Unveiling the Hidden Secret of Rare Coin Market: The Power of Vintage Slabs PART 1
Post by: Walt Durham
in Gold & Silver
Unveiling the Hidden Secret of Rare Coin Market: The Power of Vintage Slabs PART 1
Are you ready for a numismatic revelation? Picture this: certified coins enclosed in PCGS Old Green holders and vintage NGC Fatty Holders have a hidden advantage in the market. These early holders, carrying a touch of history, often fetch higher prices compared to coins of the same grade housed in more recent PCGS and NGC slabs. But why is this the case? Let's dive into the intriguing story behind it.
In order to understand the allure of PCGS Old Green holders and vintage NGC Fatty Holders, we must take a trip back in time to the early days of the grading services. Before third-party grading emerged, the coin market resembled the Wild West. Unscrupulous dealers would frequently over-grade coins they sold while under-grading those they purchased. Telemarketers pushed unsuspecting individuals into investing in coins that turned out to be cleaned, damaged, or over-graded. This lack of uniform grading standards created a trust crisis within the numismatic community, jeopardizing the future of coin collecting.
Thankfully, a group of visionary coin dealers, led by the esteemed numismatist David Hall, set out to tackle this challenge. They believed that if coins could be independently graded by a reputable numismatic organization and securely encapsulated, a market would emerge where these certified or "slabbed" coins could be traded as commodities. This led to the creation of PCGS (Professional Coin Grading Service) in February 1986, followed closely by NGC (Numismatic Guaranty Corporation) in 1987.
However, the pioneers behind PCGS and NGC knew they had to be uncompromisingly meticulous with their grading to earn the trust of the market. When faced with a borderline coin, they would err on the side of caution and lower its grade, preserving the integrity of their firms and the concept of third-party certification. Consequently, early submissions to PCGS and NGC were often conservatively graded by today's standards.
Years later, as the certified coin market matured, PCGS and NGC gradually adjusted their grading standards. This relaxation allowed them to adapt to the evolving market demands. However, the legacy of the early conservative grading remains. Collectors and investors, recognizing the inherent value in these vintage slabs, tend to place a small premium on coins housed in PCGS Old Green holders and vintage NGC Fatty Holders.
So, now you're privy to the secret. The allure of PCGS Old Green holders and vintage NGC Fatty Holders lies in their connection to a pivotal moment in numismatic history. These early slabs symbolize the birth of a trusted and transparent market for certified coins. As a result, they hold a special place in the hearts of collectors and investors alike, commanding slightly higher prices compared to their more recent counterparts. It's a testament to the power of history and the human desire for authenticity and reliability in the rare coin market.
Now that you're in on the secret, you can navigate the rare coin market with newfound knowledge. Remember, when you come across a vintage slab, you hold a piece of numismatic history in your hands.