Old holder madness at Heritage

General discussion board about VAMs, but no buy/sell offers
Post Reply
DHalladay
Posts: 2685
Joined: Wed May 30, 2018 4:38 pm
Location: Boise, ID area

Old holder madness at Heritage

Post by DHalladay » Tue Mar 08, 2022 4:48 pm

I get the concept of “to each their own”, but some of the all-in Morgan prices in Heritage’s Old Holders Auction last night were incomprehensible. Here are a few examples, arranged from what makes at least a bit of sense to me, to miles less than none whatsoever. I don’t know which to be more amazed by; the winning bidders, or that there were underbidders who pushed them to get there.

#6: 1887/6-P MS63 in a super-rare PCGS Prestige holder – $4,800 all-in.
Current PCGS Price Guide value for the variety is $775. Prestige holders are spectacularly rare and intensely sought after, with only about 200 believed to have been made during the brief time they were offered. Israeli coins make up a big chunk of the total, which makes one with a meaningful Morgan dollar even more desirable. I sort of get this one.
Prestige $4,800 all-in.jpg
Prestige $4,800 all-in.jpg (113.91 KiB) Viewed 1669 times


#5: 1884-O PCGS MS63 DMPL – $800 all-in.
Current PCGS Price Guide value is $280 and PCGS has graded almost 2,500 1884-Os in all DMPL grades. Price Guide value for a 64 DMPL is just $450. None of them are rare… or even scarce.
84-O 63DM $800 all-in.jpg
84-O 63DM $800 all-in.jpg (120.35 KiB) Viewed 1669 times


#4: 1879-O PCGS MS63 (CAC green) – $1,140 all-in.
Current PCGS Price Guide value is $425. Admittedly, the photo shows what looks like a stunningly nice coin for the grade, but the final all-in price was 50% more than Price Guide value for an MS64.
79-O 63 $1,140 all-in.jpg
79-O 63 $1,140 all-in.jpg (120.24 KiB) Viewed 1669 times


#3: 1880-S NGC MS65 “no line fatty” holder (CAC gold) – $1,560 all-in.
This is where Total Bizarro Land starts IMO. There is nothing rare about 1880-S in any grade less than MS69 and it wasn’t so long ago that MS65s were barely $100. Current PCGS Price Guide value for an MS67 is only $1,100.
80-S 65gold $1,560 all-in.jpg
80-S 65gold $1,560 all-in.jpg (124.58 KiB) Viewed 1669 times


#2: 1886-P NGC MS64 “no line fatty” w/gold lettering on reverse – $1,560 all-in.
Deep in Total Bizarro Land is this otherwise $85 coin (Coin Dealer Newsletter) with ugly toning. That said, Heritage’s obverse photo shows what is either huge mechanical doubling or big north-south doubling on 886 that doesn’t seem to be in SSDC’s 1886-P VAM listings.
86-P 64 $1,560 all-in.jpg
86-P 64 $1,560 all-in.jpg (112.75 KiB) Viewed 1669 times
When in doubt... don't.

DHalladay
Posts: 2685
Joined: Wed May 30, 2018 4:38 pm
Location: Boise, ID area

Re: Old holder madness at Heritage

Post by DHalladay » Tue Mar 08, 2022 4:49 pm

#1: 1881-S NGC MS65 “no line fatty” w/gold lettering on reverse (CAC gold) – $5,040 all-in.
Welcome to the Twilight Zone. Coin Dealer Newsletter price for an MS65 example of the most common of all certified Morgans is $185. Of the last 18 examples Heritage has sold in NGC MS68, the most expensive one was $4,560 and seven were $3,000 or less.
81-S 65gold $5,040 all-in.jpg
81-S 65gold $5,040 all-in.jpg (125.19 KiB) Viewed 1668 times
When in doubt... don't.

vamsterdam
Posts: 1205
Joined: Thu Jun 07, 2018 2:48 am

Re: Old holder madness at Heritage

Post by vamsterdam » Tue Mar 08, 2022 5:42 pm

well, that is interesting. plastic mania.

JASONKFLO
Posts: 670
Joined: Sun Jun 14, 2020 2:59 am
Location: EMMETT IDAHO

Re: Old holder madness at Heritage

Post by JASONKFLO » Tue Mar 08, 2022 6:43 pm

I’ll just continue to try and buy the coin and not the holder.
Jason Floyd
I climb Mountains , Grow Bamboo and like Coins

User avatar
messydesk
Site Admin
Posts: 3298
Joined: Mon May 28, 2018 1:57 am

Re: Old holder madness at Heritage

Post by messydesk » Tue Mar 08, 2022 7:59 pm

As you say, to each, his own. I'm glad they're all mediocre generic coins, because it would be a shame to have actual desirable coins being held hostage by plastic.
Welcome to the VAMWorld 2.0 discussion boards. R.I.P. old VAMWorld.

morganman
Posts: 714
Joined: Fri Jun 29, 2018 4:02 am

Re: Old holder madness at Heritage

Post by morganman » Tue Mar 08, 2022 8:09 pm

:popcorn: It is wierd times with a ton of cash money
rolling around from stock wins etc
I love selling into these crazy escalated $$$
Well i am sure laughing to bank on coins like
these along with super rainbo toners bringing
crazy money. Nice to be me right now. LOL

Buyers IMHO are bound to lose their ass
:|

User avatar
mark
Posts: 272
Joined: Tue Jun 05, 2018 5:55 am

Re: Old holder madness at Heritage

Post by mark » Tue Mar 08, 2022 10:49 pm

I won the 1878 MS65 DMPL NGC MS65 VAM-170. I remember when this coin was found and posted on the old VW site (Rick Snow?). Probably saw this coin the very first day is was listed on Heritage almost 3 months ago. It was a long wait that finally ended yesterday. I think I paid a fair price though.
Attachments
vam-170dmpl.jpeg
vam-170dmpl.jpeg (151.21 KiB) Viewed 1585 times

Vam-mysterio
Posts: 744
Joined: Fri Jun 08, 2018 8:52 pm

Re: Old holder madness at Heritage

Post by Vam-mysterio » Tue Mar 08, 2022 11:20 pm

😯

playtime1
Posts: 143
Joined: Thu May 31, 2018 2:27 am

Re: Old holder madness at Heritage

Post by playtime1 » Wed Mar 09, 2022 1:03 pm

People have been over paying GSA holders for years. I always thought the cellophane “soft holders “ for the GSA hord leftovers, was even more stupid. Quoting Forrest Gump, “ stupid is as stupid does”. :lol:

User avatar
HawkeEye
Posts: 596
Joined: Fri Jun 01, 2018 1:30 pm
Location: North Georgia
Contact:

Re: Old holder madness at Heritage

Post by HawkeEye » Wed Mar 09, 2022 2:17 pm

This is almost like Star Wars figures that trade on a combination of packaging and production
Deep in the woods of North Georgia

User avatar
vampicker
Posts: 1783
Joined: Fri Jun 01, 2018 1:48 pm
Location: Ohio

Re: Old holder madness at Heritage

Post by vampicker » Wed Mar 09, 2022 5:05 pm

Pretty happy to own my 78-CC GSA set with multiple soft pack pieces. That Redfield Green holder I bought at FUN wasn't cheap either, but I'd do it again in a heartbeat.
often the crusher of hopes and dreams

User avatar
Longstrider
Posts: 865
Joined: Tue Jul 03, 2018 9:12 pm
Location: Mojave High Desert

Re: Old holder madness at Heritage

Post by Longstrider » Wed Mar 09, 2022 9:30 pm

I wrote a thread about this auction on the day it was being held for the ANA website, money.org... Only one person had a comment. I guess all the member there don't see a problem. A bit disappointing. It has become mostly kids there on the blogs. Oh well. Thanks.

User avatar
DarksideVAM
Posts: 39
Joined: Thu Mar 11, 2021 1:06 am

Re: Old holder madness at Heritage

Post by DarksideVAM » Thu Mar 10, 2022 3:28 am

It always amuses me to read the belittling comments regarding the collecting preferences of others with similar interests within the hobby. The value of the rarest most sought-after variety is based on the highest bidder’s desire to obtain it. Collectors generally pay little attention to intrinsic commodity valuation of the object desired.

I believe the old TPG holders and GSA packaging carry provenance and scarcity factors which trigger the collector gene.

Andy Hansen
Posts: 117
Joined: Sat Aug 04, 2018 4:04 pm

Re: Old holder madness at Heritage

Post by Andy Hansen » Thu Mar 10, 2022 4:11 pm

I collect GOLD CAC stickers. They do carry a premium over what makes sense if your into that.

The Gold CAC 1880-S NGC 65 that sold for $5,040. all in, had more to do with the super low serial number NGC Holder
combined with the GOLD CAC, and less to do with an 80-S.

That being said Iwas not the high bidder
on this one, I dropped out in the mid $2,000. which still may seem nuts to some.

Years ago, when I started collecting GOLD CAC, they would sell for about the cost of a grade up, which is what you except.
Nowadays they can go for double or triple.

To each his own collecting treasures.
Matthew 6:19-21 Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also.

Andy

User avatar
DarksideVAM
Posts: 39
Joined: Thu Mar 11, 2021 1:06 am

Re: Old holder madness at Heritage

Post by DarksideVAM » Fri Mar 11, 2022 1:46 am

I collect GOLD CAC stickers.
Hi Andy,

I've sent about 200 Peace Dollars in PCGS holders to CAC over the last several years and only about 30% of them have received a green sticker. I've never received a gold sticker on any of them so I understand.

Mediocrates007
Posts: 48
Joined: Mon Sep 20, 2021 8:19 pm

Re: Old holder madness at Heritage

Post by Mediocrates007 » Fri Mar 11, 2022 9:06 pm

I like ANA/ANACS soapboxes, particularly the slightly smaller generation holders. There’s a bit of nostalgia for me with them, as my first slabbed coin was in a soapbox and they were a little cheaper than the others at the time.

While I don’t collect them per se, I do seek them when looking for commons as the grading was consistent and you can find some decent deals on nice looking coins.

The old NGC & PCGS CAC’d holders don’t rev my engine, but I understand how it does for the folks who like them.

Post Reply