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 Replies: 31 / Views: 3,782 |
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Valued Member
United States
321 Posts |
I have heard of situations where someone would break open their slabbed specimen, then keep the sticker that had the grade and serial number on it.
If it is no longer in the slab, does keeping the sticker even matter anymore? I would think that opening a slab null and voids any certified status.
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Pillar of the Community
United States
1599 Posts |
I free most of all of my certified coins. I will keep the sticker in the book where the coin is. I think that once it is out of the slab, there is no way to guarantee what coin goes with which sticker, so I think it is null and void. Lets see what the experts say.
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Moderator
 United States
23522 Posts |
Prior to the advent of PCGS' new micro-identification service, the practice of keeping the label is more of a personal thing than any proof of providence. If I owned coins of a value to make this worth it (I don't  ), I would always keep the label. Depending on the quality of one's holdings, a certain level of trust can be reached where you just know the guy was being honest about the coin's origin. |
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Pillar of the Community
United States
2605 Posts |
If I ever had a slabbed coin that I wanted to keep I'd crack it open and keep the label somewhere for my own info.
On the other hand if I was buying a coin which someone cracked and was showing me a label I'd be very skeptical about it. Apart from the fact one cannot guarantee that this is THE coin, the grade, which I believe is the main purpose of slabbing, might not be preserved. After all the seller could have cracked it open to "improve", i.e. clean it.
What I'm trying to say when buying such a coin I'd trust more my own assessment rather than the label.
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Bedrock of the Community
United States
20753 Posts |
Quote:
I free most of all of my certified coins. I will keep the sticker in the book where the coin is. I think that once it is out of the slab, there is no way to guarantee what coin goes with which sticker, so I think it is null and void. Lets see what the experts say.
Exactly what I do too. I know it means nothing but occationally I like to look to see what they said this or that was graded as. I glue those to a postit type of sticky since I sometimes move a coin from Album to Album so the little tag goes with that coin. In front of each of my Albums is a blank sheet of paper with a brief notation of any rare, oddball, error coins. Also, any of those slab tags. Each notation too is on those postit papers for removing if necessary. Mostly a waste of time since no one sees this anyway except me. |
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Valued Member
United States
273 Posts |
Agreed with above. It's pretty much just kept around for your own information. Won't (read: shouldn't) do any good when it comes time to sell, and I would completely disregard it if I were on the purchasing side.
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Valued Member
South Africa
169 Posts |
From the above, it seems that it is a general practice to break open slabbed coins.  I do not understand why one would do that, what are the motivation to have a coin slabbed at a hefty price and then to remove that "Certification" which can possibly bring the value of the coin down as it is then a buyer perception of the grade of the coin. Please enligten me on the motivation for this. I have thought of some like more ease of storage, presentation, fit in albums,don't agree with the grade, what other drivers are there? Thanks Guru's  |
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Pillar of the Community
United States
672 Posts |
I have cracked open a few of my coins purely because I bought them for me... not the grade, and they are not commonly counterfitted coins. I just wanted to see them in my album because, after all if I can not enjoy my coins who else will? That being said the coins I did it with are not high value coins. If I had per say a MS cert Trade dollar, I would not break that out. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
From the above, it seems that it is a general practice to break open slabbed coins. I do not understand why one would do that, what are the motivation to have a coin slabbed at a hefty price and then to remove that "Certification" which can possibly bring the value of the coin down as it is then a buyer perception of the grade of the coin.
Please enligten me on the motivation for this.
1. I don't collect plastic, only coins 2. No intention of selling any coins so really don't need a piece of platic to prove anything 3. I don't collect plastic, only coins 4. With virtually thousands and thousands of coins if they were all in plastic cases I would have to buy a few thousand square foot warehouse for them all. 5. I really like to open an Album and sort of look at ALL the coins at onetime. With thousands of slabs I'd go nuts trying to see them all. 6. There are those that are SLAB HAPPY and just have to have anything round and metal incased in plastic. I've seen coins that are possibly worth a few dollars or less in a slab. 7. And not to be repeditive but I really do collect coins, not plastic.  |
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Valued Member
South Africa
169 Posts |
Just Carl, I believe that are are hitting it right on the head for most collectors I think,I am also starting to migrate towards being a true collector, I started out with Gold Bullion, then moved to Old coins with high value and very low mintages(Maybe $500.00 a pop), So I was more an investor than a collector, now I am starting to move towards general collecting for the pleasure, and I do believe that within a few years me too will have thousands of coins, and I do not see me leaving them in slabs. Thanks for switching the "Light" on.  |
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Pillar of the Community
United States
2605 Posts |
Some people slab coins, others open them free. I don't think there are many people who do both.
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Pillar of the Community
United States
1213 Posts |
Interesting discussion. I have some coins that I have purchased in slabs and kept them there because I didn't want to risk their grade being lowered when it's time to sell them.
In general, I keep the ones I paid a lot for in slabs and the less expensive ones, or ones I found, are not slabbed, but just in albums or 2x2 flips.
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Valued Member
United States
273 Posts |
just_carl mentioned coins worth a couple of dollars (or less) being slabbed. A lot of that has to do with people competing in the PCGS Set Registry. And submitting modern coins for the most part is a waste of money, because if they don't grade Top Pop, then you're almost certain to take a loss when you sell them.
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Moderator
United States
187862 Posts |
Since I kept the OGP materials from all of my proof sets (after moving the coins to Dansco albums), I would more than likely keep the label from a slab. I have not bought a slabbed coin yet, but the time is coming. Most of the empty holes in my albums are key dates that almost necessitate buying certified. I have no desire to collect slabs or to sell my coins. I want completed albums, so this is how I do it. |
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Valued Member
 United States
321 Posts |
I have bought slabbed coins. I don't take the plastic into consideration at all though. If the price is right for the coin then I'll buy. Then I free them. For us collectors, justcarl has the reasons down perfectly. but for investors TODAY, plastic is king.
I do not own any pricey key dates but when I eventually do, I might consider leaving it in the slab. Buying coins really are investments under the skin no matter how you look at it. If one day I find that selling a few valuable pieces is what I need to do, then I'll have to play the plastic game.
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Bedrock of the Community
United States
20753 Posts |
Quote:
I do not own any pricey key dates but when I eventually do, I might consider leaving it in the slab. Buying coins really are investments under the skin no matter how you look at it. If one day I find that selling a few valuable pieces is what I need to do, then I'll have to play the plastic game.
Not true with many of us so called coin collectors at all. As I said I have no thoughts of EVER selling a coin. I do not think of coins as an investment, only a hobby. I'm just one of many that are into coins as a hobby, FUN, you know. I enjoy looking for that last few to fill an Album, not what I can sell them for. I really, seriously could care less if a coin is worth a penny or a million dollars. If I am not selling it, it is just a coin and it's for fun. I have several old cars that people keep asking me what they are worth. I tell them NOTHING. If I'm not selling them either, why should I worry about what they are worth? Those too are for FUN. |
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Replies: 31 / Views: 3,782 |
Posted 10/23/2010 5:58 pm
