Submission question

raycyca

I’m planning on submitting some post 1965 coins for regrading. They are already graded by PCGS, but I think they’re undergraded. I would like to submit them but got confused by the PCGS customer service person. How do I submit them? I was told just submit them for the regrade option for $17. But I see they have a reconsideration Avenue. If I submit it this way, does the coin get regraded in the holder, or, does it HAVE to be cracked out to get regraded? Thanks a LOT in advance! Ray

Che_Grapes

They will re-holder them unless you request otherwise (if they don’t get a better grade). To get the better grade it will be in a new holder.

lilolme

@raycyca said:
But I see they have a reconsideration Avenue. If I submit it this way, does the coin get regraded in the holder, or, does it HAVE to be cracked out to get regraded? Thanks a LOT in advance! Ray

For reconsideration the coin will be graded in the holder. If it upgrades, per your stated or marked on form criteria, then I will be cracked out and put in a new holder with the upgrade. If it does not upgrade, then it will be returned in the current holder it is in.

Here is a link to the pcgs page describing the reconsideration.

https://www.pcgs.com/reconsideration

winesteven

What @lilolme says is absolutely correct.

With the Reconsideration method, it will keep the same cert number even if upgraded (and then it’s in a new holder, but with that same old cert number). If no upgrade, they keep the coin in its existing holder.

However, in my opinion you have a better chance of success using Regrade. However, every coin will then get a new “better” holder, whether upgraded or not. With regrade they guarantee the grade will NOT drop. The only problem is if the coin has a CAC sticker it would then have to requalify to get the sticker back.

Good luck. Please report back months from now your final result!

Steve

alaura22

Steve
You are right about keeping the cert number if it upgrades only by getting a Plus. If it upgrades to a full grade it then would get a new cert number
Right?

winesteven

@alaura22 said:
Steve
You are right about keeping the cert number if it upgrades only by getting a Plus. If it upgrades to a full grade it then would get a new cert number
Right?

Mike - No. under Reconsideration the new holder would still keep the old cert number regardless of how high the upgrade (I.e. if a coin in theory goes from a 64BN to a 66RD via Reconsideration, the cert number would still stay the same). However, if it had a CAC sticker, and gets an upgrade to the next whole grade number (or a suffix upgrade), even though the cert number is the same, it would then have to requalify at CAC to be “solid” at that new higher grade to get a sticker. If the only upgrade is the addition of a plus, then CAC will automatically resticker it (at a greatly reduced fee).

Steve

jerseyben

Here is my simple understanding of this debate... Reconsideration: The coin will be re-examined and graded in its current PCGS slab. It will only be cracked out and re-slabbed if it upgrades. Only use this method if you want to preserve an old holder or CAC sticker for a plus grade. Regrade: The coin will be cracked out and sent through the normal grading process for raw coins. The coin is guaranteed to be re-slabbed and returned to you in at least the grade it was sent in at. People say you have a higher chance of an upgrade using this method.

davewesen

Does the cert number stay the same with both options?

I look at my previous submissions back some years and see a few where the cert is no longer valid ... these coins were upgraded. What happened to these? Submitted raw and then certs returned?

winesteven

@davewesen said:
Does the cert number stay the same with both options?

I look at my previous submissions back some years and see a few where the cert is no longer valid ... these coins were upgraded. What happened to these? Submitted raw and then certs returned?

Regrade = Always a new holder = always a new cert number.
Reconsideration = Always the same cert number number, even if upgraded and then in a new holder

Steve

joeykoins

Now, in my recent submission. I sent in a PCGS 1926s Peace Dollar ms 63.
My situation was this.
I not only wanted them to crack out and reholder it for a possible upgrade.
The main reason I sent it in was because I wanted the variety stated on the slab. My original slab, didn't have the variety on the holder.
I'm looking for the " Overpolished Die" variety attribution, plus, hopefully, an upgrade to boot?

jesbroken

Too many marks for an upgrade, in my opinion. Hopefully the attribution is successful.
Good luck.
Jim

davewesen

@joeykoins said:
Now, in my recent submission. I sent in a PCGS 1926s Peace Dollar ms 63.
My situation was this.
I not only wanted them to crack out and reholder it for a possible upgrade.
The main reason I sent it in was because I wanted the variety stated on the slab. My original slab, didn't have the variety on the holder.
I'm looking for the " Overpolished" variety attribution, plus, hopefully, an upgrade to boot?

So you are doing a regrade and a variety attribution for the VAM 3B ??

seatedlib3991

I hope this isn't considered off the topic, but can you use this reconsideration thing to get a variety attributed?

winesteven

@seatedlib3991 said:
I hope this isn't considered off the topic, but can you use this reconsideration thing to get a variety attributed?

I believe you can, BUT if a current CAC sticker isn't involved, why not just do Regrade with Variety Attribution, and have a new cert number due to the regrade? FYI, submitting a coin JUST for Variety Attribution WILL allow you to keep the SAME cert #. I just did this with two CAC stickered coins - same cert number. They're arriving to me today, and on Monday I'll ship them off to CAC with $5 or so per coin to get the stickers automatically reapplied to those same cert numbers (plus a handling fee and round trip shipping).

lilolme

@seatedlib3991 said:
I hope this isn't considered off the topic, but can you use this reconsideration thing to get a variety attributed?

So it appears that this is saying that if you do a reconsideration with variety, that first pcgs will do the reconsideration. If the coin does not require being cracked out and put into a new holder (does not upgrade per the submission criteria), that the variety will not be done and will not be charged. The variety will be done if the coin upgrades.

MetroD

@lilolme said:
So it appears that this is saying that if you do a reconsideration with variety, that first pcgs will do the reconsideration. If the coin does not require being cracked out and put into a new holder (does not upgrade per the submission criteria), that the variety will not be done and will not be charged. The variety will be done if the coin upgrades.

This.

If you submit for reconsideration, and your item does not upgrade, you will not get your variety attributed.

Reference

raycyca

Thanks folks! I spoke with a different person today at Pcgs and Got a different story. She stated that if you submit for a re-grade for the modern level it will be $17, they will crack it out, grade it and send it back in the new holder. If you want to use reconsideration, send the individual coin in the holder they will re-grade it in the holder and if it upgrades, they will crack it out, give me the same number but you’ll have a new grade or a plus or a variety if you so desire. The cost would be the same $17 plus one percent of either Pcgs price guide or the price that you declared upon submission of your coin. When Pcgs started this plus grading and the secure service they gave you a couple of freebies. I submitted one coin that had been graded as an ms 66. With the free submissions I resubmitted the same coin. Came back as an ms 67+, with a pop of 1 and still is pop 1 coin. Yesterday I only got confused but you folks are right and helped me with a correct answer. So thanks a lot in advance, I knew I could count on you folks. I’ll let you know how things work out, probably in the not too soon future. Any idea on grading times nowadays?

ProofCollection

Sounds like you got your answer. The whole point of the reconsideration service is to preserve the slab in the event it does not upgrade. For instance, older slabs which are perceived to have higher value, or CAC stickers. usually. If you don't care about the slab, regrade is the answer. It's also a good idea to consider Trueview photos while they've got it out.