Cracking open High Grade NGC MS67

Mikesp1

I see a Merc Dime 1929 high grade MS67FB NGC on ebay for $900. I was wondering just how much of a chance I would be taking if I bought it and cracked it open so I could submit it to PCGS so it would go towards my registry set. If I'm wrong and PCGS grades it just one notch lower, I will take a big loss. Is it worth it? I think not, but would like to hear from you. Thank you from a first timer!

roadrunner

You must be "nuts" to consider this imo. Unless you have a monster MS67 that everyone just loves, I'd leave it in the holder. If you must try something, then go for a PCGS cross at $25. If it makes it, then you probably do have a heckuva MS67. Aren't PCGS and NGC nearly a full point apart on Mercs and Roosies?

roadrunner

Mikesp1

Thanks for the reply roadrunner. That is what I would like to hear. I figure a bunch of you have experience in such things. So, there is a point difference between NGC and PCGS? If that is so, than of course I wouldn't pull the trigger. Now knowing that there is a difference, I won't think of it!!

JrGMan2004

Would be better to try and cross it in the holder... you're right that is a huge jump in price... sometimes the difference between a 66, a 67, and a 68 can be extremely minor... and it is my opinion that most of the time, NGC grades 1 point looser than PCGS...

dbldie55

My dealer tried 4 times (@$100 a shot) to cross a MS67 Liberty Nickel with no luck. He then sold it. It is currently in the Heritage CSNS sale in a PCGS MS67 holder. All depends on the coin and sometimes the submitter.

roadrunner

Grading gods are very fickle. You can try crossing the same coin forever and get nowhere. Then on the 20th try, long after you've sold it, Joe Schmoe strikes gold. There's great risk in paying huge premiums for the plastic, even if you think you know the outcome.
Unfortunately what you and I think rarely matter. And often times it doesn't even matter what grade the coin really is!

roadrunner

jbsteven

a ms68FB Mercury is tough to make at PCGS. The coin has to be all there and then some.

jacktheknife

I just wouldn't do it unless I had the coin in my hand and felt that strongly that it would make it. I would say that for Lincolns, there is about a 1 point difference in general. Not sure about Mercs, though. Start with taking a look at the coin in person and go from there.

LucyBop

I agree with manofcoins....

Steve27

In order to even consider this, you would need to hold the coin in your hand and be able to determine if it's truely a 67FB. Since it's on eBay and I'm guessing you're not an experienced grader, DON'T do it.

Fairlaneman

PCGS does not give away the 67FB grade for the earlier dates. With that said I agree with the folks that say you must have the coin in hand and make a decision then. One thing to remember is that NGC grades to their standard and PCGS grades also to their standard. The difference between the two standards is about a half of a point in the Merc series with PCGS being the tougher of the two.

Something you might consider is looking at PCGS 66FB coins and then try for a upgrade if you think it is warranted. The downside money loss would probably be zero and who knows maybe the 67 would come along for you.

Ken

coinguy1

<< <i> So, there is a point difference between NGC and PCGS? >>

In many cases yes. In many others, no. In a number of instances NGC has graded the same coin lower than PCGS has. It depends upon the specific COIN and the whims of the grading company at the time they grade it.

I believe that any overly broad generalizations regarding how one company grades vs. the other, are incorrect and potentially misleading.

jbsteven