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 Replies: 18 / Views: 12,425 |
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Valued Member
United States
450 Posts |
OK fellow collectors here is my question. I understand that the grading standards for the rattlers holders was stricter than now days.
Therefore the older PCGS Rattler holders are usually undergraded and command a premium over the newer holders.
How much of a premium , expressed as a percentage do you see or pay for the old Rattler Holder coins ? 5% 10% more ?
Any and all opinions would be appreciated.
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Valued Member
United States
397 Posts |
Funny - I've always considered newer holders to be overgraded and the older holders to be more accurate. But that's just me.
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Pillar of the Community
United States
1534 Posts |
Quote:
Funny - I've always considered newer holders to be overgraded and the older holders to be more accurate. But that's just me.
I don't pay a premium for the holder, only for the coin if I feel it has nice eye appeal or is solid for the grade, or undergraded. There is usually a premium when they are sold, although that varies depending on the coin. Edited by wheatguy
08/28/2010 3:36 pm
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Valued Member
United States
397 Posts |
No - he said the older ones were undergraded, which is completely different from newer ones being overgraded.
For example:
old grade is MS65 = equivalent to new grade MS68
new grade is MS65 = equivalent to old grade MS60 (these are just rough approximations).
To my eye, many of the coins coming back today graded MS67 or better are really no better than MS65 (at best). I'm of the opinion that all TPGs have started inflating their grades. There are several reasons for this, but it mainly comes down to money. With the nearly flawless coins coming out of the mint these days, and large online firms sending in thousands of coins at a time to be slabbed and graded, it wouldn't surprise me to find out they are simply saying x% are going to be MS66, y% will be MS67, z% will be MS68, and so on.
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Moderator
 United States
23522 Posts |
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I'm of the opinion that all TPGs have started inflating their grades. That's already over, and the pendulum has swung the other direction over the last two years. It's tough to get the grade you're expecting these days - heck, it's tough to get a grade at all. Rattler slabs have the reputation of being more strictly graded. Such cannot be considered the "generalized" reality, especially considering how many rattlers have already been cracked to take advantage of the supposed difference. The ones which remain tend to be obviously unworthy of a crackout. I will not pay a premium for a rattler. |
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Pillar of the Community
United States
1534 Posts |
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That's already over, and the pendulum has swung the other direction over the last two years. It's tough to get the grade you're expecting these days - heck, it's tough to get a grade at all.
Rattler slabs have the reputation of being more strictly graded. Such cannot be considered the "generalized" reality, especially considering how many rattlers have already been cracked to take advantage of the supposed difference. The ones which remain tend to be obviously unworthy of a crackout.
I will not pay a premium for a rattler.  However, there's often been times when I've seen nice coins I really like, but the premium for the rattler is often reflected in prices realized on ebay or other sites, and I'm willing to pay that premium because I like and want the coin. It's not because of the rattler, it's because of the quality of the coin. |
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Valued Member
 United States
450 Posts |
I guess I should clarify my question. Wheather or not Rattler graded coins should or should not have a premium is not my issue. The fact is , in the market place they do command a premium and I just want to know based on your experience what the % might be.
Good discussion and insights. Thanks
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Pillar of the Community
United States
1534 Posts |
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The fact is , in the market place they do command a premium and I just want to know based on your experience what the % might be. Yes, there are many that will pay a slight premium for these. Once again, it depends on the coin. If you have a MS-65 that triples in price at MS-66, and an MS-65 rattler Morgan is for sale that looks to be a solid 66, the premium can be huge. On the other hand, if you have a doggy accurately graded 63 in a rattler, then there won't be much of a premium over the same coin in a newer holder. Hope that helps a little. |
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Valued Member
United States
450 Posts |
Thanks wheatguy, I always try and simplify things, but some things cant be !
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Valued Member
United States
313 Posts |
IMO-Buy the coin not the holder,that's just me.
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Bedrock of the Community
United States
10982 Posts |
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I just want to know based on your experience what the % might be.
I varies from series to series and grade level to grade level.  I know that doesn't help much though.  Picking a number is tough but from what I've experienced: a 10%-15% premium sounds about right for Rattlers and Old Green Holders (OGH). P.S. Their are many PCGS groupies who collect slabs, not coins. |
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Valued Member
United States
450 Posts |
Yes, I have always believed you should buy the coin and not the holder.
However even though I am a collector first, I always try to be aware of the investment potential as well. We also know that in most cases all Grading Companies are not equal
when it comes to selling our coins, and then there are differences even within Grading companies like the rattler variation.
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Pillar of the Community
United States
1534 Posts |
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IMO-Buy the coin not the holder,that's just me.
Yes, but there are people who literally collect slabs. There is a dealer on the CU forums who was offering to buy empty black NGC slabs for $1000 + and PCGS Regency holders for $500+ if I remember correctly. Also, there is an interesting prospect of owning different and unusual slabs and so it is not a lack of common sense when people pay premiums for certain slabs. Edited by wheatguy
08/28/2010 6:14 pm
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Bedrock of the Community
United States
17884 Posts |
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OK fellow collectors here is my question. I understand that the grading standards for the rattlers holders was stricter than now days.
Therefore the older PCGS Rattler holders are usually undergraded and command a premium over the newer holders. This was true maybe fifteen to twenty YEARS ago. And those rattler slabs have now been picked over for upgrades for 15 to 20 years. Most every coin still in a rattler holder has been examined for upgrade potential dozens if not hundreds of times. So today most everything in a rattler is accurately or overgraded by todays standards. The only reason they bring a premium at all is because they can be sold to newbies who have heard the myth that coins in rattlers are undergraded. and are looking to make a killing. If you are buying the COIN, look at the COIN. Forget the holder, grade it for yourself and buy based on what YOU think the grade is not the number on the label. After all when you got to sell it that is what the dealer is going to do and if he doesn't agree with the grade he will either offer a lower price because the slab grade is wrong in his opinion, or he will pass on the coin. He's NOT going to pay 65 money for a 63 coin in a 65 slab just because the label says 65. (Trying to sell it for 65 money once he has it to someone who believes in slab labels is another matter. That DOES get done.) |
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Valued Member
United States
450 Posts |
Thanks Conder101,
I appreciate the words of advise !
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New Member
United States
1 Posts |
I have an 1893 S in a rattler case. Graded XF40. I am going to resubmit it. What is the best case scenarion on a regrade. What are the chances it comes back AU50. I will upload pics if needed.
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Replies: 18 / Views: 12,425 |
Posted 08/28/2010 3:33 pm
