Options
Question - Does anyone crack out some of their coins just to store or touch them?
jmski52
Posts: 23,238 ✭✭✭✭✭
Just curious - I crack out some coins just for ease of storage, and sometimes just because I like to handle the actual coin.
I've already got the grading opinion on a label that stays with the coin, on some Modern Bullion the label doesn't add much marketability or value when re-selling (as many premiums have disappeared), and in some cases the coin is more marketable in OGP anyway. (If push came to shove, you can always re-submit.)
For Registry purposes, obviously you keep the coin in the slab - but don't you get some sheer pleasure from actually touching the coin, the heft, the closer inspection of the design, etc., etc.?
Just sayin'. 
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
0
Comments
AHH, to hear again that cracking plastic shell.
I have, I do, and I will again.
I prefer my gold coins raw.... I do have quite a few in slabs though... those mostly have numismatic value (as opposed to stacking), so I keep them slabbed. I have more than enough to enjoy outside of plastic...well, maybe not more than enough...
Cheers, RickO
I ve got an indian head cent set in UNC in a dansco album where every coin was cracked from a slab. The only exception is
the 1877, 1856 FE and recently a 1909-s.(left them holdered) (the 09-s I bought back from a customer, which I liked better than the previous coin I had) I resubmitted the old one and sold it via ebay.
the three I mentioned are all photo sealed and cac'd. the 69/69 was also, but I cracked it while back
Wh not? Everything is so solid and consistent that you can always get them back in a slab with no problemo.
That’s one of the reasons I’m doing a 7070 as a side project.
When it comes time to sell them, are you going to get them re-slabed or sell them raw?
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 have 2 toned Dansco Jefferson Nickel albums where the criteria is less than 80 dollars per coin. Some have been cracked out some raw.
[Ebay Store - Come Visit]
Roosevelt Registry
transactions with cucamongacoin, FHC, mtinis, bigjpst, Rob41281, toyz4geo, erwindoc, add your name here!!!
Lots of EAC guys cracked a lot of coins, I don't know if that's still happening. I have quite a few that aren't slabbed, but I didn't crack them.
Yes. I used to crack coins out regularly. Now, given the price differential between similar unholdered and slabbed coins, the dollar loss is not worth it to me.
If I want to heft a coin, I look for one sold raw.
Sure...a lot of sub ms63 morgan dollars. They were made for the poker table, not a plastic box locked in a vault.
Boy, I have the same urge. But then I start looking at raws (?) and calculate what I could buy slabbed for the price of a 7070 fulla ....new... coins (I ain't crackin for an "album") I change my mind mighty pronto.
having had access to nearly all of Mrhalfdime's capped bust half dime collection, I can tell you he certainly did crack out most all of the slabbed coins he bought. He weighed each of them and measured their diameter too.
Back before we had edge view holders I cracked a PCGS MS62 $10 Indian just to see the incuse pattern in the rim. Getting it back in a slab was not fun; I got questionable color, ms61, etc. It ended up in an ATS slab before resale.
I also cracked several late date Mercs for an album, and after seven years I decided that MS67s were just too nice to fill cardboard holes. I was shocked to get them back from PCGS with many at lower grades, including one that dropped by two to MS65. There were some changes in FB designation too, both in my favor and not.
Today, I’m still cracking the occasional widget to fill albums, but I think I’m wiser. For one thing, I prefer to put non-PCGS brands through the bandsaw.
Yes, holding a $50 Humbert slug without plastic was the main reason I bought one.
Only if they are in ANACS, ICG, PCI, or SEGS slabs... Heck, a plastic flip keeps off the finger prints too and I can assign a realistic grade to the coins.
got 1932 quarter i want to crack out its a au58
My 7070 is for lower grade coins that I don’t have to worry about handling. People enjoy it much more than museum pieces in slabs.
Crack it out and dip it and it becomes an MS63.
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
Does cracking out coins to overstrike them count
No, but I have some "details" coins that are more marketable outside of the holder than in it. I will definitely crack those out eventually when placed for sale.
I don't personally do that but I know there are probably a lot of collectors who do. we were at show once and I guy was walking around trying to sell a Bust Half-Dollar set he had in a Dansco. some of the coins were beautiful and about half had come out of various TPG holders,
Most of the large cents in my Dansco (complete except for the '73 capped) were cracked from slabs. I've had them for years and enjoy them raw.
Someday, when it comes time to sell, I'll probably have the majority graded.
Lance.
I keep my medal collection in drawers designed for them. Only occasionally do I find one for my collection in plastic, which I promptly remove. I suspect there are many who the same with US coins when the financial risk is relatively small according to their own standards. All my US coins are in slabs and will stay there, wish it were otherwise.
It's because of practices such as this that I avoid raw coins.
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 buy and crack out common, nominally valuable, and duplicate coins to put in or complete albums. I prefer seeing, examining, studying and imaging raw coins in my collection. Obviously, I am not a registry or a high-end collector. Slabs are nice for preservation or keys but strike me as being "cold". On the other hand, a completed Dansco or Capital Holderalbum is a "warm fuzzy" group. I do have albums for my slabbed sets but it is just not the same. Each coin stands alone and does not play well with others.
These aren't US coins and I disagree with both NGC's and PCGS' definition of "market acceptability" on occasion. Sometimes I agree with them and other times I do not. My intent (IF I sell these coins) is to consign it to a non-US auction house who may "net grade" it, depending upon their opinion.
I have mentioned this before but both NGC and to a lesser extent PCGS (since fewer of these coins are in their holders) must use a US centric view of "market acceptability" which may or may not reflect the preferences of non-US collectors. I don't see how anything else is possible given the possible wide range of likely preferences, such as for untoned coins which used to predominate here. I also don't even know if it reflects the perception of US collectors who buy these coins, except to the extent that these buyers default to TPG standards.
It's one thing to "details" grade damaged coins or those with "noticeably disturbed" surfaces. Same applies to most US coins with minor problems which are common or very common. It's another to penalize coins such as those I and a low number of others buy where these "details" coins are both among the best available and there isn't anything really wrong with it, other than NGC or PCGS declined to give it a numerical grade. In my primary series, it isn't unusual to see blast white coins numerically graded (mostly in NGC holders) which I think most US collectors would consider inferior to both some lower grade and "details" coins.
perry,
I will probably have to reholdered most of the substantial ones I suspect to get the money back out. Some of the cheap late dates maybe not so much.
Cracking coins and tokens and then re-slabbing them when comes time to sell can get very expensive. There is not only the out of pocket expense but also the risk of getting lower or no grades the next time around. I had been “slabbing” my better coins for years in custom Capital Plastics before slabbing started. Therefore I never missed not be able to handle them.
I would love to crack most of the political tokens that I purchased in slabs, but it’s not worth it. I prefer to have these pieces in my albums for just to have the varieties lined up side by side. More and more of these pieces are slabbed nowadays, so I know i’m throwing money away if I crack them. Therefore they stay in the holders.
No as that would be akin to playing Russian roulette when it comes time to sell.
Some of the coins in my 7070 album have been cracked, many from third tier companies such as NNC and ACG as well as a few details coins. I kept the details inserts with the album and those will be sold and described when the time comes to sell as they should be. But for the most part if I want a raw coin I just buy it that way as opposed to paying for the slabbing and then throwing away the holder.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Scuff it up some with some larger hits, add some odd, disjointed colors and it may come back as a 67 "Supernova".
thank you
I have cracked quite a few to fill my Bookshelf albums. A short set of 65's and 66 Walkers is eye candy to me, and won't without breaking the bank. I also filled an uncirculated albumn of Washingtons with MS63 to MS 66's with about half-mostly the 1930's crackouts. Nice to look at and show. Nice mid-grade Washingtons are almost at give away prices these days imo. I do have a few MS 67's that I will keep slabbed though!
For me, it depends on the collection. My type set is in a 7070 album and I've purchased both raw and slabbed coins for this set. Most are XF to AU coins, so we're not talking huge sums of money here... relatively speaking. I've seen numerous threads about "buy the coin, not the plastic" and this is good advice. However, doesn't it call into question the validity of TPG grading if your sole motivation for not wanting to crack a coin is due to the potential downside of not being able to get it reholdered at the same or better grade? Perhaps this is just the collector in me.... and, that said, there are a number of coins that I'd buy holdered, and keep them holdered... key dates and heavily counterfeited coins spring to mind...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Widgets, yes. Serious coins would be stupid to do that IMO.
Wonder what future museum displays will look like after people donate slabbed rarities?
Back in the late 80’s, early 90’s, as I was starting to build my Type Set, I cracked them out to house in my attractive Capital holder, saving the certs and having NGC “PhotoGrade” them (at that time they did this for PCGS coins too). I figured when the time came to sell, these documents could help get them regraded at those same grades. Ha! Lesson learned. However, I got lucky, and did make out OK, when I submitted all of the “raw” coins in 2013 to PCGS for grading. A few came back lower, a few higher, but as best as I can recall, many came back the same grade. The best upgrade was my Seated Dollar, which went from AU55 to MS61. When those coins were originally purchased, my disposable income was less, so all of the coins were purchased for three figures each (thank goodness). I would never recommend this!
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
I have never cracked anything out, but I do not own many slabbed coins either. I do remove them from 2x2 and OGP just to hold the original coin, occasionally. The ring of a big fat silver dollar on a table is a shame to have largely been lost in today's collecting realm.