NNC Grading

carzzy · April 25, 2008 11:41PM

Coins graded by NNC....How accurate are they at grading a coin properly?

commoncents05 · April 25, 2008 11:43PM

Not even close 100% of the time.

-Paul

Mercury10c · April 25, 2008 11:45PM

Divide the grade on the holder by 2 in order to get the correct grade.

adamlaneus · April 25, 2008 11:45PM

Based on what I have observed personally on eBay and at shows, I don't think that NNC grades, nor certifies coins at all.

It seems to be all run by this person with an eBay handle of 'centsles'. And he appears to be litigious as well.

Here are some links for your perusal.

Link 1

Link 2

FilthyBroke · April 25, 2008 11:45PM

I wouldn't trust their grading opinion. Sorry.

JCMhouston · April 25, 2008 11:45PM

Keep in mind I have only seen a couple of allegedly NNC MS coins in hand, the rest were just photo's. I'd rank them about as accurate as my Schnauzer (and he has cataracts) in MS grades, what they had as 67's (early commems) were more like 62's.

nutz4coinz · April 25, 2008 11:45PM

NNC is a 4 letter word around here.....

FilthyBroke · April 25, 2008 11:49PM

Here's an example - NNC graded MS67red ---- (don't ask why I have this)

agentjim007 · April 26, 2008 12:00AM

NNC Grading

Walkerguy21D · April 26, 2008 12:15AM

<< <i>Not even close 100% of the time. >>

I would agree 98% of the time. I acquired two NNC holdered buffalo nickels a number of years ago, alledgedly just after the started, a 14S and 31S, both in AU55 holders. They are comparable to any PCGS or NGC coins of the same grade. Thinking, Ok, a new alternative to the big two, I began watching for more.....and have not seen anything close to be accurate since then!
I wonder if I should resubmit these two for an upgrade eval

ricko · April 26, 2008 12:21AM

Each example I have seen (not many... a table at the gun show had some) were very overgraded... not even close IMO.. Cheers, RickO

TwoSides2aCoin · April 26, 2008 12:24AM

They don't grade. They encapsulate and render a lousy opinion.

Of course, don't take my word for it !

carzzy · April 26, 2008 12:46AM

Thanks for the opinions....I figured as much! The reason I asked this question is that I find it so hard to believe that grading companies such as NNC could be so wrong in grading coins and still be in the business.

adamlaneus · April 26, 2008 12:49AM

Two reasons they will be around for a Very Long Time:

It's easy enough for them to sell a slab or two to a new collector prior to that collector realizing their money has been wasted.

The proliferation of problem NNC slabs going from person to person on eBay gives an illusion of extremely high popularity when it is just extremely high turnover.

SeaEagleCoins · April 26, 2008 12:54AM

I once did a rather expensive experiment...well...about $1000 worth...

I bid on a large number of coins in their holders...all Buffalo Nickels...they were touted on the holders as MS...mostly 64-66...

I only bid AU sheet on all of them...and won a sizeable amount of lots...lost a few as well...

Anyway...when I got them in hand, there was nothing to do but crack 'em out and assign proper grades to them...

Out of around a box worth (20) ... maybe 2 were low-end MS...61 or 62...most were AU...and at least 3 were cleaned...

I do not even consider auctions with coins in their holder...and that goes for any company other than the recognized "top" 4 TPG's (or should I say the "top" 2x2 TPG's)... gotta have a guarantee or the label on the holder means nothing...

Even with the coin in hand...if it is in a questionable holder...crack it out to examine it "raw"...otherwise, I'll pass...

BloodMan · April 26, 2008 1:11AM

Coins graded by NNC....How accurate are they at grading a coin properly?

I would be very cautious with NNC graded coins. While the grade on the holder may be exaggerated, the coin may also have obvious signs of cleaning, eg, hairlines, muted luster, rim damage, etc, that are not indicated on the holder.

The dealers that promote such “3rd Tier” slabs assign a grade and designation on the label in order to maximize their profit. An example is below--the coin was offered on eBay in a holder indicating the coin was cleaned. A day later, the listing was removed and relisted in a new, “no-problem” holder. The difference in final value between a cleaned and uncleaned 1878-CC $20 would be greater than $500.

roadrunner · April 26, 2008 1:48AM

NNC = Never Numismatically Correct

Ironically, their owner, is one of the best graders in the business.
How do ya like d'em apples? He can grade fine when he's buying, just not so good when he sells.

roadrunner

fc · April 26, 2008 2:46AM

nnc does not grade coins. they are a plastic holder created by a rip
off artist. one day the maintainer will die and the world will be a
better place.

droopyd · April 26, 2008 3:48AM

In addition to being overgraded, I think just about all of their coins have been messed with to make them look "purty." Most of their copper coins at least look off-color in some way.

fcloud · April 26, 2008 3:52AM

I picked up an NNC Merc way back when. It was in a 67 holder--PCGS graded it 65.

roadrunner · April 26, 2008 5:13AM

I've actually won some auctions from Centsles but they were top tier graded and with decent photos to judge them. They were fine.

I've seen him outbid me and everyone else most of the time for old holdered PQ coins on ebay. I don't know what the does with those but I can guess.

roadrunner

cmerlo1 · April 26, 2008 10:18AM

I actually had to deal with NNC today...I was at the Waco, TX show w/a friend of mine who'd been approached by an acquaintance to possible buy a couple of better-date Morgans (complicated, I know). Both were in NNC slabs. One was a 1899 Morgan, NNC graded MS-65 PL, and the other was a 1891-CC graded NNC MS-62. My friend asked for my opinion before he made an offer. The 1899 had somewhat reflective fields, but was neither PL or MS-65. The owner heard me tell my friend this (my friend agreed with me), and was very upset, pretty much telling me I didn't know what I was talking about. The 1891-CC had spattered brown toning all over both sides, and looked AU to me. It was, by far, the ugliest Morgan dollar I've ever seen. After the owner's reaction to the 1899, I kept my opinion to myself on that one. The sad thing is, judging by the owner's reaction, he probably bought these at 65PL and 62 prices. I also have the feeling I wasn't the first person to tell him that about the 1899. I actually liked the 1899 as a 63, no PL, but would've passed on the '91-CC.

oxy8890 · April 26, 2008 10:23AM

NNC is the best grading company out there.

Signed

The owner of NNC

Counter Signed

The Owner of NNC's Mother.

All kidding aside, an NNC coin is usually looked at as a raw coin.

My only experience was with an NNC MS66RD penny that crossed into a PCGS MS63RD slab. Most experts at that time could not believe I owned a holdered NNC coin that slabbed at PCGS.

7Jaguars · April 26, 2008 12:16PM

Ditto on the cleaned copper and saw it in British copper series as well.....

Unknown · April 26, 2008 12:30PM

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Tyler1924S · April 26, 2008 12:34PM

Not even purposefully bad pictures can hide it.

NNC Grading

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