I bought one a few weeks ago at a show because it was part of a larger group of coins that were nice. The PVC residue was removed and the coin fully graded.
MLAeBayNumismatics: "The greatest hobby in the world!"
I strongly avoid them. In fact my response should be "Never." Having been stuck with problem coins as a YN I will not buy coins in genuine holders. To me they are trouble because when you get ready to sell them it is always a "yes .... but" conversation, and you end up getting low ball offer.
You also get 1 point on the registry, even if the coin has cost you thousands of dollars. Even a "nothing coin" with a full grade gets 3 points. Filling a hole for that kind of money is just not worth it.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Well, not yet. I have had to come to the realization that I will never hold coins I really desire if I don't go with genuine examples. This is because my wallet says so. When the day comes I will be very discriminating.
Great transactions with oih82w8, JasonGaming, Moose1913.
Where standard U.S. silver, nickel, copper-nickel, small cents, and gold are concerned, I will not buy 'genuine' coins. However, there are many types of coins and U.S.-related exonumia (medals, tokens, electrotypes, counterstamped coins, contemporary counterfeits) that I do buy as raw pieces because the major TPGs will not grade them. I have occasionally bought a rare variety of an early large cent that I feel would not grade if sent in (due to light burnishing). While I have never bought a slabbed 'genuine' coin, I did once intentionally buy a Trade dollar that PCGS had already deemed a counterfeit, just for the holder.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
Never. I learned my lesson long ago when I tried to sell a genuine coin for what I paid for it. It can be quite difficult to find that "right" buyer.
After trying to sell the piece in the gennie holder for a year or so, I solved the problem by cracking it out and putting it in a 2x2 with "PCGS says Questionable Color". It sold in two months.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
In the past I would but today I wouldn't. I believe the coin hobby and most other "old line" hobbies as well are going to shrink over the next twenty years. The collectors that remain will be upscale types that don't want problem collectibles.
"... I believe the coin hobby and most other "old line" hobbies as well are going to shrink over the next twenty years. The collectors that remain will be upscale types that don't want problem collectibles."
I agree
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
<< <i>Yes and success in getting some into non genuine holders.
WS >>
That's the one I expected earlier. That and ...IF... someone thinks they could foist it off raw as "no problem" with a bit of gab and a lot of finesse.
Comments
Here's a "Fair"
And here's a "Fine"
Liberty: Parent of Science & Industry
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
You also get 1 point on the registry, even if the coin has cost you thousands of dollars. Even a "nothing coin" with a full grade gets 3 points. Filling a hole for that kind of money is just not worth it.
I wouldn't be ashamed to own certain coins in problem holders though. Half dismes, 1796 quarters, and certain early gold pieces come to mind.
comes I will be very discriminating.
Great transactions with oih82w8, JasonGaming, Moose1913.
I would probably NEVER buy a holed coin.
<< <i>Sure, but it depends on the look and how rare the variety is.
I would probably NEVER buy a holed coin. >>
DIMEMAN, I can do you a solid and plug up any holed coins that tempt you.
BTW it cost 1/10 of what a straight graded F12 went for the week before I got it.
I also won't buy a choice unc for my collection if I think I'll be able to find a gem in my lifetime.
And I won't collect a series if I can't live with the prices for the finest knowns.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
WS
However, there are many types of coins and U.S.-related exonumia (medals, tokens, electrotypes, counterstamped coins, contemporary counterfeits) that I do buy as raw pieces because the major TPGs will not grade them. I have occasionally bought a rare variety of an early large cent that I feel would not grade if sent in (due to light burnishing).
While I have never bought a slabbed 'genuine' coin, I did once intentionally buy a Trade dollar that PCGS had already deemed a counterfeit, just for the holder.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
After trying to sell the piece in the gennie holder for a year or so, I solved the problem by cracking it out and putting it in a 2x2 with "PCGS says Questionable Color". It sold in two months.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Here's a poll with 51% saying no but with an exception breakdown by code
I agree
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>Yes and success in getting some into non genuine holders.
WS >>
That's the one I expected earlier.
That and ...IF... someone thinks they could foist it off raw as "no problem" with a bit of gab and a lot of finesse.
``https://ebay.us/m/KxolR5
I do it constantly , later on when I tell people about the coin I make out like it was deliberate . But we know the truth