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 Replies: 21 / Views: 3,251 |
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Pillar of the Community
United States
4000 Posts |
Got an opportunity to buy 7 Blue Ikes and would like your thought. His words: "Five of the coins are ANACS graded with grading certificates and photos (pre-slab) when coins were split-graded. Here's the breakdown: 1971-S MS 65/65 $15 1973-S MS 65/67 $15 (do these get "net graded at MS66?, my words) 1974-S MS 65/65 $15 1974-S MS 67/67 $30 1976-S MS 67/67 $35 The other two coins are both 1972-S; graded by me as MS 67 with one of them possibly an MS 68." Both of these are also $15 each. Look down, look up, back to me: I did a closed listing search on ebay and seen them selling for $10-12, but these were all in the original packaging so I'm assuming people were just bidding BU. Kind of surprised me with current melt hovering around $9.50. |
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Pillar of the Community
United States
602 Posts |
What? Man, that sounds like a score to me. Are you kidding? That never happens to me. But you deserve it Scoob. WOLF
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Pillar of the Community
 United States
4000 Posts |
I've learned a little bit about "grading certificates and photos (pre-slab)". Sounds like photography was part of the grading package back then?
And what about the 1973-S MS 65/67 split grade? Is MS66 used as an "average"?
Edited by Scooby Due
01/13/2011 01:50 am
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Pillar of the Community
United States
602 Posts |
I'm thinking the split grade is 65 for the obverse and 67 for the reverse otherwise they would just plain call it a 66. WOLF
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Bedrock of the Community
United States
14454 Posts |
well usually the Obverse will cary most of the load but if the Reverse is 2 points higher than the Obverse it may net it to 66. Back in the 80's when ANACS did the photo packets they graded Obverse and reverse separate so today it may be called a 66 instead of splitting them up like that
On a second note, Scooby, My daughters envelope arrived today but I am waiting for her to open it so its still sealed on my desk. I want to say thanks again for that
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Pillar of the Community
United States
4000 Posts |
My pleasure Bryan. I hope she enjoys it.
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Pillar of the Community
United States
4000 Posts |
Wow, 2 whole Ike fans. Nice!
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Pillar of the Community
United States
2424 Posts |
im just learning about them. got my first ike for christmas from my wife. a nice choice BU 72-s that is sitting in my 7070
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Moderator
 United States
187671 Posts |
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Pillar of the Community
United States
2661 Posts |
Quote:
Wow, 2 whole Ike fans. Nice! Quote:
What am I, chopped liver? Yeah and you make this post after I went to bed last night. I had to wait till I got home from work to read it. So I say heck yeah! Grab them puppies up at $15 each, I sure would. It would cost that just for the grading fees. |
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Bedrock of the Community
United States
19931 Posts |
Slabbed for $15 each....BUY!
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
4000 Posts |
Well, he wants more than $15 for the MS67's which is understandable.
I'm more intrigued with the old school aspect of it now. With the photos and the split grading.
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Pillar of the Community
United States
4000 Posts |
I went to pick up the Ikes last night and they are gorgeous! However, how do they guarantee authenticity under this type of system?  I mean, I have their picture and the "flip" with the corresponding serial number, but the coin is just sitting in a little baggy and could be taken out and fingerprinted if you wanted to. What's to keep someone from swapping it out with another coin? Or was this back in the day when you could trust people and leave your car and front door unlocked? Another interesting note is that they put who the coin was registered to as if they would never change ownership.  Edited by Scooby Due
01/14/2011 09:22 am
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Bedrock of the Community
United States
12437 Posts |
As odd as it may seem in this age of widely disseminated counterfeits and counterfeit slabs, the coins were just simply placed in a baggy and the photographs were the guarantee of authenticity. With a photograph from the time the coin was submitted, you match markers from the coin to the photo and it should be apparent if the coin is still in the same condition or even the same coin.
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Moderator
United States
187671 Posts |
I agree with bio. The pictures are you guarantee.
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Bedrock of the Community
United States
17884 Posts |
Yep, that was how it worked. They are actual photos so you can use a magnifier on them and match up th tiny nicks and marks on the coin to the photo to prove that it was the same coin. The problem was too many people were just too trusting and the WAS a thriving market in ANACS certificates back then. Dealers would submit a genuine piece multiple times and then sell the certificates to other dealers who had slightly lower grade coins or even counterfeits who would then use the certificate to sell their coin. Too many collectors who would buy the coin and assume the authenticity or grade just because it came with a certificate and they wouldn't bother to make sure the coin an the certificate belonged together. I remember back then listening to dealers at a show. One would come up and say "I need a certificate for a VF 14 D cent". The other would pull a pile of certificate out of his case, flip through them, pull one out and sell it to the other dealer.
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Replies: 21 / Views: 3,251 |
Posted 01/13/2011 01:49 am
