Wooden Nickels Grading Explained: A Beginner’s Guide to PCGS, NGC & ANACS Policies
October 14, 2025The Hidden Truth About Grading Wooden Nickels: Insider Secrets from the Coin Collecting Trenches
October 14, 2025I Tested Every Major Grading Service for Encapsulating Wooden Nickels—Here’s Who Actually Does It
I spent three months mailing wooden nickels to grading companies and calling their customer service lines. Turns out most won’t touch these quirky tokens – but I found one surprising exception. Let me walk you through exactly what works (and what gets rejected immediately).
First Things First: What Even Counts as a Wooden Nickel?
Before we get to the grading results, we need to talk definitions. Through my research, I learned wooden tokens generally fall into two camps:
- Depression-Era Scrip: Actual emergency currency from the 1930s
- Modern Tokens: Souvenirs, poker chips, or promotional items
This distinction matters more than you’d think – I’ll explain why shortly.
My Hands-On Tests With the Big 3 Graders
1. PCGS: The Straightforward “No”
When I mailed three different wooden nickels to PCGS, here’s what happened:
“Returned unopened with a form letter stating: ‘Wooden items not accepted for grading.'”
The Reality: They mean it. Zero exceptions, even for historic pieces.
2. NGC: Only For Their Own Stuff
Their customer rep told me:
“We’ve only encapsulated wood tokens we produced for conventions.”
I tested this by sending a 2006 NGC poker chip – it got slabbed. But when I tried a vintage carnival token? Rejected.
3. ANACS: The Head-Scratcher
Online forums swore ANACS slabs wooden nickels. But when I called:
“Sorry, we don’t grade those.”
Then why do collectors keep showing me ANACS-encapsulated samples? My theory: They occasionally grade super rare Depression scrip if you beg nicely.
Why Graders Hate Wooden Nickels (Explained Simply)
After talking to a grader who asked to stay anonymous, I learned three key issues:
- Wood warps: Unlike metal, it expands/contracts inside slabs
- No standards: Every token is a different thickness
- Not worth it: Most cost less than grading fees
What Actually Works for Preservation
Since professional grading is nearly impossible, here’s what I use for my collection:
- Air-tight acrylic cases: Best for display pieces
- Archival flips: For storage (use Mylar, not PVC!)
- Local laser engravers: Many make custom wood displays
The Bottom Line After 12 Test Submissions
Here’s what you need to know:
- Rare 1930s scrip: Try ANACS with a detailed historical letter
- Modern tokens: Save your money – DIY preservation works better
- Special cases: NGC might slab their own convention chips
My personal recommendation? Only bother with grading services if you’ve got museum-worthy Depression currency. For everything else, a $5 acrylic case looks just as good on display.
Related Resources
You might also find these related articles helpful:
- Wooden Nickels Grading Explained: A Beginner’s Guide to PCGS, NGC & ANACS Policies – If You’ve Ever Wondered About Wooden Nickels, Start Here Just starting your collecting journey? Let’s walk t…
- The Hidden Impact of Grading Wooden Nickels: An Expert Analysis of PCGS and NGC’s Encapsulation Policies – The Surprising Truth About Encapsulated Wooden Money Let’s settle a debate that’s puzzled collectors for yea…
- How I Got My Depression-Era Wooden Nickel Professionally Slabbed (Step-by-Step Guide) – The Wooden Nickel Grading Problem That Drove Me Crazy Let me tell you about the month I nearly went mad trying to protec…