"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
I want to know what will happen with the database after the passing of JA before I pay for a sticker.
Unless PCGS verifies & puts the bean IN the slab, I'm not interested.
@Colonialcoin said:
That coin is not a Lamborghini, it’s an Edsel!
That a very rare first generation NGC slab. They are very rare and very expensive and in great demand.
Thank you Perry. A few missed that.
From the link.
1898 $1 MS64 NGC. CAC. Housed in a rare first generation NGC holder, which is black with a white label and logo. The coin was inserted with the reverse showing beneath the grade insert, usual for this briefly issued generation. The coin itself is primarily silver-gray, with ocean-blue patina throughout the borders and medium tan-brown toning in design recesses.(Registry values: P2, N208) (NGC ID# 2568, PCGS# 7252)
@ReadyFireAim said:
I want to know what will happen with the database after the passing of JA before I pay for a sticker.
Unless PCGS verifies & puts the bean IN the slab, I'm not interested.
What's quite likely (in my opinion) to happen after anything "changes" at CAC is that the already beaned may get a premium attached.
We seem so inclined to create collectible status for so many "older" versions of slabs that this would be a natural thing to expect.
.....like the black NGC slab....
But not that dramatic.
Obviously many collectors don't care about a very rare slab but those that do far exceed the number of surviving examples. That's why it's so expensive. I see many coins on this forum that I couldn't care less about but I don't find it necessary to make a post saying so each time I see one.
Worry is the interest you pay on a debt you may not owe.
Personally, I like the presentation of this coin as it is slabbed in an original NGC holder though I would not drop that kind of money for just the plastic but clearly there is a large audience for such items. Looking at coins as an overall hobby, meaning not necessarily just the coin but other items associated to coins such as dies, bank bags, etc, I can see a specialized niche for low pop slabs. Even looking at modern issues, people pay a premium for First Strike/ First Day labels when that label has zero relevance to the coin slabbed.
@CommemKing said:
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
One can say that about many common condition rarities. I am not interested in that holder for close to three dimes, but would be in for 5 or 6 hundred. Demand from the top two bidders is what determines the price. Nothing else.
I actually saw the coin in hand and liked it. Thick colorful skin. The luster was somewhat subdued by the thick skin but it came alive under the light. Definitely under graded by todays standards.
I’d love to see one with a gold coin though.....
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
@CommemKing said:
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
The same can be said for people that pay hundreds of dollars for a Dime, or thousands for a Dollar. People that don't understand collectibles don't get it. I can't imagine paying $2,000,000 for something that will die, like a horse.
@CommemKing said:
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
The same can be said for people that pay hundreds of dollars for a Dime, or thousands for a Dollar. People that don't understand collectibles don't get it. I can't imagine paying $2,000,000 for something that will die, like a horse.
@CommemKing said:
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
The same can be said for people that pay hundreds of dollars for a Dime, or thousands for a Dollar. People that don't understand collectibles don't get it. I can't imagine paying $2,000,000 for something that will die, like a horse.
Depends on the horse.
Never seen one that didn't die. Secretariat would be the only one I would have wanted, but not immortal. I don't think you can auction off a carcass.
@CommemKing said:
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
The same can be said for people that pay hundreds of dollars for a Dime, or thousands for a Dollar. People that don't understand collectibles don't get it. I can't imagine paying $2,000,000 for something that will die, like a horse.
Depends on the horse.
Never seen one that didn't die. Secretariat would be the only one I would have wanted, but not immortal. I don't think you can auction off a carcass.
No, but the assets of the sire can be frozen and later marketed.
@CharlotteDude said:
C'mon man! Buy the coin... not the plastic... no matter what the plastic might be.
Receiving much less publicity are the GSA holders, particularly the 90 and 91 CC's. Platic premium in in the $2000 range and they are not super scarce.
Why do people collect first generation Apple computers with the wood case, when the computer has no computing power, and isn't even as powerful as the little chip in your $40 microwave oven? Because they are rare, that is why.
While slabs may not have attraction for most of us, certain holders are rare and desirable just because collectors collect anything where numbers are low and scarcity is high, including first gen. NGC holders.
I wouldn't do it, but I can understand why others do.
@ReadyFireAim said:
I want to know what will happen with the database after the passing of JA before I pay for a sticker.
Unless PCGS verifies & puts the bean IN the slab, I'm not interested.
I talked to John on the phone the other day and he sounds fine to me. You could probably call him and ask.
Comments
Did you bid on it?
Totally fixable.
Great transactions with oih82w8, JasonGaming, Moose1913.
That coin is not a Lamborghini, it’s an Edsel!
More like one of those great looking plastic kit cars built around a Volkswagen drive train
No, but I thought about it for a bit.
I wanted to bid but couldn't get past the coin.
I think that may be a negative. I’ve been expecting gold beans on slabs of that era.
I want to know what will happen with the database after the passing of JA before I pay for a sticker.
Unless PCGS verifies & puts the bean IN the slab, I'm not interested.
My Saint Set
Different strokes for different folks I guess.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
That a very rare first generation NGC slab. They are very rare and very expensive and in great demand.
Worry is the interest you pay on a debt you may not owe.
Thank you Perry. A few missed that.
From the link.
1898 $1 MS64 NGC. CAC. Housed in a rare first generation NGC holder, which is black with a white label and logo. The coin was inserted with the reverse showing beneath the grade insert, usual for this briefly issued generation. The coin itself is primarily silver-gray, with ocean-blue patina throughout the borders and medium tan-brown toning in design recesses.(Registry values: P2, N208) (NGC ID# 2568, PCGS# 7252)
What's quite likely (in my opinion) to happen after anything "changes" at CAC is that the already beaned may get a premium attached.
We seem so inclined to create collectible status for so many "older" versions of slabs that this would be a natural thing to expect.
.....like the black NGC slab....
But not that dramatic.
wow
The coin is a yawner, and if one wanted to use a car analogy, the slab is no Lambo, maybe a Ford model A or something.
Liberty: Parent of Science & Industry
For the $3000 price, the slab is the Bugatti of plastic.
Someone paid 2800 just for the plastic.
No, thank you.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
I think I'd call it more an Isotta-Fraschini.
Perhaps it is in a desirable holder, but I prefer to buy the coin and not the holder. Just my personal taste.
Obviously many collectors don't care about a very rare slab but those that do far exceed the number of surviving examples. That's why it's so expensive. I see many coins on this forum that I couldn't care less about but I don't find it necessary to make a post saying so each time I see one.
Worry is the interest you pay on a debt you may not owe.
Personally, I like the presentation of this coin as it is slabbed in an original NGC holder though I would not drop that kind of money for just the plastic but clearly there is a large audience for such items. Looking at coins as an overall hobby, meaning not necessarily just the coin but other items associated to coins such as dies, bank bags, etc, I can see a specialized niche for low pop slabs. Even looking at modern issues, people pay a premium for First Strike/ First Day labels when that label has zero relevance to the coin slabbed.
Because gold would have looked good..
I guess this is a case where you're buying the plastic and not necessarily the coin.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
That’s just dumb. The price that is. Slabs should NEVER be worth more than the coin itself. Lot of biddiots out there.
On the less expensive end, this happens all the time with sample slabs.
One can say that about many common condition rarities. I am not interested in that holder for close to three dimes, but would be in for 5 or 6 hundred. Demand from the top two bidders is what determines the price. Nothing else.
I'll take it with or without the stick ...... arrrgh
A DeLorean maybe?
I actually saw the coin in hand and liked it. Thick colorful skin. The luster was somewhat subdued by the thick skin but it came alive under the light. Definitely under graded by todays standards.
I’d love to see one with a gold coin though.....
I don’t think spending sticker money necessary on a $90 coin.
Yes, I am ready for my close up Mr.DeMille
I'll take a pass also; but this is a case of supply not equaling demand as several posters above have noted.
Well at that price, supply did meet demand. All the weak hands were shaken out as the bidding progressed.
Buy the slab not the coin! lulz
The whole worlds off its rocker, buy Gold™.
The same can be said for people that pay hundreds of dollars for a Dime, or thousands for a Dollar. People that don't understand collectibles don't get it. I can't imagine paying $2,000,000 for something that will die, like a horse.
Depends on the horse.
C'mon man! Buy the coin... not the plastic... no matter what the plastic might be.
Never seen one that didn't die. Secretariat would be the only one I would have wanted, but not immortal. I don't think you can auction off a carcass.
No, but the assets of the sire can be frozen and later marketed.
Receiving much less publicity are the GSA holders, particularly the 90 and 91 CC's. Platic premium in in the $2000 range and they are not super scarce.
No Lamborghini, this is like a gold package on a Chevy Chevette. 1898 in junky MS64, give me a break!
He who knows he has enough is rich.
MS64 is close to perfect.
Why do people collect first generation Apple computers with the wood case, when the computer has no computing power, and isn't even as powerful as the little chip in your $40 microwave oven? Because they are rare, that is why.
While slabs may not have attraction for most of us, certain holders are rare and desirable just because collectors collect anything where numbers are low and scarcity is high, including first gen. NGC holders.
I wouldn't do it, but I can understand why others do.
I talked to John on the phone the other day and he sounds fine to me. You could probably call him and ask.
I like those old black slabs, I'm not a player for $3K, but would love to find one cheap somewhere!
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