Edward I hammered penny graded by NGC

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But its not. While the grades may be similar, there is one major discrepancy. US grading assumes you give a pass for weak strikes, worn dies, etc. In ancient grading at least this is not true. If a coin leaves the hammer a F because of a bad hammer blow, its a F or worst forever. US grading assumptions would say that coin is mint state, (poor and offset strike). Its a very major disparity, and one you cannot overlook. I will not speak to medieval coins since I do not know their grading methodology.

HUGE difference, and one that leads many NGC ancients to be vastly overgraded.

 

to slab a medieval or ancient coin is terrible, i have coins in my collection well over 2000 years old and they are in superb condition with just being stored in trays and being kept in a dry and stable atmosphere. what putting them in plastic will do will not be known for a long time as davey said, i just think that U.S collectors are being ripped off by people only intent on making a fast buck and i have read many stories on here where the grading companies have got it wrong. come on guys do as we do, grade them yourself with the aid of a good reference book, and store them in a way that enable you to hold your coin and feel it's history, and admire it's beuty without the distortion of a plastic box. i have just sold my civil war collection for in excess of £450,000 and none of them were slabbed!!!

 

i thought gVF was higher than VF25.

 

Ok, if medieval collectors like the OP grade their coins based upon modern grading systems then I wouldn't have a problem. I admitted I didn't know what system they used. It would seem funny if they didn't use the ancient system, since their coins are struck just like ours, as opposed to modern grading assuming machine struck coins, but if they do they do.

 

Because the grades are applicable to any coin?

It's just like using 14k to indicate 50% purity of copper.

 

I do wonder what the long term effects of slabbing will be on our hobby. Especially as slabs are currently wrapped around a significant portion of the high end coins. It could be that slabs cause damage to the same degree as coin trays did in the 19th century (the reason that many high-grade coins collected in that period have wear on one side is due to friction as they rubbed against the felt surface).

But, all told, slabs may offer superior protection to most other storage techniques. There's not much that a 5-year-old grandson can do to a slabbed coin. And slabs do a very, very good job of protecting against a burst water pipe or spilled coffee mug.

 

Well said

 

I hope you didn't pay too much for this.They are still coming out of the ground and are cheap as chips.Forget EBAY and buy from detectorists.£20 would be too much.

 

Yes these coins are common, not so common in this condition and personally I think it is worth more £20.

I detect and if I found this coin in this condition I wouldn't be selling it for £20 thats for sure.

 

you nighthawk... be honest

 

I would sell it for more than £20 lol

 

and by the way it is a very nice coin Assur

 

Originally Sheldon only meant the scale to apply to US large cents, but it's been expanded to all other US coins, foreign coins, many tokens, ancient coins, and even paper money. It's not strictly a system for US coins anymore and hasn't been since the major TPGs started grading foreign and ancient coins.

 

the major tpgs don't apply their guarantee of authenticity to foreign and ancients, yet the grading standards do apply?

 

If anyone nighthawks should be neck shot.The history should be foremost rather than treasure seekers.I cannot believe some of the Ebay finds appearing.

 

Our window cleaner gave me 6 bronze Romans to ID.I managed 4.He then told me he Night hawked....he no longer cleans our windows.