This 1855-S was billed as an "XF48" with accompanying slightly blurry pictures. No mention that it was corroded and polished. The seller sent it registered mail and it took over 3 weeks to travel the 400 miles to get to me. When I saw the coin in hand, I asked for a refund but the seller said I had waited way too long for any refund. He ignored the registered mail delay. He offered to send me $100 to make me happy and not neg him. To me, it was worth about half what I paid for it and $100 wouldn't make a dent in the difference. I was so ticked off I turned him down for offering what to me was just a bribe. For several years afterward, I wanted to pay him a visit at his office while passing through Atlanta figuring a pissed-off, very large man might finally gain his attention. I mellowed with time and the realization that the coin, as corroded and polished as it is, is one of the better-looking 55-S 'details' coins out there. Still buried, though.
In 2007, I bought a 1916 Lincoln in PCGS MS66 RD--it is still a beautiful coin, with no spots or fading color. I paid $850, which was OK at that time. A year later, I was in another B&M shop in Tucson, and saw another example in the same grade, and mentioned that I bought one from another B&M shop in town earlier. The owner told me that an entire roll of gem red 1916 Lincolns surfaced, and the majority of the coins graded 65RD or 66RD. Another Forum member has related a similar story about recently-surfaced, late-date Liberty nickels having pushed MS66 pops way up, leaving some collectors under water.
Don't assume that century-old coins don't exist in significant numbers in small hoards of raw coins--once these surface, they can seriously affect pricing.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
The deck is stacked against the average collector. Between paying retail and high seller fees we also have to contend with falling prices in some series, gradeflation, hoards, and sellers misrepresenting their coins. For most it’s a tough game to beat.
When I was learning poker some 50 years ago and losing my mentor told me “Education costs money” when I started collecting sports cards I didn’t know about centering, condition etc. Sometimes stocks go up and you’re right and sometimes raw coins come back detailed. As long as the same mistake isn’t repeated you have learned and your education is working.
W.C.Fields "I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
@Portross said:
This coin was part of a nearly complete Morgan dollar year set at a local auction house. I paid a few hundred dollars over the value of the other coins. It weighs 26.8 grams, and looks and rings like silver. I thought maybe the obverse was just a weak strike. Nope, a fake strike.
I suspect that is actually a genuine coin (or two genuine coins, to be exact).
BUT, it may be a 1892 [Philadelphia] or 1892-O (New Orleans) obverse inserted into a common S-mint reverse.
There appears to be a possible seam visible on the obverse just outside of the dentils.
Talk about a spot-on and excellent observation! I didn't see it and now that it has been pointed out I can't unsee it!
@SkyMan said:
Gradeflation is a pain in the derrière, as it'll force me to waste money reslabbing a bunch of coins.
Having said that, I'm buried in a variety of coins. This one is probably my biggest percentage loser (it's a MS64*), but it still brings me great joy to look at it. In hand it's a killer. The pictures do not do the underlying luster justice...
That coin in pcgs plastic with a TV to the right buyers on IG could get you $800+
@BillJones said:
You usually don't think that blue-chip coins like this will go south, but this one did.
Are we talking Virginia south or Florida Keys south?
Somewhere around South Carolina. The price on this coin dropped on the order of 10 grand plus, but it’s still worth we’ll into the five figures.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
This one still stings.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades. It’s still on the list to resubmit someday or send ATS.
@Walkerguy21D said:
This one still stings.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades. It’s still on the list to resubmit someday or send ATS.
Looks undergraded based on your pic. It may get a gold sticker from CAC.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Walkerguy21D said:
This one still stings.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades. It’s still on the list to resubmit someday or send ATS.
@JBN said:
This late date S mint in 67 had a population in the single digits when purchased in 2010. Now has population of 62 with three finer.
I love that date and own 3 of them. An NGC 65 gold foil and an NGC MS 66 in an old #7....Both are beautifully toned. The third is a PCGS 66 with a freakishly sharp strike for a generally flat issue.
This issue can come nice.
Yours is stellar. Thanks for sharing.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
@BillJones said:
You usually don't think that blue-chip coins like this will go south, but this one did.
Are we talking Virginia south or Florida Keys south?
Somewhere around South Carolina. The price on this coin dropped on the order of 10 grand plus, but it’s still worth we’ll into the five figures.
I've been away from the game for a while but your sentiments regarding blue chip coins was also my thinking so I was surprised when I saw this one.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades.
I acquired an 1878 Judd 1550A Morgan Pattern Dollar in PCGS PR61 twenty years ago from a local dealer at $2500. I sold it on approval to a dirtbag dealer from Boca Raton, who kept stalling on paying for it. It even appeared in a full page CW ad for an upcoming auction, until I contacted the auction house and threatened a court injunction. I got paid quickly thereafter by the dirtbag, and found out that the coin realized over $9K in the auction. One could say I got buried on that one.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades.
DID PCGS change the certificate number?
I do not know that, but I presumed that they did?
That's interesting. Yours is an 8 digit number. Prior to 1998 PCGS used seven digit numbers on OGHs. It would seem to me that PCGS should have honored the original grade as you were not submitting the coin raw.
20 years ago I came across this piece and it spoke to me. Tilt the coin one way and there is great contrast, tilt it more and you see the color. I spent about double the market price for it so I am probably buried.
Back in 2005 I had @airplanenut image it and I still have the coin today. Here are both images - one for contrast and the other for color.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
@jackpine20 said:
I only keep the coins I love. I have sold dozens of coins at a loss without looking back. If you ask me to look back, maybe the greatest loss was a 40% loss when I sold my F Details graded 1795 Flowing Hair Dollar after I grew tired of the problem. Now, I don't have to think about it when I study my coins. Before that blunder, I put together an almost complete set of raw Morgan dollars only to realize I was spending all of my time trying to match the same grey-dirt-VF20 appearance of a handful of coins. I turned around and sold all but my five very favorite examples. I keep them in Air-Tite holders and I admire them almost daily. Keeping a coin I'm not in love with ... or proud of ... makes me sad. Be thankful and move on.
I share the same sentiment about just moving on.
I’ve sold many coins for a significant loss and have no regrets. Nothing major. Mostly $10-50 purchases with maybe a few in the $100-200 range.
I find that it is easier and in my opinion more beneficial to move on from coins you no longer care to own and move that money into other things.
After all this is a hobby and hobbies cost money. If the cost comes at the expense of taking a loss on some sales then so be it. I am happy to take the loss and move onto the next coin I will enjoy owning for however long that may be.
@SkyMan said:
Gradeflation is a pain in the derrière, as it'll force me to waste money reslabbing a bunch of coins.
Having said that, I'm buried in a variety of coins. This one is probably my biggest percentage loser (it's a MS64*), but it still brings me great joy to look at it. In hand it's a killer. The pictures do not do the underlying luster justice...
With toner prices increasing the last few years, you might not be buried in that Morgan. I would imagine it would bring a steep premium.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades.
DID PCGS change the certificate number?
I do not know that, but I presumed that they did?
That's interesting. Yours is an 8 digit number. Prior to 1998 PCGS used seven digit numbers on OGHs. It would seem to me that PCGS should have honored the original grade as you were not submitting the coin raw.
He was submitting the coin raw. As stated, it had been cracked out into a Dansco, although the (presumed associated) OGH label had been saved.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah!
How does PCGS (or he, for that matter) know with certainty that the enclosed label actually came from the same holder the coin was cracked out of? Even if there were photo evidence or the like, once a coin comes out of the holder, PCGS is under no obligation to reholder it at the same grade. It may have been damaged or subject to a harsh environment in the interim, among other possibilities.
When you submit a raw coin with an old label, the label is tossed before the coin ever gets to the graders.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Cocoinut said:
I have a 1932-D quarter in MS64 that cost $3,650 at the height of the Washington quarter market in 2001. Current PCGS value is (ouch!) $1,950. It's been in the safe deposit box for so long, I don't have a good photo, but it's in an OGH, so it could bring a bit more.
Hold on, with this red hot market, be encouraged for a possible comeback!
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Do you consider it an "overpay" if you would do it again in a heartbeat?
This VF30 originates from Australia, the 1899-S Barber Quarter is a "Philippine Date" and I paid $358. CoinFacts value has recently gone up to $200. Notice the population is 3 and my coin is the only registered purchase. Notice the 1899-S mintage is on par with the well-known 1909-O BQ rarity. The 1899-S is essentially a "cleaned" date in mid-grades like VF... so getting it straight graded is tough.
(Go to PCGS CoinFacts, 1899-S quarter, VF30... you will find one entry).
Here are the pictures when purchased... Australia to Las Vegas... to final destination close to a month later... a nail-biter. This is the only one CAC green bean stickered in a straight grade PCGS VF30. I was the one who did the stickering process post-buy.
More recent pictures:
Tim
p.s. I have two of the VF25's with one of them CAC green bean sticked as well.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
I paid way more than I should have for this one, but I do love the coin AND the holder.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades.
DID PCGS change the certificate number?
I do not know that, but I presumed that they did?
That's interesting. Yours is an 8 digit number. Prior to 1998 PCGS used seven digit numbers on OGHs. It would seem to me that PCGS should have honored the original grade as you were not submitting the coin raw.
He was submitting the coin raw. As stated, it had been cracked out into a Dansco, although the (presumed associated) OGH label had been saved.
I bought a rare gold coin attributed by NGC on the holder. It turned out not to be the variety upon in hand inspection. In another example of what #2 really means, NGC doesn’t stand by their variety attribution and it is collector beware.
@Crypto said:
I bought a rare gold coin attributed by NGC on the holder. It turned out not to be the variety upon in hand inspection. In another example of what #2 really means, NGC doesn’t stand by their variety attribution and it is collector beware.
They don't seem to stand by their grade guarantee either. I bought a '35S walker in an NGC 64 slab through a David Lawrence auction with crummy photos 15+ few years ago, to upgrade a 61 I had. The 64 was worse than the 61 in hand, and I showed both to dealers at shows and everyone agreed. I recall at the time the auction policy at the time was all sales final....So I sent it to NGC explaining the coin was overgraded and I should be made whole. Their 'solution' was to dip the hell out of it and reholder it back in a 64 holder. The 61 was a raw coin I'd paid strong money for and sold it for $100+ loss. The 64 I'm likely buried in. On the bright side lessons learned: no more gambling on coins with bad pics, get better at grading, and invest in a GOOD magnifier. And of course nowadays I could add, look for coins with CAC stickers when possible.
How does PCGS (or he, for that matter) know with certainty that the enclosed label actually came from the same holder the coin was cracked out of? Even if there were photo evidence or the like, once a coin comes out of the holder, PCGS is under no obligation to reholder it at the same grade. It may have been damaged or subject to a harsh environment in the interim, among other possibilities.
That points out the risk of having a NGC CAC coin crossover to PCGS and then expecting an automatic CAC.
"Post a coin you're buried in"
Sorry, that would be 95% or more of my collection. I do not have the time to photo them all. Would take years and many trips to the bank safe deposit boxes.
How does PCGS (or he, for that matter) know with certainty that the enclosed label actually came from the same holder the coin was cracked out of? Even if there were photo evidence or the like, once a coin comes out of the holder, PCGS is under no obligation to reholder it at the same grade. It may have been damaged or subject to a harsh environment in the interim, among other possibilities.
That points out the risk of having a NGC CAC coin crossover to PCGS and then expecting an automatic CAC.
Help me understand. A "crossover" can only happen if the submission is in holder and not cracked out?
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
How does PCGS (or he, for that matter) know with certainty that the enclosed label actually came from the same holder the coin was cracked out of? Even if there were photo evidence or the like, once a coin comes out of the holder, PCGS is under no obligation to reholder it at the same grade. It may have been damaged or subject to a harsh environment in the interim, among other possibilities.
That points out the risk of having a NGC CAC coin crossover to PCGS and then expecting an automatic CAC.
Help me understand. A "crossover" can only happen if the submission is in holder and not cracked out?
That's right. And the previous poster stated that as a coin comes out of the holder there is always the risk (hopefully, very minor) that the coin could negatively be affected. In addition, there is the risk that the coin could have "turned" while in the NGC CAC holder, still get the same grade with PCGS; but, not earn a CAC because of the "turning."
Comments
This 1855-S was billed as an "XF48" with accompanying slightly blurry pictures. No mention that it was corroded and polished. The seller sent it registered mail and it took over 3 weeks to travel the 400 miles to get to me. When I saw the coin in hand, I asked for a refund but the seller said I had waited way too long for any refund. He ignored the registered mail delay. He offered to send me $100 to make me happy and not neg him. To me, it was worth about half what I paid for it and $100 wouldn't make a dent in the difference. I was so ticked off I turned him down for offering what to me was just a bribe. For several years afterward, I wanted to pay him a visit at his office while passing through Atlanta figuring a pissed-off, very large man might finally gain his attention. I mellowed with time and the realization that the coin, as corroded and polished as it is, is one of the better-looking 55-S 'details' coins out there. Still buried, though.
In 2007, I bought a 1916 Lincoln in PCGS MS66 RD--it is still a beautiful coin, with no spots or fading color. I paid $850, which was OK at that time. A year later, I was in another B&M shop in Tucson, and saw another example in the same grade, and mentioned that I bought one from another B&M shop in town earlier. The owner told me that an entire roll of gem red 1916 Lincolns surfaced, and the majority of the coins graded 65RD or 66RD. Another Forum member has related a similar story about recently-surfaced, late-date Liberty nickels having pushed MS66 pops way up, leaving some collectors under water.
Don't assume that century-old coins don't exist in significant numbers in small hoards of raw coins--once these surface, they can seriously affect pricing.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
The deck is stacked against the average collector. Between paying retail and high seller fees we also have to contend with falling prices in some series, gradeflation, hoards, and sellers misrepresenting their coins. For most it’s a tough game to beat.
When I was learning poker some 50 years ago and losing my mentor told me “Education costs money” when I started collecting sports cards I didn’t know about centering, condition etc. Sometimes stocks go up and you’re right and sometimes raw coins come back detailed. As long as the same mistake isn’t repeated you have learned and your education is working.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Bought these 2 on Ebay, the one is cleaned and the other is......well look for yourself, the pictures are correct.
I sold all of the coins I was buried in three years back. Now, I have a whole new collection of coins I paid more than I could every sell them for.
Is that what coin collecting is?
@messydesk
That coin in pcgs plastic with a TV to the right buyers on IG could get you $800+
Somewhere around South Carolina. The price on this coin dropped on the order of 10 grand plus, but it’s still worth we’ll into the five figures.
This one still stings.
A dealer bought a high grade set of walkers in a Dansco where many of the coins had been cracked out of tpg holders, but the labels retained with the coins.
This one was presumably an OGH 63, and I paid full boat for it as such.
Sent it in with the label, assuming it was a lock to regrade at least the same- hah! Huge price spread between grades. It’s still on the list to resubmit someday or send ATS.
Looks undergraded based on your pic. It may get a gold sticker from CAC.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
DID PCGS change the certificate number?
I love that date and own 3 of them. An NGC 65 gold foil and an NGC MS 66 in an old #7....Both are beautifully toned. The third is a PCGS 66 with a freakishly sharp strike for a generally flat issue.
This issue can come nice.
Yours is stellar. Thanks for sharing.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I've been away from the game for a while but your sentiments regarding blue chip coins was also my thinking so I was surprised when I saw this one.
Great transactions with oih82w8, JasonGaming, Moose1913.
I do not know that, but I presumed that they did?
I acquired an 1878 Judd 1550A Morgan Pattern Dollar in PCGS PR61 twenty years ago from a local dealer at $2500. I sold it on approval to a dirtbag dealer from Boca Raton, who kept stalling on paying for it. It even appeared in a full page CW ad for an upcoming auction, until I contacted the auction house and threatened a court injunction. I got paid quickly thereafter by the dirtbag, and found out that the coin realized over $9K in the auction. One could say I got buried on that one.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Probably my two greatest blunders...both came back as altered surfaces.
So far....
Until they sell buried in all of them. It all adds up. Coins don’t pay interest or dividends.
That's interesting. Yours is an 8 digit number. Prior to 1998 PCGS used seven digit numbers on OGHs. It would seem to me that PCGS should have honored the original grade as you were not submitting the coin raw.
20 years ago I came across this piece and it spoke to me. Tilt the coin one way and there is great contrast, tilt it more and you see the color. I spent about double the market price for it so I am probably buried.
Back in 2005 I had @airplanenut image it and I still have the coin today. Here are both images - one for contrast and the other for color.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I share the same sentiment about just moving on.
I’ve sold many coins for a significant loss and have no regrets. Nothing major. Mostly $10-50 purchases with maybe a few in the $100-200 range.
I find that it is easier and in my opinion more beneficial to move on from coins you no longer care to own and move that money into other things.
After all this is a hobby and hobbies cost money. If the cost comes at the expense of taking a loss on some sales then so be it. I am happy to take the loss and move onto the next coin I will enjoy owning for however long that may be.
With toner prices increasing the last few years, you might not be buried in that Morgan. I would imagine it would bring a steep premium.
I might be buried in this at $2550 but if so I don’t care as I love the coin:
My YouTube Channel
He was submitting the coin raw. As stated, it had been cracked out into a Dansco, although the (presumed associated) OGH label had been saved.
If this is what we are calling buried, I'm whatever comes after that.
Does this make me buried in the Amazon stock I bought at the IPO? (I wish.)
But he said he sent it in with the label
How does PCGS (or he, for that matter) know with certainty that the enclosed label actually came from the same holder the coin was cracked out of? Even if there were photo evidence or the like, once a coin comes out of the holder, PCGS is under no obligation to reholder it at the same grade. It may have been damaged or subject to a harsh environment in the interim, among other possibilities.
Perhaps this thread should be joined with the Decline of Classic Commems thread.
When you submit a raw coin with an old label, the label is tossed before the coin ever gets to the graders.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Hold on, with this red hot market, be encouraged for a possible comeback!
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Do you consider it an "overpay" if you would do it again in a heartbeat?
This VF30 originates from Australia, the 1899-S Barber Quarter is a "Philippine Date" and I paid $358. CoinFacts value has recently gone up to $200. Notice the population is 3 and my coin is the only registered purchase. Notice the 1899-S mintage is on par with the well-known 1909-O BQ rarity. The 1899-S is essentially a "cleaned" date in mid-grades like VF... so getting it straight graded is tough.
(Go to PCGS CoinFacts, 1899-S quarter, VF30... you will find one entry).
Here are the pictures when purchased... Australia to Las Vegas... to final destination close to a month later... a nail-biter. This is the only one CAC green bean stickered in a straight grade PCGS VF30. I was the one who did the stickering process post-buy.
More recent pictures:
p.s. I have two of the VF25's with one of them CAC green bean sticked as well.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
I paid way more than I should have for this one, but I do love the coin AND the holder.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
@DisneyFan
I will bet the label and the coin were never in front of the graders at the same time.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
1995 Lincoln cent DDO was my first coin purchase ever.
Paid around $250 each for three examples from a CW advert when they were really hot.
Sold them 30 years later for $15 each.
Probably should have graded them and kept one as a momento.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I bought a rare gold coin attributed by NGC on the holder. It turned out not to be the variety upon in hand inspection. In another example of what #2 really means, NGC doesn’t stand by their variety attribution and it is collector beware.
11.5$ Southern Dollars, The little “Big Easy” set
They don't seem to stand by their grade guarantee either. I bought a '35S walker in an NGC 64 slab through a David Lawrence auction with crummy photos 15+ few years ago, to upgrade a 61 I had. The 64 was worse than the 61 in hand, and I showed both to dealers at shows and everyone agreed. I recall at the time the auction policy at the time was all sales final....So I sent it to NGC explaining the coin was overgraded and I should be made whole. Their 'solution' was to dip the hell out of it and reholder it back in a 64 holder. The 61 was a raw coin I'd paid strong money for and sold it for $100+ loss. The 64 I'm likely buried in. On the bright side lessons learned: no more gambling on coins with bad pics, get better at grading, and invest in a GOOD magnifier. And of course nowadays I could add, look for coins with CAC stickers when possible.
That points out the risk of having a NGC CAC coin crossover to PCGS and then expecting an automatic CAC.
"Post a coin you're buried in"
Sorry, that would be 95% or more of my collection. I do not have the time to photo them all. Would take years and many trips to the bank safe deposit boxes.
If I was buried in that coin, I wouldn't care!!
Help me understand. A "crossover" can only happen if the submission is in holder and not cracked out?
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
That's right. And the previous poster stated that as a coin comes out of the holder there is always the risk (hopefully, very minor) that the coin could negatively be affected. In addition, there is the risk that the coin could have "turned" while in the NGC CAC holder, still get the same grade with PCGS; but, not earn a CAC because of the "turning."