Selecting the monthly market analysis topic can sometimes be a
challenge because just a single coin can be illustrated and this one
coin has to be representative of a broader market lesson.
Thankfully, this month’s pictured coin has a lot going for it in
terms of both its educational potential and its eye appeal.
It’s an 1837 Seated Liberty, No Stars dime in a black Numismatic Guaranty
Corp. holder with a gold Certified Acceptance Corp. sticker.
The “NGC 1.0 Original Black Holder” dates back to 1987 and roughly
30 are known today.
NGC originally put its grade insert on the back of the slab, as on
this piece, but quickly shifted and placed the label on the slab’s
front, corresponding with the coin’s obverse. Any NGC black slab from
1987 is a rarity, and an enthusiastic collector base of people collect
It’s also unusual in having a CAC gold sticker. CAC founder John Albanese describes the infrequently
seen gold sticker as identifying a coin that could “easily green
sticker at the next highest grade level.”
Typically, the gold sticker is seen on common coins, as most
exceptional coins are sent to grading services for regrading in an
attempt to get a higher grade and boost a coin’s market value.
It’s virtually unheard of to find a piece of this high quality in a
very early slab, and buyers are willing to pay a premium.
This one was offered at an April 25, 2013, Heritage auction where it
sold for $17,625.
For comparison, on April 28, 2013, Heritage sold a different example
of the coin, graded NGC MS-65, for $4,406.25, and on Nov. 29, 2012,
Heritage sold one graded NGC MS-67 for $18,800. Neither was in a black slab.
How much of the increased value can be attributed to the slab and
how much is due to the coin’s quality is a matter of educated
guesswork. Perhaps one buyer viewed this coin as a potential MS-67
example, or alternately, he or she was willing to pay a huge premium
on a coin that is virtually unique in its NGC black slab.
The same piece is currently being offered by Coin
Rarities Online for $25,000. The firm’s description aptly
describes the handsomely toned dime, writing, “A superb über-gem
example with lustrous original surfaces, lovely blue, rose and golden
toning and i-n-c-r-e-d-i-b-l-e eye appeal.”
So, this one coin serves as a reminder of the experimentation that
accompanied the early years of third-party grading services, showcases
a rarely seen CAC gold sticker, teaches a lesson on coin valuation,
and reminds readers to look beyond auctions when looking to add coins
to their collections.
More from CoinWorld.com:
Proof 68 1968 Roosevelt, No S dime realizes $31,102.50 in
your U.S. coins: Morgan dollar
users recommend the Mint make no changes to the copper-nickel clad
quarter dollar composition
Mint records sales of 344,423 Proof 2015-W American Eagle silver
dollars through April 12
show labels no longer bring huge premiums
Keep up with all of CoinWorld.com's news and insights by
up for our free eNewsletters
liking us on Facebook
us on Twitter
. We're also on