OGHs and resubmission
renomedphys
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So, there's this coin that I've fallen in love with all over again, and it's in an OGH. I'm working on a list of coins for resubmission, and am seriously thinking about including it. The up-side, IMHO, would be likely a perceived doubling in value if it makes 67, which I think it should. Add to that, the increased value of the Secure Plus holder, and the much needed true-view, which should more accurately capture the look.
So... what would you do? Here's the coin, and a few words about it:
This coin is just really amazing! I acquired it from Legend in 2008 for the paltry sum of $2200, but I would have paid four times that. There are some features of this coin that in my opinion, place it firmly in the top five MPLs I have ever seen. In fact, it would be quite a daunting task for me to even come up with a single MPL that I would rank more highly. Here's why: Starting with the obverse, there is just something that this coin does when being examined that is so pleasurable to the eyes, it's hard to describe. First off, it just has the most immaculate satiny texture. There are no spots or marks, and no sudden breaks in the toning, just gradual changes from purple to green to pale lime green and pink. It's like all the little granules are multicolored. When you turn the coin, you actually watch the colors change from purple to green so vividly. It brings a tear to your eye to appreciate it. And the reverse! Again, this coin has something that I have never seen on another MPL (although I am sure there must be others). The green overlay on the purple just floats there like the colors of a peacok feather, OFF THE SURFACE, like a rippling orange peel texture, shiny, highly reflective to light unlike the surface of any other matte. It's just totally unreal.
So... what would you do? Here's the coin, and a few words about it:
This coin is just really amazing! I acquired it from Legend in 2008 for the paltry sum of $2200, but I would have paid four times that. There are some features of this coin that in my opinion, place it firmly in the top five MPLs I have ever seen. In fact, it would be quite a daunting task for me to even come up with a single MPL that I would rank more highly. Here's why: Starting with the obverse, there is just something that this coin does when being examined that is so pleasurable to the eyes, it's hard to describe. First off, it just has the most immaculate satiny texture. There are no spots or marks, and no sudden breaks in the toning, just gradual changes from purple to green to pale lime green and pink. It's like all the little granules are multicolored. When you turn the coin, you actually watch the colors change from purple to green so vividly. It brings a tear to your eye to appreciate it. And the reverse! Again, this coin has something that I have never seen on another MPL (although I am sure there must be others). The green overlay on the purple just floats there like the colors of a peacok feather, OFF THE SURFACE, like a rippling orange peel texture, shiny, highly reflective to light unlike the surface of any other matte. It's just totally unreal.
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Comments
For the time being, if it were mine, I would go cac it and leave it in the current holder. Being an OGH gives some value just in knowing it hasn't "gone bad" after slabbing....it's been there for awhile.
For the picture, sure, Trueviews are nice, but if you send it to any of a few of our top photogs on this forum, you will get great shots of the coin (yours is not bad as it is) as well...and some of them will put it into a format similar to trueview if you ask/need.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
If you want reassurance, send it to CAC. If seriously undergraded, it could get a gold bean, which would be far more impressive than a higher grade in a new holder.
Not sure the OGH adds that much value. For some collectors it does give some peace of mind that the coin has been stable for quite awhile, but nice looking MPLs still sell for big premiums in blue holders and in Secure Plus holders. Regrading also gives you a chance at a 66+ if they don't quite think it's 67. Also, just saw on the PCGS homepage that if you now get a FREE high quality photo attached to the cert no. of all Secure Plus submissions.
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Best of luck on an absolutely gorgeous MPL. Congrats.
Jim
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If you buy a coin from an expert grader like Laura, chances are she's thought long and hard about the chances for success in cracking the coin out.
I'd leave the coin exactly where it is. If you go to sell it, selling it back to Legend or going through a Heritage auction will get the appropriate price for a coin that nice.
I am not sure it is in the top 5 I have ever seen, much less the finest, as you say. I can think of a certain VDB MPL that is rather spectacular. So many MPL's are delicious.
Is that carbon Tom is pointing out? It appears to have crept onto a few of the denomination letters too. I wonder if that might hold it back?
I would keep it in the OGH. A trip to JA is a good idea. It would be great to have a gold bean but I am guessing it will be green. Still, I hope it goes in your favor!
Lance.
I'd leave it in the old holder, which seems to command a premium in the marketplace anyway.
As others pointed out, it (OGH) lets buyers know the coin has been slabbed for some time already and nothing "funny" has happened to it.
Plus I think the coin is accurately graded now (presumably 66).
CAC would, in all likelihood, give you a green bean, as the coin does have great eye appeal.
<< <i>If it were mine, I'd leave it in the OGH. Coins in an OGH are stable, which is especially important with copper. OGHs also have a cachet of their own. Nice coins in OGHs often bring a significant premium above the certified grade.
If you want reassurance, send it to CAC. If seriously undergraded, it could get a gold bean, which would be far more impressive than a higher grade in a new holder. >>
Well said, I fully agree !
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<< <i>If it were mine, I'd leave it in the OGH. Coins in an OGH are stable, which is especially important with copper. OGHs also have a cachet of their own. Nice coins in OGHs often bring a significant premium above the certified grade.
If you want reassurance, send it to CAC. If seriously undergraded, it could get a gold bean, which would be far more impressive than a higher grade in a new holder. >>
Well said, I fully agree ! >>
Also agree. Keep it in the OGH.
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<< <i>I thought that there were currently no small cents graded 67BN of any kind. I thought I read that somewhere but could be mistaken. >>
There are 5 MPL's currently PR67BN. One 1910, one 1914, two 1915's and one 1916.
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<< <i>If it were mine, I'd leave it in the OGH. Coins in an OGH are stable, which is especially important with copper. OGHs also have a cachet of their own. Nice coins in OGHs often bring a significant premium above the certified grade. >>
Agreed!
Keep it in the OGH and get a bean.
that coin should stand on its own regardless of the holder.
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<< <i> but knowing your posts, you might just peel that sticker off! >>
Oh, yes, I have already peeled the sticker off. CAC means nothing to me when it comes to copper. Nothing! NOTHING I TELL YOU!!! Ahem.
<< <i>You believe it would go PR67 with what appears to be significant carbon in the right reverse field between the denomination and the wheat stalks? >>
No carbon there. Just a break in the luster. If that break wasn't there, It would be a lock upgrade.
I guess the only reason to get it in to PCGS would be to have Phil photograph it, and the ever so slight chance for an upgrade. With so few MPLs above the 66 threshold in BN (I made 2 66+BNs, a 1912 and a 1914) I think it would have more to do with what the grader had for lunch than how well the coin presents. From what I can tell, if there is no compelling reason for a higher grade, the graders will leave well enough alone when it comes to BN coins.
edited to add: I believe that the compelling reason to keep copper in an OGH is to ensure color originality, and that that applies to mostly RED coins.
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<< <i>
<< <i>If it were mine, I'd leave it in the OGH. Coins in an OGH are stable, which is especially important with copper. OGHs also have a cachet of their own. Nice coins in OGHs often bring a significant premium above the certified grade.
If you want reassurance, send it to CAC. If seriously undergraded, it could get a gold bean, which would be far more impressive than a higher grade in a new holder. >>
Well said, I fully agree ! >>
Also agree. Keep it in the OGH. >>
Yep! this is the way I would go if it were mine. There look to be a couple very minor reverse dark spots which bother me a lot less in an OGH.
Tom
Lafayette Grading Set
So would I resubmit? Yes but only if I compared it in hand with a 67 and felt this one is nicer. Otherwise I'd keep it in the OGH, a holder I personally like.
I wouldn't have it regraded (or TrueView'd) personally, but that's partly because I have a
special fondness for old green holders.
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Eric
One might argue most of the unstable or problematic coins in OGH's have been cracked out for resubmission or raw sales by now. On the other hand, it could be argued that perhaps some coins remain in OGH's because the grade is already maxed out. In this scenario, is probably makes sense to leave this MPL where it is; maybe add a bean. I would die if I sent something like that out to a TPG and it came back with a fingerprint or some other problem arose from messing with it. I think it is "good enough" as is for owner, and the right buyer if/when that time comes along. I hope it stays where it is.
Eric
<< <i>CAC it and should it get the coveted gold bean, then maybe for value's sake reholder it. >>
You have got it backwards my friend! If it got a gold bean that would be further incentive NOT to reholder it. There is a significant probability that the coin would not upgrade, despite CAC's opinion, and you would loose the bean and the OGH.