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Does Anybody Else Hate Slabs?

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Arael's Avatar
United States
567 Posts
 Posted 05/29/2014  03:04 am Show Profile   Bookmark this topic Add Arael to your friends list Get a Link to this Message Number of Subscribers
I personally find slabs super ugly, and I find it much easier to organize my coins when they are in flips, to me slabbing a coin makes it feel less accessible, like I'm looking at it in a museum, rather than owning it myself. What are your opinions on the appeal of slabbed coins?
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Fuzzy317's Avatar
United States
14463 Posts
 Posted 05/29/2014  03:14 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
Most of my coins are in albums or 2x2 flips, with less that 10 in slabs. I don't care for slabs myself, but they do serve a necessary purpose. For some TPG, slabbing coins can verify authenticity. Although not air-tight, they can marginally offer protection.
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shanew's Avatar
Australia
1041 Posts
 Posted 05/29/2014  03:15 am  Show Profile   Bookmark this reply Add shanew to your friends list Get a Link to this Reply
yes I hate slabs but they are the best way to buy and sell people
that don't know to much about coins like and feel safe
I spoke to a few dealers and they say there sales are up with slabs as the average joe feel safe buying them
that my 2 bobs worth
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Arael's Avatar
United States
567 Posts
 Posted 05/29/2014  03:24 am  Show Profile   Bookmark this reply Add Arael to your friends list Get a Link to this Reply
I agree that slabs are necessary in TPG, but I'm just saying I don't like purchasing them myself because of their poor aesthetic appeal and difficulty to organize.
Pillar of the Community
United Kingdom
1351 Posts
 Posted 05/29/2014  04:20 am  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Slabs are scorned upon in the UK.Especially for hammered.If I'm not confident that I know what I'm buying...I don't buy it.
Plus serious UK collectors mainly use cabinets.
TPG's have put the fear of god into the N American market and built up a multi million $ market for themselves.
Asia are copying the TPG slabs plus you get characters like Centsles who self slabs.(NNC)
Its each to their own.I have bought 6 slabbed coins but ignored the grade and graded myself.2 have been broken out.
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pcunix's Avatar
United States
58 Posts
 Posted 05/29/2014  05:21 am  Show Profile   Bookmark this reply Add pcunix to your friends list Get a Link to this Reply
Yeah, but..

I'm leaving my coins to my kids. If they want to sell (they may not, but IF), it will be a lot easier for them with slabs than without. They don't have to educate themselves on grading, they won't have to hope they aren't being cheated, they can get a very good ballpark of value just from what it says on the slab.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 05/29/2014  05:53 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
I personally like to see my coins close up. To handle them, weigh them. You can't do that if a coin is slabbed.


Does-Anybody-Else-Hate-Slabs?

OK, I get you'd want to perhaps protect proofs or BU copper from fingerprints. But capsules would work for that.

You might want reassurance your coin is genuine, but knowing your collecting area, buying from reputable dealers and learning to grade yourself will all help this. Plus you will become more of a numismatist, rather than just someone who collects slabs with coins in them.

To be honest, I don't hate slabs. Everyone is different and if some people want them, that's fine. What I do dislike is the creeping spread of the things from US coins to areas that the TPGS have little knowledge or experience in, such as hammered and ancient coins.

Trying to assess a 350+ year old coin by the same standards you'd use for, say, a 1969 cent makes no sense. They were manufactured by completely different processes. Plus the question we're really asking when we look at a coin is "is this coin a good (or better than average) example of the type?" Modern coins can be found in MS70 and so you have a benchmark for everything else from those. But you can only answer that question for earlier coins if you have seen a large enough number to establish your benchmark. And the evidence suggests TPGS graders haven't.

And finally, the genuineness of many of my coins is confirmed by provenance. Earlier collectors' 'tickets' upon which they wrote about the coin, photographs in auction catalogues or numismatic journals. TPGs don't seem interested in that. And unlike flips, there's no place to store old tickets with a slab.

So, no. I have no problem with slabs. So long as the coins I want continue to come to me raw as they traditionally have done.

I get pcunix' point about inheritance. My family will just have to turn to some of my friends who collect, or an auction house for advice I guess.

.
Edited by Tom Goodheart
05/29/2014 06:00 am
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kanga's Avatar
United States
5825 Posts
 Posted 05/29/2014  07:15 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I decided several years back I will NOT sell my collection before I die.
I want to enjoy it right up to the end.
Hence having my collection in slabs makes it MUCH easier for whomever gets it next to cash it in if they want to.
Plus I like to participate in the NGC Registry Sets; slabs are a requirement.

So EVERYTHING I buy is slabbed.
And my older unslabbed material is either being sold off OR for the keys/semi-keys getting slabbed.

And I'm a heck of a lot closer to "the end" than I can to think about (I'm 72).
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jerseyben's Avatar
United States
1211 Posts
 Posted 05/29/2014  07:17 am  Show Profile   Bookmark this reply Add jerseyben to your friends list Get a Link to this Reply
I have cracked out 3 coins from slabs this year alone. I only have 2 slabbed coins at this time and I might crack out one of those.
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Bacchus2's Avatar
United Kingdom
2868 Posts
 Posted 05/29/2014  07:56 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list Get a Link to this Reply
I own no slabs and probably never will. As Tom and Peter indicate most collectors in the UK do not have much interest and I'd rather spend the extra on the coin than someone elses opinion of it. Slabs are closely tied with grading and while that may work for modern coins where the perfect example is attainable, that just isn't the case for hammered, (medieval or ancient) - see Tom's post above. [EDIT - I should add that no TPG will guarentee any hammered coin anyway so they are useless from that point of view anyway]

Slabbing might provide reassurance but I'd prefer to buy from a good source and have a good knowledge of the series than blind off ebay relying on an opinion - anyone who thinks there aren't high quality fake slabs available is deluded.

http://coins.about.com/od/coingradi...CGS-Slab.htm

http://china-mint.info/forum/index.php?topic=361.0

http://www.billscoins.us/index.php/...2-19-19-51-1

That's a problem with slabs. If people rely on the "guarantee" that comes with buying one they may not mentally run all the diagnostic tests to actually ensure the coin is "right".

Other opinions are available :)
Edited by Bacchus2
05/29/2014 08:02 am
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frodo's Avatar
United States
352 Posts
 Posted 05/29/2014  08:52 am  Show Profile   Bookmark this reply Add frodo to your friends list Get a Link to this Reply
i like these square capsules
instead of the round.
the square actually fit in a drawer, where as the round take up to much space
https://www.leuchtturm.com/epages/l...ducts/308571
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BadThad's Avatar
United States
19930 Posts
 Posted 05/29/2014  10:04 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I don't hate slabs but I don't care for them either and I've cracked many open over the years. They have their place in the hobby and I own many slabbed coins. Nonetheless, my preference is for raw coins.
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 05/29/2014  10:06 am  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
I don't "hate" slabbed coins - I'll buy one if there's at most a nominal premium attached. Unfortunately, they've become an entrenched aspect of the hobby - just try placing a "raw" coin with a major auction house.
Colligo ergo sum
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sel_69l's Avatar
Australia
21786 Posts
 Posted 05/29/2014  10:06 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I don't HATE slabs, but I don't really like them.

I would find their only real use for me, is if I was selling American coins, and I was trying to provide a third party opinion on their authenticity and grade, that I know is generally acceptable in the American market.

My collection consists of about 4,000 pieces from ancient times up until about 1950, before mints around the World began striking special coins for collectors only. I am not an NCLT colletor.

A very small number of my coins would have a value of hundreds of dollars, but the vast majority of them would be worth less than $50, a value level where slabbing is not justified.
The coins are in cardboard / Mylar 2x2 flips. All of the details relating to the coin are written on the flip. You can't do that with a slabbed coin, which would not fit into a 2x2 album pocket anyway.

I am aware that album pages for slabbed coins ARE available.

I would find the presence of slabs in such a collection somewhat annoying, due to the storage problems they would present, relative to the rest of the collection.
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Libertad's Avatar
Canada
3692 Posts
 Posted 05/29/2014  11:14 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I have only one graded coin. Does ICCS count as a "slab". It's kind of a flip.
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 05/29/2014  11:16 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
I like slabs, but I have more raw than slabbed. I like organizing them in NGC/PCGS boxes. I'm long overdue for buying a slabbed coin.
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