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NGC Black slab on Teletrade
Manorcourtman
Posts: 8,489 ✭✭✭✭✭
Anyone else following this Sunday night? I liked it but not as much as others! Gen 1 slab
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<< <i>Anyone else following this Sunday night? I liked it but not as much as others! Gen 1 slab >>
Thats an awfully expensive slab!
The name is LEE!
Incredible...
<< <i>
<< <i>Anyone else following this Sunday night? I liked it but not as much as others! Gen 1 slab >>
Thats an awfully expensive slab!
Yup---it's also an extremely rare one.
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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(Congressional dysfunctionality, however, is one that I can.)
<< <i>This is more absurd than almost anything I can think of.
(Congressional dysfunctionality, however, is one that I can.) >>
And you collect VAM varieties?
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>Actually, it sold for $2875! >>
they can have it for that price
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
<< <i>
<< <i>This is more absurd than almost anything I can think of.
(Congressional dysfunctionality, however, is one that I can.) >>
And you collect VAM varieties?
I made that almost too easy, didn't I?
<< <i>
<< <i>
<< <i>This is more absurd than almost anything I can think of.
(Congressional dysfunctionality, however, is one that I can.) >>
And you collect VAM varieties?
I made that almost too easy, didn't I? >>
<< <i>All it needs is a First Strike label to make is worth $3k
And then a secure plus and a CAC stick to make it 3125!
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
The Morgan has the look of a 4, not that it matters, it's all about the slab.
Wonder how many are held by those with no idea of the collector value?
<< <i>How long did NGC produce the black slab? >>
About a month. No one liked them since heavily toned silver and dark copper didn't look good with the black background and almost all coins in the black NGC slabs have been reholdered. The marketing geniuses at NGC said the NGC logo should be on the front of the slab so everyone can see it and the label showing the date/mintmark and grade should go on the back---another reason these first generation slabs were disliked by dealers and collectors.
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>I took a stab at that one but it quickly got way past stupid money, amazing how much someone spent for a $50 coin. >>
LOL....I guess that a slab "collecter" paying moon money for a rare slab is a big deal, but a coin "collector" paying huge for a rare penny isn't!
I say collect what you like.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Thanks for the thread. I don't follow Teletrade so I would have missed it.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>That is light years beyond STUPID!!! >>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>
<< <i>That is light years beyond STUPID!!! >>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.
Sean Reynolds >>
You apparently don't know DIMEMAN very well.
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>
<< <i>That is light years beyond STUPID!!! >>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.
Sean Reynolds >>
*Except twenty-cent pieces and Overton varieties, of course!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>
<< <i>That is light years beyond STUPID!!! >>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.
Sean Reynolds >>
Yep.
He who knows he has enough is rich.
Stupid is as stupid does.
I don't collect these by the way. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>These slabs are truly rare. That can not be debated. They are highly collectable. The known census is at 20. (yes there are more out there but the amount is finite) Twenty currently! What is so hard to understand about that? They are prized by some. For the life of me I can not understand why someone would chide somebody else for what they collect. Especially on a collectors site of all places! A "Collectors Universe" for goodness sakes. If any place would have tolerance for the arcane it should be here, right? You can go to several major shows without seeing one of these slabs. It seems that when something is posted that others don't collect or something that they don't understand the greater fool theory just has to be in effect. Low hanging fruit must be in season. I suspect some of the most savvy of collectors are in possession of some these Black Slabs. Sometimes the treasure chest itself is worth more then the treasure inside of it. This is not new. The lack of imagination by some is truly depressing.
Stupid is as stupid does.
I don't collect these by the way. MJ >>
ya it has gotten a little out of control
how about people that pay $600 million for a painting, or $8 million for a car or a coin for that matter, there many things bringing much more asinine prices than these little guys
.
I have the NGC Black Peace Dollar. Got it off eBay for roughly what all of them have been selling for. Was happy to get it. The night it arrived and I posted heralding my entry to the 'NGC Black' Club, I received a PM offering to buy it from me before I got too used to it. The profit for owning it for an hour? $1750. I didn't sell it.
Drunner
(Huh? Whazza Doily?)
<< <i>These slabs are truly rare. That can not be debated. They are highly collectable. The known census is at 20. (yes there are more out there but the amount is finite) Twenty currently! What is so hard to understand about that? They are prized by some. For the life of me I can not understand why someone would chide somebody else for what they collect. Especially on a collectors site of all places! A "Collectors Universe" for goodness sakes. If any place would have tolerance for the arcane it should be here, right? You can go to several major shows without seeing one of these slabs. It seems that when something is posted that others don't collect or something that they don't understand the greater fool theory just has to be in effect. Low hanging fruit must be in season. I suspect some of the most savvy of collectors are in possession of some these Black Slabs. Sometimes the treasure chest itself is worth more then the treasure inside of it. This is not new. The lack of imagination by some is truly depressing.
Stupid is as stupid does.
I don't collect these by the way. MJ >>
Sounds like sour grapes from smoeone [not you MJ] who wishes he had a few to sell.
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.<<<
I curious how you can call U.S. Dimes "esoteric". Mercury's are one of the most popular coins collected. And there are a lot of collectors of Barbers and Seated and Bust. Even the Roosies are popular.
There is just something wrong with paying over $2500 for a $50 coin. And I have a right to express that.
<< <i>>>>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.<<<
I curious how you can call U.S. Dimes "esoteric". Mercury's are one of the most popular coins collected. And there are a lot of collectors of Barbers and Seated and Bust. Even the Roosies are popular.
There is just something wrong with paying over $2500 for a $50 coin. And I have a right to express that. >>
You need to pay better attention. He wasn't buying a coin---he was buying an extremely rare and highly collectable first generation black NGC slab that just happened to have a coin inside.
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'm sorry but it is STUPID! And if you took a poll and everyone voted how the really feel it would reflect my thoughts exactly!
I believe I've sold at least 4 of those black holders here on the forum over the years and I've always considered them more of a novelty than a collectible, but I guess I can understand the money they now bring due to their scarcity.
I can also say that the black holders were not hated by everyone when they first appeared. I remember some dealers / collectors actually thought they were kinda cool as opposed to the PCGS rattler holders which I really disliked because they were often true to their nickname which was very annoying. As is the case with many hobbies, what was generally disliked, unpopular and subsequently discontinued in the past is today's sought after collectible.
<< <i>>>>
I'd expect more tolerance and/or empathy coming from someone with a collection that (one could easily argue) is just as esoteric as rare slabs.<<<
I curious how you can call U.S. Dimes "esoteric". Mercury's are one of the most popular coins collected. And there are a lot of collectors of Barbers and Seated and Bust. Even the Roosies are popular.
There is just something wrong with paying over $2500 for a $50 coin. And I have a right to express that. >>
Collecting Mercury Dimes is not esoteric; however, I would argue that collecting them by variety is. In fact, I would argue that there are more collectors of those black NGC slabs than there are of the dime varieties in your registry sets.
It may help your understanding to think of "slab" collecting in its purest sense as a form of exonumia. I wouldn't consider it "light years beyond stupid" for someone to buy a defaced Buffalo nickel if it was a hobo nickel carved by one of the early masters. I wouldn't say there was "something wrong" for a collector to pay an enormous premium for a Seated dime with the reverse ground off if it was a beautifully engraved love token. I wouldn't chide someone for buying a cull, damaged large cent if it bore an historically significant counterstamp. I wouldn't begrudge someone for paying a premium for an early proof set, a classic commemorative, or a lot from a famous auction if it came in the original packaging. And I don't look down on collectors of early penny boards or coin albums because they're only interested in the thing coins go in and not coins themselves.
Looking through that lens, I wouldn't say of a hobo nickel, "that's a $.50 coin with $250 worth of carving." A hobo nickel is a thing all to itself; it transcends being just a hacked-up coin with a funny face. Likewise, an NGC first-generation black slab is a thing all to itself which transcends the value of the coin inside. Agree or not, slab collecting is a real part of the hobby, incorporating some of the most appealing aspects of collecting: history, rarity, active research, varieties, and a pool of knowledge accessible to all that makes it possible to assemble comprehensive sets or subsets. The dismissive attitude expressed toward it (not singling you out, speaking generally) is, IMNSHO, unwarranted.
Finally, I never said that you did not have a right to express your opinion, just that I was disappointed by it.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>I'm sorry but it is STUPID! And if you took a poll and everyone voted how the really feel it would reflect my thoughts exactly!
I may take you up on this challenge.
Edited to add: In fact, I will
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>Could someone tell me how many ngc black slabs were manufactured? >>
I don't believe anyone knows. I've never heard any figures from any source including Condor. He has stated the slabs were "Used for Sept and possibly part of OCt 1987." So they were not used for very long.
Drunner
<< <i>Could someone tell me how many ngc black slabs were manufactured? >>
It doesn't matter since most have been destroyed. The question should be how many now exists. Conder101 estimates about 200 still exists but no one knows for sure.
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>Lots of discussions on slabs and rarity have hinged on "how long were they in production". Always keep in mind the length of time is only one of two major factors in surviving numbers. The other factor is slabbing 'rate' per day. In the days of the NGC Black, the rate was hugely different than it is today.
Drunner >>
They were plentiful during the time. I can remember seeing a dealer at a major show (Arnie Payne I believe?) back then with an entire case full of nothing but high grade Morgans in NGC black slabs. He said that everyone else had PCGS coins and he wanted to be different.
<< <i>
<< <i>Lots of discussions on slabs and rarity have hinged on "how long were they in production". Always keep in mind the length of time is only one of two major factors in surviving numbers. The other factor is slabbing 'rate' per day. In the days of the NGC Black, the rate was hugely different than it is today.
Drunner >>
They were plentiful during the time. I can remember seeing a dealer at a major show (Arnie Payne I believe?) back then with an entire case full of nothing but high grade Morgans in NGC black slabs. He said that everyone else had PCGS coins and he wanted to be different. >>
l
The issue is not how many were made but how many survive. Topps printed a whole bunch of Mickey Mantle baseball cards in 1952, too.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>
<< <i>Lots of discussions on slabs and rarity have hinged on "how long were they in production". Always keep in mind the length of time is only one of two major factors in surviving numbers. The other factor is slabbing 'rate' per day. In the days of the NGC Black, the rate was hugely different than it is today.
Drunner >>
They were plentiful during the time. I can remember seeing a dealer at a major show (Arnie Payne I believe?) back then with an entire case full of nothing but high grade Morgans in NGC black slabs. He said that everyone else had PCGS coins and he wanted to be different. >>
Yes ... early on all the NGC slabs were black. They were not well received so they were cracked out and resubmitted, hence the rarity.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Since the price of these is just plain STUPID, why not go find some generic coins in NGC black slabs, pick them up for UNSTUPID money, and then resell them to the idiots paying BEYOND STUPID money? That sounds easy enough. Oh ... yeah ... just one problem ... that's a bid harder than it sounds because the slabs are ... now what's that word ... oh, yeah ... RARE. Maybe, just maybe, that's why some people pay a premium. Granted, it's not like it's a possible overdate dime, but heck we can't all be numismatic geniuses.
Is it so hard to let people enjoy collecting what they like?
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
If I had the extra money and the opportunity presented itself I would not hesitate to purchase one for myself.
I keep thinking I will stumble aacross one at some small shop here in town one of these days.