Would you send this coin to ANACS for them to buy back?

Discussion in 'US Coins Forum' started by zaneman, Feb 4, 2007.

  1. zaneman

    zaneman Former Moderator

    I have a capped bust half, that I bought a while ago. I pulled it out, and today I realized it had some heavy damage on the obverse, which is not noted on the holder (it is not net graded in any way). I have included a picture of the coin, as well as a close up of some of the tooling.
     

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  3. huntsman53

    huntsman53 Supporter**

    Zane,

    Are you referring to the many scratches or cut lines as the tooling? If so, then it might be just Post-Mint damage or other damage instead of tooling! I would question as to why someone would do some tooling that would damage the star and the surface of the coin inside of the ticking.
     
  4. zaneman

    zaneman Former Moderator

    Frank,
    I was referring to the scratches as tooling. Sorry for the confusion.
     
  5. Bonedigger

    Bonedigger New Member

    Big Z, I agree with huntsman :hug: , it looks more like post mint damage. No attempt at tooling, the stars look okay and wouldn't need it.

    Ben
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    I'd send it back, sure looks like damage to me.
     
  7. zaneman

    zaneman Former Moderator

    Does anyone know if it matters that it is in an older holder? Also, does anyone have experience with anacs buying back a coin? I plan on contacting their customer service soon, and I'll let everyone know how it goes.
     
  8. smullen

    smullen Coin Hoarder

    What do you mean buy back??? Did you buy it from ANACS to begin with???
     
  9. zaneman

    zaneman Former Moderator

    That is a good point smullen. I simply meant to ask if I should send the coin to anacs to purchase since they slabbed it despite being damaged. I haven't been thinking 100% as I am getting over the flu :(
     
  10. smullen

    smullen Coin Hoarder

    I hear ya...

    Just so you know, I wasn't asking that as to correct you, if that wasn't what you ment...

    I asked it to learn, as I didn't understand really what you meant and I wasn't for sure...

    I was kinda of thinking you were saying (maybe) ANACS had some type of policy, where if you bought a coin graded by them and it turned out to be over graded, they would take the coin from you and refund your purchase or something...

    Like I said, I still trying to learn... I know more than a non collecter and maybe some really basic newbies, but I still have tons to learn in every direction....
     
  11. Treashunt

    Treashunt The Other Frank

    Smullen:
    The major TPG'ers have a buy-back policy if you get stuck with a bad coin that is, for example, slabbed and later found to be a fake, or in zane's case, damaged.
    Not purchased from them, just their guarantee.
    Zane: I'd contact them for their policy.
     
  12. shatsi

    shatsi Senior Member

    Hmm, this is good info for me. I have 2 ASE with milkspots but certified by NGC as MS69. Maybe I should call them up too.
     
  13. GDJMSP

    GDJMSP Numismatist Moderator


    That will do no good - they will merely tell you that the spots were caused by the mint. In other words, if it is not post mint damage - it doesn't matter.
     
  14. Leadfoot

    Leadfoot there is no spoon

    If I were you, I'd call ANACS customer service 800 number and ask them. State your case calmly and fairly and ask them what they would suggest you do....Mike
     
  15. Conder101

    Conder101 Numismatist

    You have failed to tell us anything about what ANACS said about the coin when it was slabbed. What did they grade it? Is it net graded? How old is the holder? The very early holders they would net grade the coins and not note them as being net graded. If it is a net graded coin there is no buy back guarantee.

    Ok you say it isn't net graded, but as I said if it is an early holder they didn't note the net grading. So what did they grade it and how does that grade compare to the coin if you ignore the damage?

    Final problem is that if it is an older holder, that was a different company and the current company is somewhat reluctant to stand behind the older slabs. That is why they will not cross them over into their new holders automaticly at the same grade. You have to have them regraded.
     
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