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Why do people crack open graded slabs??
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<p>[QUOTE="Vess1, post: 3459109, member: 13650"]Cracking out a 70 would be pointless. </p><p><br /></p><p> NGC and PCGS do registries and they now require that coins entered into your set can only be in "their" slabs to count for points. </p><p> For some coins, there aren't that many examples of in certain grades so somebody who has a NGC registry set going might see one they like in a PCGS slab and crack it to cross over. Or vice versa. Or they may just send it in for a cross over, leaving it in the slab. I like to challenge the graders to see how they cross. So far NGC has matched PCGS grades even in instances when they didn't know what the original grade was. Even on stuff that was cracked out years ago. </p><p><br /></p><p> I haven't cracked one out in years. I personally wouldn't crack anything out for an album regardless of value. I know what it costs to get something shipped, graded, slabbed and shipped back to you. Not only that but the slab provides superior protection. Premium coins are not meant to be handled anyway. Some stuff, it really doesn't matter. You can crack out something common and tape the label in the album and it's no big deal. </p><p> I would NOT crack out an entire Morgan set to put in a Dansco. That's essentially throwing away thousands in grading fees that someone else paid, loosing the superior protection and authentication, losing the 3rd party's opinion of grade and making your set equivalent to an album full of Chinese counterfeits. And if you think that's being extreme, there's at least one dealer that was fooled and bought a complete set of Chinese fake Morgans out there because I read an article about it. Due to the risk, cracking out the set probably cut the value down by 40% at least. Somebody would have to spend a few grand to re-slab them.</p><p> </p><p> Lighthouse makes great albums for storing slabs in if you need to look at an album but don't want to crack slabs.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 3459109, member: 13650"]Cracking out a 70 would be pointless. NGC and PCGS do registries and they now require that coins entered into your set can only be in "their" slabs to count for points. For some coins, there aren't that many examples of in certain grades so somebody who has a NGC registry set going might see one they like in a PCGS slab and crack it to cross over. Or vice versa. Or they may just send it in for a cross over, leaving it in the slab. I like to challenge the graders to see how they cross. So far NGC has matched PCGS grades even in instances when they didn't know what the original grade was. Even on stuff that was cracked out years ago. I haven't cracked one out in years. I personally wouldn't crack anything out for an album regardless of value. I know what it costs to get something shipped, graded, slabbed and shipped back to you. Not only that but the slab provides superior protection. Premium coins are not meant to be handled anyway. Some stuff, it really doesn't matter. You can crack out something common and tape the label in the album and it's no big deal. I would NOT crack out an entire Morgan set to put in a Dansco. That's essentially throwing away thousands in grading fees that someone else paid, loosing the superior protection and authentication, losing the 3rd party's opinion of grade and making your set equivalent to an album full of Chinese counterfeits. And if you think that's being extreme, there's at least one dealer that was fooled and bought a complete set of Chinese fake Morgans out there because I read an article about it. Due to the risk, cracking out the set probably cut the value down by 40% at least. Somebody would have to spend a few grand to re-slab them. Lighthouse makes great albums for storing slabs in if you need to look at an album but don't want to crack slabs.[/QUOTE]
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Why do people crack open graded slabs??
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