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The new NGCX slabbed coins showing up
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<p>[QUOTE="Vess1, post: 24554046, member: 13650"]This numbering system was dreamed up by a company and NGC agreed to do this little experiment shall we say, on the side. The company acquires the coins, pays NGC to grade and sort the coins into 3 different tiers and packs the boxes with 3 coins to a box. </p><p><br /></p><p> Vault Box series 1 was limited to 800 boxes or 2400 coins in slabs like this. Mostly ASEs with some nicer ones sprinkled in with red cores instead of black. </p><p><br /></p><p> Vault Box series 2 saw the number of boxes doubled to 1600 or so available and the price raised to $729 a box. It just released last week and sold out in less than 30 minutes. </p><p><br /></p><p> So the average guy like any of us here, can’t submit coins and have them graded with this new grading system. It’s just for the vault box series and they’re not necessarily doing this for experienced collectors like you find here. </p><p><br /></p><p> The company’s idea is to add random excitement to the coin hobby like people are already experiencing in the sports card hobby. I’ve been watching people rip open $500 packs of Pokémon cards, Star Wars cards etc hoping to get a major hit. They sell extremely fancy sports cards now in silver brief cases already in plastic cases inside. These briefcases sell for 4 to 5 figures and many people lose money on them. But people are searching for the big name one of one autographed patch card worth $25k or whatever. </p><p> Vaultbox is doing it with coins now. </p><p> It’s like a wax pack of sports cards just with slabbed coins. 3 in a box. One will be the lowest tier. The second will be a second tier and the third coin will be the most valuable and could be anything. They sprinkled in some super sets in series 2. One box has a 1995-W ASE, a 2020 AGE V75 and a $100 platinum proof. Imagine opening that box! 1 in 1600 chance. Limit 2. But costs $729 for your ticket! </p><p> It’s not for everyone and many people don’t agree with it. I find it interesting but it’s too much to risk on a gamble for me. I just wanted to explain here where the new grades are coming from to dispel confusion. They’re limited runs and not anybody can submit coins and get them graded like this. </p><p><br /></p><p> So far the company is a hit on secondary market. The unopened boxes list for double issue price on aftermarket and many of the coins in these special slabs are supposedly going for double what they normally would. The red core ones are the nicest and only about 7% got the red core in first run. The company will buy any of them back as well for a strong price. So there’s that too.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 24554046, member: 13650"]This numbering system was dreamed up by a company and NGC agreed to do this little experiment shall we say, on the side. The company acquires the coins, pays NGC to grade and sort the coins into 3 different tiers and packs the boxes with 3 coins to a box. Vault Box series 1 was limited to 800 boxes or 2400 coins in slabs like this. Mostly ASEs with some nicer ones sprinkled in with red cores instead of black. Vault Box series 2 saw the number of boxes doubled to 1600 or so available and the price raised to $729 a box. It just released last week and sold out in less than 30 minutes. So the average guy like any of us here, can’t submit coins and have them graded with this new grading system. It’s just for the vault box series and they’re not necessarily doing this for experienced collectors like you find here. The company’s idea is to add random excitement to the coin hobby like people are already experiencing in the sports card hobby. I’ve been watching people rip open $500 packs of Pokémon cards, Star Wars cards etc hoping to get a major hit. They sell extremely fancy sports cards now in silver brief cases already in plastic cases inside. These briefcases sell for 4 to 5 figures and many people lose money on them. But people are searching for the big name one of one autographed patch card worth $25k or whatever. Vaultbox is doing it with coins now. It’s like a wax pack of sports cards just with slabbed coins. 3 in a box. One will be the lowest tier. The second will be a second tier and the third coin will be the most valuable and could be anything. They sprinkled in some super sets in series 2. One box has a 1995-W ASE, a 2020 AGE V75 and a $100 platinum proof. Imagine opening that box! 1 in 1600 chance. Limit 2. But costs $729 for your ticket! It’s not for everyone and many people don’t agree with it. I find it interesting but it’s too much to risk on a gamble for me. I just wanted to explain here where the new grades are coming from to dispel confusion. They’re limited runs and not anybody can submit coins and get them graded like this. So far the company is a hit on secondary market. The unopened boxes list for double issue price on aftermarket and many of the coins in these special slabs are supposedly going for double what they normally would. The red core ones are the nicest and only about 7% got the red core in first run. The company will buy any of them back as well for a strong price. So there’s that too.[/QUOTE]
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The new NGCX slabbed coins showing up
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