regrading MS67

spacehayduke

Hi,
I would appreciate 'expert' insight. I have a coin graded MS 67 by a 'lesser' company. For all I can tell, it would be MS65 to 67 if graded by PCGS. The change in market value from 65 to 67 is huge but given the 'lesser' slab, I am not sure it would have market value of a PCGS MS 67. Do I, get it graded by PCGS and take their grade and have the market value set by the PCGS grade, accepting it might be downgraded, or do I just not worry about it. I don't plan to sell in the next decade, unless I lose my job. If PCGS grades it MS67, then it turns out to be the highest graded coin for that year and type in the PCGS and NGC Pop Reports, hence my skepticism towards MS67. On the other hand, think of the prestige of having this as #1 in the Pop report....... Complex issues here for me.

Thanks and happy holidays, Spacehayduke

KurtHorn

Hard to give you advice without knowing which "lesser company". Suffice it to say if it's one of the other big 4 (PCGS, NGC, ANACS, ICG) then it would be an even more difficult decision. If it's not then I would feel that the grade it currently has is completely meaningless. Just my opinion...

itsnotjustme

Unless the current grade is NGC it is "likely" overgraded, but surprises do occur!

You can get better responses if..
- you share the coin type/date
- better yet post a good scan or photo

Welcome to the boards! Step 1 is complete, realizing all grading services are not alike.

spacehayduke

Thanks for the insight. It is NTC. Braided Hiar Large Cent, RB (The RB was correct). Perfectly struck with the possible exception of one star on the obverse. But, I have heard that PCGS spends 30 seconds per coin to grade (that is what I was told), so I am not convinced they will get it right every time also. My personal grade for the coin is a 66 after inspecting dozens of NGC and PCGS graded large cents of that date range (excellent jpeg photos), but I could see it going 65 if in that 30 seconds PCGS inspects the right miniscule imperfection (1/2 mm almost unseen nick). On the other hand in 30 seconds they would be attracted to what NTC saw to grade it a 67 as this coin is a looker, clean, sharp, great luster. So who to trust, which stamp of approval, does it matter? Unfortunately, no pic yet I can show.

Cheers, Spacehayduke

centmaster

<< <i> But, I have heard that PCGS spends 30 seconds per coin to grade >>



30 seconds? We'd be looking at 6 month turnaround times if that was the case. I think it's more like 8 seconds!

nwcs

The odds are it won't cross even near the grade NTC gave it. And there may be problems, such as cleaning and retoning, that NTC didn't notice or annotate which would bag it at PCGS.

For professionals who see millions of coins, a few seconds is all it takes. Remember, they take the time necessary. For some it's a few seconds and others it can be much longer.

kranky

Welcome to the boards, spacehayduke.

The odds are very slim that your NTC coin would grade the same at PCGS based on what I have read here. Regardless of how long the graders spend looking at your coin, they are very good at getting the grade right by their standards. It could very well be graded correctly by NTC using NTC standards, yet fall short of PCGS standards for the same grade. If there is a nick, or any other flaw, it's very likely they will see it. If you do decide to have it graded by PCGS, you'll probably want to remove it from the NTC holder first just to avoid any potential bias.

What you need to consider is whether anything has been done to the coin, i.e. "doctoring" - cleaning, polishing, brushing, tooling, etc. which would cause PCGS to no-grade (bodybag) the coin. Unless you are skilled at recognizing the signs of doctoring you could be misled into thinking that the coin is nicer than it really is.

nwcs

>My personal grade for the coin is a 66 after inspecting dozens of NGC and PCGS graded large cents of that date range (excellent jpeg photos),

BTW, grading by photo is almost the same as grading sight unseen. Nothing beats seeing the real thing. I recommend going to a large show or auction viewing and see them in person. Many subtle things go unnoticed because it is in a picture.

airplanenut

I'll put money on the table now that it won't cross at 67... the odds are so overwhelmingly against it.

That said, if you're not going to sell it, why bother reholder it? I would, however, be more worried about the coin having been played with before--cleaned, for example.

And with regard to grading times--no matter how long someone at NTC tries, they won't be as good as a PCGS grader who takes 5 seconds on a coin. The pros know exactly what to look for, and when they've seen hundreds of thousands of coins, they don't need much time to grade something accurately.

Jeremy

jdimmick

Based on what I have seen graded BY NTC, I would be very surprised if the coin came anywhere even close to the grade its in, much less even holdering. Thats harsh, especially with out seeing the coin, but usually its the case. Photo's would be very tough to grade by, but could possibly give us here a good indication if it has a chance at any decent grade and the RB desigination.

spacehayduke

Thanks for all insights. It does not seem doctored or cleaned, has cartwheel luster (I need to take a pic) with classic copper luster underneath a patina of brown, I will take it to a coin show and have some 'experts' look at it and then decide whether to get PCGS to grade it (or NGC).

cheers, spacehayduke