Jefferson Nickel Collectors Unite: 1950-D MS-67fs With Some Decent Toning

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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.