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Crossover grading for FDOI
NewJerseyDevil
Posts: 8
How would FDOI be treated if i sent it to be cross graded by PCGS and it crossed; ie, PR70 to PR70 or MS70 to MS70?
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<< <i>I believe that the official PCGS policy is MS70 and PR70 coins are not eligible for crossover grading submission, because only coins that can be handled out of the holder are eligible for those grades. >>
Also
Crossover: Use the "Crossover" service for coins previously graded by another grading service. Submit the coins in the holder to PCGS. We will grade the coins and put them in a PCGS holder only if the PCGS grade meets or exceeds the other grading company's grade (unless specifically instructed differently by you). You cannot specify a higher minimum grade. If the PCGS grade is lower than the other grading company's grade, we will return the coin to you in the original holder. MS/PR 70 coins must have a minimum grade of 69 or lower.
Crossover: Use the "Crossover" service for coins previously graded by another grading service. Submit the coins in the holder to PCGS. We will grade the coins and put them in a PCGS holder only if the PCGS grade meets or exceeds the other grading company's grade (unless specifically instructed differently by you). You cannot specify a higher minimum grade. If the PCGS grade is lower than the other grading company's grade, we will return the coin to you in the original holder. MS/PR 70 coins must have a minimum grade of 69 or lower.
And yes, that is correct. PCGS must crack it out, though, and if it isn't a 70 it will come back something lower.
Point is, you can't send in a 70 for crossing-at-grade. You must be willing to accept a lower one. That risk can be big or small, depending on the swing in value between the grades.
Lance.