1916 SL Quarter:NCS vs. ANACS??

DoctorPaper

I'm an old time collector. Got lots of raw coins, very few encapsulated ones. I have very little experience with any of the grading entities. I've got a 1916SL quarter I obtained many years ago. It's in nice shape, but I knew even when I bought it, it had some problems with slide marks, and maybe was a bit too "shiney" for its age. As far as wear goes, there's a touch on the right knee cap, and a pretty good strike on the head. But the price was right, and these things don't grow on trees, and it was the last SL I needed to finish the set.

A couple years ago, when values began to skyrocket, I thought I should get it encapsulated, if for no other reason than to protect it. I sent it to NGC, and as you can imagine, it came back ungraded as "cleaned." I put it back in the vault. This date continues to skyrocket in price and I really want to get it encapsulated. The questions is, what are the advantages/disadvantages of ANACS vs. NCS with this particular "problem" coin? Remember, you're talking to someone with very little experience in the 3rd party grader arena. Thanks...

Placid

Anacs will net grade a coin with problems like cleaning.
Ngc will send it back to you raw and keep your money.
Ncs will just list the problem and the details but not put a grade.

Here is a ncs coin.

airplanenut

I can't say which is better, since NCS coins are still relatively new. If the cleaning is light, ANACS will net grade it slightly, and that may be to your advantage, as a buyer will see it's a light cleaning. On the other hand, if it's a harsh cleaning, NCS will simply say ____ Details, and leave the severity to the buyer's opinion.

Jeremy

ziggy29

In this case, the advantage and disadvantages of ANACS vs. NGC or PCGS are moot, with one exception, that being the fact that ANACS will slab and net grade "problem coins." This is very clearly a PCGS/NGC bodybagger, so there's no point in even considering their merits for this coin. NCS, I think, wouldn't grade the coin but might authenticate it? (Not sure, going on memory here -- I'm not too familiar with them.)

And given this key date and the need for authentication, you definitely should send this off to ANACS or NCS.

goose3

NCS's holder is far more aesthetic and not to mention I am not a fan of ANACS and their "NET" grading. I feel that the boys at ANACS are essentially assigning a value to your coin based on their opinion on the severity of the problem.

I say leave that assigning of a value to the coin to the person buying it and have it holdered by NCS as "AU Details cleaned"

dorkkarl

if you ONLY concern is protection of the coin, i suggest you use SEGS. they're holders are BY FAR the best on the market, no question about it.

if you want to RESALE the coin, i'm not so sure a slab would even matter. such a nice coin in any of the major auction venues should do very well.

K S

flaminio

Either ANACS or NCS -- it won't make much difference with a coin of this caliber.

MFH

As a collector of Standing Liberty Quarters, I can assure you that the coin you have is a solid AU 58FH, lightly cleaned. As mentioned previously NCS will not net grade the coin, and it will sell on its on merits. I really don't know if NCS will list the coin with the FH designation.

ANACS on the other hand will net grade the coin to an AU 50, and may ( or may not ) list the FH designation. Its a tough call.

As far as SEGS is concerned, they will list the coin as an AU 58 FH but note the light cleaning.

Now, FYI, Heritage no longer accepts SEGS graded coins. I know this for a fact as my 1918/17-S AU55 Cleaned, with a 90% FH designation on its holder ( which was originally purchased on a Heritage auction a couple of years ago ) was refused by Heritage for auction simply because of the fact they no longer accept SEGS coins ! I had the coin sent to ANACS and it came back XF 40 .

The coin will be in Heritage's August ANA sale. Why do I feel like I'm about to take a bath on this coin ???

Good luck....its a tough decision.

DoctorPaper

Thanks guys for the great input, although I have to admit I'm still not sure what to do!!!!

jcping

> my 1918/17-S AU55 Cleaned, with a 90% FH designation on its holder ( which was originally purchased on a Heritage auction a couple of years ago ) ...... ANACS and it came back XF 40 ......... I feel like I'm about to take a bath on this coin ???

Mike, I think you will do okey. Today's EF40 price is higher than a couple of years ago's AU price.

jcping

For this particular 1916 coin, I believe ANACS will put MS detail, cleaned, net AU50 in its holder(I am not sure whether ANACS will put FH on its holder); nevertheless, it is a FH coin.

If you would like to keep your set completion, I would suggest you to make a deal with J. Chine; either trade your coin with one of his problem-free (slabbed) 1916 FH but in a lower grade holder, or pay the difference and get a problem-free slabbed AU58FH 1916 SLQ.

MFH

DoctorPaper,

When I started collecting SLQ's , the 1916 was always out of reach, first financially, then because of scarcity. When I liquidated most of my collection back in the early 1970's, the only set I regretted selling was the SLQ set ( it wasn't complete, missing the 16, 18/7-S and 27-S )

Fast forward to the mid 1990's and I picked up collecting again; thinking that I'd be satisfied with another choice AU set of SLQ's in raw state for my old Whitman Bookshelf Album. Well, as fate would have it, my first 1916 was an AU 53FH in a PCGS holder ( purchased from Jay Cline ). A year or so later, I picked up another 1916 in a PCGS 58FH holder ( again, from Jay ). The dilemea I faced was cracking the AU53FH coin out and putting it into the raw album. I just didn't have the heart to do it.

The point to the story is this: alot of collectors must feel as I do, cracking a coin out of its holder is very risky ( at least for those with little experience in doing such ). Finding a very choice AU (MS detail, cleaned, net AU 50FH ) is quite uncommon placed. You may have better luck selling the coin in its raw state to someone who's looking for the date for their Dansco, Whitman, etc., album, than if you were to get the coin holdered, in an other than "top" TPG holder (ie: PCGS/NGC).

My suggestion is to get yourself a nice brand new Dansco Standing Liberty Quarter album, gently slide the 1916 coin into its slot, (making sure that the coin is recessed deeply enough that the clear plastic slide doesn't come in contact with the surface of the coin), then start looking for the other dates in the same general condition (not cleaned though) as the 1916; before you know it, you'll have a collection for which you'll be very proud of, and a set that will provide you with untold hours of enjoyment.

If you don't want to start this collection (you have the key to the regular set )...then sell the coin to me

BillJones

I much prefer ANACS over NCS. I hate the look of the NCS holder, and sometimes letting NCG get money for putting a coin in an NCS holder is rewarding them for bad behavior after they have BB'd a coin without cause.

I had a 1916 standing lib quarter that had been cleaned and recolored with something looked like shoe polish. I sent it to ANACS mostly to have it established that it was genuine. The coin had Choice VF sharpness, and I was hoping it would net grade to Fine or even VG-10. I was truly amazed when it came back in a VF-35 holder with no negative comments.

Knowing the coin’s history, I was not about to sell it to one of my customers without a disclaimer, but I did not have to worry about that. The dealer who had submitted the coin to ANACS for me was all too eager to buy the piece for what was then strong money, and I sold it to him.

Still, given the strong market for these coins, I don’t think that you will have any problem selling this piece in an ANACS holder for a strong price. At the Baltimore show I saw one in a VG holder from one of the “big two” grading services that had a weak date. Despite that the asking price was still almost $6K. If I were a collector, I’d much sooner have your piece, with all of it problems, than that coin, which had a date that was barely readable.

coinkat

Though date with significant demand. I would choose ANACS and would not have the coin graded, and I would just have the holdered to determine that it is authentic. This coin was obviously dipped and even if it has some slide marks, the coin itself may not warrent a net grade. The coin is what is and I don't think a grade will influence the sale of the coin, but having it authenticated will. Just a friendly suggestion...

ddbird

Anacs it...

lloydmincy

Heritage will take SEGS holders. Just depends WHAT IT IS. In May, CSNS Sig sale in Milwalkee for example, one of the 1794 dollars (lot 7928) was in a SEGS holder. I have something else in a SEGS holder, and could change the holder, but Heritage has been trying to get me to consign it for a while, no matter what the holder. They'll take them.....

dorkkarl

btw, my 1916 sits very proudly in it's dansco album. i grade it borderline xf.

K S