Part II of first submission-crossovers-Results In
ModernCrapNut
Posts: 2,086 ✭
Not nearly as good as I had hoped. None of the PCI graded coins crossed but the 2 NCG did. I may have to crack out the others and try again.
1 1 12002853 5055 1944-S 10C US Damage
2 1 12002854 5825 1944-D 25C US MS66
3 1 12002855 5826 1944-S 25C US MS65
4 1 12002856 6622 1944-D 50C US Artificial Color
5 1 12002857 6621 1944 50C US DNC
1 1 12002853 5055 1944-S 10C US Damage
2 1 12002854 5825 1944-D 25C US MS66
3 1 12002855 5826 1944-S 25C US MS65
4 1 12002856 6622 1944-D 50C US Artificial Color
5 1 12002857 6621 1944 50C US DNC
0
Comments
<< <i>I may have to crack out the others and try again. >>
That's one way to look at it. Another way to look at it might be that you have sunk enough money into those coins already.
In honor of the memory of Cpl. Michael E. Thompson
If it were my company and employees didn't do it the way I wanted, they wouldn't have a *%$^#@ JOB.
Edit to say:
I think a coin stands on it's own merit, not the previous handler's.
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<< <i>I may have to crack out the others and try again. >>
That's one way to look at it. Another way to look at it might be that you have sunk enough money into those coins already. >>
but the TPGs love guys like this.
<< <i>To crack a coin out is to say that graders are unfairly discriminating against plastic and I have a difficult time believing this. Call me what you will.
If it were my company and employees didn't do it the way I wanted, they wouldn't have a *%$^#@ JOB.
Edit to say:
I think a coin stands on it's own merit, not the previous handler's. >>
It's not necessarily a bias against the current plastic, it could also be that the plastic prevents the graders from getting a clear look at the surfaces or the edge. If there is any question about whether the coin will grade, PCGS will err on the side of caution and leave it in the original holder.
I had a 1909 Lincoln in a SEGS holder fail to grade on a crossover (with no minimum grade) due to "questionable color". It had a typical (for the year) woodgrain planchet, and I'm sure the graders couldn't tell if the dark streaks were on the planchet or in the planchet while it was still in the SEGS holder. I cracked it and resubmitted raw, and it graded with no problems the first time in.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>
<< <i>To crack a coin out is to say that graders are unfairly discriminating against plastic and I have a difficult time believing this. Call me what you will.
If it were my company and employees didn't do it the way I wanted, they wouldn't have a *%$^#@ JOB.
Edit to say:
I think a coin stands on it's own merit, not the previous handler's. >>
It's not necessarily a bias against the current plastic, it could also be that the plastic prevents the graders from getting a clear look at the surfaces or the edge. If there is any question about whether the coin will grade, PCGS will err on the side of caution and leave it in the original holder.
I had a 1909 Lincoln in a SEGS holder fail to grade on a crossover (with no minimum grade) due to "questionable color". It had a typical (for the year) woodgrain planchet, and I'm sure the graders couldn't tell if the dark streaks were on the planchet or in the planchet while it was still in the SEGS holder. I cracked it and resubmitted raw, and it graded with no problems the first time in.
Sean Reynolds >>
I also think it is a large amount of bias too. If you tout yourself as being the "best" and "industry standard" (as PCGS does with US coins, and NGC does with world coins), how can you justify crossing a large percentage over, only to have those results appear on these (and other) message boards time after time. After a while, the perception of superiority starts to dimenish when this happens. I cross all of my better world stuff from PCGS to NGC, and find i have a far better success rate when cracking out first. The same has happened with US coins, and others have reported this too.
<< <i>Buying replacements already graded by PCGS is an option to consider. I was trying to get my birth year mint set into matching slabs. I'll probably still break out the Merc. if I do replace the Walkers. I want to see where it's damaged since I felt it was a really nice looking coin. >>
Now this actually makes sense on why you would pay extra for the grading fees.
Good luck I did something similar with my birth year set. (i.e. all the same plastic)
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<< <i>
<< <i>To crack a coin out is to say that graders are unfairly discriminating against plastic and I have a difficult time believing this. Call me what you will.
If it were my company and employees didn't do it the way I wanted, they wouldn't have a *%$^#@ JOB.
Edit to say:
I think a coin stands on it's own merit, not the previous handler's. >>
It's not necessarily a bias against the current plastic, it could also be that the plastic prevents the graders from getting a clear look at the surfaces or the edge. If there is any question about whether the coin will grade, PCGS will err on the side of caution and leave it in the original holder.
I had a 1909 Lincoln in a SEGS holder fail to grade on a crossover (with no minimum grade) due to "questionable color". It had a typical (for the year) woodgrain planchet, and I'm sure the graders couldn't tell if the dark streaks were on the planchet or in the planchet while it was still in the SEGS holder. I cracked it and resubmitted raw, and it graded with no problems the first time in.
Sean Reynolds >>
I also think it is a large amount of bias too. If you tout yourself as being the "best" and "industry standard" (as PCGS does with US coins, and NGC does with world coins), how can you justify crossing a large percentage over, only to have those results appear on these (and other) message boards time after time. After a while, the perception of superiority starts to dimenish when this happens. I cross all of my better world stuff from PCGS to NGC, and find i have a far better success rate when cracking out first. The same has happened with US coins, and others have reported this too. >>
Simply put, as David Hall has said, if PCGS is touting themselves as the "best" and "industry standard", as you are saying, then they would WANT to cross over appropriately graded coins so that they are in PCGS plastic. Why would they want to let APPROPRIATELY GRADED coins stay in competitors' plastics if they are being sent in for crossover?
It is just as bad to undergrade, all the time, as it is to overgrade (maybe even worse), so I don't think PCGS has ever said that some other grading company doesn't have accurately, or undergraded, coins. What you want is to consistently have the most accurately graded coins.
Too much conspiracy theory going on
I subscribe to the "if it is cracked out, it has a better chance since the graders will feel more comfortable that they are seeing the whole coin, and without the issues of being in plastic" (ie...raw) set. That said, I have sent in 4 for crossovers, left in plastic, and gotten 4 successful crossovers. I picked my coins (toned copper) carefully to do it. I didn't crack though, just in case the grader might not agree and BB the coin.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>those coins do not appear financially worth the grading fees. >>
Accept he stated personal reasons to have them all in one type of slab. Birth year set. Kinda like spending money on a movie as long as you enjoy the end result you will be happy.
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<< <i>I may have to crack out the others and try again. >>
That's one way to look at it. Another way to look at it might be that you have sunk enough money into those coins already. >>
but the 50th crackout is a charm
Go BIG or GO HOME. ©Bill
<< <i>I cannot believe how much money people sink into grading/regrading.... I believe it may occasionally be worth the price increase of one grade, however, one might always question whether the first grade was not the correct one and the second inflated. I know, flippers don't care. Cheers, RickO >>
I think its all a question of marketability if thats spelled correctly!
A PCGS coin will gain substantially more than coins in other slabs including raw coins. Thats just the way it is for whatever reasons.
Authenticity of PCGS vs NGC vs ANACS is not in question however other TPGs there seems to be some questionability. PCI can hit the grade in some of their stuff but not all of their stuff.
For the OP to want his coins in PCGS plastic is his choise. Obviously financial considerations are not important. However, should he decide to sell in the future, he would have a better chance of gain at least some of his investment back. Having matching slabs is well, just the way some of us like it! Funny lot that we are!
The name is LEE!
I would have to say you're in denial.
"I believe it may occasionally be worth the price increase of one grade, however, one might always question whether the first grade was not the correct one and the second inflated."
I sent in a MS coin, that was originally labeled AU by PCGS; they graded it properly the second time.
<< <i>
<< <i>I cannot believe how much money people sink into grading/regrading.... I believe it may occasionally be worth the price increase of one grade, however, one might always question whether the first grade was not the correct one and the second inflated. I know, flippers don't care. Cheers, RickO >>
I think its all a question of marketability if thats spelled correctly!
A PCGS coin will gain substantially more than coins in other slabs including raw coins. Thats just the way it is for whatever reasons.
Authenticity of PCGS vs NGC vs ANACS is not in question however other TPGs there seems to be some questionability. PCI can hit the grade in some of their stuff but not all of their stuff.
For the OP to want his coins in PCGS plastic is his choise. Obviously financial considerations are not important. However, should he decide to sell in the future, he would have a better chance of gain at least some of his investment back. Having matching slabs is well, just the way some of us like it! Funny lot that we are! >>
You say "coins" but are merely speaking of US coins. You have to remember that PCGS gets it's lunch handed to it with every other country BUT the US/Canada/US-Phil. with terms of market acceptance. World coins (every other country's coins but the US/Canada/US-Phil.) are mostly graded by NGC, and most of these auction feature 90% and up NGC coins (just look at the Goldberg Millenia auction coming up that will bring in many millions; all of the coins are NGC graded). I have crossed all of my world PCGS coins (except one, which will go soon) over to NGC, including the high end pedigrees like my Eliasbergs. We are only one collecting country here in the US, and we often forgot that SOOO many other countries collect coins and have them slabbed. For instance, we often hear of our major coin shows drawing a total of 100,000 or so people over the course of the multi-day event. Coin shows in China bring far more than that in a single day! My point is simply to illustrate that PCGS is not the only market leader in grading coins, but some like to think of them that way.
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1 1 12002853 5055 1944-S 10C US Damage
2 1 12002854 5825 1944-D 25C US MS66
3 1 12002855 5826 1944-S 25C US MS65
4 1 12002856 6622 1944-D 50C US Artificial Color
5 1 12002857 6621 1944 50C US DNC
>>
I'm fairly certain that the coins referred to in the original post are US Coins and not world coins therefore I stand behind my statement.
<< <i>A PCGS coin will gain substantially more than coins in other slabs including raw coins. >>
The name is LEE!
<< <i>
<< <i>
1 1 12002853 5055 1944-S 10C US Damage
2 1 12002854 5825 1944-D 25C US MS66
3 1 12002855 5826 1944-S 25C US MS65
4 1 12002856 6622 1944-D 50C US Artificial Color
5 1 12002857 6621 1944 50C US DNC
>>
I'm fairly certain that the coins referred to in the original post are US Coins and not world coins therefore I stand behind my statement.
<< <i>A PCGS coin will gain substantially more than coins in other slabs including raw coins. >>
>>
If you look back, you were responding to Rick's post about grading and re-grading, and the money involved. The OP said he wasn't interested in resale, just in making a birthyear set. Rick stated that flipper's don't care about spending the money, presumably they are after a profit. YOU RESPONDED TO RICK'S POST BY USING THE 'QUOTE' BUTTON.
You responded to his post that didn't have too much to do with the OP's post to begin with, and painted PCGS coins and the coin market with a broad brush; as such, I was simply responding to you and Rick's posts with market reality.