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 Replies: 33 / Views: 2,731 |
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Valued Member
 United States
288 Posts |
nickelsearcher wrote: IMO this is a coin that needs to stay in that slab to preserve the value as MS67FS. Quote:
Just a question: Would you sell this coin as an MS67 FS, knowing that it's not represented as ANACS MS65, as initially stated?
Most of us agree it's not an "FS", and the pictures don't show (to me anyway) it's an MS67... So you're saying I should send it back to PCGS with a note, telling them they graded it to high?.....it should only be a 65?  |
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Pillar of the Community
United States
2003 Posts |
Yes it is a nice looking key date nickel. I would have to assess it in hand rather than just pictures to determine a grade since some of the markings may be on the lens rather than on the coin. Given the pics provided, I think it is over graded. The only relevant grade isn't what the TPG determined but rather what a potential buyer believes it grades for a value. We always hear "buy the coin, not the slab". TPG's aren't gods and they make mistakes too. It is simply their opinion. From the pics provided I personally wouldn't pay 67 FS money for this coin without first seeing it in hand. |
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Valued Member
United States
288 Posts |
Quote:The only relevant grade isn't what the TPG determined but rather what a potential buyer believes it grades for a value. We always hear "buy the coin, not the slab". TPG's aren't gods and they make mistakes too. It is simply their opinion. From the pics provided I personally wouldn't pay 67 FS money for this coin without first seeing it in hand. Exactly right! And that's why when I viewed the coin before the auction, I thought is was way under graded. Plus, it was nice to get a second opinion. I was surprised I was the only bidder. It's nice to come out ahead in this hobby every now and then. I've taken a beating much more then I have won over the years. |
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Valued Member
United States
288 Posts |
BTW: I'm not a professional, I'm just a hobbyist.
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Pillar of the Community
 United States
2172 Posts |
Quote:
So you're saying I should send it back to PCGS with a note, telling them they graded it to high?.....it should only be a 65? No, I don't expect you to do that, but if your going to sell, tell the buyer that another grading company rated this coin as an MS65 with no FS designation.. So, tell me: Who's right, ANACS with its MS65 or PCGS with MS67 FS? |
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Pillar of the Community
United States
2172 Posts |
Quote:
Absolutely not. PCGS felt this was a 67FS. Just because you don't agree based on the photos doesn't mean it's an incorrect grade. If you're going to totally disregard PCGS' opinion, why not just sell it as an MS-68 because you believe it is? You're correct, I disagree with the MS67 FS, and guess what, so did ANACS, and they had in hand... |
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Pillar of the Community
United States
2172 Posts |
Marc Ingram, can you post a close-up picture of the right side of the stairs and another of the front door. Thanks!
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Valued Member
United States
288 Posts |
Quote:
No, I don't expect you to do that, but if your going to sell, tell the buyer that another grading company rated this coin as an MS65 with no FS designation.. So you want me to be honest with the next buyer and tell them about the previous grade but not honest enough to send it back to PCGS and have them change the grade back to 65? I'm a pretty nice guy but I'm not that nice.  Quote:
So, tell me: Who's right, ANACS with its MS65 or PCGS with MS67 FS? It's "ALL" subjective. |
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Valued Member
United States
288 Posts |
Quote:
Marc Ingram, can you post a close-up picture of the right side of the stairs and another of the front door. Thanks! I'll try tomorrow. It's getting late here. |
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Valued Member
United States
288 Posts |
Here you go @CoinForMe   |
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Pillar of the Community
United States
2172 Posts |
Marc Ingram Thank you so much for posting the new close-up pictures. The Door: I was thinking you had a die break ( my 5-cent coin has a die break in that area). This now looks more like a scratch.. The Stairs: This is a 5FS coin. First step from the bottom is not complete... 
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Pillar of the Community
United States
3325 Posts |
Quote:
So, tell me: Who's right, ANACS with its MS65 or PCGS with MS67 FS? For what it's worth, here is my personal opinion on this. ANACS evaluates coins on a strictly technical perspective. Registry sets are not a consideration and eye appeal has less bearing on their grades. That's why I think their grades are often a point higher or (usually) lower than the other two companies. For PCGS and ANACS, you must request FS evaluation (I'm not familiar with NGC practices but have heard they may automatically look at the steps.) All three companies have different criteria for FS, with PCGS being the most lenient. We've had this discussion on the forum more than once. FS designation should be considered an indication of strike quality, so any nicks across the steps should not matter, but they do matter at NGC (maybe at ANACS - I haven't tested that hypothesis.) PCGS will issue FS designation if they're all there regardless of insignificant hits. The 5FS/6FS designation is subject to date - the dies were changed at some point. SO, I would not be concerned at all about what ANACS originally gave the coin. The holder it's in now is what counts and it's up to me to decide if I agree with it. If I'm looking at a high-dollar coin, I'll do my own homework to decide if it has been regraded and what the older grades were. There would be no subterfuge involved. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Moderator
United States
188660 Posts |
Nice example!  |
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Pillar of the Community
United States
2172 Posts |
Thank you Bump111 for your opinion on this FS grading matter.. I would hate to see a newbie wanting an MS67 FS version of this coin, not understanding what he is actually getting, but only a sticker that says so... This coin, with its original ANACS-rated MS65 sticker, is worth about $25+-, Same coin with a PCGS Sticker MS67FS is around $750, according to the MEGA Red Book.... Poor Newbie !  |
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Valued Member
United States
288 Posts |
Quote:
For what it's worth, here is my personal opinion on this. ANACS evaluates coins on a strictly technical perspective. Registry sets are not a consideration and eye appeal has less bearing on their grades. That's why I think their grades are often a point higher or (usually) lower than the other two companies. For PCGS and ANACS, you must request FS evaluation (I'm not familiar with NGC practices but have heard they may automatically look at the steps.) All three companies have different criteria for FS, with PCGS being the most lenient. We've had this discussion on the forum more than once. FS designation should be considered an indication of strike quality, so any nicks across the steps should not matter, but they do matter at NGC (maybe at ANACS - I haven't tested that hypothesis.) PCGS will issue FS designation if they're all there regardless of insignificant hits. The 5FS/6FS designation is subject to date - the dies were changed at some point.
SO, I would not be concerned at all about what ANACS originally gave the coin. The holder it's in now is what counts and it's up to me to decide if I agree with it. If I'm looking at a high-dollar coin, I'll do my own homework to decide if it has been regraded and what the older grades were. There would be no subterfuge involved. Exactly! I guess the issue here is inconsistency throughout the industry. Each of the TPG'ers seen to have their own words, terminology, standards, how they write their labels, etc... Like I said; it's all subjective. They each want to be unique, in their own way. |
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Posted 08/24/2025 5:07 pm
