"Rattler" Question
DoubleDime
Posts: 656 ✭✭✭
I have just 5 graded coin in my collection and they are in the old rattler holders. Dealers have told me that I need to have them up graded to the newer holders for them to have any kind of value. One dealer said that to him "rattlers" are the same as raw and the information on the holder doesn't mean a thing. What a vice and thoughts can be given me ?
3
Comments
If you're not selling them, don't worry about it.
If you want to sell them, contact a reputable dealer. Rattler holders often, though not always, carry a premium.
Sending them to CAC is another option.
--Severian the Lame
Some people pay a premium for rattlers. Some consider them tombs for coins that won't upgrade. Others look at them as conservative grades and stable condition. I have not heard that rattlers are viewed as raw coins.
Those dealers are what many of us would call "wrong".
PCGS rattler holders are perfectly valid, in fact I think many here would give you a stern talking to if you had them regraded.
Collector, occasional seller
It really all depends on the coins — got pics? There are plenty of ugly generic coins in rattlers. Still those coins have obviously been deemed genuine by PCGS and that’s important.
There are also some gorgeous undergraded coins in rattlers. And those are definitely worth more to most since they haven’t been messed with in 34 years. A truly eye catching coin in a rattler is always in-demand.
But for the dealer who told you a rattler is the same as raw ....... just skip that guy.
Is it possible the dealers were suggesting that you have the coins regraded? If not and you’ve presented an accurate recap of what they told you, I’d ignore and avoid them. Because it was bologna.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
To me I think the coins are all nice looking. They are a PDS set of 1953 Carver/Washington Comm. Halves all graded MS-63, a 1942 Lincoln Cent Proof-62 and a 1942 Jefferson nickel Proof-65.With all the up grades and changes to holders over the years that got me thinking about the coins I have and started asking questions. Thanks for all the a vice so far.
Old rattle holders usually get better value in holder but need to see coins. Any dealer telling you that wants the warranty and maybe no interest in actual looking in the scope
Best place to buy !
Bronze Associate member
You've either completely misunderstood what the dealers in question said to you or the dealers in question were lying to you from the start. The PCGS rattler holder is just about the most liquid (and valuable) holder a coin can be in as long as we aren't writing about extremely rare holders. What I wrote is the truth.
In honor of the memory of Cpl. Michael E. Thompson
The dealer that told you that info has either been living under a rock, or lying to you.
Pictures would really help, but in general the rattler holder can be highly sought after. As a copper collector I am willing to pay more for an eye appealing coin in a rattler than in a new holder, most of what those dealers told you is wrong and I highly suspect they were attempting to pay pennies on the dollar in an attempt to buy your nice coins for peanuts.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Or the dealer(s) in question was/were misunderstood.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Of course any holder that allows the coin to spin and rattle around is sub standard and not acceptable for obvious reasons. These coins may show hairlines on the edge or even worse the rim. Even some subsequent PCGS holders allow the coin to turn. I'm just glad this problem is history with the newer holders.
Ask him if he is selling any rattler holdered coins as raw. But I guess he probably cracks them all and sends them in, to get them into the more valuable modern holders....
As suggested, it may be a misunderstanding.
** in general the rattler holder can be highly sought after. As a copper collector I am willing to pay more for an eye appealing coin in a rattler than in a new holder**
Me also:
the three things you need to beware of concerning rattlers are:
good luck!
If they said "you need to have them upgraded to new holders" that is bogus.
As others have mentioned rattlers carry a premium.
I have been known to pay a small premium for select rattlers 😉
Anyway, there is probably no premium available for the Carver/Washington set, but keep them together, you never know what will be the hot thing in a few years.
You can get a modest premium for the proof coins (about 10%) above standard plastic. You should keep those together too, and finish the 6 coin 1942 proof set in rattlers. I'm sure if offered as a set, they would be an easy sell for an additional premium.
There have been a couple of rattler proof sets offered on GC over the past few years, the sum always sells for greater than the parts.
Go back to the dealer who told you that and tell him "Wow, I listed those 'rattler' holders for sale and got super premiums over the coin value for each one." Then leave.....
Cheers, RickO
Either you misinterpreted what you were told or the dealer lives in an alternative universe. While collectors... even dealers...may be entitled to their own opinions, they are not entitled to their own facts.
Experience the World through Numismatics...it's more than you can imagine.