Any reason not to break my coin out of a holder - rookie needs advice!

7of9 · April 12, 2011 11:05AM

So a few years back I received a cash gift to buy something nice so I bought a $25 gold eagle PCGS MS69 2003. I simply ordered it from an online dealer not really knowing much accept it was the right price. Is there any reason to keep this coin slabbed? I assume the value will never really go higher than spot, or am I wrong on this? It also has some minor spotting on the reverse. I think it would be fun just to be able to hold it raw (I know, bare hands but again I am thinking I only have melt bullion value here).
Advice would be appreciated. Thanks!

pontiacinf · April 12, 2011 11:06AM

leave it till you plan on selling

LindeDad · April 12, 2011 11:11AM

Even though it's bullion it is accepted more readily as real and known value in the slab also brings slightly more money.

lkeigwin · April 12, 2011 11:17AM

It's a bullion coin so it is never going to be worth a lot more than melt. Perhaps $75-100 today? So ask yourself if you'll get that much enjoyment out of holding it, sharing it, flipping it on a bet.

I'd much rather have and hold raw coins. But obviously cracking is a pretty dumb thing to do with certain coins.
Lance.

Frankiefanatic · April 12, 2011 11:21AM

crack it

enjoy yourself

TomB · April 12, 2011 11:21AM

If you break it out you will be left with a piece have decreased liquidity and likely worth less money, too.

ModCrewman · April 12, 2011 11:28AM

Not sure a piece as recent as that is subject to much counterfeiting; but I'd guess it certainly could be with all the stuff we're importing these days. Thereby the slab provides the added value of guaranteed authenticity.

BigE · April 12, 2011 11:30AM

Just buy another one

-----BigE

TheBigB · April 12, 2011 12:16PM

My experience locally is that bullion in plastic is not more liquid. Many dealers and average investors do not want the plastic.

fivecents · April 12, 2011 12:21PM

In the PCGS MS69 plastic you can get a higher premium when you sell. If it was MS68 or lower graded not so much.

mkman123 · April 12, 2011 2:36PM

I think you should leave it in the holder and collectors will snatch up a bullion coin in the holder faster than a raw one.

7of9 · April 12, 2011 2:50PM

Thanks everyone for the comments.

PerryHall · April 12, 2011 10:14PM

I never understood why some collectors feel it's necessary to touch their coins in order to enjoy them.

OKbustchaser · April 12, 2011 10:25PM

<< <i>I never understood why some collectors feel it's necessary to touch their coins in order to enjoy them. >>

And I never understood why some collectors feel it's necessary to have a translucent hunk of plastic obstructing their view in order to enjoy their coins.

Different strokes.

notwilight · April 12, 2011 10:35PM

I have graded lots and lots of gold eagles over the past few years resulting in the generation of many MS69s. Occasionally the MS69s have added value. This is not one of those occasions. There are 374 70s and 17,000 69s. the 69 slab doesn't really add any value unless you find someone who just happens to want one and he may give you the $14 grading fee on top of the price of the raw eagle. What I do find, however, is that slabbed 69s will sell more quickly than raw coins. (I remember selling box after box of 2006 W 69s for $700 each when gold was $650 ish).

But if you want to crack it out you're risking at most a few $ and a little slower selling when the time comes.

--Jerry

ambro51 · April 12, 2011 10:41PM

Perry I see your point when the coin in question is something like a XF large cent or a AU double eagle. But, you know as well as I, one finger swipe and a set of hairlines on those mirror fields and you may as well just chuck that coin into the melt furnace. The slab in this case is a protective case.

ricko · April 12, 2011 10:51PM

It is your coin, do what you want. Enjoy it in hand, or admire it in plastic - your choice. Everyone has an opinion, only yours really matters. Cheers, RickO

jmski52 · April 12, 2011 11:53PM

The 2003 in MS-69 doesn't have a premium, and the spotting on the reverse isn't a good development. At this moment, I don't see any downside to cracking it out and enjoying the coin. It's not like you are going to use it as a golf marker. I say, "do it".

I've had PCGS plastic attack an AGE that had been stable for over 15 years before it went into the plastic. The spot review "process" took care of it, at the expense of the nice patina which is no longer on that coin. The plastic isn't protective in every single case.

I don't see the plastic as a value enhancement in this instance, and I don't see any decrease in liquidity if it were a raw coin rather than a slabbed one. Maximum risk = $15.

IrishMikey · April 13, 2011 12:31AM

Congratulations on a rather astute purchase -- if you bought it years ago at a small premium
over gold spot, you have done quite well on a small investment. If you want to crack it out,
for whatever reason, crack that baby! Be careful not to damage the coin or get a sliver of
flying plastic in your eye. A local dealer can show you how to crack the holder, if you are not
sure about the procedure.

Any reason not to break my coin out of a holder - rookie needs advice!

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