I randomly opened this thread and read all the messages. I don't collect this series but checked a couple of price guides. I get " to each his own". I just need a little reset calibration.....it looks like a significant premium.... for the coin, the holder or the bean. Can someone give me a concise, rational reason for the price? Thanks, Keoj
@bammbamm said:
For those who missed out, this PCGS White Label will close at next Sunday's GC auction.
Yes, it's not a Gen 1.0, but just a Gen 1.1, but still a White Label.
And its current bid is at only $5,600.
.
It definitely won't be 'only $5,600' for too long, now!!
@keoj: “rational” isn’t part of this one. The winning bidder wanted it enough to bid that high & appears to have had some serious competition.
What’s “special” about this coin?
it’s a very nice example & likely undergraded;
it has a gold bean;
it is among the first 200 coins or so graded by PCGS going back some 40 years.
As time goes by, that group of coins (generation 1.0) becomes more & more rare. There’s a dedicated group of collectors that seek these coins out.
These collectors must look at these coins/holders like they’re rare museum pieces. It gets down to whatever the highest bidder gets in as the final bid.
I’m guessing the winner is happy regardless of price. As said earlier, “rational” doesn’t really apply here, but each of us has a different version of what that might be. Emphasize “might”.
Thank you for the thoughtful comment. The thinking is not how I think about coin collecting. While I understand the the premium for a bean and possibly a holder (which the bean somewhat addresses), it just feels peripheral to the core asset. If the core asset is the holder, then I'm just limited in my perspective. Thanks for the context. Keoj
It's not any less rational than spending over face value for any coin. Different people choose to collect different things. And sometimes, they're going to choose something you wouldn't have.
@Lakesammman said:
These used to be cheap - I bought this one in 2013.
@Lakesammman was even nice enough to let me buy one of his white label PCGS rattlers at not much above his cost back in the day. I still have it.
I was more excited to accumulate black NGC 1.0 slabs in 2013.
AI :"The 1941-S Mercury Dime PCGS MS-65 FB (CAC Gold) OGH (1st Gen - White Rattler) featured on GreatCollections (GC Item ID: 2239418) reached a final auction bid of $24,000.00 prior to its close on Sunday, September 20, 2026"
@logger7 said:
The 1941-S Mercury Dime PCGS MS-65 FB (CAC Gold) OGH (1st Gen - White Rattler) featured on GreatCollections (GC Item ID: 2239418) reached a final auction bid of $24,000.00 prior to its close on Sunday, September 20, 2026
@renomedphys said:
Is there somebody out there with a $10,000 coin collection in a million dollars worth of plastic?
It's not the plastic, it's the labels in the plastic. Just as collectors pay a large premium for low or consecutively numbered serial numbers on currency, there are a good number of coin collectors who are willing to pay a hefty premium for certain labels. The early labels -- whether in PCGS or NGC holders -- are just as rare as a rare date coin.
@logger7 said:
The 1941-S Mercury Dime PCGS MS-65 FB (CAC Gold) OGH (1st Gen - White Rattler) featured on GreatCollections (GC Item ID: 2239418) reached a final auction bid of $24,000.00 prior to its close on Sunday, September 20, 2026
Whoa! I just bought this for less:
I recently bought several coins (no pictures, sorry) for less (I'm sure) than your Indian cent.
@renomedphys said:
Is there somebody out there with a $10,000 coin collection in a million dollars worth of plastic?
It's not the plastic, it's the labels in the plastic. Just as collectors pay a large premium for low or consecutively numbered serial numbers on currency, there are a good number of coin collectors who are willing to pay a hefty premium for certain labels. The early labels -- whether in PCGS or NGC holders -- are just as rare as a rare date coin.
While the label is in fact rare, the label is not a coin.
And to think, I was stunned last year when my $45 Merc went for $1150 w/o the juice on GC (who knew the 108s were so coveted, not me). Some told me it was low for the cert #:
.
.
But the white labels and getting closer to 1080000 just costs even crazier amounts. Open question is whether this will last or will prices for the White Labels start to come down, and how far...........
Resharing my recent discovery from my collection. Purchased around 1995 for $39. I know not 1.0 but I assume has high value ?
Your coin is a PCGS Gen 1.2 with a 108 certification. A really nice coin to have, and certified and holdered in the first month or two of PCGS's beginning, but not a Gen 1.0 or 1.1 White Label. Still, it is worth much more than a similar coin in a later holder. A great find and highly sought after.
Comments
I randomly opened this thread and read all the messages. I don't collect this series but checked a couple of price guides. I get " to each his own". I just need a little reset calibration.....it looks like a significant premium.... for the coin, the holder or the bean. Can someone give me a concise, rational reason for the price? Thanks, Keoj
It definitely won't be 'only $5,600' for too long, now!!
@keoj: “rational” isn’t part of this one. The winning bidder wanted it enough to bid that high & appears to have had some serious competition.
What’s “special” about this coin?
As time goes by, that group of coins (generation 1.0) becomes more & more rare. There’s a dedicated group of collectors that seek these coins out.
These collectors must look at these coins/holders like they’re rare museum pieces. It gets down to whatever the highest bidder gets in as the final bid.
I’m guessing the winner is happy regardless of price. As said earlier, “rational” doesn’t really apply here, but each of us has a different version of what that might be. Emphasize “might”.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Copperindian II
Indy Eagles
Gold Rush
Bust Caps
Retired sets: Soaring Eagles
Copperindian
Nickelodeon
Early Walkers
Successful transactions: redraider, winesteven, renomedphys, splitaces, oreville, ajaan, Cent1225, onlyroosies, justindan, blitzdude, DesertMoon, johnnyb, Heubschgold, SunshineRareCoins, ParadimeCoins, ndeagles, Southern_Knights, pcgsregistrycollector, BruceS
Thank you for the thoughtful comment. The thinking is not how I think about coin collecting. While I understand the the premium for a bean and possibly a holder (which the bean somewhat addresses), it just feels peripheral to the core asset. If the core asset is the holder, then I'm just limited in my perspective. Thanks for the context. Keoj
It's not any less rational than spending over face value for any coin. Different people choose to collect different things. And sometimes, they're going to choose something you wouldn't have.
@Lakesammman was even nice enough to let me buy one of his white label PCGS rattlers at not much above his cost back in the day. I still have it.
I was more excited to accumulate black NGC 1.0 slabs in 2013.
The PCGS Regency holders will not be far behind.
Has anyone ever asked David Hall if he kept a few of these very early stabbed examples? Or JD or any of the original folks at PCGS?
"Look up, old boy, and see what you get." -William Bonney.
AI :"The 1941-S Mercury Dime PCGS MS-65 FB (CAC Gold) OGH (1st Gen - White Rattler) featured on GreatCollections (GC Item ID: 2239418) reached a final auction bid of $24,000.00 prior to its close on Sunday, September 20, 2026"
Congrats to the end user.
Whoa! I just bought this for less:
Empty Nest Collection
Final hammer was $33851…..
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Copperindian II
Indy Eagles
Gold Rush
Bust Caps
Retired sets: Soaring Eagles
Copperindian
Nickelodeon
Early Walkers
Successful transactions: redraider, winesteven, renomedphys, splitaces, oreville, ajaan, Cent1225, onlyroosies, justindan, blitzdude, DesertMoon, johnnyb, Heubschgold, SunshineRareCoins, ParadimeCoins, ndeagles, Southern_Knights, pcgsregistrycollector, BruceS
Is there somebody out there with a $10,000 coin collection in a million dollars worth of plastic?
Empty Nest Collection
It's not the plastic, it's the labels in the plastic. Just as collectors pay a large premium for low or consecutively numbered serial numbers on currency, there are a good number of coin collectors who are willing to pay a hefty premium for certain labels. The early labels -- whether in PCGS or NGC holders -- are just as rare as a rare date coin.
I recently bought several coins (no pictures, sorry) for less (I'm sure) than your Indian cent.
While the label is in fact rare, the label is not a coin.
And to think, I was stunned last year when my $45 Merc went for $1150 w/o the juice on GC (who knew the 108s were so coveted, not me). Some told me it was low for the cert #:
.
.
But the white labels and getting closer to 1080000 just costs even crazier amounts. Open question is whether this will last or will prices for the White Labels start to come down, and how far...........
Resharing my recent discovery from my collection. Purchased around 1995 for $39. I know not 1.0 but I assume has high value ?
Your coin is a PCGS Gen 1.2 with a 108 certification. A really nice coin to have, and certified and holdered in the first month or two of PCGS's beginning, but not a Gen 1.0 or 1.1 White Label. Still, it is worth much more than a similar coin in a later holder. A great find and highly sought after.