PCGS Regrade VS Reconsideration

ricardouno

I have a collection of mostly Morgan Dollars and Franklin Halves that were graded by PCGS many years ago.

A few are in the old green holders but most from in the years just right after that. None have a CAC sticker and I have no desire to go the CAC route.

I am an older person and these are intended as a legacy collection, so creating overall value is important for my purposes.

Grading of the collection was done before PCGS offered the "+" designation.

The coins all were graded from MS-65 to MS67......some PL and DMPL Morgans and virtually all the Franklins are FBL.

I recently checked the online PCGS Price Guide against the grades previously assigned my coins and noted that adding a "+" would add considerable value to most. Of course, adding a full grade would be amazing.

At this time, what would be best submission category for these.....Reconsideration or Regrade? Also, if I choose Reconsideration, which of the four options would be best to check?

Which service might yield the best results if I submitted a carefully chosen group of ten or more coins?

Thanks, in advance, for any help!!

Pnies20

Are you only asking for consideration for a + designation? You can also do that.

2windy2fish

Reconsideration for sure, if you Regrade the coin comes out of the holder and is then graded risking grade and holder, little downside to reconsideration as they grade in the current holder
Why not try a handful and see if PCGS agrees with you!

ricardouno

Is it better, then, just to ask for a + designation on reconsideration? Does it increase the chance of an upgrade?

2windy2fish

I believe you will get either a plus or a grade jump if the coin is worthy
Asking for just a plus won’t increase your chances

ricardouno

2windy2fish: Thanks for that information.

skier07

I would submit as a regrade. Coin is cracked out of the slab and has a higher chance of upgrading. There’s very little downside. PCGS will not downgrade your coin and the worst case scenario your coins will remain the same grade. When you submit as a reconsideration your coin is evaluated in the holder while as a regrade it’s cracked out of the holder. It’s less likely the graders know the grade of the coin as a regrade. It probably makes more sense submitting old copper and some coins in OGH’s as a reconsideration.

jmlanzaf

The "CAC route" would be more cost effective and also provide an expert opinion on which coins are worth reconsideration/regrade. Old holders are not automatic jumps.

PeakRarities

@jmlanzaf said:
The "CAC route" would be more cost effective and also provide an expert opinion on which coins are worth reconsideration/regrade. Old holders are not automatic jumps.

Agreed, especially since you say that "creating overall value is important for my purposes". A CAC sticker will likely cost less, and sometimes add more value than a + upgrade. If I were you, I would leave the OGHs alone and send them for CAC stickers, and submit the others in newer holders that look to be conservatively graded for re grade. Upon the upgrades, or not, I would then send for CAC approval afterwards.

TomB

Your two statements-

"None have a CAC sticker and I have no desire to go the CAC route." and

"so creating overall value is important for my purposes."

Contradict each other in many/most real-world examples for US coins in today's market. If you are really interested in overall value then a simple CAC sticker can help a lot of coins for just a small submission fee.

U1chicago

@TomB said:
Your two statements-

"None have a CAC sticker and I have no desire to go the CAC route." and

"so creating overall value is important for my purposes."

Contradict each other in many/most real-world examples for US coins in today's market. If you are really interested in overall value then a simple CAC sticker can help a lot of coins for just a small submission fee.

While it is true that the CAC route is an avenue towards maximizing value, is it still true that’s it’s a small submission fee? From the website, it appears to now be a minimum of $22 per coin. Also, they are not accepting new members, so the original poster would have to find a dealer to submit through, meaning no refunds on coins that don’t pass (and maybe a premium charged by the dealer for providing the service).

jmlanzaf

@U1chicago said:

@TomB said:
Your two statements-

"None have a CAC sticker and I have no desire to go the CAC route." and

"so creating overall value is important for my purposes."

Contradict each other in many/most real-world examples for US coins in today's market. If you are really interested in overall value then a simple CAC sticker can help a lot of coins for just a small submission fee.

While it is true that the CAC route is an avenue towards maximizing value, is it still true that’s it’s a small submission fee? From the website, it appears to now be a minimum of $22 per coin. Also, they are not accepting new members, so the original poster would have to find a dealer to submit through, meaning no refunds on coins that don’t pass (and maybe a premium charged by the dealer for providing the service).

It's a smallER fee, isn't it?

MetroD

Please don't forget to consider the 1% "guarantee premium" on 'regrade/reconsideration'. Link

It adds a minimum of $10 per upgraded coin. And could become significant, depending on the 'PCGS Price Guide' value for your specific coins.

U1chicago

@jmlanzaf said:

@U1chicago said:

@TomB said:
Your two statements-

"None have a CAC sticker and I have no desire to go the CAC route." and

"so creating overall value is important for my purposes."

Contradict each other in many/most real-world examples for US coins in today's market. If you are really interested in overall value then a simple CAC sticker can help a lot of coins for just a small submission fee.

While it is true that the CAC route is an avenue towards maximizing value, is it still true that’s it’s a small submission fee? From the website, it appears to now be a minimum of $22 per coin. Also, they are not accepting new members, so the original poster would have to find a dealer to submit through, meaning no refunds on coins that don’t pass (and maybe a premium charged by the dealer for providing the service).

It's a smallER fee, isn't it?

$22 for a sticker is a little lower than what a grading fee is, especially if you have to pay the 1% guarantee premium @MetroD mentioned

winesteven

Some clarification for above comments:

1. Regrade basically does not risk getting downgraded, due to PGCS guarantee.
2. I agree chances of success are higher with Regrade than with Reconsideration.
3. Some are in Old Green Holders (OGH’s). Currently, “the market” values many of these similarly to coins in that grade with a Plus. Get expert help before submitting these few.
4. The CAC stickering prices have been increased. The $22 fee is only for coins valued less than $3,000, which may be ok for many/most of your coins. For higher value coins (but less than $10,000) the submission fee for stickering is now $68.

Steve

jmlanzaf

@winesteven said:
Some clarification for above comments:

1. Regrade basically does not risk getting downgraded, due to PGCS guarantee.
2. I agree chances of success are higher with Regrade than with Reconsideration.
3. Some are in Old Green Holders (OGH’s). Currently, “the market” values many of these similarly to coins in that grade with a Plus. Get expert help before submitting these few.
4. The CAC stickering prices have been increased. The $22 fee is only for coins valued less than $3,000, which may be ok for many/most of your coins. For higher value coins (but less than $10,000) the submission fee for stickering is now $68.

Steve

Shouldn't #1 be "reconsideration... does not risk downgrade"?

winesteven

@jmlanzaf said:

@winesteven said:
Some clarification for above comments:

1. Regrade basically does not risk getting downgraded, due to PGCS guarantee.
2. I agree chances of success are higher with Regrade than with Reconsideration.
3. Some are in Old Green Holders (OGH’s). Currently, “the market” values many of these similarly to coins in that grade with a Plus. Get expert help before submitting these few.
4. The CAC stickering prices have been increased. The $22 fee is only for coins valued less than $3,000, which may be ok for many/most of your coins. For higher value coins (but less than $10,000) the submission fee for stickering is now $68.

Steve

Shouldn't #1 be "reconsideration... does not risk downgrade"?

While Reconsideration does not risk a downgrade, my intent was to address things stated above. There was a comment that specifically said "Regrade the coin comes out of the holder and is then graded risking grade", so I was clarifying that basically that is not correct.

Steve

ProofCollection

A tip is that if you do submit for reconsideration, pay the $5 for and ask for in-slab trueviews for coins that don't upgrade.

jmlanzaf

@winesteven said:

@jmlanzaf said:

@winesteven said:
Some clarification for above comments:

1. Regrade basically does not risk getting downgraded, due to PGCS guarantee.
2. I agree chances of success are higher with Regrade than with Reconsideration.
3. Some are in Old Green Holders (OGH’s). Currently, “the market” values many of these similarly to coins in that grade with a Plus. Get expert help before submitting these few.
4. The CAC stickering prices have been increased. The $22 fee is only for coins valued less than $3,000, which may be ok for many/most of your coins. For higher value coins (but less than $10,000) the submission fee for stickering is now $68.

Steve

Shouldn't #1 be "reconsideration... does not risk downgrade"?

While Reconsideration does not risk a downgrade, my intent was to address things stated above. There was a comment that specifically said "Regrade the coin comes out of the holder and is then graded risking grade", so I was clarifying that basically that is not correct.

Steve

Thank you for the clarification