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Cracking it out or leave holdered ?

Crazy4CoinsCrazy4Coins Posts: 1,922 ✭✭✭
in U.S. Coin Forum
When sending in a coin to try and get it upgraded, is it recommended to crack it out first or just send it in its holder?I was wondering if the graders are influenced by seeing the previous grade given to a coin, especially if they know its been submutted several times before.Then I like the idea of keeping it in its holder so I dont have to worry about damaging it while trying to get it out or it getting damaged during shipping.

What are the forum members experiences or recommendations when re-submitting coins?

Randy
Randy


The Whisker Cheek Collection - Top 50 Peace VAM Registry
Landmark Buffalo Collection

Comments

  • edsondledsondl Posts: 385
    I think that it comes down to how much you trust your own abilities to grade.

    If you are an expert grader, then crack it since it will surely grade on its merits.

    But if you are not an expert, I say limit your losses to the grading fee and send it in in the holder.

    -Dan
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Crack it out or don't bother submitting it.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • nankrautnankraut Posts: 4,565 ✭✭✭
    If you feel strongly that it's undergraded, send it in the holder; otherwise, I would crack it out.
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • 1jester1jester Posts: 8,637 ✭✭✭
    I'm with Steve--crack it out or don't send it in.

    imageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭
    Well it depends on what it is. I think that PCGS might cut the coin a little slack if it is a key date or semi-key date or a tough to find date. For a $1500 coin in AU it would be real tough to sell raw on eBay and get $1500 for it. Therefore you either keep it as a raw coin, resubmit to the company that holdered it originally and hope they grade it the same as or higher than it was before. If it was NGC au53 and you cracked it and PCGS calls it a 45 or even bodybags it then yer screwed. Now you have to pay to send it back to NGC and hope it gets regraded the same as it was. I just sent 5 to PCGS in the NGC holders a 92-CC in 63 a 79-CC in 53 a 93-O in 53 a 03-S in 53 and a 04-S in 58 so I will post how it comes out. I believe the grade on the slab is hidden from the PCGS graders so that it does not unduly influence their judgement. As the man said the wost that can happen is that you are out the submission fee and some postage.
    theknowitalltroll;
  • clackamasclackamas Posts: 5,615 ✭
    The graders have no idea it came in a holder. The coin WILL be cracked prior to going into the grading room. If you are confident enough that the coin won't be down graded then crack it yourself and send it in. The protection of leaving in the holder is that the coin won't be downgraded (at least without compensating you).
  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭
    Not true, the coin is cracked out only if it crosses or upgrades. If it is a DNC it comes back in the original holder. Thats the purpose behind the crossover service.
    theknowitalltroll;
  • geb209geb209 Posts: 375


    << <i>The graders have no idea it came in a holder. >>



    Wrong. The grader will look at the submission form, which will have the prior grade on it. The can, and do, look at the submission form while grading the coin.
  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭
    Well we shall see. Why would the grader need to see the submission form? Go back and read the descripion of crossover service as methinks that you are misinformed.
    theknowitalltroll;
  • braddickbraddick Posts: 23,946 ✭✭✭✭✭


    << <i>I'm with Steve--crack it out or don't send it in.

    imageimage >>

    Well... recent NGC MS66* $5,000.00 Morgan turns into a $1,200.00 MS64 coin...
    I don't know, if on every occasion, this is sound advice.

    peacockcoins

  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭
    Upgrading is different than crossover so if you are confident it will upgrade then crack it. I mite be inclined to seek a couple other opinions tho. Also it would depend on how much you think it is undergraded; 2 points I would definitely crack it.
    theknowitalltroll;
  • puffpuff Posts: 1,475


    << <i>Upgrading is different than crossover so if you are confident it will upgrade then crack it. I mite be inclined to see a couple other opinions tho. >>



    I agree that upgrading is different than crossover, but from a recent experience I had a Walker that I was confident was undergraded and so I sent it in for resubmission, (returned in holder), and sure enough it went from an ms66 to ms67.
  • geb209geb209 Posts: 375


    << <i>Well we shall see. Why would the grader need to see the submission form? Go back and read the descripion of crossover service as methinks that you are misinformed. >>



    I did and I don't see anything that suggests that the grader does not see the submission form. I have asked customer service this very issue and they said that the submission form accompanies the coin to grading. Why need to do it that way? No reason, but that's the way it is (or so I was told by a customer service rep).
  • DennisHDennisH Posts: 13,990 ✭✭✭✭✭
    I've toured the PCGS grading process twice and never saw a single invoice with any tray of coins. Invoice numbers are on the stickers attached to each raw coin flip or crossover coin, but I was told and shown that the graders do not see any invoice paperwork, nor are their computers able to access the Customer Service database that lists the coins' original grades.

    But why not ask HRH tonight on the Q&A forum just to make sure?
    When in doubt, don't.
  • 1jester1jester Posts: 8,637 ✭✭✭
    Braddick, you're right, and I was wrong. I suppose in my case, I always crack out coins because I'm pretty confident they'll be upgraded when sent in again. This might not be good advice for everyone and every coin. If I'm not sure, I won't crack it out in the first place. As Bajjerfan pointed out, you might be left holding the bag (body bag in some cases).

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • relayerrelayer Posts: 10,570 ✭

    The first thing you need to realize is that even is a good thing

    Braddick gives an excellent example. He had a NGC MS66*, now he has a PCGS MS64.

    If you want to gamble on an upgrade keep in mind the potential loss in value between it's current grade and lower grade.

    Crack it and you are betting it will upgrade.

    Submitting it to cross with a minimum grade, or an upgrade review means the worst case is you are out your submission fees.

    Feeling Lucky?
    image
    My posts viewed image times
    since 8/1/6
  • puffpuff Posts: 1,475


    << <i>I've toured the PCGS grading process twice and never saw a single invoice with any tray of coins. Invoice numbers are on the stickers attached to each raw coin flip or crossover coin, but I was told and shown that the graders do not see any invoice paperwork, nor are their computers able to access the Customer Service database that lists the coins' original grades.

    But why not ask HRH tonight on the Q&A forum just to make sure? >>



    I would also add that in addition to having a $200.00 Walker in a PCGS holder going from ms66 to ms67 upon resubmission, and raising the value by $1000.00 and not being a dealer should tell you guys something about cracking vs. resubmission........

    Plus from talking with both dealers in my sig line and asking this very question I was told that they have resubmitted coins in their holders that have upgraded raising the value in multiples of thousands of dollars.
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    image
    Bill

    image

    09/07/2006
  • merz2merz2 Posts: 2,474 ✭
    I think it depends on the value.If the upgrade would cause a big jump in value then crack it out.If not send it in the holder.
    Don
    Registry 1909-1958 Proof Lincolns
  • 1jester1jester Posts: 8,637 ✭✭✭
    Cosmic, that is classic!!!

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22

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