BUY THE SLAB...not the....
coinut1799
Posts: 318
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!!
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!!
No good deed goes unpunished
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Uglier than a pan of fried a-holes.
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
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.
The name is LEE!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And the First Church of Plastic congregants have such a hard time wondering why some of us question their numismatic integrity?
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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?
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>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".
My icon IS my coin. It is a gem 1949 FBL Franklin.
And Franklin's quote is not contextually consistent with its modern usage.
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SSDC - Life Member
ANA - Pay As I Go Member
<< <i>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.
I like that!
And I actually like that coin too... without the hefty plastic premium..
<< <i>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?
The name is LEE!
<< <i>
<< <i>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?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>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.
<< <i>And Franklin's quote is not contextually consistent with its modern usage. >>
Yeah, I know. but it sounded good.
My icon IS my coin. It is a gem 1949 FBL Franklin.