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To Crack A Slab Or Not

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jokingjoker's Avatar
United States
2150 Posts
 Posted 08/10/2012  6:39 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list Get a Link to this Reply
I had sent in 8 coins to PCGS for crossover. 5 graded the same and 3 upgraded. I hope luck wasnt involved, rather the coins were originally graded conservatively and I have an eye for under graded coins. But, a coin will not ALWAYS MARKET grade whatever the condition is regardless. Some days you may get a grader who's girlfriend broke up with him the night before and his dog died that morning when he wrecked his car into his mothers house. He may be handing out low grades that day.
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IndianGoldEagle's Avatar
United States
36845 Posts
 Posted 08/10/2012  6:43 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
One thing to keep in mind about the TPG's is that not just one grader looks at the coins. Each coin is looked at by more than one grader.
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basebal21's Avatar
13014 Posts
 Posted 08/10/2012  10:12 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
The slab does not add value. Removing it from the slab does not take away value. The coin is only worth what it is worth.


Id have to disagree with that from a practical standpoint. In theory you are 100 percent right. As long as you dont harm the coin the value shouldnt change. But in reality it does. The second it becomes raw youve just opened yourself up to endless hours of debates over the grade and maybe even some questions of authenticity depending what it is. Kind of like that old saying give someone an inch and theyll take a mile, with a lot of people making it raw again is giving that inch.

Certainly not trying to insult anyones way of collecting to me its just not worth the risk on those higher value coins and I prefer the slabs anyway partly because I really like to pick them up and hold them a lot. I know for sure Id end up at some point hurting a few of them even if just by accident with how much ill handle them some days.

But I think we can all agree that we should just do it however we personally like it best. I would suspect that when it comes to slab vs raw we would probably see a generational gap in play. If I was older and grew up collecting raw for many years I could definitely see myself continuing that way.



Quote:
A coin will grade whatever the condition of the coin is regardless of the "slab'.


Very true, what I meant was once the coins out of the slab its much easier for something to happen to it that in the future would be you back a lower grade if resubmitted. Whether it be the album rubbing or an accident or whatever, just meant that once its out theres no assurance itll get the first grade again
Bedrock of the Community
United States
20753 Posts
 Posted 08/11/2012  7:03 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I collect coins, not plastic.
A slab takes up to much room & difficult to fit in an Album.
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basebal21's Avatar
13014 Posts
 Posted 08/11/2012  7:53 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I collect coins, not plastic.


Your right us slab collectors just collect plastic. We throw away the coin have the time just to have the label.

Saying that is like saying raw collectors collect 2x2s or albums instead of coins. Really cant understand why you feel the need to say such an insulting statement every thread that talks about slabs
Edited by basebal21
08/11/2012 8:00 pm
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Chancellor Sutler's Avatar
United States
1372 Posts
 Posted 08/12/2012  06:08 am  Show Profile   Bookmark this reply Add Chancellor Sutler to your friends list Get a Link to this Reply
The perception that the slab adds vale is at times only a perception.

When I search ebay for coins, the first box I check is "uncertified", in effect ... erasing any perception of added value of certification. Once they get into a slab, 9 times out of 10, the price exceeds the value of the coin. I have coins that others would slab. It's unlikely that I ever will.

There's nothing wrong with haggling over grade. I see graded coins when I look at heritage past auctions ... that I disagree with the grade on all the time. TPGs tend to overgrade scarcer coins. I tend "not to" afford more grace to a coin accounting for age or scarcity. "It is what it is". For me, I decide "what it is". I don't need a 3rd party's opinion.

When I did look at slabbed goods, I'd see sellers continually say their coins were "undergaded" ... but have yet to see a seller tout their wares as "overgraded". Why is it they only disagree when it's to their advantage?

Chance
Edited by Chancellor Sutler
08/12/2012 06:16 am
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trout1105's Avatar
Australia
7096 Posts
 Posted 08/12/2012  06:40 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Your right us slab collectors just collect plastic. We throw away the coin have the time just to have the label.

Saying that is like saying raw collectors collect 2x2s or albums instead of coins. Really cant understand why you feel the need to say such an insulting statement every thread that talks about slabs


I doubt that just Carl meant to insult anyone.
By using the statement "I collect coins not plastic" I assume the he means he has no need or use of the assurance of the grade or genuineness of a coin by someone else.
I have found that a lot of collectors look more at the grading printed on the slab than judging the coin within.

This is what I think he was eluding to and nothing to do with how collectors store their coins.

I have no great love of slabbed coins due to the inflated prices associated with them, They do however offer great protection to the coin while in transit.

I always de slab any coin I buy that way because I'm one of those weirdo collectors that like to be able to handle and study my coins in the flesh and not through a layer of hardened and often scratched plastic.

Each to their own way of collecting , As long as you enjoy the way you collect there is no right or wrong way


Bedrock of the Community
United States
20753 Posts
 Posted 08/12/2012  09:29 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Saying that is like saying raw collectors collect 2x2s or albums instead of coins. Really cant understand why you feel the need to say such an insulting statement every thread that talks about slabs

trout11105 explained it completely. I really don't care at all how others save coins, store coins, etc. It's really none of my buisness. I have no slabs, don't want any and if and when I get one, I open it and thow the plastic away. IF someone asks about slabs, I just tell MY viewpoint.
I can't even start to imagine how anyone could ASSUME my likes or dislikes concern their system of coin collecting.
And I do know a person that collects coin Albums but is not a coin collector.
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basebal21's Avatar
13014 Posts
 Posted 08/12/2012  4:27 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I probably did take it the wrong way which I do apologize. Just really hate the saying personally as it does give off the impression that some may be more concerned by the slab than the coin from the wording of it. I couldnt agree more everyone should collect what they like and how they like since thats what collecting is all about.

Dont mind me had a rough week and took it wrong. Thanks for clarifying Trout and Carl
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Dave H's Avatar
United States
1436 Posts
 Posted 08/12/2012  5:03 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
That just emphasises the PASSION that some/most/all? collectors have about their collections and storage methods. I have some of my coins in slabs (which I have not cracked out) and some that I put in air-tites. My main concern about my collection is preservation. Sometimes I get paranoid about storing them in other ways as I fear they might deteriorate in some way due to the storage method I've chosen.
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joeturbo26's Avatar
United States
1193 Posts
 Posted 08/12/2012  5:36 pm  Show Profile   Bookmark this reply Add joeturbo26 to your friends list Get a Link to this Reply
I've cracked open every Lincoln I've purchased including mint sets and don't regret it one bit. I couldn't care less what a TPG thought vs. how I feel to see an empty hole!

Admittedly the only one missing in my collection is of course an 09-S VDB which I will buy slabbed to guarantee authenticity but will absolutely crack that open too! I do however try my hardest to buy raw coins first to avoid the pain in the butt to crack slabs--but sometimes the ones that call my names just so happen to be imprisoned in plastic.
Valued Member
jpo's Avatar
United States
54 Posts
 Posted 08/12/2012  7:51 pm  Show Profile   Bookmark this reply Add jpo to your friends list Get a Link to this Reply
The only slabs I don't crack are for coins graded 69 or 70. I'm afraif the coin gods will put a ding in them. Maybe if I don't think I'll own the coin very long I'll leave it. But other than that I'm a crackinf fool.
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Earle42's Avatar
United States
10047 Posts
 Posted 08/12/2012  8:23 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I found a practical use for slabs that I do like. My wife and kids took no interest in my hobby. If something should happen to me, they know which ones in the safe deposit are worth looking into to get a maximum return. And let's face it, b/c it is slabbed it will sell for a little more b/c some people trust TPGs' opinions as if they are Gospel. I like finding ways of legitimately playing/using a system to my advantage.

And since I hate holes in my albums, I got some replicas to go into the holes. It makes the album look better and not worth very much if somehow sticky fingers would somehow get ahold of it.

If you like slabs - collect them! Enjoy getting all the different versions of the labels - more power to you

If you don't like slabs - use a bandsaw on them - more power to you

If you don't care - more power to you

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Bedrock of the Community
United States
20753 Posts
 Posted 08/12/2012  9:47 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
My main concern about my collection is preservation. Sometimes I get paranoid about storing them in other ways as I fear they might deteriorate in some way due to the storage method I've chosen.

I too used to worry like that. Then as I got older, realized I had no numismatic type of relatives or friends to leave it all to, I started to think differently. Yes I too worry about keeping coins looking as good as possible but only to a small degree now. If all of them start to corrode, stain, tarnish, etc. in a few hundred years, I will probably be sorry, if still here.
I sort of over stated saying when I open a slab, I throw the plastic away. In reality I silicon glue one half of the slab to the top of Solar Lights. This allows sunlight to still get to the solar collector, but shields it from the weather. Amazing how many people throw them away when the stop working due to the collector being dirty.
I also used to keep all those little tags from inside the slabs. Then I said to myself, SELF, why would anyone know for which coin they were for so I threw all those away.
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basebal21's Avatar
13014 Posts
 Posted 08/12/2012  11:43 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If you don't like slabs - use a bandsaw on them - more power to you


I prefer the hammer and paper towel method myself
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