Crack a PCGS Omaha Bank Hoard Coin?

I purchased a 1945-S PCGS MS66 Omaha Bank Hoard Jefferson Nickel for my Dansco Type Set that I'm working on. I know I will lose the Omaha Bank Hoard designation forever if I crack the slab. Does the Omaha Bank Hoard designation give the coin any extra value? I got the coin pretty cheap, but I'm wondering if I will regret removing it from the slab in the future. What are your opinions?

Thanks,

Luke

 

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Don't do it. The slab itself, even without the designation, increases the coin's value. Nice catch though!

 

Did you buy it for the plastic or the coin?

 

I bought the coin because I wanted a nice coin for my type set and it was only $15. I didn't notice the Omaha Hoard Designation at the time of purchase. Just getting back into coin collecting, I didn't even know what that was until I looked it up. Now I'm just fearful that if I crack the slab, I will see the Omaha Hoard Designation coins selling for a high premium in the future.

 

The plastic itself is worth more than the $15, so I'd say keep it in the plastic still, and get another example for your album, knowing you have a better one in plastic.

 

The Omaha pedigree isn't worth any premium. The grade does bring a premium over a raw coin--raw coin would likely sell for about $5 vs. the $15 you paid. You can "have your cake" by photographing the coin in the slab before cracking and saving the insert, and is what I would suggest.

There is little chance that the Omaha bank pedigree will become valuable down the road because of the huge number of coins with that designation.

 

Relax, the Omaha Bank Hoard coins are plentiful. Heritage Auctions sold quite a number of them, of many dates, a few years back. Come to think of it, I probably own your coin's twin somewhere.

The other poster who recommended keeping the coin in the slab (logical123) has the best point, though -- generally unless you feel the urge to put your coin into an album or other kind of display, it's probably best to leave it in the slab. That will make it that much easier to sell the coin, and for a coin like that it may increase the value slightly.

 

cracking pcgs -- video link

If you crack it, just don't drop it like this doofus did. :rolling:

 

This advice is dead on. The Omaha pedigree is worthless. Now if the slab had the name Compradore on it, then you would have a valuable pedigree for a Jefferson Nickel.

In addition, the 1945-S is a very common coin in both MS66 & MS67 and will not increase in value anytime soon. The only reason to protect the pedigree would be if it was attached to a registry quality coin. For example:

 

Thanks for all of the advice. I think I am going to keep it in the slab in order to protect the grade. I'll look for a raw coin to put in the type set.

Luke

 

I agree with the others, this coin is common in the grade and the slab doesn't make it much more valuable. Sure, since the coin is certified at MS66 it might command a little premium over a raw coin that isn't slabbed but is close to the same grade...but it's only a few dollars. So, if you want to crack it out then go ahead.

 

And definitely don't use this guys method:

http://www.youtube.com/watch?v=10w3R6Go0zM

 

LOL! Yeah, I saw that ridiculous display as well.

 

crack it out or don't it doesn't matter. Whichever you prefer is what is right for you.

 

Gopher that was a tremendous video. Any coin collector would be cringing while watching that.

As for whether to crack a graded coin, I realize that some crack a coin and send it back in the hopes that the grading facility will give a better grade but other than that rather dubious practice I don't see a reason why anyone would crack a coin from a legitimate grading facility.

 

I usually tape the pcgs label on one of the inside covers, I doubt for a 15 dollar UNC coin anyone would really doubt you if you said it came from the "Hoard". A lot of people have mixed feelings about the OBH, either way it is probably a nice untouched peice of numismatic history. Good Buy !!!

 

Why?

 

I like my coins to be displayed, like in an album. I don't think coins look good in any slab, especially a PCGS slab. Even in albums made to hold slabs, I still don't think they look good. Small coin...huge slab...ugggos! Coins look bad enough in 2X2 cardboard holders. I guess you can tell that I don't own any slabs! LOL

 

Because some do not like slabs and have albums or other display methods. Next a really nice coin will bring money raw or slabbed.

 

I have never seen an album designed for slabbed coins. Can you point me in the direction of one...I might want to pick one up.