1955 DDO PCGS Slabbed, but not graded??
MarkW63
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Other than to authenticate a coin I also thought that graded was a major key aspect of the expert services provided by PCGS, NGC, and others.
For me seeing a coin in a PCGS coin holder but not graded is a first, can someone here explain to me as to the why someone would put a coin through the process and not be graded?
PLEASE! this isn't about the seller (dealer) or even the coin, I assume that there isn't a problem with neither, my question is only about the WHY would these coin grading services do this? Is it a money saver of some sort?
Thanks!
https://www.ebay.com/itm/154520922508?hash=item23fa2a298c:g:Y50AAOSw7XZgzN8z
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
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See the linked page (about halfway down) for no-grade codes:
https://www.pcgsasia.com/standards?l=en
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Okay, this No Grade Code # I take it that it was given to the person who submitted the coin and NOT included on the tag within the holder correct?
Wouldn't it make more sense for say PCGS just to send the coin back with a note stating the issue and that they couldn't grade the coin for this or that reason?
Thank you Mark for the Link.
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
the code is in the numbers above the barcode - 92
they usually put a details grade on it. VF/AU/etc
not sure why not in this case.
otherwise this is a valid, normal slab. look up the cert number.
If I remember correctly, back when PCGS started holdering problem coins instead of sending them back in a body bag, they used codes that are in the @MFeld link above. At some point they started listing the problem on the label instead.
I've getting a small collection of cracked open PCGS and NGC slabs now and with all of mine they've included a grade of some sort.
The picture below is of my 1955 DDO that I purchased from Angle Dee's as of yet I've not cracked this open, I want too that way it could reside in its place within my Lincoln album collection, but I also hate to (I'm torn)
But, when I see a coin like a 55 DDO slabbed I'm use to seeing a grade of some sort.
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
that's what MFeld was trying to tell you.
there is no grade. it has a code - 92 - which means it is not gradeable. the link he provided shows what the no-grade codes mean.
look in the numbers above the barcode and you will see the "92"
Edited to add a more detailed explanation of "92 - Cleaned".
I've seen a lot of slabs stating an issue with the coin,
Corroded,
Environmental damaged,
Cleaned,
Harshly Cleaned,
Rim damage, etc....
Here is one of my cracked open slabs, NO! I did not remove the coin to disguise a problem with the coin! The 09S-VDB was the LAST open date position in my album, I had waited a VERY long time, went through first getting a counterfeit to getting one at a fair price in a visual condition that I really liked. Over this issue I did start a discussion on the forum about clean, harshly clean coins. This coin had really nice details and to my untrained eye it had no signs of any type of aggressive cleaning or polishing. I took a little heat over that discussion too. What I got was a coin for a price of one that would have been a much lower grade and one that has been so mildly cleaned (to me and my collection) doesn't appear cleaned, and ITS NOT FOR SALE! and I plan on always keeping the slab it came in.
But, back to topic, this what I've seen when there is an issue with the coin found in the grading process.
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
Thanks, I was going to do that next, I was just working on replies to other comments in this discussion, and taking pictures too. Every ones input in my discussion is important so I try not to ignore anyone! (I read every comment).
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
This is correct. When PCGS first started slabbing no-grade coins, they did not include a details grade. They didn't call out the problem outright, but instead had the code which you could look up to determine the specific problem.
There are plenty of coins where authenticity is hugely important, grade notwithstanding. Yes, PCGS has since started to give a details grade (without a specific number--VF Details, not VF20/25/30 Details), but more important for many coins was simply a question of genuine or not. If you send a coin to PCGS and it comes back in a bodybag for an issue not related to authenticity (as used to be the case) then you had no proof of authenticity later on; you could swap any coin into the bodybag. Now that the coin is slabbed, it's value may drop because of the problem, but you can at least show that it's authentic, and for an oft-counterfeit coin, that has a lot of value.
Thanks for dropping that nugget here and taking the time to work the image in.
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
Opps posted by mistake!
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!
@MarkW63 How did you get that slab opened so neatly? I usually use a hammer to give the slab a couple of taps on each side and usually end up with broken edges and shards of plastic breaking off.
I also have a 1955 Doubled Die with the old holder before the Details grade was given. Since this date is so widely counterfeited, Its nice to know its authentic.
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That's what I said...
Well, I can see that your were referring to the different list of details, but! I wasn't just talking about details listed on the PCGS slab tags, when I said "I've seen lots of slabs stating an issue with a coin" that was to mean in total from the different grading services, NGC, PCGS, ANACS, and the others.
Thanks for your input!!
"I Prefer Dangerous Freedom Over Peaceful Slavery"
Thomas Jefferson!