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For all the "crackers" out there: What do you do with the labels?
doh
Posts: 6,457 ✭✭✭
I've read many posts about keeping coins in slabs vs. freeing them. For all those who crack them out for 7070 collections or just because you don't like your coins entombed: do you keep the labels with the TPG grade? If you keep them, do you display the labels anywhere or do you stow them away until it comes time to resell? Along with that, do you feel the label will help you resell the coin? Thoughts and opinions, please.
Positive BST transactions with: too many names to list! 36 at last count.
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Some people send their labels back into the TPG so they can update the Pop reports, and I think there is a royalty of about 50 cents per label.
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When I do crack.....no, when I do crack the SLABS, I usually put the labels in a flip that I keep with my 7070. I've never sold a coin yet that's come out of my Type Set, so I don't know if it will help the resale value. I'm guessing it will, assuming that the person is trustworthy and not known for swapping coins. Sometimes I take pictures of the coin IN the slab first before I crack it just to visualize the coin in the holder with the Cert. #. Usually coins will have distinct markers on them to let the next buyer now that it was the same coin that was in the holder.
wes
Too many positive BST transactions with too many members to list.
<< <i>I prefer to be called a "biscuit"
wes
Too many positive BST transactions with too many members to list.
Jerry
i sell mine to china!
<< <i>Didnt Russ have a picture of a bunch of cracked out slabs? >>
Russ, NCNE
PCGS used to offer a 50c bounty on such returns and I truthfully do not know if they still do that.
I recently sent 4 NGC labels back to them with no response.
Same scenario with ANACS.
Personally, my feelings on hanging on to the label after you crack your coin for the Dansco is a futile attempt at adding value to a raw coin. I'm not saying that the coin no longer has value but what I am saying is that given the subjectivness of the grading arena, whats a 64 today could be a 63 tomorrow or even a 65. If you're going to crack your PCGS coins for your Dansco's, send the label back to PCGS. If the coin needs to be sold, it'll sell on its own merits and the Pop reports will be 1 coin closer to accurate.
The name is LEE!
For the people who throw their labels away...instead of tossing them I would be happy to take all PCGS and NGC labels and reimburse senders for postage.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>I recently sent 4 NGC labels back to them with no response. >>
I've never gotten any response either, but they do adjust their pop reports, and they do so much more quickly than PCGS. (Yeah, I check).
Russ, NCNE
On high pop coins I don't bother.
And on second and third tier TPG crackouts, I trash them immediately.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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stow them away until it comes time to resell
which will be never, the coin is what it is. either in a slab or not
<< <i>I sell my labels to plastic engineers in China
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
<< <i>stow them away until it comes time to resell >>
Once you crack a coin out of a slab, the label is worthless since it's impossible to prove a specific label belongs to a specific coin.
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
roadrunner
<< <i>
<< <i>stow them away until it comes time to resell >>
Once you crack a coin out of a slab, the label is worthless since it's impossible to prove a specific label belongs to a specific coin. >>
Not if you take some good photos of it while it's still entombed.
<< <i>
<< <i>
<< <i>stow them away until it comes time to resell >>
Once you crack a coin out of a slab, the label is worthless since it's impossible to prove a specific label belongs to a specific coin. >>
Not if you take some good photos of it while it's still entombed. >>
Doesn't matter. There is no guarantee they will slab at the same grade if they are resubmitted.
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>I eventually return them to their respective grading companies of origin.
For the people who throw their labels away...instead of tossing them I would be happy to take all PCGS and NGC labels and reimburse senders for postage. >>
What's the point. The numbers are so far from reality at this point, it doesn't matter.
To answer the original question - I have the labels and cracked slabs in a box. Some day, when I decide to sell my 7070 coins, I'll put them back in the holders and glue them back together