Is there a situation where an upgraded coin could sell for less?

airplanenut

I was thinking earlier... is there any situation where a coin could sell to a dealer for more prior to it being upgraded? Some possibilities were:

-Really PQ64 to low-end 65
-Really PQ64 to nice 65; now less thought of an upgrade to 66


So, in a world where numbers and crackout artists reign supreme, can you think of a situation where this could happen?

richardshipp

It's the same coin isn't it?

sweetwilliet

Maybe if it was in a collectable holder, like the doily or the other one I can't think of the name right now, oh yeah, regency holder. In that case, you really are buying plastic plus the coin.

airplanenut

<< <i>It's the same coin isn't it? >>

Yes... assume that there's nothing different about the coin. You can change the holder style, though (but not grading company).

StrikeOutXXX

Excluding designation losses with the upgrade (DCAM, CAM, etc), how about going AU55/58 to MS60/61? A grade upgrade, but good chance of less $$?

tradedollarnut

Sure - if he thinks there's a chance it's a two point upgrade! Or if it's upgraded but in the wrong holder for his purposes.

mirabela

Certainly. AU58 to MS61

Edit to add -- it is interesting that you stipulate "to a dealer," as it is fairly rare in the scheme of things that a dealer will buy from a collector at levels that acknowledge the PQ-ishness of a piece. I am not saying it does not happen, and I am aware that a number of the dealers who frequent the boards are the sort who will do this, and also that the relatively sophisticated collector crowd here includes collectors who know how to sell the coin to a dealer and not the grade on the slab. Still, for all that, relative to total numbers of transactions, coins bought "above" their slabbed grades must constitute a pretty small number.

JBatDavidLawrence

The market can also drop dramatically on a series causing an upgraded coin to be worth less than when you bought it...

STONE

Yeh, a PO-1 coin upgrades to an FR-02.

PO-1's right now are big money, but FR-02's will sell for a lot less.

ColonialCoinUnion

<< <i>So, in a world where numbers and crackout artists reign supreme, can you think of a situation where this could happen? >>



I can think of a lot of examples where a choice, original coin is cracked out, 'worked on' and upgraded. And on those, some of us would pay top dollar for the 'before' coin, and nothing for the 'after'. Literally.