When to have slabbed coins regraded

specialdavo

My $20 gold coins were graded over 25 years ago

humanssuck

That doesnt mean much. Ive seen coins that were graded 35 years ago, and if the collector who owns them is smart will stay entombed in its current plastic forever to keep from being downgraded.

I would suggest to have a knowledgeable dealer in your area review them to see if they think they should be sent in for reconsideration or not.

DeplorableDan

Got any pictures? 25 years ago is somewhat irrelevant, but quality photos would give us all a better idea of what we’re dealing with?

specialdavo

Thanks. Can I use my phone camera to take poctureds

specialdavo

Pictures

coinbuf

"When to have slabbed coins regraded"

Possibly (depending on the coins) when you are ready to sell them is the correct answer. A couple of possible other reasons are if you want to start a registry set and want the max point values. The one other reason is for those with huge egos that need to be stroked, although I don't consider that a good or valid reason.

ChrisH821

I think the following criteria should be met:
1. Assuming the grade goes up is it worth the cost of submission
2. If you were searching for that coin in the next higher grade would you be willing to pay that price for that coin? This is more of a gut check to ensure I wouldn't be trying to upgrade without considering if the coin is really worthy.

Tramp

Pics of coin in holder o? TPG? Grades? > @specialdavo said:

Pictures

You can edit you posts of you misspelled a word, etc...

rays

By my own experience, submission for regrade is only worth it when:
The PCGS price guide value difference in the next higher grade is at least 4x the total cost of re-submission (including shipping).

For example: if current value in MS63 is $1000, and value at MS64 is at least $1400. This also assumes the coin in question has a reasonable chance at upgrading by today’s grading standards and the total cost of a regrade is $100.

Ownerofawheatiehorde

@specialdavo said:
Pictures

Yes, just take a picture then press these buttons.

ProofCollection

The answer is a function of what it costs vs what you have to gain. Unfortunately if the coins are over $2500 which is pretty easy for any $20 gold coin, the cost for PCGS to look at it is $70. In most cases the coins are probably graded accurately, but with a second look you may be able to get a + or a bump up a point. In the end it's a gamble. Is it worth risking $70 to gain whatever increase in value a + or another point would give you?

The best route is probably to submit to CAC and then submit anything to PCGS that gets a sticker IF it makes financial sense to do so. Note that CAC submission isn't much cheaper, but a sticker will add value where as PCGS regrade might leave you with the same value if they do not upgrade your coin.

Note that many on here do not understand that you can go for reconsideration service where the coin is not removed from its holder unless it will upgrade and there is no downgrade risk unless you remove the coin from the holder.

IIRC, common date $20's don't have a lot of price differences under MS64. It is unclear what coins you have and if this is the case.

Aotearoa

Just adding to the last lines above:

… and the value is often based on the gold content, which can make even the initial slabbing a losing game.

specialdavo

Thanks everyone for your advise and information

winesteven

@humanssuck said:
That doesnt mean much. Ive seen coins that were graded 35 years ago, and if the collector who owns them is smart will stay entombed in its current plastic forever to keep from being downgraded.

I would suggest to have a knowledgeable dealer in your area review them to see if they think they should be sent in for reconsideration or not.

I also recommend the CAC stickering route first (if that’s successful, DON’T Regrade with PCGS as you’ll lose the CAC sticker. If anything, I suggest only using PCGS Reconsideration for holders with CAC stickers).

However, if you go straight back to PCGS bypassing the CAC stickering strategy, be aware with PCGS Regrade, they guarantee the grade will NOT drop. As such, if there’s no CAC sticker, AND IF there’s no significant value to your “old” holder, I suggest Regrade and not Reconsideration.

Steve

ricko

@specialdavo... Welcome aboard. Excellent advice offered in preceding posts. I agree. Cheers, RickO