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Buy The Holder, Not The Coin?

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CCFPress's Avatar
United States
1420 Posts
 Posted 03/31/2017  10:42 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
CoinWorld - An anonymous purchaser bid nearly $1,000 above the published value for a Mint State 69 1987 American Eagle silver bullion coin encased in an early version of the Professional Coin Grading Service's plastic holders.

Buy-The-Holder,-Not-The-Coin?

The collector was one of 11 unique bidders who placed a combined total of 52 bids in the GreatCollections online auction that closed March 26.

The winning bid was $1,050, and with the 10 percent buyer's fee added, the total price realized is $1,155.

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United States
1189 Posts
 Posted 03/31/2017  10:46 am  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Wow.. talk about someone with too much money to spend!
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T-BOP's Avatar
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18456 Posts
 Posted 03/31/2017  10:58 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
No wonder why counterfeiting slabs is getting so popular .
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keepcalmandcoinon's Avatar
United States
865 Posts
 Posted 03/31/2017  2:31 pm  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list Get a Link to this Reply
TPGs are killing this hobby. This is why people with no knowledge think their coins are worth so much money.
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Teach's Avatar
United States
1255 Posts
 Posted 03/31/2017  3:32 pm  Show Profile   Bookmark this reply Add Teach to your friends list Get a Link to this Reply
That's nuts
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ArrowsAndRays's Avatar
United States
1657 Posts
 Posted 03/31/2017  4:49 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list Get a Link to this Reply
Slabbing novelty bullion = tag protectors on a Beanie Baby.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/31/2017  4:58 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good grief.
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MikeF's Avatar
United States
3479 Posts
 Posted 03/31/2017  5:23 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I would happily put that wasted 1k to better use.
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 Posted 03/31/2017  9:29 pm  Show Profile   Bookmark this reply Add freddo30 to your friends list Get a Link to this Reply
That and any coin in an early black NGC holder. Equally bizarre the current fad for first strike etc.
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Coinfrog's Avatar
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94367 Posts
 Posted 03/31/2017  9:42 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Fools and their money are soon parted.
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jbuck's Avatar
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188640 Posts
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CelticKnot's Avatar
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 Posted 04/01/2017  12:36 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Slabbing novelty bullion = tag protectors on a Beanie Baby.

Point taken, but a tag protector was typically only used to prevent damage, not judge quality/condition. Nit picking, I know.
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bandsdean's Avatar
United States
2125 Posts
 Posted 04/02/2017  5:13 pm  Show Profile   Bookmark this reply Add bandsdean to your friends list Get a Link to this Reply
I think it's just a passing fad and coins such as these will return to more reasonable values.
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