In celebration of its 25th anniversary,
third-party grading service Numismatic Guaranty Corp. will offer what
it calls a "Limited Edition Retro Holder" for several series
of coins, for three months, from Oct. 1 to Dec. 31.
The holder is similar to the first
encapsulation NGC used in 1987, often called “Black Slabs” by collectors.
“This holder is reminiscent of our original
holder used in 1987, featuring a sleek black core,” said NGC chairman
Mark Salzberg. “We couldn’t be more excited to make the NGC Retro
Holder available to collectors and dealers.”
Steve Eichenbaum, chief executive officer of
NGC’s parent company, the Certified Collectibles Group, added: “Since
its founding in 1987, NGC has invested millions of dollars and
thousands of hours of research and development into insuring that our
holders are the finest in the world to protect and showcase your
collection. NGC’s state-of-the-art label and hologram have evolved
over the 25 years we’ve been in business and are a few examples of how
NGC is committed to protecting the consumer and the hobby.”
On the Collectors Society Internet forum at
http://boards.collectors-society.com, initial reaction to the new
offering was mixed. Some users posted thoughts in favor of the “retro”
slabs, while others were against the idea. Some posters expressed hope
that NGC would extend the concept to other submitted coins, not just
the American Eagle silver coin, Sacagawea/Native American dollar and
Allure of the ‘Black Slab’
The original “Black Slab” holders, featuring a
protective black-colored core within a sealed plastic enclosure, were
used by NGC after the company was first formed in 1987. The
encapsulations date from the company’s first several months of
operation, from September through November 1987.
Coin World’s Dec. 13, 2010, “Market
Analysis” stated, “Few of these holders remain today. Estimates on the
number of surviving black holders range from 35 to 200, and they are
collected as novel relics of the early days of third-party coin grading.”
As such, coins graded by NGC and still
remaining in their 1987-era “Black Slab” encapsulations are alluring
to collectors interested in the history of third-party grading, and
coins in these holders typically carry a substantial premium value
when offered for sale, when compared to similar coins in more recent slabs.
The original “Black Slabs” have the coin’s
identifying information (date, denomination, grade and identification
number) paired with the reverse side of the coin, with the company
logo and name inserted on the side with the coin’s obverse.
The labels on the new “retro” encapsulations
follow NGC’s modern method of having the coin’s identification on the
obverse side of the slab and the company’s holographic logo and name
on the reverse.
Also different from the original slab, the
obverse label of the retro encapsulation carries an identification bar
code and the legend “NGC 25th Anniversary.”
As well, unlike the older style slabs, the
retro slab will feature NGC’s trademarked EdgeView holder, a core
introduced in September 2008, which suspends the coin upon four
cushioned prongs, allowing collectors to view most of the coin’s edge.
As opposed to the white of the core for modern slabs, however, the
core within the retro slab will be colored black.
Getting the ‘Retro’ slab
According to NGC, Collectors Society members
submitting coins must follow certain procedures to have their coins
encapsulated with the special holders.
Submissions must be received by NGC between
Oct. 1 and Dec. 31. The program ends on or before Dec. 31 based on
availability as quantities of the holders are limited.
According to NGC: “Coins for the Retro Holder
and special label MUST be on their own submission invoice. The coins
cannot be mixed with other coins to qualify for this holder” and
collectors should write “Retro Holder” on the submission form.
For those sending American Eagle silver coins,
NGC says to select the “Silver Eagles” tier. For the Sacagawea/Native
American and Presidential dollar coins, NGC says to select the “Modern
Special” tier or higher.
There is no additional cost for the service.
Coins previously encapsulated by NGC are not
eligible. As well, NGC representatives will not accept submissions for
this special holder at trade shows.
For bulk submissions, dealers should first
contact Scott Heller by email at sheller@NGCcoin.com
telephone at 800-642-2646.