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 Replies: 17 / Views: 2,226 |
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Pillar of the Community
Canada
1267 Posts |
A 1936 Norfolk in ms65 is normally valued at around $450. I had placed a bid of over $1400 on this one, and was blown out of the water with a final sale price of over $1700. Even at that, I think the buyer got a bargain. Know why?   Image:  norfolk.jpg47.65 KB Image: norfolkrev.jpg58.78 KB |
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Pillar of the Community
United States
2254 Posts |
16K mintage? Reverse is on the front of the slab before they took requests to have it oriented that way? Um, in short, no clue.  |
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Bedrock of the Community
United States
14454 Posts |
hmm at first I wanted to say the die is rotated 90 degrees but with the way its pictures I am not so sure
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Pillar of the Community
United States
986 Posts |
The NGC black slabs are going for lots of money, regardless of the coin encapsulated inside it.
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Moderator
 United States
6563 Posts |
Why would the color of a slab of an already respectable company increase it's value? |
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Bedrock of the Community
United States
14454 Posts |
I don't think it would grade much more than a 65 no matter what color the slab was so potential upgrade probably isn't the reason he is trying to get us to see
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Pillar of the Community
 Canada
1267 Posts |
quote:
The NGC black slabs are going for lots of money, regardless of the coin encapsulated inside it.
Bingo! Conder101 could give a better history on them, but the black ngc slabs were the very first ones used and extremely rare. So rare, the slab itself commands a premium of at least a thousand bucks, if you can find one. The slab collectors are predicting huge bucks for these in the future, and to find one that has a decent coin in it is a real coupe. My first, and unless I find another, last time I try and buy the slab, not the coin.  Edited by hadleydog
05/28/2007 12:09 am
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Bedrock of the Community
United States
14454 Posts |
well I stand corrected on this one, the black slab would have been my last guess
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Pillar of the Community
Canada
1267 Posts |
quote:
well I stand corrected on this one, the black slab would have been my last guess
Without learning about their significance over the last year or so, I wouldn't have known much about them either. Part of the reason for this post was to bring about an awareness of them to the community, and the inherent value that they carry. Regardless of the ebbs and flows of the overall coin market, these black ngc slabs will do nothing but continue to rise in value. An excellent investment oppurtunity, and I rarely say that with respect to collecting. |
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Moderator
United States
6563 Posts |
Has NGC listed how many of these Black Slabs they used when they first started?
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Pillar of the Community
Canada
1267 Posts |
graceoutcast, I don't know the population, but I do know that ngc only used it for Sept and possibly part of Oct, 1987. One month.
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Moderator
 United States
23522 Posts |
Not to mention crackouts in the time since, when they weren't as desirable. I cannot imagine as many as a thousand remaining.
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Pillar of the Community
United States
1203 Posts |
hadleydog said,"Regardless of the ebbs and flows of the overall coin market, these black ngc slabs will do nothing but continue to rise in value."
This is only possible because of what Barnum said! Which was, 'there is a sucker born every minute'. And this sure seems to prove him right.
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Pillar of the Community
United States
2254 Posts |
quote:
This is only possible because of what Barnum said! Which was, 'there is a sucker born every minute'. And this sure seems to prove him right.
I agree to disagree on this one. I think that's an exhorbitant amount of money to pay for a coin due to its holder. But, if there are things out there that have more people interested than what's available, there will always be a premium. No different than any key date coin, or anything that anyone collects, coins or Beanis Babies. If there are people looking for them, the price will continue to rise. Just ask yourself this question, why is anyone going to pay $2000 for a face value Lincoln Cent? The holder is no different at all. JMHO. |
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Pillar of the Community
United States
5362 Posts |
Very interesting! A premium of $1250 for the slab alone. That seems a bit steep and I wonder how much more it could rise. It makes me fear an outbreak of counterfeit slabs. The holder and insert seem rather crude compared to recent emissions so forgers would likely target this product. It is worth the effort for the Chinese and even some of the US based forgers. I don't see much in the way of detail that could be used to ID the real thing.
I agree that market drives the price, but I hesitate to call it a "numismatic" value. It is clearly a collectables issue. I will have to watch for these. But I would be very suspicious of a "bargain" version found anywhere.
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Pillar of the Community
Canada
1267 Posts |
Swamperbob, you asked how high they could go? Earlier this year a 1936-D 50C Cincinnati MS65 in the same black ngc holder sold for $4,312.50!!!! That was also about a $500 coin, with a premium of over $3500. I will say that in both cases, the coins would most likely grade ms66 today. Counterfeiting would not be simple, and the serial numbers are traceable. Hey OldDan, my wife says that (there's a sucker born every minute) every time I buy a coin!  Interestingly and typical for an NGC first generation holder, the coin is inserted relative to the logo rather than the grade. I think it would be cool to own one of these, something from the very start of an era in our collecting times and not something your going to come across very often.  Edited by hadleydog
05/30/2007 06:50 am
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Replies: 17 / Views: 2,226 |
Posted 05/27/2007 10:01 pm
