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Myth or Fact? British gold in small Anacs holder undergraded

sovseekersovseeker Posts: 13
in World & Ancient Coins Forum
Recently I bought this 1871L no die shield sovereign from EBay. It is in an old small Anacs holder. I was cautious in my bidding and bought it at around Spink EF value (which I believed was appropriate for the MS62 designation). I am not that familiar with PCGS grading as I have handled more NGC coins in the past but apart from numerous die brakes, this coin is suburb! Any ideas how would grade in a PCGS holder? Also will PCGS attribute the “no die” variety?

Holder 1
Holder 2
Obverse
Reverse

Comments

  • theboz11theboz11 Posts: 6,576 ✭✭✭
    I suspect that one would not cross that high at PCGS, I like anacs but have never considered them a company that undergrades compared to say PCGS. None of them are totally consistant.
    My Medals collection

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  • coinkatcoinkat Posts: 23,845 ✭✭✭✭✭
    Nice looking coin. I tend to stay away from myths in connection with TPG companies. Each coin has to be looked at very carefully to determine whether a grade is appropriate. Has ANACs undergraded some British gold, and for that matter, other world coins? I think the answer is yes. Would I buy a coin just because it is in an ANACs holder? No way. The real questions one has to ask are these: Do you pass over a coin just because it is in an ANACs holder? Do you buy a coin just because it is in a PCGS or NGC Holder?

    The coin deserves far more consideration than the plastic in which it may be currently housed... this is not a slap at TPG, its just to serve as a reminder that collectors need to understand the components of grading, the concept of quality for the grade and in this instance, not all MS62 coins are created equal.

    Experience the World through Numismatics...it's more than you can imagine.

  • StorkStork Posts: 5,207 ✭✭✭✭✭
    Hard to say...I have a nice MS-63 double sovereign (how do I make the pound sign on a US keyboard???) that is in one of those holders. I think it is fairly graded and would not expect it to go higher.

    Mine was slabbed it in 2003--I bought it from one of my favorite forumites back when I was in Japan and I carried it with me when I went to a coin show while I was on vacation in Hawaii. Submitted at the show. Don't think I would sell that one ever image.

    I can't say I've seen enough to make a good answer to your question about the grading in general though.


    Cathy

    edited to add: looks like Coinkat is awake early Saturday too...I like his answer!

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