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Picked up an unusual slab today...

PocketArtPocketArt Posts: 1,335 ✭✭✭✭✭

I saw this interesting slab today at a B&M, and paid $20. I bought this more for the slab because it was one I had not seen, and thought it would be fun to research, and just add to the collection even though the coin is really nothing all that special. Turns out, when I typed in Hannes Tulving rare coins, I found this! WHAT!!!!- this crook's in prison serving 2 1/2 years for defrauding $15,000,000 from his clients ????!!!!! Have any of you dealt with this weasel? When was he slabbing coins? Unbelievable....

http://www.coinweek.com/bullion-report/federal-judge-sentences-coin-precious-metals-dealer-hannes-tulving-15-million-fraud/

Comments

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭

    The part of the sticker that is ripped used to have a price.

  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    Looks like a pr65. Crack and submit to pcgs!

  • PocketArtPocketArt Posts: 1,335 ✭✭✭✭✭

    The dealer at the B&M had two more of these slabs, a 1958, and another 1962 both Franklin proofs. The other two also had the lower right part of the sticker removed on the front where price was per Zoins. Nothing spectacular about those two either- common proofs lacking cameo contrast. I just wanted one of these with the slab, and wasn't looking to pay a lot of money. Ironically, and unfortunately- the coin is probably worth more in that slab given the shady provenance, and not worth cracking out. I could be wrong but that would be my guess. Honestly not worth submitting anyways as coin isn't worth even $20 IMO.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    I am familiar with the Tulving saga but had never seen a slab like that.

  • derrybderryb Posts: 37,619 ✭✭✭✭✭

    probably a self slab from his earlier coin business.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • illini420illini420 Posts: 11,466 ✭✭✭✭✭

    I come across these every so often at local SoCal shows and coin shops. Never seen any sell for a premium, and typically they sell for a discount to what they would be if PCGS/NGC slabbed. Still neat pieces though and the prices in the lower right of the label were usually quite high. The last group I bought were 5 1885 Morgan Dollars graded MS63 and I think I paid $200 for all 5 of them. I do like the slabs themselves though, similar in size to the old white ANACS holders but quite a bit thinner.

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @abcde12345 said:
    Looks like a pr65. Crack and submit to pcgs!

    You have to be doing this on purpose! 65's sell for less than 20 bucks already in PCGS.

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    I own a ton of these. Not all that hard to find believe it or not. Still have an original storage box they came in.

  • PocketArtPocketArt Posts: 1,335 ✭✭✭✭✭

    Interesting- when was Tulving self slabbing coins? The B&M dealer thought he had these for close to 20 years.

  • djmdjm Posts: 1,565 ✭✭✭✭✭

    @PocketArt said:
    Interesting- when was Tulving self slabbing coins? The B&M dealer thought he had these for close to 20 years.

    About the time that PCGS and NGC got started. The grading is for the most part accurate, the promises of a return on the coins were the problem.

  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    @Wabbit2313 said:

    @abcde12345 said:
    Looks like a pr65. Crack and submit to pcgs!

    You have to be doing this on purpose! 65's sell for less than 20 bucks already in PCGS.

    Will you agree:
    1) That Franklin proof definitely looks PR65 and
    2) PCGS is a more respectable slab that the one it's in now.

    If so, why the petulance?

  • U1chicagoU1chicago Posts: 6,504 ✭✭✭✭✭

    Here is a 2012 thread about these slabs:

    https://forums.collectors.com/discussion/852452/hannes-tulving-slabs/p1

    And a CoinTalk thread with a description from Conder:

    https://www.cointalk.com/threads/hannes-tulving-slabs.137877/

    The ones I have seen are usually accurately graded or under graded. However, most of the coins are common so it's best to just leave them in the slab and preserve the history.

  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭

    There's a local dealer that has had a franklin or two in these holders for the last 8+ years. I forget the price. I just walk on past his tables most of the time...not that he isn't a nice enough dealer, but his prices aren't that flexible and they aren't that reasonable...and he has probably the most 3rd world slabs I can recall locally. Most of his stuff is quite stale.

    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

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That is one slab I have not seen before... Actually looks like a nice one... Interesting story behind it... Only 2.5 years for swindling $15million ????? Wow... bet he has a lot salted away for a comfortable retirement. Cheers, RickO

  • ArtRArtR Posts: 474 ✭✭✭

    @PocketArt said:
    I saw this interesting slab today at a B&M, and paid $20. I bought this more for the slab because it was one I had not seen, and thought it would be fun to research, and just add to the collection even though the coin is really nothing all that special. Turns out, when I typed in Hannes Tulving rare coins, I found this! WHAT!!!!- this crook's in prison serving 2 1/2 years for defrauding $15,000,000 from his clients ????!!!!! Have any of you dealt with this weasel? When was he slabbing coins? Unbelievable....

    http://www.coinweek.com/bullion-report/federal-judge-sentences-coin-precious-metals-dealer-hannes-tulving-15-million-fraud/

    Many years ago I bought some raw Morgan Dollars from him. At that time he did not have an investment firm. I never had any problems with his coins. I guess he let greed get the best of him.

    If It doesn't have great eye appeal, I don't want it.
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    Here is the box I mentioned. I have about 15 or 20 half dollars also.

    -

    -

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    edited March 20, 2017 12:44PM

    He was selling "investment packages" of raw coins through Coin World ads in the 1980's to early 1990's. The Feds caught up with him in the early 1990's. Apparently he changed his ways during the gold and silver boom of 2002-2011 when he was doing just fine selling bullion products, many of those to CU Forum members. Tulving got into trouble again after gold and silver crashed when he was taking new orders from Peter, to deliver overdue bullion orders to Paul. The Feds caught up with him again when the money owed was in the tens of $MILLs. I don't think it was his slabbing operation that got him into trouble, but not delivering $MILLs in bullion orders.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • PocketArtPocketArt Posts: 1,335 ✭✭✭✭✭

    Thanks for the information all- he must of had quite a bit of a presence if was able to accumulate $15,000,000 in what; 5-6 months through his nefarious activities? That's a lot of ill begotten sales in such a short amount of time...was he well known in the coin community / bullion purchasers?

    I do like the slabs though- not his self slabbed but the slabs. Are there any sources where these can be bought?

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