Undergraded Coin - Opinions Needed

styles

I am new to this forum and need opinions on the wisdom and best ways to have a coin regraded. I submitted a 1925 S California diamond jubilee that I paid $400 for to PCI and got it back with a grade of MS60. The condition was easily MS64-65 in the eyes of many collectors, so I am NOT very happy. Would it be a good idea to resubmit to PCGS or some other company that has a greater respect for early commemoratives perhaps? Thanks for any help would be appreciated.

"styles"

KlectorKid

It might be an AU-58 slider that got popped up to ms-60 for having so little wear?

DanC

Any pictures available?

Dog97

Usually I like keeping undergraded coins in their holders but if it is really that severly undergraded I think I would use the Crossover Service and get it upgraded & in a respected service's holder. Whatever you do don't crack it out of the PCI holder and submit it raw because you may get a rude surprise in the form of a body bag for some kind of problem you are not seeing.

jamesfsm

I normally agree with Dog. However, if you don't crack the coin when you send it to PCGS/NGC/ANACS, it is likely the coin will not be graded at all (i.e., "no cross"). An MS60 is not a coveted grade. If you can't return the coin, crack it out and send to NGC or PCGS or ANACS.

BillJones

Why did you pay $400 for a coin and send it to PCI? I wouldn't pay $400 for a PCI graded coin under any circumsances because I can't sell the brand the name. At $400 the coin would have to grade at least MS-65 in a leading company's holder for you to make money. Did you think someone would pay MS-65 money for a coin in a PCI MS-65 holder? If you find that customer you could make money by putting his name on the internet for a fee.

clackamas

Send it back to PCI

Dog97

jamesfsm-
He can cross "At any grade" and still keep from chancing a bodybag.
A 60 slab is better than a NG in a bag.
Any way he goes he loses unless he makes 65.
Whew, he's between a rock and a hard place.

Higashiyama

I would be very curious to see an image! I have never seen a classic commem graded MS60. The only way I can imagine a California commen getting that grade is if it were dipped out, but not quite deserving of a body bag.

dorkkarl

image please?

K S

TomB

It may have been wiped. I have noticed that wiped coins are difficult for many collectors to spot and have also noticed, albeit several years ago, that PCI had slabbed a number of wiped MS coins with grades that were lower than the initial eye appeal would suggest. These were in the green, no problem inserts.

au58

Please help me, I'm trying to find the logic in this thread.
Was the coin the nicest coin you could find for $400?
How much nicer are the examples that you looked at that were priced at $450?
Did you not like what you saw at $350?
If this was the nicest coin you could find for $400, what difference does it make what it says on the slab? So what if the slab says MS-60? You know what it is worth to you.
What if the slab said AU-58? Would it be worth less?
What if the slab said MS-65? If it's the same coin, how can it be worth more than the $400 that a willing seller and a willing buyer just agreed was a fair price.
Why spend anymore money by sending it to another slabbing company? Why not just crack it out and put it in your collection?

au58

I just re-read my last post. It sounds a bit crass. If anyone read it that way, please pardon me.
In this forum, I have read the adage "buy the coin, not the holder" at least 200 times. Then, I read story after story (more than 200 times) of submittals, re-submittals, crack outs, crossovers, etc.
I have been to shows and passed on coins marked MS64 at $500 and bought coins graded MS63 for $600. Why? Because it was a nicer coin.
What difference does it make what it says on the holder?

gmarguli

When did you buy this coin and from who?

It is odd for several reasons. This coin sells for $275 in MS64 and $900 in MS65. You paid $400. So, if you paid a price commensurate with its condition, then the coin should be a solid PQ MS64 - not a near miss MS65, but something along the lines of MS64.6.

If the current PCI graded the coin MS60, then you probably either have a "problem" unc or an AU (possibly with problems). If it was the old PCI, then you might have an undergraded coin, but not likely by 4-5 points.

maddox

First thing that comes to mind is someday I may sell the coin, sure would be nice to have the correct grade for the coin, especially if its slabbed..