NNC ?? 0

[LDH Coins & Memorabilia]

Hello all, another newbie question: I have seen some coins I want that are graded by NNC. Thoughts or opinions of these coin in comparison to the big 3. I'm not asking for an endorsement or rebuke of NNC just would a coin possibly sent for crossover (I wouldn't keep in NNC holder) could grade reasonable close? I realize I'm buying the coin and not the holder (and the.additional expense of cross-over). Thanx in advance  

[RWB]

If you are not sure, ask for help from someone with more experience grading coins. There are good reasons why NNC grading is not accepted by ebay and others.

[Mohawk]

On 9/8/2021 at 6:52 PM, RWB said:

If you are not sure, ask for help from someone with more experience grading coins. There are good reasons why NNC grading is not accepted by ebay and others.

Roger is absolutely correct with his assessment of NNC.  If it were me, I wouldn't expect a coin to grade anywhere close to what NNC called it if sent in to NGC.  I knew a couple buyers who tried it when I worked at the brick and mortar (we didn't sell them the NNC coins.  They got them somewhere else) and it didn't work out well for either of them.  If the grade is important to you with the coin in question, I'd definitely pass on anything in an NNC slab.

[Coinbuf]

On 9/8/2021 at 4:32 PM, Mohawk said:

Roger is absolutely correct with his assessment of NNC.  If it were me, I wouldn't expect a coin to grade anywhere close to what NNC called it if sent in to NGC.  I knew a couple buyers who tried it when I worked at the brick and mortar (we didn't sell them the NNC coins.  They got them somewhere else) and it didn't work out well for either of them.  If the grade is important to you with the coin in question, I'd definitely pass on anything in an NNC slab.

Good advice and info in this reply, there are as with anything exceptions.   About three years ago I bought 89-90 NNC slabbed Lincolns from a local dealer with the intention of cracking those and putting them into a nice capital coin display I had purchased previously.   All the coins were graded as MS68 or MS67 and all were nice red no problem coins, in reality most were really MS64 or MS65 which are still very nice coins just not good candidates for grading given the value.   These were cents from the early 1930's thru 1958 mix of dates and mintmarks, I paid anywhere from $.50 to $3 each; essentially what nice BU cents would cost.   As I sat down and reviewed the coins I found three that stood out and I eventually sent two of those off to PCGS, one graded MS66RD and one (1938-D) graded MS67RD.   The third I still have in my should I send or not pile and maybe one day I will, the point is that you should expect a very high percentage of NNC graded coins to grade much lower or; and this is the real issue; to have undisclosed issues like cleaning.    Like anything you can find a gem or two in these holders, but you will have to search through a ton of them to find those few.

[Mohawk]

On 9/9/2021 at 1:56 PM, Coinbuf said:

Good advice and info in this reply, there are as with anything exceptions.   About three years ago I bought 89-90 NNC slabbed Lincolns from a local dealer with the intention of cracking those and putting them into a nice capital coin display I had purchased previously.   All the coins were graded as MS68 or MS67 and all were nice red no problem coins, in reality most were really MS64 or MS65 which are still very nice coins just not good candidates for grading given the value.   These were cents from the early 1930's thru 1958 mix of dates and mintmarks, I paid anywhere from $.50 to $3 each; essentially what nice BU cents would cost.   As I sat down and reviewed the coins I found three that stood out and I eventually sent two of those off to PCGS, one graded MS66RD and one (1938-D) graded MS67RD.   The third I still have in my should I send or not pile and maybe one day I will, the point is that you should expect a very high percentage of NNC graded coins to grade much lower or; and this is the real issue; to have undisclosed issues like cleaning.    Like anything you can find a gem or two in these holders, but you will have to search through a ton of them to find those few.

Wow, Coinbuf....you did quite well with those NNC coins!!!  That really does seem to be the exception to the general rule.  The customers at the shop I worked at had both bought NNC Morgan Dollars.  It was almost 10 years ago now, so I cannot remember the exact grades involved, but they got absolutely killed at NGC grade-wise.  

[Coinbuf]

On 9/9/2021 at 11:03 AM, Mohawk said:

Wow, Coinbuf....you did quite well with those NNC coins!!!  That really does seem to be the exception to the general rule.  The customers at the shop I worked at had both bought NNC Morgan Dollars.  It was almost 10 years ago now, so I cannot remember the exact grades involved, but they got absolutely killed at NGC grade-wise.  

Junk slabs are a treasure hunt but you really need to know how to grade the coins to have any chance to succeed.   That dealer had close to two hundred of these that I picked thru you should have seen some of the junk I rejected.   AU and spotted low end UNC's that were still graded by NNC as MS65 or better.    I should take a photo of that capital holder some day, all the cents are still nice and bright BU's and look great in the display.

Edited September 9, 2021 by Coinbuf

[Mohawk]

On 9/9/2021 at 2:36 PM, Coinbuf said:

Junk slabs are a treasure hunt but you really need to know how to grade the coins to have any chance to succeed.   That dealer had close to two hundred of these that I picked thru you should have seen some of the junk I rejected.   AU and spotted low end UNS's that were still graded by NNC as MS65 or better.    I should take a photo of that capital holder some day, all the cents are still nice and bright BU's and look great in the display.

I know I'd like to see the coins in the holder, Coinbuf.  I think a lot of us would.  And you're right.....there are treasures to be found in junk slabs, but you have to sift through a ton of garbage to find them.  

[LDH Coins & Memorabilia]

WOW thanx for advice. Saved me a lot of money getting coin at a good price then paying  for the ultimate let down of much lower grade at cross-over. Thanx so much fr advice.  

[Louis Jarvis]

This is an amazing and informative article that covers so much ground.  

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[RWB]

On 9/8/2021 at 6:47 PM, LDH Coins & Memorabilia said:

NNC

"NNC" seems to stand for "Not Nearly Certifiable."

Edited August 24, 2023 by RWB

[VKurtB]

I ONCE (one time only, out of hundreds) found a Franklin half UNDERGRADED by NNC, whoever they are. I cracked it out and sold it raw at a grade HIGHER than NNC had on it. It was a gorgeous piece. Bottom line: NNC is incredibly inconsistent, and the grades are given by people who have no idea what they are doing.