Regrade Question ?

CarsonCityGold · November 7, 2002 8:26AM

I have a great upgrade candidate in one of the old, small PCGS holders. You know the one - label looks like it was typed - no bar code - no hologram and the coins are usually a little loose and rattle in the holder. I'm thinking about sending it in for a regrade. If the coin does not upgrade are they left in the original holder? I really don't want a new holder unless it upgrades. Thanks, CCG

lordmarcovan · November 7, 2002 8:53AM

Ah, yes. The old holder. Commonly called a "rattler".

Not speaking from experience (as I don't have any with regrades), I would imagine that it is treated pretty much like a crossover? That is, if it does not make your desired grade (or any upgrade), it stays in your original holder.

I think this is the case. But like I said, I've never tried a regrade. I have a proof 2c piece that I think is almost a CAM, though only two coins of that denomination have ever gotten the CAM status from PCGS. I think that label designation is fairly new for older proofs. I am thinking of seeing if it will go CAM, though I'm not sure it'll quite make it.

Good luck in your upgrade.

PS- I just checked out your set. Very cool. Nice pics, too!

It's rather ironic that the First Finest set of all time is called the "Poor Man" Collection! LOL!

Of course, being the only fish in the pond can have its benefits, eh?

The two center I mentioned above is the only coin in my spankin' new 2c proof collection. I made my debut at #4 tonight with only one coin, ha ha. 6th finest. The "road less traveled" is a great way to go! Keep up the good work!

My next icon:

Aaron04 · November 7, 2002 10:30AM

My regrades have always came back in new holders even if the grade stayed the same.

lordmarcovan · November 7, 2002 2:22PM

So I guess they crack it out of the holder before passing it to the graders, then? I didn't know that. So much for my idle speculation...

CarsonCityGold · November 7, 2002 9:34PM

Thanks for the replys. I do sometimes feel like the red headed, left handed orphan at the family picnic. Nobody wants to come play with me. Since I'm the only set, I'm not sure if I'm first or last. I'll just try to lay low until somebody knocks me off. - Lord M, I'm with you on that 2C piece of yours. It sure looks like it has a GOOD shot at Camo. Later, CCG

gmarguli · November 8, 2002 12:47AM

The coin is removed from the holder. HOWEVER, if you are nice and ask the right person and you are special, they will regrade them while leaving them in the original holder. They'll only crack it if they are going to upgrade it.

prooflike · November 8, 2002 12:54AM

Let's see an image and you can get some more opinions.

inneedof70s · November 11, 2002 4:46AM

Why would you want to leave this in the old holder if it doesn't upgrade? Is there some advantage to this? Is it somehow worth more in the old holder?

DMWJR · November 11, 2002 5:06AM

I've asked myself the same question as I have had regrades come back in the same holder and sometimes in new holders. I don't know what would make the difference.

Inneedof70s: I typically like newer holders with fewer scratches. However, If I buy a Red Lincoln in a new holder, I find myself wondering if the coin will turn in a few years. I know PCGS has a guarantee, buy I want the coin, not my money back. If I find a Red Lincoln in an older green holder, I know that it has been in there a couple of years and if it is still red, the chances of it turning rb or bn are much lower.

Also, some things coin doctors do show up after a coin is in a slab. If it has been in a slab for several years, the coin has a lower chance of being monkeyed with.

Your experience may vary.

inneedof70s · November 11, 2002 5:54AM

Thank you, that helps. I never thought of the coins finish deminishing. This brings another question. Is the coin safe in the mint issued container as in commemeratives, or should they all be graded so they are safely tucked away in their plastic blanket for the duration? I have a safe full of coins I have collected over the years. I know what PCGS's answer would be, but what about all you professionals out there? sure wish I knew how to link my set to this post. I made the #4 position and want to show off. can anybody help?

CarsonCityGold · November 11, 2002 7:52AM

No real monetary value reason - I just like the uniqueness of the very early holders. I'm still working on perfecting my skills with my new scanner. Coin is a stunning mirrored finish just starting to turn "steel blue". Yes, I collect more than Carson City Gold. Later, CCG

CarlWohlforth · November 12, 2002 12:40AM

That seems like a very nice proof Jefferson! A year or more ago I sent coins in for a regrade. The coins that didn't make it were left in the original holder. Recently I sent in two coins for regrade. Neither upgraded but both came back in new holders.

If I were you I'd keep that coin in that "old rattler" holder. I'd rather have a nice 67+ in an old holder than a just made it 68 in a new holder. After all there isn't much difference in price and it is the same coin.

Slabbing coins should help preserve coins in the long term. I have an otherwise gem proof set that has slide marks on the most prominent high points of the obverse. I also have a dime with staple marks. They are probably from pulling a coin from a stapled 2x2. It is sad to see mistreated coins

I have never damaged a slabbed coin yet

But we are not rushing out to slab all my wife's coins. She collects proof sets in their original packaging. Those coins won't be damaged as long as we have them, we hope.

clackamas · November 12, 2002 2:52AM

If you want it to stay in the same holder if it does not upgrade, you can send it in for a "Roundtable" review. I think its $50.

gmarguli · November 12, 2002 3:09AM

Why would you want to leave this in the old holder if it doesn't upgrade? Is there some advantage to this? Is it somehow worth more in the old holder?

You send in all your original PCGS slabs and the ones that upgrade do and the ones that don't are still in the old slab. Then you hawk these old slabs on eBay as "sure fire upgrades because of the sticter grading standards in the early years".

inneedof70s · November 12, 2002 3:51AM

I'm thinking that's just a tad bit dishonest. Although, if you used the word COULD, then I'd be okay with that.

gmarguli · November 12, 2002 4:04AM

Yes it is just a tad bit dishonest. That's why I don't do that. I crack the coins out and have them regraded raw. Then I sell the original insert on eBay so someone who can't afford the coin can still have it in their registry set.

inneedof70s · November 12, 2002 5:10AM

okay, now that's much better. After all, who needs the coin? Now that you mention it, who needs the inset? All you need to have the finest set is the number. I'm changing my name to "INNEEDOFNUMBERS".

DMWJR · November 12, 2002 5:55AM

"inneedofnumbers"

you will find many humerous threads in the archives where people talk of cracking out the coins and selling inserts, or just plain stealing numbers off of coins listed on EBay. Greg's real motto is "Sarcastic & Evil TM"

inneedof70s · November 12, 2002 6:00AM

OKIE DOKIE. I'll take that under advisement. If you don't have a sense of humor, you don't own a mirror, right?

Regrade Question ?

Comments