Interesting ANACS graded 1949 Double Mint Set - new to me!
Lakesammman
Posts: 17,376 ✭✭✭✭✭
Stopped by David Wnucks table today at FUN and hadn't ever seen a graded double mint set before.
He mentioned that the cost of grading was what probably made them so scarce - $25 per coin!
As always, a pleasure to see and chat with David. 
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.
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Now that's something you dont see everyday.
Cost prohibitive to say the least. $250 to slab this set that is probably worth 25 bucks out of the plastic? And what the heck is a "composite grade?" For $25/ea I would rather them grade each coin separately.
Interesting, though. Thanks for posting it!
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Provenance is Leo Frese, formerly at HA.
What is the sticker on the Slab?
Another fourth party grading company ("OVS" or "DVS"?); or a different kind of sticker.
By the way, I understand what a Third Party Grader is (i.e. PCGS) and what a Fourth Party Grader is (i.e. CAC).
What I do not understand is who the:
First Party Grader is; and
Second Party Grader is.
Someone with more knowledge than me, please help me learn something new today
if I remember correctly,
the other side has a cert number and grade for each coin - the composite is average
DSV sticker is the group that does part of it (verifying all coins are original in set)
My thought is that the “third party” grading company is providing an independent opinion, apart from that of the seller or buyer - the two parties to a transaction.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My first thought was is there now a blue cac sticker? Agree also that first and 2nd party are the buyer and seller.
Cool double mint set too.
The sticker on the mint set has nothing to do with CAC.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
A 1949 Mint Set is worth quite a bit more than $25 out of the plastic. They sell from $600-$1k.
It is true that grading these is very expensive though.
There is an individual grade for each coin and the composite grade is an average of all of these. The OSV sticker is applied to show they believe it is an original set (not a put together one) and it is done by a separate company in conjunction with Anacs.
I'd certainly buy them for $25. All day long.
Regular reading on this message board, one might be excused for getting the impression that CAC has something to do with everything.
I like it!
My War Nickels https://www.pcgs.com/setregistry/nickels/jefferson-nickels-specialty-sets/jefferson-nickels-fs-basic-war-set-circulation-strikes-1942-1945/publishedset/94452
The sticker was from Leo Frese, it was his verification for original mint sets.
It's the first time I have ever seen this. It does look nice tho.
Of course that's only 1/3 of a 1949 mint set.
So if a First and Second Party Grader means a buyer and seller in a coin transaction, then any event related to a collectible coin that does not involve a purchase and sale/buyer and seller (i.e. gift, inheritance, taxation, asset forfeiture, theft, losing, misplacing, abandoning, show and tell at a coin show or coin club, raffle, photographing, appraisal, etc,) does not involve or require consideration of or a determination of a coin's grade.
Got it.
I just checked my coin show notes and had noted that Leo Frese had some of these ANACS graded mint sets at the fall 2016 MSNS show.
No one said that.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That is a nice way to display a set.... I would like to find a birth year set like that...Cheers, RickO
A little more than 2/3?
(No 1949S quarters)
Liberty: Parent of Science & Industry
MFeld.
My reply posted at 7:41 pm yesterday was "tongue in cheek", meant to cause one to stop and think about who would be a First Party Grader and a Second Party Grader (beyond persons involve in a sale/purchase transaction).
I thought your reply was at least partly facetious. However, I also thought it could give some posters the impression that previous posts on the topic were off base. Thank you for the follow up.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The whole set was there, both a 1947 and 1949 set - I just showed 1 "page" as an example.
For what he was asking (bid), it will be a bargain for who ever buys it! I would have but already have the 47, 48 and 49 in original envelopes all addressed to the same person.
This is a joint service that ANACS and OSV announced back in 2016
https://coinweek.com/dealers-companies/anacs/anacs-osv-announce-joint-verification-certification-double-mint-sets/
https://www.osv.expert/FAQ.aspx
ANA 50 year/Life Member (now "Emeritus")
Also, grading is NOT $25 per coin. They have tiered pricing based on turnaround time that starts at $10/coin.
What in awesome slab! I've never seen one but that's a great presentation!
Congrats for picking it up and the Leo Frese provenance is a bonus!
I saw two sets from the 50's at the show. The grades of each coin is on the label back and the sets had a white band around them and the original envelope.
EDIT: I should have read the thread before posting.
Sorry. I was excited as I've never seen these until yesterday either.
1stPGS-Collector
2ndPGS-Dealer
3rdPGS-PCGS, etc.
4thPGS-CAC, etc.
5thPGS-Successive purchasers.
End Systemic Elitism - It Takes All Of Us
Actually, successive purchasers become 1st PGS.
Several years ago Stacks auction had a bunch of those. I bought a couple. I sold them not sure here or ebay.