Crack out question

fountainheadgold

I have a common date 1927 saint in ms65. it is in a green holder, and came from a non dearler source. It is at least ms66 and has a shot at 67. Sorry i still can not upload pics but i am working on it. My question is this. Should I take it to baltimore and have pcgs review it in green holder or submit to ngc first for an upgrade only then resubmit to pcgs. I am sure of at least 1 point but wonder how pcgs would treat it in slab

Placid

I would crack it if I was sure it would upgrade and submit it raw just to rule out any possible prejudice.

tjkillian

I recently submitted a 1899 $20 that I bought from a dealer in a PCGS MS-62 holder. I submitted it to PCGS in its holder and they reslabbed it as MS-63 as it was clearly undergraded as a MS-62.

Tom

roadrunner

For a mere $25 or so I 'd take the first crack at just seeing if they'll upgrade the coin to a 66. They could also just bypass the 66 and go right to 67. At least then you've taken all risk out of the equation. There is always a chance they will not even regrade the coin due to a "hidden" problem. But with common gold this is pretty slim.

I just recently had an OH PCGS63 Saint that I sold as is for 64++ money. I figured the coin was a very good shot 65 coin. But nothing is a foolproof. If the coin is that good, there would be any number of dealers who would offer you $1800-2200 for the coin as is....that includes me too. Even in a 66 holder, if it is still a PQ shot 67 coin, it will bring strong 66 money in that holder.

roadrunner

coinguy1

I would resubmit it to PCGS at the show via "regrade" in the holder.

That way, you have no downside - I have seen many people (including very sharp dealers) crack out coins for upgrades and end up with downgrades or no-grades.

And, based upon my experiences, I am of the opinion that you have just as good of a chance for an upgrade at a show if the coin is submitted for "regrade" in the holder, as you do, if it is submitted raw.

fountainheadgold

Hi Mark, I will look you up at Baltimore, and I am sure with all the nice coins you have i will find one to purchase and maybe you could take a look at my gaudens and give your opinion

coinguy1

Fountainheadgold,

I'd be happy to look at your coin for you. I'm usually at that show until late Saturday morning or early Saturday afternoon.

mintluster

You should definately submit it for a regrade to PCGS still in the holder. There is a great chance you will still get the upgrade. I resubmitted a first generation 1880-S Morgan MS64 to PCGS and it came back a MS66! I think they will admit when they have undergraded something in the past. Times change, people change, and these standards have changed.