Bust Outs
Metalsmith
Posts: 22
How many of you get a coin PCGS or NGC and break it out of the case for your collection? Does that lower the value of the coin?
I know that the grading service grade for the coin is not always correct but once you break it out don't you start over ie I say it's a 66 you say it's a 64?
Ms
0
Comments
Edit to add: Removing a coin from a slab doesn't make the coin less valuable, just harder to sell. In the event the coin was over graded, it's less valuable. Not all coins should be cracked out.
I have done it twice and that was on my Washington Quarter set. MS 64 32 D & 36 D and it
didn't matter to me because I know what they are.
Liberty: Parent of Science & Industry
I like the aspect of having a book with all my coins in it too. A box of slabs just seems like seperate coins and not a set.
I don't like the idea of putting them in a book and getting them scrached or nicks though.
Ms
For me, the reward and enjoyment I get from the albums offset the risk/loss I may eventually suffer.
Lance.
<< <i>Your right, if you crack the coin out of the holder then it's your opinion verses the next guys opinion. There is a market for PCGS graded coins. A coin can increase in value when certified. Coins from time to time do get over graded or under graded by Third party graders. That's when sometimes at auction a coin gets strong money or weak money for the coin. It also leaves room for a company like CAC to step in. The last year or so It seem PCGS has tightened up on their grading. Your seeing a lot more coins getting CAC stickered. I like my coins in PCGS holders, it gives me more of a peace of mind. I rarely crack them out. I think your softening the value of your coin when you crack your coin out. Plastic does add money these days. >>
Coins in PCGS holders are no more valuable than raw ones are. They ARE more easily salable at a full value price since the pool of prospective buyers increases.
If one plans on holding a coin rather than selling within the near future the only reason whatsoever to keep the coin in a slab is personal preference.
<< <i>
<< <i>Your right, if you crack the coin out of the holder then it's your opinion verses the next guys opinion. There is a market for PCGS graded coins. A coin can increase in value when certified. Coins from time to time do get over graded or under graded by Third party graders. That's when sometimes at auction a coin gets strong money or weak money for the coin. It also leaves room for a company like CAC to step in. The last year or so It seem PCGS has tightened up on their grading. Your seeing a lot more coins getting CAC stickered. I like my coins in PCGS holders, it gives me more of a peace of mind. I rarely crack them out. I think your softening the value of your coin when you crack your coin out. Plastic does add money these days. >>
Coins in PCGS holders are no more valuable than raw ones are. They ARE more easily salable at a full value price since the pool of prospective buyers increases.
If one plans on holding a coin rather than selling within the near future the only reason whatsoever to keep the coin in a slab is personal preference. >>
I totally do not agree. It is more valuable in a PCGS holder. It shouldn't be, but it is. I have seen it over and over again. I see many reasons for keeping it in a Holder. Protection for one thing not to mention resale is another.
Tell you what, lets put two similar coins on Ebay. One in a problem free graded PCGS holder and the other exact coin raw on bid and lets see which one bids higher. The PCGS graded coin will get a higher premium every time. Because it's more valuable, reason being the coin is accepted and deemed problem free with a guarantee. It is not just preference of the owner.
The Capped Bust Half Dimes stay in the plastic
<< <i>
<< <i>Your right, if you crack the coin out of the holder then it's your opinion verses the next guys opinion. There is a market for PCGS graded coins. A coin can increase in value when certified. Coins from time to time do get over graded or under graded by Third party graders. That's when sometimes at auction a coin gets strong money or weak money for the coin. It also leaves room for a company like CAC to step in. The last year or so It seem PCGS has tightened up on their grading. Your seeing a lot more coins getting CAC stickered. I like my coins in PCGS holders, it gives me more of a peace of mind. I rarely crack them out. I think your softening the value of your coin when you crack your coin out. Plastic does add money these days. >>
Coins in PCGS holders are no more valuable than raw ones are. They ARE more easily salable at a full value price since the pool of prospective buyers increases.
If one plans on holding a coin rather than selling within the near future the only reason whatsoever to keep the coin in a slab is personal preference. >>
quote of the month.
<< <i>Something to keep in mind is that if you die it would be much harder for your wife/kids to get a fair value for your coins if they are raw. >>
I'm taking the raw ones with me. Some metal detector guy will be in for a fun surprise.
Lance.
this ^
To answer the OP's question, I break them out if I want to, and often do with certain coins so that I can put them in albums and study them naked (and so they can breathe a little). If I do, I take good care of them, like those before me did with almost all of the coins I own.
The value of the coin doesn't really change, but the marketability of it does. Like Baley, I am selective, cracking coins I believe in and that I expect to own a good while, but that I want to enjoy raw. A VF or EF Bust isn't too hard, nor is a Choice AU Seated or Barber. I'd probably not crack out a MS67 Mercury Dime or Washington Quarter (or many other coins) though, no matter how much I believed.
I mean, I may be crazy, but I'm not THAT crazy
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242