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 Replies: 22 / Views: 2,532 |
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Valued Member
United States
69 Posts |
I purchased a 7070 type set albumn and have started my collection, but my problem is that I just don't feel confident enough to purchase the earlier coins without being third party graded. I have one dealer that I deal with that I buy raw coins from, but these coins are in the 50 to 100 dollar range. To get nice au or better coins in the earlier years I am expecting to spend in the 200 to 400 dollar range and maybe higher. I have purchased some of these coins in pcgs holders but can't display them in the albumn unless I crack them out which I would hate to do. What do you newer collectors do, have some coins in your albumn and some in slabs? In the mean time I am doing all I can do to read and learn to be more confident in my grading abilities.
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Moderator
 United States
187672 Posts |
Everything I buy goes into an album; it is a personal choice. I have never bought a slabbed coin, but if I had to, I would crack it since my goal is to fill the album. Why would I keep it in the slab and let that hole taunt me?  It is ultimately your choice. Do what you feel comfortable with! My advice for the 7070 is to be patient! Buy one coin at a time so you can do the proper research and know what to look for. |
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Pillar of the Community
United States
6326 Posts |
Anything you put in your albums now.....can always be upgraded later. Many people do that, in fact most do that I'd guess. Some are NOT fans of the "holders" and prefer the "albums" I will mention too. Really it boils down to your personal preference as to what to do there. Of course, you can just take your time and do BOTH......keep your storage container of the graded "holders", and continue to piece together your "album" over time.
I know some will say to "crack em" as far as the "holders" go though ! (and others, like you, do NOT want to do that)
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Pillar of the Community
United States
1173 Posts |
There's no easy answer to your question. If "filling" the 7070 is important to you, you have only two choices: buy raw coins or crack your slabbed purchases out of their plastic prisons.
If, on the other hand, you don't mind having your type collection housed in some other manner, then your slabbed coins can remain in their gilded cages.
I've chosen to not buy the 7070, and to simply keep my type coins in 2/2's stored in plastic sheets. That way I can arrange them any which way I like, and am not bound by the 7070's layout.
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Valued Member
United States
189 Posts |
Crack it,it will look better with its relatives.
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Pillar of the Community
United States
6381 Posts |
When it comes to higher-priced and high-grade coins my preference is to buy examples that are slabbed by PCGS, ANACS, or NGC. I've been burned too many times on raw coins that looked great but were determined to be cleaned or otherwise unfit for grading by the Top 3. I don't recommend cracking out a PCGS coin. That plastic slab will significantly increase the price you can realize when you sell, plus it will make the coin more attractive to buyers like me who might pass on a raw coin. For display purposes I put my slabs in coin binders that hold 9 slabs per page in clear plastic sleeves. It's not quite the same as a traditional album, but it looks nice. Everyone makes their own choices; as long as you are enjoying your collection you must be doing something right! |
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Bedrock of the Community
United States
14454 Posts |
I have bought coins in all kinds of slabs and some raw for my Dansco7070 album. I don't hesitate to crack out a coin for my album (because the plastic doesn't mean that much to me anyway, it just lets me know its authentic). I do keep the labels and I glue them to the back of the book, if you click on the link in my signature you can scroll all the way down and see what I mean by gluing the labels. There are some coins I just am not confident enough to buy raw and those I always bought in slabs and other times I just had the money and found a coin that happened to be in a slab that would fill a hole and bought it for that purpose
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Pillar of the Community
United States
3233 Posts |
Whenever possible...raw...unless I'm buying multiples of the same coin, then I don't care.
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Pillar of the Community
United States
2335 Posts |
This is something I'm having a hard time with myself. My main focus is on my 7070. I have a couple slabbed coins that I am reluctant to crack out & put in the album. These are mostly coins I bought & had slabbed because I felt like they were under graded.
An example is a large cent I bought for less than $100, & PCGS slabbed it as a MS64, with a resale value of over $300. When I had it slabbed my intention was to resell, & use the profit to buy coins for my 7070. I like the coin too much to sell, but don't want to crack it out in case I change my mind. Meanwhile, my 7070 has an empty space. It's starting to look like I may end up with 2 type sets, one slabbed & one not.
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Pillar of the Community
United States
1179 Posts |
Most definitely crack those bad boys open. I enjoy coins in an album 100x more them slabs. I like to look at my collection often, and pulling out hundreds of slabs is not what i'd like to do. I do like Bryan's idea of keeping the tags on hand, just to remember what they were graded at one time.
I think I've got the 7070 sickness now after looking at bryan's for the 300th time lol.....oh man, my wife is going to kill me now :) :)
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Pillar of the Community
United States
533 Posts |
I was just thinking this same thing this morning. I was going to start a thread, but got busy, and now look, here it is! But opposed to a 7070, I am working on Morgans. quote:
Everything I buy goes into an album; it is a personal choice. I have never bought a slabbed coin, but if I had to, I would crack it since my goal is to fill the album. Why would I keep it in the slab and let that hole taunt me?
So, if you were collecting Morgans, and you bought your 1893-s in AU55 you would crack it out and put it in your album? Thats the problem with Morgans, there are some that I shouldn't keep in my house let alone an album... Note, this isn't a problem I currently have, actually I might never have it, but I need to know what to do if someone ever gives my that '93-S for christmas. |
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New Member
United States
41 Posts |
I'm a complete newbie, but here's my take. I'd keep it in the slab if it was of any particular value. For me, that would not only protect it, but would make it readily graded in case I needed to quickly sell it for a cash emergency. Look at this way, it costs money to grade it, right? To me, that's part of the investment.
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Pillar of the Community
United States
666 Posts |
If you have the intention to sell it in the near future then keep it in the slab. If you don't have any plans to sell it in the near future then crack it open.
In general I'm not much of a seller so when I come across a slabbed coin I don't have any qualms about cracking it out. I get much more pleasure from seeing it in the album than I do seeing it in a holder.
Another thing to think about is how much does it bother you? Even if you are planning to sell the coin at some point... Is it going to bother you $15-$40 worth over the time that the coin is in your care? Because you can always resubmit it when the time comes to sell it.
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Valued Member
United States
473 Posts |
I've been thinking similar thoughts Small Change, only instead of a Type Set I'm working on a BU Liberty Head Set. Each coin in the set is going to cost me about $200 in he shape I want it--the 1885 and 1886 are priced around two grand in the shape I want. If and when I purchase them, I'm thinking I'm going to have to go with the slabs. I personally despise slabs (I don't feel the same connection to a slabbed coin as I do a raw one) but I'm not exactly about to drop a couple hundred, let alone thousand, on a coin that could be fake. I'm pretty confident in my grading skills in this series but still...a lot of money is at stake. I think if I ever do get them, I'll buy them slabbed and pop them out and put them in 2x2s to add to my binder.
Before you "un-slab" a coin be sure you plan on keeping the coin for a while--you can always reslab, but it would be a waste of money to open it and pay to get it done again a few months later.
--gary
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Moderator
United States
187672 Posts |
quote:
So, if you were collecting Morgans, and you bought your 1893-s in AU55 you would crack it out and put it in your album?
With exception to the one Morgan I have in my 7070, I do not collect them. Therefore, I cannot honestly answer that question! If I chose to buy a Morgan album, I would use it; but the real question becomes would I choose to use an album to collect my Morgans?  |
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Pillar of the Community
United States
1582 Posts |
I caught the 7070 fever awhile back myself, and have been able to fill all holes except for the Seated Liberty dollars. However, as far as value goes, my album can't hold a candle to Bryan's (kudos to you brother) but it's mine, and I'm happy with it. The coins will grade anywhere from G-4 thru BU, and that's cool with me. I've never really viewed my little collection as a major investment. To me, it's a very satisfying hobby...period. Back to the type album - if you're collecting for the sake of collecting, then, by all means, get raw coins, but, if you're collecting with an eye to the future, then I'd suggest buying slabbed coins, and put them away for the time when they reach a value that you'd be willing to sell them for. As has been pointed out, this hobby is your's - you can collect in whatever way you're comfortable with. My best advice is to keep it enjoyable and stress free, and it will bring you pleasure for years to come. Ralph |
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Replies: 22 / Views: 2,532 |
Posted 03/18/2008 11:36 am
