Did anyone see that ad in CW for the business that sells Original Government Packaging for coins?

Longacre · February 21, 2007 3:58AM

The ad indicated that coins sold with original government packaging sell for higher prices or are somehow more valuable (I am not talking original velvet lined holders for the King of Siam set, here. I am talking little cardboard boxes for modern proof sets). Does anyone know if there is a market for these materials? Are the claims of value really true? We all know that advertisements are, for the most part, wholly accurate, so I assume that there is a demand and need for these original government boxes. Does anyone know anything more about this business? Where do they get the materials? I don’t have CW in front of me right now, but I think that there was a website for this business.

RichieURich · February 21, 2007 4:45AM

Lots of proof sets are broken up by wholesalers to sell the coins individually or to send them in for slabbing. Same with proof silver eagles, gold eagles, modern commems and the like. I would guess either this person breaks up a lot of sets, or contracts to buy the packaging from someone who does. If someone is selling a modern commem in the original holder and needs the COA in order to sell it, probably this guy has one. BTW, I did see someone at a show with an early 1950's proof set in the plastic post-1968 holder, and it looked OK, but was obviously not original.

ziggy29 · February 21, 2007 4:50AM

I've seen all those eBay auctions for coinless 1999 Silver Proof set holders and packaging, too.

shirohniichan · February 21, 2007 6:44AM

I saw the purple velvet-lined holder for Pan Pac coins at Long Beach last Saturday. Pretty cool, if you ask me.

I'm most interested in original sets of coins in the original packaging, but I guess putting coins you collect one by one in an old holder would be OK, too.

cladking · February 21, 2007 6:57AM

Some packaging has significant value because there is a premium for
intact sets and some people lack it. Most of it will prove very difficult
to move since the sets are worth more as pieces than they are intact;
which is why this stuff is even available.

They might be able to make a go of it anyway since most dealers have
sets without the packaging and might have an interest in preparing it
for retail. There's no question that the retail market for all this material
is growing.

7over8 · February 21, 2007 7:01AM

We are sliding down a slippery slope to value affected by packaging.....

MIB should be our new designation

Buy the holder, not the coin?

What a cruel world

wayneherndon · February 21, 2007 7:24AM

That sounds like John Maben. John and employee George Fitzgerald are members here. John's business centers around slabbing modern coins. A natural by-product is the packaging. I see he has both a website and an eBay store specifically devoted to these materials.

WH

cladking · February 21, 2007 7:38AM

<< <i>We are sliding down a slippery slope to value affected by packaging.....

MIB should be our new designation

Buy the holder, not the coin?

What a cruel world >>

Oh come on, this has been going on forever. Originality has long had value
no matter what form it takes. The real anomaly here is that so many modern
sets are worth less when they are intact.

There's no certainty that this will be profitable anyway. Most intact sets al-
ready have the packaging and the material that is available tends to be com-
mon. Most of the large retailers probably are cutting as more sets than come
in without the packaging so will have no need. This will probably proove most
popular with small coin shops that get "stuck" with good sets without packag-
ing and are experiencing much stronger demand for sets now.

I hope they make a mint at it.

Bochiman · February 21, 2007 9:47AM

<< <i>That sounds like John Maben. John and employee George Fitzgerald are members here. John's business centers around slabbing modern coins. A natural by-product is the packaging. I see he has both a website and an eBay store specifically devoted to these materials.

WH >>

Yep...good guess Wayne. The ad said something to the effect "subsidiary of John Maben ...." or something like that.

mrearlygold · February 21, 2007 9:59AM

I just got blown away on a set of 2 Polish coins that come with the original packaging. I figure the coins for ( max ) 200 bucks, and the packaging for another 200 bucks. They sold for $870.00

Did anyone see that ad in CW for the business that sells Original Government Packaging for coins?

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