Take a look at this Ebay auction. It's an 1893-O Barber quarter slabbed as genuine but is not graded. I guess I didn't know this was possible. Why would you want to only authenticate a coin without having it graded?
ANACS has offered that option since 1972. In fact ALL of the services offer that same service upon request. But since the fee is the same as it is with grading most people just go with the regular submission. You might consider this option if you have a problem coin that would not get slabbed as it would still allow you to get it into a slab. Even PCGS may allow this at times. For those with my book, back in the Miscellaneous section under PCGS you will find an ungraded colonial in a PCGS slab labeled Cleaned and Tooled. Now under their regular submission policies that coins should NEVER have gotten into a slab. But it probably did under an authentication only submission. The problem is you probably can't mix the submission types so you can't send in under the grading option and tell them to slab the rejects as authentication only in order to avoid body bags. You would have to send the body bags back in as authentication onlys and pay a second fee.
And the ANACS slab pictured in the auction was issued AFTER ANACS began net grading on slabs.
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And the ANACS slab pictured in the auction was issued AFTER ANACS began net grading on slabs.