post recent grading results

I like that story Leadfoot! Beautiful coin, I can't believe the dealer lost it for a year, then found it. You were lucky it turned out like that!

 

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On a darker note, Here's a 1907 $20 Lib I got back from PCGS. Anyone guess the grade? Bodybagged. When I called the very, very, rude young phone rep at PCGS, she told me that PCGS bodybags coins as a sort of "courtesy" to their customers, instead of confiscating them & sending them to the Treasury Dept. I felt so much better.....

PS, the color in pics 1 & 3 is accurate. The kind of "orangy" color in pic 2 is off, but I just liked the pic.

 

why was it bodybagged? (was there a reason given?)

[i never understood a company being rude to their customers on the phone]

buying coins raw is such a big gamble. i got lucky twice. i don't think i would do it again (why push my luck). every day there are more and more counterfeits (and they get better all the time). now we have to worry about counterfeited slabs, but at least that's one more step to overcome, and sometimes you can check the photo online (which helps)

 

see next post, somehow I did something wrong again

 

Sent in raw
Line 1 pop of 2 only 1 higher
line 2 pop of 2 none higher
:thumb:
[TABLE="class: datagrid"]
[TR="class: toprow"]
Line #

Item #

Cert #

PCGS No.

CoinDate

Denomination

Variety

Country

Grade

[/TR]
[TR="class: rowone"]
1

1

19820775

502783

2010

$20

Selkirk Locomotive

CANADA

PR68DC

[/TR]
[TR="class: rowtwo"]
2

1

19820776

507714

2011

$20

D-10 Locomotive

CANADA

PR69DC

[/TR]
[/TABLE]

 

Wow anytine I call PCGS they have always been very helpful & nice

 

They don't give you a reason. In fact they adamantly refuse to give you a reason, other than they are the world's premier grading co., & are never wrong. FWIW I bought that gold $20 in the 1970's, before PCGS & NGC even existed (I think). Now I won't buy even a $300 coin unless it's slabbed by PCGS or NGC.

BTW, I'm not the world's biggest coin expert, but I've owned a lot of gold coins, & I'm not worried at all that the 1907 $20 Lib is a fake. My own opinion is that PCGS may be harder on "Collector's Club" submitters (than giant dealers), & that their grading, &/or bodybagging is often whimsical......just my own 2 cents.....

 

Sounds like an awful experience Woody, sorry to hear it. I think you might be right about different standards for different submitters. My own theory is they have a lot of different graders and the grade you get depends more on whose lap the coin falls into.

I just got these four classic commemorative half dollars back from PCGS. They all came back either MS64 or MS65, which pleasantly surprised me. All four of these coins I bought raw, but three of them I bought many, many years ago.

This Texas Commemorative I bought back in 1970 was I was 13 years old. I can't remember the exact price, but I think it was around $25??? So I've had this coin for 41 years! I clearly remember the day I first noticed this coin in my Redbook. I thought it was really beautiful and was wow'd by the ultra low mintage, which I think is around 6,000 coins? (Later I realized that it's the series mintage which is a more key metric for value.)



This 1934 Maryland I bought raw in 1980, I can't remember the price. This has a mintage around 25,000.



This 1938 New Rochelle impressed me because of it's low series mintage of 15,000+. I thought the design of this coin was interesting.



Finally this last one I bought raw off ebay, back in January 2010. This was a risk, but I thought it looked nice and has a fairly low mintage of around 17,000.



I don't think I would ever buy another raw commemorative. I got pretty lucky with all four of these. So the top three coins haven't been messed with or dipped in at least 30+ years.

 

I love this thread, but I have never submitted before, my local dealer, who is still half an hour away, says he doesn't submit either, he doesn't deal just in coins now, he says he makes more money buying scrap precious metals than the rest of his coin, card and jewelry store combined. I have picked out the coins I want to submit though. I might just send a few to ANACS just for fun.

Edit: I would rather send to NGC or PCGS, but ANACS is cheap and I would not send my best coins to them, just ones that could use a grade, a slab, and I'm curious about them. I know their reputation isn't the best.

 

understandable phdunay. cost is definitely a consideration. however if you ever want to sell, i think it's easier to sell PCGS or NGC graded coins and they typically bring more $$ -- just another factor to consider.

 

I'd like to send some raw coins to PCGS as well, but I cant justify spending $30+ in grading fees for a coin that MAY be worth $36 if it is graded MS64 or $71 if it is graded MS65. Thats too much of a gamble for me and I cant consistently grade the MS ranges myself anyways. I do plan on geting a lifetime ANA membership this year. Doesn't that come with some NGC discounts?

 

Yeah, if you are an ANA member, I don't think you need to be a paying member of NGC to submit coins for grading.