In honor of Black Friday - What else? A black NGC slab (BEWARE OLD 2007 THREAD!!!!)

oreville

OLD COMMENT : Better than being stuck at the mall, besides, I have to work today!

2020-2021 COMMENT:Better than being stuck at home, besides, I want to work today!

CoinRaritiesOnline

Now that is coooool!

bushmaster8

Very cool!

Is there a number, or estimate, of how many of those got made?

MidLifeCrisis

<< <i>Now that is coooool! >>


Coooool indeed!

I'd like to have a couple of those...one with a nice silver coin and one with a nice gold coin.

PerryHall

They ain't cheap. The slab alone brings a significant premium.

oreville---What is the current premium these days over the value of an inexpensive coin?

kryptonitecomics

If you own that then you "suck" as I haven't been able to get my hands on one of those puppies......super hard to come by and I would think there are only a few hundred surviving examples....maybe less.

etexmike

Very cool slab.

I wish the black insert were an option today.

-------------

etexmike

astrorat

<< <i>Very cool!

Is there a number, or estimate, of how many of those got made? >>



NGC may have some figures, but they are not sharing. They were used for a very short period of time at the beginning of the company. According to what I have heard, many black slabbed coins were cracked out (especially the copper) and resubmitted. I am sure, however, that somewhere in the safety deposit boxes of "investors" from the mid-80s that there lurks a number of black slabs.

They are cool and finding one that is not sold for the slab is quite fun!

Lane

PerryHall

<< <i>They are cool and finding one that is not sold for the slab is quite fun! >>



..................and darned near impossible.

astrorat

<< <i>They ain't cheap. The slab alone brings a significant premium.

oreville---What is the current premium these days over the value of an inexpensive coin? >>



Not to answer for oreville...but...

They can run several hundred dollars above the coin's value for the cheap coins to just a bit of a premium for higher end coins. For example, and oreville feel free to correct me, a coin valued at $100-$200 in a black slab could bring in the $800-$1,000 range but a $2,000 coin might bring something around $2,500 or so.

Not many people collect these so it is quite possible to cherry-pick one from a dealer's stock. In a public offering, such as eBay or Heritage, the chances are less likely as those few collectors are always on the prowl.

I was in a local shop last week and about an hour earlier a collector brought in a short set of Mercury dimes (41-45) in MS-63-65 all in NGC black holders. The dealer showed me the set and then offered them to me at 25% above sheet for my pick or 15% above sheet for the lot. Guess what I did? Yeah, I think I may have sprained something getting payment out quickly enough! Oh...of course, I am kidding...I just wanted to get oreville's heart going a bit!

Lane

astrorat

<< <i>

<< <i>They are cool and finding one that is not sold for the slab is quite fun! >>



..................and darned near impossible. >>



Oh...you got that right!

Lane

PerryHall

I'm still looking. A few years ago I bought a Type I gold dollar on eBay in a PCGS Regency holder for a little less than the retail price of the coin. That will probably never happen again. They are fairly rare since most Regency slabbed coins have been reholdered due to the unusually large size of the slab.

bushmaster8

How about the NGC slabs with the teeny tiny serial numbers? Do they bring any premium?? I heard they were a very limited issue as well.

astrorat

<< <i>I'm still looking. A few years ago I bought a Type I gold dollar on eBay in a PCGS Regency holder for a little less than the retail price of the coin. That will probably never happen again. They are fairly rare since most Regency slabbed coins have been reholdered due to the unusually large size of the slab. >>



The Regency slabs are tough, but do not bring the premium (yet) of the NGC black. I paid way too much for my common coin in a Regency holder (at least it had the leather pouch with it!).

Lane

astrorat

<< <i>How about the NGC slabs with the teeny tiny serial numbers? Do they bring any premium?? I heard they were a very limited issue as well. >>



Shhhhh...these are a well-kept secret. They are actually really tough to find as NGC used these labels for about a month. I have not seen anyone charge a premium for these. Then again, I rarely see them but they are out there (I just picked up a couple recently).

Lane

PerryHall

Lane---You were very lucky. Most Regency holders no longer have their pouch. I never realised that they were leather. I always thought they were cloth.

astrorat

<< <i>Lane---You were very lucky. Most Regency holders no longer have their pouch. I never realised that they were leather. I always thought they were cloth. >>



There indeed could have been cloth pouches, but the one that came with my coin was leather.

Lane

oreville

<< <i>There indeed could have been cloth pouches, but the one that came with my coin was leather. >>



Strange, my Regency holder pouch was made of velvet material!!!

oreville

Astrorat said:



<< <i>They can run several hundred dollars above the coin's value for the cheap coins to just a bit of a premium for higher end coins. For example, and oreville feel free to correct me, a coin valued at $100-$200 in a black slab could bring in the $800-$1,000 range but a $2,000 coin might bring something around $2,500 or so.

Not many people collect these so it is quite possible to cherry-pick one from a dealer's stock. In a public offering, such as eBay or Heritage, the chances are less likely as those few collectors are always on the prowl.[Q]

My comments:

My recent efforts in acquiring black NGC slabs is finding higher price levels.

On the very inexpensive coins of only $100 or so, I have been successful in procuring NGC slabs only when bidding in the $1,400 or greater level. In other words, a minimum of $1,500 is needed to obtain a NGC slab regardless of the coin's value.

However, Astrorat correctly points out that the upper limit on the NGC black slab is around $2,500 even when the coin inside the black slab is worth $2,000 (or even slightly more).

astrorat

Thanks for the pricing update, oreville. I will certainly defer to you as you know more about the current market for the NGC blacks.

I will have to check my Regency holder pouch again. It has been a while but I am pretty sure it was leather (or suede).

Lane

oreville

Astrorate:

Yikes, you might be right about the suede pn the Regency pouches!!! Now, I am in doubt myself and I do not remember!!!

Geez, now I have to go check myself!!!

Boom

<< Now, I am in doubt myself and I do not remember!!!>>

Uh-oh!

PerryHall

<< <i>I will have to check my Regency holder pouch again. It has been a while but I am pretty sure it was leather (or suede). >>



Leather would have been a poor choice of material for coin storage due to the acids used for tanning the leather.

elwood

They're not leather. Here's mine.

astrorat

Yep, elwood...that's it. On closer inspection, the outside is faux suede and the inside is cloth (perhaps similar to linen?). It is a double-sided fabric.

Mine also came with a presentation box and stand. I am not sure, but likely the presentation box was from a third party.

Lane

BTW elwood...nice coin!

Lane

oreville

Yes, that is it, the faux suede.

I always wondered why the Regency holder was never used for showing two coins in the same holder.

oreville

Saving this thread from archives.

DRUNNER

Still got mine . . . . . .

Drunner

Walkerfan

I want one!!!

oih82w8

I am not a big fan of ngc, but I would make an exception.

CalifornianKing

xD

ricko

I would love to see a gold Double Eagle in one of those black NGC holders.... Would be most attractive. Cheers, RickO

oreville

I have a few of these but the high bullion value of the $20 gold double eagle conflicts with the high value of the black plastic slab.

But they are indeed gorgeous with the gold and black color contrast.

Walkerfan

@oreville said:
I have a few of these but the high bullion value of the $20 gold double eagle conflicts with the high value of the black plastic slab.

But they are indeed gorgeous with the gold and black color contrast.

Does that mean that they cost a lot more than a common coin in a black NGC 1.0?

asheland

Cool thread. 👍

oreville

@Walkerfan said:

@oreville said:
I have a few of these but the high bullion value of the $20 gold double eagle conflicts with the high value of the black plastic slab.

But they are indeed gorgeous with the gold and black color contrast.

Does that mean that they cost a lot more than a common coin in a black NGC 1.0?

Possibly a little more but the past, present and future buyer of the NGC black slab has and will probably continue to resist paying for the FULL value of the NGC black slab PLUS the FULL value of the gold coin which is why I made the previous statement. Cheaper coin works best in an NGC black slab.

Look at me... most of my $20 Saint purchases in black NGC slabs were purchased for well under under $1200.00 each which is currently much less than the value of the $20 Saint alone today. Only the gold CAC stickered $20 Saint might achieve enhanced valuation . In fact NO COIN in the perfectly sealed black NGC slab would receive the highest value of all black NGC slabs.