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Cracking A Slab To Fill The Hole, What Are Your Opinions Or Criteria?

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Pillar of the Community

United States
876 Posts
 Posted 05/16/2023  7:29 pm Show Profile   Bookmark this topic Add Dowhat to your friends list Get a Link to this Message Number of Subscribers
Enough is said in the title. Yes, no, when, why?
Cracking-A-Slab-To-Fill-The-Hole,-What-Are-Your-Opinions-Or-Criteria?
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HondoB's Avatar
United States
24898 Posts
 Posted 05/16/2023  7:47 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Dowhat, just picked up a 1953 Franklin half, PCGS MS 63, and there is that hole in my album....
Inordinately fascinated by bits of metal with strange markings and figures
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United States
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 Posted 05/16/2023  8:07 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply
I would go for it. Buy the coin, not the slab!
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Coinfrog's Avatar
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 Posted 05/16/2023  8:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Depends on the coin. There is no other answer to this question.
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Alpha33's Avatar
United States
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 Posted 05/16/2023  8:39 pm  Show Profile   Bookmark this reply Add Alpha33 to your friends list Get a Link to this Reply

Quote:
I would go for it. Buy the coin, not the slab!



As long as there is a hole in your album, your album is not complete.
My 2¢
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ijn1944's Avatar
United States
19112 Posts
 Posted 05/16/2023  9:00 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
I'd crack it open if the coin going into the hole is in an album full of similar quality coins. I'd avoid filling the hole with a MS grade coin if all the others were in the G to F range.
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Earle42's Avatar
United States
10029 Posts
 Posted 05/16/2023  9:14 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
A fact to keep in mind.

The very existence of the re-slabbing game tells you the label is what counts on a slab, and the label is where the market value actually is.

People forget grades are not an actual grade of the coin b/c there is no scientific standard or verifiable process used. Labels show the subjective opinion of the graders who saw it on that specific day they held the coin. Subjectivity also conveniently keeps the coin companies unaccountable, and the re-slabbing fees keep coming in. Businesses go where the money can be made.

If market value being hurt is your concern, then consider if you have a coin that you believe to be over-graded in a slab, what people will pay for it (note I did not say actual value) is more NOW than if it was cracked out and re-submitted and got a lower grade.

Other than this...all a slab really means is the coin is not counterfeit, and that someone paid a company for a changeable opinion. So cracking out a coin is not really a big deal if it is not something that would bring a high price when sold.



How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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United States
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 Posted 05/16/2023  9:53 pm  Show Profile   Bookmark this reply Add kennedy759 to your friends list Get a Link to this Reply
I have two ASE in slabs graded ms69, I plan to break them out to fill my album
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MisterT's Avatar
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2001 Posts
 Posted 05/16/2023  10:42 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
When I crack a coin from a slab to fill a hole I like to keep the labels in an envelope with the album.
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Dearborn's Avatar
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 Posted 05/17/2023  08:42 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply

Quote:
When I crack a coin from a slab to fill a hole I like to keep the labels in an envelope with the album

Same here, I keep the labels and notate the location on the back of the label
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muddler's Avatar
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 Posted 05/17/2023  09:07 am  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
Many a slab have been cracked for my albums but a few remain in the slab. As a rule a classic coin graded ms 65 or higher will hold a better resale advantage over a raw coin even with a former slab's printed description. I live with the two holes in my commemorative set due to this personal restriction.
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jbuck's Avatar
United States
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 Posted 05/17/2023  09:20 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Cracking The Slab To Fill The Hole.
I have done this three times.

This was the first one... http://goccf.com/t/431501
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United States
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 Posted 05/17/2023  7:56 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply
Wow! Some great replies. Not sure where to start.
Collection runs from 1959-2011. Near 80% MS, none less than AU. Always upgrading.
Slab really means nothing to me. I want that good lookin' coin in that hole. There are no slabbed coins or mint sets that I have acquired that I have not busted open.
I do, however, attach the original label on the reverse side of the coin in the album. Same number,same coin Just reference the archive. So.ething like this.


Cracking-A-Slab-To-Fill-The-Hole,-What-Are-Your-Opinions-Or-Criteria?
Nice conversation here.
I have a 1981 S T2 PR 68 UC inbound for $59 bucks. OK by me. In the hole.
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Dearborn's Avatar
United States
94728 Posts
 Posted 05/17/2023  8:07 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply

Quote:
I have a 1981 S T2 PR 68 UC inbound for $59 bucks. OK by me. In the hole

the one in your other topic? That is a nice looking cent. I placed all my type 2's in my albums as well, whether they were graded or not.
Speaking of which did you see the percentage of type 1 to type 2's that I posted for you?
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datadragon's Avatar
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1648 Posts
 Posted 05/17/2023  8:13 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
Depends what your goals are. If you are first and foremost a collector rather than someone looking for investment, or someone like Dearborn on this forum who has bought high quality Dansco albums rather than cheap folders and has goals of filling them, or those like Jbuck that mentioned they collect and dont sell, then it makes great sense to go ahead and crack out coins to fill your album...

There are a few other reasons I can think of as well. The best quote I ever read on this on forums which jumped out at me since I loved collecting cents first as a kid...quote "I bought one (a 1909-s vdb Lincoln Cent) today (my second one), cracked it out of the slab and filled that hole in my little blue Whitman folder, something that I have been wanting to do for 57 years! A childhood dream come true..."

Now if you are more into the value/investment/selling aspect of coin buying and selling, then you need to consider that removing coins from slabs can potentially hurt their value when selling, and a small possibility to reduce its condition over time depending on the quality of the album, further exposure to the environment etc similar to what muddler mentioned. However if you get anxiety from holes then that would have to go alongside possibly using 2x2s, 3 ring binders and coin pages rather than albums.There really is no right/wrong answer.

Edited by datadragon
05/17/2023 8:20 pm
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hfjacinto's Avatar
United States
7273 Posts
 Posted 05/17/2023  8:16 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
It really depends on the coin/grade. I wouldn't break out a high grade coin to put in an album, but I would crack out an AU/mid grade coin. A modern coin unless ~70 would be cracked out no concern. Most modern coins have no premium for ~69 and below.

Key dates are weird, as for example I have both raw and and slabbed key dates, if it's genuine, I have no issue cracking out but once you get to 4 figures I'm a little apprehensive.
Edited by hfjacinto
05/17/2023 8:16 pm
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