What Can You Tell Me About Eng Slabs

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Author	Replies: 8 / Views: 2,559
vambuyer New Member United States 17 Posts	Posted 02/12/2017 5:01 pm Lately, in the auction houses, I have seen a ton of ENG Slabs. I am thinking that they are out of business as I can find no info on them. There was a standing liberty of 1923 MS 64 Full Head, I couldn't research as I usually do so I took a chance and won the coin. Well the long story shorten is this PCGS puts this coin at 1500.00 in one of their slabs, the auction house put it at 350.00. So how reliable is the grade by ENG as I am thinking on having it regraded by PCGS . I have included a pic for your viewing pleasure and comments, thx Report this Post to the Staff

Matt2727 Valued Member United States 219 Posts	Posted 02/12/2017 9:18 pm I have experience dealing with slabbed coins, and over the years I've learned that dealers and collectors tend to only deal with PCGS and NGC slabbed coins. All other slabbed coins are treated as raw. Exceptions to this would be ANACS and ICG, their coins are certainly not treated as raw, but they do face more scrutiny than coins certified by NGC or PCGS. I would suggest cracking it out of that slab and sending it in to one of the major third party graders. Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4593 Posts	Posted 02/12/2017 11:42 pm Never heard of them. Need to see the back and also if it's actually sonically sealed or just friction fit (try feeling for a seam with your thumbnail). Basically, it's a basement (bogus) grader, so the actual coin grade could be anything from cleaned to low mint state. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
vambuyer New Member United States 17 Posts	Posted 02/13/2017 12:52 am Here is the back... Report this Post to the Staff
rycolemet Valued Member United States 238 Posts	Posted 02/13/2017 08:23 am The reverse looks cleaned to me... I haven't heard of ENG and doubt anyone would send them a coin of that value unless they want it to grade problem free (when it is cleaned, etc.). Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 02/13/2017 08:31 am Basement slab... Buy the coin... Report this Post to the Staff
Imthealphaomega Pillar of the Community United States 3210 Posts	Posted 02/13/2017 08:43 am Agree was looking fine on the obverse, when I saw the reverse it looked cleaned cause of all the obvious hairlines. As others have said buy the coin not the slab Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4593 Posts	Posted 02/13/2017 09:08 am Try the thumbnail test, open the slab and swap labels. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 03/07/2017 5:05 pm Are those really hairline scratches on the reverse? OMG, its like Unc details if thats true. Nothing like an MS-64. Report this Post to the Staff
	Replies: 8 / Views: 2,559

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