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Morgan Set - Slabbed Or Unslabbed?

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New Member

United States
1 Posts
 Posted 09/05/2011  12:50 pm Show Profile   Bookmark this topic Add wkoetke3 to your friends list Get a Link to this Message Number of Subscribers
Hi all:

First post here...I have a dilemna about the Morgan set I am assembling and need some opinions.

The set so far consists of 40 or so coins in an Intercept Shield album. AU through MS-63 range. Basically I have approximately all the specimens you can get uncirculated for under $200 or so.

Now I'm going "uh-oh"...not just because the additional coins will be pricier, but because once I start paying 300 or 400 per coin it seems like I should be getting only pcgs/ngc slabbed, to avoid getting ripped off.

But I don't want to have a collection that one day is half in an Intercept Shield book and half in a box of slabs. Doesn't it make sense to go all one way or the other?

Kind forum members, what would you do if your goal was to assemble a high quality Morgan collection over a 10 year period...

a) Put them in an album and risk counterfeits, misgrades, etc.
b) Only deal with slabbed/graded items (which themselves can also be put into an 'album' form - lots of products out there).

Thanks for tips, opinions, suggestions!
Pillar of the Community
Hambone's Avatar
United States
609 Posts
 Posted 09/05/2011  1:04 pm  Show Profile   Bookmark this reply Add Hambone to your friends list Get a Link to this Reply
I would just break them out of the slabs:) Collect the way you want. If you buy a certified morgan, and then break it out, you know its authentic. doesn't really matter what other people think.
Valued Member
Whytlash's Avatar
United States
407 Posts
 Posted 09/05/2011  1:19 pm  Show Profile   Bookmark this reply Add Whytlash to your friends list Get a Link to this Reply
to CCF!

I can only tell you what I've done, do, and will do. I started with Dansco albums and as I continued accumulating more Morgans I transferred the best into Intercept Shield albums. The IS set is up to about 54 different now, all MS-60 or better - the majority being 63's. The Dansco is Set 2 being MS-60 and better, with a few AU's, about 38 different.

Over time that spilled to a box set of 25 different AU to BU, then a roll set or two, and yada yada.

I also have a 10 different set of NGC MS-64.

I have no idea when of if I will venture into the much higher valued rarities of the set, beyond the 78, 82, 83 and 84 CC's I got for the IS set, so I don't really worry too much about it.

But I know that if I'm going to spend three or four hundred dollars on a single coin for the set, I need to know my stuff. There is a ton of information out there to help you find the "right" coin. Buying all slabbed is one direction, although a pricey direction, but what others do, and have done, is to buy those pricey ones slabbed from a reputable seller, crack the coin from the slab, place it in the album, and attach the slab label to the inside of the cover.

If you do not believe you can avoid misgrades and counterfiets, then you should go slabbed. But, then again, even the slabs are being counterfeited now.....

But overall, if you are unable to, or cannot acquire the skills to, properly grade a coin you are going to spend multiple hundreds of dollars on, and are unable to discern a fake from a genuine, then you need to leave that part of your hobby to a TPG and only buy graded and slabbed coins for your investment set.

Hope this helps,

Steve
New Member
coinsalot's Avatar
United States
24 Posts
 Posted 09/05/2011  1:19 pm  Show Profile   Bookmark this reply Add coinsalot to your friends list Get a Link to this Reply
I agree with breaking them out of the slabs. I will generally purchase slabbed coins and then break them out (strong wire cutters work well enough for this). If I wanted to resell a coin in the near future, I'd leave it slabbed but as my goal is long term collecting, I want everything to be consistent.

I did feel a bit guilty breaking out some of my coins due to their cost but Air Tites are a good alternative. Unless something is clearly overgraded and slabbed and you're looking to find someone that buys the slab, not the coin, you can always get it reslabbed.

Just my $0.02 :)
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southsav's Avatar
2224 Posts
 Posted 09/05/2011  1:54 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply
to the Community!

I buy the coin, not the slab, if its in one. But I cannot bring myself to breaking it out of the slab. Therefore I have slabbed/graded and raw. The raw are in Eagle brand holders and all are in Eagle sheets in binders.

with Steve (Whytlash), educate yourself as best you can to avoid buying the counterfeits and know what you are buying. Thats the best defense you will have.

Jim
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