<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
measuring a items liquidity by "how it would do on ebay" is ridiculous & you know it.
that's like figuring out the value of your house by trying to sell it at the local flea market
K S >>
What a terrible analogy. No one sells houses at a flea market yet thousands of coins are bought and sold on eBay every month. My point was that certain coins are much less liquid when they are raw rather than slabbed. I used high grade key date coins as an example. Another example would be coins that are very heavily counterfeited. Is a raw $3 gold coin just as liquid as a slabbed $3 gold coin? Of course not!!! >>
This reminds of something that happened to me about 7 years ago.
I bought a very nice counterfit $3 gold from a reputable local dealer for a jewelry piece. cost me $100.
several months later I decided I didn't want to put it in the necklace. I took it to another dealer. I told him it was counterfit. He said and I quote " your right and I wouldn't pay a dime more than $150 for it"
I heard that this not so reputable dearler had it in his showcase qas the real deal.
(I am sure that okbustchaser can figure out who the dealer was/is)
Liquidity definition - the ability of an asset to be converted into cash quickly and WITHOUT ANY PRICE DISCOUNT.
Slabs are like an annoying mother-in-law. You love your wife and can't stand her mother, but you can't get rid of her. Its best to not complain and be nice. You love your coins but can't stand slabs, and they ain't going away. Instead of moaning and complaining, use them to your advantage.
Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
They are every bit as liquid...they may not realize the price you want, but they will sell at the proper market price for what they actually are--raw coins.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
They are every bit as liquid...they may not realize the price you want, but they will sell at the proper market price for what they actually are--raw coins. >>
When a raw coin sells for well below what it would sell for after being slabbed, that ain't liquid in my book. Using your logic, any coin that can be feed into a Coin Star machine is liquid.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Liquidity definition - the ability of an asset to be converted into cash quickly and WITHOUT ANY PRICE DISCOUNT.
Slabs are like an annoying mother-in-law. You love your wife and can't stand her mother, but you can't get rid of her. Its best to not complain and be nice. You love your coins but can't stand slabs, and they ain't going away. Instead of moaning and complaining, use them to your advantage. >>
There IS NO PRICE DISCOUNT when selling raw. A coin sells for exactly what it is worth at that point in time to that given buyer and seller regardless of slabbed or raw. When one receives more when selling a certified coin it is because more than the coin is being sold. The insurance policy the slab represents is also being sold. The coin inside, however, is still worth exactly the same as if it were still raw. Like all insurance premiums the higher the risk the more the premium costs.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
the whole "liquidity" load of crap is just another of those wacked out "pla$tic excuses". as a coin COLLECTOR why in the he11 do you need your coins to be liquid??? do you really jump into each purchase w/ the most important soul-burning question being "how quick can i re-sale this coin"? do'nt you buy a coin as a COLLECTOR because you plan TO KEEP IT???
seems like someone buying a expensive coin would be planning on keeping it, & so maybe the 1st question should be "how long can i live w/ this coin".
"liquidity" is yet another absurd excuse for pla$tic if your goal is to be a coin collector. of course, everyone buys & sells some of their coins from time to time, but c'mon now, how "liquid" do your coins really need to be? do you treat each purpose like your gonna run out 1st thing tomorrow morning & try to liquidate it?
the whole "liquidity" load of crap is just another of those wacked out "pla$tic excuses". as a coin COLLECTOR why in the he11 do you need your coins to be liquid??? do you really jump into each purchase w/ the most important soul-burning question being "how quick can i re-sale this coin"? do'nt you buy a coin as a COLLECTOR because you plan TO KEEP IT???
DK - As a collector and as a dealer, I've never worried about the liquidity of my coins. I figure that the disadvantages of illiquidity are offset by other advantages. (Large spreads, subjective valuations, opaque markets, etc.) But I will say that 80% of the coins that I buy with the intention of keeping for my collection end up getting sold within a few years. Sometimes, it's because my collecting goals have changed, sometimes it's because I've found a better coin, and sometimes it's because I need the money. All that said, I recognize that a collector can't get out of his coins as painlessly as I can. Which means that if a collector isn't sure he wants to keep a coin for the long term, liquidity is a very legitimate concern.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards?
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards? >>
If you offer some dealers a raw coin and you are not knowledgable about coins, he will undergrade the coin in an effort to rip it. If it's in a top tier slab and he claims it's a much lower grade, then he's probably a crook and it's time to walk. When it comes to expensive coins, I have an anti-raw bias. I remember when third party grading services started, many dealers told me how much they hated them. Hard to buy at a lower grade and then sell at a higher grade when a coin is in a top tier slab.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards? >>
If you offer some dealers a raw coin and you are not knowledgable about coins, he will undergrade the coin in an effort to rip it. If it's in a top tier slab and he claims it's a much lower grade, then he's probably a crook and it's time to walk. >>
I fail to see the difference.
<< <i>When it comes to expensive coins, I have an anti-raw bias. >>
Thank you.
>>
I remember when third party grading services started, many dealers told me how much they hated them. Hard to buy at a lower grade and then sell at a higher grade when a coin is in a top tier slab. >>
True, now, they buy at a high grade, play the crackout game, and sell at an even higher grade.
<< <i>DK - As a collector and as a dealer, I've never worried about the liquidity of my coins. I figure that the disadvantages of illiquidity are offset by other advantages. (Large spreads, subjective valuations, opaque markets, etc.) But I will say that 80% of the coins that I buy with the intention of keeping for my collection end up getting sold within a few years. >>
how do you figure a connection betweeen "liquidity" & "a few years"? seems like if you had the coins for a few years then sold 'em, liquidity was'nt a issue at all.
<< <i>The same reason they break oysters out of the shell! >>
OMG ... collectors are eating their coins with {that red -tail} sauce on them???? What IS this world coming to???
Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free
Note that almost all of the raw collectors are dealing with well-circulated coins which aren't likely to be damaged by careful and gentle handling. I don't think many fans of raw collecting would suggest it for high-value MS or even AU coins. >>
"Why do collectors break coins out of slabs to keep raw?"
Maybe they like to prove their grading and collecting prowess right up to the point where it comes time to either regrade (at a point loss if it even grades) or at a sale (at a loss over what was paid in the slab)?
Top TPG Slabs offer market guarantees in CASH!
Break it out of the slab, shoot yourself in the foot, come on the forums and whine when you can't sell it or get it graded as what it was before you broke it out!
If someone is so friggin good at grading then buy the coin(s) raw and forget about paying slab premiums!
Sorry, I'm in a bad mood...................
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
I applaud the old school , in other words "We don't need no stinking badges" and alot of the old time collectors are just as good if not better than the graders at a TPG company. I say educate yourself on the coin and not the plastic slab that it comes in!!!!
I mean what the heck , we now need another group CAC to approve the TPG and then we need another group to authenticate whether the slab or the CAC sticker is real?????? how far do we go?
JMHO
I love the old timers smash the slabs. I also miss the old time dealers ( as 95% of them are dead).
excuse me having flashbacks to the 1960's and 70's . Time for my meds
<< <i>I applaud the old school , in other words "We don't need no stinking badges" and alot of the old time collectors are just as good if not better than the graders at a TPG company. I say educate yourself on the coin and not the plastic slab that it comes in!!!!
I mean what the heck , we now need another group CAC to approve the TPG and then we need another group to authenticate whether the slab or the CAC sticker is real?????? how far do we go?
JMHO
I love the old timers smash the slabs. I also miss the old time dealers ( as 95% of them are dead).
excuse me having flashbacks to the 1960's and 70's . Time for my meds >>
Say, isn't that the AG, GOOD, VG, FINE, VF, XF, AU, UNC, BU, CH BU, and GEM BU crowd?
Lots and lots of interpretive "space" between those "old timer" grades!
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
Some of us like collecting raw coins in albums. Some of us like to present them and show them that way. Some of us feel a more direct and palpable link to the history of a coin when we don't have a layer of plastic in the way.
I know full well what can happen to the resale value and liquidity of some of the coins I crack out. I don't care. And I'm more than willing to slab them again before I sell if necessary.
Coin collecting is -- or should be, IMO -- about more than maximizing long-term profit.
Some of you may think it's silly to crack out any coin from the almighty slab. I think it's silly to demand that everything be *in* the almighty plastic. Slabs and TPGs have their place in the hobby but I don't buy the idea that everything good is better in plastic.
In a simpler more honest world, one could keep treasured coins in plastic flips- coin in one half, ID in another. Maybe with the coin half sealed in some fashion for environmental protection.
Slabbing feels like entombing, and certainly makes it more difficult for me to enjoy the coin. But I see no choice. I wouldnt mind having an album full of raws, though.
(not at all sure that this is practical for me. And I would like my kids to have full benefit of my coins, aesthetically or monetarily- their choice, without having to become adept in evaluating and marketing if their interest in collecting is minimal, or nonexistent.)
WILL WORK FOR CENTS, QUARTERS, HALVES, DOLLARS....
<< <i>I cannot answer your question for the masses, but I can answer it for myself. Of all the half dimes that I have ever purchased, I would estimate that at least one third (perhaps more) were in slabs when I purchased them; none are now. I crack out all of my coins and mount them in my own holders. I do this for several reasons. For the series I collect (United States half dimes from 1794-1873), I want to be able to weigh a coin and perhaps check its specific gravity to determine authenticity. Also, I like to measure the diameter of each coin for some research I am doing on different collars. Also, I check the reeding on most Liberty Seated half dimes, both as a check on authenticity, and also for some additional research on reeding guages used at the various mints. In addition, I need to be able to photograph my coins, free of the distortion, reflection and milky scratched surfaces seen on most slabs. None of this would be possible if the coins were in slabs. The holders that I place my coins in are significantly smaller than any slab, making the overall size of my reference collection suitable for storage in a safe deposit box; they would not fit in a SDB if still in slabs. My final reason for cracking out all of my coins is that I sometimes disagree with the grade assigned by the TPG, and I almost ALWAYS disagree with any attribution done by any TPG. For me, raw coins are the only way to collect, study, store and display coins. >>
<< <i>I personally like the look of my slabbed coins and would rather keep them there. However, and has already been stated, my Dansco Lincoln album does not have large rectangular holes for the slabs. I am currently in a point of contemplation... my recent 09-S VDB and 14-D look quite nice in the PCGS plastic but it is hard to look at my Dansco and see the empty holes. So the inevitable will occur soon. The nippers will come out, the coin freed and stuck next to his little round friends. >>
I'm with you ..... I cracked the same two coins along with a 22
When enough folks get a look at some coins, word gets around. That one has been lightly cleaned. OK, it will go for a little less. Another coin has a touch of porosity. Ok, I need to think about that one. A rare coin? It may be in someone's price range. Next coin! VF or XF, what's the rumor or what does so and so say about it? Everyone looks and looks, they study each coin and continue to look, thinking of a grade or more importantly, a value. They have seen thousands of coins. What's the rumor? OK, I like it, I need that coin! Word gets around, don't sell yourself short, have you heard enough? Do you know enough? Do you know who to talk to. How much is it worth? Who are the players? Why are all these people at this sale? The coins are raw! Someone knows something? I want that coin! But do I know enough?
Regards, Leo
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>I cannot answer your question for the masses, but I can answer it for myself. Of all the half dimes that I have ever purchased, I would estimate that at least one third (perhaps more) were in slabs when I purchased them; none are now. I crack out all of my coins and mount them in my own holders. I do this for several reasons. For the series I collect (United States half dimes from 1794-1873), I want to be able to weigh a coin and perhaps check its specific gravity to determine authenticity. Also, I like to measure the diameter of each coin for some research I am doing on different collars. Also, I check the reeding on most Liberty Seated half dimes, both as a check on authenticity, and also for some additional research on reeding guages used at the various mints. In addition, I need to be able to photograph my coins, free of the distortion, reflection and milky scratched surfaces seen on most slabs. None of this would be possible if the coins were in slabs. The holders that I place my coins in are significantly smaller than any slab, making the overall size of my reference collection suitable for storage in a safe deposit box; they would not fit in a SDB if still in slabs. My final reason for cracking out all of my coins is that I sometimes disagree with the grade assigned by the TPG, and I almost ALWAYS disagree with any attribution done by any TPG. For me, raw coins are the only way to collect, study, store and display coins. >>
This makes a lot of sense. Many things are simply not doable in a slab.
Slabs are nice for protection and for selling coins, but they come with a level of detachment.
Comments
<< <i>
<< <i>
<< <i>
<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
measuring a items liquidity by "how it would do on ebay" is ridiculous & you know it.
that's like figuring out the value of your house by trying to sell it at the local flea market
K S >>
What a terrible analogy. No one sells houses at a flea market yet thousands of coins are bought and sold on eBay every month. My point was that certain coins are much less liquid when they are raw rather than slabbed. I used high grade key date coins as an example. Another example would be coins that are very heavily counterfeited. Is a raw $3 gold coin just as liquid as a slabbed $3 gold coin? Of course not!!! >>
This reminds of something that happened to me about 7 years ago.
I bought a very nice counterfit $3 gold from a reputable local dealer for a jewelry piece. cost me $100.
several months later I decided I didn't want to put it in the necklace.
I took it to another dealer. I told him it was counterfit.
He said and I quote " your right and I wouldn't pay a dime more than $150 for it"
I heard that this not so reputable dearler had it in his showcase qas the real deal.
(I am sure that okbustchaser can figure out who the dealer was/is)
Slabs are like an annoying mother-in-law. You love your wife and can't stand her mother, but you can't get rid of her. Its best to not complain and be nice. You love your coins but can't stand slabs, and they ain't going away. Instead of moaning and complaining, use them to your advantage.
<< <i>
<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
They are every bit as liquid...they may not realize the price you want, but they will sell at the proper market price for what they actually are--raw coins.
<< <i>
<< <i>
<< <i>Slabs have ABSOLUTELY NOTHING to do with liqidity. There is not a single slabbed coin in the world that would not sell just as easily if raw. It might--in fact, I even accept the word "will"--sell for less, but it will sell. >>
Try selling a raw MS65 16-D dime or a raw MS67 09-SVDB cent on eBay and see how well you do. >>
They are every bit as liquid...they may not realize the price you want, but they will sell at the proper market price for what they actually are--raw coins. >>
When a raw coin sells for well below what it would sell for after being slabbed, that ain't liquid in my book. Using your logic, any coin that can be feed into a Coin Star machine is liquid.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Liquidity definition - the ability of an asset to be converted into cash quickly and WITHOUT ANY PRICE DISCOUNT.
Slabs are like an annoying mother-in-law. You love your wife and can't stand her mother, but you can't get rid of her. Its best to not complain and be nice. You love your coins but can't stand slabs, and they ain't going away. Instead of moaning and complaining, use them to your advantage.
There IS NO PRICE DISCOUNT when selling raw. A coin sells for exactly what it is worth at that point in time to that given buyer and seller regardless of slabbed or raw. When one receives more when selling a certified coin it is because more than the coin is being sold. The insurance policy the slab represents is also being sold. The coin inside, however, is still worth exactly the same as if it were still raw. Like all insurance premiums the higher the risk the more the premium costs.
<< <i>Jim, your being arguementative again
Gotta do something. As a state employee we all know I'm not working!
seems like someone buying a expensive coin would be planning on keeping it, & so maybe the 1st question should be "how long can i live w/ this coin".
"liquidity" is yet another absurd excuse for pla$tic if your goal is to be a coin collector. of course, everyone buys & sells some of their coins from time to time, but c'mon now, how "liquid" do your coins really need to be? do you treat each purpose like your gonna run out 1st thing tomorrow morning & try to liquidate it?
K S
DK - As a collector and as a dealer, I've never worried about the liquidity of my coins. I figure that the disadvantages of illiquidity are offset by other advantages. (Large spreads, subjective valuations, opaque markets, etc.) But I will say that 80% of the coins that I buy with the intention of keeping for my collection end up getting sold within a few years. Sometimes, it's because my collecting goals have changed, sometimes it's because I've found a better coin, and sometimes it's because I need the money. All that said, I recognize that a collector can't get out of his coins as painlessly as I can. Which means that if a collector isn't sure he wants to keep a coin for the long term, liquidity is a very legitimate concern.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards?
Ed. S.
(EJS)
<< <i>
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards? >>
If you offer some dealers a raw coin and you are not knowledgable about coins, he will undergrade the coin in an effort to rip it. If it's in a top tier slab and he claims it's a much lower grade, then he's probably a crook and it's time to walk. When it comes to expensive coins, I have an anti-raw bias. I remember when third party grading services started, many dealers told me how much they hated them. Hard to buy at a lower grade and then sell at a higher grade when a coin is in a top tier slab.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
<< <i>Question for those that don't care about their collection after they die---Would it bother you to know that a B&M dealer may give your spouse or children about 5% of what your raw coins are worth? >>
Ok, a dealer who offers 5% of what a coin is worth is a dishonest one. So, how do slabs cause a dishonest dealer to act honestly? And, more importantly, how can we exploit this honest-enhancing quality of slabs in other, more important areas of life?
Or, will you admit that your question just shows a pervasive anti-raw bias we find all too often on these boards? >>
If you offer some dealers a raw coin and you are not knowledgable about coins, he will undergrade the coin in an effort to rip it. If it's in a top tier slab and he claims it's a much lower grade, then he's probably a crook and it's time to walk. >>
I fail to see the difference.
<< <i>When it comes to expensive coins, I have an anti-raw bias. >>
Thank you.
>>
I remember when third party grading services started, many dealers told me how much they hated them. Hard to buy at a lower grade and then sell at a higher grade when a coin is in a top tier slab. >>
True, now, they buy at a high grade, play the crackout game, and sell at an even higher grade.
Ed. S.
(EJS)
<< <i>DK - As a collector and as a dealer, I've never worried about the liquidity of my coins. I figure that the disadvantages of illiquidity are offset by other advantages. (Large spreads, subjective valuations, opaque markets, etc.) But I will say that 80% of the coins that I buy with the intention of keeping for my collection end up getting sold within a few years. >>
how do you figure a connection betweeen "liquidity" & "a few years"? seems like if you had the coins for a few years then sold 'em, liquidity was'nt a issue at all.
leave "liquids" to the coin dr.s
K S
<< <i>The same reason they break oysters out of the shell! >>
OMG
Any raw pieces I buy the really nice raw pieces get slabbed for protection and certification.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Note that almost all of the raw collectors are dealing with well-circulated coins which aren't likely to be damaged by careful and gentle handling. I don't think many fans of raw collecting would suggest it for high-value MS or even AU coins. >>
Maybe they like to prove their grading and collecting prowess right up to the point where it comes time to either regrade (at a point loss if it even grades) or at a sale (at a loss over what was paid in the slab)?
Top TPG Slabs offer market guarantees in CASH!
Break it out of the slab, shoot yourself in the foot, come on the forums and whine when you can't sell it or get it graded as what it was before you broke it out!
If someone is so friggin good at grading then buy the coin(s) raw and forget about paying slab premiums!
Sorry, I'm in a bad mood...................
The name is LEE!
The collector is in the drivers seat
100% Positive BST transactions
I mean what the heck , we now need another group CAC to approve the TPG and then we need another group to authenticate whether the slab or the CAC sticker is real?????? how far do we go?
JMHO
I love the old timers smash the slabs. I also miss the old time dealers ( as 95% of them are dead).
excuse me having flashbacks to the 1960's and 70's . Time for my meds
<< <i>Why do collectors break coins out of slabs to keep raw? >>
Because of the new trend...Breaking them out of those horrid plastic slabs and sticking those little green stickers on the raw coins..
<< <i>I applaud the old school , in other words "We don't need no stinking badges" and alot of the old time collectors are just as good if not better than the graders at a TPG company. I say educate yourself on the coin and not the plastic slab that it comes in!!!!
I mean what the heck , we now need another group CAC to approve the TPG and then we need another group to authenticate whether the slab or the CAC sticker is real?????? how far do we go?
JMHO
I love the old timers smash the slabs. I also miss the old time dealers ( as 95% of them are dead).
excuse me having flashbacks to the 1960's and 70's . Time for my meds >>
Say, isn't that the AG, GOOD, VG, FINE, VF, XF, AU, UNC, BU, CH BU, and GEM BU crowd?
Lots and lots of interpretive "space" between those "old timer" grades!
The name is LEE!
<< <i>I just got the Chris McCawley and Bob Grellman catalog of the Bill Eckberg collection of half cents.
The coins are graded and attributed but they are all raw and being offered for sale at fixed prices.
Many were broken out of slabs.
I understand the touchy feely thing but I don't feel comfortable buying. >>
then do'nt
K S
I know full well what can happen to the resale value and liquidity of some of the coins I crack out. I don't care. And I'm more than willing to slab them again before I sell if necessary.
Coin collecting is -- or should be, IMO -- about more than maximizing long-term profit.
Some of you may think it's silly to crack out any coin from the almighty slab. I think it's silly to demand that everything be *in* the almighty plastic. Slabs and TPGs have their place in the hobby but I don't buy the idea that everything good is better in plastic.
Slabbing feels like entombing, and certainly makes it more difficult for me to enjoy the coin. But I see no choice. I wouldnt mind having an album full of raws, though.
(not at all sure that this is practical for me. And I would like my kids to have full benefit of my coins, aesthetically or monetarily- their choice, without having to become adept in evaluating and marketing if their interest in collecting is minimal, or nonexistent.)
1879-O{Rev}: 1st coin of my "secret set"
<< <i>I cannot answer your question for the masses, but I can answer it for myself. Of all the half dimes that I have ever purchased, I would estimate that at least one third (perhaps more) were in slabs when I purchased them; none are now. I crack out all of my coins and mount them in my own holders. I do this for several reasons. For the series I collect (United States half dimes from 1794-1873), I want to be able to weigh a coin and perhaps check its specific gravity to determine authenticity. Also, I like to measure the diameter of each coin for some research I am doing on different collars. Also, I check the reeding on most Liberty Seated half dimes, both as a check on authenticity, and also for some additional research on reeding guages used at the various mints. In addition, I need to be able to photograph my coins, free of the distortion, reflection and milky scratched surfaces seen on most slabs. None of this would be possible if the coins were in slabs. The holders that I place my coins in are significantly smaller than any slab, making the overall size of my reference collection suitable for storage in a safe deposit box; they would not fit in a SDB if still in slabs. My final reason for cracking out all of my coins is that I sometimes disagree with the grade assigned by the TPG, and I almost ALWAYS disagree with any attribution done by any TPG. For me, raw coins are the only way to collect, study, store and display coins. >>
Mr. Half Dime is the MAN!
Empty Nest Collection
<< <i>I personally like the look of my slabbed coins and would rather keep them there. However, and has already been stated, my Dansco Lincoln album does not have large rectangular holes for the slabs. I am currently in a point of contemplation... my recent 09-S VDB and 14-D look quite nice in the PCGS plastic but it is hard to look at my Dansco and see the empty holes. So the inevitable will occur soon. The nippers will come out, the coin freed and stuck next to his little round friends. >>
I'm with you ..... I cracked the same two coins along with a 22
Regards, Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Why do collectors break coins out of slabs to keep raw? >>
Because some people are more interested in coins than slabs?
Collecting is about enjoyment and some enjoy coins raw, the way they were made, used and collected for centuries.
<< <i>I cannot answer your question for the masses, but I can answer it for myself. Of all the half dimes that I have ever purchased, I would estimate that at least one third (perhaps more) were in slabs when I purchased them; none are now. I crack out all of my coins and mount them in my own holders. I do this for several reasons. For the series I collect (United States half dimes from 1794-1873), I want to be able to weigh a coin and perhaps check its specific gravity to determine authenticity. Also, I like to measure the diameter of each coin for some research I am doing on different collars. Also, I check the reeding on most Liberty Seated half dimes, both as a check on authenticity, and also for some additional research on reeding guages used at the various mints. In addition, I need to be able to photograph my coins, free of the distortion, reflection and milky scratched surfaces seen on most slabs. None of this would be possible if the coins were in slabs. The holders that I place my coins in are significantly smaller than any slab, making the overall size of my reference collection suitable for storage in a safe deposit box; they would not fit in a SDB if still in slabs. My final reason for cracking out all of my coins is that I sometimes disagree with the grade assigned by the TPG, and I almost ALWAYS disagree with any attribution done by any TPG. For me, raw coins are the only way to collect, study, store and display coins. >>
This makes a lot of sense. Many things are simply not doable in a slab.
Slabs are nice for protection and for selling coins, but they come with a level of detachment.
www.brunkauctions.com