Too much focus on the coins that are regrades, upgrades, downgrades, etc.

TheNumish

There has been so much discussion lately about how many times a coin has been submitted, undergraded, overgraded, crossed over, cracked out etc. etc. It gives the impression that every coin in a holder has been resubmitted over and over, worked on, dipped or just plain graded wrong. Makes the whole thing seem like a joke. Maybe I'm naive and it is.

In my opinion these coins are the exceptions and not the rule. I think most of the time the major grading services do a good job grading coins. The problem is that these coins really stand out and sometimes the lines between grades is grey and not black and white.

michael

i understand waht you mean numis and from what i see on these boards many definately lose sleep over it and place an inordinate piece of plastic as first and foremost in their lives

for me i really do not care if a coin has been cracked many times regraded many times in many different holders and has more money into grading fees than the coin is worth!

just show me a coin in a plastic holder that is within my area of speciality and i will tell you if i like it or not and if i think it is a great extraordinary coin that i really like!!!!!!!!!!!!!!!!! whether it is for sale or not!!

that is all that matters to me the coin yes the holder is sometimes a nice bonus but for me it is the coin

presleyh

it is simple. take the following example: 1976 ike tp 1 ms-65 list price 260.00 same coin in ms-66 1175.00 same coin raw 5.00. its kind of like panning for gold. you really want to find a hugh nugget, but mostly you just get your feet wet trying. its the great american dream----if only it would go up to ms-66 next time

braddick

To be fair, most (if not all) of those $5.00 Ikes are not MS65.
PCGS holdered Ikes in MS63 or MS64 usually sell for grading fees only. The coin is free.

Whitewashqtr

Too much money involved and too many "experts" collecting. I tend to think the grading services hit the marks (99%) of the time the first time around.

Less regrades = less revenues.

No upgrades - no regrades

BTW !! an we grade this thread? After it gets resubmitted of course.

Dog97

First of the common slabbed stuff aint no fun to talk about.
99% of the coin collectors don't give a hoot about PCGS or slabs in general.
Crackouts, regrades, borderliners and grading are highly misunderstood and the people who hang out here tend to be the more advanced collectors who are interested in the subtle differences that make a point difference in grade.

presleyh

braddick, that is exactly my point. an ms 64 is worth a dollar an ms 65 maybe 200.00 and an ms 66 maybe three times that much, its enough to make someone want to resubmitt a really nice ms64. personally i doubt that pcgs will upgrade the vast majority of resubmissions, so i wouldnt pay to try.

braddick

Learning and living what you just wrote puts you well ahead of the game.
If anyone questions that, just check the latest Pop reports on MS64 clad coinage.

coynclecter

I used to believe that most coins could be graded accurately about 90% of the time. These days I think different. I have cracked out and sent about 20 PCGS coins in the last 4 months back to PCGS (all older classics). Almost half have come back a different grade. Unfortunately I have had 3 upgrades, 4 down and one BB. The other 10 or so came back the same grade. I'm wasn't trying to work the system, I was just testing what I had been reading on these boards. These days if I see a big diffence in price between grades, I buy the lower grade.

I have lost a lot of confidence in the graded slab system but I'm grateful to this forum for helping me out of the dark.

Coyn

WWBillman

coynclecter,

20 coins cracked out and resubmitted resulting in 3 upgrades, 4 downgrades, 1 BB, and 12 returned with same grade.

If we do not count the body bag (everyone should be allowed at least one mistake) and focus on the other 19 coins and to illustrate say all the coins were originally graded MS65 so we can judge the consistancy of the grading.

If all 19 coins were MS65 thus having an average grade of 65 then after being cracked out and resubmitted you ended up with 12 MS65, 4 MS64, 3 MS66. The resulting average grade would be 64.95.

That seems pretty consistant to me.

goyankeez

This is an interesting thread. When I first got into collecting slabbed coins and looking at population reports and price guides, I thought a 67 was a 67. There was a time when I tried to find the biggest discrepancy between price guide list and price offered on ebay. I thought that I was getting these really good deals, without knowing anything about the coin or the true grade. I took the coin to be whatever the slab said. Most inexperienced/beginner collecors may do the same. If coin X in PR-67 is worth $250, then $200 may seem like a good deal. It's unfortunate that some dealers take advantage of this, and try to get that 67 grade from the grading company, while in reality the coin may be somewhere in between 66 and 67.

Currently, I don't really care what the slab says (except for use in the PCGS coin registry). A coin is a coin and not a slab with writing. I think a sealed slab is a good way to safely store and handle your coin, identify your coin (w/ cert. #) and safely buy and sell online (by identifying it with cert. # in picture). The registry set is also fun. Of course buying from well-respected dealers on ebay and elsewhere is also key.

I don't think you can blame PCGS or the other reputable grading services. These are humans who grade and make decisions as to what the coin should be, using 1 point increments. Unless computers grade coins using decimals, its based on human judgment.

Bear

Bill - Your one of the few people , who can take something difficult and make it seem simple. Thank you. Bear

coynclecter

So WW

If I send in 6 MS65 coins and I get back 3 in MS63 and 3 in MS67 I can say they average 65 so we have proven that coins can be graded with 100% accuracy.

Someone please pass the pipe, I've been left out.

Bear

Coyn - Are you smoking the turkish blend or the funny stuff?

cladking

The grading services do a superb job of what they do- - pricing coins. They are
trying to assign a value to a coin based on it's condition in an atmosphere of
constantly evolving tastes and markets. Then on top of that, some gaurantee
the accuracy of their price predictions for all time on a ten point scale. Then when
a coin doesn't always get the exact same holder on numerous submissions, some
feel it's chicanery or fraud. Lighten up a little.

BigD5

Coyn, please excuse me while I pick myself up off the floor. It's wayyyy tooo early for me to be laughing this hard.