Crackout or resubmit
Doubledieanotherday
Posts: 69 ✭✭✭
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?
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It depends on the coin, value, and how confident I am that it will not go down.
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 ?
Remember I'm only one submitter so n=1, but I have had far better results with grade swings with crack outs than regrades.
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
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.
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.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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.
I don't like the "crack out and resubmit" strategy.
It messes up the pop reports.
Pete
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.
For me - On a coin I had $100 in most likely crackout. But something around $300 plus cost leave in orig holder for reconsideration.
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.
for me, any coin less than 2K value crack out might be better.
PR64 with cac now. I think it could go pr65
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…
I like the the older holder and would submit to CAC for JA's opinion.
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It already has a CAC sticker.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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!
Sorry, I did not see one on the images, but now I see it mentioned below the images.
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,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
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.)
I would leave it as is.