Sent coins to NGC

Discussion in 'US Coins Forum' started by Speedy, Jun 5, 2006.

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  1. Speedy

    Speedy Researching Coins Supporter

    Heritage jus sold about 15-20 last week IIRC.
    They were NGC MS64's and MS65's.....but most of them had FBL----I wanted to buy some but I'm still trying to complete my Proof Franklins....

    Speedy
     
    Speedy, Jun 13, 2006
    #21 + Quote Reply
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  3. shatsi

    shatsi Senior Member

    I'm looking at an Internet Auction ending today and there's only 7 by NGC. Am I looing at the wrong place?
     
    shatsi, Jun 13, 2006
    #22 + Quote Reply
  4. GDJMSP

    GDJMSP Numismatist Moderator

    That depends shatsi - do you mean there are only 7 NGC FBL coins in this one auction or do you mean something else ?
     
    GDJMSP, Jun 13, 2006
    #23 + Quote Reply
  5. Speedy

    Speedy Researching Coins Supporter

    Nope---you at the right place but as I said....the ones I was talking about went off last week.

    Speedy
     
    Speedy, Jun 13, 2006
    #24 + Quote Reply
  6. Speedy

    Speedy Researching Coins Supporter

    Well I just got the email saying that they were shipped and I should get them soon!
    I can't wait to see if I was right with the grades----MS grades are really hard for me and I'm hopeing I finally nailed some!

    Speedy
     
    Speedy, Jun 27, 2006
    #25 + Quote Reply
  7. Speedy

    Speedy Researching Coins Supporter

    Well they came back yesterday but I wasn't home to sign so I picked them up today...





    MS65
    MS65
    MS65
    MS64FBL
    MS65FBL

    All in all I think I did pretty good for $5 each......I really don't agree with the MS64FBL because there is a nick on one of the bell lines...I think it should be just a plan MS64---

    Speedy
     
    Speedy, Jun 30, 2006
    #26 + Quote Reply
  8. airedale

    airedale New Member

    I do not think they charge if you send it back to them requesting a downgrade, pointing out the error in their ways. They might say the bell line would have been full if not for the nick and that is why it is a 64???
     
    airedale, Jun 30, 2006
    #27 + Quote Reply
  9. Speedy

    Speedy Researching Coins Supporter

    True---but I might just hold on to it....shucks if I sent them to PCGS they all would have come back FBL!

    Speedy
     
    Speedy, Jun 30, 2006
    #28 + Quote Reply
  10. bruce 1947

    bruce 1947 Support Or Troops

    SPEEDY
    AND YOU SAID YOU COULD NOT GRADE MS-COINS VERY GOOD:high5:
     
    bruce 1947, Jun 30, 2006
    #29 + Quote Reply
  11. airedale

    airedale New Member

    Would love to see pictures of the slabs. They are consecutively numbered?
     
    airedale, Jun 30, 2006
    #30 + Quote Reply
  12. airedale

    airedale New Member

    Thank You. Are the slabs consecutively numbered?
     
    airedale, Jul 1, 2006
    #31 + Quote Reply
  13. Speedy

    Speedy Researching Coins Supporter

    I can't really good-- I'm just glad that this time I didn't overgrade them!

    I'll try to get them today---my sister is a Pro-photographer and has a nice camrea and I can use it ;)

    Speedy
     
    Speedy, Jul 1, 2006
    #32 + Quote Reply
  14. Speedy

    Speedy Researching Coins Supporter

    Alrighty here are the photos.....in this post I will post the MS65's....there are 3 total.

    Speedy
     
    Speedy, Jul 1, 2006
    #33 + Quote Reply
  15. Midas

    Midas Coin Hoarder

    How can you make that statement when you have NEVER done so! Remember folks, PCGS graded Franklins sell for way more (all things being equal) than NGC graded coins, now why is that?? Check out completed auction prices at Heritage and Teletrade and see for yourself. The market and coin collecting community has spoken.
     
    Midas, Jul 1, 2006
    #34 + Quote Reply
  16. Speedy

    Speedy Researching Coins Supporter

    Here is the MS64FBL coin....

    Speedy
     
    Speedy, Jul 1, 2006
    #35 + Quote Reply
  17. Speedy

    Speedy Researching Coins Supporter

    And last but not least....the MS65FBL!

    Speedy
     
    Speedy, Jul 1, 2006
    #36 + Quote Reply
  18. yarm

    yarm Junior Member Supporter

    I'm with Speedy

    Unfortunately, I've been both a collector and an ACCUMULATER over the years. Sitting on several hundred proof sets from 1950-1962, I have chosen to sumbit the nicest specimens to the TPGs so that someone else can enjoy collecting them! I don't know how much I paid for them in the 80's and 90's but if I can net some cash in this way for my active collecting pursuits, why not? (I could sell them raw as well but I have an aversion to dealers) Who knows, I may put a few sets together from the submissions before I sell off the rest.
     
    yarm, Jul 1, 2006
    #37 + Quote Reply
  19. GDJMSP

    GDJMSP Numismatist Moderator

    I've never submitted a coin to be graded in my life - to any grading company. But that certainly doesn't mean I don't know how to grade them. Nor does it mean that I don't know how the grading companies will grade them. The same goes for Speedy - or anyone else that knows how to grade.

    As you well know, the reason he is saying it is because PCGS has less stringent standards for a coin to qualify as FBL than NGC does.How much they sell for has absolutely nothing to do with whether or not a coin can be assigned the FBL designation.

    For those who don't know - for PCGS to assign the FBL designation to a Franklin only the bottom bell lines must be clear and unbroken. For NGC to assign the FBL designation both the bottom and the top bell lines must be clear and unbroken.


    You always come back to this comment as if it is the be all end all definitive statement that proves somehow that PCGS is better in some way than NGC. For the life of me I cannot see the logic in this, especially when there is such a difference in the standards that the two companies use for special designations.

    If anything, the fact that people are willing to pay more for a coin slabbed by the company with less stringent standards, this only tells me that those people are foolish. Or that they don't know any better. Of course it could also tell me that they are merely playing the PCGS registry game and in order to score points the coin has to be slabbed by PCGS - even if they do have less stringent standards.
     
    GDJMSP, Jul 1, 2006
    #38 + Quote Reply
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