Saturday, July 26, 2014

HOW DOES THE OFCC GRADE ITS COINS???


The simple answer is the OFCC DOES NOT GRADE COINS.
Do to the subjective nature and overall attitude towards coin grading standards, 
OFCC has opted to classify all the numismatic items in our coin collection catalog as one of the following:

UNGRADED
UNCIRCULATED (Only given as described below)
Trusted 3rd party Grade (e.g. PCGS, NGC) (As described below)

Some basic OFCC clarification guidelines are listed below:

Slabbed Coins From (NGC, PCGS) :
Coins Slabbed by PCGS or NGC are completely trusted minus counterfeited attempts. 

Slabbed Coins From (ANACS, ICG) :
Coins Slabbed by ANACS or ICG are trusted minus counterfeited attempts but are generally less desirable to most collectors. 

Slabbed Coins From (ANY ONE ELSE) :
Coins Slabbed by ANY ONE ELSE are not trusted fully and are judged on a case by case basis. In the occurrence that OFCC disagrees with the grade on a slabbed coin we note it and display the grade as UNGRADED in our database. 

Government Mint/Bank Issues Coins:
Sets, Rolls, or individual coins issued by the US Mint, Royal Canadian Mint, Royal Australian Mint, or Perth Mint are trusted after a simple spot check and marked in our database as UNCIRCULATED
Sets, Rolls, or individual coins issued by other banks or mints are judged on a case by case basis this includes non government coin manufactures such as American Mint. 

Cardboard flip, mylar flips or lose coin capsules:
Previous owners grading marks on these types of coin holders are marked as UNGRADED in our database. 
NOTE: If the OFCC has personally visited the brick and mortar coin shop as well as done business with them, and it was a great experience on top of good prices and fair grades, OFFC will reflect the grade given by that verified business and reflect the contact information for that specific coin bought by OFFC from the hands of that verified business. 

Loose coins, pocket change and other shrapnel remains:
OFFC will only show a grade of UNGRADED


- See more at: http://coins.obscurefinds.com/

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