Many of the early graded NGC coins are highly sought after by dealers and collectors. During the recent Baltimore show, one of the dealers had on display an example of the infamous “Black NGC” holders.
The holders date from the very beginnings of NGC in November of 1987. I have been told that NGC only produced a few hundred coins with the black inserts.
Early Graded NGC Black Holder Coins
Apparently, bright silver coins and gold looked great in the holders, but darkly toned coins practically disappeared.
Today, these original NGC black holder coins are extremely collectible in their own right. One dealer who specializes in these holders estimates that fewer than 25 still exist.
Today, these original NGC black holder coins are extremely collectible in their own right. One dealer who specializes in these holders estimates that fewer than 25 still exist.
The coins sell for many times the value of coins with the same grade in modern style NGC holders.
The 1837 Seated Dime in an NGC MS65 “Black NGC” holder (pictured below) was being priced at several times the $5,000-$7,000 an average coin would sell for.
The 1837 Seated Dime in an NGC MS65 “Black NGC” holder (pictured below) was being priced at several times the $5,000-$7,000 an average coin would sell for.
Why do collectors place high values on old holder coins? The answer is actually more complicated than some would think.
There is an avid collector market for examples of certified coins in all old generation holders. Quite a few collectors attempt to purchase an example of every generation of every certified coin ever produced.
There is an avid collector market for examples of certified coins in all old generation holders. Quite a few collectors attempt to purchase an example of every generation of every certified coin ever produced.
There is even a guide book for the subject that explores NGC and about every other company that has attempted to certify coins in the last 25 years.
Obviously, for collectors of these old holders, a “Black NGC” holder with just 25 or so known is quite the collectible. They would probably much prefer a common date issue to avoid serious sticker shock.
Interestingly, NGC next produced a similar holder, but with a white insert. They used a plain “white” label, and this was deemed unacceptable as well. These “white” label coins are also highly collectible.
Obviously, for collectors of these old holders, a “Black NGC” holder with just 25 or so known is quite the collectible. They would probably much prefer a common date issue to avoid serious sticker shock.
Interestingly, NGC next produced a similar holder, but with a white insert. They used a plain “white” label, and this was deemed unacceptable as well. These “white” label coins are also highly collectible.
No comments:
Post a Comment