Hello , I have a 1888 Morgan silver dollar. But it is in a 1887 NGC holder. I am curious as to if it would get a premium because of the slab error? Any help would be greatly appreciated.thanks in advance .
Only a guess, but I'm thinking about 30-40% over the correct date/grade. But you still need to locate the right buyer.
These are certainly collectible, but the price can vary greatly. If it's a common MS 64 or lower grade, I could see it selling for anywhere from 10%-100% over normal prices (i.e. a $50 MS 64 could sell for $100). However, the higher the grade, the lower the premium. If it is an MS 66 or higher, the premium might be lost since people are more concerned if the grade is correct (the coin itself is more expensive in that grade). To get the highest return you would likely have to list your coin on ebay as a buy-it-now with best offer and have some key words like "slab error" in the title. You could attempt an auction as well, but that could backfire if the interested party is not paying attention at the time. Another option is to start it as a buy-it-now and if there are a lot of people watching, then switch to an auction.
Great advice. The grade of the coin is stated as "Brilliant Uncirculated" doesn't have a number grade
That is usually from dealers or TV coin sellers submitting a bunch at the same time to get bulk rates. These tend to range from MS 60 to MS 62 (with the occasional higher grade). A typical one likely sells for 35-45. I'd say you could get around 75-100 on ebay (maybe more or less depending on who is looking). If you want to sell, start with a price you are comfortable with (100, 150, 75, etc) and list it on ebay. Remember to take into account 10% ebay fees, 2.9% to paypal, and any shipping costs. You could also list it on this forum in the for sale section to see if any forum members are interested. Best of luck!
So, if the slab is wrong ( date ) who said the grade is correct ? Could be, everything is wrong too ...
That is what I mentioned in my reply. If it is at MS 64 or lower, then it doesn't really matter if the grade is correct since the spread between circulated and MS 64 isn't huge (likely max of 30-50 from cull at 15-20 to MS 64 at 55-65). In fact, the slab would likely be worth even more if one had a heavily circulated coin with an MS 64 label. However, when getting to MS 65 and higher, the grade could matter. Less slab collectors are willing to pay the price for novelty when the coin itself might be expensive (and potentially misgraded). In the case of the OP, the label just says "BU," which suggests that it was part of some bulk submission. In this case, the coin is either unc or circulated. The price should not be significantly affected either way (a circulated common date and a low MS common date-assuming it is low MS based on the coins that usually garner a BU label instead of a normal grade-have a fairly small spread, likely in the 20-25 range).
That reminds me that I bought a 1913 Type 1 Buffalo Nickel that was incorrectly slabbed as a 1913-D. Perhaps we should start a "post your error slab" thread. I'm afraid it's tucked away so I don't have the reverse shots. It would sure be nice if I could sell it for 1913-D prices.
I once saw a Seated Liberty Half Dollar in a NGC Holder that said Seated Liberty 25 Cents in a dealers showcase. Even the dealer who had it had not noticed the error. scmedic
In these scenarios, (wrong info on slab), would the TPGS offer to reslab with all expenses paid, including shipping ? Not saying that I would, just curious how they respond to these mistakes.
