MULTI-COIN HOLDER TAKEN A STEP FURTHER. GOOD IDEA PCGS!

wondercoin · November 21, 2003 6:00AM

I noticed an ad on the www.tulving.com site today under their "specials":

"THE NEWEST, COOLEST INNOVATION FROM PCGS!!!
A ONE PIECE PCGS HOLDER FOR THE 4 COIN PROOF GOLD AMERICAN EAGLE SET THAT FITS NICELY INSIDE THE ORIGINAL U.S. MINT GOLD PROOF SET BOX!!! TAKE A LOOK AT THIS STUNNING SET AND OTHER PICS: ....
WE HAVE THE 4 COIN SET, GRADED BY PCGS AS PR69DCAM, AND WE
WILL INCLUDE THE ORIGINAL MINT BOX, WITH COA ( Certificate of Authenticity) WITH EACH SET ORDERED!!! "
*************
What PCGS has done here is create a 4 coin multi-holder which actually fits in the original govt. packaging. That is very clever.

I also wonder if it might become easier to sell slabbed coins to retirement accounts, etc. where the coins actually come in the original govt. packaging like this? At one point I was under the impression that only the original govt. packaged coins were available in some of these accounts, but, I have not been closely following the rules. Does anyone know the current rules on placing these gold and platinum coins in retirement accounts?

Anyone, very clever idea PCGS to develop a holder which fits into the original packaging

Wondercoin

Placid · November 21, 2003 6:02AM

kieferscoins · November 21, 2003 6:04AM

I knew PCGS would do it. It was only a matter of time.

Cameron Kiefer

XpipedreamR · November 21, 2003 6:05AM

I still don't think I like these multicoin holders.

Placid · November 21, 2003 6:05AM

mdwoods · November 21, 2003 6:11AM

The multi coin holders are cool for certain coins, like the ones shown, or 5 coin proof sets from the 50's. Also for state quarter sets and transitional coins as well.
It's a good idea, and PCGS has refined it a bit more. I like it.

foodude · November 21, 2003 6:12AM

I briefly looked on PCGS's website and did not see anything on these new holders. What do they charge?

keets · November 21, 2003 6:19AM

i think this type of thing is a good idea from a marketing standpoint but i can also see the downside. when one or more of the coins changes---develops a spot, discolors or hazes---it might impede the sale of the set or harm it's appearance. it's also pretty much Modern focused.

i still like it and think it's clever and attractive.

al h.

greghansen · November 21, 2003 6:19AM

I've written NGC about a multi-coin holder for the 4 Nat. Wildlife Medals. With their frosted laser devices I think those 4 medals would look pretty good with the white NGC border.

ms70 · November 21, 2003 6:33AM

Boy it's going to be a pain in the @$$ tapping that thing around to get all the coins straight!

relayer · November 21, 2003 6:34AM

I could never make one because I'm sure in my submission one would turn out to be a 68

I wonder how having one cert number for four coins would work in the Registry?

dpoole · November 21, 2003 6:36AM

I like it. It has been a personal issue for me to invade the original government pakaging of sets to get one or two graded. How many holes have we seen in those 1995 Anniversary Sets, so that people could get at the SAE?

IrishMike · November 21, 2003 6:51AM

Good marketing idea, but the look of the holder is bland.

Bubblehead · November 21, 2003 6:57AM

I like it.
It's a step in the right direction.

Russ · November 21, 2003 6:58AM

I'll bet that thing is a bitch to crack out.

Russ, NCNE

kranky · November 21, 2003 7:00AM

I'm surprised that it wasn't discussed here already, until after one was spotted on a seller's site.

ms70 · November 21, 2003 7:13AM

That must be a sample slab! Note it does not have the PCGS logo in the plastic.

mercurynut · November 21, 2003 7:28AM

I like this idea!!!!!!!!!

kieferscoins · November 21, 2003 7:30AM

<< That must be a sample slab! Note it does not have the PCGS logo in the plastic. >>

Nope. It has a grade and PCGS uses MS00 on their sample slabs. The labels usually say "sample" also. That would be one expensive sample slab.

Cameron Kiefer

dollardude · November 21, 2003 7:56AM

Great idea! I think they did this in response to NGC.

eminem · November 21, 2003 8:02AM

Some companies lead and some follow!!! Nuff Said???

wondercoin · November 21, 2003 8:47AM

Anyone out there know if the "slabs in original packaging" are acceptable for retirement accounts?

Wondercoin

oreville · November 21, 2003 10:26AM

Nice holder although a little wasteful space wise, but a minor quibble.

Good defensive marketing move here.

Relayer's question is a good one........

<< wonder how having one cert number for four coins would work in the Registry? >>

Curious to the answer.

razorface1027 · November 21, 2003 10:48AM

Do you think they'll do it for the modern mint sets(mid-70s to present)?

jbsteven · November 21, 2003 10:55AM

I am looking forward to putting a group of toned Morgans in a large holder like that.

hamiltonjh · November 21, 2003 11:26AM

It looks kinda cool, but I'd have to agree with others...
be a pain in the @$$ to kee the coins all in one direction. AND, if 1 or 2 spotted or toned or something causing possibly a different grade or something, then what? And the point of registry with 5 coins and 1 number...that would be tough too.
Great idea in theory, but as of now, I still like the single holder, personally.

Aethelred · November 21, 2003 11:41AM

I hate the multi-coin holders!

kranky · November 21, 2003 12:02PM

<< Anyone out there know if the "slabs in original packaging" are acceptable for retirement accounts?

Wondercoin >>

My understanding is that you can put GAEs and SAEs and platinum US coins into IRAs as long as a custodian has physical possesion. I don't think the packaging matters at all, or ever did.

wondercoin · November 21, 2003 3:10PM

Kranky: I was told a while back (perhaps wrongly) that those gold and platinum coins had to be raw though. In other words, you were not able to buy $5,000 slabbed PR70's in the account.

Perhaps someone on the boards who actually has coins in a retirement account can comment.

Wondercoin

Tonelover · November 21, 2003 3:30PM

It doesn't seem to me that bullion is the best investment vehicle for use in IRA's. The main benefit of an IRA is tax deferred (regular contributory IRA) or exempt (Roth IRA) growth. Unless bullion does amazingly well, I feel people are better off taking advantage of the tax savings and resultant compound growth that can be realized from traditionally better performing areas such as properly chosen stocks, bonds and mutual funds.

The more growth the better the realized benefits. Place your bets however you see fit but bullion is not my first choice for monster appreciation in the long term. Thus it has no place in my IRA.

As far as having the original holders and all that, it doesn't really matter because you can't just buy it yourself or use coins you already own. IRS regulations state that you have to use an approved custodian which buys, sells and acts as a depository on your behalf. Basically it's all on paper, which kind of goes against the whole idea of bullion ownership anyway.

Disclaimer: Please consult with your tax advisor before acting on anything I just said.

wondercoin · November 21, 2003 3:52PM

Jon: I agree with your assessment, with perhaps one caveat - if you are a diehard collector who desires complete sets of gold and/or platinum Eagles for your collection (and these sets are very popular), what better way to have some fun than to get your collection and your deduction at the same time -kind of like having your cake and eating it to (whatever that means)

Wondercoin

Tonelover · November 21, 2003 4:00PM

Mitch, that brings up another interesting question. Say you could have a set of PCGS PF-70 Eagles in your IRA and they doubled in price due to collector forces as opposed to a rise in metal prices. Would the IRS recognize them as such, or simply weigh them on their bullion value regardless?

Since rare coins are not allowed in IRA's as of yet, I would assume the latter but it's just speculation on my part. I am guessing that you couldn't add PCGS graded bullion if you wanted to, and if you could then it would be treated solely on bullion value anyway.

wondercoin · November 21, 2003 4:50PM

"Since rare coins are not allowed in IRA's as of yet"

What I thought as well, which is why I believed PCGS graded gold or platinum Eagles were not permitted in retirement accounts, but, bullion (raw) coins were allowed. Which brings up my original question of whether PCGS graded proof gold eagle bullion coins in the "non-rare" grade of PR69 (like those pictured here) which go back into the original packaging would be acceptable for retirement accounts? We may never know

Wondercoin

islemangu · November 21, 2003 6:24PM

All coins with one grade seems odd. What are the chances if each coin was separately submitted that they would they all come back that same one grade? or maybe its an overall net grade for the whole bunch together instead of individually?

kranky · November 21, 2003 8:45PM

<< All coins with one grade seems odd. What are the chances if each coin was separately submitted that they would they all come back that same one grade? or maybe its an overall net grade for the whole bunch together instead of individually? >>

For modern proofs, it's probably not all that unusual. From what I hear, the vast majority grade 69DCAM.

STEWARTBLAYNUMIS · November 21, 2003 9:38PM

How about a multi coin holder for aset of REAL gold coins ?

Let's say an 1898 gold proof set with different grades !

stewart

LanLord · November 21, 2003 9:44PM

What happens if you send in a set similar to the one pictured and it turns out with 3 - PR69 and 1 PR68? Do they BB your order, place only three in the multi coin slab or upgrade the one 68 to a 69 just for $hits and giggles?

eminem · November 21, 2003 10:42PM

Why is it so hard to understand that these are created on bulk submission!! The like grades are assembled into the set and slabbed. Do you think that Joe collector sends in a set and prays for identical grades for slabbing or that PCGS takes the 3 dcam 69's and down grades or upgrades the other to make a set. Coin vault submits bulk to its personal grading company NGC and gets all the different multi slab varieties. i.e. 2000 2001 2002 SAE,s. in one holder.

wallstreetman · November 21, 2003 11:54PM

Not good from a selling standpoint, you always get more selling separately!

Conder101 · November 22, 2003 3:01AM

I just want them to issue the multi-coin holder for some other sets. I REALLY don't want to have to sink that much money into getting that holder.

supercoin · November 22, 2003 6:11AM

It'd be cool if they could also take off that ugly barcode and printing. And maybe put the coins in nice shiny little round capsules instead of that frosted plastic. And put the whole thing in a nice velvet display album.

Sorta like... sorta like... the US Mint already does.

cladking · November 22, 2003 6:27AM

How about an entire set like roosies or memorials?

There might be some interest.

flaminio · November 22, 2003 8:58AM

<< How about an entire set like roosies or memorials? >>

It's the next logical step. An entire slabbed album. 'Twould be interesting...

MULTI-COIN HOLDER TAKEN A STEP FURTHER. GOOD IDEA PCGS!

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