Way overgraded, don't you think?

Received this 1934-S ANACS slabbed Walker with a "lot" of other low grade Walkers I won on eBay. I guess this was an extra thrown in... but I couldn't believe the grade it received. What would you grade it? And the second question... why would anyone slab a low grade common date Walker?

 

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Can't tell without seeing the reverse, but I'd grade it F-12.

There's no telling why people slab common stuff. I sold a common date Barber quarter (1908?) in an NGC G-4 slab.

 

Here's the reverse:

 

That's an F12 coin, looks like the usual $5 coin, wait, it's an S Mint in a slab, sorry, $7 coin.

In case anyone needs one, here's a great deal on a beauty!

http://cgi.ebay.com/1934-S-WALKING-LIBERTY-SILVER-HALF-DOLLAR-EXTRA-FINE_W0QQitemZ250346867991

Why do people slab them? No idea, but I have seen plenty of Standing Liberty Quarters in slabs, real rare ones like a 1925 in VG-8 or an F-12 1929.

Putting a common date circulated Standing Liberty Quarter in a Slab, $25.

Still having a $5 coin, priceless.

Some things money can't buy, but PCGS and NGC take MasterCard.

 

Given the reverse, I'm sticking with my original grade: F-12.

 

VG-10. Maybe F-12. I don't like that the right leg looks almost as worn as the left, some of the rim is starting to go, and the date is even starting to weaken. Plus, it's just overall a tad on the ugly side for a Walker.

 

f15/vf20 would not surprise me at all.

 

There's some feather detail left, some skirt lines and thumb is ok. I could easily see a VF20, maybe higher.

 

You never told us what they graded it as.

???:hatch:

 

That's a F-15 to my eye, and guess by the tone of the OP that NGC graded it VF.

 

A few reasons come to mind....

Because it has sentimental value.
Because they wanted to know what a TPG would grade it.
Because they wanted it for a registry set.
Because they wanted to protect it.
Because they joined PCGS and had a free grade coupon.
Because it was a quarterly special (i.e. free).
Because it's a rare variety none of us know about.

Respectfully...Mike

 

whoa, you can get a free grade coupon?? Does it cost money to join? I can't imagine it doesn't...

 

PCGS does quarterly freebies to members of their collector's club (I think that's what they call it) plus the first edition of their grading book had a coupon for one free grading from them. Of course, that book sells for $60+ these days but...

 

Well, here it is. I still don't believe it!

 

WHAT? Although based on the thread and all I am not surprised.

 

Just goes to show you even the top 3 get it wrong sometimes

 

I don't consider myself a huge grading expert, but come on! That is a F-12. What does a professional coin grader make per year?!?

 

or that the coin is honestly a VF. It doesn't look too bad IMHO.

 

Ef 48