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Resubmission

z2collectionz2collection Posts: 25
in U.S. Coin Forum

I am going to resubmit some coins that were graded my NGC as 69's. Should I break them out of the plastic and resubmit as if they were never submitted or leave them in and ask for a re-grade taking the chance that they are biased because of the information and first grade?

Comments

  • DeadhorseDeadhorse Posts: 3,720 ✭
    PCGS won't cross those over or consider an upgrade as long as they are slabbed.

    If NGC says 69, you're not going to do any better in PCGS plastic and you may do worse.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • z2collectionz2collection Posts: 25
    No, I mean resumbit to NGC.
  • BAJJERFANBAJJERFAN Posts: 31,119 ✭✭✭✭✭
    krakkum, wut incentive is there for NGC to give a 70 to a coin thats already a NGC 69, esp since NGC has given a chitload a 70s already?
    theknowitalltroll;
  • OneCentOneCent Posts: 3,561 ✭


    << <i>krakkum, wut incentive is there for NGC to give a 70 to a coin thats already a NGC 69, esp since NGC has given a chitload a 70s already? >>



    krakkum...that's funny. Very funny..imageimageimageimageimage

    image
    imageimage
    Collector of Early 20th Century U.S. Coinage.
    ANA Member R-3147111
  • z2collectionz2collection Posts: 25
    Yes, but do they know its a 69 when you send it in for regrading? I don't really see the point in accepting a 69 for ANY modern coins! Its worth more in its original holder! I think the grading process is very arbritrary and the quality of the strikes in the last two years results in many more 70's now.
  • z2collectionz2collection Posts: 25
    I can't find any detectable flaws in the 69 graded coins from the 70's! I have contemplated asking for the reason why the coin didn't make a 70. But, I know the reason- I had too many 70's so forget it- we will give you some 69's! I want to hear some more seasoned opinions of this great hypothesis of mine!
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>I can't find any detectable flaws in the 69 graded coins from the 70's! I have contemplated asking for the reason why the coin didn't make a 70. But, I know the reason- I had too many 70's so forget it- we will give you some 69's! I want to hear some more seasoned opinions of this great hypothesis of mine! >>



    I may regret getting into this, but I think you're full of it.

    I can tell the difference between 69 and 70 on modern bullions coins. Side by side, there is almost always an obvious reason. It may just be the sharpness of the strike on the pleats of the gowns. It's there, there is a difference.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • z2collectionz2collection Posts: 25

    OK, I will accept your challenge- if you can do it by photo- I will post some pictures of 69's and 70's for the first spouse coins and some silver eagles- I will keep a few numbers of the serial # there and if you can acutally get a reliable rating (80% or higher than I will give you a 2007 SAE PR69, 100% a PR70. Doubt you can do it.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>OK, I will accept your challenge- if you can do it by photo- I will post some pictures of 69's and 70's for the first spouse coins and some silver eagles- I will keep a few numbers of the serial # there and if you can acutally get a reliable rating (80% or higher than I will give you a 2007 SAE PR69, 100% a PR70. Doubt you can do it. >>



    Save you coin and your time. I know I can do it and have for years. I'm hardly the only one around here who can.

    Pictures aren't going to cut it, need the coin in hand to really nail it.

    Edit: I wasn't challenging you. Just trying to save you some time and money. I said I might regret this.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • z2collectionz2collection Posts: 25

    Deadhorse,

    We will see if you are right. I plan to resubmit- I'll let you know how it turns out. But, I have a strong suspicion that you will have an excuse when I get back ample 70's.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Deadhorse,

    We will see if you are right. I plan to resubmit- I'll let you know how it turns out. But, I have a strong suspicion that you will have an excuse when I get back ample 70's. >>



    No, I won't. I just don't buy that because you had a batch of 70s already that the graders were downgrading your others to 69.

    The graders look at one coin at a time and they don't know what belongs to who.

    Standards for a 70 with NGC are quite a bit different than they are with PCGS.

    I rarely submit to NGC, but one of the last times I did, I went 9 of 10 for 70s on ASEs and AGEs, five of each. Upon further inspection, I realized I had sent in the wrong coin on that 69. I submitted the correct one as a single and it made 70 as well.

    With PCGS, I'd guess I might have made 3 or 4 of the 10 and I also wouldn't have submitted any more than the top 5 of them.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • 7Jaguars7Jaguars Posts: 7,534 ✭✭✭✭✭
    Well, it is late here and I am bored. Look, at least an NGC 69 has a better chance of holding its own at 69 or have a miniscule chance of making 70 than would a 70 at holding its own (at 70).

    As a slight variant on what has already been sent - I think I can pick out why a coin "69s" but not always why a coin hits 70 since even on 70s there may be some issues.

    NGC 69s are occasionally overgraded at that - particularly SAEs, but you don't have to believe that if you don't want to as money and time will teach lessons of their own.

    I say good luck if you want to try upgrading, but don't go in expecting a lot...
    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • z2collectionz2collection Posts: 25
    What is the big difference between NGC and PCGS for 70's?
  • TorinoCobra71TorinoCobra71 Posts: 8,054 ✭✭✭


    << <i>What is the big difference between NGC and PCGS for 70's? >>



    Night and Day....

    NGC gives out 70s like candy.

    TC71

    image
  • rbalderman1rbalderman1 Posts: 634
    Their is a tremendous difference in 70's between PCGS and NGC, look at the first spouse series alone. You have NGC 70's at about a 60% clip and you have PCGS 70's at about 17%. A tremendous difference in the 2.
    my EBAY items
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  • TreemanTreeman Posts: 418 ✭✭✭
    I read the posts here a lot, much good information... I never post, but all this "PCGS" vs "NGC" stuff really gets me. I've only been a collector for 30 some years, but I have to admit that this "69" and "70" modern stuff is 90% BS! My main interest is the Large Cent series, and I have seen MANY AU coins holdered as MS63 in both sevices. As for moderns, I do have a modest set of Proof Kennedy's on the NGC Registry (because I like the fact that they allow NGC or PCGS coins). I have seen (and I KNOW many of you have seen) 69's that were nicer than 70's! I have seen them side by side. I've seen then through a 10x loupe. Absolutely no doubt that the 69 was the nicer coin! This has been with BOTH services, numerous times. My honest opinion is that both services are good at what they do, but they both make mistakes at times. PCGS coins (at least the moderns) do bring more money. However, as a collector, I'd rather get the SAME coin, in the SAME grade, for less money. As far as the "69", "70" thing, I admit to buying 70's when I can get them at a decent price, but I also admit doing it for Registry points, not because I can see much difference between almost any 69 or 70. Actually, I still have trouble believing that a "70" coin exists in any series......

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