Anyone ever see this slab before??

sliderider

Paramount International Coin Corp.

hookedoncoins

I haven't seen it before, but if you search the U.S. Coin Forum for the phrase "paramount" you will find about 5 results with some info.

sliderider

Most of the opinions seem to be that the grades wouldn't be accurate by todays standards. Oh well. I guess I won't be bidding on any of those.

islemangu

all I know is that the Paramount company slabbed many silver dollars from the Redfield hoard before I think the 3rd party graders started up in the mid 80s. The dozen or so I've seen all state Gem MS65 on them eventhough they are really MS63 and 64s coins inside. One knowledgable dealer told me once that the Green label paramounts are rare and have the best quality dollars inside them but very hard to find. I remember some post here saying the integridy of the old slabs makes it easier for scammers to open and switch coins and then reclose. I sold an awesome (relative for paramounts) rainbow toner 87-s album style from the holder's insert a while back. Wish I still had it. Once everybody wakes up better information should post here.

ThatImpalaDude

I remember buying many Morgans from Paramount in this type holder, from the Redfield collection. When I received them, they were graded 65 but filled with many bagmarks. I called to complain and the response was something like this. "All Morgan dollars have bagmarks because they are so heavy and get banged around." Their response indicated to me that they felt that bagmarks just didnt matter in the grading of this coin since "all Morgans have bagmarks." I insisted on replacements for the heavily marked dollars and they agreed. The replacements, graded the same, were much improved.

How things have changed.

Steve

astrorat

These slabs are out there, you just don't see them that much. Paramount used the holders for non-Redfield dollars I believe after the Redfields were placed into the market. I do not have Conder101's book with me, so I cannot verify that statement.

The grading of the coins were based on the standards of the time. Truly nice pieces were likely cracked out for contemporary grading and quicker sales. These holders do tend to carry a premium, although not near the premium of a similar Redfield holder.

The seller may indeed get their $190 opening bid from somebody who "needs" this piece, but that is a fairly strong price for this coin in this holder.

Lane