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1824 CBH From Stack's W 57th St Collection Question

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Moe145's Avatar
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8904 Posts
 Posted 03/30/2016  6:42 pm Show Profile   Bookmark this topic Add Moe145 to your friends list Get a Link to this Message Number of Subscribers
I have this recent arrival.

My quandary? As most of you know, I don't usually keep slabbed coins in their slabs. I much prefer them in an album versus a collection of plastic slabs.

But! Occasionally, if the coin has a strong provenance associated with the slab, or it's a particularly rare coin, I'll keep it in its slab.

Is this coin, in its slab from "Stack's W 57th St Collection", a particularly rare provenance be preserved in this condition? Or is this another promotion from a TPG to promote its grading service?

Let me know what you think please. I'm torn whether to crack this slab or not...



1824 Capped Bust Half Dollar (O-104/R-2, Stack's W 57th St Collection)


1824-CBH-From-Stack's-W-57th-St-Collection-Question 1824-CBH-From-Stack's-W-57th-St-Collection-Question 1824-CBH-From-Stack's-W-57th-St-Collection-Question
Edited by Moe145
03/31/2016 4:04 pm
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edweather's Avatar
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 Posted 03/30/2016  6:49 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Of course it's your choice. It seems you are probably going to keep it for a while because it's going into your album, so I say 'crack away.' If I was going to eventually re-sell it, would probably leave it in the holder. my .02
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ArrowsAndRays's Avatar
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1654 Posts
 Posted 03/30/2016  7:02 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
The 5th Avenue hoard had over a million coins, iirc. The label inside the slab, featuring the auction house's name, is a curiosity of little value, imo. Knowing the coin in your album came from that famous hoard though, priceless! Fill that hole with a great looking coin!
Edited by ArrowsAndRays
03/30/2016 7:03 pm
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moxking's Avatar
United States
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 Posted 03/30/2016  7:09 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
I am one of a very small group that enjoys having examples annotated in the holders from great collections and hoards. I enjoy the provenance of those coins and appreciate the care given to them to allow them to survive.

I use the 9 pocket pages made especially for "slabs" and get just as much enjoyment paging through those albums as I do for my 20 and 12 pocket pages.
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johntookit's Avatar
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589 Posts
 Posted 03/30/2016  7:18 pm  Show Profile   Bookmark this reply Add johntookit to your friends list Get a Link to this Reply

Quote:
in its slab from "Stack's W 57th St Collection", a particularly rare provenance be preserved in this condition? Or is this another promotion from a TPG to promote its grading service?

I have few of these from when they came out in 2014. In my opinion most if not all are over graded. If it was close to the next grade up, well that what's got put on the grade.
There were so many being auction off every week, most were sold for a large discount.
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BStrauss3's Avatar
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 Posted 03/30/2016  7:52 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
YMMV ... certainly in my series (3cs) most of the lower graded W57st collection coins are gift grades. But I have found a couple of the XF coins accurately graded and - despite my saying I wouldn't have one I the collection - one of them is in my XF circulated set.

But I've also seen W57 "XF"s that would be hard pressed to make VF30 if correctly graded.

So:

Never say never
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Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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GR58's Avatar
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11951 Posts
 Posted 03/30/2016  10:12 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Nice coin, that would look good in a album.


But ..

I am sure others have thought this, I think it would be
nice to have a group of slabs from hoards.

Redfield, Binion, Battle Creek ...etc

I would at least sit on it for a while, then it might come
to you, weather to crack it open or not
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muddler's Avatar
United States
7189 Posts
 Posted 03/31/2016  08:22 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
The coin belongs with her sisters in your album. But you can keep the label in the album too.
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billjones's Avatar
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 Posted 03/31/2016  2:17 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
Pulling coins out of NGC and PCGS slabs is a personal choice, but it is a very expensive move. Shipping expenses, grading fees and the risk of getting a lower than the original grade or even a "details grade" are all costs or potential costs connected with album crack-outs.

You coins are worth more in certification holders and are easier to sell. If you have coins that are worthy of sale in major auctions, certification of U.S. coins is mandatory. You need to realize that when you move coins from slabs to albums.
Edited by billjones
03/31/2016 2:19 pm
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52Raymo's Avatar
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 Posted 03/31/2016  2:26 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Crack crack, don't look back !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Spence's Avatar
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34397 Posts
 Posted 03/31/2016  3:32 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
My thought is to keep it in the slab if you are ten years or less from liquidating your collection, for the reasons mentioned by billjones above. However, if you in the middle of your collecting career or even the beginning, then crack it open carefully and save the label. Who knows what kind of slabbing technology the TPGs will be foisting on us in 20 years.
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Coinfrog's Avatar
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94367 Posts
 Posted 03/31/2016  4:55 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Personally, I would leave it in the holder if you think you might sell it in the next ten years. It'll be much easier slabbed.





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jeffrose's Avatar
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1432 Posts
 Posted 04/06/2016  1:48 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply

Quote:
The coin belongs with her sisters in your album. But you can keep the label in the album too.

amen
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