Overgraded Franklin

In my local coin shop there was a new bargain bin that had just arrived. After searching through it for a few minutes I found a 1961 Franklin graded by GEC as MS68. I knew already GEC is far from the best service. It's a good coin and couldn't resist as it was 7 dollars, roughly 50 cents over spot. This is far from an MS68 coin, it isn't even close. Ok pickup, but way overgraded.

 

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If you like it and understand it's not what's claimed, sure... why not?

 

Almost at melt. Clearly overgraded, but you know that. A fun pickup.

 

The beginnings of a TPGS slab collection. Worth every penny!

 

find one that is correctly graded, that would be a rarity

 

Good deal with or without the slab. What grade would you give it in hand? Looks like it may be cleaned (tough to tell from pics), but still a nice deal that close to melt regardless.

 

This coin seems to have been lightly cleaned in the past, mostly right around Franklin. Before anyone says anything I know that lightly cleaned is still clean! With the cleaning, UNC Details. Without the cleaning, I'd say MS64.

 

4 points in honor of the work that went into cleaning it?

 

Cleaning obviously makes it go from a 64 to a 68, get your head out of the gutter!

 

This company grades on a scale 1-100.

 

Now for yourchallenge...

You can open the GEC slab (they are not sealed) ether by finding the pin hole and using a pin (leaves marks), or by very carefully tapping it until it opens.

Remove the Franklin. Put a clad Kennedy in the slab, sell the Franklin at melt and the HUGE ERROR SLAB on eBay.