• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Michael Byrne

A journal by MIKE BYRNE

1 1
  • entries
    21
  • comments
    270
  • views
    1,972

Why Do I Slab Conder Tokens?

0
MIKE BYRNE

Entry posted by MIKE BYRNE ·

1,919 views

Hi everyone. This is probably the most asked question concerning Conder Tokens. Some reasons are justified why they should not be. Let's go there first. The big dealers and sellers and experts will tell you that the grading companies do not know allot about these. There right. P.C.G.S. Does not even mention edge writing. This is important concerning rarity. Some labels are wrong even here in NGC. I wrote a journal on the Franklin Press. They have it down as a colonial. It was not made here and never circulated here. Handel Reverse are out in the obverse.These are a few but major. 

Now why do I Slab mine. Well first we don't believe in there grading system I Slab mine for protection. Especially those that are of great importance.Just like I would protect any coin or medal. There valuable and to have the whole Coventry set complete by Kempson which took five years I'm not going to let's the sit in a two by two. Anything can happen. There old and we want to keep them in there condition. Now I suggested to NGC who now has a London office you want to slab them follow my suggestion. The label will state all the regular information. However when it came to a grade leave it off. We know the fair market value of the masterpieces. Who wouldn't slab them. There protected you skip the grade which will lower the price let's say fifteen dollars. They would make up the difference based on increased volume. Put the British flag on them they were made there. Now you have a prized token protected with no grade. Most of my collection is raw. There are currently thirty eight between the two sets and any Conder expect will tell you the grade. This way you can both come.to a reasonable price. 

Americans would slab there dog I think it they thought they would get a higher price.That's what this is not about. Look at any slabed token with a high grade. In America that comes with a high price. So you see my collection is not all slabed but there are tokens and I did decide whose tokens should go on for another 250 years. We have to preserve them. There part of our history. And everyone tells a story. With the elements in the air they will eventually get to the tokens. We should be thinking about future generations. This is why I slab my tokens. The rare ones.the beautiful ones have to be protexted. So if NGC was to come around and meet us half way we both will benifit. Don't you want to save them for your kids. Or do just want to flip them. That's up to you. I still believe my Coventry set complete is the only set anywhere. They will be around for a long time. I'm still asking after years is there  a complete set out there raw or slabed. Besides all of them are MS. Noticed I didn't put the grade down. MS is a condition of a coin ,token of medal has nothing to do with the scale. You need both. To make a graded token. So NGC I hope your reading this and feel free to contact me. I hope You understand these better. Thanks Mike

0

28 Comments

Recommended Comments



Revenant

Getting something graded and encapsulated with the main goal being to protect it / preserve it I think is more common than some people give it credit for. As I've said in posts on the boards, protecting the notes, which are on fairly cheap / low quality paper, is my primary motivation in building a set of PMG graded Zimbabwean banknotes. I've said it myself many times - the PMG grade doesn't really add any value in this series unless you luck into something like a 68EPQ, 69EPQ grade. Anything lower than that? the increase in the sale price of the note barely covers the cost of bulk grading for dealers - it's less than the cost of grading if you're submitting individual notes yourself. So it's 100% not about the value for me. It's 100% about the long term presentation and preservation of the set. I have coins that fit into this same category - bought graded for preservation and presentation, because I really do like the new generation of NGC holders. I like them a lot.

 

Edited by Revenant
Link to comment
longstrider

You clearly are showing your love of the hobby and your tokens. It is nice to read that you pay the price and it isn't cheap just for protections sake. I will agree with you. It is amazing the copper is in such great shape. Thanks for sharing with us Mike.

Link to comment
Mokiechan

You are a collector in the purist sense of the word.  I know you appreciate the increase in value of your tokens but I also believe you collect them primarily to preserve their history and to keep them extant for future generations. 

Link to comment
thesharkJonas

I don't slab. Too much money. And ANACS has some crazy ideas, by the way. Did you know you ANACS SLABS ROLLS OF COINS????? Ridiculous. Bonkers. Out of this world. However, slabs are good for protecting coins.

Link to comment
thesharkJonas

What I don't get is why people slab proof coins for $18, when they have a market value of only $3. However, slabbing something like one of your Kempson tokens can be justified because if they aren't slabbed-- the oxygen oxidizes and the coin can be ruined-- and turn different colors. Below Is my favorite British Token, by the way...  NGC2017396-005_OBV.JPG?ps.cache=15533885NGC2017396-005_REV.JPG?ps.cache=15533885

Edited by thesharkJonas
Link to comment
Revenant
19 minutes ago, thesharkJonas said:

I don't slab. Too much money. And ANACS has some crazy ideas, by the way. Did you know you ANACS SLABS ROLLS OF COINS????? Ridiculous. Bonkers. Out of this world. However, slabs are good for protecting coins.

I'm pretty sure I've seen an NGC-graded roll of silver eagles, so it's not just ANACS.

untitled.png

Edited by Revenant
Link to comment
Kohaku

The question of slabbing is even more hotly contested when it comes to ancient coins.  For me, I appreciate the security on having an ancient coin protected within the slab, as well as confirmation of attribution and condition (even if I don't always like the result for the latter!).  Having said that, I have some ancient coins that I decided not to slab, for various reasons.

 

Link to comment
MIKE BYRNE
23 hours ago, Revenant said:

Getting something graded and encapsulated with the main goal being to protect it / preserve it I think is more common than some people give it credit for. As I've said in posts on the boards, protecting the notes, which are on fairly cheap / low quality paper, is my primary motivation in building a set of PMG graded Zimbabwean banknotes. I've said it myself many times - the PMG grade doesn't really add any value in this series unless you luck into something like a 68EPQ, 69EPQ grade. Anything lower than that? the increase in the sale price of the note barely covers the cost of bulk grading for dealers - it's less than the cost of grading if you're submitting individual notes yourself. So it's 100% not about the value for me. It's 100% about the long term presentation and preservation of the set. I have coins that fit into this same category - bought graded for preservation and presentation, because I really do like the new generation of NGC holders. I like them a lot.

 

Thanks like I said the ones that have to be protected because of what the  elements can  do.. I have many raw tokens. They are taken care of and kept away from the elements. There made of copper and bronze.Thanks is Mike

9 hours ago, Kohaku said:

The question of slabbing is even more hotly contested when it comes to ancient coins.  For me, I appreciate the security on having an ancient coin protected within the slab, as well as confirmation of attribution and condition (even if I don't always like the result for the latter!).  Having said that, I have some ancient coins that I decided not to slab, for various reasons.

 

 

9 hours ago, Kohaku said:

The question of slabbing is even more hotly contested when it comes to ancient coins.  For me, I appreciate the security on having an ancient coin protected within the slab, as well as confirmation of attribution and condition (even if I don't always like the result for the latter!).  Having said that, I have some ancient coins that I decided not to slab, for various reasons.

 

Thank you for your input. The ancient coins are made differently. These are copper and bronze. Many have been lost. I plan to save the ones I have that were made by great did sinkers and great designs. Sometimes it just has to be done. Thanks.Pat

Edited by MIKE BYRNE
Link to comment
MIKE BYRNE
13 hours ago, longstrider said:

You clearly are showing your love of the hobby and your tokens. It is nice to read that you pay the price and it isn't cheap just for protections sake. I will agree with you. It is amazing the copper is in such great shape. Thanks for sharing with us Mike.

Thank you. You understand how air can change copper and bronze. These are already 250 years old some I have that are raw. You have to protect them for future generations. Thanks Mike

Link to comment
thisistheshow

Mike, I really appreciate your love for these tokens. It represents the passion of this hobby. 

Slabbing, as you say, is not all about the grade. 

Link to comment
MIKE BYRNE
1 hour ago, thisistheshow said:

Mike, I really appreciate your love for these tokens. It represents the passion of this hobby. 

Slabbing, as you say, is not all about the grade. 

Thank you. Just as those before us protected the coins for us. We must do the same for them. No matter what it is.. Mike

Link to comment
MIKE BYRNE
19 hours ago, Mokiechan said:

You are a collector in the purist sense of the word.  I know you appreciate the increase in value of your tokens but I also believe you collect them primarily to preserve their history and to keep them extant for future generations. 

Like I always say those who came before us protected the coins ,token,and medals for us we should do the same. Thanks

Link to comment
MIKE BYRNE
16 hours ago, Revenant said:

I'm pretty sure I've seen an NGC-graded roll of silver eagles, so it's not just ANACS.

untitled.png

They have been doing this for a few years now. Anyway to get your monwy. One is not enough anymore. Thanks.Mike

Link to comment
MIKE BYRNE
16 hours ago, Revenant said:

I'm pretty sure I've seen an NGC-graded roll of silver eagles, so it's not just ANACS.

untitled.png

They all make them. NGC was the first I was years back. Thanks. Mike

Link to comment
MIKE BYRNE
On 3/23/2019 at 9:30 AM, Revenant said:

Getting something graded and encapsulated with the main goal being to protect it / preserve it I think is more common than some people give it credit for. As I've said in posts on the boards, protecting the notes, which are on fairly cheap / low quality paper, is my primary motivation in building a set of PMG graded Zimbabwean banknotes. I've said it myself many times - the PMG grade doesn't really add any value in this series unless you luck into something like a 68EPQ, 69EPQ grade. Anything lower than that? the increase in the sale price of the note barely covers the cost of bulk grading for dealers - it's less than the cost of grading if you're submitting individual notes yourself. So it's 100% not about the value for me. It's 100% about the long term presentation and preservation of the set. I have coins that fit into this same category - bought graded for preservation and presentation, because I really do like the new generation of NGC holders. I like them a lot.

 

I liken The new ones to. Thanks for the info.Mike

Link to comment
MIKE BYRNE
On 3/23/2019 at 9:30 AM, Revenant said:

Getting something graded and encapsulated with the main goal being to protect it / preserve it I think is more common than some people give it credit for. As I've said in posts on the boards, protecting the notes, which are on fairly cheap / low quality paper, is my primary motivation in building a set of PMG graded Zimbabwean banknotes. I've said it myself many times - the PMG grade doesn't really add any value in this series unless you luck into something like a 68EPQ, 69EPQ grade. Anything lower than that? the increase in the sale price of the note barely covers the cost of bulk grading for dealers - it's less than the cost of grading if you're submitting individual notes yourself. So it's 100% not about the value for me. It's 100% about the long term presentation and preservation of the set. I have coins that fit into this same category - bought graded for preservation and presentation, because I really do like the new generation of NGC holders. I like them a lot.

 

Very well said. There are many reasons to slab. Mine is to preserve the item. From anything that could damage a set. Destroy one coin in a rare set your back looking again and might not find it. Thanks allot for reading my journals. Mike.

Link to comment
MIKE BYRNE
On 3/23/2019 at 5:56 PM, Mokiechan said:

You are a collector in the purist sense of the word.  I know you appreciate the increase in value of your tokens but I also believe you collect them primarily to preserve their history and to keep them extant for future generations. 

Thanks for those kind words. You are right. They preserved them for us we must do the same for the future. Thanks.

Link to comment
MIKE BYRNE
On 3/23/2019 at 4:32 PM, longstrider said:

You clearly are showing your love of the hobby and your tokens. It is nice to read that you pay the price and it isn't cheap just for protections sake. I will agree with you. It is amazing the copper is in such great shape. Thanks for sharing with us Mike.

Thanks it's well worth the cost. And preserving history is part of our responsibility.

Link to comment
MIKE BYRNE
On 3/23/2019 at 5:56 PM, Mokiechan said:

You are a collector in the purist sense of the word.  I know you appreciate the increase in value of your tokens but I also believe you collect them primarily to preserve their history and to keep them extant for future generations. 

Thank you very much for that. But we all do in different ways . 

Link to comment
MIKE BYRNE
On 3/23/2019 at 5:56 PM, Mokiechan said:

You are a collector in the purist sense of the word.  I know you appreciate the increase in value of your tokens but I also believe you collect them primarily to preserve their history and to keep them extant for future generations. 

Thank you my friend. I'm running behind but catching up.Mike

Link to comment
MIKE BYRNE
On 3/24/2019 at 11:15 AM, thisistheshow said:

Mike, I really appreciate your love for these tokens. It represents the passion of this hobby. 

Slabbing, as you say, is not all about the grade. 

It is a passion. We have to save these for the future generations. If we can keep these in the same shape for another 250 years I have done my job. Mike

Link to comment
MIKE BYRNE
On 3/23/2019 at 9:30 AM, Revenant said:

Getting something graded and encapsulated with the main goal being to protect it / preserve it I think is more common than some people give it credit for. As I've said in posts on the boards, protecting the notes, which are on fairly cheap / low quality paper, is my primary motivation in building a set of PMG graded Zimbabwean banknotes. I've said it myself many times - the PMG grade doesn't really add any value in this series unless you luck into something like a 68EPQ, 69EPQ grade. Anything lower than that? the increase in the sale price of the note barely covers the cost of bulk grading for dealers - it's less than the cost of grading if you're submitting individual notes yourself. So it's 100% not about the value for me. It's 100% about the long term presentation and preservation of the set. I have coins that fit into this same category - bought graded for preservation and presentation, because I really do like the new generation of NGC holders. I like them a lot.

 

thank you. When you think that those who came before us protected the coins and tokens so that we may enjoy them. That makes it out responsibility to do the same for the future generations. Thanks for understanding. Some people just don't get it. Then they wonder what happened to my coins?

 

 

 

Link to comment
MIKE BYRNE
On 3/23/2019 at 11:11 PM, Kohaku said:

The question of slabbing is even more hotly contested when it comes to ancient coins.  For me, I appreciate the security on having an ancient coin protected within the slab, as well as confirmation of attribution and condition (even if I don't always like the result for the latter!).  Having said that, I have some ancient coins that I decided not to slab, for various reasons.

 

Thanks for your response I'm so sorry I'm late. The main purpose of slaving is to protect them. If you have a few rare ones at the table anything can happen by accident. Then no longer desirable. Stains falls anything. Thanks for your comment Mike

Link to comment
Kohaku
On 4/14/2019 at 3:30 AM, MIKE BYRNE said:

Thanks for your response I'm so sorry I'm late. The main purpose of slaving is to protect them. If you have a few rare ones at the table anything can happen by accident. Then no longer desirable. Stains falls anything. Thanks for your comment Mike

As an example, I found an absolutely stunning Pertinax denarius while perusing a wonderful coin shop in Munich.  The only "flaw" was a fairly pronounced flan crack.  I didn't realize my peril...when I returned home and unpacked my suitcase, I was all ready to pack up my latest coin off to NGC for grading and include into my collection...to my dismay, the coin had split into two! :-(

Needless to say, I didn't bother to ship to NGC for grading (although I do wonder is there is some reasonable method to repair it?!).

Also sorry about my late response to your response...I have take several weeks hiatus from the collection, focusing on other things. I hope to get around to some more research/postings soon!

Cheers!

 

 

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now