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.
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.
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.
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!
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.
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.
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!
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.
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.
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.
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!!
"The reason isn't because they fall over" 🤣,🤭. I like that you have got comfortable doing RU-vid 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👍.
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.
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. 👍🏽👍🏽
@@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.
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.
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!!🤣
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 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.
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!!
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.
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!
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.
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
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?!?
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.
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.
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 .
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.
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.
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 ,
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 RU-vid 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.
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.
Question: Not slabbed but in intercept shields...is the value in fact carefully put US Mint, Proof and U/C from 1999 -2009 (like 1,000 coins) in shields and intetcept boxes?
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
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.
I love raw coins. If I buy a slabbed coin, I break the coin out as soon as it arrives to my house. In fact I love middle to lower quality coins because of their character. I have a 1903 Morgan on the way that’s coming out of its slab, same with a 26s Buffalo nickel. And I’m also on a fixed income and have no ability to buy $250/300/500 coins. Best Regards
I have been SO burned buying raw Morgan's (early in my coin collecting hobby) that it's INSANE!! I bought most from a large dealer who sends out the really fancy catalogu e each month.
You wouldnt be talking about Littleton Coin would you? They have slick marketing and a good supply of coins for sale. However, the coins in almost all cases are vastly overpriced. I called them out on it and got so hokey pokey answer that they supply the best customer service.
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.
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 😊.
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 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.
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..!!!
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.
I prefer graded slabs for authenticity. My collection is 60% slabed 40% raw modern coins ASEs, w quarters, low mintage silver and clad coins. The big money people want Authentication in pcgs or ngc slabed coins period. Don't be naive pay attention and watch what you are doing. And above all learn the business about what you are interested in. Another great video Thanks.
Whether a slabbed or raw coin, always always always buy the coin not for the grade the holder or dealer says but for what you see and believe about the coin. Coins within a certain grade always have differing eye appeal or luster. After all it is your money that will be spent to get your coins, your opinion counts for a lot.
At this point I ONLY buy slabbed coins. It helps if there are hi-def photos for me to look at online. It's important to be careful though because it seems all the big guys (PCGS, NGC, ANACS, and ICG) have loosened up on their grading lately. You're right about the coins turning in holders. I've got a few coins that have toned or developed light spotting over a period of years while in their slabs. PCGS has a Gold Shield slab which is supposed to be air- and water-tight (I have one that I bought for $8 and it's been immersed in a tub of water since I got it about three weeks ago. The coin appears to be unaffected). I hate seeing dealers and collectors slamming their slabs together. It's disrespectful. Slab protectors only cost a few cents each.
It seems one person mentions that PCGS is loosening or tightening up their standard to a couple people at a coin show and it spreads like the Gospel. No way to know what PCGS is doing, they do the same thing as any business, try to make money. No evidence they get more conservative or less. Just someone guessing.
I...i...i...Mr.Malone.You terrified me with the "title" of this extremely knowledgeable video. Why to be concerned about purchasing "slabbed coins". I truly thought you were gonna start with #1.! Ouch....i was thinking. Extremely important to have the KNOWLEDGE of #1.Did they crack it? Excellent point. #2...a fake GRADING company.Holy snap! You are so correct....you can purchase anything on the internet today.Shame on them bad people!#3..? Different grade on slab threw me off a bit a back (smile) I thought we needed that CAC sticker on it? #4 If you tamper with sealed coins your (not you Daniel anyone who messes with opening a sealed GRADED COIN....off they go...to wrought iron bars )...#5 (Good one...i liked this) badly scratched slab.) Heck....made me wanna open it.! I got pieces like you learned us to compare grades to however it's true...if you can't see it it don't do no good.#6...BECAUSE YOU DON'T LIKE THEM. What a serious sigh of relief I felt. You scared me at first my TEACHER....however this KNOWLEDGEABLE informative VIDEO was long overdue. THANK YOU MR.MALONE ❤
Ive been at this as a kid and later in retirement. Ive really learned a lot in the past two years by accessing sources like Daniel. I have read so many articles about coins and have learned a ton off the internet on established honest sites. I have not found a local coin dealer that I trust and can create a friendship with. So I scour You Tube, coin sale sites, and so far Ive been lucky and not been ripped off. I have my coins weighed and measured for proof of authenticity.
I like your videos bud 👍👍 I just recently got into collecting coins (Washington silver quarters, Canada silver quarters, and other U.S. silver and Canada silver coins, because that's what I like👍) Anyways, I've found that your videos are a wealth of information, thanks buddy.
How can you check your slabbed coins? I buy at the mint on eBay and I have a few slabbed coins I really love, Is there a weight to the slabs I can check them out with?
Was there 5 or 6 reasons? 😕 Anyhow thanks for the info. It will be useful. I have recently thought about buying them. I only been looking in pocket change finding and replacing as I go. I also keep any coins I think may be a good grade or some type of rare error. I collect all coins and rare notes. I have purchased raw coins like halves and dollars from friends or family and also slivers. I swear I have a 1943 copper cent floating around my house with a 1940 New Zealand half penny and some Bahamas change. Had no idea what I had at the time and can't find them.
Thank you. I only buy from large known wholesale companies. Do you have any company recommendations or ways to know if you can buy safely through other mediums like eBay etc without physically seeing the coins?
You can buy from me when I have it in stock. You will find my prices are cheaper, no tax for out of state, and no extra charge to use paypal or credit cards. My website is portsmouthcoinshop.com
Afternoon Daniel. You have good, common sense, answers to coin questions. Now I have one for you. I've purchased generic slabs to place coins such as Morgans, Peace etc in. But my question is, is there a way to safely seal that case so it doesn't break open if you drop and your Morgan takes off on a escape roll??? I have PCGS and NGC and personally like slabs, but don't want to use super glue or something on mine that would damage them? Any suggestions?? (Besides buy from you but that still sounds like a good idea)..Thank you for what you do.
I've never heard of that but I bet people would pay a lot extra for a slab with Gorilla Glass in it or something. If I buy a slab in scratch-free condition, it stays scratch-free. It's not too difficult. Some people just don't seem to care, though.
Good topic, as for #1, PCGS has many years of slabbed coins, are they offering a price to reslabb their and other company's slabbed coins with new slabs. Also, will the grade remain the same if the reslabb the coin?
