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To participate in the forum you must log in or register. | Author |
 Replies: 5 / Views: 5,424 |
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New Member
United States
46 Posts |
I'm considering submitting my first coin to be professionally graded, but on top of the usual issues of pricing, ease of submission, etc. I have this extra issue to consider. With the advent of PCGS Genuine and NGC Details grading, all three major coin grading companies now accept and slab problem coins, but I'm not sure which is going to make my coin the most attractive in the eyes of potential future buyers. Without going into too many details about the coin itself, here are some facts:
It is seated liberty-type and a key date of its series.
The two problems are as follows: a small rim nick at 10 o'clock on the obverse and two small scratches in the fields at 5 o'clock on the obverse.
The coin is from a date and variety known for die rust and weak/poor strikes. The reverse is MS-quality, and the obverse is AU-quality with ER in LIBERTY mysteriously weak in the midst of the very strong details over the rest of the obverse. The coin retains most mint luster.
With this in mind, here is what I know and what I want to know about each option:
ANACS, as far as I know, will provide an actual grade and list damage. What I don't know is if they grade it in accordance of what it would be without the damage or if the grade provided is lowered to account for the damage. The above also goes for NGC Details, though I'm pretty sure that NGC lowers grades for damage instead of providing the grade that the coin would otherwise have, i.e. an AU coin with damage would be graded "XF Details" or something like that.
I'm actually not sure if I have any questions about PCGS Genuine as it's pretty straightforward. What I'm concerned with is that, at least in my eyes, PCGS Genuine slabs have a more "mark of eternal shame" look to them than ANACS or NGC damage slabs do. No grade + "GENUINE NOT GRADEABLE" makes damaged coins look even worse in my eyes, but I don't know if this is the same for other collectors. After all, PCGS's high reputation is widely accepted, no?
So, given the info above (grade preferable over no grade, but also want to maximize the coin's marketability), which option is going to be best for me? All help is highly appreciated.
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Pillar of the Community
United States
763 Posts |
I agree with you about PCGS. I think the Genuine slabs are worthless unless you are dealing with a highly counterfeited coin.
According to the NGC website, the details grades that they assign reflect only the wear on the coins and not the problems.
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Pillar of the Community
United States
6389 Posts |
My guess is that the market is still adjusting to establish relative values for the PCGS and NGC problem coins. I doubt you can realistically determine which holder would fetch you the highest price when it comes time to sell.
The NGC and ANACS websites should describe their policies for assigning problem grades. ANACS used to give both a details grade (for the actual level of wear) and a net grade based on how severely they think the defect should lower the value. That may not be current policy.
I don't know that you need to conceal the identity of your coin. I'd like to see it if you want to post photos; if not, no problem! Hopefully you'll get it in to the slab of your choice, regardless.
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New Member
 United States
46 Posts |
nolawyer: I stand corrected about NGC's detail policies, then. That's a point in NGC's favor, considering my opinion of PCGS Genuine slabs. Jaobler: I'll do some research on their sites and see if I can't come back with a more solid understanding of their policies. I'm not sure about ANACS's current method (details grade + net grade vs. details or net only) though I recall my closest dealer having a slabbed 1803 cent graded ANACS VG-8 Details with no other grade, only a description of its problem. The coin was in the most recent style of ANACS holder, if this information is at all relevant. No need for secrecy, the coin in question is an 1838-O no stars Half Dime  I'd post photos except that it's safely stored where I can't easily reach it. Though, just to give a (fairly accurate, as it turns out) illustration of what it looks like, I took an image of an AU '37 no stars from ebay (no 38s near the condition of mine for sale) and photoshopped in the damage. Here's what it looks like:  Looks like I'll either be going with NGC or ANACS on this one then. I'll just have to consider pricing (NGC will obviously be more expensive) vs. how much value each slab will add (or detract? Is there a possibility that it would command more money raw? I'm scared of sending it in and it coming back VF details just for the weakness in ER.) Edited by pierrot
05/10/2010 02:23 am
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Moderator
 United States
23522 Posts |
Essentially, none of the arguments "against" will hold much water with a coin of this stature. The coin will define itself; your best contribution towards marketability would be the most accurate photographs possible. Your potential buyer audience will be folks who know the series well, they'll want the slab for authenticity confirmation and beyond that they'll come to their own conclusions regarding quality. The possibility always exists that the coin will end up in a righteous slab, anyways. |
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New Member
United States
14 Posts |
I would not send to PCGS. I've had nothing but problems with there grading and in the end what use is no grade. You paying good money for them to say not gradable and kee your money. I bet if they had to return your money there would be alot more coins coming out gradable.
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Replies: 5 / Views: 5,424 |
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Posted 05/10/2010 01:08 am
