Cracking slabbed coins and putting them in a album.
Fairlaneman
Posts: 10,423 ✭✭✭✭✭
Why do people do this ? Basically I can see only one positive and a whole bunch of negatives when this is done.
Certainly there is no reason why raw coinage should not be collected. If you like raw coinage buy raw coinage and save your extra money you pay for slabs to buy more coins. Cracking a coin may cost you dearly one of these days. Lets save the slabbed coins for the future generations enjoyment without the chance of the coin getting goofed up by a crackout.
Learn to grade and buy Raw or learn to grade and buy Slabs. Enjoy the Hobby but please do not take the risk of wrecking a pristine coin by cracking the plastic just because you want a collection in a album.
Buy Raw.
Ken
Certainly there is no reason why raw coinage should not be collected. If you like raw coinage buy raw coinage and save your extra money you pay for slabs to buy more coins. Cracking a coin may cost you dearly one of these days. Lets save the slabbed coins for the future generations enjoyment without the chance of the coin getting goofed up by a crackout.
Learn to grade and buy Raw or learn to grade and buy Slabs. Enjoy the Hobby but please do not take the risk of wrecking a pristine coin by cracking the plastic just because you want a collection in a album.
Buy Raw.
Ken
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Comments
It's starting to get warm in here...
Great transactions with oih82w8, JasonGaming, Moose1913.
I completely agree. If the crackers suddenly find themselves in a situation where they need immediate cash, they'll be in for a rude awakening when they try to sell the raw coins that would have brought a lot more money before the hammer came out. I'm sure somebody will try to argue otherwise, but that's the stark reality of the marketplace.
Russ, NCNE
If its Slabbed leave it slabbed. If its raw do not lose you coins like some people do. I believe if a slabbed coin was lost for 15+ years it would just be fine. My raw coins were not.
Excellent point Russ and just one of the Negative factors from the initial post. That bewilders me to no end.
Ken
There are some nice coins in slabs that people might want in an album--just don't screw up when cracking...
<< <i>There are some nice coins in slabs that people might want in an album--just don't screw up when cracking... >>
Would a person admit they goofed a coin up ? I think not.
Poof there went another nice coin...
Ken
I also have no problem cracking a coin without damage. I also plan on keeping my coin collection for my future generations in my family, so why do you care aobut how I handle my coins?
And for those of you who like toning/rainbows? Do you think those happened under plastic?
Should you crack it then?
<< <i>Why do people do this ? >>
Some people, myself included, like to collect in albums. To me it gives more of a sense of accomplishment and/or completion when I can see the entire series in front of me. Having a box of plastic reminds me of dominoes or playing cards. However, I don't crack out a lot of coins. I use placeholders in the albums for slabbed coins. I've cracked out any PCI and SEGS coins I own. Why? Because when I bought them, PCI grades (and maybe SEGS) had respect. Now they are meaningless.
<< <i>Cracking a coin may cost you dearly one of these days. Lets save the slabbed coins for the future generations enjoyment without the chance of the coin getting goofed up by a crackout. >>
What do you mean by "Cracking a coin may cost you dearly?"
Do you mean potential damage by cracking, or do you mean you'll what if it's bodybagged or graded lower if it's ever reslabbed?
If the former, I suppose it's possible, but it's never happened to me. If the latter, I don't think so. I buy coins for the coin, not the holder.
<< <i>Learn to grade and buy Raw or learn to grade and buy Slabs. Enjoy the Hobby but please do not take the risk of wrecking a pristine coin by cracking the plastic just because you want a collection in a album. >>
Again, I'm buying a coin, not a hunk of plastic. Using your logic, I should tell you if you buy a raw coin, don't ruin it and get it slabbed. You risk getting it fingerprinted or damaged in transit.
I agree. Fellow forumites taught me well about the coin vs plastic. I learned the hard way like mumzy told me I would. As far as a greater sense of accomplishment; I too, agree with you there, Barry.
Also, keeps it green between my YNs (my 3 sons) and me.
As far as cracking for Money. The intent of the thread was not focused on that aspect of the Hobby. Saving coins from damage for future generations was the intent.
As usual we are wandering a little. The initial post said raw collecting was just fine and a choice a person must make on his own. Of course its much slower now days and collectors do not have the patience or so it seems.
Keep the replys coming. This is Good reading. Some may learn a thing or two also.
Ken
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Suppose you will be selling something 10 years from now. Do you think the grade on today's slab will equal the grade in 10 years. Look at grading standards 10 years ago. Any change now? Look at whose slab commanded a premium 10 years ago. Any change now?
So, if you really want to maximize resale value, you'll slab it just before sale with the company that has most market respect at that time. In that case, whether or not it's slabbed now doesn't matter.
Here is an idea for some enterprising bloke. Sell an album that includes a bag of plastic chips; one for each hole and when you acquire a coin put the proper plastic coin in the hole instead. I have enough invested in my set to acquire a small house in many towns and I will be damned if I will screw that up by crackin out the coins. I may be dumb but I aint stupid. One a my favorite quotes BTW.
send all to me, ill addopt em, or buy em
Go BIG or GO HOME. ©Bill
<< <i> for one would LOVE to crack mine out and stick them in a Dansco because I really love raw coins. BUT I haven't done this and never will because I know how my collection would instantly depreciate. >>
You forgot to ad the other D word; deteriorate. Just kiddin of course!!
<< <i>Well every coin you guys crack and screw up thru slide damage, corrosion, etc reduces the pops by one and makes mine worth more. >>
This is exactly why I said if you collect Raw buy Raw. More than likely most raw coins nowdays will show one of these problems. For sure many pristine Merc Dimes are in 64 holders just because of slide marks. It only takes a couple to knock the coin from 65+ to 64.
Ken
Edited to correct myself....Liberty with hairlines??
I crack a bunch of coins and put them in my Dansco, I mainly do it because I can't find them raw; plus it gives me at least some insurance they arent cleaned or fake. No harm, no foul. I buy slabbed coins more for their certification purposes, not their grade. Once I know its real and hasnt been done up with a brillo pad, out it comes. (there are of course exceptions)
earlier this week i had started a thread about "transcending the salb" which was intended to be about learning how to grade to a point where looking at a slabbed coin was much the same as looking at a raw coin. whether it was successful in that end to any degree, i don't know. there was, however, one peculiar response in which the poster stated that he liked to have his coins in albums so that he didn't have to travel to the bank to see them!!!!!!!! ludicrous and unbelieveable were the two words that i bit my tongue on. the point seemed to be lost that a collection of slabs and the same collection cracked out and placed in an album was the same monetary investment. why it would be safe to leave the album on the shelf yet necessary to lock up the slabs still eludes me.
i had pondered another question, that being how everyone had been doing vs. the spread in the last year or two. judging by some responses here it's good that i never started that thread since collectors don't really care about the money they spend on coins and whether value changes. if it ever becomes necessary to sell anything, either for need or just to upgrade, they don't care if they lose money. at least that's what they say. me thinks otherwise.
al h.
That seems to be my fortay. Sad, but true!
This man's got THE most beautiful toned Morgan collection that will ever be accumulated by one person. None of them reside in slabs -- well okay if you consider Capitol Plastic and GSA holders slabs, well I guess he does. But otherwise I understand that all of his coins have been cracked out of something and I really don't think he's going to have a problem with liquidity or saleability when he wants, if he wants to sell.
I say crackaway. Albums / Capitol Plastic holders are great!!!
I'm not saying I would crack highgrade coins, but I am in the processing of finishing a AU55-MS63 raw Peace $ set in a Wayte Raymond album where most of the coins have been cracked out. Why not? Is a AU58 worth more slabbed, maybe not, someone like MAdMarty might think it's a MS62.
Michael
If I was cracking Capital Plastic would be used. In fact that is what I used in the 80's. Heck they said the coins were emtombed then.
Ken
<< <i>OK, if I were to crack this half dollar out of it's holder, would I lose money trying to sell it raw? >>
That depends what the grade on the holder says.
<< <i>
<< <i>OK, if I were to crack this half dollar out of it's holder, would I lose money trying to sell it raw? >>
That depends what the grade on the holder says. >>
LOL, I guess my point is if your coins will stand up on their own merits.... well they should anyway.
<< <i>Probably I goofed when first putting this up for discussion. The concern was for higher graded coins in 64,65,66 or whatever >>
Oh well!!!!
Yeah, that's an old piece of junk. Want me to take care of it for you? Nice coin. I'd love to have a flowing hair set some day... maybe a half disme?
<< <i>Sorry I included a low grade dirty coin >>
Ya I think it needs a good clean'n. Make it shine a little, real purdy like
I think only people who are very careful should be cracking coins out of holders for ANY reason.
But I believe that a collection should be displayed out of the ENTOMBED slab. That's just my opinion.
So...there ya go.
jom
I would dare anyone who would EVER want to take this coin out of its slab!!!!!!!!!!!!!!!!!!!
(OK other than David Hall
If the crackers suddenly find themselves in a situation where they need immediate cash, they'll be in for a rude awakening when they try to sell the raw coins that would have brought a lot more money before the hammer came out.
I don't think thats always true considering what I've seen on ebay. I've seen some pretty lousy Washingtons touted as BU or Gems on ebay fetch a big price. If I were to sell the coins in my AU58 registry set raw, many of them could be called BU and probably go for more than if they were in the holder.
Looking for PCGS AU58 Washington's, 32-63.
While I would tend to agree with you, I do know a few raw collectors who are concerned about authenticity when plunking down five or ten thousand for key date material. These guys tend to want these keys in plastic (one of the big boys). I guess they don't trust themselves, and are paranoid about an "s" mint mark falling off of a 1901 quarter! I can relate.
On the other hand, I have talked to several collectors (and dealers) who have damaged high-end material while cracking a slab. Great care needs to be taken. Once the coin is damaged, it's history...
Dave