GreatCollections recorded two strong results in its April 3 sale with a pair of common-date Morgan dollars exceeding expectations, each housed in an early Numismatic Guaranty Co. white label holder, first used in November 1987, a few only months after the start of the “slabbing coins” service.
Eleven bidders chased an 1880-S dollar with a green Certified Acceptance Corp sticker. which eventually sold for $2,706.75, while a dozen bidders chased an 1882-S Morgan dollar of the same note and sticker which fetched $2,899.99.
On the latter, the auctioneer commented: “Vintage bracket from the first generation 2.1 which is not often seen today, this shows the NGC logo inside the plastic bracket. The label is slightly misaligned.
NGC describes this holder as being introduced in November 1987 and explains: “This holder features the white label on the white insert and the rear logo embossed on the insert instead of the outside of the holder. It is now accepted that this medium was most likely in use before Gen 2, but is commonly referred to as Gen 2.1. NGC estimates that approximately 3,500 pieces were engraved in this medium.