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Replies: 18 / Views: 1,777 |
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Pillar of the Community
United States
577 Posts |
Soon I plan to send a complete MS64+ set of Franklins to NGC to grade. Since I am just a student, I can't afford the walkthru teir, and I am just going to send them all with the minimum grading fee. I have heard rumors that if you use the lowest grading teir, NGC won't grade as highly as they would if you used the higest teir. Is this true? If so, who else should I send them to?
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Bedrock of the Community
United States
12437 Posts |
I have very serious doubts about that- NGC as a grading firm wouldnt have the quality reputation that they do if they pulled shenanigans such as that 
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Bedrock of the Community
United States
14454 Posts |
I have sent coins in all different kind of ways to NGC and the teir used has never made any difference what so ever as to what the coins were graded. The only thing I have ever heard remotely like what you are saying is if a dealer that sends in hundreds of coins at a time can get higher grades just because they are in a hurry to get those coins graded at one time and it is easier for them to quickly look over the coins and miss something, but as far as an individual sending in coins the teir makes no difference what so ever as per my experience and I have shipped quite a few off to them
Edited by Bryan1315 11/10/2006 12:04 pm
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Pillar of the Community
United States
3234 Posts |
Can I ask a silly question? Why? Why put them in slabs in the first place?
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Bedrock of the Community
United States
14454 Posts |
maybe he's starting a registry set?, maybe he wants to preserve condition of the coins, alot of reasons to slab a coin even if its for personal reasons like my grandfather gave it to me or "My first dollar I ever made"
Edited by Bryan1315 11/10/2006 3:32 pm
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Pillar of the Community
United States
3234 Posts |
It's just a heck of an expensive way to display them after you figure in the fees, shipping, and insurance...both ways!
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Pillar of the Community
 United States
577 Posts |
Bryan is right, I want to start a registry set - I love the idea, and I think that the holders are a nice and permanent way to display my coins. Additionally, I will always know the precise value of my set, and if I ever plan to sell, it will be very easy.
Edited by madhandles761991 11/10/2006 9:13 pm
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Pillar of the Community
United States
3234 Posts |
Sorry, I can't get into the Registry set craze. Unless you're shooting for a Pop 1 type set and have gobs of money to throw away, I simply don't understand it. I also don't understand slabbing material just to put it behind hard plastic. There's a lot cheaper ways to create a beautiful collection. If you really want slabs, why not buy the Coin World slabs through the ANA catalog? They're great! Also, Dansco makes a beautiful album for Franklin half dollars (you just have to be careful about pushing the slides over your coins).
Edited by Prethen 11/11/2006 11:56 am
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Valued Member
United States
287 Posts |
Slabbed coins are a great way to store them. I personally like the raw coins, they seem to have more character and are more fun to trade. As buyers and sellers we can haggle over grade and price and this makes the collecting fun. Each person feels differently about their collection and you have made a wise decision to start a registry set.
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Pillar Of The Community
3147 Posts |
I find the Registry Set idea interesting at times but hesitate to do so due to the huge cost involved, especially in a large set. I must disagree with your notion that you will always know the precise value of your coins as slabbed coins are grossly overvalued and they will never be worth more than what any individual or dealer will give you on any given day. If you want to feel comfortable about the value of your coins, learn to grade them and KEEP them raw in airtites. Then you will have a closer idea of their precise value and the airtites will probably do a much better job than many slabs I have seen thru the years. Quite honestly, whether we like it or not, most collectors could care less about registry sets as they are, for the most part, all about self pride and bragging rights. The coins are only a means to an end and you also must keep in mind for every BU coin slabbed there are still thousands in private collections that are just as good, if not better, but they are not part of the grading company hype. I have always found it amazing the grading companies could say a coin is one of three or one of five finest known when in all reality they are saying one of five that has been slabbed. They have NO idea how many coins are really out there or how many are as good as or better than the one they are promoting. And, last but not least, its your collection and your money, so do whatever makes you feel good about your hobby. That is priority number one!
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Pillar of the Community
 United States
577 Posts |
I appreciate all of the comments here, I think that you have made good points about the cons of grading. I have indeed learned to grade these Franklins pretty well, and it makes sense that the slabs are not completely worth the cost. What other type of storage would you reccomend that looks appealing, and is great to display?
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Pillar of the Community
United States
3234 Posts |
I had a complete Gem BU set of Franklins in a beautiful Dansco album for years. I was able to sell the entire album on one of these boards for a decent price. I don't believe the price would have been much or any better if the coins were in a bunch of slabs that would have to be kept in a storage box and make for poor viewing.
Airtites make an album for their product. I use Airtites for my ancient coins and I absolutely love them. If you get them, get the white or black ring insert (black might look pretty good against brilliant silver).
There are certain reasons I like to get coins slabbed by the services, but large coins like your Franklins that are likely not particulary high value or superb gem (MS66+), don't really necessitate slabbing.
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Pillar of the Community
United States
1454 Posts |
Coin World slabs or Airtites would be a good way to preserve and store them. I like the idea of the slabs if they don't allow the coin to slide around. The NGC box I have for my NGC ASE's is really a great way to keep coins. I myself couldn't afford to do to many at once but if you can and you have a complete set of MS Franklins it would probably be a far better investment than putting them into graded slabs, at least for right now. You are a young guy and you have time in the future to convert to graded slabs if and when the Frankies go up to necessitate it. I do believe they will also, they seem to be doing that each month here lately so patience is the key. I still have a few to go, 11 I think and the prices are just going crazy on ebay. Even having a hard time finishing this set so that should tell you something.
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Pillar Of The Community
3147 Posts |
I will add the fact that I received a tip a few months ago concerning the Franklin half dollar. It was to buy high grade or proof Franklins as quickly as possible and I have learned most national dealers are doing just that right now. A huge increase is coming to the Franklins and anyone who has collected in the past 15 to 20 years has seen the high grade Franklins slowly disappearing from their dealers stock. My dealer will manage a few now and then but I can remember the day when there were so many lying available that it wasn't a pressing issue to fill a set. Now it is and prices have already started to rise on the harder to find dates. Probably would be a good idea to keep a real close eye on this series and NOT to pass up any good deals at this time.
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Pillar of the Community
 United States
577 Posts |
Thanks for the great tips! I love the look of a nice Franklin, and since there are no 'key' dates, it is a very collectable coin. I will be looking into the airtites, and I don't plan on selling! I also have noticed that the prices are rising like crazy, so I am hurrying to finish my set!
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Pillar of the Community
 United States
577 Posts |
I forgot to ask if you had a link to the airtite holders, or is there an air-tite folder of some sort for the Franklins? Which diameter of airtite would I be looking for in order for the coin to not slide around? If I decide to pick up a Franklin Dansco album, would it tone the coins down the road? I like the look of an album, and it is a cost-effective alternative  , so I will post in the wanted section of the forum to see if anyone has one to sell me. Thanks for all of your help!
Edited by madhandles761991 11/11/2006 3:43 pm
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Replies: 18 / Views: 1,777 |