So much for "Buy the coin, not the holder." As noted in earlier E-Sylum articles, there is growing collector interest in coin packaging, such as early coin boards and rare or special slabs issued by third party graders. Here's an October 25, 2016 Coin World article by Steve Roach about the recent sale of a "Black Label" NGC holdered coin.
Collectors keep loving slabs. Third-party grading has brought enhanced transparency, liquidity and confidence to the rare coin market. Perhaps in recognition of this, collectors covet rare encapsulations from grading firms, especially Professional Coin Grading Service and Numismatic Guaranty Corp., and these unusual slabs have become collectibles in their own rights.
At a Sept. 18 auction by GreatCollections, the online auctioneer sold a 1946-D Walking Liberty half dollar graded Mint State 65 by NGC for $3,740. For reference, a normal Gem Uncirculated example of this date sells for around $100, nice MS-66 examples can be found easily for $150 and MS-67 examples routinely sell for around $1,000.
What made the brilliant half dollar special was that it was housed in an old “Black Label” NGC holder that was used by NGC only between September and November 1987. The coin’s orientation in the slab is different than what collectors expect today in that the identifying label is placed on the reverse side while the gold NGC logo is on the obverse side.
To visit Dave Lange's Coin Collecting Board site, see:
To read the complete article, see:
Fancy slab mania: How coin holders have become collectibles
To read earlier E-Sylum articles, see:
NEW BOOK: COIN COLLECTING ALBUMS, VOLUME ONE
NEW BOOK: COIN COLLECTING ALBUMS, VOLUME TWO
NEW BOOK: SAMPLE SLABS
NEW BOOK: SAMPLE SLABS, 2ND EDITION
Wayne Homren, Editor
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