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Under what circumstances will you and will you not crack a coin out of a slab?

SanctionIISanctionII Posts: 12,671 ✭✭✭✭✭
Discuss please?

As for me, I have cracked two coins out of a slab. First a PCI 1950 PF67 CAM Frankie. I bought the coin, not the holder and have the coin sitting in a Capital Holder with its 13 frosty brothers. Second, a 1942 NGC PF66 half. The coin is quite nice, but it had haze on it that really bothered me, particularly since underneath the haze exist nice, deep mirrors and frosted devices (not enough to CAM though). A tough decision on my part but I caved in, cracked the coin and had the haze removed. The coin looks better to me now and it is sitting in a Capital holdered 1942 proof set.

Comments

  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    Never cracked one.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • TorinoCobra71TorinoCobra71 Posts: 8,064 ✭✭✭
    I crack out NGC and ANACS slabs for my submission to PCGS all the time. As a matter of fact I have one NGC and one ANACS crackout in for grading as we speak.........

    SUBMIT RAW!

    TorinoCobra71

    image
  • speetyspeety Posts: 5,424
    The only times i'll ever crack a coin out are for my Dansco 7070, if the coin is horribly overgraded by a "ebay" TPG, or if i am selling my collection in the (very) distant future. If I buy a coin, I buy the coin because i like it and could care less the grade given to it and the grading company as long as the slab isn't all scratched up and distorting the view of the coin or if the slab doesn't fit in a box, sorry SEGS but your slabs are huge. image

    P.S. I haven't cracked out any of my coins either, but i have crossed a few.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • DHeathDHeath Posts: 8,472 ✭✭✭
    I crack coins I plan to keep. I holder the ones I plan to sell. Sometimes, it's just easier to find the coins I need in holders.



    image
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • anablepanablep Posts: 5,164 ✭✭✭✭✭
    I used to crack out NGC and PCGS Morgans to send to ANACS.

    Now, I don't crack anything.
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • BAJJERFANBAJJERFAN Posts: 31,428 ✭✭✭✭✭
    I have cracked lots of PCI and ANACS and ICG and NGC coins to submit to another TPG. Never cracked a PCGS slab. On higher dollar stuff I'd try the crossover first. I just can't see crackin say a 93-s Morgan in PCGS 45 to put it in an album or for any other reason. Those who say they will never sell might one day find themselves in a situation where they need to sell. That 93-s in PCGS 45 will mostly do better in the slab than not in it. If you need to get that raw coin back in there is no assurance that it will get back in at the same grade, esp if PCGS is in one of their "tight" moods. Better to let well enough alone. But to each his/her/their own.
    theknowitalltroll;
  • AT one time these were ALL in either pcgs, ngc or anacs slabs.

    image
    "Everyday above ground is a good day"

  • TwoKopeikiTwoKopeiki Posts: 9,908 ✭✭✭✭✭


    << <i> I crack coins I plan to keep. I holder the ones I plan to sell. Sometimes, it's just easier to find the coins I need in holders. >>



    I do the same. The only thing that might stop me from cracking-out a coin would be a famous pedigree.
  • BAJJERFANBAJJERFAN Posts: 31,428 ✭✭✭✭✭


    << <i>I used to crack out NGC and PCGS Morgans to send to ANACS. >>



    Why oh why would you do that?
    theknowitalltroll;
  • droopyddroopyd Posts: 5,381 ✭✭✭
    I'd crack it out if I were planning to keep it for at least a decade. The only exception would be if I were planning to sell sooner, or for higher values items as a hedge against needing to make a quick sale in an emergency.
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • AUandAGAUandAG Posts: 24,969 ✭✭✭✭✭
    Any PCGS coin that I have paid to get into the slab!

    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,679 ✭✭✭✭✭
    I pay to put them into slabs. Other people can buy them and crack them out if they want... it ain't no skin off my Frankie.
  • CladiatorCladiator Posts: 18,283 ✭✭✭✭✭


    << <i>Under what circumstances will you and will you not crack a coin out of a slab? >>

    If the coin wasn't mine I would never crack it. Other than that...........??????
  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    I crack AU 58 - MS 64 early Lincolns for my 1909-33 Capitol Holder...looks cool as a set!!!image
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • Aegis3Aegis3 Posts: 2,919 ✭✭✭
    Crack out: basically anything
    Not crack out: that which may be too fragile to survive the cracking out procedure with a high enough probability, such as struck clad layers.
    --

    Ed. S.

    (EJS)
  • OKbustchaserOKbustchaser Posts: 5,553 ✭✭✭✭✭


    << <i>

    << <i>Under what circumstances will you and will you not crack a coin out of a slab? >>

    If the coin wasn't mine I would never crack it. Other than that...........?????? >>



    I've--with their permission, of course--even cracked a few of those.
    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • SNMANSNMAN Posts: 1,415 ✭✭✭


    << <i>Never cracked one. >>

    image

    Not for beginners that is for sure.

    SNMAN
  • itsnotjustmeitsnotjustme Posts: 8,780 ✭✭✭
    Crack when:
    - Little risk of downward grade change
    - Little risk of body bag
    - Moderate chance of upgrade (or designation like CAM)
    - High reward for upgrade
    - Have a submission going it will fit in

    Do Not Crack when:
    - Holder adds value (Pedigree, sometimes rattlers)
    - Maxed out already
    - High risk of downgrade
    - High loss if downgrade
    - Moderate to high risk of body bag
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • jmj3esqjmj3esq Posts: 5,421
    I will not crack it out if it is properly graded or if it looks overgraded.
  • ttownttown Posts: 4,472 ✭✭✭
    If it's part of my collection I wouldn't crack it out.

    If I were going to sell the coin and thought it had a chance for an upgrade I would consider it.
  • I may be the only one, but I have NEVER cracked a coin out of a slab for any reason.

    My collection is 100% PCGS, and when I've bought NGC/ANACS/PCI slabs, I have submitted them for crossover in the holders.

    I have also submitted to ANACS and PCI, when I have raw coins I intend to sell.

    Rex
  • JcarneyJcarney Posts: 3,154


    << <i>Crack when:
    - Little risk of downward grade change
    - Little risk of body bag
    - Moderate chance of upgrade (or designation like CAM)
    - High reward for upgrade
    - Have a submission going it will fit in

    Do Not Crack when:
    - Holder adds value (Pedigree, sometimes rattlers)
    - Maxed out already
    - High risk of downgrade
    - High loss if downgrade
    - Moderate to high risk of body bag >>



    This list would be tough to improve upon and should be memorized. image
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    I have cracked many slabs for my 7070 set, and once cracked a SEGS slab so I could resubmit the coin to NGC, took me a good half hour to get the slab open!

    AJ
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

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