BUY THE SLAB...not the....

coinut1799 · February 17, 2007 12:13AM

There has been a thread here about the Cincinnati commemorative being auctioned by Heritage in a rare, first generation black slab. It is lot 5978 in the auctioned, scheduled to go off around 3:00 (Eastern time) today. The closing internet bid on the coin is $3,250, plus the commission or a total of $3,737!!!

I have seen the coin, graded MS-65 with some orange color. It is not very pretty, and normally sells in the $650, maybe even $700 range. So people have bid an extra $3,000 plus, just for the slab. AMAZING!!

BRdude · February 17, 2007 12:19AM

a case of "buy the slab, not the coin??

Outhaul · February 17, 2007 12:33AM

http://coins.ha.com/common/view_item.php?Sale_No=430&Lot_No=5978#Photo

Uglier than a pan of fried a-holes.

joeyuk · February 17, 2007 12:37AM

http://coins.ha.com/common/view_item.php?Sale_No=430&Lot_No=5978#Photo

JRocco · February 17, 2007 12:44AM

You are posting this in this forum for what reason????

There are more plastic worshipers on this board on a per capita basis than anywhere else on the planet.

And we know who they are

19Lyds · February 17, 2007 1:06AM

True Slab Collectors!

These black holders are a part of the NGC Heritage right along with the PCGS Doily Slabs. Something you just don't see everyday and folks are willing to pay serious money so that they can either say they have one or so they CAN see it everyday.

PerryHall · February 17, 2007 1:13AM

How do these black NGC slabs compare to the PCGS Regency slabs as far as rarity and value? I have the second NGC slab with the white insert and the plain paper label. How do they compare to the black NGC slab? Thanks for any help.

coinut1799 · February 17, 2007 1:18AM

This was discussed in a prior thread. Apparently the black slabs were only used for about 3 months, and are considered very rare. I've looked at slabbed coins for 14 years, and don't recall ever seeing a black slab before seeing the one with the Cincinnati commem.

Coxe · February 17, 2007 1:23AM

Hmmm. $3K for some plastic or $3K for some more coins ...... ? Such dilemmas.

And the First Church of Plastic congregants have such a hard time wondering why some of us question their numismatic integrity?

ziggy29 · February 17, 2007 1:27AM

I think the coolness factor of a *rare* slab is worth a least a LITTLE bit of "buying the holder" along with buying the coin. But not *that* much, sheesh!

ricko · February 17, 2007 1:30AM

I like coins... not holders. For those intereste, do a search.. a complete slab history of all TPG's was posted some time ago, with pictures. Cheers, RickO

persaus · February 17, 2007 1:45AM

I collect Morgans in OGH Old Green Holders......I sometimes pay more for the plastic and not the coin.......sometimes the most beautiful women look better with their clothes on....

GoldenEyeNumismatics · February 17, 2007 1:47AM

wow, thats a huge premium

astrorat · February 17, 2007 1:52AM

One difference between the NGC black and PCGS Regency is that the NGC black was a true production slab and the PCGS Regency was a specialty slab - you paid a premium for having the coin holdered in a PCGS Regency slab. Nice idea, but apparently not very successful.

Recently PCGS Regency slabs have sold in the $400 range (slab, plus leather pouch and box) and contained an inexpensive coin (less than $50, IIRC)

The NGC black slabs I have seen "offered" (I use the quotes because usually someone has "offered" that amount and has been turned down) is in the $800 range for a $150 coin or so. The current price of the NGC black on Heritage is quite amusing...I certainly hope somebody is seeing that coin as a 67!

If not...I have a nice NGC black Iowa in 65...hmmm....say $3499...yeah...that would be nice. Anyone know the current underbidder at Heritage? LOL!

Lane

P.S. Speaking of rare slabs...anyone see many of the PCGS multi-coin slabs out on the bourse?

Jcarney · February 17, 2007 2:02AM

<< Hmmm. $3K for some plastic or $3K for some more coins ...... ? Such dilemmas.

And the First Church of Plastic congregants have such a hard time wondering why some of us question their numismatic integrity? >>

Although I personally would much rather spend $3k on more coins (or anything else really, than a "rare" slab). I wouldn't question someone's "numismatic integrity" for choosing to buy such a thing. Some people have the money to easily afford such a thing without it affecting their other pursuits and if it makes them happy, more power to them. The people whose "numismatic integrity" I question are those who alter coins for profit, shill auctions, overgrade or otherwise behave unethically. As Ben Franklin said: "Mind Your Business".

Coxe · February 17, 2007 2:12AM

You are not understanding what I mean by numismatic integrity. It has nothing to do with ethics (though demonizing the coin doctors and shills is always welcomed) and everything to do with numismatics. The history of TPG slabs is on the sidelines. Plastic collecting is not a specialty within coin collecting.

And Franklin's quote is not contextually consistent with its modern usage.

JRocco · February 17, 2007 2:26AM

<< I collect Morgans in OGH Old Green Holders......I sometimes pay more for the plastic and not the coin.......sometimes the most beautiful women look better with their clothes on....

>>

Please don't take this wrong-----but this completely describes you as a plastic collector not a coin collector.

Myqqy · February 17, 2007 2:37AM

the First Church of Plastic

I like that!

And I actually like that coin too... without the hefty plastic premium..

19Lyds · February 17, 2007 2:47AM

<< Hmmm. $3K for some plastic or $3K for some more coins ...... ? Such dilemmas.

And the First Church of Plastic congregants have such a hard time wondering why some of us question their numismatic integrity? >>

Wake up dude! It has nothing to do with Numismatic Integrity! Its all about collecting unusual and, what some consider, rare slabs.

I have absolutely no doubts that the folks bidding on this are not even considering the coin, just the historical black slab!

Who would have thought 20 years ago that people would not only pay big bucks for slabbed coins but pay even more for the slab its buried in?

JRocco · February 17, 2007 2:52AM

<< 

<< Hmmm. $3K for some plastic or $3K for some more coins ...... ? Such dilemmas.

And the First Church of Plastic congregants have such a hard time wondering why some of us question their numismatic integrity? >>

Wake up dude! It has nothing to do with Numismatic Integrity! Its all about collecting unusual and, what some consider, rare slabs.

I have absolutely no doubts that the folks bidding on this are not even considering the coin, just the historical black slab!

Who would have thought 20 years ago that people would not only pay big bucks for slabbed coins but pay even more for the slab its buried in? >>

Well thanks for at least having the integrity to come right out and say it has nothing to do with even considering the coin.....hence---a plastic collector NOT a coin collector. Right?

PerryHall · February 17, 2007 6:27AM

WOW!!!!!!!!!!!!!!!!!!!!! This coin just sold for $4,312.50. Must be the worlds most expensive piece of plastic.

Jcarney · February 17, 2007 7:48AM

<< Plastic collecting is not a specialty within coin collecting. >>

Says who? I'm sure that plenty of folks who consider themselves serious numismatists also collect different and unusual slabs. Numismatics encompasses a broad swath of money collecting.

<< And Franklin's quote is not contextually consistent with its modern usage. >>

Yeah, I know. but it sounded good.

Tesoro · February 17, 2007 7:51AM

then there was the 36-S Cinn that went close to 10K in the same auction

BUY THE SLAB...not the....

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