Can somebody post....

[Bruceswar]

Either the NGC or PCGS Grading standards for the Lincoln Cent... I got to 1914 D that may be worth sending.... Thanks in Advance..

[MAULEMALL]

Throw up a pic.

[Bruceswar]

OK .. but let me warn you think pics are not great....

[Bruceswar]

Back.... It Has full lines on the wheats...and the heads are almost spotless.. tad of wear on them mabye..

[RobertB]

I'd send it in. Pintures are fuzzy, but looks like a solid coin.

[Bruceswar]

I was thinking I might just do that..... its a key date... and from what I have seen mabye even about a VF 35... Now the question is who to send it to....

[gmarguli]

The reverse picture is too bad to grade the coin from, but just looking at the obverse I think VF35 is low and I wouldn't be surprised if it came back AU. However, that is going off the obverse only.

 

It's a key date and graded slightly easier.

 

Send it to NGC or ANACS. I'm 100% convinced that you cannot send a coin to PCGS unless you are in favor with David Hall.

[Bruceswar]

Which do you think would be Better.. I have sent some to ANACS.. never sent to NGC... .. and after looking at it with a 20 power loop or it is loupe? there is one wheat head that is almost all seperate.. but the other like 3 touch in a row... All the lines in the wheats are 100% there so... But I am going to submit it soon... Thx.

[gmarguli]

Which do you think would be Better.. I have sent some to ANACS.. never sent to NGC... .. and after looking at it with a 20 power loop or it is loupe? there is one wheat head that is almost all seperate.. but the other like 3 touch in a row... All the lines in the wheats are 100% there so... But I am going to submit it soon... Thx.

 

It's loupe.

 

Where to send it? Well, return S&H will be about the same. For ANACS you can do the economy tier at $12 and wait 6-10 weeks. You can use the express tier at $20 and wait 5 days. For NGC you can use the regular service for $28 (10% off if you use the online form) or you can use their economy for $15, but there is a minimum of 5 coins.

 

Personally, I'd go with NGC since I think the resale value when you decide to sell it will be better in an NGC slab. However, the ANACS slab isn't looked down upon or anything like that.

 

If you're not a NGC member or want to use the economy tier, but don't have the 5 coins, let me know and I'll be happy to submit it for you on one of my future submissions.

[Bruceswar]

Thanks for the info

[BillJones]

It's a key date and graded slightly easier.

 

Yes, sadly that is true. Key date circulated coins do get higher grades from the services than they deserve in many cases.

 

In the old days that practice was frowned upon , and was called "chestnut grading." Honest coin dealers used the same standards for all coins. Crooks played the rarer it is the loser the grade game. Today "chestnut grading" business as usual at for the slab companies.

 

Grading standards can be adjusted for strike and die state, but they should be never be lowered because a coin is rare. Rarity raises prices, not grades.

[James_OldeTowne]

Bruceswar, I think your coin is AU or better! It looks genuine too. Congrats!

 

James

[JadeRareCoin]

Key date circulated coins do get higher grades from the services than they deserve in many cases.

 

I will never, ever, never, understand this logic. A great example is the EF-40 1804 Dollar that magically found it's way into a PCGS AU-58 holder. 18 point grade bump.....just because of the date.

 

On a less publicized level, grading inflation is rampant amongst the early Federal issues. I can't believe how many MS-65 and MS-66 bust dimes, quarters and halves that I am seeing slabbed lately. Some of the MS-65 bust dimes that I saw at the ANA were barely even uncirculated.

 

At the St. Louis show, a vest pocket dealer walked up to our table to sell us an Eliasberg bust half in MS-65. I called James and another dealer over to look at the coin. We had a great laugh and then the guy grabbed his half and left the table. In hindsight, that was probably a bit rude on our part, but if you saw this supposedly "MS-65" half you would have cracked-up (or thrown-up). It had RUB in the fields and on the devices. The luster was subdued and it was not attractive. My grade? AU-58. Just because it was an Eliasberg coin, they felt it worthy of a lofty grade.

 

The biggest abuse of grading inflation for early coins is draped bust dimes, imho. What's the SHAME in calling an MS-61 1807 dime "MS-61"?? Why does it have to be MS-66?? I have said before that I don't think that any draped bust dime would grade above MS-63. At least the ones that I have seen.

 

Maybe I am sadly mistaken, but I think that grading standards should be FIXED for all series (1792-2003) and should not be adjusted for the age of a coin, the rarity of the date, or because some famous collector once owned it.

[gmarguli]

I do believe that grading standards should be looser for older coins. Note, I did NOT say key date coins. However, the grading services have pretty much graded most of the early coins and now they have to loosen up a bit to get those coins graded again.

 

The problem with calling an 1807 MS61 Bust dime and MS61 is that lots of ego driven people don't want to own a coin like this. MS61 is something the common people own. It's an ugly coin. It is not something that I, the great master collector who is very rich and thinks ever so highly of himself, will want to own. Now, put that same coin in an MS65 slab and I'd be happy to own the GEM coin. I only collect gems.

[Oldtrader3]

As others have said before, some TP Grading Services lose much credibility when they start warping their grading standards for rich, important collectors. I realize that certain services (and managment individuals) could'nt care less how any of we plain folk feel about this phenomena. However IMHO, it sullies the whole industry and (I'm sure) makes many new collectors wonder if the coin collecting industry is, at least partially, a house of cards or even a con game.

[JadeRareCoin]

makes many new collectors wonder if the coin collecting industry is, at least partially, a house of cards or even a con game.

 

Oldtrader, the slabbing industry gave con men a very ripe vehicle for con games, thus tainting the hobby. Fortunately, there are still many honest dealers and collectors around to make it a fun. As long as you don't mind swimming in an ocean filled with sharks, this is a fun hobby.

[Bruceswar]

Yall really think this will grade that high??? I bought the coin as VF + (traded some silver I had picked up... about $200.00 bucks worth or silver coinage ... plus alittle cash... The guy I deal with is pretty tough on coins.. which I like... but I am going to submit it soon and will let you know what grade it comes back when I get it back...