Better old holder sample slab?

logger7

This seems to be a relatively available NGC "fatty" slab, was wondering if it is a better NGC "sample" slab.

U1chicago

It appears to be less common. I found 5 examples that sold in the last 3 years on eBay but all were MS 63 instead of MS 64 and Philadelphia mint instead of Denver. The prices were 35/49/60/81/101 (sorted low to high and not including shipping).

logger7

I wonder if there is much upside if cac gave the coin a green or gold sticker?

chattermonkey

CAC does not sticker sample holders

U1chicago

@logger7 said:
I wonder if there is much upside if cac gave the coin a green or gold sticker?

They stopped allowing sample slabs with grades like this to be stickered a few years back. At one point this was a good source for gold stickers (the MS 60 NGC sample slab Peace Dollars and Morgans were usually better than 60). The gold sticker certainly added a nice premium. The green helped too and likely has a bigger premium now that these can't be submitted any longer.

BStrauss3

@chattermonkey said:
CAC does not sticker sample holders

Well, not any more - they did... for a brief while.

Quoting from the book:

For CAC to consider a sample, it must:
1. Be certified by NGC or PCGS.
2. Be a coin that CAC accepts (mostly classic US coins).
3. Have a submission number or serial number.
4. Have a numeric grade, not a placeholder grade like FA 00.
Almost all samples fail one of these four tests. Three broad types make up all CAC stickers seen for sale so far.
NGC steel cents (NGC-001-2-1 and similar)
NGC Peace dollars (this listing and similar)
NGC Morgan dollars (NGC-100-3-1 and similar)
On 9/27/23, CAC announced that they would no longer accept sample slabs. They cited the confusion caused by the placeholder 209440 and 199999 serial numbers. Before CAC stopped accepting sample slabs, comps for stickered Peace and Morgan dollars were about $300 for green and $600 for gold. Comps after stickering ended do not yet exist, but will presumably be higher.

logger7

@U1chicago said:
It appears to be less common. I found 5 examples that sold in the last 3 years on eBay but all were MS 63 instead of MS 64 and Philadelphia mint instead of Denver. The prices were 35/49/60/81/101 (sorted low to high and not including shipping).

So this may be a $60-$80 coin in the market.

"Before CAC stopped accepting sample slabs, comps for stickered Peace and Morgan dollars were about $300 for green and $600 for gold". That's crazy high.

U1chicago

@logger7 said:

@U1chicago said:
It appears to be less common. I found 5 examples that sold in the last 3 years on eBay but all were MS 63 instead of MS 64 and Philadelphia mint instead of Denver. The prices were 35/49/60/81/101 (sorted low to high and not including shipping).

So this may be a $60-$80 coin in the market.

"Before CAC stopped accepting sample slabs, comps for stickered Peace and Morgan dollars were about $300 for green and $600 for gold". That's crazy high.

Yep $60-$80 sounds about right nowadays. And the comps for stickered Morgans/Peace Dollars were stronger than I remember (at least for the greens).

Coins3675

Nice sample slab

oreville

@chattermonkey said:
CAC does not sticker sample holders

Not true. CAC did sticker my NGC Peace and Morgan sample silver dollars a number of years ago including a few gold sticker ones. I was told that they stopped doing so.

I still have about 60 of them.

coinkat

Not a slab expert but the denomination in the sample slab likely plays a role in the valuation.

BStrauss3

@oreville said:

@chattermonkey said:
CAC does not sticker sample holders

Not true. CAC did sticker my NGC Peace and Morgan sample silver dollars a number of years ago including a few gold sticker ones. I was told that they stopped doing so.

I still have about 60 of them.

https://forums.collectors.com/discussion/comment/13940193/#Comment_13940193

chattermonkey

@BStrauss3 said:

@chattermonkey said:
CAC does not sticker sample holders

Well, not any more - they did... for a brief while.

Quoting from the book:

For CAC to consider a sample, it must:
1. Be certified by NGC or PCGS.
2. Be a coin that CAC accepts (mostly classic US coins).
3. Have a submission number or serial number.
4. Have a numeric grade, not a placeholder grade like FA 00.
Almost all samples fail one of these four tests. Three broad types make up all CAC stickers seen for sale so far.
NGC steel cents (NGC-001-2-1 and similar)
NGC Peace dollars (this listing and similar)
NGC Morgan dollars (NGC-100-3-1 and similar)
On 9/27/23, CAC announced that they would no longer accept sample slabs. They cited the confusion caused by the placeholder 209440 and 199999 serial numbers. Before CAC stopped accepting sample slabs, comps for stickered Peace and Morgan dollars were about $300 for green and $600 for gold. Comps after stickering ended do not yet exist, but will presumably be higher.

Thanks for the clarification! I’ve noticed that sample slabs often share the same cert number, so I’m curious.. how can someone verify if a specific sample slab was actually CAC approved, versus someone just sticking a CAC sticker on it?

BStrauss3

That's one of the big reasons they stopped stickering - there's no way to tell if the sticker is peeled off.

BStrauss3

@coinkat said:
Not a slab expert but the denomination in the sample slab likely plays a role in the valuation.

Surprisingly not...

The service plays a part - PCGS samples are more expensive than anyone else (possibly because of Tim's [ @Lakesammman ] collection being dispersed). Prices at his sales were quite strong. Resales have been down a bit.

Rarity to some extent, but most truly rare samples do not command premium prices - there are some Asian market samples that sell for over $100 despite an edition of 300 or 500 pieces, while other samples with an edition of 10 sell for $20.

Samples from truly niche companies command strong prices (e.g. Compugrade), but others do not.

It mostly seems to come down to marketing...

JohnnyCache