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Slab Or Not?

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Pillar of the Community
United States
1590 Posts
 Posted 10/06/2012  02:59 am  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
I have slabbed varieties. Mostly because as an online dealer it is almost essential when selling a high dollar variety. I have been tempted at times to send in some super high grade coins because of the price differential. I haven't yet. I have bought some slabbed coins because they were good deals. For instance I have an almost complete collection of modern ( last 25 years) Lincoln proofs that I picked up for less than $5 each....shipped. PF69, well worth it!
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 10/06/2012  05:03 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
It's kinda nice to see someone else besides me having problems with NGC.
I started sending in coins for certification at PCI and SEGS, then later crossing over the rarer ones to ANACS and was surprised that the PCI graded coins came back in the same grades in the ANACS holder...

I also had problems with NGC not listing the Variety on a MS65 1943 DDO Quarter, even though I paid the extra Variety fees... This Quarter now resides in a PCI Signature Series Holder (J.T.Stanton) with the correct variety, and when I telephoned NGC to advise that PCI had cracked out one of their NGC holdered coins at my request and it now resides in a new PCI holder, they could care less (so much for NGC quality)... I wanted the variety listed on the holder as the Cherry Pickers Guide valued this variety at $500 in MS65 and a non-listed variety at that time was $35.

Many people here will only use/purchase PCGS or NGC TPG Coins...
I myself, will never send another coin to NGC and believe PCGS (IMHO) are overpriced (considering 60% of PCGS Coins submitted to CAC don't meet their standards)...

I sent a number of B/U Morgans to ANACS and believe they were strict on their grading and often wonder if I would have received higher grades if I were a well known dealer with large bulk submissions...
Just sayin'
Pillar of the Community
United States
1590 Posts
 Posted 10/06/2012  12:07 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Well, as for problems.....

My Grandfather owned a Casino in Carson City and was an active Coin Collector. My Uncle inherited the bulk of his collection. On a visit to him a few years ago he opened one of the MINT SEWN bags of Morgans that he had inherited. That bag had 1887 S Morgans. We Cherry picked through that whole bag for the very best coins.

My Uncle had never submitted anything to a TPG and wanted to give it a try. At that point my Uncle had been collecting for 68 years. The coin he submitted was an easy MS67. No slide marks, no contact marks, beautiful Cameo DMPL.

It came back body bagged, "cleaned".

Needless to say he has never submitted anything again. Oh and it was PCGS.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 10/06/2012  1:41 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
considering 60% of PCGS Coins submitted to CAC don't meet their standards


Because CAC only stickers the A and B grade coins. Not everything is going to be a strong to high end of their grade coin. They would actually be misgrading if all their coins did sticker
Valued Member
ericmckeown's Avatar
United States
379 Posts
 Posted 10/08/2012  4:38 pm  Show Profile   Bookmark this reply Add ericmckeown to your friends list Get a Link to this Reply
I personally went with (No) since I have never slabbed a coin. Not to say I never will. Right now I'm just not interested. I imagine if I did, I would crack it out of there within a day or two.
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 10/08/2012  5:15 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
First off, I didn't vote because my reason was not listed. I have never sent a coin to a TPG service yet. Not to say I never will as I am still contemplating sending some of my raw Morgans to ANACS to have graded and have the VAM attribution put on the label.
Valued Member
United States
255 Posts
 Posted 10/08/2012  8:45 pm  Show Profile   Bookmark this reply Add Kellyk to your friends list Get a Link to this Reply
Dave700x,
Does ANACS add all VAM attributions or just some? How will you decide which to have labeled by rarity , increased value or
just because? I'm curious as I may slab some of my more valuable coins for awareness , protection, etc and am curious which to slab. I am not ready to slab anything and may not ever as I love the raw look. Yet if I keel over, I don't want my son to take them to the local pawn shop nor do I want them damaged....
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 10/08/2012  9:06 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
@Kellyk as far as I know ANACS will add any VAM number to a label. I could swear I've seen VAM 1 on a label. I think NGC and PCG will only recognize the top 100, HOT 50 and HIT LIST 40. I'm not sure about the Kimpton and elite clashed. I haven't decided what the criteria is yet for my cut list. I'll definitely send the higher interest and R6 and R7 rarities. After that I'm not sure. I definitely agree with you about identification for future family (we hope) collectors.
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wquinn's Avatar
United States
2295 Posts
 Posted 10/09/2012  3:16 pm  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
I've had a few variety and error coins slabbed. And a few BU coins. Mostly to sell them in the near future. I went with ANACS, since they are cheaper, but I think they are strict in their grading.
Edited by wquinn
10/09/2012 3:20 pm
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upstate's Avatar
United States
3283 Posts
 Posted 10/09/2012  9:05 pm  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
Pretty much a useless service IMO.
Unfortunately necessary to authenticate in today's world of counterfeits (sometimes)
Valued Member
Rupre07's Avatar
United States
176 Posts
 Posted 10/09/2012  10:34 pm  Show Profile   Bookmark this reply Add Rupre07 to your friends list Get a Link to this Reply
Never
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