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Your Opinion: 5 Dollar 1912 Indian Head

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Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 02/24/2020  3:52 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
My understanding - unless it's changed in the past year or so, is all coins graded by NGC are done so here in the United States offices, and the worldwide offices are for submissions only and to help expedite shipping here to USA and back. Please correct me if I am wrong.

EDIT: Found this on NGC website; https://www.NGCcoin.de/news/article...ch-in-March/

Quote:
Regular submissions to NGC GmbH are shipped with insurance to the companies' headquarters in the US for grading and, if requested, conservation. After grading, submissions are shipped back to NGC GmbH in Munich (again with insurance) to be returned to the submitters.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector.

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Edited by westcoin
02/24/2020 4:47 pm
Valued Member
Germany
157 Posts
 Posted 03/08/2020  08:43 am  Show Profile   Bookmark this reply Add Alexthegreat to your friends list Get a Link to this Reply
My english is not the best, but I will try to write an useful answer:
No, the coins were gradet in Munich during an onside grading event. Some cowboys came from the US and gradet 10000 coins within 8 days. I was not realy suprised by the results. I sent in 8 coins. 3 got 1 grade better than expected, 2 coins got 1 grade lower.
I looked at a lot of photos/videos of incused Indians and after learning that field and luster make the grade they are not so hard to handle. Lots of people in this forum give AU58 grades to coins with shiny fields, because of they confuse a weak strike with rub. The field is the highest point on these coins. Thats why a coin with a good luster in the field can not be affected by mentionable traces of harme on the Indian. All the Au58 pieces have almost no luster in the fields. This $5 Inidian Head 1912 for example is my best coin of the type in terms of luster and low amount of scatches. So I tought it would grade higher than all the other Indians. Maybe I will try it one more time with the next submission. I am very sure that MS63 is a rather conservative grade for this coin.
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