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Crackout or resubmit

When trying to obtain a higher grade for pcgs coin, would you rather crack it out and submit ungraded or just send them back in the original holder for reconsideration? Thoughts? Comments? Experiences? Personal modus operandi?

Comments

  • cameonut2011cameonut2011 Posts: 9,915 ✭✭✭✭✭

    It depends on the coin, value, and how confident I am that it will not go down.

  • cameonut2011cameonut2011 Posts: 9,915 ✭✭✭✭✭

    The regrade tool minimizes risk, but you also must pay a guarantee premium. I also seem to recall having read somewhere that the finalizer does see the original grade.

  • @cameonut2011 said:
    The regrade tool minimizes risk, but you also must pay a guarantee premium. I also seem to recall having read somewhere that the finalizer does see the original grade.

    Interesting!

  • And also regrade or reconsideration? Which have you had better luck with ?

  • cameonut2011cameonut2011 Posts: 9,915 ✭✭✭✭✭

    Remember I'm only one submitter so n=1, but I have had far better results with grade swings with crack outs than regrades.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have not tried either avenue discussed. However, reading this forum daily over the years, I believe I have seen more successful reports on crackouts for upgrades. I have not kept a statistical record, so it really is just my viewpoint. Cheers, RickO

  • MFeldMFeld Posts: 11,080 ✭✭✭✭✭

    It doesn’t really matter what others have experienced. What counts is your specific coin(s), your level of expertise in making grading assessments and your tolerance for risk.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • PerryHallPerryHall Posts: 44,840 ✭✭✭✭✭

    As others have said, it depends on the coin, the slab, and the grade assigned to that coin. If you can show us some high resolution pics of the coin that you're considering submitting, we can give you some specific advice.

    Worry is the interest you pay on a debt you may not owe.

  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭

    There is so much subjectivity regarding toning it really can be a crapshoot. On a toned coin you are really rolling the dice on a crackout. While I don’t play that game I have seem too many examples of a toned coin being called into question and receiving that dreaded AT. Yes I know you can resubmit but that is a game I walk past.

    Some coins are just plain "Interesting"
  • MFeldMFeld Posts: 11,080 ✭✭✭✭✭

    @JRocco said:
    There is so much subjectivity regarding toning it really can be a crapshoot. On a toned coin you are really rolling the dice on a crackout. While I don’t play that game I have seem too many examples of a toned coin being called into question and receiving that dreaded AT. Yes I know you can resubmit but that is a game I walk past.

    While that’s true, we don’t know whether the coin in question is toned. And even if it’s not, upon crack out and submission for grading, many untoned examples have also graded lower or received details grades.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • BuffaloIronTailBuffaloIronTail Posts: 7,338 ✭✭✭✭✭

    I don't like the "crack out and resubmit" strategy.

    It messes up the pop reports.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭

    @MFeld said:

    @JRocco said:
    There is so much subjectivity regarding toning it really can be a crapshoot. On a toned coin you are really rolling the dice on a crackout. While I don’t play that game I have seem too many examples of a toned coin being called into question and receiving that dreaded AT. Yes I know you can resubmit but that is a game I walk past.

    While that’s true, we don’t know whether the coin in question is toned. And even if it’s not, upon crack out and submission for grading, many untoned examples have also graded lower or received details grades.

    Completely agree. Add in the fact that sometimes we are a little blinded by the beauty of our own coins. People take glamour shots of their coins and forget that when tilted the coin has a few pimples.

    Some coins are just plain "Interesting"
  • Cougar1978Cougar1978 Posts: 7,205 ✭✭✭✭✭
    edited January 2, 2022 11:56AM

    For me - On a coin I had $100 in most likely crackout. But something around $300 plus cost leave in orig holder for reconsideration.

    Coins & Currency both US and World
  • labloverlablover Posts: 3,509 ✭✭✭✭✭

    @MFeld said:
    It doesn’t really matter what others have experienced. What counts is your specific coin(s), your level of expertise in making grading assessments and your tolerance for risk.

    Agreed.

    Also, if you have confidence in the coin crack it. A benefit to a crack-out is the grader sees the coin un-clouded by the plastic, getting a fresh look at the coin. Additionally, they also don't know the coin was prior graded, thus no prior grade to influence the finalizer, if that happens at all.

    If you're on the fence, then you have little confidence in the coin. Therefore, don't crack it.

    Just my thoughts. Good luck.

    "If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
  • jt88jt88 Posts: 2,710 ✭✭✭✭✭

    for me, any coin less than 2K value crack out might be better.



  • PR64 with cac now. I think it could go pr65

  • MFeldMFeld Posts: 11,080 ✭✭✭✭✭

    The coin looks somewhat splotchy and dull, so my guess is that it wouldn’t upgrade.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • From the photos, I have significant concerns about the reverse. I think to tread cautiously here would be prudent…

  • oih82w8oih82w8 Posts: 11,657 ✭✭✭✭✭

    I like the the older holder and would submit to CAC for JA's opinion.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,...
  • MFeldMFeld Posts: 11,080 ✭✭✭✭✭

    @oih82w8 said:
    I like the the older holder and would submit to CAC for JA's opinion.

    It already has a CAC sticker.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭
    edited January 3, 2022 4:56AM

    On a coin like that I would send it in for "Regrade" if you are intent on doing so. Many people don't realize that this is the same as sending in raw except you get a grade guarantee. The coin is presented to the graders raw. You do have to pay a percentage of the value if it upgrades though.

    As an example, the last Barber Half I needed in 58 to complete my set was an 1897-O. I had a really nice 55 that I felt certain was worthy of a 58. I sent it in for reconsideration 3 times, 1 being a show express...no dice. I finally sent it in for regrade at a show and waahla, I got my 58!

  • oih82w8oih82w8 Posts: 11,657 ✭✭✭✭✭

    @MFeld said:

    @oih82w8 said:
    I like the the older holder and would submit to CAC for JA's opinion.

    It already has a CAC sticker.

    Sorry, I did not see one on the images, but now I see it mentioned below the images.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,...
  • cameonut2011cameonut2011 Posts: 9,915 ✭✭✭✭✭
    edited January 3, 2022 4:38PM

    @MFeld said:
    The coin looks somewhat splotchy and dull, so my guess is that it wouldn’t upgrade.

    I agree with this. I think the splotchy dull aesthetics preclude a gem grade, and if it upgraded at all you would likely get a 64+ at best. There is a narrow price spread between 64 and 64+. Like other posters, I too prefer the older holder with CAC sticker. If you do decide to roll the dice, this might be a good candidate for reconsideration. I would not crack it out. There is also a very small although not negligible chance you wouldn't get a bean if you went the regrade option and remained at 64 or received a plus. (Regrade submissions will result in a new serial number; reconsideration will not unless it upgrades.)

  • goldengolden Posts: 8,805 ✭✭✭✭✭

    I would leave it as is.

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