Yes it was a nice cornerstone coin b4 being cracked. My philosophy is if it’s not broke why fix it? It was at optimal achievable grade, problem free, etc. The overhead expenses of the biz enough as it is, let alone the 2 point loss from a downgrade. Sorry for your loss. If your going to play the crackout game be prepared to lose, pay some tuition.
@RLSnapper said:
NGC is loose by at least 1 point in every major coin series. This result was to be expected....
Bingo.
No “Bingo”. While NGC grading tends to be more liberal in general, it’s not nearly so to the extent that the two of you make it sound like.
Bingo = "in general". My seated quarter set was once in a Dansco and had many PCGS/NGC cracked coins. Probably a 3rd of the NGC coins came back a grade or two lower, or even cleaned, which NGC seems to have a greater tolerance for straight grading.
Here's an example. Good thing I paid between F15 and VF20 PCGS money for it.
@RLSnapper said:
NGC is loose by at least 1 point in every major coin series. This result was to be expected....
Bingo.
No “Bingo”. While NGC grading tends to be more liberal in general, it’s not nearly so to the extent that the two of you make it sound like.
Bingo = "in general". My seated quarter set was once in a Dansco and had many PCGS/NGC cracked coins. Probably a 3rd of the NGC coins came back a grade or two lower, or even cleaned, which NGC seems to have a greater tolerance for straight grading.
Here's an example. Good thing I paid between F15 and VF20 PCGS money for it.
VF20
Did you also submit previously graded PCGS coins to NGC?
I bet if you did or do, with a reasonable sample size, some of them did or would grade lower at NGC.
Many coins are graded the same at each service. Additionally, each company grades a lot of coins higher and lower than the other does.
Yes, NGC is more liberal in general. But if someone just read the posts here and didn’t know any better, they might think that PCGS almost always grades more strictly than NGC does. And that’s far from the truth.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@RLSnapper said:
NGC is loose by at least 1 point in every major coin series. This result was to be expected....
Bingo.
No “Bingo”. While NGC grading tends to be more liberal in general, it’s not nearly so to the extent that the two of you make it sound like.
Bingo = "in general". My seated quarter set was once in a Dansco and had many PCGS/NGC cracked coins. Probably a 3rd of the NGC coins came back a grade or two lower, or even cleaned, which NGC seems to have a greater tolerance for straight grading.
Here's an example. Good thing I paid between F15 and VF20 PCGS money for it.
VF20
Did you also submit previously graded PCGS coins to NGC?
I bet if you did or do, with a reasonable sample size, some of them did or would grade lower at NGC.
Many coins are graded the same at each service. Additionally, each company grades a lot of coins higher and lower than the other does.
Yes, NGC is more liberal in general. But if someone just read the posts here and didn’t know any better, they might think that PCGS almost always grades more strictly than NGC does. And that’s far from the truth.
No, not for seated quarters. I did help my son with a higher end Lincoln set a few years back, which was in a Dansco and then graded by NGC. The only coin I remember was the 09SVDB which was PCGS58 and came back as NGC62.
Comments
This is the perfect example of why "cracke" kills.
Pete
I could still see it bringing near what you paid if listed raw as a 99 cent eBay auction. Maybe more if you found it in an abandoned safe.
Yes it was a nice cornerstone coin b4 being cracked. My philosophy is if it’s not broke why fix it? It was at optimal achievable grade, problem free, etc. The overhead expenses of the biz enough as it is, let alone the 2 point loss from a downgrade. Sorry for your loss. If your going to play the crackout game be prepared to lose, pay some tuition.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Bingo.
No “Bingo”. While NGC grading tends to be more liberal in general, it’s not nearly so to the extent that the two of you make it sound like.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Bingo = "in general". My seated quarter set was once in a Dansco and had many PCGS/NGC cracked coins. Probably a 3rd of the NGC coins came back a grade or two lower, or even cleaned, which NGC seems to have a greater tolerance for straight grading.
Here's an example. Good thing I paid between F15 and VF20 PCGS money for it.
VF20
I'll "Bingo" the "in general" bit.
Given the bargain basement price for a PR68, I don't see how the OP thought anything good could come from cracking it out.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Did you also submit previously graded PCGS coins to NGC?
I bet if you did or do, with a reasonable sample size, some of them did or would grade lower at NGC.
Many coins are graded the same at each service. Additionally, each company grades a lot of coins higher and lower than the other does.
Yes, NGC is more liberal in general. But if someone just read the posts here and didn’t know any better, they might think that PCGS almost always grades more strictly than NGC does. And that’s far from the truth.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
No, not for seated quarters. I did help my son with a higher end Lincoln set a few years back, which was in a Dansco and then graded by NGC. The only coin I remember was the 09SVDB which was PCGS58 and came back as NGC62.