An anonymous purchaser bid nearly $1,000 above the published value
for a Mint State 69 1987 American Eagle silver bullion coin encased in
an early version of the Professional Coin Grading Service’s plastic holders.
The collector was one of 11 unique bidders who placed a combined
total of 52 bids in the GreatCollections online auction that closed March 26.
The winning bid was $1,050, and with the 10 percent buyer’s fee
added, the total price realized is $1,155.
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The coin itself is one of 14,175 1987 American Eagle silver bullion
coins graded and encapsulated by MS-69 by PCGS. The grading service
values the coin in the PCGS Price Guide at $56 in that grade.
The coin offered in the GreatCollections auction is encapsulated in
an early holder.
How to spot a counterfeit 1928 China ‘Auto’
dollar: Inside Coin World:
We at Coin World report often on fake U.S. coin rarities coming
from China, but not so often about fake Chinese coin rarities.
The Generation 1.2 holder is of the third kind PCGS
used during its inaugural year in 1986, and among 23
overall different versions the grading service has employed during
its more than 30 years of operation.
The Generation 1.2 holder, referred to in the hobby as a two-piece
“Rattler,” was used to encapsulate coins between February 1986 and
September 1989. It is also referred to by its acronym OGH for Old
Green Holder, because of the color of the grading label inside the encapsulation.
Some collectors prize the early holders of PCGS and Numismatic
Guaranty Corp. and for many of these holders, the numbers that survive
are small. Fans of the holder are willing to pay for the holder, not
the coin, in mnay cases.