Al Kowsky Posted July 31, 2023 · Member Share Posted July 31, 2023 I know NVMIS FORVMS members will be excited to read this (just kidding 🤣), but yesterday the very first prototype of a PCGS slab sold at Great Collections for $46,125.00 😮! The slab was invented by a founding member, John Dannreuther, & housed a 1982-D quarter with no collector value 🙄, see photo & link below. https://www.greatcollections.com/Coin/1400020/The-First-PCGS-Encapsulated-Coin-1982-D-Washington-Quarter-OGH-Rattler-Witter-Coin-University-2023-Charity-Auction All proceeds of this lot were donated to Witter Coin University, an affiliate of PCGS that teaches young collectors about numismatics. One of the flaws visible with this slab & many other early slabs is they don't always sit in the center pocket correctly. If the center pocket is oversized the coin will move about loosely, & some collectors have affectionally labeled these coins "rattlers". Pictured below is typical rattler. Strange as it may seem, many collectors will pay a premium for these flawed holders, something I fail to understand 🤨. I've seen this flaw on NGC slabs too, but not as frequently as PCGS slabs. 7 2 Quote Link to comment Share on other sites More sharing options...
John Conduitt Posted July 31, 2023 · Supporter Share Posted July 31, 2023 The label looks very 'professional' 🤣 Do US collectors think there's something historically interesting about slabs? Or is it just the usual 'investor' speculation? 2 1 Quote Link to comment Share on other sites More sharing options...
akeady Posted July 31, 2023 · Supporter Share Posted July 31, 2023 Buy the slab, not the coin, as they say. Or something like that 😛 1 3 1 Quote Link to comment Share on other sites More sharing options...
Heliodromus Posted July 31, 2023 · Member Share Posted July 31, 2023 Happy to hear that other coin collectors are spending their money on useless bits of plastic rather than using it to bid against me! 😀 4 1 2 3 Quote Link to comment Share on other sites More sharing options...
Benefactor Ancient Coin Hunter Posted July 31, 2023 · Benefactor Benefactor Share Posted July 31, 2023 I bought the first styrofoam container for a BigMac from the 1970's. About the same in value (joke). 2 1 1 Quote Link to comment Share on other sites More sharing options...
Rand Posted July 31, 2023 · Supporter Share Posted July 31, 2023 If the trend of restricting private ownership of ancient objects, including coins continues one day we will have to bid for ‘Highly important collection of early NGC/PCGS labels, featuring provenances from A, B, C’ Quote Link to comment Share on other sites More sharing options...
John Conduitt Posted July 31, 2023 · Supporter Share Posted July 31, 2023 (edited) 14 minutes ago, Rand said: If the trend of restricting private ownership of ancient objects, including coins continues one day we will have to bid for ‘Highly important collection of early NGC/PCGS labels, featuring provenances from A, B, C’ The Eid Mar was in an NGC holder... I wonder if the Greeks cracked it out. Edited July 31, 2023 by John Conduitt 2 1 Quote Link to comment Share on other sites More sharing options...
ewomack Posted July 31, 2023 · Supporter Share Posted July 31, 2023 I simply can't comprehend that price for such an item. If the bidder(s) intended it just as an interesting way to donate to the program, I can get that. But I suspect not. Does anyone know if this has ever gone up for auction before? Sometimes I think that the hobby, or parts of it, have gone mad. 1 1 Quote Link to comment Share on other sites More sharing options...
Heliodromus Posted July 31, 2023 · Member Share Posted July 31, 2023 16 minutes ago, John Conduitt said: The Eid Mar was in an NGC holder... I wonder if the Greeks cracked it out. Did the slab have the fake Baron Munchausen provenance on it? Super historical! 2 1 2 Quote Link to comment Share on other sites More sharing options...
Rand Posted July 31, 2023 · Supporter Share Posted July 31, 2023 19 minutes ago, John Conduitt said: The Eid Mar was in an NGC holder... I wonder if the Greeks cracked it out. Unless the aureus was found in the slab, this valuable slab should have remained in the US. 3 1 6 Quote Link to comment Share on other sites More sharing options...
AETHER Posted July 31, 2023 · Member Share Posted July 31, 2023 Ridiculous 1 Quote Link to comment Share on other sites More sharing options...
Benefactor kirispupis Posted July 31, 2023 · Benefactor Benefactor Share Posted July 31, 2023 I wonder if the winner will send the lot to NGC for grading and slabbing. 1 1 1 Quote Link to comment Share on other sites More sharing options...
John Conduitt Posted July 31, 2023 · Supporter Share Posted July 31, 2023 29 minutes ago, kirispupis said: I wonder if the winner will send the lot to NGC for grading and slabbing. It is possible... 1 1 Quote Link to comment Share on other sites More sharing options...
Benefactor Theodosius Posted July 31, 2023 · Benefactor Benefactor Share Posted July 31, 2023 It is slabs, all the way down... 😝 1 2 2 1 Quote Link to comment Share on other sites More sharing options...
Benefactor robinjojo Posted July 31, 2023 · Benefactor Benefactor Share Posted July 31, 2023 Okay, this thread has inspired me to start my own slabbing service. Here is my prototype. Pretty catchy and the potential profits are infinite! The machining is a bit crude, but as the dough rolls in from gullible people with lots and lots of money, refinements will be made. I think this slabbing service serves two very good purposes: 1) relieving people of burdensome wealth, and 2) slabbing an item that, in a pinch, can be cracked out of the slab and used as an effective cavity preventing dentifrice. 1 1 1 3 1 Quote Link to comment Share on other sites More sharing options...
John Conduitt Posted July 31, 2023 · Supporter Share Posted July 31, 2023 13 minutes ago, robinjojo said: Okay, this thread has inspired me to start my own slabbing service. Here is my prototype. Pretty catchy and the potential profits are infinite! The machining is a bit crude, but as the dough rolls in from gullible people with lots and lots of money, refinements will be made. I think this slabbing service serves two very good purposes: 1) relieving people of burdensome wealth, and 2) slabbing an item that, in a pinch, can be cracked out of the slab and used as an effective cavity preventing dentifrice. I mean, that toothpaste is definitely in mint condition. 2 4 1 Quote Link to comment Share on other sites More sharing options...
Benefactor robinjojo Posted July 31, 2023 · Benefactor Benefactor Share Posted July 31, 2023 1 minute ago, John Conduitt said: I mean, that toothpaste is definitely in mint condition. Yes! But I am a bit concerned that my service will send the hobby down the tubes.... 1 1 1 Quote Link to comment Share on other sites More sharing options...
CPK Posted July 31, 2023 · Supporter Share Posted July 31, 2023 Whatever this is, it's certainly not coin collecting! 1 Quote Link to comment Share on other sites More sharing options...
Rand Posted July 31, 2023 · Supporter Share Posted July 31, 2023 (edited) Third party grading for higher value (e.g., $5K+) ancient coins is likely to become as essential as PMG grading is for banknotes. The current NGC slabs have a long way to go towards what a good 'ancients' slab should be for people who may prefer to keep their coins in slabs after purchase. Reducing the slab's size for the numerous denarii, aurei, and solidi is long overdue. The grading scales need to be refined as well. I hope PCGS moves to the ancient coin segment. Edited August 1, 2023 by Rand 1 Quote Link to comment Share on other sites More sharing options...
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