How frequently do you drop a grade on a PCGS regrade?

keoj

Just curious on this one....what % of PCGS regrades lose a point or more in the regrade process. On the correlary, what % of PCGS regrades gain a point or more. We discuss crossover all the time and just curious about the percentages. I have no idea but does the distribution look like this?

- % losing a point or more = 5%?
- % staying the same = 90%
- % gaining a point or more = 5%

As I understand it, the % losing a point or more costs PCGS real money.

keoj

keoj

ttt...one time.

wingedliberty

15%
55%
30%


Brian.

wayneherndon

If you mean the "regrade" as in submitting through the "Regrade" service, none because the coin can only stay the same or improve. It cannot go down under this tier.

If you mean "regrade" as in cracking it out of the holder and submitting it through the "Grading" service as a raw coin, then I don't do enough this way to have an adequate sample to report.

Also, in either case, you have to keep in mind that people (virtually) only do this for coins they think are going to upgrade. Thus, it will be much different than a random sample.

What you may be asking about is "Guarantee Regrade" which is for coins one suspects are overgraded. This is the only service that could result in a downgrade along with a check from PCGS. These submissions are rare as too few people send in their suspected overgraded coins. Ttheir is a higher fee and they must be submitted through an authorized dealer (no Collector's Club submissions). Perhaps this is intentional to further limit these types of submissions.

WH

dbldie55

Other than the 70 grade, I would think losing a point (this would be on a guarantee submission, not a regrade which cannot go down) would be < 1%
stay the same 98%+
up a point ~1%

PCGS just does not make mistakes, at least not when the coin is submitted in the original holder.