| Author |
 Replies: 7 / Views: 3,340 |
|
|
Valued Member
United States
132 Posts |
Hi Everyone, I'm pretty new to collecting and learning a lot from reading all the posts on this site. I understand why collectors crack coins out of the graded slabs when they think they might be able to resubmit it for a higher grade. My question is for the collectors who have a graded and slabbed coin cracked out to put in a book raw? Wouldn't this be a risk of putting a mark on the coin or something? I'm sure they know what they are doing, I'm just curious about the benefit?
Thank you all
|
|
|
|
Pillar of the Community
United States
3294 Posts |
Some people just like to be able to touch their coin. Personally, I have only ever sent one coin in for slabbing (very recently) and I do not plan on cracking that, but slabs do not fit in coin albums.
|
|
Moderator
 United States
187914 Posts |
I like to build albums. If a coin that I need to fill a hole is only available to me in a slab, then I will crack it out and fill that hole. This is my personal preference.  Yes, there is additional risk to the coin, but that just means being extra careful. Since I never intend to sell the coin, the loss of value (associated with breaking it free from the slab) is irrelevant to me. |
|
Pillar of the Community
United States
2335 Posts |
One of my main criteria for buying is to get a good deal. Sometimes I'll find a deal on a coin in a slab that I need for my 7070 so I buy it telling myself that this time I'll crack it out.
So far I haven't been able to bring myself to crack any out, mainly because the coin market places a premium on the plastic. That leaves me looking for a raw coin to fill the hole I intended to fill with the slabbed coin. It's starting to look like I may end up with 2 type sets; one in the 7070 & the other in a stack of slabs.
|
|
Valued Member
 United States
132 Posts |
Ok, thanks. Makes sense. I know you don't plan on selling your collection, but If I were to sell a few down the line, it's easier to sell when slabbed, right?
|
|
Valued Member
United States
220 Posts |
I break the slab for the holes in my 7070. I am not comfortable to buy a raw coin priced more than $100 from the ebay. Thus, I buy a PCGS/NGC certified coin and then crack the slab to get the coin. For low end coins, I just buy raw coins from the online coin stores. |
|
Bedrock of the Community
United States
14454 Posts |
Quote:
If I were to sell a few down the line, it's easier to sell when slabbed, right? If you have coins in a reputable TPG (PCGS,NGC,ANACS are the most popular in that order) then yes they are easier to sell and usually will sell for a higher price especially on classics. Some moderns sell for higher prices raw in original packaging than they do slabbed unless they are in MS or PF70 grade and even then sometimes the OGP will bring just as much. It is really a coin by coin thing I guess. I have cracked out many coins for my 7070 album and I have left instructions for who ever is the caretaker of my collection once I am gone to send some of the coins back in for grading if they are going to break up the coins but some I have cracked out will really not be worth sending back in even though some can be considered higher grades and just selling out right raw would bring close to the same amount as it would graded if you add in the fees for grading and the time involved |
|
Bedrock of the Community
United States
20753 Posts |
WELCOME TO THE FORUM. As to slabs. YUK. Just need coins to fill Albums. Since I've been collecting for well over 60 years now, I have a large quantity of coins. Now here is something to try to imagine. If for instance I wanted to collect slabbed coins and all my Mercury dimes were in slabs. I estimate I have well over 3,000 of them. Similar with many other types of coins. Another item is I used to have 2,650 of those 1943 Steel Cents but just gave 500 to a kid. The point is if I had all my coins in slabs, and estimating possibly several hundred thousand coins, I would have to rent a large warehouse to store them. Next imagine if someone said do you have a xxxx coin and I said yes but it would take me about 25 years to find that one. I think it's in row 950 or row 2297 and on tier 443, maybe.  I've purchased coins in slabs and just break them out for Albums. Much better to be able to open an Album and look at all of the dates and not have to wonder which piece of plastic it's in somewhere. Anther thing is I've been able to aquire Albums for free. |
| |
Replies: 7 / Views: 3,340 |
|
Posted 03/04/2010 12:13 pm
