Submition question

Jinx86

I have a group of coins Im planning on submitting and not quite sure weather or not to send this in. I purchased a 2006 S PR70UCAM NGC Jeffereson Monticello and was wondering if I would benifit more from the coin being in a PCGS holder.

HighRelief

Any coin would benifit being in a PCGS holder.

StubbyMcNumbthumbs

They won't cross a 70 will they?

Maybe I'm just mistaken.

Steve27

Yes, but it will never cross (take a look at the NGC vice PCGS pops and you'll see why).

ocon4008

The odds are against you; it has to be perfect to cross. Good luck.

fivecents

PCGS does not cross the MS/PR70 grade.

One of the reasons PCGS won't cross MS/PR70 :

PCGS grades the reeded edge as well as the obverse and reverse of a coin when giving the MS/PR70 grade. NGC does not grade the reeded edged when giving the MS/PR70 grade. Even with the new NGC edgeview(prong) holders some of the coins reeded edge is hidden from view. So PCGS has no way of grading the coins reeded edge without the coin being raw or cracked out of it's holder.

lkeigwin

The above is correct.

Just so it's clear, you can submit it with a minimum grade, say 69. PCGS will examine it in the NGC holder and if they're sure it grades at least 69 they'll crack it and grade it. 70 is possible.

Here are some interesting numbers. Price guide and pop reports.

NGC
PR69 - $13.75 (4,025 graded)
PR70 - $40.00 (2,211 graded)

PCGS
PR69 - $27.00 (4,744 graded)
PR70 - $250.00 (250 graded)

If you go from NGC 70 to PCGS 69 you've lost $13. Not a lot. But then there's grading and shipping fees.

You might get very lucky with a PR70 from PCGS but consider the odds.

I'd say don't waste you money. Statistically, 95% of the very best examples end up in PR69 holders.
Lance.

grip

If I had the money to burn I would take the shot for the 250.00 otherwise no.

I also like vegas

Jinx86

Well I did get the coin at what I saw as being a steal at $20. I do like the coin for what NGC sees it as, but theres always that potential for making money off it and positioning the coin for best possible resale if and when the time comes.

Thanks for your advice everyone. I'll have to post the results if I decide to gamble it.