What Is This NGC Grading Package

I have a Peace dollar in soft pack, my understanding is they
were done the same time at the mint as the gsa holders, very frustrating in that I think they should carry a premium but they don't appear to.

I could be wrong, but I've only seen the "Soft Pack" used by NGC. The PCGS website still says that the coins must be shipped in the GSA holder for grading. When PCGS receives the coins, PCGS will remove them from the acrylic GSA pack and placed in a PCGS holder with a GSA annotation.

Thanks guys

Seems to me to look like a cheap package. Wouldn't want to store my coins in that cellophane. Drop something on it and the coin could get damaged, etc. I take it they don't use that packaging anymore or could you send them a GSA coin and have them put it in this holder now?

Again, something new learned here.

edgman

OK, NGC puts the soft Pack around the hard GSA Slab. I have never seen PCGS do the same thing. IMHO you should leave the GSA slabbed coins in the GSA Slabs. They bring a higher priemium in the GSA slabs than in the PCGA slabs with the "GSA" annotation and don't cost you anything.

NO NO NO NO

GSA issued the Soft Pack. NGC just grades them and surrounds them with a less-flexible plastic holder.

When the GSA sold the CC and other dollars left in the Treasury vaults from 1964 they used four different types of holder. Three of them were large hard plastic holders and one was the the "cellophane" soft package. In the roughly 2.9 million coins about 100K were obviously worn mixed date and mint coins, about 500K were uncirculated non-CC mint dollars and the balance were CC mint coins. The CC coins were divided into two groups, the "uncirculated" coins which were white and untarnished, and the "not uncirculated" coins which actually were Unc but had excessive marks or nore often tarnish or toning.

The Uncirculated CC dollars were put into hard plastic holders labels Carson City Uncirculated Silver Dollar. These were sold for varying prices depending on the date.

The other CC dollars were put in hard plastic holders labeled Carson City Silver Dollar. (Note the word Uncirculated is missing) These were sold in the Mixed date CC dollars catagory for $15 each. This is the catagory the 1889, 91, and 93 CC dollars were sold in. (They only had one of each.)

The Non-CC unc dollars went into a hard plastic holder labeled United States Uncirculated Silver Dollar. I do not remember what these sold for.

The obviously circulated coins were put in the soft "cellophane" packages and put into a blue envelope. (see picture) For some reason a lot of the Unc 1878-CC dollars were also distributed in this holder. The single Seated dollar in the sale, an 1864, was also sold in this holder. These coins were sold for $3 each.


Around 2000 or 2001 NGC began slabbing the GSA hard plastic holders in the holder. before that time they were always cracked out and placed in regular NGC slabs. Around 2004 or 2005 it was decided to "slab" the GSA soft packs in the original government holder as well, but the soft flexible "cellophane" would not take to banding like the hard packs did. So to solver the problem NGC borrowed currency holders from their sister company PMG and encapsulated the entire softpack inside the currency holder. That is what you see in the OP. NGC also used these same holders for the State Quarter, President dollar first day covers, and 40% silver blue Ikes.