Are old Anacs holders becoming super collectible now too?
gtstang
Posts: 1,767 ✭✭✭✭✭
This 1934 Peace dollar went for very strong money for a 64 on Great collections last night. Two bidders going after it. Closed at $902.25 with bp.
https://www.greatcollections.com/Coin/1783567/1934-Peace-Silver-Dollar-ANACS-MS-64-OH
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@gtstang, don’t know about others who have tried to sell their early gen. ANA or ANACS holders, but I wasn’t even offered melt for this 1st gen. holder and DE. 2 months ago. Is this the type holder you are referring to? Glad I didn’t as all know gold passed $3150. this morning.
The older Anacs slabs have been collectable for a while now but premiums tend to be modest or even non-existent for something like gold $20s.
The 1934 from GC was interesting in that it only has 4 digits in the cert number. That isn't commonly seen and could have been part of the reason for the premium. Another could be that someone thought it would be an upgrade (although a 2 point bump, which is needed at that final price, is hard to predict). And it could just have been two bidders who really wanted the coin.
The old small white ANAC holders have always been a favorite of mine. One of the reasons though, is because i have found they offer great opportunity. Several times I have won or purchased coins that I later was able to sell for significant profit.
To be honest, I also won a coin in last nights Great Collection auction that is in a small ANAC holder. In this case I saw an opportunity to add an 1836 Lettered Edge AU Bust Half back to my collection for about a hundred less than the usual rate.
I don't really know if my answer gives you any perspective on their current popularity but personally i hope they stay the red haired step sister many collectors consider then to be, james
Looks like a potential upgrade and perhaps two other bidders had the same thought.
The barcode ANACS white slabs are not as collectable yet.
peacockcoins
The current ANACS owners do not offer any guarantees on coins they didn't grade. Not a big issue, but worth noting.
Looks like they paid 65 CAC prices which may not be too far a stretch looking at coin. 4th lowest Peace mintage, < 1MM, & looks very clean, but a weak reverse strike from photo. Low Slab # is also a +.
I have noticed the older, white, small holders steady decline in numbers at both coin shows and on eBay for a couple years now.
I love my old ANACS soapbox coins, it's my favorite holder size-wise and aesthetically, and as a bonus I find many of them are undergraded compared with what they'd land at today, but still sell for the price of their original grade. It's like a little secret .. don't tell anyone!
Seems the consignor got lucky. Not even sure that coin would get a 5, certainly not a 6, based on the photos.
That is a rather unusually high premium, perhaps a bit of bidder's excitement there. But to your question the early ANA holders do and have for a while have some premium, how much really depends on the coin and the bidders.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
of course not all, they are still very common but I enjoy them personally! they are easy to store.
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Whatnot!
Is Greysheet pricing on MS66 not accurate. it is listed for $2,000. Several folks seem to think this coin has to be graded a 66 to break even on a $900 purchase. Just needs to be a strong 65, which carries some risk based on buying from photos. But appears some folks felt strongly on coin to take that gamble. A 65 is listed at $750, so 20% bump up.
A 65 in a new holder is a loss considering the sheet value and fees involved with regrading. Maybe a CAC sticker gets you closer to breaking even but it still wouldn’t make sense from a crack to upgrade and flip perspective unless you get the two point bump.
Seems to me the coin has to 66 to make a $900 + purchase pay off; even if it gets 65 it is a loser. If you zoom in on the GC image it appears to have way too many hits to 66, and even 65 may be a stretch. The coin’s luster (based on the photos) appears muted as well.
I think the answer is yes (sometimes). I have purchased some very nice coins in the old soap box holders. Including in auctions with some aggressive underbidders so I wasn’t the only one who really liked the coin.
Casual collector: Morgans & Peace Dollars & 20th Century Type Set. Successful BST transactions with Morgan13, CoinFinder, CoinHunter4, Bretsan.