How many big or small collectors crack out high grade coins for.

YaHa

I think 19yds (LEE) might of mentioned something about what I am going to ask you guys/gals, in my recent post of the $10k Delaware quarter.

How many collectors do you think that crack out a MS or PR 70 coin for the TOp grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions".

Or Knowing they have a Gem in their hands/collections they tend not want it in slab.

rgCoinGuy

<< <i>I think 19yds (LEE) might of mentioned something about what I am going to ask you guys/gals, in my recent post of the $10k Delaware quarter.

How many collectors do you think that crack out a MS or PR 70 coin for the TOp grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions".

Or Knowing they have a Gem in their hands/collections they tend not want it in slab. >>



Zero would crack them out (you would have to be a financial idiot to crack a top TPG graded 70), several probably put back potential 70's without slabbing them. For instance, there was a 2003 Lincoln cent graded 70. If that person cracked it out, when it developed a spot (which it did) outside of the plastic, their $14,000 investment (or whatever it was) would have been reduced by $13999.99.

Edited to add: Sorry George, if the wife is over your shoulder, let her know I mean no harm by my icon

pontiacinf

you would have to be an idiot to crack a high grade modern. They are not worth what they are getting to
begin with, and theres no gaurentee they would end up slabbing at the original grade.

Crackouts are reserved for danscos, and in the most part "when you pry it from my cold dead hands"

cladking

I've got hundreds of high grade coins just waiting for a decent price to be shipped off for slabbing.

Most moderns are still way too cheap.

The fact that almost everyone is bashing or ignoring them is evidence of this.

TomB

I would think the chance of damaging such a coin while in an album or raw would be substantially higher than damaging it while still left in a slab. That fact alone would likely convince most to keep high grade coins in their certified holders.

fc

<< <i>I've got hundreds of high grade coins just waiting for a decent price to be shipped off for slabbing.

Most moderns are still way too cheap.

The fact that almost everyone is bashing or ignoring them is evidence of this. >>



the reason your moderns are still way too cheap is because you
have not sent them to the controllers of the artifically controlled
supply of 70s labels.

otherwise they are worth a few bucks each in most cases.

but how can that be? they are so rare and desirable? nope.

not without plastic around them and the appropriate label to say
they are a top pop. otherwise finding the greater fool is impossible.

clad, i know you are smart and knowledgeable but lets face it, modern
collectors who pay big bucks would sneer at these raw moderns
because they are not graded appropriately and would laugh loudly
if you asked a reasonable price like they sell slabbed. this assumes
you can grade them just as pcgs would.

----------

to answer the question, modern or classic, no one i know would crack
out a top pop because they are worried it would never get back into
the same graded plastic. inconsistency is the reason assuming they
do not damage the coin like tomb mentions.

percyb

I have MS 69 Sac dollars that I won't slab...is this what you're alluding to?

PrivateCoinCollector

Crack out a modern coin? Where the camera?

RWB

I crack them out of a bank roll or bag for face value, or possibly from a mint set. Why waste $$$ buying common-date stuff just because some fool stuck it in plastic and added a label? Why not use your mental and observational abilities and refuse to be a puppet? Take some courses from the ANA.

cladking

<< <i>

the reason your moderns are still way too cheap is because you
have not sent them to the controllers of the artifically controlled
supply of 70s labels.

otherwise they are worth a few bucks each in most cases.

but how can that be? they are so rare and desirable? nope.

not without plastic around them and the appropriate label to say
they are a top pop. otherwise finding the greater fool is impossible.

clad, i know you are smart and knowledgeable but lets face it, modern
collectors who pay big bucks would sneer at these raw moderns
because they are not graded appropriately and would laugh loudly
if you asked a reasonable price like they sell slabbed. this assumes
you can grade them just as pcgs would.

----------

to answer the question, modern or classic, no one i know would crack
out a top pop because they are worried it would never get back into
the same graded plastic. inconsistency is the reason assuming they
do not damage the coin like tomb mentions. >>




And after that Morgan dollar or large cent is sent in for the thirtieth time and is finally
maxed out at MS-65, how many collectors are going to break it out and put it in their
album. Ya' can't get a higher grade than MS-70 so they don't get resubmitted (with
the exception of crossovers).

Moderns do not have to be encapsulated to bring high prices but they certainly do to
bring the highest prices. This really is quite logical if you think about it a little; if the
spread is higher because populations are higher then it only makes sense that the
coins need to actually be known to be in that grade. An MS-66 bust dollar still has
a lot of value in MS-65 while SOME moderns are common except in pop top. Just as
no one will but a pop top bust for full money raw, they won't pay for a raw modern
in pop top either. Everyone is happy to but a solid grade coin in the next grade down
though.

Silverstate

<< <i>How many collectors do you think that crack out a MS or PR 70 coin for the TOp grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions".

<< <i>

Only if they are stolen or insane.

TwoSides2aCoin

When you say big or small collectors are you referring to fat people and midgets ?

YaHa

<< <i>When you say big or small collectors are you referring to fat people and midgets ? >>



Well rounded folks and people with less than $One dollar two ninety eight in their bank accounts.

TwoSides2aCoin

OPA

Crack out a PCGS 70? ... You've got to be under "the influence" if you do. I've cracked out numerous PCGS 69's if the Raw coin sells for more than the graded one...i/e First Spouse PR ...

19Lyds

<< <i>I think 19yds (LEE) might of mentioned something about what I am going to ask you guys/gals, in my recent post of the $10k Delaware quarter.

How many collectors do you think that crack out a MS or PR 70 coin for the TOp grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions".

Or Knowing they have a Gem in their hands/collections they tend not want it in slab. >>



Why'd you drag me into this George?


To respond to your question: I don't think any of them would because to do so would be insane. PCGS even adds a $10 to the regular $10 for reholdering MS70 or PR70 coins as the risk of damaging them is too great.

On the other hand, all these "collectors" that bust their slabbed coins out to put in a Dansco for bookshelf reviewing are a little insane too! A Dansco offers zero protection and even increases the possibility of damage since they are loaded with paper fragments, dust and grit that can damage a coin if not handled properly. But then, why fixate on 70's?

Ask the questions (in an attempt to be fair here and with a slight grammar correction) :

"Do you suppose the owner of that MS66 1932-D Washington quarter cracked it out of its plastic tomb for Private Cigar and Brandy Discussions?"

Or

"How many collectors do you think that crack out a MS67 or PR68 Morgan Dollar coin from the Top grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions"

Or

"How many collectors do you think that crack out a MS67 or PR66 Peace Dollar coin from the Top grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions"

Or

"How many collectors do you think that crack out a MS66 or PR67 Trade Dollar coin from the Top grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions"

Or

"How many collectors do you think that crack out a MS67 or PR68 Indian Head Cent coin from the Top grading companies out there and put them into a collection that is say "Private for Cigar and Brandy discussions"

and on and on and on!

The point is, NOBODY cracks out a TOP POP coin, regardless of grade, from a slab just to pass around for Private Cigar and Brandy discussions.

ricko

Incredible what minutiae can generate conversation here... Cheers, RickO

OPA

<< <i>Incredible what minutiae can generate conversation here... Cheers, RickO >>



Slow day ... that's why.

19Lyds

Ahhh this is just a carry over from this thread.

Which is the real "Never Ending thread" !

ziggy29

People may crack out high grade coins and people may crack out expensive coins and key dates. But no one is going to crack out a coin where one single point is responsible for 99.9% of its value.