What does OGH mean?
KoinDawg
Posts: 890
Usually seen in reference to Morgan dollars. OGH means what?
Scottish Fold Gold
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as in the paper inside the holder is green to light green.
lower serial number.
often means the coin has been untouched for 10-20 years.
U.S. Nickels Complete Set with Major Varieties, Circulation Strikes
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TorinoCobra71
roadrunner
Wouldn't that indicate that it is the experienced collectors, not the newbies, that are biting too hard into the OGH cookie?
<< <i>Wouldn't that indicate that it is the experienced collectors, not the newbies, that are biting too hard into the OGH cookie? >>
Or perhaps both?
Or even perhaps for a reason?
As I have pointed out before on these boards, there is an incredible amount of cracking out & resubmitting that is constantly going on. From the time PCGS started using 8-digit certification numbers, it was amazing how quickly a high percentage of coins offered at retail and at auction had the 8-digit numbers. Given this phenomenon, there are two reasons why a coin may still be in an old green-label holder: either (a) the coin has been off the market for quite some time, and no-one has had the opportunity to crack it out yet to try for the ever-hoped-for upgrade; or (b) the coin is obviously NOT an upgrade candidate, and thus experienced crackheads (as I like to call them) know that there is a downside risk, i.e. a possible downgrade, or at least no possible upgrade.
Therefore, when looking at an OGH, remember these TWO possibilities: (a) possible upgrade because the coin has been off the market; or (b) NO WAY it will upgrade, and that's why it has been left alone in the OGH. In fact, arguably, some OGH coins are overgraded ... as even properly graded coins might have SOME chance of upgrade ... so if the crackheads left it alone, they might have felt there was little or NO chance, or that it was overgraded.
Gee, I guess I'm saying, if it is an OGH, it could be undergraded, properly graded, or overgraded !!! Not very insightful, if you look at it that way, is it? Pretty much a tautology ...
So better yet, instead of worrying your head about it, buy the coin, and not the holder !!!! (admittedly very difficult if you have Registry fever !!)
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
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roadrunner
I love it, you hit the nail square on the head. BUY THE COIN NOT THE HOLDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
All this second guessing on what might be or not be. You can say the same thing about possibility a or b about any holder or any color insert of any holder. You are strickly playing with yourself when you try to figure out why a certain coin is in a certain holder.
For crying out loud, if the coin doesn't have the grade on the holder that you THINK it should................................
a) buy it or
b) don't
GET A ROPE!!!!!!!!!!!!!!!
With that approach, I have only been able to find 6 of them in the last 10 years! The owners do not want to part with them!!
Nearly the same with the PCGS Regency holders although I am a little more choosy. Give me those velvet PCGS baglets that come with the Regency holders then I get very easy to sell to!!
I wonder how many of those David Hall saved of them for his own collection?
Sometimes I do indeed buy the plastic and not the coin!
It means the coin is acurately graded, but if YOU buy it and YOU resubmit it YOU'll make a bunch of money
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<< <i>A comment on old green-label holders:
....... when looking at an OGH, remember these TWO possibilities: (a) possible upgrade because the coin has been off the market; or (b) NO WAY it will upgrade, and that's why it has been left alone in the OGH. In fact, arguably, some OGH coins are overgraded ... as even properly graded coins might have SOME chance of upgrade ... so if the crackheads left it alone, they might have felt there was little or NO chance, or that it was overgraded..............
So better yet, instead of worrying your head about it, buy the coin, and not the holder !!!! (admittedly very difficult if you have Registry fever !!)
Sunnywood >>
The third possibility is it could be undergraded but the upgraded value isn't really worth the risk. I have 2 OGHs that I believe are undergraded by current standards. THe upgraded value for one is $100 more than the current holder, the other coin's upgraded value would be $300 more than the current holder. It's really not worth the risk/time/expense to resubmit either of these coins.
https://www.pcgs.com/SetRegistry/collectors-showcase/world-coins/one-coin-per-year-1600-2017/2422
Check out the Southern Gold Society
<< <i>I thought OGH's and rattlers were the same. Is there another OGH? >>
Originally when people talked about "old holders" they meant just the rattlers. (This would have been during the 1995 to 98 era before the blue labeled holders came out.) Then after the blue label slabs began appearing the rattler were either called by that name or as "Old Green Holders" to differenciate them for the "newer green hoders that were not rattlers. (At that time it was not commonly known that the green label non-rattlers came as two types, 1990 -95 and 95-98.) As rattlers became scarcer and the blue labels more common, people began promoting the early green non-rattler holders as OGH. But since most people don't realize that there are two types, soom all pre-blue label holders are being pushed as "Old Green Label holders from back in the early years when they graded more conservitively" even though those "early years" may have been as recently as six months to a year before.
WS
Follow the link in the response posted by DaveG (two posts before yours). It will take you to a thread showing about the first 17 PCGS holder varieties along with identification features and times of use for each variety. The ratters are PCGS 1, the "Old Green Holder" is PCGS 4, the "New Green Holder" is PCGS 5, and the first blue label holder is PCGS 6. Varieties PCGS 2, 2.5, 3, and 3.5 are all transitional varieties that used a rattler shell with a secondary plastic frame wrapped around it. With PCGS 4 you get the shell type they use today.