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Sure wish I looked this good at "My Age"

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W.K.F.

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A "Cameo Proof" from my birth year...

Greetings Collectors,

I was just fumbling through a few coins when I came across this one. I actually own two examples of this date, and both are 67-Cameos by NGC. Now this is a series that those "in the know" would much rather have a PCGS coin because it's widely known they are "more strict" when it comes to grading cameos in general. If I were to send this exact coin to PCGS it's doubtful it would "cross". (For those of you that don't know, that means PCGS would probably "NOT" put this coin into a PCGS slab with a grade of Proof 67 cameo) While I do know a great deal about the Franklin series in general, the proofs have been alot harder to understand as to why one grader would call this a 67-Cameo and another would not. I own Cameo proofs from both of these top two companies and I have seen what appears to be "overgrading" & "undergraded" coins in both kinds of holders.

Having said all that, it just drives the point home that you would never want to buy any coin from the "top two" or the "top three" graders "sight un-seen". I know many collectors who do just that. They are of the mindset that an MS-67 "red" Lincoln cent is "THAT" grade if it has NGC or PCGS on the slab. This could not be further from the truth. Also that while older slabbed coins from PCGS (old green holders) and the old "6-digit" pre-fix numbers from NGC are sometimes under-graded and if "cracked out" could possibly jump a notch or two. This my friends is a "double edged" sword. Always you should "buy the coin" and not the "holder". (And as you read on, you should also leave the dam coin in the holder you bought it in)

I know this all too well as I just got a 4-coin group back from NGC that were all "cracked out" of holders that I purchased them in, the reason being that they were all vastly "under-graded". Well, two of the four were in "Old Green Holders" from PCGS and the 3rd was previously in an old "6-digit" NGC holder and the 4th coin in a 1st generation Anacs holder. Both PCGS coins came back with one being "improperly cleaned", the 2nd was labled "obverse improperly cleaned" The previous NGC holdered coin came back "obverse scratched" (this scratch was more of a small "nick" and what 120 year old coin made of... duh... soft gold with "Unc details" doesn't have a nick/scratch or two?) The last coin that use to be housed in an "Anacs" holder said "Unc Details" but was "purple holdered" due to "residue" (this is a new one on me???).

Each one of these coins were in holders that previously said they were from AU-58--MS-61. All were minimum "solid MS-62's) and one, the Anacs coin was a solid 63 that should have been worthy of a star or a future "CAC" sticker. Anyway this was a "major burn" as far as I am concerned. None of these coins had any problems and I am "dam sure" none have ever been cleaned. I know what a "cleaned coin" looks like. I will say this that as soon as NGC started this "Details grading" every one of the graders there are too dam quick to "purple slab" a coin. I can't begin to express how disappointed I am with the gang in Sarasota. I love the girls down there but henceforth I will have nothing else to do with the graders. These coins in question have been submitted twice with my thoughts being that the grader that looked at them the 1st time had to be on a particular type of drug and on this last submission, I even included a long note with the inserts from the original slabs for whatever they would be worth but "NADA". Still the same old blanket "improperly cleaned" crapola. Now had these 4 come back the same grades as before, yes I would have disagreed and been disappointed but not pi----. I would love to just get 15 minutes with the grader that looked at these and then another 15 minutes with the person who supposedly looks to see if he/she agrees with the grades given. I have never felt this way before towards NGC. The first time these coins were submitted, I just blamed it on an insufficiently_thoughtful_person. Now its happened for the second time with the same coins, it's borderline insane. There are even differences as to what was cleaned (the whole coin or just the obverse???) and now the residue coin was labled with a different problem than before. Absolutely "no consistancy". After I received them back "purple holdered" the 1st time I took them to two very old time dealer friends (one who has had a large coin shop since the 50's) who have forgot more about grading and "cleaned coins" than 95% of the graders in the business today even know, and "BOTH" said from what they could see, the coins were not cleaned & I got "robbed". I don't know if this post will even be up long but I wish someone would contact me concerning these 4 coins, but I sure don't feel like re-submitting them again to the same grader/graders for the 3rd time. I think it's time for a new "set of eyes". In addition, I have, in the past, submitted two pre-1908 $2.50 & $5 Liberties which came back "improperly cleaned" and then by accident the same two coins were part of a later submission, and both came back in regular slabs with grades of 61 on one and 62 on the other?? Go figure??

Anyway I'm done with my rant but I still don't feel any better. In closing I just wanted to share a beautiful job on grading that NGC "use to do". I was born the year this Franklin was struck and I only wish I looked this good at 56. I blame my looks on too much "salt water" & too much "sun". Or maybe I should say "TOO MUCH RESIDUE". Happy Collecting to the lot of you...

WKF

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