6 Reason NOT To EVER Buy Slabbed Coins
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- Опубликовано: 3 июл 2024
- 6 Reason NOT To EVER Buy Slabbed Coins
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Sonically sealed can be simulated with solvents. Most of these plastic cases are made from styrene. Mek can be used to fuse the case. It will look like a sonically welded box. I think weight might be one of the best ways to check for a fake clamshell. Next use a caliper to measure the case and coin placement area.
How to fix the industry? Use plastic formulas with a trace element in the mix. Would make testing easy. Change the formula every year or more. Make serial numbers cross reference that trace marker. So many things that can be done. Easiest way to talk them into changing is pitch it to them as another service a person can buy in advance of getting a grade. Case marker verification. Have a overnight authentic check service. Makes it easy for the seller to ease someone’s second thoughts.. also let the grading company make some scratch on the side.
Hi @CounHelpu I am getting into NGC coins what you think or just stay away from them thanks
@@jamesdisney647 Use the coinhelpu community the link is in the description of this video.
I prefer my coins graded in slabs mainly because I know exactly what they are worth and I have a solid starting point in negotiating the sale of the coins. Plus the added advantage of the coins being protected. And I’m not a fan of toned coins whatsoever. Raw coins are fine and I have a lot of them but it’s anybody’s guess what they’re worth without a 3rd party grading service certifying them. NGC is my favorite because I like their holders the best but I have my share of PCGS slabs too.
Your slabbed will tone and then what, value drops
It's a lot of thinks you need considering before You Buy a coin no matter what if is graded by pcgs por ngc.
Not because the pcgs, ngc holder say that the coin it's in a ms64 You will pay the price. Espacially if You Buy a rare coin.
Ejample : if You Buy a common Morgan cc ms65 low end probably You are pay for a ms64 high end cc.
But the pcgs company give a ms65 beacuse de eey appeal not because it's a ms65.
Thats what we call over grade.
They are more conservative when they grade a rare coin .
Thats why i allways Say ,Buy the coin not the holder. It's a lot of places (like this chanell )
You can learn to spot a well graded coin.
Toned coins are absolutely beautiful! You’re crazy!
The price paid for being greedy? Why are Whyte ones so ever-loving greedy and full of covetness?
@@roystroble3354 added value
Morning Daniel! Before I started watching your videos I made some of these mistakes when I first got in to coin collecting. Now I have the best teacher. Thank you again my friend!
RIGHT ON THANKS
Thank you
Dan is awesome let's giving some buys even if you make a small purchase Let's help this guy out
I was lucky enough to find three of good truthful local coin dealers to keep me out of trouble in my beginning looking for slabs. You would have been on my list.
Hey Daniel thanks for taking your time out to educate a new generation of silver stackers. Really appreciate people like you bud
NGC is my favorite slab atm. They take pictures of every coin and you can compare the picture to the coin you're looking at buying. That's a very nice feature.
That’s not true plenty
Of coins in the market that ngc failed to take pics of!
Ngc is only about ripping off the consumer, by charging for photos, when they should protect the consumer! Call ngc tell them to protect the customer!
Yea only a couple of myn have been photographed.
Neil I totally agree with you but that doesn’t stop me from burning down Atlanta
You should worry more about being a traitor with that racist flag
I've been coin collecting since 1982 - slabbing is for amateurs!! Get a decent coin book, and learn how to properly grade a coin!
As always great information. Thanks for stopping by the auction last night. Have a great day Daniel.🙂
It is a shame that there is so much scamming in the coin collecting world. I would imagine that any item that is collectable has the same issues. It is important to learn as much as possible about what you are collecting and hopefully avoid getting ripped off. Thank you for giving us so much information. It shows the integrity and honesty that you have. Shows how many do not.
Unfortunately its an occupational hazard and always has been just pays to stay sharp.
The same thing goes in the precious metals world. Especially bars in assay cards.
Great content as always, thanks for taking the time to lay all of this out for us!
Thank you for taking the time to teach us!💕
I am sincerely happy you are well and continue to teach us.THANK YOU ❤
Excellent video! I had never looked at it this way before, but my eyes have now been opened.
but my eyes have now been opened. Yeah. Dan Yell is fulla u know what.
Ty you for all the great videos and info, keep up the good work
Thank you, Daniel! Great message!
Daniel, you are providing exceptional education and value to us. I'm binge watching you this morning to catch up.
Great video! Thanks for the info. I'm a new collector and there is a real strong draw to go for slabbed coins (even over buying directly from the Mint) to be able to assess coin values, especially for resale or to help educate those who may inherit them. I've seen your video regarding AI software to grade coins. I do hope that the industry goes in that direction.
Great video, I'm new to collecting and this information helps me immensely . Thank you so much.
Excellent informative tips for a beginning collector to should watch out for. Thanks David.
appreciate your candor, learning alot thank you
Excellent advice. Never thought of that. You are the best coin teacher/ dealer on this platform.
Thank you
Thank you for that information... great video!!
Ty Daniel for sharing your thoughts and knowledge with us ALL. I appreciate your time. HUGS and blessings for ALL
Thank you!
I like buying graded coins if they are a key date that may be faked or overgraded. Always educational Daniel. Thanks for the great videos. Your collaboration with Robert of CoinOpp is fantastic. Now we need a video on the top reasons to buy a graded coins.
Thanks Daniel for the video. You do a great service for this community
Thanks for the info. It is very valuable.
Great info bud. Thank you
Expert advise is always appreciated. Thank you for your contribution to the community 🙏.
Why you should buy slabs.
Premiums.
$38 ASE BU
$40 slabs, random years ms69
Great video and advice as always thank you
God bless
Another good one Daniel! I rarely purchase slabbed anything! There are times when I am discouraged with the Hobby.... I love coin roll hunting and attending LCS/ Coin Shows. Auctions and Trading are cool as well. Indeed there are just as many good/ Bad coins as there are good/ Bad people LOL. Thanks for sharing!!
Is is possible to find anything doing roll hunting? My experience is that there's nothing there.
Thank u. I'm new to this awesome stuff
Most people who buy coins don't really know the value of an unslabbed coin. They increase the value of higher end coins and it's hard to sell an ungraded coin over 2x gold value or 5x silver value or more than $200 on base metal. But for me, the biggest problem with graded coins is simply the extra cost that has to be added to offset the cost of grading. If you are buying the coin for the coin, then buy the coin. Slabs are used to hoodwink buyers into buying the markup unessicarily. Whereas from a business perspective it makes sense because that is where the market is, you still are forced to upsell the holder and not the coin.
Great Stuff Daniel w/ some good humor thank you for sharing your time and knowledge! have a Great Day!!!
Thanks and you too!
Thanks for all the good info
Thank you, great information
This was very informative. I'm sure you are appreciated by many many collectors.
Thanks for sharing you knowledge.
You raise good points in your video. Thanks for your input.
Thanks for the video Dan
GREAT VIDEO DANIEL KEEP UP THE GREAT WORK MY FRIEND
NGC and PCGS grades are WIDELY accepted. The vast majority of the coin buying public won't question a grade from one of these two companies.
And their websites should confirm that the slab and coin match. That's no guarantee the slab isn't a perfect copy, but it's a good start.
@@richardweil8813 i was under the assumption toning value was based on the buyers preference that there was no set value for tones unless toning indicated damage or cleaning.
@@richardweil8813 your point bears repeating “there’s no guarantee the package isn’t fake” up and until you check on the website, personally. I’ve seen very nice fake Rolexes, but they can’t even come close to faking the packaging, go figure
Sometimes the older slabs even get a premium because people say they graded more conservatively back then.
So what might have been given an MS64 grade back in the 1980s might get an MS65 today.
Sometimes that one grade can increase values by ALOT of money.
No company should ever go unquestioned, regardless of their reputation.
thank you for All you're advise.
Thanks for the information.
Great info man, I'm currently collecting Slabbed ASE's, really like em'! Appreciate the heads up on this stuff...
What is ASE
I was about to comment asking what you may be smoking... and after watching it I want to commend you on a great video. Knowledgeable and absolutely spot on!!
I'm wanting to know. He's high on sumpin.
Thanks for the teaching moment Daniel good information
Hmmm, interesting. Just finished watching Silver’s video n I never thought of all what you said. Thanks for the info., lots to watch out for.
Great Video, very helpful!!
"The reason isn't because they fall over" 🤣,🤭. I like that you have got comfortable doing RUclips videos and have a sense of humor!
I bought some 1961 sets off your website, nice inventory! Can't wait to get them! I'm going back to see if you have a newsletter for new products, if not you should👍.
Thank you and yes I do have a newsletter.
Very helpful information as usual. Thanks again Daniel.
Great video !! I think a slab would be safe for a more expensive or rare coin you can’t always tell if buy photos I have seen quite a few nice coins and zoomed in on label to find out it’s been cleaned improperly
You threw me a curve. At first I thought you were just going to say to stay away from slabbed coins period. I can understand and agree with your 6 reasons.
I love slabbed coin too! Hate scratched holders! Awesome video!!!
Great video, very informative! 🤗👍🤘
Very helpful video. Thank you
the "international numismatic bureau" the slabs with the green tags on white foam; those tags can be easily removed with a heat from a hairdrier or a better a heat gun on low (300-325) the tag will go all black then it comes right off.
Wow I've watched 2 of ur video's and learned so much thank u.
Good one Dan. I just love coins in all forms!
Thanks! I’m a brand newbie at touching coins. I actually took a hammer to a slabbed coin trying to break it out so I could place it in an awards type gift box. I stopped and decided to check your videos out before going any further. Gosh I’m such a dork. Well it’s a gift to my son; I’ll just give him my untampered one. No harm no foul. Thank you for the lesson. If I would have broken the case open, what would that have done to the authenticity or certification of the coin. All bets off?!?
Awesome Video Daniel, you rock thank you!
Anytime! No explosions but I leave that up to you!
@@CoinHELPu LOL fair enough :)
Silver Seeker I watched your video and Daniel's video tonight. Fair perspectives from both of you guys, slabbed v unslabbed. Lol
There's always going to be a time when we must decide to choose between buying a slabbed or a raw coin. It was interesting to hear the different reasons you guys gave in your respective videos.
Thanks Daniel and Silver Slayer. 👍🏽👍🏽
Thanks for the tip
Thanks Daniel , yet more info from you and did find a 1965 nickle with 2 Ts at the end of trust , I look at 1000 coins a week being disabled and collecting for my grand twins, have sold some n collected more great coins due to your video,s ,
Excellent Video Message Advice. Thank you. Out.
great info!!! thanks
I should have seen this 10 years ago, but as stubborn as I can be, I likely would not have listened anyway.
Great video!
LOL, well I would vote for you Daniel. I agree with you on slabs. I like some and others I don't and I like raw coins best. Great video and thanks for info and links which I will have to check out.
I love my pre 33 gold - I bought them from APMEX - I sent them myself to NGC I have sent many dozens of coins - all graded what APMEX said they were often higher. I like that there is never any question what my double eagles are.
Useful info .
Thank you for sharing Daniel. I personally, like slabbed coins. I currently, have three slabbed coins. I am gonna get more soon. Some people like them. Some people don't like them. 👍 your channel. 👍Silver Seeker's channel.
Morning Daniel!!🍵 Ur in fine form today!😊 I like having my key dates in slabs, but you forgot to mention that slabs make one's albums too lumpy, yuck, yuck!!🤣
Do they make albums for slabs?
@@davidho2977 Yes!
@@davidho2977 Try Lighthouse Coin Supplies.
I had one, the salesman from Gold Bureau told me this was a rare coin and it would go up in value. I have a lot of silver, but I could never get a true value on what that coin was worth, I only knew what I paid for it. I ended up giving it to a friend for his birthday, I will stack for the spot and be happy with that. I like knowing what my stack is worth at any given time. I paid $141.00, it made a nice gift.
Brilliant thanks.
Thank you so much for all this great information I'm a knowledgeable coin collector now and it's all because of you thank you so much sir
You're welcome
Thanks for the info.😁
My guy Daniel. Love this one bro!
Thanks
Take a MS70 coin graded by one of the top tier companies and compare it to their MS69 coin and tell me the difference. And if the coin is scarce or rare, the point differential value can be enormous. I've been collecting error coins and you see people selling a common coin and listing it as rare. I know the difference but there are a lot of relatively new collectors who will pounce on the ad. They can't do that if it's slabbed. Good vid, although you are throwing around terms like dimple, etc. that could confuse new collectors.
If you were going to slab coins, shouldn't the slab be filled with inert fluid (like clear oil) to keep the coins from oxidizing?
i.e., to keep tarnish/toning from affecting the silver and especially for copper where RED will turn to BROWN.
Wow, that’s low, people making fake slabs! That’s my security blanket shredded! Thanks for the info, but how can we verify? How do we know?
I check NGC and look up the number on the slab. I dont buy them often but I pick them up if I see a good deal.
Yeah I got a good friend, he has been a coin dealer over 20 years that got burned, about 5 years ago, on about 20 fake slabbed common date mercury dimes , he showed me, he said since they were common dates vs key dates , he let his gaurd down and failed to inspect them as closely as he would have if they were key dates.....I think he lost about $120 bucks or so on that deal.....I have not forgotten that
@Blake no doubt. I picked one up from Ebay and it looked like the label was a fake and the coin had a huge scratch on it. The seller told me that is the reason for the MS69 lol. Sorry but it doesn't work that way so just return my bread.
@Blake Luckily it's getting harder. PCGS now has NFC built into all new slabs for extra verification.
@Blake I mean right, that's why I said "it's getting harder". Gold Shield has been around for a while, and both NGC and PCGS have photos of coins for a bit extra for quite a while. Fakes are usually pretty easy to spot. I've only been paying attention to coins again (for the first time since I was a kid) for about 6 months, and I can pretty easily spot most fakes they show in vids, even for coins/products I've never seen before.
I like slabs but usually ngc pcgs since I can verify the coins on their sites it nice to have a verification of a error or variety. It also helps with no overpaying as most gives estimates on value that you can use to bid or barter the price
Thanks for the info. I like slabbed coins too.
Definitely approve of you.
Thank you
Good video, thanx👍
Great advice
Nice and informative Video
Best wishes from Germany.
Just left a comment/message on another video asking if there is a way to scan a barcode on a nongraded slabbed coin from a well known buisnesses? like the Bradford slabbed coins?
Great Video my friend,you've giving me so much useful info on so many different subjects in the coin collection world..!!!...Keep them coming..!!!
No, there's no way to scan, not a real grading service. Thanks!
Sound advise. BRAVO ZULU
Agreed, as always. Thanks Daniel
Right on man cool video
Great video
I assembled a set of PR-66 Liberty Nickels 20+ years ago. I have watched them steadily decrease in value over this time, one, because the market hasn't been great for non-gold or non-silver coins AND two, they are finding more high grade coins that increase the population and decrease the value. I do believe there is a fair amount of "churning" where folks are removing coins from slabs and resubmitting them, which increases the population count (but not the actual population.) And, my pretty PR-66 coin is nice but it isn't CAM or several of the other new "premium designations" that are popping up. So, they remain in the bank vault for some future generation.
That's too bad but these sets can be cyclical and return to popularity; a long view is frustrating though. Classical silver commemoratives (1892-1954) collapsed from their highs in the 1980s but may be coming back. If you set includes the key dates (1885, 1886, 1912-S) those should hold up over time.
I’ve always been somewhat skeptical of some of the big name coin sellers grading their coins. Maybe over grading them to make a sale. This confirms me suspicion that it’s true. Thanks Dan. Great video.
Thank you Daniel . I like Slabbed coins . I have made more money buying raw coins and cherry pick the best ones to have graded . I agree the grading companies need to catch up with the times and have better grading standards . So we don't have over graded and under graded coins , which make a Big price difference on key date coins . I hope everyone has Great Luck Buying , Selling and Collecting coins .
Paid $1,050.00 for raw Huguenot Walloon in 1985 (dealer graded ms-65). Had it sent in for pcgs grading 1988. It came back a ms-66! Sold it to the same dealer I bought it from for $6,000.00. Would like to hear other collector's experiences.
Freakin awesome!!!
I only buy slabbed coins (or coins from the mint and send them in for grading), but I do agree with a lot in this video.
I do the opposite. No slabbed coins in my collection but i live in Switzerland and slabbed coins are not popular/common in my country.
I bought two proof slabbed pennies at a local antique shop, a 1958 and a 1960 wheat. Unfortunately the 1960 shows no signs of doubling but I'm still happy. Both are NGS certified ms 67s and plan on keeping them.
Excellent
O and I just sent my 1st PCGS raw coins off, and I am like you I would prefer that it be something I found, that I like, and it's my coin looking back at me through that slab rewarding me for my coin roll hunting efforts 😊.
Good morning Daniel! To buy or not to buy slabbed coins is the question! Everyone is different! I buy slabbed coins for the reason that they will always provide the best protection for the coins. If its good enough for the serious collector, it's good enough for me! Your most expensive and rarest coins are in slabbed holders in the highest grades!
I learned my lesson on an anacs 1889cc, they were very rare, couldn't even find them except in ag03, so I bought this from a dealer online I had good luck with previously. well I dropped it and the slab just popped open and a week later they started popping up all over in roughly the same grade in ANACS holders, I've had it for years, I guess it's about to send it in to see if it's even real.
Thanks Daniel, I approve this too.
Nice exploration of slabbing... mention of breathing and sneezing is an interesting one, especially when watching video of NGC graders at work without masks! How is that happening? I've owned slabbed coins for decades, and when I purchased them they were GEM, and now all these years later they have spots, clearly they were breathed upon, either by the original owner or the grader. The coin dealer from whom I regularly bought coins back in the day warned me of this, so if possible I try to buy coins slabbed many years ago. I do wonder how many years after being slabbed a coin can reasonably be declared SAFE from the potential for spots showing up.
Guys like you and Robert Lawson are bringing integrity and sanity into the coin collecting world! Nice video, great info!
Thank you
I agree, Daniel & Robert both have taught me more than everyone else on the web and off. When I have a question I don't go looking around for answers, lord only knows what you'll hear. I just go to CoinHELPu and chances are Daniel already has something on RUclips about it. If not I'll check out Robert, I would almost bet one or both of them has plenty to teach someone willing to listen and learn.