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Do You Collect Coins Or Plastic Slabs?

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scottk's Avatar
United States
767 Posts
 Posted 02/16/2015  12:30 pm Show Profile   Bookmark this topic Add scottk to your friends list Get a Link to this Message Number of Subscribers
Just curious.

I have been interested in numismatics for just shy if a year. I decided to work on a set if braided hair large cents a few months ago. Finally "found my way".

I absolutely despise tpgs and their slabs.

I have never bought a slabbed coin, and for that I am proud.

I collect coins, not plastic holders.
Edited by scottk
02/16/2015 12:31 pm
Valued Member
iontyre's Avatar
United States
269 Posts
 Posted 02/16/2015  12:46 pm  Show Profile   Bookmark this reply Add iontyre to your friends list Get a Link to this Reply
I know how you feel. The TPG thing has in some ways really ruined the hobby. I only will buy slabs for very specific purposes. I wanted a nice 1965 SMS set for my wife's birthday. Buying the OGH sets never appealed since they never look all that nice. So I have been buying PCGS SP66 or SP67 to compile a set. My Ike's so far have been compiled from mint sets and proof sets, but now I will need to grab the 71 and 72 circulating strikes in slabs to get known UNC coins, and then grab some blue and brown IKES for the silvers.
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The Silver Searcher's Avatar
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1388 Posts
 Posted 02/16/2015  1:00 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply
I collect coins, and don't currently possess any slabs. I'd rather learn to grade myself than trust someone I've never met to do it for me.

That being said, I will likely purchase some key date coins in slabs, because they will be easier to sell should I ever decide to upgrade.
Edited by The Silver Searcher
02/16/2015 1:01 pm
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pawpaw34's Avatar
United States
331 Posts
 Posted 02/16/2015  1:03 pm  Show Profile   Bookmark this reply Add pawpaw34 to your friends list Get a Link to this Reply

I have bought several coins in slabs depending on appeal. Afterall a quick run down the bandsaw and they are freed pretty easy.
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MrMorgan's Avatar
United States
161 Posts
 Posted 02/16/2015  1:03 pm  Show Profile   Bookmark this reply Add MrMorgan to your friends list Get a Link to this Reply
I would never buy a coin that I did not like regardless of what slab it was in or what grade a TPG assigned. That being said, I would however by a coin I liked regardless of the slab it is in. I used to despise slabs but I have recently come around and now most of the coins I purchase are housed in PCGS slabs. This is because one day I will be gone, and my children or wife will have the task of assessing my collection. Having the coin certified and graded will make it easier on them.
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scottk's Avatar
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767 Posts
 Posted 02/16/2015  1:11 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
IMO slabs are the very worst things to happen in numismatics, since the invention of laquor.

Why do you guys bother with the coins? Just tear the pcgs sticker off, put it in a flip, and call it a win

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barryg's Avatar
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5849 Posts
 Posted 02/16/2015  1:22 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
For lower end coins and/or coins purchased to fill holes in albums, I definitely prefer raw coins to slabbed. This includes some rather pricy Seated Liberty dollars, $20 gold pieces, etc.

As I've moved up to buying more expensive coins that are not part of specific sets, primarily as investments, I have only purchased slabbed coins from reputable dealers. This is partially to ensure authenticity (as much as possible) and partially to make the coins easier to sell down the road, if necessary (whether by me, my wife or our son).

I never buy a coin just for the slab, however. I've seen plenty of high grade slabbed coins that just look awful to me, due to spotting, drab toning, etc., and I'll only get a slabbed coin if its one I would be proud to own without the slab. As I said, the slab just adds a bit of security when buying more expensive coins.

If you want, you can see my current collection of slabbed coins here.
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fromms2244's Avatar
United States
461 Posts
 Posted 02/16/2015  1:32 pm  Show Profile   Bookmark this reply Add fromms2244 to your friends list Get a Link to this Reply
Buy the coin not the slab is the saying.... so if the coin I want is in a slab, I buy it. I don't "hate" slabs. I don't have to have them. But I will not pigeon hole myself by saying I will never buy a coin in a slab. There are alot of nice coins in slabs, and I do not want to eliminate them from a possible purchase.
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scottk's Avatar
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767 Posts
 Posted 02/16/2015  1:36 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
Yeah, my way of saying it is "I collect coins not plastic junk".

I really hope this silly trend fades quickly.
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denco7's Avatar
United States
2543 Posts
 Posted 02/16/2015  1:38 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
No collector collects slabs, unless they have historical value, like Redfield/Paramount, Doily or Regency holders.

I think an experienced collector strategically uses TPGs and slabs for authentication and to enhance the value of some coins.
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The Silver Searcher's Avatar
United States
1388 Posts
 Posted 02/16/2015  1:42 pm  Show Profile   Bookmark this reply Add The Silver Searcher to your friends list Get a Link to this Reply

Quote:
I think an experienced collector strategically uses TPGs and slabs for authentication and to enhance the value of some coins.


Well said!
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scottk's Avatar
United States
767 Posts
 Posted 02/16/2015  1:43 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
I generally offer less money than raw value for coins in slabs due to the trouble I have to go through breaking them out of the stupid things.
Edited by scottk
02/16/2015 1:44 pm
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denco7's Avatar
United States
2543 Posts
 Posted 02/16/2015  1:55 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
I really hope this silly trend fades quickly.


2 Truths:

1.)It is not a silly trend that is going to end ever .......TPGs are now an integral part of collecting

2.) You will buy/own a slabbed coin in your collecting future. It is easy when buying $20-$50 coins, to say "I hate slabs and will never buy a slabbed coin, I would rather learn to grade myself." But the reality is, no matter how good you think you are, neither you nor I nor anyone else is going to drop $1000+ on a 1889cc, 1893s, 1909s vdb , 1877 IHC .... etc without it being slabbed. Not because we don't trust ourselves, but because evryone else is going to want a second opinion.
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scottk's Avatar
United States
767 Posts
 Posted 02/16/2015  2:03 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
Denco7..

I have one thing I'd like to say to you...

Hahhahaahajaaajaajaajhaahaaaaaa...

Aahhh...
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scottk's Avatar
United States
767 Posts
 Posted 02/16/2015  2:06 pm  Show Profile   Bookmark this reply Add scottk to your friends list Get a Link to this Reply
I must also state that in 90 years, people will REALLY care about the difference in your ms69 and ms70. Slabs.

Hahahhaaaaa.....
Edited by scottk
02/16/2015 2:07 pm
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