And the Crackout results are in...

Figured I would break up the dichotomy of me always asking for advice (my apologies) and share my first crack out experience. It was quite scary cracking out the slabs as I have heard horror stories but these peices would not break my financially so I took the plunge. Economy submission was not my cup of tea though... took 30 days of turn around time.

The coins sent in were originally:
1891 $ raw
1832 Half cent Old PCI holder vf 25 bought it for the lovely toning at a steal..
1889 10 cent, not my favorite coin as its slightly washed out but was in a ICG PR63
1881 raw with great rainbow toning on the back
1922 red and orange toning ANACS new holder ms62
1924 beautiful red toning/ orange new anacs ms64
1889 Ms65 Morgan dollar new anacs

And the results are.... posted in the photos, I have also attached the true view of the peace and half cent. Let me know what you guys think, should have them back in person monday.

Hey Guys,

 

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Kinda confirms my beliefs that anacs (along with a few others) can actually undergrade sometimes. You can find some gems for a great price if you look.

 

I think I've had fairly good luck with cherry picking, but it does require a lot of time. Ebay is a plethora of shotty photos, especially with morgan dollars. the majority of these coins came from coin shows or private sellers. I was kinda thrown by the ms62 to a 65 and. The bust i figured would upgrade but night two whole grades. Regardless I was just in them both for the color, will probably end up selling the 1889 and 91 as If i do have morgans I only collect ones with exceptional eye appeal, toned, dmpl, etc.

 

It's not that unheard of. Ive had a coin go from a 40 to a 58 with them. They have some wild inconsistencies that do present good picking opportunities if you look around enough.

That bust was never a 25, PCI gooned that coin the first time around whether or not it had that color at the time.

Congrats on a job well done.

 

Congrats, especially with that 1832 half dime! It's amazing that PCGS doubled the PCI grade.

To be fair though, PCI really threw it under the bus with that grade.

 

Thank you guys! With some of the recent luck I have had with coins coming back as "artificially toned through them" I was not expecting much on this lot (and reading all the horror stories about crack outs being body bagged). Ever since I got into coin collecting I have always sought out the old pci green holders, but lately there appears to be alot of fakes going around....

 

Also forgot to mention that 1889 was originally in a capital holder graded ms64 so I search for those as well from time to time

 

Great Testament to ANACSs grading abilities.

OR

Great Testament for the PCGS love for toning. VF25 to AU50? Seriously?

 

Good job. I'm really surprised they didnt qc at least one of them but who knows. I've had anacs holders upgrade quite a bit. I've also had them come back cleaned or altered surfaces

 

Agreed

 

WOW.. holy moley, crazy bananas batman. I'm gonna need to drink this in. I'm dumbfounded. Good for you!

 

I think Old PCI = 25, new PCGS = 50 kinda says it all about the modern slab game to me.

 

The more ANACS coins I look at the more I like them .

 

Agreed. There are lots of nice coins in ANACS holders.

 

That coin is nothing more than an example of poor grading skills by PCI, which is one of the reasons they went out of business.

 

These are the results of good purchases and should be an education for those that see this thread. I generally stay away from saying "buy the coin, not the slab", but you've don't it right. Can you please me with an image of the PR-63 -10c? I'm a sucker for cool proofs.

 

I own quite a few AU bust half dimes, and that coin is an XF. Its not AU in my book in any way. Maybe VF35 was a touch harsh, (I don't know if it retoned in the holder, if there are hidden scratches, etc), but AU is simply unacceptable to me as a grade.

 

Thanks for the compliment Kirk. I personally do not find the proof as appealing as some of my others as it's slightly washed out but when I get it back on Monday I will most definitely post it. I actually dislike the "buy the coin" saying as well, but in a lot of cases it's the best bang for your buck. This isn't always the case though, they body bagged a few crackouts of mine that anacs previously said were good.

 

You absolutely can find good coins in any holder. For some holders, it takes a little more time, knowledge, and searching - but when you know what you are doing, it is possible. This speaks absolutely nothing about the average level of ANACS or the accuracy of their grades - it speaks entirely to the skill and knowledge of the OP.

 

Why avoid the "buy the coin not the slab." Isn't this clearly an example of someone buying coins based on the coin's merit?