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Slabbed Vs Non-Slabbed, NGC Vs PCGS. Options Needed.

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Valued Member
Berk's Avatar
United States
148 Posts
 Posted 12/16/2012  5:38 pm  Show Profile   Bookmark this reply Add Berk to your friends list Get a Link to this Reply

Quote:
I assume that since coins themselves are in some cases being expertly counterfeited, so can/will/is(?) slabs form the various respected grading companies . . .


They have a number (kindof like a car's VIN#) that you can go cross-reference with the grading company's website to make sure it matches so there's a layer of protection.

My next thought is that if they were faking $10 Indian Heads they could just go get a PCGS number of one off an ebay auction and use the number on the fakes. So I wonder if you do have a slabbed coin if it would be a bad idea to post any pics showing the number online for fear it would be stolen by scammers and put your coin in question?
Valued Member
auptpdag1995's Avatar
United States
151 Posts
 Posted 12/16/2012  6:29 pm  Show Profile   Bookmark this reply Add auptpdag1995 to your friends list Get a Link to this Reply

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There are fake slabs, theres more you can do with a slab though to prevent that than with a coin. At some point theyll contain chips or other security features as technology allows, you cant go back and put chips or redesign old coins though

Yes, slabs have the potential for added security for existing coins, but for the time being I don't consider them a safeguard against fakes or coins that have been tampered with. Any benefit a slabbed coin has in the way of security is offset by other factors . . . the inabilty to test the slabbed coin for content/purity for example. As for coins yet to be put on the market . . . whatever security measures the grading companies implement could presumably be implemented directly by the mints themselves; several (government and private) are actively devising new security measures to try and stay a step ahead of the counterfeiters. This is an interesting topic, I think we can all agree that the more options we have, the better. I will stick to non-graded coins for the most part, but I'm sure I'll buy older graded coins on occasion, I have my eye on a few right now as a matter of fact :)
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/16/2012  11:42 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Numismatic items makes more sense slabbed to me then bullion even though there are exceptions....

I personally prefer the feel in hand verses slabbed anyway....

But if it is a high enough grade and very rare and valuable it only make sense to slab it to protect it, if not capsule or whatever....
Edited by Silverhawk74
12/16/2012 11:44 pm
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basebal21's Avatar
13014 Posts
 Posted 12/17/2012  01:07 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Well like silver said its more for numismatic coins that you would never test other than weigh or use a magnet anyway. It was also designed for numismatic coins but people have sent in bullion so they do bullion, there isn't much of a need for it for that though unless you like the look or to protect it or whatever. I personally dont see fakes of modern coins being much of an issue in the future far to many are made and far to many are preserved in very high grades. The old ones get their values from their rarity nothing in the modern coin place really suggests it will be rare for the circulating money.

There are things that can be done from the mint side, though thats probably more of a concern with gold. The silver coins theres enough places you can order where they get it directly from the mint that you dont have to worry for the modern stuff. The nice thing about slabs is it takes more effort to fake, you have to fake the coin and the slab and do both very well. They still struggle with the holograms but at some point theyll figure it out and the slab with get some changes.

Like you I keep my bullion coins raw, but the vast majority of my numismatic coins are slabbed. I guess the other thing worth mentioning would also be the US mint is really far behind other mints when it comes to things both is unique types of coins and trying to put security measures. When that will change who knows but they certainly arent leading the way on anything and by the time they implement anything the other mints will have probably moved on to the next measure
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/17/2012  01:40 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
The problem I have with hi grade premium items like a rare old gold coin that is ms-62 to say 65....

Anyone with a real numismatic knowledge knows that the difference from say a 62 to 63 can be in excess of hundreds of dollars. But to most of the world that buys as close to spot as possible, they could care less bout that premium. We all have our opinions on how hi is acceptable etc.-but I can't help but feel the ones willing to pay the crazy premiums on high ms grades are far an few between. Which if flipping results in a stagnant item, usually not a good thing....
Edited by Silverhawk74
12/17/2012 01:42 am
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/17/2012  01:46 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Needless to add in the ol hypithetical SHTF situation the 25k 1 oz gold slab may not hold its premium lol. End up trading it for 100 bucks worth of food perhaps.....
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basebal21's Avatar
13014 Posts
 Posted 12/17/2012  03:19 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Well I think its very important to separate bullion from numismatic coins. Theyre completely different and different rules apply to them. SHTF yes all that matters is metal content until society is reborn and then the numismatic will probably have huge premiums since so few will survive. But as long as society is around there will be people willing to pay for numismatic coins. The more valuable the coin the harder the sell is since you have fewer people that can afford it, but there is a market for it.

If you just want silver stick to raw bullion if you want high grade numismatic graded is great. Just understand what your doing when purchasing either and understand the differences
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