NCS certified Binions...a question please

uofa1285

Does NCS certification necessarily mean the encapsuled Binion is a problem coin?

Thanks,

Doug

airplanenut

That's what I wondered... all they say is "Genuine," correct? If that's the case, is it like ANACS genuine where neither grade nor problems are noted?

stman

Good question and I wondered about this myself a while back. I believe some of them are indeed problem coins. Some of them have real environmental damage (note... not just normal toning for the blast white fans out there) And my own personal opinion is some of them went to NCS because quite possibly NGC didn't like the looks of them and didn't want them in the regular graded "Binion Hoard" holders. Just an assumption on my part, but others have agreed with this. The coin below I really see nothing wrong with it.

OK, maybe it's dark toning in some of the areas. It grades MS63 IMO. Got it cheap and I thought the double crescent was unusual looking.

uofa1285

ttt...thanks for any info.

Doug

Dog97

According to Brian Sillman, Assistant Diretor of Operations @ NCS they are "interest coins."
Not all of them are problem coins; some have advertising stickers on them that collectors collect much like Civil War Tokens and low grade circs not worth the cost of grading.
But yes, most of them are problem coins that wouldn't grade out or are not good candidated for conservation.
The one stman posted for example is so heavily toned it would probably NG for enviromental damage and if it were dipped to remove the ugly original tone you would have a dull washed out etched surface. I happen to like stman's Morg, it might not be pretty but it sure is original, which makes it pretty to me.
Here's an NCS Binion that just plain wore out, certian;y would be an embarrasment to the fancy Binion holder:



Here's one with an advertising sticker that could have had the sticker removed & slabbed but it's worth more with the sticker:

Johnscoin

Dog and Brian Silliman are correct...The Binion coins in NCS holders are not all problem coins...most probably aren't worth the grading costs...Some do have environmental damage, etc. but quite a few have attractive and interesting toning though and aren't damaged...

uofa1285

Thank you all very much.

Doug