Will a chipped PCGS graded coin slab affect a coin's value and/or should I reholder?
MintyBullion
Posts: 3 ✭
Not too long after purchasing a PCGS graded coin, I accidentally dropped it on a tiled floor. Luckily, the slab didn't crack and the coin appears to still be preserved and in the same position. However, part of the lower right corner of the slab has chipped off as a result of the drop.
My concern is whether the chip will affect the value of the coin, especially if I decide to attempt to sell it one day on a website like Ebay where I would need to indicate the chip.
If it does affect it's value, my second concern is whether or not it's worth submitting it for a reholder. The coin is graded MS70 and has a special label. The con's I see with submitting for a reholder is that the coin might be given a lower grade as a result of opening the slab and that the special label might be replaced. Additionally, I would need to pay to become a PCGS member anyway.
Any thoughts as to whether or not its worth submitting the coin for a reholder? Thanks!
Best Answers
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ChrisH821
Posts: 6,493 ✭✭✭✭✭
Personally I wouldn't care about a chip in the holder and it should have no impact on value unless someone thought it was tampered with. Some people are sticklers about stuff though.
I would only send it in for reholder if you have some others to go with it. There is no chance of them lowering the grade on a simple reholder, not sure about the special label though.
Long story short, if you don't mind the chip just live with it, chances are someone else also won't mind it when it comes time to sell. Just my opinion on the matter.Also welcome aboard!
Collector, occasional seller
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BigDowgie
Posts: 1,771 ✭✭✭✭
I agree that most collectors won't care if the coin is correctly graded. Hopefully folks by now are buying the coin and not the holder!
Though you say the grade is MS70 with a special label. Not sure what the coin is with that grade, but I think you will start getting into picky collectors at the MS70 level. More of them probably would prefer a holder as perfect as the coin. I might be one in this category of collector. Sending in for re-holder won't cost anymore to keep the current label and the grade would not change. Have a friend submit the coin, as you do not need to join PCGS just for this.
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dpoole
Posts: 5,940 ✭✭✭✭✭
All know is, the fewer people who handle your coin the better.
Some years ago, I had a 1950 Lincoln PRCAM. The slab was chipped, so I sent it back to NGC for reholdering. It came back with moisture spots. I sent it back in to fix it, but that lost its CAM.
It's the coin, not the...well, you know.
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ricko
Posts: 98,724 ✭✭✭✭✭
@MintyBullion .... Welcome aboard. Real coin collectors do not care about the slab unless it is severely damaged or scratched in the viewing area. Slab collectors care about minor damage to the slab. Personally, I think it will be fine as is.... sinking more money into the coin is not economically wise. Cheers, RickO
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Answers
OMG, Oh No... Make sure the Mint Mark didn't fall off?
Accidents happen...
Take a deep breath and try to get some sleep as the sky didn't fall and the world didn't end
Not worth re-slabbing nor getting highly detailed description wise.
Unless it needed to be superglue, most collectors wouldn't care.
I really only care if the slab is collectible (e.g. Regency, Doily, etc). Otherwise, a chipped slab has never prevented be from buying a nice coin nor have I been offered a nice coin at a discount because of a chipped slab.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I would buy a chipped slab but that's not saying much cause I am one of those label guys who buys also by the label. At least I am honest.
...with my holder'd coins...the price does all the dropping and my wallet takes all the chipping
Wouldn’t bother me in the least. Buy the coin, not the holder
It wouldn't bother me !!!
Modern with a first strike label? Or Is it Bullion with a gimmick signed label? If either its not worth a reholder fee.
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I respect everyone's opinion above, and under normal circumstances I would agree, but in this case it seem the value or interest is in fact in the label/holder. "Buy the coin, not the holder" probably did not apply here....
Wow sorry that you went through that. That is one good example of not sending the coin in. Thank you for sharing.
If the slab was a rare one; first run rattler, original doily, Regency, etc...then it would affect the value...but would NOT warrant reholdering..
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To JBK
The coin always matters imho. A dreck coin in a doily is still dreck. Don’t bother reholdering would still be my call
These days the coin matters ... and so does the holder. Cracked holders are a negative that should lead to a price reduction. It costs money to reholder.
IMHO there are two unknowns that will help make an informed decision. First what is the value of the coin?
Second how bad is the damage to the holder? When both of these are weighed the decision may be much clearer.
Welcome to the forum! May we see the coin in discussion?
Tiny chips are common. The only time I mind a chip is if it's on a vintage slab.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Thank you all for your suggestions and welcomes
. I figure its probably best to go into detail with the coin to get a better idea of what we're working with.
It is a 2017 Palladium American Eagle Coin MS70 PCGS First strike. The label is exclusive to APEX (they indicate it as an APEXclusive) and they made only 500 with this label.
The part that chipped off is the curving corner piece on the lower right of the inner frame. From what I see though, APEX doesn't explicitly indicate any value on it's slab in the description.
Here is a link to the coin's page:
https://www.apmex.com/product/155884/2017-1-oz-palladium-american-eagle-ms-70-pcgs-fs-black-label
Thanks again!
Not a chance.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
That sounds to me like you're referring to the small stacking "fin" (not sure if that is what it's called) maybe a very minor defect and not like a corner of the slab broke off.
I would imagine it is bullion.
If the holder/label have no value, then why was it marketed this way? Don't get me wrong - I would not pay a premium for this stuff but obviously some people do. I will leave it to others to decide if the chip is bad enough to warrant reholdering, but the holder and label were clearly part of the draw. I have to wonder if the special label would be retained, though, if it were reholdered. Do they just take the actual label out and put it in the new slab?
Thanks all for your feedback.
Based on the responses I've seen, I've decided that I'll only reholder if PCGS has no problem keeping the label and if I happen to find a PCGS member who is sending over their coins.
Come that time though, I'll still be cautious in sending it in, as I wouldn't want to risk potential environmental damage.
Thanks again!
If the chip was large enough to allow air in and the coin was a metal that could tone - I would reholder
I suspect Palladium is stable, but do not know