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My best crackout ever....what's yours??
Goldbully
Posts: 16,866 ✭✭✭✭✭
I bought this 1913-S Saint Gaudens Double Eagle a few years ago on eBay for $1200.
It was slabbed in an NTC holder...BIG mistake, right?(Edited to add: Was NTC MS61)
Well, a few weeks later I decided to crack it out and send it into PCGS for grading.
I'll never forget it, as I was very nervous about the whole ordeal.
I made a promise that I would never buy a non-PCGS/NGC slabbed coin on eBay again, especially gold!!!
Submission result: PCGS MS62
She's got a couple spots, but she's staying with me!!!
It was slabbed in an NTC holder...BIG mistake, right?(Edited to add: Was NTC MS61)
Well, a few weeks later I decided to crack it out and send it into PCGS for grading.
I'll never forget it, as I was very nervous about the whole ordeal.
I made a promise that I would never buy a non-PCGS/NGC slabbed coin on eBay again, especially gold!!!
Submission result: PCGS MS62
She's got a couple spots, but she's staying with me!!!
0
Comments
Shoot, that would look good in G4...
Well I have never cracked a coin out of its slab, or even got a coin graded for that matter. I have bought all mine pre graded, and I am happy with every single purchase and I am very glad to hear you were glad with this purchase and crackout of yours! Well done
(Might I ask, what was NTC's grade of this coin)
My Odds&Ends eBay Stuff to fuel my coin habit (No Coins)
<< <i>WOW! That is a nice one...
Shoot, that would look good in G4...
Well I have never cracked a coin out of its slab, or even got a coin graded for that matter. I have bought all mine pre graded, and I am happy with every single purchase and I am very glad to hear you were glad with this purchase and crackout of yours! Well done
(Might I ask, what was NTC's grade of this coin) >>
That's the best part....thanks for reminding me.
It was an NTC MS61
<< <i>
<< <i>WOW! That is a nice one...
Shoot, that would look good in G4...
Well I have never cracked a coin out of its slab, or even got a coin graded for that matter. I have bought all mine pre graded, and I am happy with every single purchase and I am very glad to hear you were glad with this purchase and crackout of yours! Well done
(Might I ask, what was NTC's grade of this coin) >>
That's the best part....thanks for reminding me.
It was an NTC MS61 >>
WOW! An upgrade from NTC... I'm surprised they were a little harsh on your coin..
Most slabbed stuff that is not a reputable TPG, is all MS-WAY TO MUCH!!!
Although I've heard of NTC, I don't think they are good enough to buy from, if you really don't know your series all that well, and shoot you got an upgrade! Ya' know your series!
CONGRATS
saw an Isabella quarter in a PCGS 64 slab. It looked to have been dipped, but it was pure satin and
unmarked. I looked at it for quite a while trying to figure out why it was only a 64 and then bought it for
about $900. Subsequently, I showed it to David Hall at a "Meet the Expert" and he commented "that
has a great look". So, I cracked it and sent it to NGC and it came back 65, which is where I felt the
coin belonged. I sold it for an easy double.
...and it came to pass.
My best crackout was also a double eagle; in this case, a 1904 Liberty. Cracked it out of an old PCI green label MS62 holder, in which I had bought it for an absurdly nice price (near melt, at about EF money- $400 and something at the time). Sent it off to PCGS. Came back PCGS MS64. Cha-ching. Worth about $1,250 in that grade at the time. It was rather generic quality for a 64, but I still got nice money for it.
The wife was not impressed....
Camelot
<< <i>That's the best part....thanks for reminding me.
It was an NTC MS61 >>
Looks like you bought the coin and not the (NTC) slab and you were rewarded for your eye. Bully to you...Goldbully!
Lane
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Ed. S.
(EJS)
Highest percentage jump: 1929-S Lincoln from old holder MS65RD to MS66RD
Highest dollar jump: 1827 Original quarter from old holder NGC PF64 to PR65
1936 1c Brilliant Proof went from PR60 cleaned to PR63RB
1938-D 50c went from MS61 "nicked rim" to MS63.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
I had originally bought that raw at auction figuring it was 64+. And NGC did grade it MS64. But I felt like it had a fair chance to go 65 so I sent it to PCGS and got the crushing grade of MS63. At the time I was a bit tight for cash and was looking to dump the coin for mid 63 to 64 but could find no takers (this was 1988 or so). So I was forced to crack it out and resubmit back to NGC just to hope to break even.......
ka ching......MS65. Pop 1 between both services.
Sold the coin over the phone sight-unseen to the first major dealer I called for $15,000 (2-1/2 times what I paid). This was probably my bellweather coin that demonstrated that even though the grading problem had been "solved," there were sometimes up to 2 MS points of difference on the same coin between services. Hence a 1 pt variability was well within the norm. OK, so maybe the grading problem wasn't fully solved yet.
roadrunner
Orignally in a NTC MS64 holder.
Cracked it out and now it's a PCGS MS63 attributed.
It isnt an upgrade but close enough that I was happy.
You wouldn't believe how long it took to get him to sit still for this.
1919-D Buffalo nickel in PCGS 64, cracked out and held for about 6 years. Resubmit comes back PCGS 65 (date of occurance 1993-1999)
1928-D SLQ PCGS 65, cracked out and held for about 6 years. Resubmit comes back PCGS 65FH (!) (date of occurance 1993-1999)
I do now regret selling either coin but the Buffalo more.
jom
<< <i>She's got a couple spots, but she's staying with me!!!
>>
They say that diamonds are a girls best friend BUT............................
Nothing says I love you more than gold
Beautiful
I have to start collecting US gold
.
CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
Gary
Post your best crackout!!!!!!!!
My first time I viewed it, I knew that it was at least one, if not two grades better. It was an immediate realization.
Funny thing is, the previous collector had it for about 3 years, then sold to a dealer who had it for about 4 months and who knows how many other potential buyers viewed it at the dealers (before me) and everyone did not realize that this coin was such a shoe-in for an upgrade.
Don't these people look at their coins and know how to grade????
I'm beginning to think they don't and just blindly trust the grade given on the cert.
Price jumped from $1400 (purchase price) to one grade higher at $2800 to one grade higher $10,000 (finest known).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
The coin was blatantly PQ and deserved the 61.
Cracked it out and sent to NGC; came back MS63. Sold it to a dealer at first show for $12,500.
Went on Morgan shopping spree.
Ron
Went from RB to BN but still did ok. Sold it before the big run up though.
Those submissions were a real eye opener.
Knowledge is the enemy of fear