Would you crack this Large Cent out?
jmski52
Posts: 22,954 ✭✭✭✭✭
I've been keeping all of my Large Cents out of plastic, and several of them actually came to me cracked out but with the label left in the padded envelopes.
Now, I've got to decide whether to crack this out and keep it the same way as some of the others. I can't take a decent pic of the coin because of the slab. On the other hand, the dealer suggested that it might be better to keep it slabbed for the long haul.
What do you Large Cent people say?
Now, I've got to decide whether to crack this out and keep it the same way as some of the others. I can't take a decent pic of the coin because of the slab. On the other hand, the dealer suggested that it might be better to keep it slabbed for the long haul.
What do you Large Cent people say?
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I knew it would happen.
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Comments
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
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if it helps you feel better doing it
EAC members are well known for cracking out
this is probably the protocol
crack it, attribute it, zylol it, coin envelope it
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<< <i>No. It never made any sense to throw away the grading fee and guarantee by cracking out coins but I'm sure the grading services love those that do. >>
<< <i>.
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if it helps you feel better doing it
EAC members are well known for cracking out
this is probably the protocol
crack it, attribute it, zylol it, coin envelope it
.
. >>
Excuse my ignorance, but what is zylol?
When I asked the same dealer whether or not I should get the rest of my Large Cents slabbed, he said "no, there's no reason to do THAT".
That's why I'm somewhat divided on the question.
I knew it would happen.
Being that the '24 is a very tough date to find problem free, much less in a higher grade #1 TPG slab, I would personally suggest NOT cracking it.
Too many positive BST transactions with too many members to list.
Your coin looks nice but has some wear, so I'm guessing it would not go unto an unc holder. Since it looksto be a nice coin, and since au-58 is a tough and desirable grade, I would keep it in the slab unless you are prepared to lose money on it if you crack it out. At the end of the day, the coin is what it is, as they say. But, if you ever intend to sell it, a PCGS au-58 grade is a desirable grade and provides some assurance to prospective buyers of grade, originality, color, etc.
Tom
<< <i>If I were you, I would crack it out. If I were me, I would not.
When I asked the same dealer whether or not I should get the rest of my Large Cents slabbed, he said "no, there's no reason to do THAT".
That's why I'm somewhat divided on the question.
For better or worse, I tend to gravitate toward uniformity of presentation.
<< <i>
<< <i>No. It never made any sense to throw away the grading fee and guarantee by cracking out coins but I'm sure the grading services love those that do. >>
However, to me, that's what low grade, non-key, coins are for.
For this one, I wouldn't crack it. If you ever sell it, let someone else decide what to do with it. I can just imagine some EACers going out of their way to find issues with the grade, if they are buying, so at least having it in the slab will help you overall selling (adding in non-EACers).
Also, it does add protection and tracking/accountability for the coin itself.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
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<< <i>Also, it does add protection and tracking/accountability for the coin itself. >>
even though i do prefer my coppers not be slabbed, i do agree with the protection/authentication factor of the top TPG slabs
it would have been nice if they could have existed all the way back to 1776, a lot of numismatics would have been preserved and the hobby would be totally different
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eventually damage a copper coin. I love the cotton liners that can be used with paper
envelopes. They let the poor coin breathe!
As long as you are happy with the condition of the coin, and plan to keep the coin for a
while, the holder doesn't add much, and can definitely detract from your enjoyment.
<< <i>
<< <i>.
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if it helps you feel better doing it
EAC members are well known for cracking out
this is probably the protocol
crack it, attribute it, zylol it, coin envelope it
.
. >>
Excuse my ignorance, but what is zylol? >>
I think he meant "xylol". It is a solvent. Don't drink it.
<< <i>Excuse my ignorance, but what is zylol? >>
Xylol is a solvent that can be bought at a chain hardware store. If you have ever inhaled a magic marker, than you have inhaled Xylol. It is used to remove PVC and loosen dirt and corrosion which has not set into the coin. Very toxic, and has a fast evaporation.
PRACTICE ON CHEAP COINS BEFORE YOU USE THE STUFF!!! You will also need some type of "Coin Care" presevative after using Xylol has the coin is dry and subject to the water vapor as copper is a highly reactive metal.
To crack out any graded coin for the sake of "consistency" or to "put it in a Dansco" is the height of foolishness unless the cracker is willing to accept the potential loss of his/her investment.
While I'm not an EAC collector, my advice is to keep it in the slab and shop around for a raw specimen to play with.
The name is LEE!
Who are you calling a fool?
I also can't tell why this isn't MS either!
Slabs are good - for the coin, for your peace of mind, for resale, for storage, for tracking, etc., etc.
On top of that, sold to the right dealer, the holder is irrelevant. That is, as long as the coin is truly problem free.
And as far as cracking out early copper, I totally think that's the way to go.
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If you do not envision keeping this coin very long, or will be on the hunt for an upgrade, I'd leave it as is.
Ed. S.
(EJS)
Lance.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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<< <i>go commando. you know you want to. MJ >>
I like that! very funny.
<< <i>You can just PAY FOR THE SECURE PLUS REHOLDER, THEN CRACK IT OUT. It gives PCGS a reference point and a huge leg up getting it reholdered if that day ever comes. >>
So submit first for "secure plus reholder", then later when if submitted raw (with the old label number?) for re-holder, the coin will get the same grade? Because PCGS would have a photo of it?
Sounds great! One would have to spend a bunch in fees, but it would resolve any anxiety about a possible grade drop. (I'm not saying that a possible grade drop is the only thing to consider about a crack-out.)
I don't have any coins I want to do that with at present. But if I understood renomedphys right, then it's nice to know there's a kind of 'guarantee' way to go about it, provided the coin doesn't get damaged, ex-capsulation.
John
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 never understood the "save the label" strategy. Once the coin is cracked out there is no way to prove the label belongs with any particular raw coin. >>
I tend to agree with you - I do not think a label has any influence on the future grade (or no grade).
<< <i>
<< <i>I never understood the "save the label" strategy. Once the coin is cracked out there is no way to prove the label belongs with any particular raw coin. >>
I tend to agree with you - I do not think a label has any influence on the future grade (or no grade). >>
Also, the label has no influence on the future sale price if your collecting interests change and you decide to collect a different series. Of course, the old label may help if you sell it to a friend who totally trusts you.
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
Sending it for SP grading does not guarantee the coin will achieve the same grade at a later date. Matt wasn't saying that.
It simply serves as a reference point for PCGS. "Oh, lookie here...this cent was previously graded by SP as AU58. Hmm...same coin alright, and doesn't appear to have been messed with since...but I think 58 was too generous. Let's give it a 53."
Lance.
I believe you answered your own question:
" I've been keeping all of my Large Cents out of plastic, "
My Washington Set is in a Dansco holder with a 32-D & a 36-D I cracked out of PCGS plastic MS 63.
Just Do It, you will feel better about the set.
<< <i>To crack out any graded coin for the sake of "consistency" or to "put it in a Dansco" is the height of foolishness...
Who are you calling a fool?
Right On
<< <i>The cert label is not proof, but it is persuasive, when it comes time to sell a coin. At least that has been my experience.
Sending it for SP grading does not guarantee the coin will achieve the same grade at a later date. Matt wasn't saying that.
It simply serves as a reference point for PCGS. "Oh, lookie here...this cent was previously graded by SP as AU58. Hmm...same coin alright, and doesn't appear to have been messed with since...but I think 58 was too generous. Let's give it a 53."
Lance. >>
Yes, besides for resale, that is what I thought saving the cert label might be good for -- submitting it with the coin for PCGS to compare with the associated photo obtained by Secure Plus. But thanks for the clarification. So, it's a reference point, not a guarantee to reholder at the same grade, even if it hasn't been altered. -John
<< <i>
<< <i>The cert label is not proof, but it is persuasive, when it comes time to sell a coin. At least that has been my experience.
Sending it for SP grading does not guarantee the coin will achieve the same grade at a later date. Matt wasn't saying that.
It simply serves as a reference point for PCGS. "Oh, lookie here...this cent was previously graded by SP as AU58. Hmm...same coin alright, and doesn't appear to have been messed with since...but I think 58 was too generous. Let's give it a 53."
Lance. >>
Yes, besides for resale, that is what I thought saving the cert label might be good for -- submitting it with the coin for PCGS to compare with the associated photo obtained by Secure Plus. But thanks for the clarification. So, it's a reference point, not a guarantee to reholder at the same grade, even if it hasn't been altered. -John >>
I doubt the graders even see any old labels that are sent in with raw coins. Someone in the mail room probably removes them before sending the coins to the grading room.
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
SecurePlus would catch the fact that it has been previously graded by SP because of its fingerprint match.
Lance.
Crack and enjoy. If it was a red coin I would say keep it sealed to help perserve the color. It's a real nice coin-congrats on the pickup.