Not too found of slabbed coins. Help

Pennycase

I routinely buy coins that are slabbed, but, I usually almost 90 % of the time break them out and place them in a 2x2. But, this is my first time to buy a PCGS slabbed coin, and I noticed that the label on it is an old green label, I have noticed that many people give these holders high regards, even possibly jumping the price up a bit on it ( for those who buy slabbed coins ) ... I was wondering if it was true that these holders have a small premium to them, or if they are more collectible than the ones that are used now. I'm not looking on opinions rather I should crack it open or not, I'm just curious for details, so I can make up my own mind rather or not I open it up.
Thanks,
Cody.

elwood

I wouldn't crack it out, but without seeing it, it is hard to make that call.

Pennycase

And again, I do not want opinions on rather or not to crack it out, I will make that decision, i'm asking if the old green labeled holders hold any premium, and or are they anymore collectible?

ziggy29

<< <i>And again, I do not want opinions on rather or not to crack it out, I will make that decision, i'm asking if the old green labeled holders hold any premium, and or are they anymore collectible? >>

It depends. Some people will (somewhat carelessly, IMO) bid them up to a premium, figuring that they are either (a) likely to be premium for the grade or (b) a crackout candidate.

But look at the coin. If you think the grade given is conservative and perhaps too low, then it's perhaps worth a premium. If not, then not. But if you know how to evaluate the coin, the generation of the holder shouldn't be the concern. It's either undergraded, about right or overgraded, regardless of the holder, and you should use that as your baseline and perhaps adjust depending on how much you like it in terms of eye appeal.

It may be that coins in older holders more often look undergraded by current standards -- which might explain the stronger prices sometimes charged for them (or higher bids for them). If an old PCGS MS-65 looks the same as a current PCGS-65, the old holder is worth zero. But if the old holder's coin looks like it could bump to 66 while the newer holdered coin looks like it couldn't go over 65, sure, in that case the OGH is more likely to be bid up higher, for example.

Russ

I don't think you should crack it out.

Russ, NCNE

baccaruda

If there is a premium for those holders, it's because there is a perception that the coins contained in them might be undergraded. So if you like to crack out coins, I would think you'd be MORE likely to crack one out of a green label holder.

I sold a green-labeled common date Morgan graded 64 at auction that was easily a 65. I didn't get any premium.

CardsFan

I pesonally pay a premium for green holders because I think the slabs look better. If given two similiar coins I will pay more for the one in the older slab.

Shamika

<< <i>I was wondering if it was true that these holders have a small premium to them... >>


All things being equal, I'm happy to pay just a little more for these older slabs.

There's always the worry that a recent purchase will "turn" in the slab. However, when you purchase these older slabs, you can be fairly confident that what you see today is what you'll still have tomorrow.

Pennycase

First PCGS slab I have ever tried to break a coin out of.... And HOLY MOLY THESE SUCKERS ARE THICK!
Btw: glad that it was my forehead that 1 inch thick plastic hit, could have lost mah eye.

Gonfunko

<< <i>First PCGS slab I have ever tried to break a coin out of.... And HOLY MOLY THESE SUCKERS ARE THICK!
Btw: glad that it was my forehead that 1 inch thick plastic hit, could have lost mah eye. >>



You oughta' try SEGS!

orie

Another take.

I have a set of MS modern dollar commems. I prefer to have the coins minted during the green period to have green labels. Maybe a little strange, but if I weren't , I wouldn't be collecting coins.

I'd rather have the green label, not for tighter grading, but the coin was graded before the blue labels.

EvilMCT

My two cents worth: it's just plastic.

Ken

Pennycase

I agree with ya on that evil