1864 L MS 65 RB S-11 Attribute Questions

I have a ANACS graded 1864 L Indian Head Penny, graded at MS 65 RB. It's attributed as S-11, and is the single best condition one on the planet with this error attribute.

First question: I know the holder uses an older style of ANACS grading. Should I consider getting this re-slabbed with their new Clearview holder? If I do, will they re-grade the coin before they slab it? Or will they just keep the grade + attribute it was assigned with? I'm considering this because it's in an older case, plus there was no image taken of this coin on the ANACS website.

Second question: I attached pictures, please look at the coin closely. It was graded as RB, red and brown. From what I can see, it is almost all red (not bright blinding red like modern copper coins, but definitely a red). If I get this re-grade with ANACS, how likely is it I can get the grade of Red with this coin? I know red carries a HUGE premium over red brown.

Third question: If I get this re-graded, and they find out that the condition is worse (which I doubt), that it is graded at, will they automatically assign the new grade? Or can I keep the old grade?

Fourth question: If i send it in to get it re-slabbed with the updated holder, and get a picture taken for their database, will it just cost me just the 10 dollars for re-slabbed + 3 dollars for picture? Or will I also have to pay that grading cost at the very top?

Trying to understand the process behind ANACS. Help would be greatly appreciated!

 

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I'd leave it as it is now.

 

I would also leave as is.

 

Same here the holder is sought after especially with a beautiful IHC.
The coin no doubt exhibits the brown. And it is quite nice to see that it hasn't gone to deeper tones.

 

Okay, I'll keep it as it is in the slab. Thank you very much

 

Good choice. Remember, a RB coin in an older holder means much more than in a new one. It tells us that the Toning is generally stable. Plus those holders are desirable.

 

Thank you, I'm really glad to hear that! I was quite worried about if I should re-slab it or not. I was unaware the holder was desirable.

 

At PCGS alone there are 18 coins grade higher. 2 in 66+, 13 in 66, and 3 in 65+.
Still a very desirable coin.
NGC has 22 in 66

 

What he meant was, it is the highest graded example of the variety. And he is correct on that count, as far as I can tell.

Yes, the small, old ANACS holders are considered far more reliable and accurately graded than modern ANACS. Definitely desirable from that standpoint.

However, the older holder is particularly desirable for copper coins, as alluded to briefly above. Copper is one of the more unstable coinage metals, and a red or red-brown coin can quickly turn in the wrong environment. To see a coin that was designated as red-brown in an old holder like that means that the coin is probably stable. Buyers will be less afraid of it turning brown.

Point of technicality - this is a variety, not an error. A variety occurs on the die (all coins struck from this die have this variety). An error occurs on a single coin (only one coin will have that unique error).

As for the designation on your coin, the obverse looks quite red. However, there is enough brown on the reverse for the RB designation. I think it is correct (you would not get RD on that coin).

 

Yes, that is exactly what I meant. I'm unaware of variety count for pcgs and Ngc, I can just see population stats on ANACS

Glad to hear that, I didn't realize their older slabs were considered more reliable. I thought it was the other way around, which was why I was tempted to get it re-slabbed.

I definitely understand that. As being slabbed for many years, one could see if the luster has changed.

Thank you for the correction. I understand what you are saying. I'll correct my post!

Okay, thank you for letting me know. I wanted to make sure I wasn't missing out on an opportunity to get it re-graded to red.

 

I didn't know you were referring to just ANACS.
Here are the PCGS and NGC populations.
http://m.pcgscoinfacts.com/Coin/Grade/2080/66Plus
https://www.ngccoin.com/coin-explor...909-pscid-17/1864-l-bronze-1c-ms-coinid-12079

 

I'm talking about specifically "S-11" variety.

 

My bad never saw the RPD I guess I need another cup of coffee.
I thought the S-11 was the L for some reason.

 

From Rick's book regarding the 64 L S11, "This variety seems to be only moderately scarce. A few are known graded as high as MS65RB."

 

Lol, it's totally fine. Easy to miss!

Yup. I got the book. The picture in the book was taken literally from this coin. I was just wondering if I should re-slab it, wondering if I could get from "BR" to "Red"

 

Looks like a solid 65 RB to me!

 

That is also designated on this slab. It says "Plate", which means its the "plate coin" in a standard reference - that is, this is the coin pictured in the book.

 

That is a killer coin. Leave the little darling exactly as she is!

 

I had no idea that "Plate" on the label meant that! I thought it was just a reference to variety. Thanks you! I knew it was the same coin in the book (by the pictures, and how there was only one of that grade known). Though didn't known it was directly referenced on the label.

I'll be leaving her as she is She truly is a beauty. Thank you!

 

Yes, for future reference, whenever you hear the term "plate coin" that means it is the pictured coin in a reference.

The term comes from the olden days when photography was quite a bit more difficult than it is today. Nowadays, we expect that any coin book will have hundreds of pictures. However, before the digital age, the photographs were all accumulated on one "plate." A coin book might have 10 or 20 "plates", each with dozens of coin pictures. So, a "plate" coin was one of the ones chosen for the book - usually because it was the nicest of the variety, showed the variety clearly, or was from a prominent collection which the author had access to.

Some collectors seek out plate coins, both because of the coolness factor and for the provenance.