Has NGC begun net grading coins?
First, I apologize for the delay in posting the results, I am a working guy and cut busy with my "day job".
Thank you all for your thoughtful and insightful comments. Many of you identified correctly that there are rim bumps at the 11 o'clock position and 2 o'clock position.
My dilemma is this: Based on all of the grating standards that I've been able to find this coin should grade VG and could possibly even grade Fine. My understanding is that the grade is based primarily on the amount the coin's wear. In different series the sharpness of strike also plays a role usually to add a positive attribute if the coin is well struck (i.e. full head designation for Liberty Standing Quarters, full split bands for dimes, full bell lines for Franklin half dollars...)
The conundrum for me is that both PCG S and NGC state that they do not "net grade" coins. If the coin is a problem coin then it is listed as "unable to grade" and then assigned a "Details Grade" using the adjective (i.e. VG details) without a numerical score. This allows "problem coins" to be used in the NGC registry. There "problem coins" are given a value of one half of the lowest number for the category (for example a corroded coin that has uncirculated details gets one half of the score a "no problem" MS--60 coin would get. For people new to the hobby the ANACS historically would take into account problems and assign a "net grade" based on the underlying grade of the coin and the severity of the problem.
Although the difference is minor, as I looked at the coin I saw a Very Good or maybe even Fine-12 coin that was under graded. Now I am curious as to whether in fact NGC assigned a "net grade" based on a Very Good to Fine coin with rim damage. If so based on their grating policy they should have called the coin out as a problem coin and assigned to details grade.
I welcome your input as to whether I should return the coin to NGC to be re-graded. In my opinion it is clearly better than a "Good--6" unless they're calling it a problem coin in which case that should have been stated on the holder.
Again I thank you for your thoughtful comments and I await your insights.
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