i know everbody swears by pcgs or ngc but ??

[Guest]

im putting together a complete set of lincolns slabbed by pcgs or ngc because there "the best"

but some of the coins i have bought are allful in my oppion. i posted some of them and these coins all grade ms rd 66
and there are spots like one the 38 above the dates and the 39 s looks like it is rusted in hand
hard to get good pics from the glare
but im i just being to picking cause i do not get the grading thing or what
look at the pics and you tell me please that im not crazy ?

thanks co

[Brad]

Problems may develop on coins while they are in the slabs. Just because they are in a slab does not mean they will look that way forever. Furthermore, some dealers are experts and cleaning and fixing problems without detection....although the coin eventually tones funny. That is why they say to buy the coin, and not the holder.

[JeanK]

Hi Colleen,
I truly think there are only a couple of reasons to have a coin slabbed. One would be to have it authenticated and graded, and the other would be to put together a nice set of graded and slabbed coins. Either option would probably increase the value of the coins as a set.
As one who purchases MS69 memorial slabbed coins for fun I feel I have a better collection if they are all graded the same by one company.
Sending a well circulated coin to a top grading company (TPG) would not only guarantee to you the quality of the coin but its attribution. So far the only coin I have actually sent in is my avatar coin, the 1922 No D strong reverse XF40 brown. The reasons? Because I must know it is authentic and what the potential value would be... and to help protect it from the elements... including me.
I am considering sending variety coins which are 'plate coins' and/or 'first listed new dies'. This is still a work in progress.
I hope this helps.
Jean

[shameless]

thanks for that i have been buying them off ebay from select dealers hard to really see it from the pics so i guess i im buying the slab. it's just cheaper then buying raw and sending them in and hoping for the grade i want like 30-50's are all have to be ms red 66 up
and for the most part i have bought them from 8-20 dollars shipped . just a little taken back by some of this that are graded at 66

thanks

[Reginald C. Twitty]

Sad but true - lots of people use eBay to get rid of coins that have developed problems after being slabbed while they owned them.

[brwnprkns]

I thought PCGS guaranteed their grades. If it doesn't stand up they may refund any difference in value

[My2cents]

There are no guarantees in life. However coins slabbed by PCGS or NGC (neither of which I recommend for varieties) include a guarantee the coin is genuine. I wonder if anyone in the forum has actually challenged a coin with PCGS or NGC. I mean sent it back and asked for the money because the grading was just plain wrong or the coin has changed state somehow? I have never heard of anyone doing so and it seems to me that it might prove difficult and expensive both in time and in funds.

I am reminded of a conversation with Chuck Daughtrey who said, "Lincoln cents will eventually turn brown." That is it in a nutshell folks. The physics are indisputable, as long as there is oxygen and hydrogen then those chemicals will interact with the bronze.

If I had a nice clean red MS66 1911 S and it looked spotty after a couple of years, possibly due to one of the graders sneezing on it, then of course you would send it in and seek restitution. Conversely if I had a nice red MS66 1944 I don’t believe I would challenge the coin. Why bother as it is not worth the slab it rests in.

NGC conducted some very interesting age-acceleration simulations in which coins that were sonically sealed in tamper-resistant holders had their age accelerated by decades. This is done by using a device called a Thermotron which simulates light, dark, heat, cold, and humidity. The results proved unsatisfactory, at least in terms of copper coins: The coins actually deteriorated while they were in the holders. I own a Proof 1971-S DDO in an NGC holder which actually broke out in spots while in the holder. I have not yet decided what to do about this coin.

Because copper coins are so susceptible to damage and deterioration, NGC does not guarantee the grades it assigns to them, as it does with coins produced in other metals. PCGS
does guarantee the grades of copper coins--but I have seen no difference in the way these coins deteriorate while encapsulated, whether the holders came from one service or
the other. If any of you have any idea or new invention that can stop the bronze from developing a patina you will become very wealthy.

But in summation who here does not love a well struck Lincoln cent with a nice chocolate brown patina? I have some early coins that are spectacular and I would not trade them for a poor looking MS66 red example.

Jeff (aka jpl6332)

[car10]

I wonder if anyone in the forum has actually challenged a coin with PCGS . I mean sent it back and asked for the money because the grading was just plain wrong or the coin has changed state somehow? I have never heard of anyone doing so and it seems to me that it might prove difficult and expensive both in time and in funds.
Jeff (aka jpl6332)

Just last week PCGS posted an article on their website specifically addressing this issue. Here is the link.

[RWBILLER]

Hi:
Brad hit it on the nose! also many coins have been slightly cleaned before slabbing and that leads to discolorization - i have had the same problems you have - especially on proofs.
roger