I've asked a few dealers if they ever see any black NGC slabs. In every case they didn't know what I was talking about. That's how rare they are now.
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
Just to take the "ew, it's a modern slab" question off the table, how many people would pay a premium for the original envelope a certain commem half was issued in? Or a coin box produced for one of Dr. French's large cents, ca. 1928?
I've owned both and enjoyed both. And in the cast of the commem envelopes, they often cost more than the coin inside them.
I don't collect slabs -- any slabs. I don't own one in my personal collection. That's just me. But as a numismatic literature nerd and as an aficionado of numismatic association items, I see the appeal to these -- they are a rare numismatic collectible that speaks to a certain moment in the history of our hobby and business.
I often judge the numismatic literature category of exhibits at the ANA Conventions. If an exhibit of rare slabs came in (i.e. black NGC slabs), this is where I'd lobby it be placed.
What puzzles me is that NGC black slabs are $2500 and rare 19th century numismatic auction catalogues can be had for a $20 bill. But both seem like perfectly understandable collectibles.
John Kraljevich, Director of Numismatic Americana, Stack's Bowers Galleries
"What puzzles me is that NGC black slabs are $2500 and rare 19th century numismatic auction catalogues can be had for a $20 bill. But both seem like perfectly understandable collectibles."
That is beyond Crazy money that is insane money >>
...says the guy who forgot to log out of his alt account before quoting himself.
Sean Reynolds
Incomplete planchets wanted, especially Lincoln Cents & type coins.
"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
Absolutely! I just wish more people were as numismatically enlightened as you are. Then the dang prices wouldn't keep climbing. I just hate bidding against other fools!
Numismatist Ordinaire See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
That is beyond Crazy money that is insane money >>
Sort of like what copper 1943 cents sell for or what 1969-S DDO cents sell for?
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
Perhaps I'm misremembering the other pics I've seen of NGC black slabs, or maybe Teletrade's photgraphy is pi$$ poor, but this doesn't even look like a decent example. The label looks like poo... all stained.
Need to come up with a grading system for the actual plastic.
NGC 1.0 VG+ slab, friction to the edges causing the appearance of fraying to the plastic, scratches consistent with the grade (may be removable with polish, but we prefer to leave it in it's natural state), slight discoloration to the edges of the label, with characteristic low-resolution pixelation on the G in NGC, due to a faulty print-head on the primary NGC label printer in use at the time, prior to the upgrade to the new Xerox system installed for the next generation slabs.
<< <i>Well they didn't pay $2500 for the coin, they paid $2500 for the holder. IMO it would be equally foolish to pay $2500 for that coin with an extra blob of metal or die chip or other mark that makes it a scarce/rare VAM that all but the most powerful loupes can't see just by looking. To each their own. >>
You mean like FB dimes v. relatively decent strike non-FB example?
<< <i>....I wonder is someone would buy one of these in shards after the coin was broken out? >>
A few years ago someone sold an empty NGC black slab for $200 on eBay---an MS 62 Saint had apparently been cracked out and the slab cracked neatly along the seam. About a year later someone sold an MS62 Saint on eBay in a black NGC slab with the coin obverse on the label side and with the gold logo side on the back of the slab which is the opposite of how NGC oriented the coins in their first generation of slabs. It was obvious whoever bought the empty NGC black slab on eBay put a Saint into it and glued the two shells back together. He apparently never saw a real NGC black first generation slabbed coin and had no clue how the coin should be oriented.
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
Comments
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
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Eric
I've owned both and enjoyed both. And in the cast of the commem envelopes, they often cost more than the coin inside them.
I don't collect slabs -- any slabs. I don't own one in my personal collection. That's just me. But as a numismatic literature nerd and as an aficionado of numismatic association items, I see the appeal to these -- they are a rare numismatic collectible that speaks to a certain moment in the history of our hobby and business.
I often judge the numismatic literature category of exhibits at the ANA Conventions. If an exhibit of rare slabs came in (i.e. black NGC slabs), this is where I'd lobby it be placed.
What puzzles me is that NGC black slabs are $2500 and rare 19th century numismatic auction catalogues can be had for a $20 bill. But both seem like perfectly understandable collectibles.
Numbers, education, lemmings etc.
Eric
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Here's my one & only...
<< <i>Oh snap Shane! I'm a little bit jealous. That's a great collection of whities.
Here's my one & only...
And a real nice looker to boot.
<< <i>Crazy money >>
That is beyond Crazy money that is insane money
<< <i>Someone needs to update their census! >>
Whoops ... you are right! Consider it done!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>
<< <i>Crazy money >>
That is beyond Crazy money that is insane money >>
...says the guy who forgot to log out of his alt account before quoting himself.
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>A fool and his money are soon parted >>
Absolutely! I just wish more people were as numismatically enlightened as you are. Then the dang prices wouldn't keep climbing. I just hate bidding against other fools!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>
<< <i>Crazy money >>
That is beyond Crazy money that is insane money >>
Sort of like what copper 1943 cents sell for or what 1969-S DDO cents sell for?
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
1/2 Cents
U.S. Revenue Stamps
<< <i>
<< <i>
<< <i>Crazy money >>
That is beyond Crazy money that is insane money >>
...says the guy who forgot to log out of his alt account before quoting himself.
Sean Reynolds >>
No alt just thought my prevous statement of crazy money did go far enough
NGC 1.0 VG+ slab, friction to the edges causing the appearance of fraying to the plastic, scratches consistent with the grade (may be removable with polish, but we prefer to leave it in it's natural state), slight discoloration to the edges of the label, with characteristic low-resolution pixelation on the G in NGC, due to a faulty print-head on the primary NGC label printer in use at the time, prior to the upgrade to the new Xerox system installed for the next generation slabs.
<< <i>NUTS!! When were these slabs in use? >>
About the first month NGC was in business.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Both are valuable pieces of plastic about the same size. Maybe the slab isn't such a bad deal?
roadrunner
<< <i>Well they didn't pay $2500 for the coin, they paid $2500 for the holder. IMO it would be equally foolish to pay $2500 for that coin with an extra blob of metal or die chip or other mark that makes it a scarce/rare VAM that all but the most powerful loupes can't see just by looking. To each their own. >>
You mean like FB dimes v. relatively decent strike non-FB example?
black
I have some black Capital Plastics holders hanging around somewhere....
<< <i>....I wonder is someone would buy one of these in shards after the coin was broken out? >>
A few years ago someone sold an empty NGC black slab for $200 on eBay---an MS 62 Saint had apparently been cracked out and the slab cracked neatly along the seam. About a year later someone sold an MS62 Saint on eBay in a black NGC slab with the coin obverse on the label side and with the gold logo side on the back of the slab which is the opposite of how NGC oriented the coins in their first generation of slabs. It was obvious whoever bought the empty NGC black slab on eBay put a Saint into it and glued the two shells back together. He apparently never saw a real NGC black first generation slabbed coin and had no clue how the coin should be oriented.
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>It was obvious whoever bought the empty NGC black slab on eBay put a Saint into it and glued the two shells back together. >>
I believe they call that "entrepreneurial spirit."
1/2 Cents
U.S. Revenue Stamps