ANACS slabbed 1945-S Lincoln Penny

Is it just me, or is $5 for a MS-65 a bit ridiculous?

I bought my first coin in an ANACS slab today, and I'm curious if there's a way to check the population report. This is a fairly common date, so it's a little odd that someone would put this in a slab at a minimum cost of $19.

It always makes me scratch my head when I find a coin available in a slab for less than it costs to have it graded. Have you ever bought a slabbed coin for less than the cost of having it graded?

Anyway, I didn't have any high grade Lincoln's to use as grading guides, and I'm going to look this over closely to see if there are any mint mark errors.

For crying out loud, there are 4 pages of S/S varieties listed on Coppercoins! http://www.coppercoins.com/diesearch.php?date=1945&page=4

 

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Maybe someone sent it in thinking it was a 66 and maybe it could make a 67? Then it comes back as a 65?

 

Even in MS-67, is there much of a premium for a 1945-S?

Well, how does ANACS typically grade relative to NGC or PCGS? This looks like an older slab (number 1410414) and it's possible that it would grade higher. At those grade steps, it seems like any submission is a crap shoot. I'm not tempted to resubmit it, just curious.

 

I have bought a lot of slabs at less than submission costs and I suspect many on here have. It's hard to say what the story is behind it, but KenKat may be right about it just not getting the grade that the original submitter thought it might. I just saw a 1955 S in a PCGS AU58 holder. That is definitely not worth the submission cost! Also if it is an S/S the submitter may have thought the market would be stronger for the coin.

 

If it made MS-67, it's probably a $100 or so coin - plus, I think that's the highest grade certified by PCGS if I am not mistaken, so maybe some upside potential. Still, I'd be inclined to agree with you - some coins are better left raw.

 

Definitely not! AU from the 50's are worth very little.

 

You can get coins slabbed fairly cheaply with bulk submissions. The added value of the few coins that are graded very high can more than offset the loss the submitter will take on the coins that are graded lower.

 

I just bought this the other day for 10 bucks. i don't think that it is ms60 like what it is labeled.

 

45s could have been from a bulk submission of a roll. rates are low for the big submitters

 

I believe that ANAC grades coins much cheaper then the others even not in bulk.

 

If someone wants to pay the cost of submitting a low value coin to a TPG, it's a bonus for me when I buy it for less than the cost of the submission. I've bought a couple over the years that had me scratching my head. I think the comments made about bulk summissions or visions of getting a higher grade are probably accurate. Whatever the reason though, when we buy one it's a win-win for us.

Bruce

 

How many do you need to submit to get a bulk rate?

 

Typically a minimum of 100 coins of the same date and mint.

 

I let A.N.A.C.S. handle all my Grading and your Coin is kept on file there for you to view...I will get the link and post it for you..

 

If your coin is a True A.N.A.C.S. Graded heres where you can view it

http://www.anacs.com/Reports/PopulationReport.aspx

 

I love it when these slabs end up on the bay. Saves me alot of submission hassles. I've been hoarding slabbed nickels (1960-80) and have gotten a good stockpile of MS64's and 65's between $5-$9. I think they have alot of numismatic potential down the road as the Nickel seems to get much more circulation wear than other coins. Good opportunities to get 30-50 year old coins in high grade.

 

I have purchased several slabbed coins that are from NGC and PCGS from ebay for less than the cost of a submission. I don't understand it either, but I'm not complaining. The slabs look real to me and the coins do also, so I'm pretty happy with them now.

 

I think it's as simple as sometimes people need to raise money quickly for medical bills and such and they will sell their coins for whatever they can get.

 

I used to think like that but not so much now. After years of collecting nickels (I still love them) my thoughts are more of a if they are not popular now then they won't be later. Look at shields or V nickels never really been hot and won't be IMO. But Buffalo's have alway's had demand.
Just something to think about.

 

just look at new quarters a lot of them are slabbed