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#1
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"Authentication Only" vs. Net Grade
I bought a Morgan collection which includes three key dates: 1893-S,
1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? How do you feel, and how do you feel the market as a whole views this issue? thanks, ...Tom |
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#2
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LRC-Tom wrote:
I bought a Morgan collection which includes three key dates: 1893-S, 1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? How do you feel, and how do you feel the market as a whole views this issue? thanks, ..Tom FWIW, if I had a gap in my Morgan collection for any of these (and I do!) then i'd be more concerned primarily as to the authenticity of the coin than the net grade. After the authenticity was satisfied, i'd be concerned that I could afford the coin that I saw in front of me (image wise). After all, I'd personally bid what I thought the coin was worth (according to what I saw) as opposed to someone else's consideration of it. Ian |
#3
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"LRC-Tom" wrote in message oups.com... I bought a Morgan collection which includes three key dates: 1893-S, 1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? Good questions. I think that the ANACS net grade can be helpful sometimes and harmful sometimes. I like to do my own net grading. When I see an ANACS net grade, I will definitely not bid into the VF details price territory, regardless of how I personally net grade the coin ( perhaps a particular problem does not bother me so much and I still view the coin a VF). Not only do I not bid into the VF details territory, but I tend to bid shy of the net Fine grade. All in all, I would just get the authentication and provide an image equal to the quality of image you normally provide and also verbally point out the type and location of the problem. It's just a guess, but I think you would do as well and maybe better without the net grade. Bill How do you feel, and how do you feel the market as a whole views this issue? thanks, ..Tom |
#4
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On 22 Aug 2005 11:02:04 -0700, "LRC-Tom"
wrote: I bought a Morgan collection which includes three key dates: 1893-S, 1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? How do you feel, and how do you feel the market as a whole views this issue? thanks, ..Tom Tom, I probably wouldn't bid on a key coin if it were just "authenticated" and didn't have a net grade. I don't trust my grading skills well enough to determine how far down something should be netted due to whatever problems there are. You never know, it might come back graded higher than you think it is too. Cliff |
#5
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"LRC-Tom" wrote in message oups.com... I bought a Morgan collection which includes three key dates: 1893-S, 1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? How do you feel, and how do you feel the market as a whole views this issue? thanks, ..Tom The kinds of problems that I see on ANACS "net-graded" coins warrant a lower net grade than what is usually assigned. Generally speaking, when buying, a dealer will prefer an unencumbered VF slabbed coin to an XF, net VF slabbed coin, and so do I. The problem arises when a dealer hides behind an inflated net grade when selling. James |
#6
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Don't forget, you can send it to NCS and get a details grade -- they don't
net grade. "LRC-Tom" wrote in message oups.com... I bought a Morgan collection which includes three key dates: 1893-S, 1894-P, and 1895-O. All are decent coins based on details (wear), but each has problems such as scratches or cleaning. I intend to submit them to ANACS for authentication, but I haven't decided whether to have them give a net grade, or just authenticate only. I'd like people's opinions: would you be inclined to buy a coin which was certified as authentic only, as long as the picture was clear enough that you could see the defects and judge for yourself? Or would you be more inclined to buy a coin that ANACS had net-graded (i.e. VF details, net Fine, scratched)? How do you feel, and how do you feel the market as a whole views this issue? thanks, ..Tom |
#7
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Yes, I'm thinking about NCS...they cost a bit more, but it may be the
best way. Anyone else have experience with them? ...Tom |
#8
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Yes, I'm thinking about NCS...they cost a bit more, but it may be the
best way. Anyone else have experience with them? ...Tom |
#9
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On 22 Aug 2005 18:25:32 -0700, "LRC-Tom" is
alleged to have written: Yes, I'm thinking about NCS...they cost a bit more, but it may be the best way. Anyone else have experience with them? ..Tom I dealt with them once. Excellent customer service, but the proof they worked on for me wouldn't slab at PCGS afterward. In fairness, I'm not sure it would have slabbed before. Bruce ************************************************* ANA R162074 EAC 3606 To email me, remember that RoadRunner and Coyote do not mix. ************************************************* |
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