http://teletrade.com/coins/lot.asp?auction=3254&lot=1726#n This coin has already been through one auction and I was thinking of bidding the second time around. Any experts out there know if this coin would cross to PCGS or NGC? Thanks.
It's hard to tell from the photos...but I think I see a small rub on the hair on the obverse which would make me think there is a touch of wear there. I think it is risky. But, I am far from an expert when it comes to these old double eagles. I would personally be afraid to try and cross it.
Even if it is MS, I don't think PCGS or NGC would give it a 61. There are too many marks and dings on the obverse to warrant above 60. It is still a nice coin though.
I don't know about that. PCGS and NGC are pretty forgiving to marks and dings on large gold pieces. I don't think that will be the problem. I believe there is wear present.
I'm with you guys with the AU opinion, but I have never known NGC or PCGS to cross grade anything form ANACS. They always come back a point or two lower. That is why I say "Even if it were MS...it would likely get a 60".
Thanks for the expert opinions. The reserve was around $6K first time around. It should be worth AU58 money anyway and will bid accordingly. Coins do end up in ANACS and ICG holders by accident or whatever reason. I once had an 1851-O $20 Liberty in an ICG holder that I upgraded. Methinks even the smartest graders out there who run companies are reluctant to crack out non-PCGS or NGC coins like this and do walkthroughs for fear of looking like fools in the end result. "Yeah, I thought that ANACS coin would grade for sure, spent $400 in grading fees, and had to admit I was wrong."
And here is another ANACS $20, same date, etc. in MS64: http://coins.ha.com/c/item.zx?saleNo=1129&lotNo=1786 This makes you wonder once again why it wasn't crossed over....
I always just think if they would of, they would be, and let it go at that. Why would they leave the difference on the table.
You'd probably have to crack it for much of a chance of the same or one grade down. In the holder, attitude is like, you gotta be kidding, right? You want us to assign a similar market value for that ANACS "mintstate" coin??? Thanks for the walkthrough/express $$, but no dice! Better luck next time, sucker! Alternative is to send it to PCGS/NGC on an express or walkthrough(better grade shot?) tier raw and hope for the best. If you get a less than desirable result, AU58 on first and MS62 on the second, you can always send the coin back to ANACS with the original label and hope they will re-holder.
It doesn't make me wonder at all. Believe it or not, there are some people out there who believe (the new) ANACS is just as good at grading as NGC or PCGS. Some people even prefer them. Then there are those who have no idea that there is any difference at all between any of the TPGs and believe that they all use the same grading standards. Then there are some who use ANACS simply because they can get their coins graded for less money than with NGC or PCGS. Then there are some who get coins graded by ANACS because they know that ANACS will assign a higher grade than the coin deserves thus enabling them to sell the over-graded coin to an uneducated or inexperienced collector for more money than it is really worth. The same or similar things can be said of all the various TPGs. And yet the coins are not crossed over. There are millions of coins out there in slabs other than NGC and PCGS, there always will be. That is because not everybody sees any reason at all to even attempt crossing the coins. And there are yet others who know there is no chance of the coins crossing at anywhere near the same grade. To be honest, about the only time that anyone should attempt crossing a coin is when they have seen the coin in hand and they are reasonably certain of what the cross-grade will be, and have determined that it will be worth the effort and expense of crossing the coin. Other than that, it's a waste of time to do so.
I would be VERY wary of this coin. I suspect there's an altered surfaces (or AU) grade in the future from PCGS should it be submitted. Yellow ANACS slabs are not to be trusted, IMO. The only way I would ever consider buying this coin is if I (a) had the chance to view in-hand before bidding, (b) I had a good return policy, and (c) I had the requisite skill to accurately predict what PCGS/NGC would say. Be careful....Mike
