Cool Old Grading Service: Federal Certification Service, 1882CC Morgan Dollar

This was a cool pick up on the Bay...I love these types of things for the history they bring AND that someone left it in here rather than resubmit it somewhere else.

I searched around for some back information and found that this service was active from the timeframe on this holder until the early 90s. This is apparently a first generation holder; later generations offered a double money back option if not genuine, but the service's name doesn't appear on later generation holders.

What else do I think is cool about this coin and holder?
-Beautiful coin with rim toning from the cardboard holder
-The picture versus the coin
-The label information about the coin and grade was typed with a typewriter onto a sticky label then placed on the holder.

 

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That is cool. My first graded coin was purchased back in the 1980's. Professional grading was all any of us coin nuts were talking about so I found this one. It still resides in this ungainly holder. There has been more than one time I seriously considered freeing the Morgan so I could be rid of all this plyo-plastic that fits inside absolutely nothing...

 

I like how it even identifies the grader or at least their initials.

 

I wonder why coin grading companies like PCGS and NGC are so successful but these older ones are not. PCGS and NGC aren't the first to do it or anything... Maybe people like the hard plastic holders?

 

First time I've seen one like that. Cool factor 10+.

 

PCGS and NGC came to the party late. PCGS took most of the grading business because they had a neat little slab plus a large group of dealers using them who convinced folks PCGS was the best TPGS. Soon after NGC became competition on the same level. Both graded "commercially" eventually leading to a change in grading standards.

 

I would have thought you would also appreciate that the older TPGs, before commercial grading became market grading and making a market grading, gave an obverse and reverse grading opinion.

 

Reputation and many of the defunct ones weren't very good. That said yes the slab was a game changer