I need help trying to figure out crossover submissions vs. economy

WaterSport

I have sent coins into PCGS for crossover that I had good money invested and felt the third party graded coins would be at, or no more than one point different. Still keeping my investment protected I requested min grades, But none ever fell below the $300 threshold PCGS requires for $30 crossovers.

Now I am trying to determine which of my last 30 coins in third party holders I should send to PCGS for crossover verses just sending them in for economy grading. The dilemma I have is that in many cases neither what I paid for the coin nor what it will most likely grade out to be is valued over $300. However, the grades assigned to these coins by the third party companies in many cases are valued between $500-$6000.

So will PCGS have a problem with me sending an economy submission on a coin that has a high grade listed (thus value) even though when they get done with the grading, it will be worth less than $300?

As an example: I have a PCI 1931 Lincoln graded MS 67 that I paid $114. I am hoping it will grade at MS 65.That makes it worth about $150, but a MS 67 coin is valued at $6000. But what if it makes MS 66? Now it’s worth $600. So do I send this in for crossover listing a value of $600 or $6000, or forget this mess and just send it economy and let PCGS worry about it? Note that at this point, I am trying to finish a registry set and not looking at resale. Does this make sense at all to anyone?

WS

greymars

Well, I would think it will make no real difference. The graders from what I understand do not see the invoice, nor do they know the value placed on the PCGS invoice. David Hall himself states this in the Q&A Forum

I do not have any PCI graded coins. And from what I have seen on the message boards, you may have to accept up to 2 points lower then what PCI has your coins slabbed as. The value listed on the PCGS invoice is mostly for handling at the office itself, probably towards insurance purposes.

As far as economy submission, you are looking at an average turn-around of about 60-65 days. That may equate to business days, not including holidays, trade shows and such. If you are not in a hurry, that is the way to go. If you have a couple of coins that you need back more rapidly, then send them via 15 day standard service. The last set I sent was on 12/23/04...received inprocess on 12/30/04 (due to Christmas holiday)..15 days from received makes it 1/25/05...and that is 30 calender days...so you can figure how long economy will take?

List the current PCI value as stands...let PCGS worry about any differences...IMHO

Gary

100proof1957

Good question !

Went naught for five on my Econo cross over !

all five were worth more than 300 bucks according to the PCGS price guide and i think 4 of them would have been,even one grade lower.

Form your own opinion from that !

beartracks42

When I send in coins for grading, I put the value as what I paid for them. If you have a coin that is obviously worth a great deal more that the $300 economy max, PCGS will probably balk and your submission will be delayed until the problem is corrected.

I think that you might be better off to consider sending in the coins raw and value them per what you have in them.

Also, economy timing is based on calander days not on business days. Just my 2 cents.

Smittys

I don't know if this has ever happened at PCGS or not, but I had a coin get lost at NGC
after they recieved it but before they graded it. Value of your coins in based on what you
believe it's worth in case of loss. Thank god on the coin lost an 1918/7-D Buffalo I put
a fair value. I've had other shipments that I put lower value to save on cost and I would
have been really upset if they were lost. Saving a buck does have it's risk.
Just my two cents.

Smitty