Speedy

Lately from what I hear and what I'm seeing ANACS is falling from that trusted plain they were at---and rightly so IMHO....with their new holders and new overgrading....
I'm just glad that Taylor and some of the others left as many they will tighten back down.

Speedy

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Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

900fine

How many people would lay down $2000 for an unslabbed coin in this age of TPGs ? Some, but few. Offering a high end piece unslabbed means you're drastically diminishing your potential customer base - cutting it by 80% (?).

That's particularly true of an unusual piece such as the Territorial Gold here.

Beyond any question, send it to NCS or ANACS. I've been very happy with ANACS' customer service.

I empathize with what you went through. I'm honestly sorry it happened.

Midas

I know not everybody has the luxury of doing this, but IF you can bring your raw coins, or those that you are thinking about buying/slabbing to a major coin show like F.U.N. or the A.N.A., DO IT!

At the show site, you will get a quick, non-binding, opinion (grade) on the coin from the likes ICG, ANACS, NGC amd PCGS. Of course they want you to submit coins to them, but save yourself the headache, embarassment, and COSTS right up front.

They will give the coin a quick look over (under the loop) and you might here: "63, 64, 64, cleaned, 63, whizzed, 63, damaged/scratched, 63, 62, dipped." Just imagine if you shelled out $30/coin (not including S&H) to get these coins graded and $120 of what you paid gets "body-bagged".

It makes you want to scream, but that's how it goes sometimes!

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“It's what you learn after you know it all that counts.” - John Wooden

CentDime

I can see why they didn't slab your coin, but I also think they should have cut you a price break. You should email them and explain the situation and see if they will lower the price.

Jim M

I just dont get it. Why do they not go ahead and slab the coin regardless of what their opinion is? If its a fake, note on the holder, its a fake, if its cleaned or whatever put it on the holder. At leaset that would stop all disputes. I recently sent a 1909SVDB in, it came back body bagged from PCGS. I have since taken it RAW to a few shows and EVERY dealer I have shown it to is interested in buying it as real. I tell them its fake and move on, they dont care. I have yet to have a dealer tell me they think its a problem coin. It does look good I have to admit. HOWEVER, had PCGS slabbed it as a problem coin the chances of it getting back into mainstream I would think would diminish. I still have it, been tempted a few times to let it go to one of the dealers but never will. I dont want somebody to get burned on the purchase.

GDJMSP

Just curious, what was the code on the body bag ? You say you tell the dealers it is fake - there's quite a difference between a fake and a problem coin - is it fake or just a problem coin ?

By the way, I disagree that the coin being slabbed diminishes the chances of it being sold again - I think it does just the opposite. There are far, far too many people out there who only buy the plastic. They'd see that PCGS slab, a low price and buy it in a heartbeat. Only later, when it's too late, would they discover they had a problem coin.

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Jim M

The coin is a fake, the S was added. This one will not get out into mainstream, its now in a 2x2 here labled for what it is. Actually I am thinking I will send it to the ANA for their use in detections. Doug, most people are under the impression that all of the fake coins are being made now or atl east in the last 5-10 years. This coin was in a collection and hadnt been looked at since the early 70's. There are some really good counterfiets out there in the SVDB, this one has the dip in the O in ONe, the two die gouges etc.. The only thing I see on it is the S seems flat and thats how it came back body bagged. Added S, I dont recall the code number they designated to it however.

I really dont think that "most" dealers care if its real or not to be honest, they can turn it and make a profit, Like the person who I bought this from, 30 years have gone by, The dealer has been deceased for 10.

There is a dealer near here that has one that he tried to sell me about 2 months ago. XF45, nice looking coin, BUT... it has this same flat mintmark. I turned it down adn told him to send it in, It comes back clean its sold. He sent it in, came back bad (As i suspected) he still has it in his showcase for sale RAW. When I asked him about it he said, OH, I will tell anyone who asked about it that "I THINK THAT ITS A COUNTERFEIT" We had some words when he said that to me. But thats another story..

Jim

Speedy

Jim
Is that the S VDB that you posted photos here that we pegged as fake?....if not how about some photos??
Maybe the grading company messed up----I know that can happen.

Speedy

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Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

cwtokenman

If NGC decided to upgrade your level of service (or even if they talked you into agreeing to it) and charged you for it after you had indicated a different level on the submission form, shame on them and I feel you are rightfully upset over their actions.

I would also be upset about the bodybagging as they have slabbed other coins with more severe problems than yours! (Just read the descriptions of some of the NGC and PCGS slabbed rarities on the 'net such as 1804 dollars, 1894-S dimes, etc.) That is just one of the problems I have with tpgs in that they seem to have no problem breaking their own policies when it suits their fancy.

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GDJMSP

That's what I wanted to know

I agree with you about the dealers, all too many of them will sell a coin like this in order to recover their own losses. And any way you look at it - that is just wrong. I will also say however that a great many dealers lack the knowledge to be able to identify an altered coin like this - they are taken in just like everybody else. Too many of them don't know as much as they think they do.

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Speedy

I agree Doug---I trust my dealer on almost anything---but when it comes to ID'ing alered coins I don't as much---I've seen some 1932-D Quarters that I'm sure were added MM and he disagree's---and other such things...

Speedy

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Coin collecting is the only hobby in the world that you can spend all the money in the world and still have some left over

Jim M

Thats the one!