submission of old green pcgs for upgade Question

theboz11

Have several $20 Saint in PCGS Ms-64 holders graded in the mid 80's. Is it worth my time and money to re-submit them to pcgs, and do you think they would grade higher with changing standards. Dan

dragon

They could be weak MS63's to strong MS65's or anything in between, the fact they're in older green holders means nothing.

merz2

I have to agree with dragon on this subject.You need to look at them closely and decide.

theboz11

thanks for the advice, the were prime 64's when I bought them and they haven't changed. Dan

Agflyer

Part of the submition equation is in knowing when you acquired the coins. If you picked up the coins in the last few months you have to consider that the person who owned the coins before you, might have also tried resubmitting as did the person before him, etc. If you picked up the coins in the late 80's you might have some coins that were conservatively graded and are just asking to be regraded. In any case, I wish I had several $20 Saints graded MS64 .

theboz11

These were bought by me, for the most part and submitted thru another dealer in 1985-86. I deal in gold. The question was more in respect to changed standards. Have been out of the action for the last 12 years and just jumping back in. Dan

jom

Yes, t would be a waste of time and money if you had no intention of selling the coins. Why waste money resubmitting for upgrade if you aren't going to sell?

Good luck!

jom

roadrunner

Green label holders certainly do have a better chance of being bumped up a grade than the later blue tag holders. Your chances of this happening are even greater if you actually like the coin.
Better still if you get a friend or associate to look at it too. Other than a $25 regrade fee it's a relatively free shot to get an upgrade. True, you'll lose the green holder label if the coin fails to upgrade and end up with a currently graded MS64. Figure that the current difference in price to a 65 is $350, the odds are very much in your favor. All depends on what your goal is. Even collectors are allowed to make a profit. You could have a pair of 64's for the price of a single 65.

roadrunner

theboz11

thanks, think I'll keep them green for awhile and watch. ttt

coinkat

Are they the old flat PCGS slab with the green label? If so, these coins, especially gold, were graded very conservatively. I would consider resubmitting if you have slightly better dates...Don't sell them in the old holders unless you get a premium.

roadrunner

Early green tags or first gen PCGS holders from the 1980's out of fresh deals, are usually laden with undergraded coins. This is no secret. Stacks just auctioned off about 100 such pieces in their last auction of which nearly all were older green tag holders. The coins were all very nice. I particularly liked one PCGS 63 in a first gen holder that was equivalent to many of PCGS's 65's today. I did get that one for no real premium and as a minimum it is 64++.

Like Coinkat said, you'd be nuts to do anything with those coins except to get solid premiums for them if sold, or to try and upgrade them prior to selling. PCGS is often very kind in reassessing older groups of their coins when resubmitted as a lot. I think the chances of getting upgrades in this manner is much more in your favor than in most any other circumstance.

roadrunner

dragon

<<< PCGS is often very kind in reassessing older groups of their coins when resubmitted as a lot. I think the chances of getting upgrades in this manner is much more in your favor than in most any other circumstance.>>>


Roadrunner, PCGS has said several times that the graders DO NOT know that any particular coin was sent in for regrade, as the coins are first cracked out and then go through the process as raw coins according to PCGS, therefore the graders have no idea that these were once in PCGS older holders. So how then can PCGS be very kind on reassessing groups of older coins sent in to them as a lot or otherwise?


dragon

eagle7

I agree with Dragon. Each one must be evaluated seperately. The label on the holder means nothing. I have even found a 1914-s twenty in one of those older pcgs holders with glue on the arm to conceal a heavy mark. Look at them closely. If they are premium for the grade, then by all means send them in for regrade.