My coins finally came back from ANACS.

I don't know if you remember, but a little over 3 months ago I showed you an 1875-S 20c and a 1876-S 25c that a friend had found in an old coffee can with some other common stuff. Well, I finally got them back and was a little surprized at the results. I would have never guessed that the 20c had been cleaned. It must have been many years ago. What a shame since it was graded as UNC and net graded down to AU-55. A very good example at what cleaning can do, in this case a loss of approx. $700 for the owner.

Now I don't know what he should do. Is it the curse of death when potential buyers see the word "cleaned"? What are your opinions on his best course of action at this point.

BTW, my 1984 DDO Die#1 "double ear" Lincoln I sent with the group came back MS-63 red. I can live with that one!!!

 

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Wow, nice

 

Doesn't look much cleaned to me. Considering he found them in a coffee can I don't think he's done too badly though if I do say so myself.

 

NICE...
I sent in a coin to ANACS that came back cleaned too...now I would much rather be safe than sorry so I'm glad they put cleaned on there but if I ever sell it I'm going to be thinking about taking it out of the slab...

Speedy

 

How could somebody just find them sitting in a coffee can? The best thing I found in a coffe can was coffee

 

Yea, I thought the same thing when he brought the can to me. He said they just always threw in "odd" coins when they found them. It was filled with just the same everyday coins you would throw into a jar and in the middle of the pile was these 2. It was in the cupboard of his family house for who knows how long.

 

I wish I was that lucky

 

Hey Steve
Nice Cent....I never have collected errors but in all of the thousands of cents I have gone through I might have seem some just like you have!...did you find it or buy it??

Speedy

 

If you really want it in a slab, you could try sending it to NGC or PCGS, as I don't believe they label coins that have been cleaned as "cleaned" when they slab them. Not trying to start any arguement or heated debate here, just going by what they indicate on their websites. In their policies defining what will not be graded, various types of cleaning are discussed, but only such as improper, harsh, excessive cleanings are supposed to be categorically body bagged. But there is evidence that they will even slab harshly cleaned coins on occasion. At least ANACS is up front about it.

 

I'm not sure what NGC would do...I would guess they would body bag it because I would call all cleaning improper....

Speedy

 

I'll bet there is a good chance it hasn't been cleaned at all. If it was mixed in with some other junk for decades it might show some unusual wear from contact with all sorts of things that was misdiagnosed as cleaning. I'm not sure why someone would go to the trouble of cleaning a coin then throw it in a can.

 

You guys wanna see what cleaned coins look like then check these out. They were hit hard huh?

 

Bought it from a friend of mine. He knows my wish list and helps to find the ones I want and the grades I like. The '84 DDO was one of my favorites because of the 2 distinct ears. Not a real "key" error or an expensive one but fun to show people.

My guess is that it was cleaned LONG before it ever found that coin can. Then the 25c came along later yet. If they were both together, with the same collector then he would probably have cleaned that one too.

Here's the close-up I posted way back. You be the judge.

 

Doesn't look cleaned at all to me. I don't see any scratch marks or anything + it has nice toning unlike the coins I posted.

 

I'm still not sure why cleaning isn't just considered another form of wear, but lets not open up that can of worms again.

 

"Finally came back!?!"

I see that ANACS is still working on 3 month turn around (economy service), which I find unacceptable. It wouldn't be so bad if they didn't charge your credit card immediately upon receipt of the submission (or deposit your check), but they do.

Hopefully, newly acquired James Taylor from ICG will address this. This is too long for a business to hold on to YOUR money until services are rendered. Think about it...a business gets your money, sits on it, earns interest on YOUR money, and renders services over 3 months later. We are not talking about building houses either...just grading coins.

Unacceptable!

 

The 20Cent piece was cleaned years ago...back when cleaing was thought of as a good thing....after awhile it starts to retone and it doesn't show it as much....under 10x you might seen some lines and some nicks...

Speedy

 

Speedy,

How do you know that the coin was cleaned years ago? You could only be assuming this since it was stated as a possibility in an earlier response and it is noted on the slab that the coin was cleaned! I would have the coin examined under a Microscope by a reliable and knowledgeable Coin Dealer and if there is no evidence of cleaning, then I would send it back to ANACS.

I have had a bad experience with ANACS in the past and don't always trust their judgement! Even longtime and knowledgeable Coin Dealers don't always trust most of the Coin Grading Companies because some coins come back undergraded or noted as cleaned when they have not been cleaned and will crack the coin out of the slab and sell it. The grading of coins is done by humans and sometimes these humans have a bad day but when a coin comes back undergraded or noted as having been cleaned when it has not been cleaned, then this can cause a Coin Dealer or individual to suffer a loss of hundreds if not thousands of dollars.

I sent an 1865 Seated Liberty Half Dollar that was struck in copper to ANACS for authentication, grading, attribution and slabbing. They charged me a hefty fee and returned the coin ungraded and unslabbed with a note saying only that it was a Restrike with nothing else. Seeing that some Restrikes (Official and Unofficial) are highly sought after and bring a fairly good premium, I expected at least to know more about the coin. I took the coin to 5 different longtime and knowledgeable Coin Dealers and they all agreed that the coin was not a counterfeit, was struck using the original Dies, was MS-63 to MS-64 in grade and was a superb strike. I ended up returning the coin to the gentleman that I purchased it from and got a refund. However, I trully believe that the coin was very rare and extremely valuable and believe that because ANACS' did not grade and slab the coin after I paid good money for it or provide some background information on the coin in reference to it being a Restrike, that they caused me a significant loss! The gentleman eventually resold the coin but would not tell me what he got for it. However, I heard from several Coin Dealers that the genteman got several thousand dollars for it! When I purchased the coin, I paid him what he asked for it which was only $350.


Frank

 

I totally agree, except that "unacceptable!" probably isn't strong enough. Even banks weren't that brazen about making interest off checks you deposited before letting the depositor have use of the money.