The newest addition to the Newman Numismatic Portal is the latest issue of David Schwager's Sample Slab Newsletter. Project Coordinator Len Augsburger provided the following report.
-Editor
Buy the Plastic, Not the Coin
The advent of third party grading in the 1980s has revolutionized the field of U.S. coin collecting, and the slabs themselves have become collectible. What is collecting if not preserving significant artifacts of the past? In this sense, these plastic holders have legitimately captured collectors' attention (and wallets), with recent eye-popping results. The latest issue of David Schwager's Sample Slab Newsletter comments on the earliest PCGS holders.
"In 2025…two PCGS type 1.0 holders from the first few days of PCGS shattered records. The first PCGS serial was about 1080001. Great Collections sold serial 1080094 (about the 94th coin certified by PCGS) holding an MS63 1904 double eagle on May 25, 2025 for a never-before-seen $45,374. An August 10 sale the same year, for serial 1080017 (about the 17th coin certified by PCGS) holding an MS63 1881-S Morgan yielded a staggering $119,062….As set registries have proven, collectors will pay many multiples of the price of typical material to get the very best. About 1,000 coins were put in type 1.0 holders and a census shows about 50 known to exist today. No PCGS 1.0 will sell for less than $10,000 again."
One can quibble with the valuations, but the market impact of these plastic containers is undeniable.
These early PCGS holders represent only a part of the slab collecting field, which includes hundreds of types from both current and long-forgotten certification services, in addition to special issues created to commemorate a wide variety of personalities, collections, and events. Collectors are served by Schwager's Sample Slab Newsletter in addition to a reference volume authored by Schwager and Burton Strauss.
Image: 1881-S Morgan, PCGS MS63, serial #1080017, sold by Great Collections August 10, 2025, realized $119,062.
Link to the Sample Slab Newsletter on NNP:
https://nnp.wustl.edu/library/publisherdetail/514437
Link to order David Schwager and Burton Strauss's reference work on sample slabs:
https://sampleslabs.info/ordering2025.html
THE BOOK BAZARRE
RENAISSANCE OF AMERICAN COINAGE: Wizard Coin Supply is the official distributor for Roger Burdette's three volume
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Wayne Homren, Editor
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