Crackout populations

Zoins

With all the crackouts would it be useful to have a database/population report of cracked out coins? This list could then be matched against the official pop reports to get a better feel for true populations. Would people be interested in using and/or contributing to something like this?

speety

I've been wondering a similar question lately, how many people here actually send back in the labels for the $.50 (?) reward. It would be interesting to see the actual numbers compared to what the 'pop reports' say.

ricko

It will never be known.. and at this time, impossible to compile.... Cheers, RickO

Zoins

Lots of people post cracked out inserts which would probably be a decent first guesstimate for some series if it were compiled. Creating a pop report could encourage others to submit as well.

BigDowgie

Not sure about tracking a "Crack-out" database. I personally have not returned my certs, though I probably will someday? What needs to happen is the grading services need to give us a proper incentive to do so, not just because it's the right thing to do. It would be nice to see one of the top grading services offer, say a free 14-day submission for every 5 or 10 certs returned? We all know the Pop Reports are wrong and it's going to be hell to try to get them even close to being correct.

Mike

STONE

I've pondered the question also.

My best idea I've come up with is an official 3 day Numismatic Weekend where collectors report their slab serial numbers to PCGS or NGC, etc. for all of their coins. This would be done every 2 or 3 years. It's a good idea in theory, but would never work there's just too many slabs out there and PCGS would be backed up for the next 6 months for round the clock population census calculations.

291fifth

<< <i>It will never be known.. and at this time, impossible to compile.... Cheers, RickO >>

DieClash

<< <i>

<< <i>It will never be known.. and at this time, impossible to compile.... Cheers, RickO >>



>>



Yep!

Methinks Pop. reports have a most definite impact on coin values. What would be interesting to know is which coins/series are most susceptible to the crack-out game. And which series have the most label returns? My guess is during the infancy of the TPG services that the crackouts were not anticipated. But shortly after the industry established itself, the crackout was inevetible among speculators and arbitrage searchers.

Now we've got Pop. reports that are really only WAGs at best.

How many slabs got cracked out and the labels were never returned? Think about the early slabs when the crackout game was alive and well long before the TPGs thought to "reward" customers for sending in the cracked-out labels?

Another reason, why I llike 'em raw!

ttown

That makes one wonder on coins like the Bust series when Overton rating are compiled how many crack-outs count as a coin just trying to get a high grade and how many time a coin would be counted if it traveled through several TPG's in it's lifetime.

I guess they should put serial numbers on coins so we know how many exist for sure.

DieClash

<< <i>That makes one wonder on coins like the Bust series when Overton rating are compiled how many crack-outs count as a coin just trying to get a high grade and how many time a coin would be counted if it traveled through several TPG's in it's lifetime.

I guess they should put serial numbers on coins so we know how many exist for sure. >>



Link to a similar idea RE: serial #s on coins.

There are obvious problems with "stampin" coins with ID #s, but some sort of microspic ID on the edge may prove viable. The greatest problem will be how to deal with counterfeiters.

PerryHall

<< <i>I've pondered the question also.

My best idea I've come up with is an official 3 day Numismatic Weekend where collectors report their slab serial numbers to PCGS or NGC, etc. for all of their coins. This would be done every 2 or 3 years. It's a good idea in theory, but would never work there's just too many slabs out there and PCGS would be backed up for the next 6 months for round the clock population census calculations. >>



It will never happen. Coin collectors value their privacy and won't give personal information such as this to anyone. Plus, anyone with a large collection won't want to take the several hours that it would take to put this information together.

Aegis3

In theory, if you record the slab varieties in a large auction (say, Heritage) from Conder's studies, and then correlate them to a full series of pop reports over time (so you have some idea as to how many slabs were issued for each slab variety), you _may_ be able to form some idea as to how many coins have been cracked out (and resubmitted). Chances are, you probably have to do this for a few sales also to determine how often and long a coin may go into hiding into a collection rather than being churned.