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 Replies: 24 / Views: 3,317 |
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Pillar of the Community
United States
624 Posts |
I have a very attractive Indian 1914-D 21/2 Quarter Eagle in a slab that's at least 25 years old. The NGC slab has a chip in the upper corner. It's not a crack and the slab is otherwise in very good shape. If you have held an NGC slab, you know there's a ridge that runs along the outside of the coin. It's thin plastic and I suppose it didn't take much to get this chip.
I would like to re-slab the Indian to sell it. I think the chip needlessly devalues the coin and wanted some advice on the best (and hopefully cheapest) way to get this done. Any advice?
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Pillar of the Community
United States
5825 Posts |
If you use GOOD, LARGE & SHARP images the people that can afford your coin won't care much about the chipped slab.
But if the slab is scratched such that you get lots of marks showing in your images then a re-slab may be in order.
And to be accurate (and avoid problems) DEFINITELY mention the chip in your description.
(BTW you didn't mention the grade; the higher the grade, the less likely the chip will matter.)
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Pillar of the Community
Korea, Republic Of
1881 Posts |
If the slab is an NGC black slab, there will be slab collectors out there who are willing to go on a bidding war to get it (even with the crack).
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Pillar of the Community
United States
7840 Posts |
I would have the "fatty" slab redone. The newer NGC slabs have four prongs which look better than the solid white gasket. Then again, some like the older NGC holders.
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Bedrock of the Community
United States
20753 Posts |
IF your just planning on selling it, just sell as is. Don't mention the chip. Your selling a coin, not a slab.
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Pillar of the Community
United States
1511 Posts |
 with just carl... Your selling the coin not the slab. Heck, if I were buying it, it'd just be released from that prison within a few minutes of getting the mail anyways   ... Lol, I'll have to keep an eye open for the auction hoping that some idiots do devalue it for the slab and I can get it for a steal, lol, just playing. But as always mentioned, but the coin and not the slab. ... The coin should sell itself regardless of the slab... |
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New Member
United States
33 Posts |
If you would like to re slab it. You are able to resubmit coins to NGC with a small fee (around $15 I believe) to have the coin reholdered into a new halo type holder
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Pillar of the Community
Korea, Republic Of
1881 Posts |
I don't think you should reslab it if selling.
It's the coin you are selling, not the slab. If I was to keep it, reslabbing would be my choice. But selling? I would sell it as it is.
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Pillar of the Community
 United States
624 Posts |
Thanks guys... the coin is a 'higher grade' at MS63. My concern was that someone who didn't know about the chip might not subscribe to the "buy the coin, not the slab" concept. I will include a description and a good photo that shows the chip (again... not a crack). It's a shame, really... the older style holder is in nice shape.
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Pillar of the Community
United States
1839 Posts |
I'm not sure about NGC but PCGS will reholder your coin for very little money. NGC likely has a similar option. The real expense is usually shipping the coin back and forth assuming it fairly valuable and you'd need to ship insured.
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Bedrock of the Community
13014 Posts |
Depending on how bad the chip is youre going to take a hit value wise. The feeling of if someone were to keep it they would redo it but if theyre selling theyd sell it says it all about the chip. The question becomes at math problem at this point. Will you lose more than it costs to have it reslabbed. Not being an NGC member I am not familiar with what they charge for this. Figuring that out would be my first step.
Given that this is a single coin, I suspect that it would be costly to reslab as a one off. If you had a bunch more you wanted done it could be worth it, but youre likely better just knocking some off the price and saving the expense
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Pillar of the Community
United States
3486 Posts |
What's next? Slabbing a slab in a larger slab?
And yet another slab, again, again, until we have a Russian nesting doll of slabs?
IT IS THE COIN THAT MATTERS!
Anyone who values the slab over the coin does not deserve the coin.
Certainly not mine.
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Bedrock of the Community
13014 Posts |
Quote:
IT IS THE COIN THAT MATTERS!
Anyone who values the slab over the coin does not deserve the coin. They both matter. Everyone would pick the undamaged slab 100 times out of 100 when offered the exact same coin in a cracked slab or an undamaged slab. Would you buy an album where the pages were splitting in half? Its the same thing. Has nothing to do with valuing the slab over the coin |
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Pillar of the Community
United States
624 Posts |
I'm applying myself to the 'what would a reasonable person do rule'... if I got this (or any) slabbed coin and there was a chip that wasn't explained in the description, I wouldn't be happy about the exchange. If I got the coin I have, I don't think I would send it back, but I would question the integrity of the seller. That's just me... I know there are other opinions out there.
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Moderator
 United States
188213 Posts |
Quote:
Everyone would pick the undamaged slab 100 times out of 100 when offered the exact same coin in a cracked slab or an undamaged slab.
Uh, no. You can say most, but you cannot say everyone, as I am at least one of those exceptions. I most certainly have no problem with a crack or damage, since I will certainly be taking the coin out anyway. Given the choice, I would much rather have the unaffected slab go to someone who intends to keep it intact; give me the damaged one.  |
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Bedrock of the Community
13014 Posts |
Quote:
You can say most, but you cannot say everyone, as I am at least one of those exceptions. Fair enough, maybe not EVERYONE but the vast majority  |
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Replies: 24 / Views: 3,317 |
Posted 04/09/2014 09:14 am
