NGCX Question

spyglassdesign

So, I am developing a relationship with a coin company, and the salesman gave me the whole 'but wait there's more' type speech... he was pushing the NGCX graded 2023 American Eagles. I opted to stick with the standard graded coins as I am unsure how the market will react. Considering I can't find any presales on eBay for the NGCX graded silver eagles, I think I made the right decision to sit and watch.

Part of his spiel was that these will be the very first coins graded with the 'new' system (I know, not new but new for coins). Does anyone really think that having the 'first' coins graded with this method will hold any intrinsic long term value? I just don't see it capturing any real long term premium like, for instance, the 1986 Silver Eagle has as the first of its mintage.

Is everyone here taking a wait and see approach, or do you think that the uptake will be fast and furious?

gumby1234

ASE are Bullion coins. They have a markup but you should be able to get them for around $40. Plastic is plastic unless you got old slabs.

Broadstruck

Sample slabs might be worthwhile.

BryceM

Buy what you want, not what someone tells you to.

MasonG

Plenty of people are willing to buy/pay more based on the particular holder a coin is in. They post about it here all the time. Will these holders develop the same sort of following? Who knows?

coinbuf

The market is unpredictable, who would have though an ugly slab like the regency slab would go for thousands with even the most mundane coins in the plastic. Having said that I certainly am not loading up on NGCX presales, but if I was a YN I might gamble on buying a couple as long as I was not paying a premium.

spyglassdesign

@coinbuf said:
The market is unpredictable, who would have though an ugly slab like the regency slab would go for thousands with even the most mundane coins in the plastic. Having said that I certainly am not loading up on NGCX presales, but if I was a YN I might gamble on buying a couple as long as I was not paying a premium.

I'd have to buy 5 minimum to pay less than full retail and I don't think I trust that I could offload the extras fast enough... I see your point about maybe 1 or 2 tho, might be worth the risk.

291fifth

It seems that plastic has now become more important than coins.

spyglassdesign

@291fifth said:
It seems that plastic has now become more important than coins.

That seems to be a part of the marketing campaign. Especially with an uncertain market I think I was right to stay on the sidelines for now...

jmlanzaf

Too many unknowns:

1. Are the retailers taking a wait and see approach or going all in? That will determine the scarcity of the 1st issues.
2. Will the NGCX catch in or fade away?
3. What's your time line to sell? Flip or long term hold?

ColonelKlinck

1st Generation NGCX slabs will be worth a fortune 40 years from now. Your sales representative is using the wrong tactics by selling the coin and not the holder.
You heard it here first!

Project Numismatics

What was price quoted? What’s the premium over standard label?

jmlanzaf

What's the label number? I'd pay the premium for #00000001. 😀

spyglassdesign

@J2035 said:
What was price quoted? What’s the > @jmlanzaf said:
What's the label number? I'd pay the premium for #00000001. 😀

They are actually offering Gaudioso and Damstra Signed versions... I'm sure the cert numbers are just whatever they get 😅🫣

spyglassdesign

@J2035 said:
What was price quoted? What’s the premium over standard label?

This provider only offering Gaudioso and Damstra Signed versions... $20 premium over normal ms rated (also signed).

ricko

This will be fun for slab collectors... And likely there will be some future value in that sector of collecting. I wonder if there are any at FUN??? I will stick to coins, however, there likely will be a bit of excitement initially. Cheers, RickO