Just got some interesting info from PCGS about crossovers

ajaan

First let me say thanks to Jessica Haisley for her reply. I asked the question on Thursday and got a reply today.

Now for the information. If you are doing a crossover and requesting a minimum grade, that minimum grade can't be higher than the grade on the holder. For example, I have a coin graded EF40 from a TPG (not PCGS). I want PCGS to cross the coin into a PCGS holder only if they will grade it EF45 or higher. Can't do this. The minimum grade would have to be the same as on the holder, in this case EF40. I never this.

SYRACUSIAN

Question: Why would you even ask for a minimum grade higher than the current grade in a crossover submission? Aren't you charged with the fees wether it crosses or not?

spinaker2000

<< <i>Question: Why would you even ask for a minimum grade higher than the current grade in a crossover submission? Aren't you charged with the fees wether it crosses or not? >>



Shroom???

MacCrimmon

<< <i>First let me say thanks to Jessica Haisley for her reply. I asked the question on Thursday and got a reply today.

Now for the information. If you are doing a crossover and requesting a minimum grade, that minimum grade can't be higher than the grade on the holder. For example, I have a coin graded EF40 from a TPG (not PCGS). I want PCGS to cross the coin into a PCGS holder only if they will grade it EF45 or higher. Can't do this. The minimum grade would have to be the same as on the holder, in this case EF40. I never this. >>




Crack it!!!

Doogy

<< <i>

<< <i>First let me say thanks to Jessica Haisley for her reply. I asked the question on Thursday and got a reply today.

Now for the information. If you are doing a crossover and requesting a minimum grade, that minimum grade can't be higher than the grade on the holder. For example, I have a coin graded EF40 from a TPG (not PCGS). I want PCGS to cross the coin into a PCGS holder only if they will grade it EF45 or higher. Can't do this. The minimum grade would have to be the same as on the holder, in this case EF40. I never this. >>




Crack it!!! >>




Bingo! avoid the bias by cracking it out

ajaan

OK, here's the rest of the story. The names are changed to protect the innocent

I have a valuable Canadian coin in an ICCS holder. The coin is graded VF30. I think it is nicer than that, perhaps EF40. The value difference between an VF30 and EF40 is $3500. Resubmitting it to ICCS is out of the question for several reasons I won't go into here.

I THINK it will grade EF40 at PCGS but as we all know, this is not guaranteed. If I try for the crossgrade at PCGS I can only put a minimum grade of VF30. If PCGS thinks it is only an VF30, PCGS will slab it asVF30. The reality of the market is, the coin is more valuable in an ICCS holder than a PCGS VF30 slab. That's the truth in the Canadian coin market. If the coin sits in a PCGS EF30 slab, I lose.

What I wanted is to put a minimum crossover grade of EF40. PCGS will not allow this.

MacCrimmon

<< <i>OK, here's the rest of the story. The names are changed to protect the innocent

I have a valuable Canadian coin in an ICCS holder. The coin is graded VF30. I think it is nicer than that, perhaps EF40. The value difference between an VF30 and EF40 is $3500. Resubmitting it to ICCS is out of the question for several reasons I won't go into here.

I THINK it will grade EF40 at PCGS but as we all know, this is not guaranteed. If I try for the crossgrade at PCGS I can only put a minimum grade of VF30. If PCGS thinks it is only an VF30, PCGS will slab it asVF30. The reality of the market is, the coin is more valuable in an ICCS holder than a PCGS VF30 slab. That's the truth in the Canadian coin market. If the coin sits in a PCGS EF30 slab, I lose.

What I wanted is to put a minimum crossover grade of AU50. PCGS will not allow this. >>




He who has cajones, eats steak, not baloney.

ajaan

oops, that's EF40 not AU50 in my last line.

ajaan

Is there a way I can send it to PCGS and keep it in the ICCS VF30 holder if PCGS won't grade it EF40?

bosox

Funny thing. As I sat through the large cent portion of the TOREX auction on Saturday, for the first time I saw Canadian dealers paying up to twice Trends for a couple of nice PCGS 64 Red cents. They are banking on getting them into ICCS 65 Red holders. Yet if you ask Canadian collectors which firm grades more strictly most will answer ICCS. This collector thinks PCGS has been considerably more conservative, especially on bronze, for the past two years at least.

TwoKopeiki

<< <i>Is there a way I can send it to PCGS and keep it in the ICCS VF30 holder if PCGS won't grade it EF40? >>



I can't think of any, Don. Unless you make special arrangements, that is. If I was faced with this problem, I would cut it out of the ICCS flip and send it in raw. If it comes back under XF40, I would then crack it out and submit it back to ICCS.

StrikeOutXXX

Not that you want an extra step in there, but is it the same with NGC, ICG, & ANACS? If they let you min-xover it to a 40 and it does go 40, then you could cross it to PCGS at 40? Just a wild hair brain thought.

bosox

Don - I agree with what Roman said. - Rob

SYRACUSIAN

Strikeout, I think that it's not worth doing it for any other company other than PCGS in Canadian coins (besides ICCS), especially the expensive ones.



I agree with Roman in the second part of his proposal,but there's no need to cut it out of the ICCS flip now.You can always crack it out of an eventual PCGS VF30 and send it back in raw, to ICCS or PCGS again. For a coin of this value, I'd choose PCGS the second time, as ICCS*, unlike PCGS, has a rep of being very consistent and the coin will likely come back VF30 again.


*as a one man operation, he'll probably recognize the coin...

Rickc300

>>--- * ---<<

Information filed for a later date and time when I may need it... Thanks for the info!

And, here I thought the stuff I knew a little something about was a little unsettling at times...

Rick