Sonically sealed can be simulated with solvents. Most of these plastic cases are made from styrene. Mek can be used to fuse the case. It will look like a sonically welded box. I think weight might be one of the best ways to check for a fake clamshell. Next use a caliper to measure the case and coin placement area. How to fix the industry? Use plastic formulas with a trace element in the mix. Would make testing easy. Change the formula every year or more. Make serial numbers cross reference that trace marker. So many things that can be done. Easiest way to talk them into changing is pitch it to them as another service a person can buy in advance of getting a grade. Case marker verification. Have a overnight authentic check service. Makes it easy for the seller to ease someone’s second thoughts.. also let the grading company make some scratch on the side.
Once you start talking about slabs and “sonic sealing” and styrene and MEK and welding you are no longer a collector, but a speculator. A money grubber. A profit seeker. You are no longer a hobbyist, but a peddler. End of rant.
I was about to comment asking what you may be smoking... and after watching it I want to commend you on a great video. Knowledgeable and absolutely spot on!!
I prefer my coins graded in slabs mainly because I know exactly what they are worth and I have a solid starting point in negotiating the sale of the coins. Plus the added advantage of the coins being protected. And I’m not a fan of toned coins whatsoever. Raw coins are fine and I have a lot of them but it’s anybody’s guess what they’re worth without a 3rd party grading service certifying them. NGC is my favorite because I like their holders the best but I have my share of PCGS slabs too.
It's a lot of thinks you need considering before You Buy a coin no matter what if is graded by pcgs por ngc. Not because the pcgs, ngc holder say that the coin it's in a ms64 You will pay the price. Espacially if You Buy a rare coin. Ejample : if You Buy a common Morgan cc ms65 low end probably You are pay for a ms64 high end cc. But the pcgs company give a ms65 beacuse de eey appeal not because it's a ms65. Thats what we call over grade. They are more conservative when they grade a rare coin . Thats why i allways Say ,Buy the coin not the holder. It's a lot of places (like this chanell ) You can learn to spot a well graded coin.
It sounds like there are other reasons TO buy slab coins. When I clicked on this video, I thought, by the title, there were NO reasons to EVER buy ANY slab coins.
Paid $1,050.00 for raw Huguenot Walloon in 1985 (dealer graded ms-65). Had it sent in for pcgs grading 1988. It came back a ms-66! Sold it to the same dealer I bought it from for $6,000.00. Would like to hear other collector's experiences.
Morning Daniel! Before I started watching your videos I made some of these mistakes when I first got in to coin collecting. Now I have the best teacher. Thank you again my friend!
I was lucky enough to find three of good truthful local coin dealers to keep me out of trouble in my beginning looking for slabs. You would have been on my list.
I love raw coins. If I buy a slabbed coin, I break the coin out as soon as it arrives to my house. In fact I love middle to lower quality coins because of their character. I have a 1903 Morgan on the way that’s coming out of its slab, same with a 26s Buffalo nickel. And I’m also on a fixed income and have no ability to buy $250/300/500 coins. Best Regards
NGC is my favorite slab atm. They take pictures of every coin and you can compare the picture to the coin you're looking at buying. That's a very nice feature.
That’s not true plenty Of coins in the market that ngc failed to take pics of! Ngc is only about ripping off the consumer, by charging for photos, when they should protect the consumer! Call ngc tell them to protect the customer!
It is a shame that there is so much scamming in the coin collecting world. I would imagine that any item that is collectable has the same issues. It is important to learn as much as possible about what you are collecting and hopefully avoid getting ripped off. Thank you for giving us so much information. It shows the integrity and honesty that you have. Shows how many do not.
Yeah I got a good friend, he has been a coin dealer over 20 years that got burned, about 5 years ago, on about 20 fake slabbed common date mercury dimes , he showed me, he said since they were common dates vs key dates , he let his gaurd down and failed to inspect them as closely as he would have if they were key dates.....I think he lost about $120 bucks or so on that deal.....I have not forgotten that
@Blake no doubt. I picked one up from Ebay and it looked like the label was a fake and the coin had a huge scratch on it. The seller told me that is the reason for the MS69 lol. Sorry but it doesn't work that way so just return my bread.
@Blake I mean right, that's why I said "it's getting harder". Gold Shield has been around for a while, and both NGC and PCGS have photos of coins for a bit extra for quite a while. Fakes are usually pretty easy to spot. I've only been paying attention to coins again (for the first time since I was a kid) for about 6 months, and I can pretty easily spot most fakes they show in vids, even for coins/products I've never seen before.
You threw me a curve. At first I thought you were just going to say to stay away from slabbed coins period. I can understand and agree with your 6 reasons.
First of all they're verifiable and I can check the registry and see how much they're valued at so I know why dealers wouldn't want that.. I don't stack slabbed coins.. but I will buy them occasionally based on value and limited edition if there's 25,000 Trump coins that are slabbed at proof ultra Cameo you better I'm going to buy them if they're only 25,000 of them left worldwide.. but otherwise I will buy the stacked 10 oz or 5 oz bars
@@richardweil8813 i was under the assumption toning value was based on the buyers preference that there was no set value for tones unless toning indicated damage or cleaning.
@@richardweil8813 your point bears repeating “there’s no guarantee the package isn’t fake” up and until you check on the website, personally. I’ve seen very nice fake Rolexes, but they can’t even come close to faking the packaging, go figure
Sometimes the older slabs even get a premium because people say they graded more conservatively back then. So what might have been given an MS64 grade back in the 1980s might get an MS65 today. Sometimes that one grade can increase values by ALOT of money.
Silver Seeker I watched your video and Daniel's video tonight. Fair perspectives from both of you guys, slabbed v unslabbed. Lol There's always going to be a time when we must decide to choose between buying a slabbed or a raw coin. It was interesting to hear the different reasons you guys gave in your respective videos. Thanks Daniel and Silver Slayer. 👍🏽👍🏽
The biggest value I have seen for purchasing slabs or having raw valuable coins slabbed, beyond what was stated, is family understanding if something were to happen in your life. Example, let’s say Johnny established a solid future based upon his expertise and collecting over many years. He has many coins! If his significant other, family or some type of executor has no clue or knowledge of any value. The investment can potentially be lost due to that lack of knowledge. Whereas, if the majority were slabs, it provides a much simpler version of investigation and valuation which could be the difference in that investment. It is strangely like an insurance that some valuables won’t be misinterpreted or lost in translation to collectibility or potential value. Do it for the family who rolls their eyes every time we make that purchase! They will appreciate it later, hopefully, much much later!
I've been buying slabbed 40 50 wheats MS 65 66 off ebey at decent price I think $19-27 . I realize that's a very common grade on common coins but I like em
Ive been at this as a kid and later in retirement. Ive really learned a lot in the past two years by accessing sources like Daniel. I have read so many articles about coins and have learned a ton off the internet on established honest sites. I have not found a local coin dealer that I trust and can create a friendship with. So I scour You Tube, coin sale sites, and so far Ive been lucky and not been ripped off. I have my coins weighed and measured for proof of authenticity.
Your forgetting a couple other reasons not to slab. First, slabbed coins are NOT for collectors. They are for people who don't know anything about coins!!! Those who need others to tell them if it's real and to grade it for them. Collectors don't need any of that. They can grade it themselves and that $30 piece of plastic is just in the way! Plus, you can sell your coins for $40 less if they are not slabbed and make the same money!!! If the dealer wants to drop money on a slab, let him ;) To me, if it's not going north of $150 forget the slab. Even then, if I can get $125 unslabbed and he can get $150 slabbed, I am better off :)
I must not know anything about coins! I love them. Bulk submission I only have $9 to $12 in each coin. I have made tens of thousands on coins I had graded. Worth much more in those holders. One sold for 40 grand
Most people who buy coins don't really know the value of an unslabbed coin. They increase the value of higher end coins and it's hard to sell an ungraded coin over 2x gold value or 5x silver value or more than $200 on base metal. But for me, the biggest problem with graded coins is simply the extra cost that has to be added to offset the cost of grading. If you are buying the coin for the coin, then buy the coin. Slabs are used to hoodwink buyers into buying the markup unessicarily. Whereas from a business perspective it makes sense because that is where the market is, you still are forced to upsell the holder and not the coin.
I like buying graded coins if they are a key date that may be faked or overgraded. Always educational Daniel. Thanks for the great videos. Your collaboration with Robert of CoinOpp is fantastic. Now we need a video on the top reasons to buy a graded coins.
I know this is an older video and maybe your view has change, maybe not. But I find the most typical person who dislikes slabs are dealers. While I am quite comfortable determining coin grades and don’t require a slabbed and graded coin for certainty,, many people are not and rely on propley graded coins in authentic slabs from reputable grading services that typiclly provide an accurate assesment of the coin’s condition. Now back to my comment about dealers, and please understand I am not saying ALL dealers but many I have personally dealt with over the decades at shows and in shops in my years of travelling to buy and sell coins, I have met an unscrupulous amount of dealers. Dealers who who would rather underpay for an ungraded coin that they insist is a lower condition (when it it not), than rather be presented with a slabbed coin from a PCGS or an NGC for example, and puts a detour to a blockade to their under-assessing coin condition practice. So for many, I say stack those slabs.
You misunderstood. I never said I didn’t like slabbed conns in this video. I love slabbed coins. I submit coins all the time and do videos on the submissions. So you got to watch the entire video.
Morning Daniel!!🍵 Ur in fine form today!😊 I like having my key dates in slabs, but you forgot to mention that slabs make one's albums too lumpy, yuck, yuck!!🤣
I learned my lesson on an anacs 1889cc, they were very rare, couldn't even find them except in ag03, so I bought this from a dealer online I had good luck with previously. well I dropped it and the slab just popped open and a week later they started popping up all over in roughly the same grade in ANACS holders, I've had it for years, I guess it's about to send it in to see if it's even real.
the "international numismatic bureau" the slabs with the green tags on white foam; those tags can be easily removed with a heat from a hairdrier or a better a heat gun on low (300-325) the tag will go all black then it comes right off.
Take a MS70 coin graded by one of the top tier companies and compare it to their MS69 coin and tell me the difference. And if the coin is scarce or rare, the point differential value can be enormous. I've been collecting error coins and you see people selling a common coin and listing it as rare. I know the difference but there are a lot of relatively new collectors who will pounce on the ad. They can't do that if it's slabbed. Good vid, although you are throwing around terms like dimple, etc. that could confuse new collectors.
I am not a coin collector who likes to look at the coin through plastic. I like to hold it, weigh it, etc. I can see where some people might like their coins verified, but then it's in a plastic container never to be held again. It's like a little coin zoo. It takes the coin out of its natural habitat.
The title is somewhat misleading. It sounds as if you are against buying slabbed coins, when you are really warning against scams and tricks related to sellers of slabbed coins. Otherwise good job as usual.
Looking for a PF70 Canadian Bigfoot Privy....yeah, Bigfoot doesn't exist, guys. Yet the Canadian govt green lights stamping one onto one of their issued coins.
@@CoinHELPu They were all over eBay in 2018, into 2019 for anywhere from $125 to $150. And one could easily had a PF69 First Day for $40 to $50. Heck, I think I even saw those for $33.95 shipped. I went on there the other day thinking, "I've REALLY wanted one of those, so if they are still up there in price, I'll pay it." Back in 2018-19 I thought $100+ was way too steep, and they would come down. No such luck. I JUST checked eBay before posting this, and the last single PF70 sold was on March 23rd 2020, for $155.50 on a bid auction type. Fml The current listings show a "lot" of 10 slabbed PF69 First Day NGCs for $550. But something seems off with them. They all look as if they are excessively "dished." And the colors are off, as well. The maple leaves seem as if they are too light all over. The leaf should have distinctive silver veins, with the Lamina of the leaf having a dark "silverish" tone, in contrast. These don't. Pass.
Thanks! I’m a brand newbie at touching coins. I actually took a hammer to a slabbed coin trying to break it out so I could place it in an awards type gift box. I stopped and decided to check your videos out before going any further. Gosh I’m such a dork. Well it’s a gift to my son; I’ll just give him my untampered one. No harm no foul. Thank you for the lesson. If I would have broken the case open, what would that have done to the authenticity or certification of the coin. All bets off?!?
@@kennethlarsen4805 it's possible. Either way I'm stoked to know for sure about the deal money pit. But, I really like all they are finding as to relics and structures. Those pieces of history are treasures for sure. Either way let's wait see who they prove left the treasure and who built such an elaborate system to protect a treasure, and what was so important
Great video! Thanks for the info. I'm a new collector and there is a real strong draw to go for slabbed coins (even over buying directly from the Mint) to be able to assess coin values, especially for resale or to help educate those who may inherit them. I've seen your video regarding AI software to grade coins. I do hope that the industry goes in that direction.
I assembled a set of PR-66 Liberty Nickels 20+ years ago. I have watched them steadily decrease in value over this time, one, because the market hasn't been great for non-gold or non-silver coins AND two, they are finding more high grade coins that increase the population and decrease the value. I do believe there is a fair amount of "churning" where folks are removing coins from slabs and resubmitting them, which increases the population count (but not the actual population.) And, my pretty PR-66 coin is nice but it isn't CAM or several of the other new "premium designations" that are popping up. So, they remain in the bank vault for some future generation.
That's too bad but these sets can be cyclical and return to popularity; a long view is frustrating though. Classical silver commemoratives (1892-1954) collapsed from their highs in the 1980s but may be coming back. If you set includes the key dates (1885, 1886, 1912-S) those should hold up over time.
thanks for the info! I would view this video as 6 things to avoid when buying slabbed coins; not 6 reasons to ever buy slabbed coins. Buyer beware is always good content though! thanks again
@@rvnmedic1968 there’s nothing wrong with clickbait titles as long as the video is factual, accurate or isn’t misleading. The whole reason to do videos is to attract viewers to important information and to reach more people one has to dress up titles a bit. Just some people have ego issues when they click on a video and it’s not what they thought, because they misunderstood the title.
Faking handbags is one thing, but counterfeiting bullion just takes the cake. And still there’s no pushback, counterfeit away PayPal and EBay will give you half of your money if you’ve been had. Ps if it’s too good to be true it always is
I have been SO burned buying raw Morgan's (early in my coin collecting hobby) that it's INSANE!! I bought most from a large dealer who sends out the really fancy catalogu e each month.
You wouldnt be talking about Littleton Coin would you? They have slick marketing and a good supply of coins for sale. However, the coins in almost all cases are vastly overpriced. I called them out on it and got so hokey pokey answer that they supply the best customer service.
You should do a vid on how to spot fake Chinese PCGS & NGC slabbed coins if you haven't already. I like both too. Raw and slabbed. But slabbed are the hardest to authenticate due to the fact you can't physically examine the coin. Also with all the super duper computer technology why have they not come up with a computerized coin grading software program? This would eliminate human grading differences.
I agree, Daniel & Robert both have taught me more than everyone else on the web and off. When I have a question I don't go looking around for answers, lord only knows what you'll hear. I just go to CoinHELPu and chances are Daniel already has something on TH-cam about it. If not I'll check out Robert, I would almost bet one or both of them has plenty to teach someone willing to listen and learn.
Dealers are always promoting raw coins. Good grief. l I'd never buy one. Don't care. No slab, no buy. I'd put it in a soda machine for a Dr. Pepper. NGC or PCGS only. No ANACS. There's a reason why professional coin grading and slabbing is a $50-million plus dollar industry. It holds dealers and sellers accountable for what they're selling and many don't like that.
Yes, I did. You intentionally mistitled your video suggesting reasons why to “never buy slabbed coins” then proceeded to produce a video describing why not to buy slabbed coins that have obvious problems. Reread your video title...it does not match the video’s content. I responded to your title. It’s no secret; dealers and sellers hate slabbed coins for the reason presented in my response. Your video’s title is misleading..and you know it.
@@jamesgossweiler1349 I didn't mistitle anything. These are the 6 reasons you should never buy slabbed coins and that is a fact. It is you who took it different, most people didn't if you read all the comments and 10k people watched it.
10,000 viewers don’t mean 10,000 agree with you. Read your response to me...you make the same mistake again. ‘These are the 6 reasons you should never buy slabbed coins” means “don’t buy slabbed coins and here are the six reasons.” It makes no matter...dealers hate slabbed coins and we both know why....
The only thing that makes me pause sending coins to get graded is the human element. There are no two sets of eyes alike and no two opinions alike on the grade of a coin. At least not that I’ve ever heard of anyway. And I hate the fact that if you want the best value for your coin you need it slabbed. Auction places don’t like raw coins either. What if some guy shows up to work at PCGS Monday morning and had a horrible weekend. He’s all upset and possibly hungover and really just doesn’t want to be there. You want him grading your coin? I surely don’t. And because there are human beings that work at the grading companies you know damn well it happens.
U.S. I get top pop slabs off and on. Mostly deal/collect now. Narrowed it down to only 2 type coins overall low pop last Century. Too much supply. Might get occasional errors.
I had one, the salesman from Gold Bureau told me this was a rare coin and it would go up in value. I have a lot of silver, but I could never get a true value on what that coin was worth, I only knew what I paid for it. I ended up giving it to a friend for his birthday, I will stack for the spot and be happy with that. I like knowing what my stack is worth at any given time. I paid $141.00, it made a nice gift.
You have to know your seller. For instance I deal with many sellers. I want to get to know each one. As one fine seller has said many times, "if you don't trust your seller, say so long." It's that simple and if the price is too good...RUN. It's all common sense, just like it is buying a car or home. Do your due diligence. I am not a grader and there are too many counterfeits, flooding the entire hobby. NGC, PCGS, PSA/DNA as do others honor the value of the item if it gets by and is counterfeit. There human an may have forgotten to weigh the raw coin. Slabing is not 100% accurate but raw coins can be very deceiving. Happy hunting.
I like slabbed silver eagles. I only collect PR 70 SP 70 DEEP CAMEO or ULTRA CAMEO also MS 70. I collect sets of the new MORGAN and PEACE dollars reverse proofs SP 70 proofs specimen proofs and enhanced proofs. I love low montages I have 5 1995 W PR 70 slabbed eagles. I have 3 2020 W V75 PRIVY MARK. I love certified slabbed AMERICAN SILVER EAGLES I own over 700 of them. I OWN 4 complete 76 pc series silver eagle sets PR 70.and MS 70. I also have 5 mint tubes of each year BU silver eagles 1986 -2024.
Buying SIGHT UNSEEN is the reason they started slabbing coins. But I would rather own the coin. Today there are SO MANY FAKES! Back in the 1990s it was not a question. Maybe I should buy a detector and see if the coins I bought in the 1990s are real. Yes I should, but I am pretty confident. IMHO
I have 25 gold pieces, coins mostly, some bars, mostly all a quarter ounce or less. I have just ONE slabbed coin. And I hate it. I love the coin but I hate the giant slab it's in. I like to touch my gold and see it up close, without obstruction. I don't give a rat's ass about "resale value", although I suspect I'd have no trouble selling them raw quite easily anyway and for good profit. I think the entire "slab" industry is ridiculous, and it opens the door to massive scamming. Maybe for some rare things, and for some people, slabs are okay. But not for me.
Sir Daniel, This Video has been 3yrs ago stated since it was UPLOADED in your CHANNEL have you ever received a rumor of a (PCGS) coin slab NFC technology being counterfeited?... Coz I think when it comes to that kind of anti-counterfeit security feature, the said company is a TOP leading choice. 🕵♂💖💖💖👍...
My website portsmouthcoinshop.com/
Coinzip www.coinzip.com/coinDealers.php
Sonically sealed can be simulated with solvents. Most of these plastic cases are made from styrene. Mek can be used to fuse the case. It will look like a sonically welded box. I think weight might be one of the best ways to check for a fake clamshell. Next use a caliper to measure the case and coin placement area.
How to fix the industry? Use plastic formulas with a trace element in the mix. Would make testing easy. Change the formula every year or more. Make serial numbers cross reference that trace marker. So many things that can be done. Easiest way to talk them into changing is pitch it to them as another service a person can buy in advance of getting a grade. Case marker verification. Have a overnight authentic check service. Makes it easy for the seller to ease someone’s second thoughts.. also let the grading company make some scratch on the side.
Hi @CounHelpu I am getting into NGC coins what you think or just stay away from them thanks
@@jamesdisney647 Use the coinhelpu community the link is in the description of this video.
Once you start talking about slabs and “sonic sealing” and styrene and MEK and welding you are no longer a collector, but a speculator. A money grubber. A profit seeker. You are no longer a hobbyist, but a peddler. End of rant.
@@busterbiloxi3833 you make no sense.
I was about to comment asking what you may be smoking... and after watching it I want to commend you on a great video. Knowledgeable and absolutely spot on!!
I'm wanting to know. He's high on sumpin.
@@bradtankersley4867 Slabbing is a CON!!
I prefer my coins graded in slabs mainly because I know exactly what they are worth and I have a solid starting point in negotiating the sale of the coins. Plus the added advantage of the coins being protected. And I’m not a fan of toned coins whatsoever. Raw coins are fine and I have a lot of them but it’s anybody’s guess what they’re worth without a 3rd party grading service certifying them. NGC is my favorite because I like their holders the best but I have my share of PCGS slabs too.
Your slabbed will tone and then what, value drops
It's a lot of thinks you need considering before You Buy a coin no matter what if is graded by pcgs por ngc.
Not because the pcgs, ngc holder say that the coin it's in a ms64 You will pay the price. Espacially if You Buy a rare coin.
Ejample : if You Buy a common Morgan cc ms65 low end probably You are pay for a ms64 high end cc.
But the pcgs company give a ms65 beacuse de eey appeal not because it's a ms65.
Thats what we call over grade.
They are more conservative when they grade a rare coin .
Thats why i allways Say ,Buy the coin not the holder. It's a lot of places (like this chanell )
You can learn to spot a well graded coin.
Toned coins are absolutely beautiful! You’re crazy!
The price paid for being greedy? Why are Whyte ones so ever-loving greedy and full of covetness?
@@roystroble3354 added value
Ty Daniel for sharing your thoughts and knowledge with us ALL. I appreciate your time. HUGS and blessings for ALL
Thank you!
I don't really understand slabbed BU coins. Specialty coins, yes. Plain, regular coins, no. Maybe a first year coin. But that is it.
Thanks for the teaching moment Daniel good information
TY Danielle I didn't know.. Now I no
When I buy large cents in slabs.....I always free them
It sounds like there are other reasons TO buy slab coins. When I clicked on this video, I thought, by the title, there were NO reasons to EVER buy ANY slab coins.
Paid $1,050.00 for raw Huguenot Walloon in 1985 (dealer graded ms-65). Had it sent in for pcgs grading 1988. It came back a ms-66! Sold it to the same dealer I bought it from for $6,000.00. Would like to hear other collector's experiences.
Freakin awesome!!!
Are you a coin collector or a money grubber?
@@busterbiloxi3833 I got blessed. Rare for this to happen. I also found a 1916 Standing liberty quarter in a dealers "junk silver roll".
Morning Daniel! Before I started watching your videos I made some of these mistakes when I first got in to coin collecting. Now I have the best teacher. Thank you again my friend!
RIGHT ON THANKS
Thank you
Dan is awesome let's giving some buys even if you make a small purchase Let's help this guy out
I was lucky enough to find three of good truthful local coin dealers to keep me out of trouble in my beginning looking for slabs. You would have been on my list.
STAY AWAY FROM SKYLINE COINS!!!! They dip/clean their Morgan's!! I've been beyond burned!!
I love raw coins. If I buy a slabbed coin, I break the coin out as soon as it arrives to my house. In fact I love middle to lower quality coins because of their character. I have a 1903 Morgan on the way that’s coming out of its slab, same with a 26s Buffalo nickel. And I’m also on a fixed income and have no ability to buy $250/300/500 coins. Best Regards
If you ordered any coins and they are shipped from China, you can kiss your $ goodbye. The counterfeiters are killing this hobby.
SLABBING is killing this hobby! It's a complete CON. I would NEVER use it.
NGC is my favorite slab atm. They take pictures of every coin and you can compare the picture to the coin you're looking at buying. That's a very nice feature.
That’s not true plenty
Of coins in the market that ngc failed to take pics of!
Ngc is only about ripping off the consumer, by charging for photos, when they should protect the consumer! Call ngc tell them to protect the customer!
Yea only a couple of myn have been photographed.
Neil I totally agree with you but that doesn’t stop me from burning down Atlanta
You should worry more about being a traitor with that racist flag
I've been coin collecting since 1982 - slabbing is for amateurs!! Get a decent coin book, and learn how to properly grade a coin!
It is a shame that there is so much scamming in the coin collecting world. I would imagine that any item that is collectable has the same issues. It is important to learn as much as possible about what you are collecting and hopefully avoid getting ripped off. Thank you for giving us so much information. It shows the integrity and honesty that you have. Shows how many do not.
Unfortunately its an occupational hazard and always has been just pays to stay sharp.
The same thing goes in the precious metals world. Especially bars in assay cards.
Wow, that’s low, people making fake slabs! That’s my security blanket shredded! Thanks for the info, but how can we verify? How do we know?
I check NGC and look up the number on the slab. I dont buy them often but I pick them up if I see a good deal.
Yeah I got a good friend, he has been a coin dealer over 20 years that got burned, about 5 years ago, on about 20 fake slabbed common date mercury dimes , he showed me, he said since they were common dates vs key dates , he let his gaurd down and failed to inspect them as closely as he would have if they were key dates.....I think he lost about $120 bucks or so on that deal.....I have not forgotten that
@Blake no doubt. I picked one up from Ebay and it looked like the label was a fake and the coin had a huge scratch on it. The seller told me that is the reason for the MS69 lol. Sorry but it doesn't work that way so just return my bread.
@Blake Luckily it's getting harder. PCGS now has NFC built into all new slabs for extra verification.
@Blake I mean right, that's why I said "it's getting harder". Gold Shield has been around for a while, and both NGC and PCGS have photos of coins for a bit extra for quite a while. Fakes are usually pretty easy to spot. I've only been paying attention to coins again (for the first time since I was a kid) for about 6 months, and I can pretty easily spot most fakes they show in vids, even for coins/products I've never seen before.
You threw me a curve. At first I thought you were just going to say to stay away from slabbed coins period. I can understand and agree with your 6 reasons.
Nice and informative Video
Best wishes from Germany.
First of all they're verifiable and I can check the registry and see how much they're valued at so I know why dealers wouldn't want that.. I don't stack slabbed coins.. but I will buy them occasionally based on value and limited edition if there's 25,000 Trump coins that are slabbed at proof ultra Cameo you better I'm going to buy them if they're only 25,000 of them left worldwide.. but otherwise I will buy the stacked 10 oz or 5 oz bars
NGC and PCGS grades are WIDELY accepted. The vast majority of the coin buying public won't question a grade from one of these two companies.
And their websites should confirm that the slab and coin match. That's no guarantee the slab isn't a perfect copy, but it's a good start.
@@richardweil8813 i was under the assumption toning value was based on the buyers preference that there was no set value for tones unless toning indicated damage or cleaning.
@@richardweil8813 your point bears repeating “there’s no guarantee the package isn’t fake” up and until you check on the website, personally. I’ve seen very nice fake Rolexes, but they can’t even come close to faking the packaging, go figure
Sometimes the older slabs even get a premium because people say they graded more conservatively back then.
So what might have been given an MS64 grade back in the 1980s might get an MS65 today.
Sometimes that one grade can increase values by ALOT of money.
No company should ever go unquestioned, regardless of their reputation.
Awesome Video Daniel, you rock thank you!
Anytime! No explosions but I leave that up to you!
@@CoinHELPu LOL fair enough :)
Silver Seeker I watched your video and Daniel's video tonight. Fair perspectives from both of you guys, slabbed v unslabbed. Lol
There's always going to be a time when we must decide to choose between buying a slabbed or a raw coin. It was interesting to hear the different reasons you guys gave in your respective videos.
Thanks Daniel and Silver Slayer. 👍🏽👍🏽
The biggest value I have seen for purchasing slabs or having raw valuable coins slabbed, beyond what was stated, is family understanding if something were to happen in your life. Example, let’s say Johnny established a solid future based upon his expertise and collecting over many years. He has many coins! If his significant other, family or some type of executor has no clue or knowledge of any value. The investment can potentially be lost due to that lack of knowledge. Whereas, if the majority were slabs, it provides a much simpler version of investigation and valuation which could be the difference in that investment. It is strangely like an insurance that some valuables won’t be misinterpreted or lost in translation to collectibility or potential value. Do it for the family who rolls their eyes every time we make that purchase! They will appreciate it later, hopefully, much much later!
I don't buy ICG slabed coins
Maybe they should use AI to grade coins.
an AI that was made by man. lol 😂
I've been buying slabbed 40 50 wheats MS 65 66 off ebey at decent price I think $19-27 . I realize that's a very common grade on common coins but I like em
I am sincerely happy you are well and continue to teach us.THANK YOU ❤
Thank u. I'm new to this awesome stuff
I'm #1. Just don't like the look and feel of coins in slabs. I don't go for stuff that's that special anyway
I'll never ever buy a ICG graded coin I'll only buy PCGS NGC or ANACS them are the only ones that are really respected
t I like to buy slab NGC Morgan dollars. It is not easy to get straight graded coins when you submit them.
Hey Daniel thanks for taking your time out to educate a new generation of silver stackers. Really appreciate people like you bud
I don't buy slab coins because I am a amateur. That's why this is great information for me. The more information the better!
Ive been at this as a kid and later in retirement. Ive really learned a lot in the past two years by accessing sources like Daniel. I have read so many articles about coins and have learned a ton off the internet on established honest sites. I have not found a local coin dealer that I trust and can create a friendship with. So I scour You Tube, coin sale sites, and so far Ive been lucky and not been ripped off. I have my coins weighed and measured for proof of authenticity.
Your forgetting a couple other reasons not to slab. First, slabbed coins are NOT for collectors. They are for people who don't know anything about coins!!! Those who need others to tell them if it's real and to grade it for them. Collectors don't need any of that. They can grade it themselves and that $30 piece of plastic is just in the way! Plus, you can sell your coins for $40 less if they are not slabbed and make the same money!!! If the dealer wants to drop money on a slab, let him ;) To me, if it's not going north of $150 forget the slab. Even then, if I can get $125 unslabbed and he can get $150 slabbed, I am better off :)
I must not know anything about coins! I love them. Bulk submission I only have $9 to $12 in each coin. I have made tens of thousands on coins I had graded. Worth much more in those holders. One sold for 40 grand
i don't have a single slabbed coin, and don't really want one. i avoid them like the plague.
Why are you so much afraid of PCGS or NGC certified products?
Every coin i have is graded silver coins will never buy ungraded coins just my opinion
Will slabbed American eagles get milk spots ??.
Nope they have them from the mint
In Switzerland where i live slabbed coins are not popular and not common.
I've bought three coins that were pcgs slabbed that were still fakes.
Not a fan of graded coins, Not a fan of CNC sticker coins. Just my opinion.
Most people who buy coins don't really know the value of an unslabbed coin. They increase the value of higher end coins and it's hard to sell an ungraded coin over 2x gold value or 5x silver value or more than $200 on base metal. But for me, the biggest problem with graded coins is simply the extra cost that has to be added to offset the cost of grading. If you are buying the coin for the coin, then buy the coin. Slabs are used to hoodwink buyers into buying the markup unessicarily. Whereas from a business perspective it makes sense because that is where the market is, you still are forced to upsell the holder and not the coin.
I like buying graded coins if they are a key date that may be faked or overgraded. Always educational Daniel. Thanks for the great videos. Your collaboration with Robert of CoinOpp is fantastic. Now we need a video on the top reasons to buy a graded coins.
Thanks for the info. It is very valuable.
I know this is an older video and maybe your view has change, maybe not. But I find the most typical person who dislikes slabs are dealers. While I am quite comfortable determining coin grades and don’t require a slabbed and graded coin for certainty,, many people are not and rely on propley graded coins in authentic slabs from reputable grading services that typiclly provide an accurate assesment of the coin’s condition.
Now back to my comment about dealers, and please understand I am not saying ALL dealers but many I have personally dealt with over the decades at shows and in shops in my years of travelling to buy and sell coins, I have met an unscrupulous amount of dealers. Dealers who who would rather underpay for an ungraded coin that they insist is a lower condition (when it it not), than rather be presented with a slabbed coin from a PCGS or an NGC for example, and puts a detour to a blockade to their under-assessing coin condition practice.
So for many, I say stack those slabs.
You misunderstood. I never said I didn’t like slabbed conns in this video. I love slabbed coins. I submit coins all the time and do videos on the submissions. So you got to watch the entire video.
@@CoinHELPu I watched the entire video, but more reacting to your video’s title that you chose to use.
It seems like you might have to rephrase some things, as some people here in the comments don't have the braincells to comprehend what you're saying
I think they're just responding to the title and not even watching. A bad habit I see on TH-cam.
Thank you, sir! Great information!!!
Morning Daniel!!🍵 Ur in fine form today!😊 I like having my key dates in slabs, but you forgot to mention that slabs make one's albums too lumpy, yuck, yuck!!🤣
Do they make albums for slabs?
@@davidho2977 Yes!
@@davidho2977 Try Lighthouse Coin Supplies.
I learned my lesson on an anacs 1889cc, they were very rare, couldn't even find them except in ag03, so I bought this from a dealer online I had good luck with previously. well I dropped it and the slab just popped open and a week later they started popping up all over in roughly the same grade in ANACS holders, I've had it for years, I guess it's about to send it in to see if it's even real.
Slabbed coins is like synchronized swimming very subjective and not to everyone tastes.
the "international numismatic bureau" the slabs with the green tags on white foam; those tags can be easily removed with a heat from a hairdrier or a better a heat gun on low (300-325) the tag will go all black then it comes right off.
So how can you tell if a stabbed coins in a legit holder?
Take a MS70 coin graded by one of the top tier companies and compare it to their MS69 coin and tell me the difference. And if the coin is scarce or rare, the point differential value can be enormous. I've been collecting error coins and you see people selling a common coin and listing it as rare. I know the difference but there are a lot of relatively new collectors who will pounce on the ad. They can't do that if it's slabbed. Good vid, although you are throwing around terms like dimple, etc. that could confuse new collectors.
MS is all FANTASY rubbish!
This was very informative. I'm sure you are appreciated by many many collectors.
Useful info .
Daniel, you are providing exceptional education and value to us. I'm binge watching you this morning to catch up.
Expert advise is always appreciated. Thank you for your contribution to the community 🙏.
Why you should buy slabs.
Premiums.
$38 ASE BU
$40 slabs, random years ms69
Thanks for the info. I like slabbed coins too.
I don't like how coin graders use their bare hands to handle the coins while grading.
Gloves get as dirty as hands
I bought a couple of slab pandas, they were $1-2 over the going price, so I said Wtf.
I was buying 2020 SAEs over spot for my shop.
I am not a coin collector who likes to look at the coin through plastic. I like to hold it, weigh it, etc. I can see where some people might like their coins verified, but then it's in a plastic container never to be held again. It's like a little coin zoo. It takes the coin out of its natural habitat.
I agree!
If a whistleblower is not dead or in jail or on trial, they are not a true whistleblower.
I never claimed to be one
As always great information. Thanks for stopping by the auction last night. Have a great day Daniel.🙂
Did you enjoy the coin show
Yes, video coming.
The title is somewhat misleading. It sounds as if you are against buying slabbed coins, when you are really warning against scams and tricks related to sellers of slabbed coins. Otherwise good job as usual.
th-cam.com/video/grt_QNpURuQ/w-d-xo.html
@@CoinHELPu Was that the video you wanted to link to?
Buy the coin, not the slab!
Looking for a PF70 Canadian Bigfoot Privy....yeah, Bigfoot doesn't exist, guys. Yet the Canadian govt green lights stamping one onto one of their issued coins.
So am I. I want one.
@@CoinHELPu They were all over eBay in 2018, into 2019 for anywhere from $125 to $150. And one could easily had a PF69 First Day for $40 to $50. Heck, I think I even saw those for $33.95 shipped.
I went on there the other day thinking, "I've REALLY wanted one of those, so if they are still up there in price, I'll pay it."
Back in 2018-19 I thought $100+ was way too steep, and they would come down. No such luck. I JUST checked eBay before posting this, and the last single PF70 sold was on March 23rd 2020, for $155.50 on a bid auction type. Fml
The current listings show a "lot" of 10 slabbed PF69 First Day NGCs for $550. But something seems off with them. They all look as if they are excessively "dished."
And the colors are off, as well. The maple leaves seem as if they are too light all over. The leaf should have distinctive silver veins, with the Lamina of the leaf having a dark "silverish" tone, in contrast. These don't. Pass.
Thanks! I’m a brand newbie at touching coins. I actually took a hammer to a slabbed coin trying to break it out so I could place it in an awards type gift box. I stopped and decided to check your videos out before going any further. Gosh I’m such a dork. Well it’s a gift to my son; I’ll just give him my untampered one. No harm no foul. Thank you for the lesson. If I would have broken the case open, what would that have done to the authenticity or certification of the coin. All bets off?!?
@CoinHELPu same reasons 🤜🤛
Ty you for all the great videos and info, keep up the good work
Was super confused on this vid on why we shouldn’t buy slabbed coins
Did watching it clarify that?
The guy said that he liked slabbed coins, and then gave six reasons why not to buy them. The man is confused.
I only buy slabbed coins (or coins from the mint and send them in for grading), but I do agree with a lot in this video.
I do the opposite. No slabbed coins in my collection but i live in Switzerland and slabbed coins are not popular/common in my country.
Before I watch the video. I'm bringing up oak island. Please tell me you're still watching them change north american history books?
I don't miss and episode!
@@CoinHELPu me either. I've wondered about that money pit since I was 11. They are really getting into so crazy stuff I didnt see coming
I believe the treasure was found by the 3 guys that originally did the digging by hand. They divided it up and didn't tell anyone. My opinion only.
@@kennethlarsen4805 it's possible. Either way I'm stoked to know for sure about the deal money pit. But, I really like all they are finding as to relics and structures. Those pieces of history are treasures for sure. Either way let's wait see who they prove left the treasure and who built such an elaborate system to protect a treasure, and what was so important
Good show. One of my favorite docu-shows out.
Great video! Thanks for the info. I'm a new collector and there is a real strong draw to go for slabbed coins (even over buying directly from the Mint) to be able to assess coin values, especially for resale or to help educate those who may inherit them. I've seen your video regarding AI software to grade coins. I do hope that the industry goes in that direction.
Slabs are for collectors, raw coins are for speculators.
I assembled a set of PR-66 Liberty Nickels 20+ years ago. I have watched them steadily decrease in value over this time, one, because the market hasn't been great for non-gold or non-silver coins AND two, they are finding more high grade coins that increase the population and decrease the value. I do believe there is a fair amount of "churning" where folks are removing coins from slabs and resubmitting them, which increases the population count (but not the actual population.) And, my pretty PR-66 coin is nice but it isn't CAM or several of the other new "premium designations" that are popping up. So, they remain in the bank vault for some future generation.
That's too bad but these sets can be cyclical and return to popularity; a long view is frustrating though. Classical silver commemoratives (1892-1954) collapsed from their highs in the 1980s but may be coming back. If you set includes the key dates (1885, 1886, 1912-S) those should hold up over time.
thanks for the info! I would view this video as 6 things to avoid when buying slabbed coins; not 6 reasons to ever buy slabbed coins. Buyer beware is always good content though! thanks again
But that title isn’t as catchy
@@CoinHELPu No, but it's borderline clickbait. Same as being "catchy".
@@rvnmedic1968 there’s nothing wrong with clickbait titles as long as the video is factual, accurate or isn’t misleading. The whole reason to do videos is to attract viewers to important information and to reach more people one has to dress up titles a bit.
Just some people have ego issues when they click on a video and it’s not what they thought, because they misunderstood the title.
Faking handbags is one thing, but counterfeiting bullion just takes the cake. And still there’s no pushback, counterfeit away PayPal and EBay will give you half of your money if you’ve been had. Ps if it’s too good to be true it always is
There is a standard system for Grading coins set By ANA. What would be nice if the Grading services would explain thier Grades
You got me with the clickbait title, sir haha. Nice video
At least you got it, some people didn’t
I have been SO burned buying raw Morgan's (early in my coin collecting hobby) that it's INSANE!! I bought most from a large dealer who sends out the really fancy catalogu e each month.
You wouldnt be talking about Littleton Coin would you? They have slick marketing and a good supply of coins for sale. However, the coins in almost all cases are vastly overpriced. I called them out on it and got so hokey pokey answer that they supply the best customer service.
@@jjh5728 that's one of many. I SERIOUSLY have at least 35-45 raw "BU" Morgan's...according to a local dealer, almost all cleaned!!!😡
@@jjh5728 - Stay Away from Skyline Coins!!!
Do companies still charge if you get a cleaned comment?
Yes
You should do a vid on how to spot fake Chinese PCGS & NGC slabbed coins if you haven't already. I like both too. Raw and slabbed. But slabbed are the hardest to authenticate due to the fact you can't physically examine the coin. Also with all the super duper computer technology why have they not come up with a computerized coin grading software program? This would eliminate human grading differences.
Guys like you and Robert Lawson are bringing integrity and sanity into the coin collecting world! Nice video, great info!
Thank you
I agree, Daniel & Robert both have taught me more than everyone else on the web and off. When I have a question I don't go looking around for answers, lord only knows what you'll hear. I just go to CoinHELPu and chances are Daniel already has something on TH-cam about it. If not I'll check out Robert, I would almost bet one or both of them has plenty to teach someone willing to listen and learn.
Dealers are always promoting raw coins. Good grief. l I'd never buy one. Don't care. No slab, no buy. I'd put it in a soda machine for a Dr. Pepper. NGC or PCGS only. No ANACS. There's a reason why professional coin grading and slabbing is a $50-million plus dollar industry. It holds dealers and sellers accountable for what they're selling and many don't like that.
You didn't watch my video
Yes, I did. You intentionally mistitled your video suggesting reasons why to “never buy slabbed coins” then proceeded to produce a video describing why not to buy slabbed coins that have obvious problems. Reread your video title...it does not match the video’s content. I responded to your title. It’s no secret; dealers and sellers hate slabbed coins for the reason presented in my response. Your video’s title is misleading..and you know it.
@@jamesgossweiler1349 I didn't mistitle anything. These are the 6 reasons you should never buy slabbed coins and that is a fact. It is you who took it different, most people didn't if you read all the comments and 10k people watched it.
10,000 viewers don’t mean 10,000 agree with you. Read your response to me...you make the same mistake again. ‘These are the 6 reasons you should never buy slabbed coins” means “don’t buy slabbed coins and here are the six reasons.” It makes no matter...dealers hate slabbed coins and we both know why....
i agree ngc and pcgs are the best
The only thing that makes me pause sending coins to get graded is the human element. There are no two sets of eyes alike and no two opinions alike on the grade of a coin. At least not that I’ve ever heard of anyway. And I hate the fact that if you want the best value for your coin you need it slabbed. Auction places don’t like raw coins either. What if some guy shows up to work at PCGS Monday morning and had a horrible weekend. He’s all upset and possibly hungover and really just doesn’t want to be there. You want him grading your coin? I surely don’t. And because there are human beings that work at the grading companies you know damn well it happens.
appreciate your candor, learning alot thank you
I just stick with NGC or PCGS. All the reasons you gave could also apply to loose coins. Never had any problems with slabbed coins.
Thanks for the video Dan
Great content as always, thanks for taking the time to lay all of this out for us!
U.S. I get top pop slabs off and on. Mostly deal/collect now. Narrowed it down to only 2 type coins overall low pop last Century. Too much supply. Might get occasional errors.
I had one, the salesman from Gold Bureau told me this was a rare coin and it would go up in value. I have a lot of silver, but I could never get a true value on what that coin was worth, I only knew what I paid for it. I ended up giving it to a friend for his birthday, I will stack for the spot and be happy with that. I like knowing what my stack is worth at any given time. I paid $141.00, it made a nice gift.
Great video, I'm new to collecting and this information helps me immensely . Thank you so much.
You have to know your seller. For instance I deal with many sellers. I want to get to know each one. As one fine seller has said many times, "if you don't trust your seller, say so long." It's that simple and if the price is too good...RUN. It's all common sense, just like it is buying a car or home. Do your due diligence. I am not a grader and there are too many counterfeits, flooding the entire hobby. NGC, PCGS, PSA/DNA as do others honor the value of the item if it gets by and is counterfeit. There human an may have forgotten to weigh the raw coin. Slabing is not 100% accurate but raw coins can be very deceiving. Happy hunting.
Have you heard of bcg?
I like slabbed silver eagles. I only collect PR 70 SP 70 DEEP CAMEO or ULTRA CAMEO also MS 70. I collect sets of the new MORGAN and PEACE dollars reverse proofs SP 70 proofs specimen proofs and enhanced proofs. I love low montages I have 5 1995 W PR 70 slabbed eagles. I have 3 2020 W V75 PRIVY MARK. I love certified slabbed AMERICAN SILVER EAGLES I own over 700 of them. I OWN 4 complete 76 pc series silver eagle sets PR 70.and MS 70. I also have 5 mint tubes of each year BU silver eagles 1986 -2024.
Buying SIGHT UNSEEN is the reason they started slabbing coins. But I would rather own the coin. Today there are SO MANY FAKES! Back in the 1990s it was not a question. Maybe I should buy a detector and see if the coins I bought in the 1990s are real. Yes I should, but I am pretty confident. IMHO
I have 25 gold pieces, coins mostly, some bars, mostly all a quarter ounce or less. I have just ONE slabbed coin. And I hate it. I love the coin but I hate the giant slab it's in. I like to touch my gold and see it up close, without obstruction. I don't give a rat's ass about "resale value", although I suspect I'd have no trouble selling them raw quite easily anyway and for good profit. I think the entire "slab" industry is ridiculous, and it opens the door to massive scamming. Maybe for some rare things, and for some people, slabs are okay. But not for me.
Sir Daniel,
This Video has been 3yrs ago stated since it was UPLOADED in your CHANNEL have you ever received a rumor of a (PCGS) coin slab NFC technology being counterfeited?...
Coz I think when it comes to that kind of anti-counterfeit security feature, the said company is a TOP leading choice.
🕵♂💖💖💖👍...
I’m all about that weight slabs are for rich stackers lol 😂 jp I’m just poor
🤣😂 You have a FORTUNE OF BLESSINGS BRO✌️wealth is not the measure of a man👍🏼💥👣💥