Is ANACS crazy, or am I crazy?

I had a 1909 Lincoln cent come back from ANACS with a hair trapped in the slab. They fixed it for free.
They called my 1859 Indian cent "recolored". I don't agree.

 

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+1

If it DOES come back detailed-
Crack and sell raw

 

Ive had good luck buying ANACS Indian Head Cents and have them upgrade at PCGS.

One was almost identical to yours 08S RPD that ANACS graded UNC details stained. PCGS called it a 64BN. There was a tiny discoloration on the obverse.

Another was an 1888 IHC that ANACS called 62RB, PCGS called it a 65RB.

Your coin looks MS to me. Keep us updated with what it comes back with.

 

That phrase has come from my own keyboard a time or two....

As much as I like this coin - and I like this coin - there's enough evidence on the reverse of it for me to seriously consider ANACS may be correct. Especially at the rim low and right of ONE. In general, the large contrast between the "dark" and "reddish" areas on the reverse tends to be a red flag to me.

 

I'm not talking about the " Detail " grade .
I'm talking about the grade ( AU-55 ) itself .

It look like a ms coin to me, or at least a slider ..........

 

who's to say that hasn't happened already? (prior to the OP buying the coin)

 

Yeah, that kind of applies too. The weakness at the feather tips and on the reverse shield are both expected manifestations of weak strike, and they're belied by the lower diamonds and the look of the wreath bow which seem as-struck. Then again, they could be looking at the strong diamonds and thinking, "This was a pretty well-struck coin. The other stuff must indicate wear."

 

As they say, PCGS is best for US coins, NGC is best for world coins, ANACS is best for varieties and VAMs.

ANACS grades accurately sometimes, but they can be really inconsistent. Sometimes they are way off the mark grade-wise in both directions.

 

C-B-D, posted: "Those spots are just slightly darker areas. The luster cartwheels thru them. I've inspected those areas closely and gave the coin an acetone bath. None are active corrosion... they aren't even grainy or rough looking. I feel confident about this coin straight grading, but we'll see. I'll keep everyone posted.
Aside from that AU55 is a strange grade to give a coin with some original mint red showing, and a nice strike."

Sorry guys, the Indian cent is CORRODED and recolored.

You can either believe it or not but IMO, if you cannot at least see the corrosion, you should not purchase raw coins. If I were a grader, I would have given it Unc details, corroded as there is no point paying attention to the tiny amount of rub. For those interested, here is something useful to detect environmental damage = COLOR.

Black is not beautiful on coins. Note that there are several dark spots on the coin. Magnify one and you'll notice the surface is grainy - unlike the surface around it. That's what a corroded surface looks like. Now crack the coin out and sell it to an "expert" who thinks he knows more than the ANACS graders.

 

Sideways.........good flick. Worth a look........http://www.imdb.com/title/tt0375063/

Carry on, fellows.........

 

Thank you for your shared opinion. I'm pretty confident, having seen it in hand, that I'm right. But, hey, I've been wrong before. Stay tuned and in 4-6 weeks I'll let you know.

 

SEGS? They would probably say it's red too

 

Why stop at SEGS...go the SGS route and they will say MS 70!

 

C-B-D, posted: "Thank you for your shared opinion. I'm pretty confident, having seen it in hand, that I'm right. But, hey, I've been wrong before. Stay tuned and in 4-6 weeks I'll let you know."

LOL, this is not a matter of being right or wrong. Sending the coin to PCGS or NGC proves only one thing, professional graders have determined that the multiple corrosion spots on the coin are "market acceptable."

I can agree with several here, the coin is attractive and I'd gladly pay more than $78 for it. I would also know exactly what I was buying.

Nevertheless, when you get the coin back, learn from it! An informed collector makes better choices than an uninformed one.

While I'm at it...this: "Aside from that AU55 is a strange grade to give a coin with some original mint red showing, and a nice strike."

Check with a grading guide, even XF coins can have original luster on them. Still, as I posted above, AU-55 was a stupid grade to put on an AU-58 that may come back from PGCS as a straight graded 61-62 or Unc details "artificial color." Just remember, what I wrote: The coin is 100% corroded and recolored. I hope you get it into an MS-63 Brown slab!! Really!

 

When you say "corroded and recolored" do you mean you believe someone artificially recolored It? Or it toned that way on its own, as the perceived corrosion progressed?

 

I see an MS, with a few carbon spots, these left untouched will spread.

Bye, the way. I would have loved to have tucked that one away in the Anacs undergraded stack.
I think PCGS grades it at 63RB. Cause.
I have a hard time seeing it an AU.

 

C-B-D, asked: "When you say "corroded and recolored" do you mean you believe someone artificially recolored It? Or it toned that way on its own, as the perceived corrosion progressed?"

Yes! Your coin had some problems. It has been excellently restored to a very attractive and much more collectible condition. I'll also guarantee ICG, ANACS, and probably SEGS will choose from one of these if they were to grade that coin:

1. Cleaned
2. Recolored
3. Corroded
4. Environmentally Damaged


The top two services are more "market oriented." Believe it or not, they don't care as much about the little dealers and collectors as the second tier services who rely on them. You could take away every one of those submissions and the top two may cut some staff yet they would go rolling right along processing perhaps 15% fewer coins a year.

The big boys want to get rid of all the grading services. They don't even like the sticker services like "Eagle Eye," "WINGS," and "CAC." As with your coin, they tend to cause problems. Example: IMO, there is a 15 to 20 percent chance your Indian will straight grade. If it does it should probably "net" down to AU-58. Even if it comes back "detailed" it will probably be graded Unc "details" with one of the things I pointed out. In any case, it will be worth more in the new slab and that's a plus!

Now, at least two TPGS say XXX yet one of the top two may say OK. Which is it? Do you really want to know? The evidence is there to see. Those who see it can make an informed decision. I have. I'd buy it for over $78.

You did very well.

 

Exactly. But I rely first and foremost on my own opinion of any given coin. The reason I try to find a TPG that agrees with me (and also deems the coin market acceptable) is because that is what my customers want. Bottom line, TPG's can make me more money when I sell. So I'll use them forever in order to do that. Makes sense, right?