Tail Bar variety of 1890-CC Morgan dollar housed in a Professional Coin Grading
Service green Regency holder sold Jan. 11 in a GreatCollections Coin Auctions online sale for
more than double the coin's retail value alone, mainly because of
the PCGS holder.
Mint State 62 coin, also stickered by Certified Acceptance Corp., with the 10 percent
buyer's premium added to the closing hammer price, realized $5,225.
PCGS Regency holder, measuring 5 inches high by
3 inches at its widest point, was introduced by PCGS in 1992 as a
means for collectors to recognize special coins in their collections.
The plastic holder was offered as a PCGS grading service option from
1992 through 1995.
cost for the service was $30 plus $20 for the special holder and
custom label description. The two-line inscription for the label was
limited to 44 characters and spaces.
Russell, founder and president of GreatCollections, said the final bid
in the Jan. 11 auction was premised on the rarity of the holder.
the holder. Supposedly 700 were produced," Russell said.
"About half were Israeli coins for one collector. The rest were
special U.S. coins. This had the tail bar variety. I think as a normal
coin, it's worth about $2,000. The holder and certificate is the
reason why it sold for over $5,000."
Roberts, Morgan and Peace dollar specialist and variety attributer for
ANACS, said the
price paid for the Carson
City Mint coin is "at least double retail for the variety
in this grade. All about a rare holder."
Tail Bar variety is attributed as VAM-4 in Leroy C. Van Allen and A.
George Mallis' reference,
Comprehensive Catalog and Encyclopedia of Morgan
& Peace Dollars.
variety takes its name from a wide die scratch, or “bar,” below the
fletchings of the arrows near the eagle’s tail.
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