Doily Holder : Over Rated or Real Deal ?

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I found this penny on eBay, of course, in what is referred to as a doily holder.
What does anyone know about these holders and are they really worth the Brou-ha-ha being made over them.

All comments are encouraged and appreciated.

 

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I looked that penny over and didn't see what a " doily " holder was , unless it's describing the circular pattern of lacy circles that could be said to look like a doily.
I understand that holder type was only used about 2 years and that is what makes it so in demand.I agree : Over Rated. I'm a firm believer that with enough Hype , anything can become valuable.

Thanks for your very interesting story.

 

Thanks for the help and the correction. Obviously you are correct. Here's where I got that from. I googled " What is a doily coin holder? " and got this :
Doily PCGS Holders - GreatCollections

https://www.greatcollections.com/kb/Doily-PCGS-Holders-t186-4.html
It said :
The Doily holder is one of the most coveted holder/label types of certified coins. It was produced by PCGS for a short time from August 1989 through January 1990.


Obviously PCGS's own website is more correct. It says only 2 months.
Yeah, I was remembering the two different years mentioned, rather than the total months, but even that was wrong.

Yes, that Regency is different.

Thanks again.

 

The doily holder is fairly scarce and collected enthusiasticly by some. The eBay price on this example is too high in my opinion. I would say a closer number is $100-$150 (I sold a proof 1961 Franklin with around the same guide value in a doily for around $100 last year). A common date MS 63/64 Morgan in a doily would go for a bit more ($150-$250).

 

What a strange hobby this has become! Collecting coins by the rarity of their holder?!

 

I’ll admit it’s a bit strange.
However, some people like me who collect holders are doing it to have an example of the history of grading. Just like there is a story for every coin, there is something each holder can tell about the developments and progression (not always forward) of third party grading.

One of my favorites, Compugrade, represents a time when people thought coins could be identified and graded by computers. It didn’t work, but it’s still a cool reminder of an earlier era.

And I do collect coins as my main objective, but the holders represent a nice subset of my overall collection.

 

I see that PCGS is having a limited time offer to put your coins in one of four different "retro" holders. If they don't have many people request those, well, maybe there will be a premium for these holders.

 

Do you happen to remember why Compugrade didn't work?

 

Because most submitters want their coins priced, not graded. This is why current TPGs market grade coins.

 

I've been collecting since before slabbing, so I don't get it. But then I collect 19th century electrotypes, cast, and struck counterfeits and Hard Times Tokens, so who am I to criticize?

 

The technology wasn’t there to achieve computer grading in the early 1990s. Plus there will always be a level of subjectivity in grading that a computer can’t handle (or at least couldn’t back in those days).

Some more info here:
https://www.cointalk.com/threads/compugrade-sample-and-production-slabs.304049/

 

Yes, that's exactly why it is so-named.

This slab is genuinely rare. Many of them have been cracked out. It really doesn't matter what coin is in the holder - the value of a doily is based on the slab itself, not the coin. There are people who collect slabs, believe it or not - to them, the Doily ranks right up there with a 1916D dime or 1909S VDB.

The Doily and the Regency slabs are the kings of the PCGS series, for NGC it is the black core. Each of these will garner a significant premium.

 

Yes, that's why I named it that, because the patterns reminded me of a doily.

And of those the Black NGC is the King. They have a census for those as well and after 8 years of searching it is now up to 35 known examples. Premium value for a black NGC has been holding fairly solid at around $3.5 - $4K premium over the value of the coin in the holder. I created a monster on that one.

 

They were used for less than 2 months. Less than 1,000 known now, but some have damaged rings. They are rare.

 

Here is the one that I own. Sorry for the lighting. I bought it with a small collection. I really did not know what it was and didn't want the coin but I have held on to it. I'm happy I kept it.