Holes in the book . . .
Russell
now I have put all of my coins into albums. When I have freed slabbed coins,
I save the label. I am not sure if I should spring them or not, can I get
your opinions?
Bruce Remick
"Russell" <no...@nobody.com> wrote in message
news:49ab2a12$0$30639$ce5e...@news-radius.ptd.net...
That's one of the main dilemas today that face collectors who choose to
house their sets in albums. Afraid to buy an expensive key unless certified
and slabbed, but then there's still that empty hole. Saving the label from
a broken out coin does nothing. Once the coin is separated from its slab,
only you know that the label you saved refers to that exact coin. But if
you have no plans to sell your key coins, go ahead and break them out of
their slab. And you might as well save the label. It could become valuable
for an insurance claim if your collection is ever stolen.
Richard L. Hall
"Russell" <no...@nobody.com> wrote in message
news:49ab2a12$0$30639$ce5e...@news-radius.ptd.net...
Mr. Jaggers
Assuming they are circulated, I'd say crack them out and snap them into the
holes. There are few things in life that give greater pleasure.
James
Bruce Remick
"Richard L. Hall" <richl...@comcast.net> wrote in message
news:gofbqu$p23$1...@reader.motzarella.org...
> Take a picture of the coins and put the pictures in the slots.
I tried that with a 1914-D Lincoln. Might as well have left the hole empty
with a note "See safe". Once the plastic slide covered the tiny photo no
details were visible. Might work with a dollar or half dollar.
look@worldnet.att.net don't look
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gofbs...@enews2.newsguy.com...
I was going to say the same about circulated coins. I'd leave
uncirculated(if any) in the slab.Too much chance of damage.
Bruce Remick
"don't look" <don't lo...@worldnet.att.net> wrote in message
news:jDHql.556$gm6...@nwrddc02.gnilink.net...
If I bought a slabbed circulated 1932-D quarter and 1908-S Indian Cent, I
personally would leave the 1932-D in its slab and crack the 1908-S. It
would be easier to resell a certified 1932-D than a raw one. There's
usually no such problem with the Indian.
Mr. Jaggers
It's easier to sell anything in a slab, versus raw, these days. But, are
you collecting sets of coins, or sets of slabs? The only slabs I keep
intact are around coins for which there is no album or other convenient
housing (I collect only circ, and usually quite well circ).
James
Bruce Remick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
I collect all kinds of things. Working on a collection of MS66 or better
silver dimes, you could say I'm collecting a set of PCGS slabs. Where I
have an album of circ Lincolns, there's a hole for the 1909-SVDB and 1914-D.
Those two are in certified slabs. My early BU Lincolns are in 2x2's. The
coins in my BU US type set are in slabs. The coins in my large cent and
half cent collection are 100% raw (Amos slabs). I don't keep any BU
pre-1940 coins in albums, especially copper. Albums are for circulated
examples only, from my experience, especially if you're looking at potential
three and four figure BU coins.
RWF
"Bruce Remick" <rem...@cox.net> wrote in message
news:V0Gql.48656$2O4....@newsfe03.iad...
Remick, it's idiocy to suggest that key date coins be broken out of
slabs.
The resale value drops like a rock.
Bruce Remick
"RWF" <R...@200903.invalid> wrote in message
news:gofnha$sfo$1...@news.motzarella.org...
What resale? You assume everyone buys coins for resale? Idiocy? Drops
like a rock? You don't bother to read before reacting. Look again. I
said "If you have no plans to sell your key coins.....". And I mentioned
the potential downside in breaking a key coin from it's slab. If the poster
prefers to include them with the rest of the coins in his album, they're his
coins and he can do as he pleases. HE is confident the keys are authentic.
look@worldnet.att.net don't look
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Well,I recently watched an auction for a$150.00 1946? MS 64 Washingtion
Quarter sell for over $1100.00 solely because of the slab it was in.I will
collect those slabs(if I can).
RWF
Calm down. It IS idiocy to crack key date coins out. Eventually all
coins will have to be sold.
I'm not disputing anyone's right to do what they wish to their coins,
try reading before reacting.
Mr. Jaggers
I, James the Idiot, being of both unsound body and unsound mind, have
cracked out dozens of coins, key dates included - and liked it. The only
coins I have ever had a problem selling have been the ones that wouldn't
slab in the first place.
James
'numismatic IQ just barely into the 20s'
Bruce Remick
"RWF" <R...@200903.invalid> wrote in message
It's no more idiocy that a collector choosing to make a daily driver out of
his MS65 1957 Chevy rather than keep it pristine under cover in a garage.
As for coins, they have been known to stay in one family for generations.
If they ever do have to be sold, any expensive keys could be resubmitted to
a TPG and certified once more-- if TPG's are still around. Meanwhile, the
owners could have enjoyed handling them and storing or displaying them
however they preferred.
> I'm not disputing anyone's right to do what they wish to their coins, try
> reading before reacting.
I did. That's what prompted my comments. You made the blanket implication
that anyone who would crack out a key coin is an idiot. Period. No
exceptions. Value was your only consideration. I know what you're saying
and I don't really disagree, but isn't "idiocy" a bit strong?
note.boy
You could photograph both sides of the coin while inside the slab, including
the label, but this may not prove anything later once the coin has been set
free. Billy
note.boy
I suggest that removing the coin from a slab will make no difference as
today's 55 will probably be a 65 if reslabbd a few years down the line,
especially for key date coins where grade inflation is more common. Billy
Bruce Remick
"note.boy" <note...@naespamntlworld.com> wrote in message
news:lsTql.27785$OT2....@newsfe29.ams2...
So essentially you're suggesting to break out the key date 55's and enjoy
them firsthand for a while and them have them reslabbed later when they'll
likely have migrated to a higher grade. I hadn't thought of that. :>)
Jud
sell your slab inserts back to NGC and PCGS for about 50ยข each. No,
you won't make a fortune, but it does affect the population reports.
les.p...@gmail.com
I have moderately-filled albums from cents to dollars, and when I get
a slabbed coin
or one in a mint/proof set, I tag the slab/set with a unique code, and
then tag the
hole with that code. I will even go so far as to remove coins in the
albums in favor of
the set entry, thus increasing my 'working capital' for coins while
increasing the
overall quality of my collection.
Personally, I would not open a slabbed coin; IMO it would break the
integrity of the
grade to expose it to damage from the elements and would be more
challenging to
administer.
--
Les
http://life-of-coins.blogspot.com/
note.boy
As Baldrick from Blackadder would say, I have a cunning plan.
Has any coin from an older slab ever graded lower once cracked out and
resubmitted? Billy
Bruce Remick
You got me there. I've never tried it. From the reports of others, you
just might be right-- assuming the same company was involved both ways.
Mr. Jaggers
You may remember a lengthy saga related by Ira, who had what I considered to
be an absolutely gorgeous 1797 half dollar, graded F-15 by PCGS. He
submitted it and re-submitted it, with F-15 coming back both times. As I
recall, he even asked for a presidential review, which also yielded F-15.
After he sold the coin, it was submitted to NGC, where it got VF-30.
In any event, stories of downgrades lack the macho bragging component, and
thus are much less likely to be related in these pages than upgrades.
James