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Another coin I sent off in the same batch as my other Britannia coins was this 1998. 1998 is the first year of issue for the Britannia silver coins in the business strike or "mint state" version, a year after the introduction of the proof version in 1997. This is not one of the rarer dates in terms of mintages, but it is desirable as a first year of issue in a series. I bought it on eBay for a decent price, but had no idea what the results would be for a cross grade. As with the other coins in the submission, this coin was sent in for the modern tier NCS/NGC conservation and grading combination. This costs $28 as of this submission, but with the shipping cost, insurance, submission fee, this coin cost a little over $30 to grade. This is not a true "crossover" as it is not a PCGS slab, but NGC will remove a coin from an ICG slab if the waiver is signed with the submission. This coin, as you can see from the photos, came back an MS 68 in an NGC holder. the 1998 does have a population of 3 in MS 70 on the NGC census and a fair few in MS 69. I believe the MS 68 is a result of a stain near the queen's effigy in the field near the back of her head. It looks like a drop of water hit the coin, evaporated, and left a ring like you would see on a coffee table. It is very small and not that noticeable, but it could of course knock a coin down a grade. One thing to note about this, the ICG slab designated this coin as DCAM for deep cameo. This is not one of the coins that is recognized as having cameo with NGC because the fields are matte and the design is reflective. I've noticed on modern reverse proofs they also don't get a cameo designation. As with the other coins the original label was sent back to be in the flip used during the grading process, but unlike the other ones this flip had two NGC stickers on it. It isn't easy to see, but beneath the second sticker there is a SMS on the original label that NGC used. SMS is an acronym for Special Mint Strike that is usually given to US coins that aren't proof coins, aren't business strike coins, but have a nice matte finish on them like this coin. Again, this doesn't add any value to the coin, but it was interesting to see the process that NGC first assigned the wrong designation - probably because of the ICG label showing the DCAM designation - and then at some point a grader or conservationist corrected it. Well SIlver Forum, what do you think about this coin, is it a grading success or failure?
Continuing with my submission to NGC, I submitted two 2010 Britannia Silver 1 ounce coins that were holdered in ANACS MS 70 slabs. These coins were submitted as modern conservation, a tier that combines the conservation and grading costs to $28 total, and NGC will remove the coin from the holder, but will not honor them as a cross-grade like PCGS holders. I've received them back in the NGC holders, and have photos posted below. I was pleasantly surprised that one came back an MS 70 in the NGC holder as popular opinion is that these come back a grade lower. Even the MS 69 is a victory to me considering the price I paid for that coin. Total, the MS 69 cost me a little over $67 which includes the grading fees. I highly doubt I could get an NGC graded MS 69 2010 on an auction website or from another collector for that price. I'm hesitant to think there is an advantage in buying ANACS coins and then submitting them for NGC grades, since I have other examples I will post that didn't turn out as well. However, a good deal on a coin is a good deal regardless of the holder it seems. Side note! I really like how NGC sends back the original ANACS label in a flip as well. It is not worth anything necessarily, and I doubt it matters to most people, but I really enjoy seeing the "history" of that specific coin from probably a raw coin to an ANACS holder and on to an NGC one now in my possession. Silver Forum members let me know what you think!
Well the coins finally came back today! I was very excited to sign for and open this box from NGC and I will post the remaining successes and disappointments from this submission in the coming weeks as there are "themes" to my submission. I posted last week about two coins I really enjoy having in my collection and showed images of them - as purchased - in their ANACS yellow holders. See the link embedded in this topic. The first was a 2013 50P SS Gairsoppa Britannia coin which was graded MS 67 and the second was a 2014 50P SS Gairsoppa Britannia graded MS 69. Some mentioned the ANACS grades tend to come in one step lower (I would expect an MS 66 and MS 68 respectively) when submitted to NGC. I'm very pleased that this was not the case with these coins! The 2013 came back an MS 68 DPL - a full grade above the ANACS holder and with the Deep Proof Like designation. The 2014 came back an MS 69 same as it went in and also with the desirable DPL designation. Aside from the grading results making me very pleased with my original purchase, I wanted to post that I submitted these as NCS/NGC combined modern tier coins. They are conserved and graded in this selection for the price of $28 each. Another added benefit...the NGC holders allow me to better see the edge of the coin showing off their thickness (reminds me of a chunky silver pound coin) and the edge lettering with the shipwreck's name. Enjoy the photos!