Are all coins net graded?

CarlWohlforth

People find value in ANACS because they "net" grade coins. So if a coin has been cleaned they can say "cleaned with MS 62 details" or some thing like that.

But isn't a single grade a net of various factors like strike, luster, marks and so forth? Sure it is.

So what problems can disqualify a coin from a PCGS or NGC slab? Cleaning and artificial toning come to mind. What other problem coins will ANACS net grade that PCGS and NGC won't slab?

I ask because I have a seated dime that has a pretty obvious staple scratch on each side of the coin. I sent it in for grade review and learned the coin was gem but the light scratches brought the coin down to a 63. So the coin "net" grades a 63. To me the scratch is a problem and the coin shouldn't be slabbed.

It happens to be a NGC coin but I've heard that PCGS also slabs coins with staple scratches.

Fairlaneman

Carl:

I have a 25S Merc that PCGS put a 64FB grade on. The coin has a Small Staple scratch on it and I believe PCGS did Net Grade this coin. The darn thing is 66FB all of the way except for the staple scratch. PCGS, and others IMO, will and should Net Grade a fairly rare coin of this type. If you took a run of the mill common coin I doubt if you would get a grade if a staple scratch was present. Just MHO again.

Your question answer is...... Some Not All. Again MHO.

Ken

IrishMike

Ken, I agree with you, I have a 63 IHC graded 64, has a light scratch across it. Passed the graders at NGC. I wish they would net grade fingerprints. Someone please give me a rational reason why they don't mention it on the slab.

Dog97

I don't think a staple scratch is "net" graded. I think the graders look at the depth and severity of the scratch and grade it just like it was a bag mark.
Just off the top of my head ANACS redtags and labels the insert for grafitti, bent, scratched, holed, damaged, corroded, rim nicks.

Twowood

"Net Graded" Definition please. What's the opposite of NG?
Twowood

CarlWohlforth

ANACS will take a coin that NGC or PCGS would bodybag (not grade at all) and grade it. They use a red label and mention the problem. Looks like Dog97 is familiar with them (thanks for the list!) These coins are called net graded.

I think the opposite of net grading is what ANACS used to do, grade strike, luster, surface and eye appeal seperately and for each side of the coin.

110 K image of old ANACS "label"

sinin1

ANACS has bodybags as well- you might get some back like ->
PVC contamination, Die-struck copy, Because of wear can not authenicate as genuine, etc.

When they Net Grade, they do not say MS62 details they say MS details Net AU 55 or whatever-

NET examples from ANACS -> tooled, whizzed, scratched, artifical toning, cleaned, environmental damage, recolored, corroded, polished, slightly bent, graffiti, rims filed, repaired, ex-jewelry, surface residue, ===> probably many more but you get the idea

Twowood

Ihe ANACS approach sounds appealing in addition to the fact that they grade for anyone who submits, with or without qualifying memberships. Twowood

paulheep

I think staple scatches are enviormental damage and should not be graded unless noted on the slab. Grading companies "downgrading" these coins are just refusing to admit their mistake in rushing their grading process.

Paul

dorkkarl

the reality is: many coins have staple scratches, many are in every plastic slab, including pcgs & ngc, which is as it should be.

& yes, ALL coins are net-graded.

K S

Conder101

In the early days PCGS and NGC would not grade a coin with a staple scratch but would send it back in a body bag labeled Damaged. Now they net grade it and don't even mention it on the label. But they say their grading standards haven't changed. Right!

MacCoin

I wished pcgs would do a red ltag net grade but with all the coins they get I won't think they would have time for it.

Cam40

, ALL coins are net-graded.....BUT,If the coin is say,a 1916 D 10c and its technically a F-14,It could very well get slabbed VF-20 because its so sought-after.
Maybe all coins are graded technically but when its time to sell the hard-to-find stuff,thats where market grading comes in.
I hate `market grading`...adding ponits to a coin for its rarity.Let the market decide price based on `actual` grade ,not a hyped grade.

Gilbert

CarlWohlforth

Too my mind market grading/net grading, same same. Somewhat simplistic, but all in all, that's about how I feel about a fluctuating grading scale based on what the market will pay for a particular specimen at any given time. For example, a couple years ago a generic Morgan in MS65 could be had for around $100. When those very same gem coins started passing as MS66 and garnering more money, and left the community clamoring for "affordable" gems again, well those previously graded MS64s, got a grade and price bump and became todays generic MS65 to be had for around $80. Both grades assigned based on market value, and although one normally considers "net grading" a decrease in grade, essentially, it is because of the same concept; grade based on market value. In one case it is because availability and in the other it's because of some perceived "problem"

dorkkarl

<< <i>If the coin is say,a 1916 D 10c and its technically a F-14,It could very well get slabbed VF-20 because its so sought-after. >>

a coin that is technically < vf-20 could very well slab as vf-20 (or at least ought to). example: last year, i bought a 1850 seated half-dollar in a pcgs xf-45 slab. this is a rare coin in any grade, 1 that regularly sells for over book. technically, the coin was very, very strictly an xf-40, NOT xf-45. it had only the slightest hint of luster between the letters, had the wear of an xf-40, etc. etc., EVERYTHING that would say the coin was xf-40. so why did pcgs put a 45 on it?

no. the thing about that coin was that it was incredibly original, had picture perfect dark toning around the periphery, lighening a little toward the central details, not a single ding or scuff mark, absolutely zero defects whatsoever, just smooth wear that, if anything, gave the coin a better look than many unc's. i gladly paid AU money for this XF coin, because i know how rare that look is, & i know i can't possibly lose money on it.

note that the extra 5 points were NOT added because of the coin's rarity, but because of it's extremely attractive look. maybe your 16-d is the same? as a collector, i am always willing to gladly pay OVER full retail for a coin that is so outlandishly superior that it is a rare, once in a lifetime opportunity. & if you know what your doing, you CAN'T go wrong.

brings up another point, net-grading goes BOTH ways. so Yes, as someone pointed out earlier, net-grading really is the same as market grading.

bottom line: a "grade" is, as always, an OPINION that is meant to place a coin in the ballpark of a dollar figure (value).

K S

Cam40

I agree Gilbert.Grading standards do flucuate.PCGS et al,were a point or two tighter in grades not too long ago.Those flucuation are the reflection of the market `today`.

nwcs

Yes, I think all coins are net graded and market graded by everyone. Just that everyone's standards are different.