Crack out update: PCGS slabs are harder to crack than NGC slabs! You probably knew this but I didn't. My initial "crack out" experiment has sent me on a binge. I am liberating some US Commemorative and other such coins. I like to see them in trays, as a group. Anyway, hit the PCGS slabs harder! So far, NO coin damage.
Great set of commems! I get the military commems for my Son-in-Law and Grandkids, British Commems for my other Son-in-Law and Grandson, but... random gold commems at around spot for me...
Check it out: my latest U.S. Commem. Cleveland 1936 and not only is it an MS 64 it has the famous CAC green football sticker! It shall be released!
Hey, I'm always a bit unsure whether it is a sound financial decision => but man, they always look so sweet when you're able to put them into a nice, ordered album ..... congrats, JBG I am also a fan/victim of releasing modern coins ... hey, they're kinda like young ancients, so I still feel sorry for the poor lil' coins!! => here is one of my modern rescues ... just a flip-rescue (but it thanked me)
I've done this for the slabbed coins that I've liberated, particularly those that are over-graded. Although, NGC rightly prefers that the label be returned to them. Their justifiable concern is that someone will pair the wrong coin with one of their loose labels. I would never do that, but I can't be sure about the next owner!
I had a discussion with a representative of NGC at an ANA show and this is correct. They request that labels from cracked-out coins be returned to them to avoid fraudulent uses. Once the coin is out of the slab, the label is no longer valid. Indeed, if the coin is no longer slabbed, how can you guarantee that the coin is in the same condition as it was when it was originally graded? You can't — therefore the grade on the label is void. Thus, the label is essentially useless for any legitimate purpose. Except, of course, to help you identify the ruler and reverse type, but I doubt that you need it for that. So returning it to NGC is the right thing to do, for the cost of an envelope and stamp. If you want to keep a historical record of the label for your file, simply make a photograph, scan, or photocopy as evidence of the coin's NGC provenance. If you want to provide evidence that it refers to your coin, take some photos of the coin in the slab before you crack it out.
I bought 2 coins slabbed. The labels came in the slabs. I will be keeping my labels in the 2X2 Saflips with the freed coins.
With that coin, are you a bit worried about the paper underneath and touching it? Second, I thought the cracked out inserts were returned mainly so population reports would be more accurate
I request that they stop putting ancients in plastic with meaningless grading, but they don't seem to give a damn what I want. They must be smoking some good dope if they think collectors have some moral obligation to cater to their business interests.
I don't think TPG-generated population reports have any meaning in ancient numismatics. The volume of slabbed coins is very low, and will hopefully stay very low.