1920 pilgrim 50c (Rare NGC slab???

I recall reading that this one of the rare NGC slabs .It's a snow white label. I've never seen one before and the # appears low....Just got it at the Flea this morning and didn't have time to look it up b4 work. Did I do good???
Tnx 4 the replies The biggie question is: what kind of premium does it warrant? Does anyone else own/owned this style holder?

 

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Man, them markets wake up early in your neck of the woods........I don't think it would bump much higher than what it's already at.

Edit to add: I do like the holder and the look of the piece.

 

Tnx, I spied it last weekend and was surprised that the guy still had it this morning. The toning isn't knock your socks off BUT, its neat with the early slab

 

Nice coin and early slab
http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=2248404&page=1#Post2248404

 

Better photo

 

@Burton Strauss III
@Conder101
Thoughts???

 

Cleaned ...

 

Well thanks, 4 the interesting opinion. Don't you mean cleaned/retoned?
Or were u thinking some sort of chemical reaction? Be more specific, we could all learn something from your comment

 

Cleaned/Re-toned .

Look at the Blackening around the Pilgrim, this is caused from a cleaning and then Re-Toning . Also, look at the details of the Pilgrim, coat sleeve Etc., same Blackening and then Re-Toning .

The Blackening is caused from garage, that the cleaning didn't remove .

 

Conder's NGC1 (black insert, gold foil) was used for two months, Sep/Oct 1987. The plain white label/white insert - NGC2 and NGC2.1 - followed it but was used for even a shorter period.

The rarer version (NGC2.1 which came first) has the foil stamping INSIDE the case. You can tell by whether it casts a shadow or not. The OPs coin COULD be NGC2.1 - if you can see the shadow it's proof of NGC2, but not seeing it could just be angle of lighting.

Then came NGC3 - the white label with the border, and foil stamping outside the case which was used until late 1988 when they started using holograms.

(all of these plus NGC4 - hologram and NGC5 - bar code are the undivided insert a/k/a no-line fattys)

See http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=2248404&page=1#Post2248404

or the older thread

https://forums.collectors.com/messageview.aspx?catid=26&threadid=220185


Note: it's now widely believed that the brown/grey/green label border is actually the same kind of unstable color ink that causes PCGS green labels to be known with shades of yellow, blue and green.

I haven't seen the NGC smoking gun, however... which would be two slabs from the same (probably dealer) submission where one is now differently colored due to differences in storage. I call it a dealer submission as those would most likely be sold on to different people and then stored differently.

For example, I have a 40s Merc dime, 504802-0xx (all MS65 or better FBs) in mint green. I need a brown/grey example from that invoice. If anybody has the SG and is willing to share, please PM me.

There are, several almost smoking guns in the NGC-005-4-1 (Schwager#) sample slab, where we have mostly brown but several known greens and greys. It's not quite a full smoking gun (FSG) since we also have proof that the invoice # was reused AT LEAST six times for just the Liberty Nickel samples.

 

I really do have to agree. The blackening, the lack of any luster, etc. If I saw that coin raw I would be 99% certain of it. I wonder if this coin looked a lot different when NGC slabbed it, and looks like this now.

Not to be rude OP, but if you are really into toned coins you should learn more about how real toning forms, and how to spot iffy coins. A lot of toning used to be on coins specifically to hide other problems. Any coin can be toned, but luster cannot be replaced.

 

MS62 retail value (http://www.numismedia.com/cgi-bin/c...&nmcode=18518500&guide=prices&guide2=pricesms) is about $91. NGC price guide is $105. However, recent eBay sale prices for MS62/63 are just over $70 in modern NGC holders...

I'm not aware of a major premium for an NGC2.1 - although I would like to own one someday.

 

@Burton Strauss III

I'm not 100% but I think this is ngc2

 

Buy the slab, not the coin!

Chris

 

Actually, he's a very nice guy who haunts flea markets and then comes hear to learn about the odd-ball stuff he finds and hopefully turn a profit...

He may be "my friend the luddite" as I've accused him several times (which isn't really fair, he uses a computer and owns a camera - heck he probably has a cell phone more modern than my mother's flip phone), but he has a real nose for odd-ball.

 

MFTL: Just shine the light from an angle if the foil casts a separate shadow it's 2 if it doesn't, it's 2.1 (or - just thought of this - you can tell in hand by whether you can feel the raised foil print)

 

If this coin was cleaned, and re-toned, how'd it make it into an TPG'er holder? From what I know, the grading services were much tougher on coins back then.......

 

Fair point Ken. I would say they have gone through tougher and more lenient times ON GRADING, but have had different ideas on what is "acceptable cleaning" over time.

 

In my best John Wayne voice.....
Well Pilgrim if ya didn't spend anymore than $ 40 you scored again........

 

Here is a Lincoln MS 65 CAC in a similar holder that sold for about 2 times the going rate of similar graded coins.

http://www.greatcollections.com/Coi...inois-Centennial-Half-Dollar-NGC-MS-65-CAC-OH

The Lincoln tends to be more popular, so for your coin I'd say a 1.5x premium over a normal MS 62 (or even 63) would be about right.