1806 Draped Bust half dollar. 1806/5 O.101

Baley

grade? overton? slabbing co?

is it "original" enough? (stman ;-)

MrEureka

I'm too lazy to pull out my Overton, but I refuse to let Cameron beat me to the puch. It's an NCI holder.

cohodk

1806/5 O-101 F-15

JrGMan2004

I want to call this a VF25. And dam gorgeous to boot!!

OKbustchaser

<< <i>1806/5 O-101 F-15 >>



The attribution is right, but if you bought this for even close to fine money I want to talk to your dealer. (or to cohodk if he can.)

coinkat

Nice coin VF30...

Varlis

You've done it again.

Numismanic

VF-30, and very nice coin Baley!

stman

<< <i>is it "original" enough? (stman ;-) >>



Looks like a decent coin Baley. Congratulations and thanks for sharing.
Heh, You should know if you put my name in the thread it's gonna die quick.

Baley

if you put my name in the thread it's gonna die quick

well then I'll just reveal the answers, since everyone got them right anyway!
(thanks for the votes of VF+ )



It's an NCI holder

Indeed it is, Andy.

<< 1806/5 O-101 F-15 >>

The attribution is right, but if you bought this for even close to fine money I want to talk to your dealer. (or to cohodk if he can.)

yes, If someone has this type of coins to offer me for Fine $$, please PM me with pictures!

yep it cost $300 did i doo good?

I think it's a rock solid 20 and "stone original" as the stman says, is old NCI as good (conservative) as "old pcgs"??

cohodk

Nice coin Baley. I like being the outlier on the grading. Keeps the average in line

oreville

Bailey: You done good!

Placid

Cool plastic
Did you get the photo certificate with it?

Baley

no, I wish I did! anyone have a picture of one of these photo certs?

anyone know more about NCI and are they still in business?

oreville

I have several generations of the NCI slabs.

Conder101 posted this here on December 4, 2002 about the history of NCI slabs:

NCI was one of the early certification services but they never got any respect. During the time they were active the Bluesheet typically listed NCI certified coins as being worth 45% of bluesheet. This was well below their ratings for ACG. Today when I look at NCI graded coins I am actually impressed with them. I think the market just feels that it has to have someone at the bottom of the heap to dump on. In the late 80's that was NCI. When they folded ACG became the whipping boy. (Before NCI it was INS that got stomped.)


NCI (Numismatic Certification Institute) Started by Heritage Rare Coin Gallery in 1984. (Some sources say 1986, Jim Halprin in the NCI grading guide says 1985.) NCI quickly became "known" for overgrading coins consistently by one or more grades thus allowing a dealer to offer bargain certified coins. These were often sold to "investors" who knew nothing about coins and who were simply buying a number. NCI coins were considered to be a joke in the collecting community, often listing at half the price or less on the bluesheet compared to the same grade from other firms. Heritages' image suffered during this period since, being the parent firm, they often had many NCI coins in their fixed price lists. NCI eventually faded away some time in 1990 or early 91. Eight types of certificate, at least one type of slab. I can't rectify the dates of usage on the certificates. Several different varieties appear to have been used at the same time.

1. Copyright 1984. The single example seen so far was dated in December of that year. This is the only certificate that gives NCI's address as being on Elmsbrook Drive.

2. Photocertificate of a style similar to ANACS 5 Seven lines of text on front label, third line starts to the right of line two. Owners valuation on front of certificate. Text on back upright relative to front. NCI's address is now in the Heritage building on Market Street. Copyright 1985. Has disclaimer "This is not an ANACS certificate". Earliest date seen 4/23/86. Latest seen 1/29/87

3. Same but now the third line starts to the left of line two. All seen have been dated either 6/29 or 6/30 of 1987 except for one specimen seen dated 2/5/87.

4. Several significant changes have been made to the back label. The address is now in a tiny font under the company name. This is the only variety that is like this. For the first time the owners valuation of the coin appears on the back (In a box on the right hand side.) instead of on the front. Only one seen, dated 6/04/87

5. On the back the company name now reaches all the way across and the address is in a larger font. One seen, dated 6/22/87.

6. Top three lines the same as #3 but now front label has only six lines of text. Owners valuation has been moved to the center of the back of the certificate. Back text is now upside down relative to the front. Copyright 1987. Non-ANACS disclaimer is gone. Earliest seen 3/5/86!, latest seen 7/8/88.

7. Top line of text slants to right. It is vertical on all other varieties. There are again seven lines of text on the label. The companies guarantee, for the first time, is three lines in length. All seen so far have been dated between 10/16/87 and 1/5/88. Used in conjunction with NCI 9.

8. Similar. New section for "Notes:" added to front of label and box stating "Read important notices on back" added at bottom of label. The notice on the back label amazingly admits that NCI grading standard are looser than those on which Coin Dealers Newsletter (and basically the bulk of the market) are based on and therefore they won't bring as much. Copyright date is 1988. Used in conjunction with NCI 9.

9. Standard 3 X 2 1/4 inch slab similar in shape to the PCGS slab. These slabs were issued along with #7 & 8 and may have been used on its own beginning in 1989.


-------------------------
slab collector and researcher
reported as of 4/5/04
106 companies
285 production varieties

Myqqy

That's a wonderful looking bust half- where did you find this one??

Conder101

Here are pictures of the front and back of the NCI 8 certificate.

kieferscoins

<< <i>but I refuse to let Cameron beat me to the puch. It's an NCI holder. >>



You beat me big time. LOL. I wouldn't call that slab rare. They might be hard to find but it is not rare.

Cameron Kiefer

OKbustchaser

>>But never mind the coin, RARE NCI SLAB oh boy!>>

Great! Bust her out and send her to me. You can keep the rare slab.

Jim

Baley

I like being the outlier on the grading. Keeps the average in line



Re NCI,

thanks oreville and conder, that's interesting!

what does NCI stand for?

where did you find this one??

Myqqy, reeled it on from the Bay of EE

cameron,

I wouldn't call that slab rare. They might be hard to find but it is not rare.

I say it's a rare and valuable slab! pop 1! show me another DB half in an NCI slab~!

oreville

NCI = Numismatic Certification Institute ....it says so right on the certificate.

(Sounds very educational)

Conder101

<< <i>what does NCI stand for? >>


Look at the back of the certificate, at the top.

Baley

No, no, I mean, what do they stand for... what are their values, their ambition, their credo?

Nysoto

Baley,

Nice original 1806/5 O.101 overdate! Looks VF20. This overdate is tough to see, just the tip of the 5 appears above the six, and a bit of the the inside loop. Some collectors say the 0 was punched horizontally, then repunched correctly. This overdate has the same OBV for 101, 102, and 103. The 1806/5 O.104 overdate is much more visible, but is a very scarce variety. O.104 is also the only overdate in the entire bust half series to be overdated with a used Obv die, on 1805 105 and 106. It was annealed, overdated, hardened, then used until shattered.

Baley

Yep Nysoto, just open up Overton to the 1806, there it is, first page, no need to look any further ; all the little die cracks are in all the right places, just as he describes. You're right, the overdate is very tough to see, I will try to take some closeup pics of the date later today, and I agree with the collectors who think the 0 in the date is over a horizontal 0, I see the first 0 clearly inside this one.