Will you buy silver panda coin in blank coin slab?

Discussion in 'Modern Chinese Coins & Medallions' started by Pandamania, Jan 10, 2012.

  1. Pandamania

    Pandamania New Member

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    Will you buy silver panda coin in blank coin slab(no grading)?
    Please explain the reason. Thanks.
     
  2. fishball

    fishball New Member Silver Stacker

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    I wouldn't...

    It's either OMP or Graded for me.

    Reasons:

    - Authenticity
    - Harder to sell in the future due to above reason
     
  3. yennus

    yennus Well-Known Member Silver Stacker

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    Got a pic of this blank slabbed Panda? :)
     
  4. meeko2011

    meeko2011 Member

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    OMP for me as well up to 2005
     
  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    It's probably a fake ,I got caught with 2 slabbed fakes
     
  6. Pandamania

    Pandamania New Member

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    I have the concern of authenticity too.
    I may stay away from the blank-slabbed panda coin.
    yennus: I don't have the clear picture of the coin. Seller's picutre is small and not clear.
    I'll ask the seller if he can send me a close-up picture.

    Does OMP mean double sealed in capsule and plastic sheet?

    spannermonkey:How did you find out that the slabbed Panda coin is fake?
    Was the blank slab easy to open or you had to damage the slab to get the panda coin out?

    Thank you all for your posts.
     
  7. fishball

    fishball New Member Silver Stacker

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    OMP = Original Mint Packaging, in pre-2005 Pandas they will be double sealed and capsule.

    Post-2005 Pandas only come in capsule.
     
  8. Anthony

    Anthony New Member

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    A slab, other than when from a known grading/authenticity company such as PCGS or NGC, would just be an easy way to cover up any real problems with the coin.

    It will mask the weight, feel and other defects.
     
  9. hkpanda

    hkpanda New Member

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    Stupid question - what is a slab? Is that the tray that a single graded coin is sold in? It looks good on the displays in the shop I visit.

    AFAIK, in my limited experience so far (about two weeks) - a coin comes in a capsule, and 30 capsules can be fitted on a tray which is in a sealed plastic bag but it's not a vacuum seal. The capsules themselves don't look like they are airtight and I'm not about to open it to check. :) I've cut open the plastic bags so I can repack the capsules in little glad wrap sealed bags and put it in the bank. I've kept the trays just in case a future buyer wants them. Please tell me it's ok to have cut open the plastic bags!

    HKPanda
     
  10. fishball

    fishball New Member Silver Stacker

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  11. Austacker

    Austacker Active Member

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    That is OK keep the trays.

    Slabbed = Graded by a coin company the big ones are NGC and PCGS anything else is a gamble, but you still need to be knowledgeable to look out for fakes. I am still learning as well.
     
  12. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    They weren't blank slabs ,they were from another grading company I never heard of ,they were really rare in numbers
    I started doing some homework on them when I got them home & I picked the difference just from pics on the web.
    I took them to another dealer to have them XRF tested
    Test as silver & gold plated ,I did get my $ back

    DON'T ask who I bought them from ,just do some homework as to the one & only dealer I throw rocks at :)
     
  13. fishball

    fishball New Member Silver Stacker

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    Don't buy stuff from unknown grading companies rofl... :)
     
  14. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    It was my first slabbed coin & my first Panda :D
    Moral of the story
    Don't buy bullion from former car salesmen ;)
     
  15. Austacker

    Austacker Active Member

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    No, moral of the story do your research first :)
     

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