I’m looking for some advice on my situation: I bought 2 slabbed 1 oz gold coins. At the time of purchase I did not trust the seller so I broke the slabs open to further verify the contents. They checked out via phone app. One is NGC, Label reads: EAGLE 25th ANNIVERSARY 2011 EAGLE G#50 EARLY RELEASES MS69 Then there is the number and a bar code. The other is PCGS Label reads: 1990-W PCGS PR65DCAM Eagle Then number and bar code. I think I lost considerable resale value by breaking the plastic slab. The coins were not compromised in any way through the process. They remain untouched and in original condition. I have a few questions: Should I re-submit these coins to be regraded and slabbed? Would that increase the value substantially enough to justify the expense to do so? Should I provide the old broken slabs to the re-grading company? Should I use the same grading company for each coin or send both coins to one company ? Your thoughts and suggestions will be much appreciated. Thank you in advance for your opinions. pictures available on request
If your going to essentially put them back as they were...send each back to the appropriate company with the old plastic and hope for the best.
Bullion coins, right? Don't mean a hang or a hang nail whether or not they're slabbed. Your money though......
That is correct. You lost money by cracking these. They were in good plastic by the top two services. God knows what they will grade if they are sent in again. The dealer had nothing to do with the grade on the slab.
Unfortunately yes that was not the best move but whats done is done. No need to it wont make any difference. Once the coins is cracked out the slab the and labels are completely worthless in terms of what a coin should be. It'll be graded by what it is from whats in from of them.
I'm sorry, but this thread is just odd to me. OP has been a member of CT for over nine years and this is their first post? Joined CT nine years ago so presumably been into coins for a while. Knew well enough to buy slabbed coins from the top two TPG's. Knew well enough to go on the mobile app and check the certification numbers on the slabs. Broke the slabs open "to further verify the contents"??
I missed the part where they went online to check verify the numbers. I too checked their stats and figured I'd just be helpful and maybe make a few more karma points with my common sense answers. I was going to ask a few more questions like WHY? but figured I'd wait until the OP came back to check in.
Slabbed or not slabbed, bullion is worth spot when sold to a dealer. A collector may add value to the slabs, but the coins are still worth spot.
Okay, maybe cracking that one was a little bit of a shame -- because it looks like it's the only one PCGS has ever graded that low: (I see none lower on the population report. Now I almost want to buy one and pocket-piece it...)
As long as they don't grade it as PR67, it's still gonna be the lowball I don't see the point in getting it regraded/reslabbed, if it gets PR69 it's gonna cost more to do it then the value increase.
You found they are gold and still in original condition. Slab and grade them accordingly. You are now the best grader of the coins, in my opinion. Good luck with your decision.
FWIW, slabs aren't entirely worthless even on average-quality, late-model bullion coins. They confirm authenticity and hence make it easier to sell them. Of course, the slabs can be counterfeit as well but let's not venture down that particular rabbit hole just now.
It's not a reholder or a reconsideration or a re- anything Cracked out = Raw. You can send along the old labels as a courtesy so they can update their population reports, but the coin is raw.
It's not a reholder or a reconsideration or a re- anything Cracked out = Raw. You can send along the old labels as a courtesy so they can update their population reports, but the coin is raw.