Kudos to PCGS on failed crosses

lkeigwin

Maybe I'm mistaken. But I don't remember PCGS sending along an explanation for why a cross failed. Just "DNC".

A forum friend told me this week that his NGC coin didn't cross due to "questionable color". The slab was returned with a stickered flip that said just that. Cert# assigned and all.

Yesterday I was bummed to learn PCGS wouldn't cross an old small ANACS proof-like CBH I submitted. It too got a stickered flip ("cleaned").

Maybe I haven't had enough failed crosses to remember right. Is this new, or has PCGS always explained failed crosses? And if the failure was a problem with the other TPG's lofty grade is that too explained nowadays?

Regardless, I am very happy to see PCGS's opinion in writing. The news is bad enough, along with the wasted money on grading. A written explanation is the least they can do.

Kudos!
Lance.

commoncents05

Not new. DNC's are for when PCGS thinks the coin is gradeable, but at a grade lower than the minimum grade specified. Problems are noted if applicable.

-Paul

Unknown

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fastfreddie

I concur, they have been giving a reason when there is a problem and a DNC when your minimum grade is too high for at least 5 years.

stealer

<< <i>They don't have much of an incentive to cross except to please submitters. Different grading philosophies and styles. It's kind of like trying to join a church with a different statement of faith than one you came from. >>


I think that's a bit of a stretch, all TPG's should and do for the most part follow the same grading guidelines except for certain designations such as what qualifies for FBL and FH.

PerryHall

<< <i>

<< <i>They don't have much of an incentive to cross except to please submitters. Different grading philosophies and styles. It's kind of like trying to join a church with a different statement of faith than one you came from. >>


I think that's a bit of a stretch, all TPG's should and do for the most part follow the same grading guidelines except for certain designations such as what qualifies for FBL and FH. >>



Agree. I know of some cases where a DNC slabbed coin is cracked out and resubmitted resulting in a more favorable result.

Nickcap

I got this a few times.

Once I got an environmental Damage sticker.

On another one I got Questionable authenticity. This was a nightmare and I had to fight with Proxibid's seller on this. I refuse to use Proxibid anymore because of it.

Elcontador

I have NEVER had an explanation re an NGC coin I have submitted not crossing at the same grade.

BAJJERFAN

<< <i>

<< <i>They don't have much of an incentive to cross except to please submitters. Different grading philosophies and styles. It's kind of like trying to join a church with a different statement of faith than one you came from. >>


I think that's a bit of a stretch, all TPG's should and do for the most part follow the same grading guidelines except for certain designations such as what qualifies for FBL and FH. >>



I'd think for the most part they are a lot more alike than they are different.

renomedphys

I have gotten these back a few times over the past two years. Most commonly, you get a .85, which indicates that the coin is gradable, but not at the current level. Any other reasoning is also given via .9x.

roadrunner

<< <i>

<< <i>They don't have much of an incentive to cross except to please submitters. Different grading philosophies and styles. It's kind of like trying to join a church with a different statement of faith than one you came from. >>

.I think that's a bit of a stretch, all TPG's should and do for the most part follow the same grading guidelines except for certain designations such as what qualifies for FBL and FH. >>



My own experiences in attempts at crossing NGC MS/PF 65-67 19th century Liberty seated type coins is 0 for 24. I had one of the leading coin dealers in the country do the same
thing with a dozen of my coins and they were able to go 1 for 12. However the one coin that crossed wasn't part of that first 24. Odd thing is that about half of these coins ended up
getting green stickered. I don't know about anyone else but 1 for 36 suggests that a large % of worthwhile gem coins don't get the nod. The best coin of this grouping was a MS67*
1839 half dime that I had orig cracked out of a 1990 MS67 holder figuring the coin had a great 68 shot. Worst case is that the coin was 67++. It was tried 3X over 10 yrs w/o success.
When it went to auction in the terrible March 2009 market (the bottom) it fetched more than half way to MS68 money and about 2X what solid/pq PCGS MS67's were bringing. The
feedback I've consistently heard from dealers who specialize in high grade type, as well as my own attempts, suggest it's more than just hard to cross all there, gem NGC 19th century
type coins. This was not that big an issue prior to 2009 when the price differential was only 5-10%. But with stickerization, the baby is being thrown out with the bathwater as the
price differential is now more like 15-30%. I definitely agree that there is no real incentive to cross. Those same coins will be tried over and over again over the years bringing in more
revenue. When I've cracked out coins to resubmit, my success rate is up in the 50-75% range....quite a bit different than 0%. But these are just my own experiences and may be
totally different than anyone else.

scoobydeux

<< <i>Not new. DNC's are for when PCGS thinks the coin is gradeable, but at a grade lower than the minimum grade specified. Problems are noted if applicable.

-Paul >>



Exactly my experience.

I sent in an 1831 CBH N64 PL which came back with a sticker that noted "altered surfaces." I was pretty annoyed, so I sent it to Edgar Souders, who sent along a masterfully written 4 page in depth evaluation of the coin that included descriptions of the surface at 5X, 10X, 20X, and 100X.

Bottom line: altered surfaces.

mrpotatoheadd

<< <i>all TPG's should and do for the most part follow the same grading guidelines... >>

Might be nice if they did but somehow, I suspect PCGS doesn't provide NGC graders access to PCGS's grading reference collection so I would expect that there will be differences between the two services.

coinbuf

<< <i>The
feedback I've consistently heard from dealers who specialize in high grade type, as well as my own attempts, suggest it's more than just hard to cross all there, gem NGC 19th century
type coins. This was not that big an issue prior to 2009 when the price differential was only 5-10%. But with stickerization, the baby is being thrown out with the bathwater as the
price differential is now more like 15-30%. I definitely agree that there is no real incentive to cross. Those same coins will be tried over and over again over the years bringing in more
revenue. When I've cracked out coins to resubmit, my success rate is up in the 50-75% range....quite a bit different than 0%. But these are just my own experiences and may be
totally different than anyone else. >>



+1 This is a perfect sumation of my results with crossovers of all types.

Edited to add: My last submission just a month ago went 4 for 8 on crossovers but I did not get any feedback or reason on the four that did'nt cross.

BAJJERFAN

Just got a 1 point bump on a crackout of a NGC older holder. Good for about an $800 boost.

mrpotatoheadd

<< <i>I definitely agree that there is no real incentive to cross. >>

I can think of one reason- if it's a nice coin, it gets it out of a competitor's holder and into yours.

crypto79

I have seen them go as far as have PCGS brass write a letter going over steps that were taken to make a decision on a coin. I have never seen a more customer service/ principle demographic focused company. The more one off the situation the more hands on they seem to get to address the issue in my experiences.

BAJJERFAN

<< <i>They don't have much of an incentive to cross except to please submitters. Different grading philosophies and styles. It's kind of like trying to join a church with a different statement of faith than one you came from. >>



HRH has frequently stated that they want all the nice stuff in PCGS holders. If you send them nice stuff, they are always happy to oblige.

CoinJunkie

I remember a brief period a few years back when PCGS affixed stickers on DNC coins with the reason.
It was short-lived and ended abruptly. Sounds like it may have come back, but I wouldn't necessarily
take it for granted going forward.