Should I have purchased? If so, at what price?

The camp gate coin itself is worth around 35 dollars in that grade, but there is premium from the slabbing, and being from a famous hoard. I would pay 50 dollars for it

 

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Famous hoard? Someone post a lint to any reports or analyses of this hoard other than offers to sell slabbed coins from it. Hype was the word used above.

 

I agree. Not a famous hoard.

Another point that is important even for US collectors to grasp. A slab does NOT add value to a coin. It makes it more marketable at that grade, but does not change or improve the grade. Same with this coin. Yes, someone paid money to have it slabbed, but that is a sunk cost. Today, the coin is worth what its worth whether in a slab or not. NEVER "add value" to a coin because someone else paid money to have it slabbed, its not a cumulative thing.

 

From what I've seen slabbed coins appear more valuable because someone had to eat the cost of grading and that cost is passed along. This does not mean to me the coin is more valuable just more expensive.

I'm more comfortable discussing slabbed military trade tokens because I'm on more familiar ground...what I've seen are tokens put in a slab then a price usually 2 to 4 times higher is asked. I've also noticed they tend to go unsold. A $10 token is not worth $40 just because NGC thinks it's XF 45.

 

This could not be said better. Slabbed coins will sell for more but only to people willing to pay more. People like me will be happy to buy the coin for the value of the coin but will not pay one red cent for the plastic or opinion of the guy who slabbed it. If I want to pay for an opinion, I will be using the services of someone who does not do plastic. When a seller offers a $10 coin for $40 the chances of it going unsold is obviously higher than if he offered it for $20. I currently have about $300 worth of used coin cases with trays (off brand not the Abfil ones). I moved my coins into $100 worth of paper envelopes and boxes so I can now pick up my entire collection at one time. Does this mean I should expect 10 cents more per coin because I spent that money on those trays? I'll have to suffer that loss. Do you think I should be reimbursed for the cost of fancy plastic holders? You may; I don't.

I do admit that I would like to know how many of my coins would be declared fake by an expert. $40 x 3000 coins = $120,000. I am not that curious. Hey medoraman, how much would it cost to slab your hoard?

 

Lol, depends on what you are talking about. If you include Chinese ancients, then maybe I am around 8-10,000 coins. I wouldn't want to get my US or world coins involved. I am pretty sure there are not a lot left of us with US collections totally unslabbed. Even if I were a slab kind of a guy, many of my coins would not increase one iota by slabbing anyway.

Honestly, a piece of paper to a CNG auction, or a respected dealer is as good or better than a slab IMHO. I simply love the owl I just got with a Bowers and Ruddy tag. The coin has history, the tag has interesting history, its a two-fer.

I think many ancient collectors are like me, a NGC slab is like a David Vagi tag. Crack the slab, keep the tag in the flip. Only problem being NGC made Mr Vagi use US grading standards. To be fair, Mr Vagi was a respected dealer before he started making plastic tombs.