PCGS NGC broken slabs

Discussion in 'Coin Chat' started by MarkoFibo, Nov 11, 2021.

  1. MarkoFibo

    MarkoFibo New Member

    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:


    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
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  3. rte

    rte Well-Known Member

    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.
  4. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Bullion coins, right? Don't mean a hang or a hang nail whether or not they're slabbed. Your money though......
  5. ldhair

    ldhair Clean Supporter

    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.
  6. baseball21

    baseball21 Well-Known Member

    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.
  7. BuffaloHunter

    BuffaloHunter Short of a full herd Supporter

    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? :confused:

    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"??

  8. rte

    rte Well-Known Member

    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 :p 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.
    BuffaloHunter likes this.
  9. calcol

    calcol Supporter! Supporter

    Coin lice are hard to see through plastic. o_O

  10. chascat

    chascat Well-Known Member

    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.
  11. -jeffB

    -jeffB Greshams LEO Supporter

    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...)
  12. John Burgess

    John Burgess Well-Known Member

    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.
  13. Mr.Q

    Mr.Q Well-Known Member

    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.
  14. Marsden

    Marsden Well-Known Member

    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.
    Atarian likes this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    If they confirmed authenticity for everyone, we wouldn't have this thread, or others like it.
  16. baseball21

    baseball21 Well-Known Member

    People can make their own decisions, doesnt mean its right
  17. Marsden

    Marsden Well-Known Member

    I wasn't considering people from Missouri ;)
    CygnusCC likes this.
  18. Mountain Man

    Mountain Man Supporter! Supporter

    Let's hope this post allows others to learn from the mistake.
    Randy Abercrombie likes this.
  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Me too! I had to go back and read that one a few times.
    BuffaloHunter and AdamL like this.
  20. expat

    expat Remember you are unique, just like everyone else Supporter

    Some sort of acknowledgement or reply from the OP would be nice
  21. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    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.
    Marsden and Cliff Reuter like this.
  22. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    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.
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