Photograph When Cracking Slabs?

Because we all know that this hobby contains nothing but people with pristine ethics, right?

 

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I was referring to the in-house set up of a new organization, not to the entire population.
Now I will go ahead and use them...

 

It doesn't matter how much you try to polish a pile of dung. It will remain a pile of dung. This idea is a pile of dung.

 

You’re honestly not. Once it’s out of the slab the slab grade is irrelevant. The whole point of sealing it is to ensure that the coin is in the same shape as the day it was graded

 

(a) Slabbed coins = $$

New venture concept,
(b) NV Coin Cost = Cracked out Slabbed Coins + photographic history (and cost of photographic equipment/ processing/ storage) + longevity of secured environmentally controlled storage.

So the future question is ...
NVCC < Future Slabbed $, or
NVCC = Future Slabbed $, or
NVCC > Future Slabbed $

If it's the last one and you are the end Customer, why not just buy Slabbed and crack it yourself .. of course, depending upon the knowledge of the customer.

 

I think you mean slabbing coins is expensive. Agreed.

All true. A new business venture would have to include these costs. Which is why it would be great if the TPGs would consider going to such a method instead of slabbing older circulated coins in the first place. I won't hold my breath, but you have to wonder if they plan on doing the same thing forever, even as advanced computer technology makes an evolution possible.
With a separate venture, the cost of photographic processing and storage would be minimal, because it is digital, not actual photos.
The coin storage is another question. I have read here on CT that the jury is still out regarding the very long term viability of TPG slabs. So the climate control of the room itself would be important for both liberated and slabbed stock, hence not an additional cost.

There really is no End Customer. I mentioned earlier that I am talking about reselling in around 30 years. Or pass along to one of many nephews, so the idea is to both conserve and certify lasting value.[/QUOTE]

 

So there it is? You want the slabbed price raw?

 

No, I want the slabbed price maintained via a dependable certification that does not put the coin out reach.

 

That's an unrealistic goal. The price is from the security of it being untouched from grading.

 

@baseball21 is absolutely right.

There is added value when a coin is entombed in a slab. That value ceases to be when the coins are broken out of the slab. In short, it voids the TPG warranty which adds value to the coin. Once the coin is cracked out, the value of that slab is lost and there's no amount of documentation that will change that.

 

The thing is, the ethics of such an organization are far more easily nullified by someone trying to misrepresent a raw coin than a slabbed coin. We already have dealers on eBay whose business model it is to crack out coins and misrepresent them with bad pictures.

 

Unless it could be shown with new technology that it is indisputably the same coin. The TPG warranty can be lost if they so choose. And you are free not to pay me the slabbed price if you refuse to believe, in the face of reasonable evidence, that it is the same coin in the same condition as graded.
But I believe there are plenty who would pay that price and be happy to have something more to experience than a poly-carbonate or lucite Christmas ornament with a pretty coin inside.

 

This has turned into the equivalent of I put a cert in my almbum page pay me more while expecting people to pay to have their coin cracked out

 

The thing about Blockchain though, is that once you violate it you are toast. Anybody who swapped a coin and doctored the photo could be tracked in this system, because the file reference for the image is coded and dated. And the original cracking- out operation would know that one false move and they're done for, because the original image in the slab is readily available.

 

Prove they did it, oh right you can’t

 

you're ignoring an important issue.

when the coin is slabbed the surfaces are protected from contact by varying factors. Once the sufaces are exposed, any number of things can happen. Cleaning, doctoring, or other things, all of which may affect the coin's value.

 

You're missing my point. When an unscrupulous seller cracks out a coin to try and misrepresent it, they are risking the loss in value that comes with giving up the grade on the holder, knowing that once cracked out, it's not valid. With a raw coin that has your guarantee, if such a seller can misrepresent the coin by taking a new, crappy picture and try and sell it to someone as just another anonymous raw coin without incurring that risk, blockchain protection of the original won't matter.

 

I agree that it is inefficient to pay for slabbing and the un-slabbing. That's why for older series with mainly unique circulated examples the TPGs ought to take the lead and consider this from the get-go. A groundswell of support from collectors who are allowed to experience their coins as intended would outweigh the reluctance due to the fear of foul play.

 

This is honestly one of the worst collecting ideas I’ve ever heard

 

And you are missing mine. Each coin has a reference code that will include the date of any alteration to its file, so their is equivalent of a 'paper trail'.
Plus, taking a new crappy picture would be entirely evident, as it would obviously not meet the standards of the new system.