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What To Do With Slabbed Morgans

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chris12018's Avatar
United States
2130 Posts
 Posted 05/19/2010  10:48 pm Show Profile   Bookmark this topic Add chris12018 to your friends list Get a Link to this Message Number of Subscribers
I'm about 30 coins short of a complete Morgan Set. A friend gave me a Dansco for them. But, my dilemma is most are raw and others are slabbed. I'm trying to decide whether or not to crack the slabs to put them in the Dansco. I'm looking for opinions. Thank You in advance.
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jeremymh's Avatar
United States
543 Posts
 Posted 05/19/2010  10:52 pm  Show Profile   Bookmark this reply Add jeremymh to your friends list Get a Link to this Reply
Personally I wouldnt crack them, especiall if you plan on selling them later.
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jakeW's Avatar
United States
689 Posts
 Posted 05/19/2010  11:48 pm  Show Profile   Bookmark this reply Add jakeW to your friends list Get a Link to this Reply
i would fill the dansco, no specific reason just like danscos. but jeremy has a point about resale.
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echizento's Avatar
United States
23731 Posts
 Posted 05/20/2010  12:43 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I would fill the Dansco with the raw coins and buy the rest to fill the album and keep the slabbed coins in the slabs.
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nolawyer's Avatar
United States
763 Posts
 Posted 05/20/2010  01:02 am  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
I would be hesitant to remove them from the slabs, especially if they are in high grades and there is a big drop off in value for the next lowest grade.
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Saruma's Avatar
United States
968 Posts
 Posted 05/20/2010  02:37 am  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
Do you plan on keeping this set forever? If so there is no reason not to break them out of the slab. If you think you'll get tired of the set eventually and want to sell them I'd keep them slabbed, at least for the valuable ones.
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chris12018's Avatar
United States
2130 Posts
 Posted 05/20/2010  05:59 am  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
I plan on holding onto the set,at least for a while. Maybe pass it on to my grand daughter. I have some that are vf 20-30 & some ms. I didn't think this decision was going to be so complicated. I've read in earlier posts of members cracking slabs for just that reason. I was thinking along the lines of documenting the ones that I crack, & saving the grade slip in the slab.
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Metalman's Avatar
United States
7123 Posts
 Posted 05/20/2010  07:44 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Slabs last an average of 5 minutes if I need the coin for my collection, I do not collect plastic I collect coins.

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Ugly's Avatar
Canada
1733 Posts
 Posted 05/20/2010  08:45 am  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
I tend to be of the crack them out school. Slabs are annoying and distract from a collection in my opinion. If I really want to sell I can get something graded again by the potential buyers choice of TPG.
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jbuck's Avatar
United States
188648 Posts
 Posted 05/20/2010  11:37 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Do you plan on keeping this set forever? If so there is no reason not to break them out of the slab.

Quote:
Slabs last an average of 5 minutes if I need the coin for my collection, I do not collect plastic I collect coins.
These two comments jumped out at me immediately and I completely agree with them.

Quote:
I was thinking along the lines of documenting the ones that I crack, & saving the grade slip in the slab.
I believe that is a good idea.
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Saruma's Avatar
United States
968 Posts
 Posted 05/20/2010  12:15 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
Chris,

Another thing to keep in mind is there is nothing saying you have to crack them immediately. If you are unsure just keep them slabbed and see how you feel once you've had them in your collection for a few months.
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jprine's Avatar
United States
1599 Posts
 Posted 05/20/2010  8:38 pm  Show Profile   Bookmark this reply Add jprine to your friends list Get a Link to this Reply
I crack all of my coins out of their slabs and put them in Danscos. However, so far I do not have any really expensive coins. I am in the market for a good 1916D Merc; when I get that, I will have to make a decision on whether I will crack it or not. I probably will since I do not ever plan to sale any of my coins.
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needgames4lyfe's Avatar
United States
323 Posts
 Posted 05/20/2010  8:56 pm  Show Profile   Bookmark this reply Add needgames4lyfe to your friends list Get a Link to this Reply
I would crack it out - you bought the coin, not the plastic. IMO, THey look better inside the danscos that in the slabs.
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Rayhaldo's Avatar
United States
74 Posts
 Posted 05/21/2010  2:59 pm  Show Profile   Bookmark this reply Add Rayhaldo to your friends list Get a Link to this Reply
Slabbed coins make a nice sound when hit with a hammer. Just kidding.

I only buy a slabbed coin if it is MS 61+ and expect that I am never going to take it out of the slab. Otherwise I feel I can get a better deal on raw coins. Buy em raw and put them in the Dansco.
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chris12018's Avatar
United States
2130 Posts
 Posted 05/24/2010  7:48 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Well, I cracked a Morgan MS64 out of a PCI slab. Now I'm undecided on whether to crack a 1882 CC VF30 & 1883 VF20 out of NGC slabs or should I leave the Carson City coin alone?
Edited by chris12018
05/24/2010 7:50 pm
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Moe145's Avatar
United States
8904 Posts
 Posted 05/27/2010  10:27 am  Show Profile   Bookmark this reply Add Moe145 to your friends list Get a Link to this Reply
I'm a cracker. That's me. I like coins in albums. A stack of plastic slabs does nothing for me.

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