
Chronicles of a Numismatist: Grading Woes
I am a PCGS fanatic. I like NGC and ANACS also, but for me the aesthetic appeal of the PCGS holder along with the high prices realized made it easy to go with. I appreciated early, when I first started, David Hall's video market report that he would make almost on a weekly basis at one point. With their video series on coin grading as well, it again made it easy for me to send my coins to them. Albeit I live in Florida, and NGC is in my back yard too. This recent submission was based on the 4 coin free grading submission I received for the level of service I currently subscribe to. I have too many choices, which is a good thing, but I figured I would use the 4 coins I have which are brilliantly toned. (I love errors and you can't send errors on the free submissions you receive, I will probably never submit toned coins for that service either ever again). Yeah, I am a little touchy on this as you are reading. Hence perfect article in my opinion because not all of our hobby is roses and sunshine days. Sometimes in our best efforts we receive epic fails or mishaps that tend to semi halt the progression, but only for the purpose of learning from my error(s) so that I don't do it again. Never halting to stop collecting, not even close. So 3 explanations on my choices for submission: A) My first choice was the 1886-P Morgan. I bought this around 3-4 years ago from a small dealer outside of Orlando. It was in a 2x2 stapled flip (can't stand those) and when I saw this coin I knew I had to have it. It was not priced at a toned Morgan pricing should have been, but the color and toning did not scare me nor brought any concern. B) 1963 Washington Proof Quarter. This was purchased through a huge purchase I made from a 2 generational family collection that was turned into the Boy Scouts 1-2 years ago. I bought a complete 1955-1964 Proof set 2 fold, One set complete unopened OGP and One set opened OGP. The Grand Father and Father bought tons of the same year and just hoarded them year after year. Mercury Dimes, Morgans, Peace Dollars, etc. So I opened the sealed sets I had because I was nosey and wanted to see how they looked. The 1963 Proof set screamed from the Washington. The Franklin has toning across the bust of Franklin but nothing like this Washington. The dime has some toning too. C) The 1962 Franklin and Washington come from a OGP '62 proof set. These along with the dime and nickel are wonderfully toned. The dealer that sold me the set actually wanted to not sell it to me because after he took it out of the case I continued to look through his shop and he came around to show me the packaging the coins were in and said that he didn't like the toning and didn't want to sell it to me. I said I still wanted it, especially since we had talked for 1/2 hour about grading services and how he offered to always submit coins for me if I chose to. So February I decided to submit my coins for grading and used my 4 coin voucher for this. About 4 weeks ago I received the grades and photos and ALL the coins came back Details- Questionable Color. I was pissed. Honestly, I am by no means a perfect expert and would not call myself an expert but to receive 4 back questionable? Man, I just said to myself, "Never again a voucher for a toned coin". Not a chance. I submit raw coins, and with raw coins I get the adherent risk reward. But these 4? To me I don't get it. You see Morgans that are outrageously toned with pinks and lime greens. I have seen a major auction house have a graded Washington that was highlighter yellow and it was mint state. The PCGS Rare Market report one month had that substantially Gold Coin that was Red and Blue toned all over... Gold! So I had to ask myself are they saying I doctored the coins? What does each coin stand in it's own merit?I finally determined they don't believe I doctored the coins. Had they, I believe they would have not graded and sent them back to me. Okay, then what are they saying? I researched the auction house I mentioned earlier and also NGC. (I wanted an alternative TPG because I needed to see if they have received similar coins that I have and gave same grading). I did find a ton of NGC Morgan toned coins that have both obverse and reverse with a halo ring of toning and they Detailed Graded the coins. Buttttt... after I was just about to stop I found an equally amount of Morgans from NGC with Halo toned rings with full grades. Now I am back at square one. What about the '62 Proof coins? Well the pictures don't do it justice. The orange and amber looks like a forest fire on the coin especially with the dark spots looking like ashes. I have only seen one or two Franklins close to that and they were both Net Graded by PCGS. The '63 Washington Quarter? I haven't seen the blueberry color like that obverse and reverse. It is brilliant and wonderful. What I have seen is a huge gathering of toned Washingtons in auction houses that have vibrant toning and sometimes reminiscent of colors from Morgans and sometimes out of this world. I have noticed that coin series tend to have toning that is particular for that series. My Proof nickels I have from these sets, some have that awesome dark blue or bright blue that you see in pictures on PCGS coinfacts, but that particular toning isn't found on Proof Washington or Proof Franklin coins. But I research toning and study it. Heck I collect antique silver and some of my pieces tone magnificently and other pieces go dark very fast. Where do I stand? Well I could send these back saying you got these wrong, but I am skeptical. I do plan to take these to one of the dealers I have a strong relationship with to talk to him and see what he thinks. For now though I have to sit and practice social distancing. But when this ban is lifted I do plan to make an appointment and receive a good educational experience. This will be updated once I speak with him.