If you have a coin that has a FMV of say $100, but it is in an OGH or Doily slab, how much premium would be added if any? I have the opportunity to purchase a few various coins in old style holders but they are not necessarily the type of coins I collect. I thought about buying them simply to flip and make a few bucks, but I'm not sure if there is enough profit to be made. Is there a site that gives details on the older style slabs like premiums, year(s) used, etc? Thank you for your help.
The doilies are collectible as such. You just have to find a collector who is interested in them. It used to be thought that the OGH slabs were conservatively graded, and many were resubmitted or cracked out to get the bump in grade. Those that still remain in the marketplace are pretty much graded accurately. Anyone considering buying these would have to view the coin "in hand" to determine if it could be worthy of a bump in grade. Otherwise, there is no premium added for the OGH unless you find a bidiot. Chris
I would put it this way if your $100.00 coins were worth $500.00 in the next grade up don't you think someone would of made that profit by now?
Assuming that the person was aware of that, then yes. Considering that these particular coins are coming from a collection that, as quoted by the older woman selling them "having seen daylight in some odd years", there could be one or two that might grade higher. I just wish that I was better at grading coins myself. I may pull the trigger on one or two and take my chances.
........and how much do you want to bet that the "older woman" pulls his pants on just like you and me right after he gets out of detention. Chris
I don't guess I understand this comment at all? I've met her, she seems nice but not overly knowledgeable of coins. I plan on looking through a couple and may pull the trigger, but I may not. As I said, I'm not great at judging grades. I'll be sure to have my Photograde app open on my iphone though!
I misunderstood. The "little old lady" ploy is often used on eBay to con people into thinking they are okay. Please accept my apology. Chris
Oh, I get it now. lol. No big deal. I didn't even think about mentioning that this wasn't an online transaction, which I should have said.
While I don't entirely disagree with some of the statements made about the " Added Value " factor for coins encapsulated in these first generation holders, as in most things there are exceptions to that position. Consider those issues with a very low total population of Mint State Survivors in a given grade, with only one piece graded higher. I'm fairly certain you will find willing buyers who would prefer to purchase an OGH, for a premium ( Especially if it also had a CAC approval ) , over one in a more common or recent holder. AS a Buyer if possible, always reserve the right to view the coin in hand. Some of these OGH pieces were actually over-graded, but most of those have been corrected by now. Even in today's major auctions, you will see significant premiums paid for these First Generation Coin Holders. Some Demand that premium and others may be highly questionable.
While I agree that OGH coins in the market have been picked through, those that are truly coming to light now may be worth a second look. The other advantage to older holders...OGH, rattlers, no-line NGC fatties, etc., is that they probably haven't been messed with. Certainly not in recent years. So they may be more stable. My advice is to not pay a premium for a coin in an old holder, merely because of the holder. Look at the coin. Tune your grading skills. This is what will get you the bang you are looking for. Lance.
