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BULLY's Journal

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I'm curious about Ikes

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BULLY

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Which kind of NGC grade/packaging do people prefer

Someone recently posted a journal entry about an Ike that graded well, and it was encased in the original OGP (presumably one of the "Brown Pack Ikes") with the NGC band around the case to indicate the grade.

Side note: I know NGC also does these on the GSA Hoard Morgans.

That said, do folks prefer these packages to be graded this way as opposed to the NGC slabs?

I would pose the same question about the so-called "Blue Pack Ikes" which NGC will grade within the pliofilm and assign a grade , so the coin stays within its OGM, including the original mint "medallion."

I am more curious to hear from real Ike fans, though comments from casual collectors are more than welcome as well.

I'll do what I probably shouldn't, and announce my preference up front: I prefer NGC to crack the pack, and use the traditional NGC holder. I have a couple of reasons:

1. NGC (and other TPGs) have gone on record as saying that they belief their holders to be the best way to store and protect coins for long term storage. While they acknowledge that even in their slabs, changes may occur over time, they are the best currently available, and will work to improve them as advancements become available.

2. As a follow up to number one, OGP tends to degrade over time, and is just not nearly the best for long term storage of coins. While the solid packs are better than the older pliofilm, the grading cost is the same, and if I have a choice for the same price, I'd rather elect the better protection for my coin.

3. With the coins graded in the OGP, NGC qualifies their grade, and does not guarantee it. Therefore, if the coin is later submitted to NGC to be removed from the OGP and slabbed in a traditional NGC holder, the grade may change.

4. Simplicity. For simple long term storage reasons, I like being able to put regular NGC slabs in storage boxes - they're the same size, and the OGP complicates that. It's more bulky, and thus cannot be stores alongside other coins. It cannot even be stores alongside other Ike dollars, say Blue Pack Ikes, or Ikes which came from Proof/Mint Sets, or even circulation.

I can probably think of other reasons, but that's my initial take on the matter.

I am curious why people decide what they do though.

For instance, I DO have a GSA Hoard Morgan, graded by NGC in the original holder with the NGC band showing the grade that way. I think it could benefit from services by NCS. From what NCS told me, they could remove it from the GSA packaging, conserve if if they deem it so, and submit it to NGC for grading. It would retain its original pedigree as a GSA Hoard Morgan UNLESS I specifically requested that it be removed. So, while it wouldn't be in the original package, the new NGC protective encapsulation would note that it was, in fact, a coin which came from one of the original GSA Hoard packaged coins. A noteworthy item.

I have Morgans in my collection and like them, but am not an expert, so I also pose the question to die-hard Morgan collectors: Would such a distinction influence your choice in a coin? Do you prefer the original package over the NGC slabbed coin? What if the NGC slabbed coin indicated that it came from a GSA Hoard holder?

These are the things I wonder about. I wonder about lots of things. Am I a weirdo, or just a numismatist?

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