PCGS's procedure for dealing with crossovers?
dan1ecu
Posts: 1,573
Greetings, All -
If I submitted coins for crossover in NGC holders, will the graders evaluate the coin differently than they would a raw coin? In other words, does the holder make it more difficult to evaluate the coin?
I've read that with a raw coin, they tilt the coin back and forth under the light. This way, they can evaluate the coins luster, and see any imperfections with the naked eye.
With holders being reflective, does it make evaluating a coin more difficult if it's slabbed? If so, do you get points off, so to speak, for submitting a coin in a holder? Do you think that the graders' preference would be to grade a raw coin? Could this be why it's more likely for an MS65 coin to be holdered as an MS65 if it's submitted raw, as opposed to if it's submitted in a competitor's holder?
Dan
If I submitted coins for crossover in NGC holders, will the graders evaluate the coin differently than they would a raw coin? In other words, does the holder make it more difficult to evaluate the coin?
I've read that with a raw coin, they tilt the coin back and forth under the light. This way, they can evaluate the coins luster, and see any imperfections with the naked eye.
With holders being reflective, does it make evaluating a coin more difficult if it's slabbed? If so, do you get points off, so to speak, for submitting a coin in a holder? Do you think that the graders' preference would be to grade a raw coin? Could this be why it's more likely for an MS65 coin to be holdered as an MS65 if it's submitted raw, as opposed to if it's submitted in a competitor's holder?
Dan
0
Comments
<< <i>will the graders evaluate the coin differently than they would a raw coin? >>
Yes.
<< <i>In other words, does the holder make it more difficult to evaluate the coin? >>
Yes.
<< <i>With holders being reflective, does it make evaluating a coin more difficult if it's slabbed? >>
Yes.
<< <i>If so, do you get points off, so to speak, for submitting a coin in a holder? >>
Yes.
<< <i>Do you think that the graders' preference would be to grade a raw coin? >>
Yes.
<< <i>Could this be why it's more likely for an MS65 coin to be holdered as an MS65 if it's submitted raw, as opposed to if it's submitted in a competitor's holder? >>
Yes.
Russ, NCNE
peacockcoins
i've always figured that when they're grading a crossover "at the same grade or higher" submission the coin needs to be a lock with no surprises possible in the graders' eyes. once they crack it out, it has to go into a same grade or higher holder, right??!!?? that's why i accept that they'll always err on the side of caution.
on the other hand, a submission to "cross at any grade" only needs to be deemed genuine, uncleaned, non-AT, etc. without respect to the grade, which makes it a bit easier. i have read threads about "cross at any grade" submissions returned as DNC, the equivalent of a holdered BB!! BUMMER to be sure.
al h.
Looking for PCGS AU58 Washington's, 32-63.
al h.
From what I've heard from numerous people is: They take a quick glance at your coin, type DNC into the computer, cash your check, and return your coin......
My own take is that PCGS has to somehow continue the perception (illusion) among the collecting community that their piece of plastic is something really special, and that all other 3rd party services are more lenient and therefore 2nd rate and less desirable by comparison. People must BELIEVE that it's worth 30.00 or more per coin, plus 2-way postage, plus a long wait, just to have your coin encased in a PCGS holder with their opinion of grade on any given day, which can also change up or down on any given day. They must therefore be EXTRA tight on crossing coins from 2nd rate less desirable holders into their own at the same stated grade.
PCGS is very good about crossing over PCGS coins to PCGS at the same grade. Just put your coin in a PCGS slab and submit; you'll probably do OK.
Yes the graders know the grade on the current holding. I'm not sure when PCGS changed their process, but sometime in the past (at least prior to August or so of 2003), the grade on the current holder was covered (i.e., the graders did not know the grade on the holder).
Same as cross at any grade?
I was thinking of doing this!
Don
Small coins like a nickel or smaller would probably be hard to grade in some slabs but larger coins should be pretty easy unless the holder is really scratched up.