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 Replies: 16 / Views: 3,774 |
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Valued Member
United States
58 Posts |
Hello, So I'm at that crossroads where I buy a slabbed coin for a Dansco album and now having my doubts. Here is a link to my Morgans(mostly circulated and or cleaned) http://goccf.com/t/365534 . This one has big time marks on cheek and field in front of face. Bag marks? Still have 15 to go out of a 96 port album. But rather fill the hole in Dansco I think. Opinions?   Thanks, Dyno |
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Pillar of the Community
 United States
8938 Posts |
It's a nice 63. It won't fit in your album like that though. If you want it in the page break it out.
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Valued Member
 United States
58 Posts |
Really, The luster is awesome very clean but the heavy marks on the chin, cheek, forehead and field in front of face? Are they bag marks?
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Pillar of the Community
United States
1023 Posts |
Aside from that spot on the cheek its nice looking. Id keep it in the slab.
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Bedrock of the Community
United States
94367 Posts |
Bag marks almost certainly. I'd leave well enough alone.
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Pillar of the Community
 United States
6526 Posts |
I don't get you all and your albums. Is your main goal to have one of every coin minted? Good luck with that
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Bedrock of the Community
United States
10284 Posts |
Your image is 2.9 mb and took forever for me to download.  Images don't need to be that large here and can still be as nice as yours are. https://www.coincommunity.com/image-optimizer/Some of us still have chipmunks turning the hard drives in our pc towers. |
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Valued Member
United States
58 Posts |
Sorry TNG, I once had a tag that said "I am old school, that why I am still 56K(if I can get it)."
Ill try to resize with that in mind from now on.
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Valued Member
United States
58 Posts |
keith12 Maybe its more about filling holes. Male gene thing we can't control. :) (ducking any save spacers types)
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Pillar of the Community
United States
4085 Posts |
If I looked it up in the price guide right, it's like a $250 coin? That's within my guidelines of ok to crack. Don't get me wrong, it's a super nice coin but if your goal is to finish an album, the slab is expendable. You could always reslab it in the future; it should be well protected in the album.
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Pillar of the Community
United States
747 Posts |
It's your coin, do what you want with it. I have personally busted many Morgans out of slabs for my album (that's pretty much how I have a complete album of high grade Franklins). The only time I won't, is if it's an expensive/high grade coin. Then I put it in my safe and buy a lesser grade for the book. I do it to make me happy, not others. I'll never sell my collection so in the end, slabbed or not, makes no difference to me.
When I liberate a coin, I keep the label in a safe place.
Edited by NDBirdman
01/25/2020 7:15 pm
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Pillar of the Community
United States
6383 Posts |
There is little difference in price for the 1883-CC Morgan in grades 61-63; even a 64 is only a little higher in cost. This is a pleasing, lustrous Morgan with typical shallow "luster grazes" on the cheek. It will look nice in a Dansco and there is little downside in cracking it out. Just save the label in case you want to sell it someday with the PCGS documentation. If it were in an original GSA holder I'd advise you to leave it alone.  |
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Bedrock of the Community
13014 Posts |
Quote:
Just save the label in case you want to sell it someday with the PCGS documentation. No reason to save the label for purposes of a sale. If someone wants to for their records sure, but once the coin is cracked out the label is meaningless and no buyer should ever put any weight into a lose label next to a coin like that. Even if you can match that it's the same coin for sure, you don't know what happened to it when it was cracked out or done to it since then. As soon as it comes out of the slab anything that was on the slab is irrelevant |
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Valued Member
United States
56 Posts |
Quote:
"...once the coin is cracked out the label is meaningless and no buyer should ever put any weight into a lose label next to a coin like that." (Sry have forgotten how to copy quotes) *** Edited by Staff to add Quote tags. [quote][/quote] Please use them in the future. *** - no doubt you are correct in many if not most cases, basebal21, especially for coins with hundreds of thousands of survivors (as you said, "coins like that"). Just would like to note that in a future transaction between serious collectors of less common dates, that the freed TPG labels should still carry some weight if the unique markings on the coin ensure beyond all doubt that no tricks were played. |
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Bedrock of the Community
13014 Posts |
Quote:- no doubt you are correct in many if not most cases, basebal21, especially for coins with hundreds of thousands of survivors (as you said, "coins like that"). Just would like to note that in a future transaction between serious collectors of less common dates, that the freed TPG labels should still carry some weight if the unique markings on the coin ensure beyond all doubt that no tricks were played. Even in cases where you can match it up it's in the collectors best interest to put no weight into the floating label. You still have no assurance the coin is in the exact same condition as when it was graded. |
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Valued Member
United States
56 Posts |
Point well taken, thank you. Still, with time/dated photos of the pre-crackout slab and the newly freed raw coin, it seems like the labels are still relevant to some degree. If you will, let's broaden the discussion beyond Morgans, to include say Capped Bust and Seated coinage. You as a buyer are free to ignore the loose labels and offer accordingly. But as a seller who has safeguarded a given coin for years before reselling I could hold that with clear photos on the table: a) most all examples of these older coins have a unique look so there is very little risk of my having swapped it with an inferior or uncertified example b) changes in toning or new damage would be obvious and be factored into the asking price. All told I do defer on the matter to you and the many more experienced members here on CCF. Just hoping that collecting in Dansco's in the $200-$600 per coin range does not have to incur a stiff penalty (i.e.,beyond the price of certification) upon resale. I know there are many who would never crack out a $200+ coin, and I usually do not, but if necessary to complete an album series it ought to be possible without a major downside. |
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Replies: 16 / Views: 3,774 |
Posted 01/25/2020 4:18 pm
