Global Certification Services Round 2

Discussion in 'Coin Chat' started by ska69, Jun 28, 2012.

  1. ska69

    ska69 Member

    I picked up an 1878CC Morgan Dollar today from my local coin shop and it is encased in a slab from Global Certification Services, Inc. I did a bit of research and discovered they were a 3rd party grading company that stopped operating several years back. I understand there was a thread about this company on Coin Talk back in 2007 (http://www.cointalk.com/t28832/) but I would like to ask a different question. I was curious if this slab is detrimental to the coin's value or if I can crack it out of the slab without regret. It's a pretty nice display, but it doesn't feature a grade or serial number. Any thoughts?
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    I've seen many coins in those slabs. Some I thought were graded correctly, others I did not. Personally I would leave it alone.
     
  4. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    return it cut your losses and dont use that shop if they going to b.s. you
     
  5. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    If you have a good reason for cracking it out, then do it, but otherwise the slab is giving protection. If you paid extra for the slab, that is another matter, the slab isn't worth a premium. Otherwise consider it like a raw coin, if it is price appropriate for the grade, you did OK.
     
    MIGuy likes this.
  6. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna


    Huh? Unless you read something I did not, all we know is that the OP bought a 78-CC $1, so please explain how you came to the conclusion the shop did anything wrong? Also, without knowing anything other than the type and date, how can you suggest the OP "return it and cut [his] losses"? The coin is in an ungraded plastic holder... so what? Does this automatically mean he overpaid and the coin is junk? You know what they say about making assumptions....
     
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  7. mark_h

    mark_h Somewhere over the rainbow

    He did say he bought it from the local shop. No grade mentioned or price. I think the only thing that you can recommend with out pictures is to leave it alone.

    And PS - some slabs from some companies will demand a premium. The slab alone that is - there are people that collect slabs from the different companies.
     
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  8. Conder101

    Conder101 Numismatist

    After Global stopped grading they continued for awhile encapsulating coins and some other things for promotional purposes. Some marketer would want to run a promotion on some item so they would have Global slab up a bunch of them with a picture on one side and a short writeup about the item on the other side. While they used the same style holders these technically are not certified coins, just encapsulated.
     
  9. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    He hasto crack the holder to test the coins authenticity .. thus ruin his chances of ever returning , if you get a fake coin in a holder an you crack the slab they won't let you take it back or return it..
     
  10. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    if he cracks the slabb ,unless its infront of them they can claim he swapped the coin for a fake ,or that he put a counterfiet in there.. go back to the ask them to help you test the authenticity of the coin
     
  11. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    it doesn't mean that he over paid at all , he needs to decide the cruciality of test it to see if he has a chinese fake
     
  12. ska69

    ska69 Member

    I paid what I personally believe to be a fair retail value for its condition and the shop has a professional reputation. I see no need to return the coin. I'm just exploring the option of sending it in for legit certification or adding it to my type set. Both of those options would more than likely require me to remove it from the slab. I am also doing a bit of research into the credibility of Global Certification Services in case I encounter their slabs again. I haven't really heard anything bad about the company, such as them passing off fakes as the real thing. Most of what I have heard is that a few knowledgeable people tried to get their foot in the door with professional grading and their endeavor fizzled out. I have also seen ads for their "Waffle Quarters" in the Whitman Guidebook to Washington Quarters. I plan to keep it in the slab for now in order to maintain the integrity of its condition, but it's good to know that this type of slab does not add nor detract from the value of the coin.
     
    MIGuy likes this.
  13. cciesielski01

    cciesielski01 Laced Up

    I believe no slab improves or detracts the value if you like the coin and it happens to be slabbed even better. If I were you I wouldn't worry about submitting it to ngc or pcgs unless you want to resell it. Just my opinion though.

    Cody
     
  14. AdamC

    AdamC New Member

    Have the same problem with a 1894 $10 gold Liberty Head Eagle leave it as is a nice keepsake! AC
     
  15. Mac McDonald

    Mac McDonald Well-Known Member

    Hi, folks- Didn't know the protocol/policy for piggybacking on old posts...this one, about GLOBAL Cert. Svcs. Yes it's probably somewhere in the rules, if like so many to be interpreted right or wrong, but given my age, eyes and mind with trying to find it or overlooking/missing it, I just thought I'd try it this way for the first time. I do see this done...re-posts...quite frequently with updates.

    So, understand this company is long gone, but I've had two of their slabs with O-Morgans for many years and have yet to break them out. They are the two finest O-Morgans in my collection...both with unusually strong strikes (full breast feathers, leaves, etc), smooth fields and super eye-appeal...easily 64-plus/65...and while the slabs do not show a number grade, they're quite hefty and beautiful with a NO mint photo and a story, plus there IS a serial number in smaller font on the reverse at the bottom. Apparently from what I understand, some slabs at some point reflected a grade, and others, as these, did not. Are there any current/2021 thoughts on GCS slabs, coins in their slabs, etc. in terms of what the slab does to the coin's value on the down- 1885-O Morgan - obv in Global Cert slab.jpg 1885-O Morgan - rev in GCS slab.jpg side...? Does having them in these slabs detract from the raw-coin value in, say, just a 2x2...? See attached photos. Thanks.
     
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  16. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    Unless he goes to place that has x-ray spectrum analyzer
     
  17. ddddd

    ddddd Member

    @Mac McDonald these slabs are common enough (relative to the pricier old slabs) but they still carry a small premium. You would almost certainly get as much as a raw example and could very well get an extra $10-$25 from someone who collects all types of slabs. I would not crack it out.

    From your picture, the coin does look very nice. If it was a 65, you would struggle to get PCGS or NGC 65 money for it (but that would be the case if it was raw). Checking eBay sold listings, three Morgans in these holders have recently sold for $75 and five sold around $50. I spot checked some of those and they looked worse than yours (closer to a 63). I'd expect somewhere in the $75-$85 range for your Morgan (which should put it around current NGC/PCGS MS 64 pricing).
     
    Mac McDonald likes this.
  18. Conder101

    Conder101 Numismatist

    This would be one of Globals later promotional slabs. You will note it doesn't actually have a grade, just Brilliant Uncirculated.
     
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