What is left?

I realize that coins are cracked out of their slabs all the time - attempted upgrades, people who just do not like slabbed coins and even scammers like Centsles. I assume that the frequency varies from coin/grade to coin/grade and no one really knows how many are actually left. Limiting this solely to NGC and PCGS;

What are your best guesses of the percent left for high priced (say $5000 and up), medium priced (~$750) and low priced (< $100)?

Is the percent left for NGC more, less, or the same as PCGS?

Is there one series or denomination that is more or less prone to this?

Are there any other factors you believe might relate to the percent left?

 

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I can't speak to the percentages, but I can guarantee there are quite a few less Morgan dollars from PCGS and NCS still in their slabs, since I break out everyone I buy.

 

I think the percentage left for high and medium ones is going to be about 85%. For low ones about 50%, Of course, many will have been cracked and then reslabbed.

 

Outa curiosity...

Why would you break out an already slabbed coin?

 

Like rlm's cent said: people who hate slabs, people who want to resubmit their coins to try to get a better grade, and scammers.

 

I have a single slabbed coin I decided to keep slabbed just for protection...I break them out because I collect coins, not slabs and I like to hold the coin...after I break one out I will put it in an airtite that I can open easy.

 

I was under the impression that oils/bacteria from hands was much worse than oxygen...

 

The only slabbed coins I get are from Teletrade. Otherwise, I only buy raw coins.

I really don't worry about all the fancy numbers assigned to coins. I'm more the "it's either XF or it's another grade" school. To me, there's no significant difference between an XF 40 and an XF45 outside of a starting price for buying or selling the coin. Either I like it and the price or I don't. If I don't I don't buy it. I don't need some "independent" party telling me what they think it's graded at.

If I haven't learned how to grade coins by now, I'm never going to.

 

I own a few slabs, but only because thats how I bought the coin. Otherwise I prefer to hold my history

 

As a general rule most people I know break out coins from slabs. At one coin show I go to a dealer tells everyone he will break them out for them if they want. I myself do not have any slabbed coins. If I buy one it is always taken out. I buy coins for albums and the slabs just don't fit.

 

I am asking how many are still in the ORIGINAL slab - PCGS and NGC only. They publish a "population" for each coin/grade. If they have slabbed, say, 100 coins as MS65, how many still exist?

 

I interpreted the question as being how many coins are still in slabs compared to the total number of coins that have been slabbed. So a coin that was slabbed and cracked out and reslabbed counts as two slabs issued and one remaining. A coin that was originally slabbed and just cracked out counts as one coin slabbed and none remaining. I hope I got that right. It's an interesting question.

 

Cloudsweeper99

You got it!

 

That sound reasonable, but only accounts for part of what is "missing". Incidentally, I have also heard a story (from the PCGS rep) of a coin submitted 3 times. 60, 55, and then 63 if memory serves me, which it does not always do. I do not believe Centsles could make a dent in the populations by himself, but how many others are there? And then (as is obvious from some of the responses to this thread) there are those who just break them out.

 

Just one question. There are several causes, but only one result.

I realize that no one has or can get "THE" answer. It is just a wag, but maybe the average of all might be useful.

 

I used to break all of mine out - all NGC (haven't seen any PCGS exonumia slabs). Recently, I did decide to keep a few of the laughably overgraded and horribly misidentified ones (as NGC has technically incorrectly identified every single Civil War Token that I have ever seen) as examples of the frequent poor quality of work done in this area of the hobby.

If the label maker makes the id error, I wonder which population gets bumped up by 1 - the id originally thought to be or the one the label indicates? If I were one to be concerned about population reports (of which I couldn't care less), even an increment of 1 in error could be very significant as around 70% of cwt varieties have known pops of 20 or less.

 

No one else wants to take a stab, so here is my thinking;

Low priced – 80% Reslabbers have less to gain and slab haters probably go for better material.

Mid-priced – 60% Reslabbers and slab haters territory.

High priced – 70% Reslabbers and slab haters territory. However, some of these are already at or near the top and probably not scammers territory (not that I really understand this area).

My guess is that PCGS has significantly more missing. Maybe even 50% higher? They are apparently more inconsistent and there is usually more to gain by reslabbers.

I have no clue if any series/denomination is more or less prone to this.

Please – no one take offense at these comments. I have no great knowledge in this, but am just guessing. BTW, I do not believe exonumia a large enough portion to affect any results unless you say that series to be above normal. Even then, I did say coins.