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paralyse's Last 20 Posts
| 1901-O Dime, Why MS60?
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paralyse
Bedrock of the Community
United States
10343 Posts |
 Posted 06/03/2023 1:14 pm
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Quote:
paralyze what are you basing your statement on? I deep dive into ex grader insider stories and results are silent. There is freakishly an information big hole when you search: ex graders present graders tricks of trade life grading coins etc. etc. Employment disclosure statement? maybe un written rules? maybe but from sources I have (ANACS Colorado Springs Co.) They "don't net grade any longer". Is there something I'm not aware of?
I would assume (but do not know) that there are non-disclosure agreements in force.
As previously stated, in years past ANACS used to include wording at times indicating that a coin had been net graded. I don't have one of the slabs in inventory at the moment. This was back during the small white holder days but after the transition from the ANA holder.
Currently, none of the 3 major TPG's that I know of still use net grading actually on the label, but I have seen many occasions where coins are net graded anyway -- Bust half dollars are a good place to look if you want to see this in action, and Liberty Seated coinage to some extent. This is often found to happen on coins which have been dipped/cleaned and retoned, but where the TPG cannot directly prove that is the case.
Examples from my personal collection include an 1861 half dollar with high AU sharpness but retoned over an old cleaning = XF45 on the holder (NGC); 1894-O Morgan dollar, high AU sharpness, retoned = XF45 (PCGS); 1856 quarter, dipped, retoned (but pretty rainbow and full of luster), AU58/MS62 slider, net graded down to AU50 by PCGS. Those are all full grade coins (no details designation.)
Net grading is not an "official policy" anymore, but it definitely happens. Personally, I miss it, and wish they'd bring it back, and not just ANACS. I still net grade all of my raw copper. |
| | Forum: US Classic and Colonial Coin Grading |
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| 1871 Indian Cent For Comments
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 06/01/2023 7:21 pm
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VF35-EF40 details, cleaned, probably env. damage -- doubt it would straight grade
Does have a couple of neat reverse die cracks in the usual places, and possible an obverse die crack through the bases of STAT
The years from 1866-1872 are difficult to find problem-free in circulated grades above VF20 -- and even with this coin having some issues it would still probably draw some bidding.
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| | Forum: US Classic and Colonial Coin Grading |
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| 1936 D Buffalo Environmental Damage. Thoughts
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 06/01/2023 01:45 am
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No saving that poor Buff. Looks like a dug coin or detector find.
Nothing you do will improve the appearance, unfortunately, except perhaps a very long soak in virgin olive oil, which can take weeks or months and will need to be changed out every once in awhile. |
| | Forum: US Classic and Colonial Coins |
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| 1876 Indian Cent For Evaluation
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 06/01/2023 01:41 am
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I'm reasonably suspicious that this coin may not be genuine.
If it is in fact genuine, altered surfaces. Reverse looks to have been doctored (smoothed) and I'm pretty sure the obverse has also been smoothed, especially in front of the forehead area and the nose. The "jagged" look to the profile may be moved metal from the field or just damage, and the necklace and part of the date have been obliterated. perhaps by smoothing or polishing. Looks like it may have then artificially darkened with Deller's or sulfur cream or something similar since the color is also rather off. The broken rim from "ES" over to "OF" is extremely odd.
Hard pass at any price. |
| | Forum: US Classic and Colonial Coin Grading |
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| What Does The New CAC Grading Service Mean For Other TPG Values
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 05/31/2023 1:26 pm
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I do not think CAC grading service will have a significant impact on the other TPG's or on the coin market as a whole except at the very top end.
Rationale:
1. CAC membership is required to submit coins to CAC's new grading service. However, CAC membership is limited and very difficult to obtain, even for coin dealers, due to long wait lists and stringent application requirements. Per the latest data, CAC currently consists of approximately 3,000 members, and those 3,000 are the only people who will be able to submit coins to CAC's new grading service. But extensive delays at CAC have been a frequent occurrence -- certification has been repeatedly suspended, even for CAC members, and even when they ARE accepting coins for certification, members have been consistently reporting 60-90 day or longer turnaround times.
2. CAC does not yet have an equivalent to NGC or PCGS's Registry Sets, but it's in the future plans. The popularity of Registry Set collecting has been a strong driver of demand for PCGS and NGC graded coins over the last several years. According to CAC, they have a "World Class registry program" in the works, but it's not completed yet. Supposedly, it will allow inclusion of PCGS and NGC coins, but will also maintain a separate Registry for CAC coins only. It's worth noting that PCGS's Registry Set -- arguably the most popular, and certainly the most dominant Registry Set program -- only allows PCGS coins, which means PCGS Registry Set participants are not likely to crack out their PCGS coins (which would render them ineligible for PCGS Registry Sets) in exchange for a CAC holder. PCGS does have a separate CAC registry for CAC-certified (beaned) coins, but they have not yet stated if it will include CAC-graded coins -- although that seems unlikely since the new CAC grading service will be a direct competitor.
Note: CAC has not currently stated whether or not they will accept coins for the new grading service that have been submitted by CAC members if those coins are already in other TPG holders ("crossover grading") although this seems likely since they only issue CAC green beans to already-slabbed coins. CAC has stated that the new grading service will allow submission of raw coins not already graded.
3. Given CAC's allegedly stringent approach to grading, and the large number of coins which CAC deems unworthy of a green bean, I doubt many collectors or dealers are going to be lining up to have their PCGS and NGC coins cracked out and graded by CAC, especially if they already have CAC green beans on them. CAC has already announced their intention to "gradually discontinue" CAC stickers, meaning that the only way to have a coin approved by CAC will be to submit it for grading by CAC.
4. There is a surprising amount of ambiguity on CAC's part as to why they are a better choice than NGC or PCGS for grading coins. Other than very vague language about "respected experts in the field" not much has been disclosed; and CAC has not yet publicly disclosed the standards which they will use to grade coins to anyone at all (whether they are members or non-member collectors/dealers.) CAC states that they will be building "master sets" of CAC-graded coins that they plan to exhibit at shows, but this has not yet been done either, of course, since they don't have enough CAC-graded coins yet to build sets with. CAC states that they will be using "the best team of graders possible" but has not indicated what qualifications are in place to justify their employees being considered the "best graders."
5. CAC's new grading service is being financed by a consortium of "over 125 dealers, numismatic professionals and influential collectors" (CAC's language, not mine.) CAC has already disclosed that these "partners" will have a direct financial interest in CAC's business affairs up to and including ownership. This is a serious area of concern. Neither PCGS nor NGC are owned by dealers or collectors. This means that CAC itself will have a direct professional and financial conflict of interest when grading any coins submitted by those 125+ stakeholders, and yet CAC has failed to address this concern or provide any indication that there will be a system of checks or safeguards to prevent members of that consortium from receiving preferential or favorable treatment when they submit coins for certification. (They're basically submitting coins to themselves, what can possibly go wrong?) |
| | Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC. |
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| Indian Head Rolls Purchased
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 05/30/2023 01:28 am
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I bought a couple cheap rolls of Wheats from a very well-known "unsearched roll" scammer many years ago purely to see if they were as bad as the horror stories would suggest.
They were, in fact, that bad. I think I paid less than $5 for each of the two rolls and probably lost $4 on each.
Be especially wary of any rolls that have different end coins, like "roll of indian head cents with a 3 cent nickel end coin" etc, those are 100% scams
There are also a lot of fake "uncirculated bank wrapped" Morgan Dollar rolls that sometimes bring shocking money which are basically seeded with common date mid-grade Unc coins. That's when you learn that being in an original bank wrapper doesn't mean they were originally wrapped at a bank.
IMO if you want to toss a few bucks at them just for fun, no harm no foul, but don't go expecting to find 1909-S VDB's in that random $3 roll of "unsearched" wheat cents.
I saw a particularly hilarious one a couple months ago that was advertised as an "unsearched roll of nice 1860s and 1870s indian head cents" or something like that. cue facepalm. Seller had quite a few different rolls listed, including things like "Guaranteed that all coins will grade at least VF20." (!) |
| | Forum: US Classic and Colonial Coins |
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| How Far Back Can We Go? Seventh Edition!
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paralyse
Bedrock of the Community
United States
10343 Posts |
Posted 05/29/2023 01:10 am
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After 1720 is when I really start to slow down a bit, I have only 22 of the years between 1600-1699, and even worse after that with only 4 coins in the 1500s; beyond that my oldest is 1279-1307 (no date)
Here is a 1743 Halfpenny of George II. It's fairly worn but the major details are visible.
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