Why Won't ANACS Grade Colonials and PCGS Won't Grade Medals?
braddick
Posts: 23,970 ✭✭✭✭✭
Other than the Fugio, ANACS will not grade Colonials but will medals. PCGS, on the other hand, won't grade Medals but will Colonials.
NGC grades them both (so does SEGS).
Anyone know why the policy at both grading firms?
NGC grades them both (so does SEGS).
Anyone know why the policy at both grading firms?
peacockcoins
0
Comments
The certification of medals is pretty limited because of their size. No one except perhaps NGC by virtue of the fact that they are issuing large holders has a container large enough to hold them.
easy, it's a conspiracy.
al h.
<< <i>If you don’t have the expertise to do the job, it’s better not to do it at all. The certification of medals is pretty limited because of their size. No one except perhaps NGC by virtue of the fact that they are issuing large holders has a container large enough to hold them. >>
First, I have about two dozen NGC holdered metals and the largest is maybe a tad bigger than a Morgan dollar. Bottom line is they ALL would fit into PCGS holders. NGC has been holdering Medals for years.
Secondly, it's difficult to image the graders of ANACS don't share the expertise to grade Colonials!
Keets:
peacockcoins
Why ANACS doesn't do colonials is beyond me -- they seem to love doing stuff no one else does.
<< <i>Other than the Fugio, ANACS will not grade Colonials but will medals. PCGS, on the other hand, won't grade Medals but will Colonials.
NGC grades them both (so does SEGS).
Anyone know why the policy at both grading firms? >>
The Fugio is NOT a colonial...it is the first US cent and should be listed as such in price guides and albums.
Numismatic errors tend not to correct themselves over time. The errors just continue to be accepted forever.
Tom
<< <i>The Fugio is NOT a colonial. >>
I agree, but it's really just nit-picking. "Colonial" is not the correct term, but a sufficient catch-all for "stuff circulating in the territory currently known as the United States but made before the Act of 1792 and not the product of a foreign country".
less concerned about the grade of medals. This results in lower demand to have
them graded and less value in hiring the expertise to do it.
<< <i>Much of the reason that medals are not widely graded is that most collectors are less concerned about the grade of medals. This results in lower demand to have them graded and less value in hiring the expertise to do it. >>
Makes me wonder if NGC makes a profit doing so or if they simply grade and holder them out of their love for the hobby.
peacockcoins
otoh, not grading medals is the right stance on pcgs's part. i mean, what are the standards for grading an indian peace medal between vf-25 & vf-30?
K S
<< <i>considering how poor a job pcgs does grading colonials, i don't really consider it "grading" at all. otoh, not grading medals is the right stance on pcgs's part. i mean, what are the standards for grading an indian peace medal between vf-25 & vf-30? K S >>
Wear? Surface preservation? Kind of like coins.
peacockcoins
K S
<< <i>"Colonial" is not the correct term, but a sufficient catch-all for "stuff circulating in the territory currently known as the United States but made before the Act of 1792 and not the product of a foreign country". >>
What do you consider Vermont coppers? Vermont WAS a foreign country. They were no longer a British colony, they weren't claimed by anyone else, and they weren't part of the United States. They were and independant sovereign entity, in short their own country.
<< <i>but where's the volume of background material for comparison gonna come from? how many betts medals are extant, for example? K S >>
PCGS grades Patterns. Even with miniscule mintages, no one here seems to have a problem with PCGS grading them.
peacockcoins
<< <i>What do you consider Vermont coppers? Vermont WAS a foreign country. >>
All right... how about "stuff circulating in the territory currently known as the United States but made before the Act of 1792 and not the product of a foreign country unless that foreign country subsequently became part of the United States".
What do you consider Vermont coppers?
(of course, i think NOTHING shold be slabed, but i'm talking in the context of your question)
K S
<< <i>What do you consider Vermont coppers? >>
A Darkside coin, usually collected by die variety and often collected by collectors of State coinages. (The Connecticut, New Jersey, and Massachusetts coinsages aren't colonial either. They are State coinages, issued under the Articles of Confederation which allowed the individual states to produced their own coins.
<< <i>What do you consider Vermont coppers?
A Darkside coin >>
Fair enough. FWIW, here's what Coinfacts.com considers "colonials". Not saying they're right or wrong, but my personal inclination is to lean toward more rather than less inclusive.
Of couse, none of this helps with braddick's wondering as to why ANACS won't slab them. It seems right up their alley, especially considering many of these sort of coins are damaged and/or often faked, and thereby in need of solid authentication.