do ya crack then do ya slab

Started by ausjack, January 19, 2013, 10:30:40 PM

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ausjack

:scratch_one-s_head: so do I crack this sucker open and other mint sets and then do I slab them?? any thoughts, except trout :mocking: as we know his thoughts on crackin things open, ya knows I's luv's ya mate :give_rose: :blush2: :bye2:



A wise person knows there is something to learn from everyone.

enworb

Slab as in get them third party graded or put into 2x2s? I prefer to keep world sets in their cases personally.

markn

I don't think there's any value in getting those coins slabbed.  If it was me I'd leave them where they were.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

ausjack

Thanks team, so what's worth grading and what's not :good:

Getting slabbed/pro graded sorry  :blush2:
A wise person knows there is something to learn from everyone.

markn

Quote from: 'ausjack' pid='6799' dateline='1358624748'Thanks team, so what's worth grading and what's not :good:

Getting slabbed/pro graded sorry  :blush2:

That's a tough question.  There's three reasons why I get my coins graded (and I don't actually get that many graded).

Reason 1

Purely commercial.  I believe the coin is a top grade and it will be easier to sell and likely to realise a better price if graded.

Reason 2

Long term protection and grade assurance.  I believe valuable coins are best stored long term in slabs.  Sure they are not air-tight but they are protected from mechanical damage.  The grade assurance side of things means that if I cark it tomorrow and someone needs to sell my coins then they are not going to get screwed by a dealer trying to tell them that all my UNC coins are VF.  PCGS are not perfect but their grades are a great starting point for the value of a coin.

Reason 3

Because I just have to.  This is the worst reason of all, it just costs me money for no reason.  But some coins I just get slabbed because I want to see what grade PCGS will give them.  I know when I do this I am probably burning $$ but what the heck I need to have some fun sometime.

So, Ausjack, looking at your Samoan coin set above.  It's not a big dollar set of coins and they are readily available.  So I believe that knocks out Reason 1.  They are protected in their case and they are clearly high grade so I believe that knocks out Reason 2.  So that leaves Reason 3.  Sure get them graded if you like but it'll cost you nearly $200 to do so.  Which I believe is at least 1 multiple more than your coin set is worth.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

robbiegal

I get the hubby to handsaw the arcylic holder apart - often the cases are scuffed and look crummy

then, with cotton gloves that leave fluff on the coin , I pop them into either safflips or into an eagle mount holder

i most of my proofs that way & like 'em as I find the cases often ugly &  cumbersome for storage

ps I am someone who enjoys holding the weight of the coin itself and when they are in holders I do like to feel the texture of the design - like feeling the tail of the roo on pennies. I have trouble with the pcgs slabs and am often tempted to crack the coin out as it is in what seems like another dimension to me

ausjack

Thanks heaps for that Mark :good: one day I'll be on the right track with all this and then watch me go :dance2:

:scratch_one-s_head: your hubby wouldn't happen to be related to trout would he RG :mocking: But I should get some gloves as well and also love the feel :blush2:
A wise person knows there is something to learn from everyone.

enworb

If the coin is worth less than the grading fee then youve gotta ask twice

robbiegal

Quote from: 'ausjack' pid='6851' dateline='1358684912'Thanks heaps for that Mark :good: one day I'll be on the right track with all this and then watch me go :dance2:

:scratch_one-s_head: your hubby wouldn't happen to be related to trout would he RG :mocking: But I should get some gloves as well and also love the feel :blush2:

get some gloves possum
you can get coin ones - they are the ones that leave fluff & they are raw cotton - so are an off white/straw colour
i also get the ones from woolies or the IGA - white only about $2 tops for a pack
i never sort dirty old coin lots without them now'
for nice pretty coins i use clean gloves and there is no worry of fingerprinting
i never ever touch a good coin with bare hands - not even the decimals
if you don't have gloves then have your hands squeaky clean and only handle the coin by the rims :)