One of the most discouraging submissions this year was returned from NGC, a sampling of Franklin half dollars graded by reliable companies (ANACS, ICG, PCI) that looked good online and even more so in my palm.
I sent them as crossovers to NGC, which refused to grade an ANACS 1959-D (hairlines) and a PCI 1961-D and 1962-D (marks). In all, six of 10 coins sent to NGC that day came back with details. I could accept three such designations; but not the ones about hairlines and marks. I just couldn’t see any. (Click on any image for a larger version.)
What was going on? All three should have graded.
When you are faced with this situation, you can return the coins for reconsideration or send them to another grading company. I did the latter because I wanted to determine if PCGS saw the same flaws in these lovely coins.
PCGS reduced the grade from MS65 to MS64 of the 1962-D Franklin Half Dollar and crossed the 1961-D. Not only did PCGS holder the 1959-D half; the company also increased the value of the coin by adding the attribution FBL (full bell lines).
The lesson here is not to fear Details or Genuine holders if you honestly disagree with the designation on the label. You can ask the company to reconsider (the basis of a future column, as I am challenging a recent ANACS grade) or send your “Did Not Cross” coins to another top-tier company.
You can justify the expense under numismatic experience. If you’re going to succeed as a collector, you’ll have to pay your dues … or slabbing fees.