Check out the new service!

[John Maben]

Beginning with the FUN show NGC will be accepting GSA holdered Dollars for grading without the coins being removed from their holders....story on Front page of NGC and C/S websites.... also .....

GSA thread started here

 

John

[Gunsmoke]

I think it is a great idea.

[Gunsmoke]

Two questions. How much of a premium does the GSA holder generate and does anyone think it will go up if graded by NGC?

[PQSeated]

Usually, the unopened GSA holders sell for around $250. I think the lowest priced one I've ever seen one sell for is around $90.

[Gunsmoke]

Do you think the price will increase significantly for an NGC grade coin in the GSA holder? I think it might, but don't have much experience.

[PQSeated]

Most people buy the coins for their history, and hope for a high grade coin. If the coin is a common date and below MS64, I think the prices will actually decrease. However, if they're higher grade (MS65+), they'll be worth more. So I guess it really comes down to the grade that it's given.

[John Maben]

Here is the image for anyone that has yet to see the prototype:

 

 

 

[michael]

wow a fantastic idea and a really neat professional way to do this!!!!!!!!!!!!!!!

 

i love it! and will generate much interest especially so with holders of gsa dollsars that might be dmpl or higher grades where they do not want to break out the coin because of the gsa holder but would like the holder and grade together!!

 

great!!

 

also foir buyers of gsa holders where maybe a seller wants a huge premium for a coin bwcause the seller feels it is a 66 dmpl even a common date 1884 cc would command a huge premium and hard to get from buyers maybe? now

a buyer may feel more comfortable paying this premium if

the ngc grade and guarantee is on the gsa holder!!

 

well done ngc!!

 

sincerely michael

 

ps kool!!!!!!!!!!!!!!!!!!!!!!!!

[michael]

i can sum up his new idea/service with one word

 

superb!!!!

 

sincerely michael

[PQSeated]

You guys call that MS64? Honestly, from the pic, it looks pretty banged up, I'd say MS63 max, IMO.

[John Maben]

This is a prototype and the coin was actually not graded, MS64 was simply assigned to the image, and the label print is computer generated, not real to life. However, I see a coin with great frost and luster, no major marks, and if the reverse were of equal or better quality I can see MS64 and would not be pleased to get an MS63 if I were the submitter. There are too many variables to draw conclusions based on images, IMO.

 

John

[Tradedollarnut]

Well said, John!

[John Maben]

Thanks, TDN.

 

Michael---- Thrilled you like the concept!

 

John

[GP_]

heh I was just going to say that was a lot nicer than most of my MS63's! a 63 will usually have one ding on the cheek or a few smaller dings on the surface. The luster on that coin is very nice!

[kenwin1]

I think I read somewhere that if it is not in a NGC Holder that NGC wiil not put a guarnantee on it. At least thats what I read.

[GDJMSP]

Absolutely Fabulous Idea !!

 

Sure makes me glad I have resisted cracking out my GSA's for all these years. I collect the coins because they are in the holder - it makes them different to me.

[PQSeated]

I had my compouter monitor set to really dark. It made it look like there were more marks then there are. My bad. It looks like a solid 64 to me.

[John Maben]

PQ--

 

No big deal. I just thought it was worth commenting because I know first hand how unreliable an image can be. We have 8 or 9 mointors in the grading room and if the same image is on all of them it will look slightly different at each station. Not to mention how it can vary depending on what equipment is used to take the image and who the photographer is.

 

John