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Now's your chance to own a NGC Black Slab

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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    fc:

    You posted:



    << <i><< Re "i just cannot understand collecting plastic slabs. if i had a stack of them they would be sold so fast into this mysterious black slab bubble. "

    All I have to say is that i just cannot understand collecting rare coins. if i had a stack of them they would be sold so fast into this mysterious rare coin bubble. >>

    two things to note.

    one defender of the black slab is an owner of them and actively promotes them on this board. Of course he takes offense to my opinion.

    the next person basically attempts to make me look foolish by using
    my own words against me. as if everything is considered collectible
    if a few people out of a few billion just happen to put them aside
    and call them collectibles.

    hey mark, i have a few dog turds i can sell you. they are highly collectible. you want in?
    ---------
    lets face it.. people are paying stupid money for these.. and it seems
    quite apparent to most here. who gives a rat's butt about the history
    of a TPG that has a goal of making money from said collectors? I guess
    some here cherish that. heh.

    the mystery behind old slabs was the thought the coin was undergraded
    and worth paying a premium for. Now that has been warped into thinking
    that the slab itself is worth the premium no matter the coin inside it.
    rather odd that and continues my belief that most collectors are
    lemmings at heart. Just follow the crowd. Soon others will be posting
    black slabs found where ever and people will be oooh and aaahing
    over them.

    nuff said >>



    Well, you do like to state your honest opinion and I respect you for that. We seem to get along on these boards but always feel free to disagree with each other when we feel it is appropriate. That being said, I must first agree that you said "nuff." image

    Now is my turn to respond to your specific comments:


    You said:

    << <i>
    one defender of the black slab is an owner of them and actively promotes them on this board. Of course he takes offense to my opinion. >>



    If you are referring to me on this comment, then you are correct that I am an owner and that I actively promote them, but I do so to try to buy more of them. At the same time, I have taken an educational approach to make others aware of the scarcity of these slabs even at peril to myself in hopes of acquiring them cheaply since there are already too many other collectors who want these black slabs at strong prices.
    Now as to your assertion that I took offense to your statement, I can state that I was not offended. My statement was: <<<<Ok then, just find the black NGC slabs. The mysterious black slab bubble is waiting for you.>>>> In effect I just stated cryptically that if you have or can acquire a stack of these black NGC slabs that I (and others) would be happy to buy them immediately, since I believe they are so hard to find.>>>>


    Then you stated:

    << <i>the next person basically attempts to make me look foolish by using
    my own words against me. as if everything is considered collectible
    if a few people out of a few billion just happen to put them aside
    and call them collectibles. >>



    I do not believe that was me, but if anything, including anything is scarce enough and has a story to tell then at some point will be considered a collectible if two or more collectors want them. After all, what is the website address of this site? Coin.com? No. Coinuniverse.com? At one time it was but no longer. UScoins.com? No. Collectorsuniverse.com? Collectors.com? You got it.

    Dogturd, if it was found to be a prehistoric dog worthy of inclusion in a museum with other prehistoric artifacts might very well be collectible and of real collectible value.


    Then you stated:


    << <i>lets face it.. people are paying stupid money for these.. and it seems
    quite apparent to most here. who gives a rat's butt about the history
    of a TPG that has a goal of making money from said collectors? I guess
    some here cherish that. heh. >>



    Fair enough. This is your opinion and that of many others. It is indeed stupid money and indeed I do "cherish" these slabs. These slabs were issued at a time when TPG began as not only as a money making venture but also as noble venture(s) to save our hobby from the rampant overgrading that nearly destroyed it. The only reason why PCGS rattlers are not similarly valued is they are not rare. The NGC black slabs, on the other hand, according to John Albanese were only in production for two weeks at 300 slabs per day or a total of 3000 slabs, the vast majority were cracked out because the owners disliked the black coloration of the slabs. Furthermore, I have in fact, paid more than $1500 for a NGC black slab not once but twice. But do keep this in mind. These black NGC slabs are valued based on their own scarcity and not the scarcity of the coins within the slab. I predict these black NGC slabs will hold their value better than the coins themselves during this upcoming coin market downturn because such slabs do not primarily depend on the coin values contained within.

    You then stated:


    << <i>the mystery behind old slabs was the thought the coin was undergraded
    and worth paying a premium for. Now that has been warped into thinking
    that the slab itself is worth the premium no matter the coin inside it.
    rather odd that and continues my belief that most collectors are
    lemmings at heart. Just follow the crowd. Soon others will be posting
    black slabs found where ever and people will be oooh and aaahing
    over them. >>



    This warping factor has only occurred as the prices of these black NGC slabs continued to rise beyond even the value of the potentially undergraded coins. I am one of the proponents who have brought my black NGC slabs to CAC for stickering. Indeed less than 50% of these black NGC slabs are not slam dunk upgrades but at the same time 100% of the black NGC slabs examined by me are considered to be strong (not just solid) for the grade. This is a sea change in that the hobby is at last recognizing the scarcity of the black NGC black slabs as a collectible in itself.

    Keep in mind that coin collectors (including myself) love it when other coin collectors oooh and ahhh over specific coins within the collection. You are no different. You seem to be pleased when you find a nice crusty old gold coin and show it to us to enjoy and also ooh and ahh. There is pleasure on both sides when that happens. The collector feels satisfaction that his choice of coin is appreciated by others. Ok, you pick gold, I also pick gold and also silver, aluminum but just a few of my purchases are now including just a piece of plastic around a coin
    and I derive tremendous enjoyment from them as well.

    Lemmings? Sure we are lemmings to a point. But we have individual minds and know what we like or do not like.










    A Collectors Universe poster since 1997!
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    fcfc Posts: 12,805 ✭✭✭
    just read the post above yours...

    never heard of the slab but quite sure it is worth 1000+ dollars
    based on a thread the person just read.

    this is exactly what i am talking about. promotion plus the lemming
    factor.
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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    fc:

    It might be a really good idea to have nicetoning clarify his post because while I interpret his post differently than you, it is indeed possible that what you say is true in this case and others.

    Perhaps you (or a neutral 3rd party) can pm him to ask him to clarify his post?

    It is worthy of exploring this further.

    By the way, "promotions" and "promoting" are generally seen when a dealer or dealers or collectors can amass a sufficient amount of inventory to benefit from his promoting such item. No one has such hoard that I am aware of including me.







    A Collectors Universe poster since 1997!
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    PerryHallPerryHall Posts: 47,594 ✭✭✭✭✭
    oreville---Any predictions what this slab will bring? I'd love to get one but they are out of my price range.

    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

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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    Perry:

    It should bring between $1300 and $1500. If it goes for more then it might be evidence of the growing fame of these old slabs.

    There is a teletype open offer on the coin dealer network for around $1250-$1300 so I would be surprised if it went for less.

    My only concern; I can't tell if this quarter looks nice or lousy for the assigned grade.

    A Collectors Universe poster since 1997!
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    PCcoinsPCcoins Posts: 3,354 ✭✭✭
    I believe it will sell for more than $1500 but that's JMO. The coin looks to be at least a 65, but the pictures are bad for grading.

    The point of me posting this thread was to let everyone in on the hype these black slabs are getting and I believe this is the 2 - 3 one I have seen on ebay in 2 years.
    "It is what it is."
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    I meant to say I'd never heard of a 1940-D Quarter inside of a black holder. I know of about a half dozen of these black holders. Never seen any kind of Quarter in one of them. That is to say this could be a potentially fresh specimen. The average price for these holders seem to be around $2,000. The 40-D Quarter is a somewhat special coin, but keep in mind most of the ones that were sent in for grading were really nice back then since I've heard grading fees were higher back then.
    A lie told often enough becomes the truth. ~Vladimir Lenin
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭
    This is GREAT! I would have never thought a Black Slab thread would garner so much passion...on both sides of the argument!

    Geez folks...they're just coins. We're not talking about saving lives or feeding the hungry. For everyone who likes these slabs and is willing to collect them...good for you. For all of you who think the whole idea is absurd...good for you, too. Seriously.

    Those who think we (that's the Royal we) are paying stupid money for them, then here is your way to stick to us (that's the Royal us)...buy coins in Black Slabs for "normal" money and sell them for a big profit to the fools (that's the Royal fools). You know you have anxious buyers. Geez...if I can cherrypick one you ought to be able to do the same.

    Now for those who care...here is a listing of the current coins in NGC Black Slabs that I know about:

    1891-O Morgan Dollar- MS-64
    1936-D Cincinnati- MS-65
    1946-P Iowa- MS-65
    1879-S Morgan Dollar- MS-64
    1890 Liberty Nickel- PR-63
    1880-O Morgan Dollar- MS-64
    1892-P Barber Dime - MS-62
    1936-P Norfolk - MS-65
    1880-S Morgan Dollar - MS-64
    1937-D Oregon Trail - MS-65
    1940-D Washington Quarter - MS-64

    That's 11 so far with a few more I have heard are still in hiding.

    Lane
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    sinin1sinin1 Posts: 7,500
    its past my max bid


    but would be happy to see a board member get it
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    DennisHDennisH Posts: 14,041 ✭✭✭✭✭
    I'm happy for anyone who is willing to pay big money for things that excite them... even if those things don't excite me nearly as much.

    In that regard the black slabs are exactly like anything else that people collect, coins or otherwise.
    When in doubt, don't.
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    BcsicanBcsican Posts: 1,068
    In my opinion it still is an ugly holder no matter what coin is in it...
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    RWBRWB Posts: 8,082
    [I'd still prefer the Black Lab puppy...]
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>This is GREAT! I would have never thought a Black Slab thread would garner so much passion...on both sides of the argument!

    Geez folks...they're just coins. We're not talking about saving lives or feeding the hungry. For everyone who likes these slabs and is willing to collect them...good for you. For all of you who think the whole idea is absurd...good for you, too. Seriously.

    Those who think we (that's the Royal we) are paying stupid money for them, then here is your way to stick to us (that's the Royal us)...buy coins in Black Slabs for "normal" money and sell them for a big profit to the fools (that's the Royal fools). You know you have anxious buyers. Geez...if I can cherrypick one you ought to be able to do the same.

    Now for those who care...here is a listing of the current coins in NGC Black Slabs that I know about:

    1891-O Morgan Dollar- MS-64
    1936-D Cincinnati- MS-65
    1946-P Iowa- MS-65
    1879-S Morgan Dollar- MS-64
    1890 Liberty Nickel- PR-63
    1880-O Morgan Dollar- MS-64
    1892-P Barber Dime - MS-62
    1936-P Norfolk - MS-65
    1880-S Morgan Dollar - MS-64
    1937-D Oregon Trail - MS-65
    1940-D Washington Quarter - MS-64

    That's 11 so far with a few more I have heard are still in hiding.

    Lane >>



    There was a MS62 1914-P $10 that crossed Heritage in 2006 (?) sold for $4300 as I recall.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    I see it went for $1530.
    A Collectors Universe poster since 1997!
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    RampageRampage Posts: 9,678 ✭✭✭✭✭
    Wowie!!
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    PerryHallPerryHall Posts: 47,594 ✭✭✭✭✭
    Oreville---Do you think this was a bargain or did the buyer pay top dollar? Something like this isn't in the Grey sheets.

    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

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    ShamikaShamika Posts: 18,785 ✭✭✭✭
    Appears to be accurately graded as well. image

    Buyer and seller of vintage coin boards!
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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    Perry:

    I will give you my honest opinion to answer your question as this legitimate ebay auction gives a good idea of the various true values of this slab.

    Keep in mind I was the underbidder at $1505. I bid that number several days ago and let it stand as I indicated I felt the value of this slab was between $1300 and $1500.

    More later. Gotta do tax returns now.
    A Collectors Universe poster since 1997!
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    rld14rld14 Posts: 2,390 ✭✭✭
    How many people who cracked coins out of them are kicking themselves right now? image
    Bear's "Growl of Approval" award 10/09 & 3/10 | "YOU SUCK" - PonyExpress8|"F the doctors!" - homerunhall | I hate my car
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>Oreville---Do you think this was a bargain or did the buyer pay top dollar? Something like this isn't in the Grey sheets. >>



    I was guessing (privately with another collector) that it would probably go for around $1250-1500...admittedly, that was after it had already reached $1000. Had I been asked before the auction started, I would have estimated $800-1000 at the most. Mainly because the coin is so mediocre. At least some of the other NGC Black slabbed coins have been nice pieces and have commanded well over $1000. Looks like the current floor for these is $1500.

    May you all cherrypick one soon!

    Lane

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    I feel the closing price of 15 and some change is on the lower end of the spectrum a little. Could've done much better if there were at least 2 very interested parties. But, hey, it could've done worse. Not to say Oreville wasn't an interested party, but I've seen these things get bid up to moon money before by collectors who "had to have it".
    A lie told often enough becomes the truth. ~Vladimir Lenin
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>I feel the closing price of 15 and some change is on the lower end of the spectrum a little. Could've done much better if there were at least 2 very interested parties. But, hey, it could've done worse. Not to say Oreville wasn't an interested party, but I've seen these things get bid up to moon money before by collectors who "had to have it". >>



    Do you have any links to the auctions? It would be great to add some more coins to the database.

    Lane
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>There was a MS62 1914-P $10 that crossed Heritage in 2006 (?) sold for $4300 as I recall. >>



    I could not find it in the Heritage archives using the search terms "NGC black." Do you happen to have a link, my good man?

    Lane
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    orevilleoreville Posts: 12,321 ✭✭✭✭✭
    My analysis of the value of this slab:

    $1505 to $1530 = 2 different bidders - bidder #1 & #2 (note #2 was myself)
    $1325 to $1351.47 = 2 more different bidders #3 and #4
    $1000 = bidder #5
    lower prices = other bidders

    So four different bidders are absolute supporters of this NGC black slab at the $1325 level and then at the $1500 level thins out to 2 bidders.

    So my prediction of $1300 to $1500 remains mostly on target with minor variations. On any given day if just one bidder #1 or #2 doesn't bid, the winning bidder would have won it for $1376.46.

    So is the slab worth $1530? Based on what happened here 50% of time it would be and half of the time it would be worth only $1376.46 assuming one of the top two bidders drops out 50% of the time. This means that the $1530 would be possibly overvalued by about $150 maximum 50% of the time, not a whole lot (about 10% of the selling price) considering that these slabs are nearly irreplaceable.

    This is why I was willing to bid $1505.


    A Collectors Universe poster since 1997!
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    Batman23Batman23 Posts: 5,379 ✭✭✭✭✭


    << <i>

    << <i>There was a MS62 1914-P $10 that crossed Heritage in 2006 (?) sold for $4300 as I recall. >>



    I could not find it in the Heritage archives using the search terms "NGC black." Do you happen to have a link, my good man?

    Lane >>



    1914 MS62 Eagle in NGC Black Plastic

    It is a nice looking set up.

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    Wonder if it is time I sold mine that I bought this year at a local shop for 12% back of bid for the coin. I paid less than $100 for a coin with a bid of $105. The coin store could care less about the slabs, I have a lot of early, first gen holders and sample slabs. The deal I have worked out with them is that if the coin is worth less than $5 ( MS Roosevelt) in a sample slab or any lab I have to pay at least $5. That's it, so I have built up quite a collection of slabs (all kinds) over the years cheaply. I had a NGC Black that I sold privately to another board member tat is not on the list posted here either. I am thinking of putting it on the BST. I just bought 10 WTC PCGS 2001 silver eagles for $3.25 over spot and 12 1961 10 peso Uruguay WTC coins for $5 each. I don't need to hear the WTC/PCGS debate, I know where many stand, the point is my shop could care less about the holder, 2 NGC black's in 4 years. If someone wants to pay that insane amount of money for a slab then I need to put it on the BST for ebay.
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    So does anyone know who won this? Was it a board member?
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>There was a MS62 1914-P $10 that crossed Heritage in 2006 (?) sold for $4300 as I recall. >>



    I could not find it in the Heritage archives using the search terms "NGC black." Do you happen to have a link, my good man?

    Lane >>



    1914 MS62 Eagle in NGC Black Plastic

    It is a nice looking set up. >>



    Thanks! I am not sure how that one slipped by.

    Lane
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>There was a MS62 1914-P $10 that crossed Heritage in 2006 (?) sold for $4300 as I recall. >>



    I could not find it in the Heritage archives using the search terms "NGC black." Do you happen to have a link, my good man?

    Lane >>



    1914 MS62 Eagle in NGC Black Plastic

    It is a nice looking set up. >>



    Thanks! I am not sure how that one slipped by.

    Lane >>



    There was also a common date MS63 $20 Saint 1928 (?) as the Black NGC slab w/o the coin due to a crack-out was on Ebay in 2007 for $300.00.

    I posted it in a thread but couldn't find it in the archives image

    Oh and this one on EBay last year with a BIN... 1937 D Oregon 50c NGC MS65 BLACK holder $4,979.95
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    PerryHallPerryHall Posts: 47,594 ✭✭✭✭✭


    << <i>There was also a common date MS63 $20 Saint 1928 (?) as the Black NGC slab w/o the coin due to a crack-out was on Ebay in 2007 for $300.00. >>



    I remember that one. The break was clean and on the seam. Any bets that holder has a new Saint in it and has been resealed?

    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

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>There was also a common date MS63 $20 Saint 1928 (?) as the Black NGC slab w/o the coin due to a crack-out was on Ebay in 2007 for $300.00. >>



    I remember that one. The break was clean and on the seam. Any bets that holder has a new Saint in it and has been resealed? >>



    Never know... a lil super glue works wonders. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!

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