I found this interesting label/coin on ebay (pic below). In what cases would NGC grade a coin like this? It appears they found it to be genuine by looking at how they attributed. So if its genuine why would they not slab it? Why would they issue a coin number on a label without a slab that it is "not suitable" for? Why not just body bag it completely?
It's possible that the submitter wanted it encapsulated anyway, and this "specialty insert" is the only way NGC would agree to do it since the condition was such that they couldn't really confirm the "No D" variety. For an additional fee, NGC will prepare a "specialty insert" with just about anything the submitter wants as long as the information isn't false or misleading. Chris
There are actually quite a few cases where NGC will not even slab a coin in a Details slab. You can read about them here - http://www.ngccoin.com/details/artifical-and-counterfeit-coins-ngc-will-not-grade.aspx But the only explanation that applies for this coin is - ALTERED SURFACE is a general term used to describe a coin whose surfaces are clearly not natural but whose exact treatment is uncertain.
That special label is affixed to a mylar flip. The raw coin is returned in it. This happens when NGC refuses to slab a coin for one reason or another. Their usual reasons are often cited, like "authenticity unverifiable", or "altered surfaces". In this case their reason for not slabbing it is "not suitable for certification", which is a pretty meaningless, silly statement. If they weren't happy with the coin because of environmental damage (porosity), why not say so? Also, I believe NGC has determined the cent to be genuine or it would have stated "not genuine" or "authenticity unverifiable". Funny...I got one of these labels from NGC yesterday. Lance.
The reason they don't say that is because they will put a coin with porosity in a Details slab. And depending on what the coin is, they will often even put a coin with porosity in a regular graded slab. NGC considers porosity to be "natural". With this particular coin, NGC believes that somebody did something to the coin but they don't know exactly what that something was. Thus no slab at all.
The number isn't "issued" by NGC, it is the invoice number and the number of the coin on that invoice. In this case the sixth coin on invoice 2553789. When get to the encapsulation area the computer produces a label for every coin on the invoice. It helps with account purposes to trace all the coins.
Long story.... http://www.cointalk.com/t145199/ I did learn something though. I am positive I have a PCGS coin in a holder that is graded and laquered.
That lacquered 1914 D is a nice find! That is a nice candidate for NCS. If you got it cheap that could end up a nice deal for you! It only cost 5 bucks to send it in
It was given to me. I thought about resubmitting to NCS however apparently, they offer that service on coins submitted like that and they didn't with mine.. So since it was rendered basically worthless, i decided to do what they basically do. I started with a soak in acetone.. nada! I tried denatured alcohol. nope... okay mineral spirits! what?????? held my breathe and went with lacquer thinner.. what the hey is this stuff! time to pull out the serious stuff - Methyl Ethyl Keytone was what finally soften up the coating (and my brain cells) the coating was tinted brown! Slick maneuver. the coin underneath had been dipped prior to coating - it was also blotchy. I left it in the keytone for a week, no change.. rinsed with distilled water..... . last time I saw ol Abe, he was getting a sun tan on the deck from solar radiation and exposure to hydrogen sulfide naturally occurring (ha!), acid rain and ok.... the CCA leaching from the PT wood.
