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Would you crack or cross an NGC Black Holder??

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  • BillJonesBillJones Posts: 34,053 ✭✭✭✭✭
    No.

    It’s been my experience that coins in Black NGC holders command a ton of premium money that goes way beyond the value of the coin they contain. I have seen a couple of coins in those holders I would have loved to own, but the asking price was so far over the value of coin, adjusted for the overly conservative grading, that I could never afford to involved with them.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • CoinscratchCoinscratch Posts: 8,713 ✭✭✭✭✭
    Yes.

    While we’re on the subject.
    How can you tell the difference between the original black holder and the retro crap Cameonut speaks of?

  • pursuitoflibertypursuitofliberty Posts: 6,959 ✭✭✭✭✭
    No.

    @CoinscratchFever said:
    While we’re on the subject.
    How can you tell the difference between the original black holder and the retro crap Cameonut speaks of?

    No line fatty, black insert. Not even the same as retro's


    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • toyz4geotoyz4geo Posts: 1,484 ✭✭✭✭✭

    I would have to have one in hand (unlikely to happen) before I could really answer that. At that point I think I would be so happy to own that piece of history.....................

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    No.

    @CoinscratchFever said:
    While we’re on the subject.
    How can you tell the difference between the original black holder and the retro crap Cameonut speaks of?

    The retro holder has the label on the front. It also has a horizontal channel that separating the coin from the label.

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • CoinscratchCoinscratch Posts: 8,713 ✭✭✭✭✭
    Yes.

    @pursuitofliberty said:

    @CoinscratchFever said:
    While we’re on the subject.
    How can you tell the difference between the original black holder and the retro crap Cameonut speaks of?

    No line fatty, black insert. Not even the same as retro's

    Thanks! I’ll be on the hunt for it now. There must be a box of them somewhere and overlooked because of low grades.

  • CoinscratchCoinscratch Posts: 8,713 ✭✭✭✭✭
    Yes.

    @Justacommeman said:

    @CoinscratchFever said:
    While we’re on the subject.
    How can you tell the difference between the original black holder and the retro crap Cameonut speaks of?

    The retro holder has the label on the front. It also has a horizontal channel that separating the coin from the label.

    m

    Thanks! Time to revisit some old haunts. Translation: Antique, Flea Markets, and pawns. Or any place where one of these could go unnoticed.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    No.

    May the force be with you

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No.

    Not very long ago, I would have answered yes.... However, having read of the high degree of collector interest and scarcity over the past year or so, I would say no.... I would preserve it for some future slab collector. Cheers, RickO

  • ReadyFireAimReadyFireAim Posts: 1,828 ✭✭✭✭✭
    edited August 18, 2020 7:17AM
    It would depend on the coin.

    Never saw one before.
    Are they harder to crack?

    Does black holder mean melt value coin inside because that's what a gold sticker on a saint means.
    Rather redundant don't you think?

    Sorry, I should probably have read all the previous posts.

  • ashelandasheland Posts: 23,231 ✭✭✭✭✭
    No.

    Black holder, gold sticker? Never in a million years!

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    No.

    @oreville said:
    this is why I like less expensive coins in NGC black slabs.

    1938-D buffalo coins in MS-65 grade is a perfect coin in a black NGC slab.

    1881-S Morgan silver dollars in MS-63 is another great coin in a black NGC slab.

    It is best when a coin's high collector value does not compete against the high NGC slab value.

    I speak from experience.

    I own 11 NGC black slabs!!

    Not selling them!!

    Hiya Oreville!

    Great to see you posting. What do you figure a black slab premium is worth?

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited August 24, 2020 11:08PM
    No.

    I might be convinced go for something like this, but it still impacts the clean black look!

    Love this toned 1883-CC GSA Morgan Dollar :)

  • 2dueces2dueces Posts: 6,486 ✭✭✭✭✭
    edited August 25, 2020 4:16AM
    No.

    @keets ,
    Just noticed your tag line. Big fan of George Carlin. The older he got, the more his act was spot on. You’re absolutely right about the material he’d have today.

    W.C.Fields
    "I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
  • CoinscratchCoinscratch Posts: 8,713 ✭✭✭✭✭
    Yes.

    @ReadyFireAim said:
    Never saw one before.
    Are they harder to crack?

    Does black holder mean melt value coin inside because that's what a gold sticker on a saint means.
    Rather redundant don't you think?

    Sorry, I should probably have read all the previous posts.

    No need to apologize, you have a disclaimer built in to your name :D

  • orevilleoreville Posts: 11,995 ✭✭✭✭✭
    edited August 29, 2020 11:11AM
    No.

    @Justacommeman said:

    Hiya Oreville!

    Great to see you posting. What do you figure a black slab premium is worth?

    m

    My response:

    Probably close to $5000.00

    A Collectors Universe poster since 1997!
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @oreville said:
    I own 11 NGC black slabs!!

    .
    9 more and you'll have one of the most elusive and coveted boxes of 20 on earth!

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • messydeskmessydesk Posts: 20,007 ✭✭✭✭✭

    I would probably sell it and buy the coin in a holder that didn't carry its own premium. Expensive TPG exonumia isn't something I collect.

  • orevilleoreville Posts: 11,995 ✭✭✭✭✭
    edited August 29, 2020 8:58AM
    No.

    Indeed to each his own but I am constantly reminded of how original packaging can trump the item inside the package. Lionel trains is only one example.

    I also enjoy collecting nice premium quality coins in recognized quality slabs that carry no premiums of their own.
    To me it is a fun diversion.

    A Collectors Universe poster since 1997!
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    Yes.

    ** I am constantly reminded of how original packaging can trump the item inside the package**.

    and now I'm reminded of the sealed GSA Dollars that sold years ago.

  • orevilleoreville Posts: 11,995 ✭✭✭✭✭
    No.

    @LanceNewmanOCC said:

    @oreville said:
    I own 11 NGC black slabs!!

    .
    9 more and you'll have one of the most elusive and coveted boxes of 20 on earth!

    Lance, I have more of a chance in completing a box of 20 1933 Saints than I have a chance of completing a box of 20 black NGC slabs!

    A Collectors Universe poster since 1997!
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭

    @oreville said:
    Lance, I have more of a chance in completing a box of 20 1933 Saints than I have a chance of >completing a box of 20 black NGC slabs!

    i see now. you already though about it and are working on it and trying to play coy so one day out of the blue your new thread title. "mission complete. pcgs black box of 20 full of ngc 2.0 black slabs. the ultimate in numismatic crossover collecting!"

    no worries, your secret is safe with me! >:)

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • Desert MoonDesert Moon Posts: 5,781 ✭✭✭✭✭
    No.

    @WaterSport said:
    Yes - In a heart beat! I can think of everything from upgrade potential, variety attribution, etc., for my reasons why. Its PLASTIC people!

    WS

    No. It is history, and many numismatics highly value history. I guarantee you someone like CRO would get 68 money out of a NGC black with gold sticker, and many, many, would be fighting for it.....

    Best, SH

    My online coin store - https://desertmoonnm.com/
  • stevebensteveben Posts: 4,616 ✭✭✭✭✭
    It would depend on the coin.

    it really depends on the coin and what your goals are with it.

    as a collector, i would probably leave it alone and enjoy it. in my mind, it's already worth whatever i think it is.

    as a flipper, dealer, seller, whatever term you want to use...then it's a no brainer. if cracking it out gets you 5K more in profit...why wouldn't you?

  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
    No.

    @steveben said:
    it really depends on the coin and what your goals are with it.

    as a collector, i would probably leave it alone and enjoy it. in my mind, it's already worth whatever i think it is.

    as a flipper, dealer, seller, whatever term you want to use...then it's a no brainer. if cracking it out gets you 5K more in profit...why wouldn't you?

    How can you be so sure that cracking it out would increase it's value by more than $5,000?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    edited August 29, 2020 2:32PM
    Yes.

    How can you be so sure that cracking it out would increase it's value by more than $5,000?

    --- let's assume for fun that the coin is a 1940-S Walker graded MS66 or a 1951-S Franklin graded MS66.

    that's what I posted on page one as a basis for the conundrum. it trades on whether there is more faith in the Gold CAC sticker and, hence, the price increase vs. love of the holder/sticker combination.

  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
    No.

    @keets said:
    How can you be so sure that cracking it out would increase it's value by more than $5,000?

    --- let's assume for fun that the coin is a 1940-S Walker graded MS66 or a 1951-S Franklin graded MS66.

    that's what I posted on page one as a basis for the conundrum. it trades on whether there is more faith in the Gold CAC sticker and, hence, the price increase vs. love of the holder/sticker combination.

    Can you predict the grade that PCGS will give you after you crack it out with that much certainty? I sure can't. :/

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    edited August 29, 2020 2:49PM
    Yes.

    you're not paying attention, it has a Gold CAC sticker so you know without a doubt what was posted on page one and believed by the masses --- The gold sticker implies it’s likely to be at the high end of the 67 grade and perhaps better.

  • PerryHallPerryHall Posts: 46,231 ✭✭✭✭✭
    No.

    @keets said:
    you're not paying attention, it has a Gold CAC sticker so you know without a doubt what was posted on page one and believed by the masses --- The gold sticker implies it’s likely to be at the high end of the 67 grade and perhaps better.

    That raises an interesting question. Has anyone here ever sent an NGC graded coin with a gold CAC sticker for cross at PCGS and PCGS didn't give it a grade bump?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    edited August 29, 2020 3:13PM
    Yes.

    probably no one who will admit it. come to think of it, I don't know if I've ever read about a CAC stickered coin that hasn't crossed. some will say that's because all have, proof of the CAC brand. the twist is that it's hard/impossible to prove a negative.

  • stevebensteveben Posts: 4,616 ✭✭✭✭✭
    It would depend on the coin.

    @PerryHall said:

    @steveben said:
    it really depends on the coin and what your goals are with it.

    as a collector, i would probably leave it alone and enjoy it. in my mind, it's already worth whatever i think it is.

    as a flipper, dealer, seller, whatever term you want to use...then it's a no brainer. if cracking it out gets you 5K more in profit...why wouldn't you?

    How can you be so sure that cracking it out would increase it's value by more than $5,000?

    IF

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭
    edited August 29, 2020 3:25PM
    No.

    @PerryHall said:

    @keets said:
    you're not paying attention, it has a Gold CAC sticker so you know without a doubt what was posted on page one and believed by the masses --- The gold sticker implies it’s likely to be at the high end of the 67 grade and perhaps better.

    That raises an interesting question. Has anyone here ever sent an NGC graded coin with a gold CAC sticker for cross at PCGS and PCGS didn't give it a grade bump?

    I'd bet a large sum of money that it's happened at least once.

  • orevilleoreville Posts: 11,995 ✭✭✭✭✭
    No.

    @LanceNewmanOCC said:

    @oreville said:
    Lance, I have more of a chance in completing a box of 20 1933 Saints than I have a chance of >completing a box of 20 black NGC slabs!

    i see now. you already though about it and are working on it and trying to play coy so one day out of the blue your new thread title. "mission complete. pcgs black box of 20 full of ngc 2.0 black slabs. the ultimate in numismatic crossover collecting!"

    no worries, your secret is safe with me! >:)

    Lance: For real. No secret.
    I have no expectations of acquiring more than 1 or 2 more black NGC slabs and was surprised that I had as many original black NGC slabs as I did.

    I just like the look of the old NGC black slabs.

    A Collectors Universe poster since 1997!
  • ZoinsZoins Posts: 34,300 ✭✭✭✭✭
    edited September 21, 2020 7:24PM
    No.

    Here's another question:

    How disappointed would you be if you dropped your coin and the black holder got a huge crack, but the coin was perfectly fine?

  • AlanSkiAlanSki Posts: 1,925 ✭✭✭✭✭

    @Zoins said:
    Here's another question:

    How disappointed would you be if you dropped your coin and thee black holder got a huge crack, but the coin was perfectly fine?

    I'd sell on eBay to a purist for yuuuuge profits.

  • jedmjedm Posts: 3,036 ✭✭✭✭✭

    I didn't vote because I was too interested to see what other people who actually had some knowledge about these things had to say, and I must now say - great thread @keets!

  • Cougar1978Cougar1978 Posts: 8,269 ✭✭✭✭✭
    edited September 22, 2020 7:34AM
    No.

    No

    I would price it based on what I thought could sell it for, cost plus at very least.

    Coins & Currency
  • PhilLynottPhilLynott Posts: 890 ✭✭✭✭✭
    No.

    I care less about holders than probably almost everyone here and wouldn't hesitate to crack a rattler or OGH even just for a reholder with trueview and even I shudder at the thought of cracking a black NGC holder

  • jomjom Posts: 3,444 ✭✭✭✭✭
    No.

    Given the requirements of the OT clearly the slab itself is the really where the value of the "whole package" lies. So, no, I wouldn't crack it out.

    I should point out that I would NOT buy such an item in the first place since I don't collect slabs. Others do so more power to them.

    jom

  • ReadyFireAimReadyFireAim Posts: 1,828 ✭✭✭✭✭
    edited September 22, 2020 4:51PM
    It would depend on the coin.

    @PerryHall said:
    Can you predict the grade that PCGS will give you after you crack it out with that much certainty? I sure can't. :/

    Well...Up to recently :D:D .... :( ... :s

  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭
    No.

    no way!

    Frank

    BHNC #203

  • logger7logger7 Posts: 8,567 ✭✭✭✭✭

    Super rare coins like that should be in the hands of high end collectors who will share the rare coins in the rare holders with other professionals. I regret many of the crackouts I did years ago after reading the Travers book about how you could make money doing that. Just stupid in this case.

  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭

    no
    no and
    no no no!

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • orevilleoreville Posts: 11,995 ✭✭✭✭✭
    No.

    I will repeat what I have stated before.
    I firmly believe that collecting NGC black slabs goes best with relatively inexpensive coins so that the black NGC slab stands out on its own.

    When a more desired and expensive coin or a tremendous upgrade coin candidate is involved then you end up with a more confusing valuation of the entire "package" in which the slab premium become more difficult to calculate and also diminishes the value of the slab itself.
    It also becomes more of a buyers market for such a slab.

    A Collectors Universe poster since 1997!
  • DennisHDennisH Posts: 13,991 ✭✭✭✭✭
    No.

    No, as in no freaking way... ever.

    When in doubt, don't.

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