Coin Related - NGC to certify in GSA Holders starting 1/9/03

FrankinWI

Click on the link for the full article.

NGC to certify GSA holders

Frank

IrishMike

Interesting, now if we can get them to certify the ones in the paramount holders too.

BigD5

Sounds like a great idea to me. Could this possibly lead to the grading of whole proof or mint sets? Maybe?

oreville

I hope so, I also hope PCGS follws NGC's lead on this one. It is a good move.

Preserving our original government (and Paramount) packaging is the right thing to do.

NumisEd

Oh, this is just lovely. Now they are going to start slabbing slabs. How about this: PCGS will slab a GSA holder that was certified by NGC. Before you know it, you guys will need forklifts to move your collection of slabbed bullion items from room to room. Ed

braddick

Am I to understand, unlike PCGS removing the Morgan from the GSA hard plastic Government holder and listing on the insert, 'GSA Dollar', NGC is going to holder the full, original holder?

It'll be interesting to see where all this goes.
For now, I kind of like the idea and appreciate NGC for "thinking outside the box".

nwcs

No, the next funny thing will be dual grades. One from one company, one from another. Like a label called NGCGS with grades of 64/65 representing both companys' estimation of grade, and holdered in a small 2x2 and encapsulated into a bigger holder to represent both companys' interests.

meos1

Boy oh Boy would it be sweet if PCGS would start grading and holdering entire proof sets. That would cut cherry pickin and a MS70 set would truely be a rarety. :-)

mbbiker

sounds like a great idea. I don't have any GSA dollars but if i did i think it would be sent to NGC for their GSA slabbing.

MrKelso

A slab inside a slab? There goes the shipping charges.

Wisconsin

Sound good to me. I would be happy to have one!! I bet it puts a little upside pressure on GSA dollars now.

paigowjohnny

<< <i>Interesting, now if we can get them to certify the ones in the paramount holders too. >>



I think this is a GREAT idea. As a GSA and Redfield collector, I'm one of those guys who won't crack them out of the original slab....that's part of the charm/history to me.

I won't be at FUN...I'll be interested to see what the GSA "slabbing" looks like before I think of sending any of mine in...

nwcs

It doesn't sound to me that they are slabbing the slab.

"When grading dollars in GSA holders, NGC will provide the same information that it does for its normal grading services, but this information will appear on an oversize label that wraps around the holder. A tamper-evident seal will be applied to the holder. Both features will discourage opening of the holder."

zenny

<< <i>
For now, I kind of like the idea and appreciate NGC for "thinking outside the box". >>



More like thinking outside the box inside the box.

or, perhaps, thinking outside the inner box.

edited to add:

Well, that's what i get for commenting before reading. I guess the grade will be a good thing, as well as the tamper evident seals, but does the fact that there's no guarantee in any way lessen the value of the service for anybody?

z

FrankinWI

"Because the coins are not in NGC holders, NGC will not guarantee the grades it applies to these GSA dollars."

I'm not sure why NGC has decided to not grade guarantee the GSA dollars. If the seal or whatever there going to use is tamperproof it shouldn't make a difference.

It's a great idea to grade the GSA dollars in their original packaging. I'm sure that if this test goes well we can see them expand this to other coins as well. (redfeild, proof sets, etc...)

Frank

danglen

I would have to say they are thinking "outside the slab"

Dog97

I guess it would allow dealers to make more $$$ hyping & selling GSA coins to the newbies that don't know squat about grades. I certianly don't want "an oversize label" wrapped around any of my GSA holders.

Conder101

Just great, three more varieties coming.

chiefbob

I've got my 1882-CC and 1883-CC GSA dollars ready............................

Wouldn't this avoid the possibility of sweaty fingers making direct contact with our coins? They would come back in the same condition that we sent them.

Bob

wallstreetman

I knew I should have bought more than two, I own an 83 and an 84 complete in their boxes, one is proof like! This is a windfall for anyone who has collected these, and the ones who cracked theirs will be kicking themselves in the BUTT!

wallstreetman

Article on page two Coin World!

Blackhawk

Here's a link to an example of the GSA grading by NGC

GSA Holder

wallstreetman

Hey that looks pretty cool! I guess Im going to start paying more attention to their grading of Morgans!
Hey Charlie, Does PCGS have any plans, or am I about to become an NGC client? I dont see why the whole thing cant be slabbed, might be a little bigger, but so what! Another benefit would be the crack outs, very hard to do without hurting the GSA holder, so these POPS would be very accurate!

Cam40

Thats my coin right there.An `84CC in GSA holder.
Is this the most common CC of the GSAs?
Also,What is the value of that coin shown,the NGC graded GSA `84CC MS64. Around $120?
I think mines about that grade too.

I think PCGS should do the same.Before ICG and PCI, etc jump on that bandwagon.
Only the top 3 services should be allowed to grade these Morgans in the first place.

Having the `certified,graded, `top service` makes it even more marketable as if it wasn`t already.

About them grading Proof and Mint sets,That may be too time-consuming to be practical for obvious reasons.
Maybe select sets that are known `rare`. Maybe the 1968S no S Roosie Proof set,or the 1971 S no S Jeff set.
Those are only two of five I can think of.But those aren`t like the GSA holder.
It may take some enginuity to fashon a certification to some of those Proof sets.

Cam40

ttt

Elcontador

"Because the coins are not in NGC holders, NGC will not guarantee the grades it applies to these GSA dollars." Sí hombre, ¡una polla como una olla!

1) What is the point of getting a coin slabbed if the slabbing company will not guarantee the grade? Answer: More $$$$$ for the slabbing company.

If they'd apply their same grade guarantee to these coins as to the ones which they slab, I'd feel more appreciative -- and be less cynical -- of their efforts.

2) Most of the nicer GSA material has been cracked out and slabbed. You're not going to see many 5s or higher. Also, I can't see any bump in price for a GSA 3 or 4 which is graded accordingly by NGC. There are so many 83 & 84 CC Morgans in 3 & 4 out there already.

3) These coins IMO are among the easiest to grade as a series in any event. The only thing I see is either the submitter eating the grading fee, or else possibly passing it onto an unsuspecting newbie.

4) Now if PCGS and / or NGC would grade proof sets in their original packaging and stand by these grades, now THAT would impress me and I believe this would be beneficial for our hobby.

Dog97

Well it doesn't look as bad as I thought it would. I don't see where it matters if a GSA is 62, 63, or 64. They're all priced about the same & paying a grading fee negates and most of the difference in price between grades.
So I assume NGC is going to use the PL & DMPL designations? That could be a benefit to cherrypickers by culling the junk but would make it hard to get any cherrys.

wallstreetman

Your right Dog, its not all in the grade, this is about a Morgan that will be registered as being in its GSA holder! NGC is basically rewarding those that left the coin/holder intact!

Steve27

Since NGC is not going to "guarantee the grades it applies to these GSA dollars," this is a waste of time and money. You might as well just take them to the next major show and get ANACS to grade them for free.

I also wonder if they will fit properly in the GSA boxes with those labels on them. The boxes are designed to be micro display cases which allow you to stand the slab up in the box. It's already a tight fit and these labels might just be thick enough to create problems.