| Author |
 Replies: 11 / Views: 1,477 |
|
|
Valued Member
United States
234 Posts |
Anyone out there do any significant slab cracking to get access to the coins you purchase?
Maybe not the most responsible or economic approach to collecting, but I just have this lack of fondness with the slab part of slabbed coins. Love the coins, not so hot on not being able to have them in hand and store in anything other than some box. As most coins worth slabbing are what I like, makes it hard to acquire from just raw coins rolling in my local coin dealer shop.
|
|
|
|
Pillar of the Community
United States
7390 Posts |
sure you can find the coins you like raw, this is the information age where everything is at our fingertips. You're just taking a big chance as upper end coins tend to be counterfited or have issues. Most are in slabs for a reason, be it for authentication, preservetion or for market liquidity. I personally like slabs and consider them a must for better coins that I or anyone else should NEVER want to touch
|
|
Valued Member
 United States
234 Posts |
I kind of view the whole slab thing as the percentage I pay for authentication purposes. Cost of doing business in a commodity that has value such that it's worth the time and effort for the less than honest to counterfeit. Not saying I crack everything I buy, but a two to five hundred dollar coin to me isn't probably of such value that losing the slab bothers me. That said, crazy number of coins get graded so that's where the better coin stock resides in the market. I don't know about your local coin guy, but mine isn't loaded with MS coins worthy of grading so the supply-demand thing kicks in. As for buying over the internet, at least with a graded coin someone has had it in hand at some point in time even if I haven't. You're taking a bigger flyer from a raw coin picture on ebay that if wrong, would pay for regrading if you ever wanted to do so. |
|
Pillar of the Community
United States
1566 Posts |
I've cracked every slab I've ever bought. I dislike the concept of having nearly every decent coined slabbed. As far as I'm concerned slabs are for authentication only. Considering how inconsistent the TPGs are at grading they're only a ball park estimation of grade anyway.
|
|
Moderator
 United States
23522 Posts |
Quote:
As far as I'm concerned slabs are for authentication only. Considering how inconsistent the TPGs are at grading they're only a ball park estimation of grade anyway. Rather nicely put. A slab serves on two occasions - when you buy it, and when you sell it. Between, it's just extra volume you have to store. |
|
Pillar of the Community
United States
1132 Posts |
 It's comparable to purchasing a refurbished a game console. It's (most likely) used. You know what you're getting & it's backed by a warranty for your piece of mind, then repackaged for aesthetics. After you buy it, you (obviously) wanna take it out & play with it. Edited by CopperCastle
04/18/2015 12:44 pm
|
|
Pillar of the Community
United States
1795 Posts |
All valid and true but myself I still keep em in the slabs (only NGC and PCGS).
|
|
Bedrock of the Community
United States
20753 Posts |
I have no slabbed coins. I break out all slabbed coins. I collect coins not plastic.
|
|
Pillar of the Community
 United States
2362 Posts |
I'm a collector and rarely sell coins so I break out all my slabbed coins. Those big hunks of plastic just get in the way.
Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
|
Pillar of the Community
United States
2815 Posts |
I only crack slabs if the coin is going into an album. If I'm not mistaken I've only done this 4 times: 2 Peace dollars and 2 Buffalo nickels. |
|
Pillar of the Community
United States
6478 Posts |
I just cracked a 1950 S Booker T Washington Half dollar from a PCGS slab so I could put in my 7070.
|
|
Bedrock of the Community
Australia
21786 Posts |
A TPG would not look at a significant part of my collection, because they are ancients hammered, milled Indian and Isalmic. If they were slabbed, I would not be able to examine and research them 'in hand'. If the modern coins in my collection (struck after about 1800) were slabbed, I would have a major and unsolvable storage and display problem on my hands. |
| |
Replies: 11 / Views: 1,477 |
|
Posted 04/18/2015 11:19 am
