GreatCollections News (256)
All the latest news about GreatCollections, including Press Releases.
Just joined GreatCollections? Here you will find out useful information for new members.
Learn everything you need to know about bidding and buying coins and numismatic products through GreatCollections
Learn everything you need to know about selling coins, bullion and other items through GreatCollections
Learn everything you need to know about notification, form of payments accepted and shipping informations
Information about My Account at GreatCollections and general Membership questions.
Our Services (3)
Learn more about all of the services we offer at GreatCollections, your full service auction and discounts
Throughout our listings, there are abbreviations about coins, such as VAMs, Overton numbers, pedigree
Learn more about how to contact us regarding our website and coins being offered.
CoinWorld: Early PCGS holder valued at $56 sells for $1,155 in online saleIn this auction, it was ‘Buy the holder, not the coin’ that inspired bidders
[email protected] on Sat, Apr 01, 2017 03:44:11 PM
1987 American Eagle silver dollar in early PCGS holder valued at $56 sells for $1,155 in online sale
By Paul Gilkes , Coin World
Published : 03/29/17
An anonymous purchaser bid nearly $1,000 above the published value for a Mint State 69 1987 American Eagle silver bullion coin encased in an early version of the Professional Coin Grading Service’s plastic holders.
The collector was one of 11 unique bidders who placed a combined total of 52 bids in the GreatCollections online auction that closed March 26.
The winning bid was $1,050, and with the 10 percent buyer’s fee added, the total price realized is $1,155.
The coin itself is one of 14,175 1987 American Eagle silver bullion coins graded and encapsulated by MS-69 by PCGS. The grading service values the coin in the PCGS Price Guide at $56 in that grade.
The coin offered in the GreatCollections auction is encapsulated in an early holder.
The Generation 1.2 holder is of the third kind PCGS used during its inaugural year in 1986, and among 23 overall different versions the grading service has employed during its more than 30 years of operation.
The Generation 1.2 holder, referred to in the hobby as a two-piece “Rattler,” was used to encapsulate coins between February 1986 and September 1989. It is also referred to by its acronym OGH for Old Green Holder, because of the color of the grading label inside the encapsulation.
Some collectors prize the early holders of PCGS and Numismatic Guaranty Corp. and for many of these holders, the numbers that survive are small. Fans of the holder are willing to pay for the holder, not the coin, in many cases.
View the 1987 Silver Eagle PCGS MS-69 at GreatCollections