A new Florida firm has begun identifying what it calls “Grade
Enhancements” on certified and encapsulated modern coins, by adding a
sticker to the slabs of coins meeting company criteria.
Monroe, Fla., offers a two-pronged system for designating specific
elements of coins that exhibit value-added characteristics. Each coin
that meets the firm’s criteria will be have the holder stickered with
a copyrighted hologram.
The MACge principals are Charles Alan Hager, Eli Meisels and Mike Rubin.
MACge will accept for MAC stickering all U.S. and foreign Mint State
coins from 1960 to the present, though only coins already graded and
encapsulated by Professional Coin Grading Service or Numismatic Guaranty Corp.
The “MAC” component of the company name is an acronym for “Modern
Approved Coin,” and “ge” stands for “Grade Enhancement.”
Any modern coin that MACge believes to be undergraded by one of the
two top grading services — a coin the firm considers “premium
quality,” or “PQ” — is considered to be “MACABLE.”
According to the firm, a PCGS- or NGC-certified coin that has
exceptional characteristics for its grade, say Mint State 67, would be
designed MS-67 MAC (PQ).
The GE or Grade Enhancements component of the company’s designation
“refers to valuing a coin taking into consideration features that may
not have been considered previously,” according to the firm.
“For example, in the 1953 mintage, a tiny fraction of the Jefferson
nickels have full steps, due to poor die quality that year,” according
to the MACge website. Also according to the firm’s website: “A 1953-S
Full Step Jefferson nickel in MS-66 sells for $35,000 due to its
rarity. The vast majority of the 1953-S nickels have no steps, and
sell for around $150. However, there are a few 1953-S nickels that
have 4 steps, and those should be designated as such and valued
accordingly. We will designate that coin with a MACge sticker
‘4Steps/4FS’, and that coin will increase in value beyond the $150 for
the 1953-S nickel with no steps.”
While MACge officials note that full step Jefferson 5-cent coins,
full bands Winged Liberty Head and Roosevelt dimes, full head Standing
Liberty quarter dollars and full bell lines Franklin half dollars,
among other designations, have been accepted elements of numismatic
nomenclature in determining value for decades, they also note that
other elements have been overlooked.
The company identifies 17 copyrighted Grade Enhancement categories.
Grade Enhancements can be applied to all traditional coins, such as
Standing Liberty quarter dollars and Walking Liberty half dollars, and
some modern coins, according to MACge officials:
Examples cited by the firm include Mint State Lincoln cents, 1959 to
1990 — Full Step Memorial; Mint State Indian Head 5-cent coins, 1913
to 1938 — Full Split Tail; Mint State Roosevelt dimes, 1946 to 2015 —
90 percent Full Torch Bands; Mint State Washington quarter dollars,
1932 to 1998 — Full Split Beak; Mint State Walking Liberty, half
dollars, 1916 to 1947 — Full Split Thumb; and Mint State Peace
dollars, 1921 to 1935 — Exceptional Full Strike.
Separate fee structures will be assessed depending on whether the
submissions are from the public or dealers. The fees rise depending on
how quickly a submitter wants the submitted coins examined and returned.
The basic turnaround time is two weeks, with a minimum submission of
The firm displays information on membership levels for submitting coins.
MACge also will be posting a census of stickered coins, as well as a
Guide and GE
Value Guide, at its website.