Australia
1040 Posts
 Posted 06/10/2012  01:07 am  Show Profile   Bookmark this reply Add Basil to your friends list Get a Link to this Reply

Quote:
if it is in a slab it just has to be worth a lot of money


Yeah,latest fad but very handy if you have an expensive coin that has a kink or buckle.
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trout1105's Avatar
Australia
7096 Posts
 Posted 06/10/2012  01:38 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Yeah,latest fad but very handy if you have an expensive coin that has a kink or buckle.

In the case of these ratbag homemade type slobb's I have to agree with you.
But in the case of a genuine PCGS slab I very much doubt that a bent coin would even get a look in.
I personally will not keep a coin in a slab because that is not the way I like to collect and view my coins.
I have however on a few occasions bought coins in slabs for my collection and broken them out.
I haven't had a problem with any yet but the premium you have to pay for a slobbed coin is a definite turn off to me.
Having said that IF you are a new collector and want to get a higher grade/rare coin the slabbed offerings would be the wise choice because you have a guarantee of authenticity and grade.
A huge percentage of coins are bought "online" these days and if you don't have the experience at grading via pictures and reading between the lines on the listings, you will be taking a huge gamble buying raw coins .
I have bought hundreds and hundreds of coins online as that is my only source of coins and I am pretty good at it now But I still get stung every now and then.
That is a risk I am prepared to take because I actually enjoy the thrill of reciving a coin graded at what I thought it would.
But If you are not prepared to take the risk then the slobbed options are 99% risk free for new chums.
For me I won't have one anywhere near my collection until I have taken a box cutter to it, Thats just me

edited for spelling
Edited by trout1105
06/10/2012 01:48 am
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Australian coin's Avatar
Australia
1244 Posts
 Posted 06/10/2012  02:01 am  Show Profile   Bookmark this reply Add Australian coin to your friends list Get a Link to this Reply
I'm watching the threepence, if I get it with the next bid, I guess it would make a cheap filler.

I do feal sorry for newbie's thou, who would easily think that this had been professionally graded and it was a good coin, then they decide it must be an expensive coin and go bid crazy -- ruins my barging hunting for fillers.
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trout1105's Avatar
Australia
7096 Posts
 Posted 06/10/2012  03:00 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
I'm watching the threepence, if I get it with the next bid, I guess it would make a cheap filler.


I hope you arn't going to crack it out of that flash slobb if you win the bidding
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 06/10/2012  10:33 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply

Quote:
buying raw coins


I know this subject raises passions in people (including myself) but the term "raw coin" really gates. I'm sure it was dreamt up by a PCGS marketing expert. It implies that an unslabbed coin is somehow incompete and will only be a true collectors coin when it has been slabbed.

maybe I should start calling slabbed coins "cooked"
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FNQ's Avatar
Australia
507 Posts
 Posted 06/10/2012  10:47 pm  Show Profile   Bookmark this reply Add FNQ to your friends list Get a Link to this Reply
I think the general advice is to buy the coin, not the slab, and in regards to this "company" it would appear to very much be a case of caveat emptor.
Valued Member
juzzyb's Avatar
Australia
215 Posts
 Posted 06/10/2012  10:57 pm  Show Profile   Bookmark this reply Add juzzyb to your friends list Get a Link to this Reply
yep I think you are right mobofroos we should begin calling them cooked
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FNQ's Avatar
Australia
507 Posts
 Posted 06/10/2012  11:14 pm  Show Profile   Bookmark this reply Add FNQ to your friends list Get a Link to this Reply
On the topic of this company and their slabbed emanations, I would be very interested in hearing your grading or valuation assessments on this 1930 half penny.
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wwwww's Avatar
Australia
541 Posts
 Posted 06/10/2012  11:39 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
That 1930's a VF, NNC's grading is to a very poor standard.
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