Just curious as to thoughts pro or con on collecting older vintage slabs ect. I have located a shop with a majority of small first gen ANACS slabs, PCGS rattlers and NGC fatty holders. I KNOW the whole "buy the coin, not the slab idea, but they all seem to command premiums and seem to be desired. Here are the first two I picked up.
I really like that 1881-S How does the reverse look? Is he asking a premium on the holders or just selling at grade?
These old slabs and sleeves are getting harder and harder to find. You can't compare them to such things as First Strike, Early Releases or FDOI because the holders made no representation about the coin other than condition. The company that issued them no longer exists other than in name only. I would be apt to pay a small premium for these. As for the Rattlers and No-Line Fatties, I don't know. For me, the condition and eye appeal would be the prime factors. Chris
You found a nice little honey hole, I'd buy up a bunch! Love the toning on that ANACS Morgan....but in general the rattlers probably bring more $$$. Great find!
Thank you! I couldn't resist the toning on this one. Your thinking I should grab the rattlers first, and then the small ANACS? I'd love to get everything he has all at once, but that's not nearly in the budget
You did find a very nice little hot spot. I hope for your sake, he's not very busy. I probably wouldn't be able to resist visiting him every day and twice on pay day. LOL
As far as I'm concerned, that type of holder would just make it a whole lot easier for me to break the coin out and throw it (the empty holder) away.
I would watch out for low end coins, as some of the ones left in the old holders may still be there because they aren't worth cracking out. However, the two you posted definitely don't fall into that category, especially the 81S!
True, low end or they may even have been over-graded back then. The point is, coins still in old slabs have been picked over and looked at so many times over the years that one or the other is usually the case. So it's not like it was 15-20 years ago. Typically any premium associated with these coins in old holders is nothing more than nostalgia, people collecting the old style slabs and holders simply because there aren't that many around anymore. It's not because the coins are gems waiting to be upgraded.
I was leery of this at first, but I don't believe I'll have this issue. The gentleman is 75+ years old and opened a shop, using inventory from his personal collection only a month ago.
@Broncoholic , if it were me, I'd go back and pick over all the inventory and grab any and all you find attractive.
Buy the 81-S at bid. For me, that looks like a no-brainer. As for old holders in general, I hate rattlers, but if the coin is nice, I'd buy one. If an old holder is beat up, then it's probably been tossed around bourse floors from dealer to dealer over the past 20 years, any number of which had the opportunity to buy it, crack it out and try for a better grade, so chances are if you can actually see the coin through the scuffs, it's not premium quality.
Can I ask you, your thought process to crack them all out? Is that so that you can make your own call as to grade and label it as such, in your own album or 2x2? I would think having a "64" slabbed vs. someone's opinion of the same coin, the slabbed coin is more valuable?
I like the older holders if they are from small local shows or local coin stores. These are often "fresh". The ones I see at large shows or online auctions seem to be the leftovers.
I just bought this Merc on eBay because it looked better than any 65's and some 66's in newer holders. I typically find better grades (by today's new lower standards) in older holders. Before I received it, I was concerned about the dark rim at 12:00 on the reverse, but in hand it is beautiful toning that has not gone too far. Also, the pics are a bit washed out, but sharpest bands I've ever seen and any marks you see (like on the cheek & in the field by her nose/forehead) are on the slab.
My current aim is to complete a type set. My philosophy is to collect coins that appeal to me and, as a result, I have some that are MS, some that are worn but have great eye appeal, some that are cleaned, some that are damaged in some small way and, for the rarer items at least show most of the details of the type. I am interested in the coin, not a slab and, in the end, not the value. To me, slabbed coins are ego devices and I'm not trying to impress anybody but myself. I couldn't care less if a certain coin is MS, EF, VF or???. As long as it looks nice it stays. My set has trays with 20 openings for the 50mm x 50mm Quadrum Intercept holders that I have my coins in. These allow me to pick up each, or several, coins to admire and enjoy a lot easier than slabs.