50% on NGC Upgrades!

FrattLaw

On Wednesday I submitted 6 of my toned Peace $ for show grade review and I'm pleased to report that 3 of them upgraded. I had a 1927 go from a 62 to a 63, a 1935-S go from a 62 to a 63 as well and I even got a * on my 1925. It stayed a MS65, but this coin really does deserve the *



Michael

Stuart

FrattLaw: That's great! 50% sound like you're batting .500 which is a super batting average!

braddick

Congratulations! Adding the STAR to colorfully toned Peace dollar in GEM grade is a strong boost.

tradedollarnut

True story: I just sold my last upgrade [from PCGS to NGC one grade higher] for a 30% loss. A combination of paying too much for the coin in a PCGS holder and having very little liquidity for it in the NGC holder. Unfortunately, just because the coins are in a higher graded piece of plastic doesn't guaranty financial success.

roadrunner

TDN, I don't think I've ever had this situation happen to me. But of course there are plenty of times when I don't get the upgrade that I do lose a good chunk of change. But I cannot think of any time that I got an upgrade and didn't get something out of it.

roadrunner

FrattLaw

<< <i>just because the coins are in a higher graded piece of plastic doesn't guaranty financial success. >>



If you don't sell or don't really care about the money, then this doesn't really mean anything. I'm not a dealer. I don't make my income from selling coins. I'm a collector. I don't even pay attention to what I paid for a coin.

When I start worrying about the money, then this isn't a hobby anymore, it's a business. I already have one of those to worry about.

Michael

tradedollarnut

If you don't sell or don't really care about the money, then this doesn't really mean anything. I'm not a dealer. I don't make my income from selling coins. I'm a collector. I don't even pay attention to what I paid for a coin.

OK - very serious question then: If so, then why care what holder they are in? Isn't the coin the same no matter what the grade on the holder? Why give NGC [or PCGS for that matter] cold hard cash to up the grade if it just doesn't matter?

FrattLaw

I prefer the NGC white for toned coins. I just think that the white background brings out the color better then the clear PCGS holders.

And as for resubmitting them, its more of a test of my skills. As I develop my grading abilities, I think it's a test against what the graders say the grade is.

The only series I know well enough is the Peace $. I thought that these 6 coins were undergraded, so I resubmitted them to see if I was right. According to NGC, I was right on 3 of them. The other 3, I bombed. It's a learning curve.

And of course, it also for the Registry game. Not that I'm going to be anywhere near the top, but it is a little bump.

Michael

DCAMFranklin

Feeling especially combative this morning, TDN?

tradedollarnut

Feeling especially combative this morning, TDN?

No - not at all. I was seriously curious. Those were two very good reasons. But I asked because so much money gets thrown at the grading services sometimes for no reason at all. I know of someone who submits about 5 coins per show just to throw mud at the wall. Even when they finally hit, they are so far behind financially that it just doesn't make sense. Just the thrill of gambling, I guess!