Anyone try PCGS reconsideration service yet?
cupronik
Posts: 773 ✭✭✭
Have you resubmitted a coin through this service tier in hopes of a '+' or full point upgrade? Or perhaps you were looking for the added "superlative" designation, i.e. FBL, FB, FS, etc.
What's your experience? Care to share?
What's your experience? Care to share?
0
Comments
-Paul
Choose your spots and take your shots. YMMV
I recall a few earlier threads in which original MPL's were getting bumps for increased appreciation of underlying satin finish freshness and reflectivity, something that got lost in the "market acceptability" of the increasingly less subtle doctoring efforts in this niche.
I am preparing to send one in for reconsideration...a 1938 50c in a first generation MS-66 holder with great color, the nicest I've seen. Frankly, I paid nearly 67 money for it. I sent it to CAC where it did not gold sticker. It is clearly a choice coin, and a 66+, but I am not sure it is a 67. So, I'm not sure if I will designate a minimum grade of 66+ or 67.
Tom
And yes, that means "whatever's in them" Reconsideration is about the use of judicious calculation based on the niche.
Tom
I did it earlier this year on a 1910 Proof Cameo 66 Liberty Nickel, and it was a dumb idea. I should have "reconsidered" sending it in.
Cost me $70 to learn that lesson.
<< <i>I think the Colonel nailed it on the head. It makes sense, but you need to know what you're doing.
I did it earlier this year on a 1910 Proof Cameo 66 Liberty Nickel, and it was a dumb idea. I should have "reconsidered" sending it in.
Cost me $70 to learn that lesson. >>
Thanks for sharing that. 1910's can come with nice contrast. If not in a OGH or earlier holder, Reconsideration makes no financial sense when the Regrade option is available. I'm thinking your next use will offer a higher potential payoff.
Look at the price structure for 3cN's. No common-date proof is worth an reconsideration fee until you're reaching for 67+.
Don't generalize on this subject. It's about know the value of the service in your niche.
An excellent point made by the Colonial. But, like most things in life, it is not always true.
There are some coins and grades where the + adds limited value. However there are many others where there is a big spread. This is where a + designation can add a great deal of value to the coin. Also there are many pop top coins where a + can add a great deal. I remember one coin tied for top that gained $50k in value after receiving a + according to the submitter (who later sold the coin).
The important point here is to analyze your particular situation and decide what is best based on the specific coin in question.
I think part of the reason the Reconsideration was unsuccessful is the existing slab is not if the best shape.
I will have to consider each one on its own merits to decide to experiment with this service.
<< <i>What is the significant difference between reconsideration and regrade? >>
no crack vs crack
RECONSIDERATION: Use the Reconsideration service if you would like to have your coin regraded without being removed from its current holder. There are four Reconsideration service options (only one options is allowed per submission).
REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded.
Unfortunately there's only two top registry players and neither is interested.
A regrade is "guaranteed" not to downgrade, the grader gets to see the coin raw (so no need to be conservative when viewing through plastic and hidden rims), there is no premium fee, and the coin comes back in the nicest holder PCGS has ever made (my opinion...I like the improved clarity, edge view, and scratch resistance).
Lance.
<< <i>Unless there is something special about the holder I would always choose regrade over reconsideration.
A regrade is "guaranteed" not to downgrade, the grader gets to see the coin raw (so no need to be conservative when viewing through plastic and hidden rims), there is no premium fee, and the coin comes back in the nicest holder PCGS has ever made (my opinion...I like the improved clarity, edge view, and scratch resistance).
Lance. >>
Totally not true
REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded.
Therefore you want
RECONSIDERATION: Use the Reconsideration service if you would like to have your coin regraded without being removed from its current holder. There are four Reconsideration service options (only one options is allowed per submission).
Lafayette Grading Set
<< <i>
<< <i>Unless there is something special about the holder I would always choose regrade over reconsideration.
A regrade is "guaranteed" not to downgrade, the grader gets to see the coin raw (so no need to be conservative when viewing through plastic and hidden rims), there is no premium fee, and the coin comes back in the nicest holder PCGS has ever made (my opinion...I like the improved clarity, edge view, and scratch resistance).
Lance. >>
Totally not true
REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded.
Therefore you want
RECONSIDERATION: Use the Reconsideration service if you would like to have your coin regraded without being removed from its current holder. There are four Reconsideration service options (only one options is allowed per submission). >>
Say what? Nothing I posted is not correct. Exactly what is not true?
Lance.
<< <i>Ok so if I have a 1921 Peace $ in an OGH and it is currently a MS60 and I believe it will go MS62 now and choose Reconsideration how will they change the label to reflect the new grade of MS62 if the holder is not opened? >>
This thread is starting to sound like a broken record...
Coins sent in for reconsideration are treated like crossovers, where the coin is viewed by the graders still in the original slab. If the graders grade it higher, or decide it worthy of a new designation like FH, CAM, etc, the slab is cracked and the coin is reslabbed in a new holder. If the coin is not worthy of the upgrade, it is returned in the original slab, which is never cracked. The submitter gets to decide what type of upgrade results in the coin being cracked and reslabbed- half a point, a full point, or just the designation change.
This is in contrast to a regrade where the slab is cracked and the coin gets sent to the graders as a raw coin, resulting in a new slab either way, whether the coin gets a new grade or the same grade.
<< <i>Ok so if I have a 1921 Peace $ in an OGH and it is currently a MS60 and I believe it will go MS62 now and choose Reconsideration how will they change the label to reflect the new grade of MS62 if the holder is not opened? >>
We need pics as you don't see a lot of MS60 grades.
<< <i>I did it for a dealer friend at the Baltimore show in March. Dealer sent in a common date SLQ to be graded and it came back as an MS-65. Dealer was disappointed because it was not designated full head. It was a very nice piece. Upon looking at it under a glass, you could easily tell it was full head. However, without a glass, it just did not have the look of a full head. I cannot really explain it any better than that. Anyway, I dropped it off at Baltimore under re-consideration, and it came back as a 66+ FH. All in less than a month. Go figure. I'm not certain, but I don't think they charged extra.
I am preparing to send one in for reconsideration...a 1938 50c in a first generation MS-66 holder with great color, the nicest I've seen. Frankly, I paid nearly 67 money for it. I sent it to CAC where it did not gold sticker. It is clearly a choice coin, and a 66+, but I am not sure it is a 67. So, I'm not sure if I will designate a minimum grade of 66+ or 67. >>
Update--my first reconsideration submission, a 1938 50c, did indeed upgrade at reconsideration to MS-67. Not too surprised. Upon giving this further thought, the SLQ I submitted was under re-grade. I will post under separate topic about the 1938, along with TrueView pics. For those interested, the cert number is 03067537. It's a beauty and my only WLH.
Tom
<< <i>An excellent point made by the Colonial. >>
He's old, but not that old!
edited....very first time using this service
<< <i>My first attempt at the Baltimore show was a beautifully toned proof liberty seated dollar graded 64. I was very pleased to receive a grade of 64+.
I thought the reconsideration service only allowed a minimum of 1 point upgrades? Thus, in the age of plus grading, one could not get a 64 to a 64+ with this service?
"Got a flaming heart, can't get my fill"
I just sent in 2 submissions, one was any upgrade as the + would be good on those coins and the other was at least a point upgrade.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>bumping a month old thread for a question - because I'm confused.
<< <i>My first attempt at the Baltimore show was a beautifully toned proof liberty seated dollar graded 64. I was very pleased to receive a grade of 64+.
I thought the reconsideration service only allowed a minimum of 1 point upgrades? Thus, in the age of plus grading, one could not get a 64 to a 64+ with this service? >>
As others have noted, this is not true. The default is a 1 point minimum upgrade, but you can designate a + as an upgrade as well.
Tom
<< <i>I thought about sending some in, but then I reconsidered
-Paul >>
for sure
It all depends on your skills.
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I tried it. I had a 1937 buffalo nickel PR-66 in an OGH PCGS holder. Payed a bit over greysheet, but I thought it was nice enough for an upgrade. I think it is more cost-effective and you have better chances with just cracking out a slab and sending it in. Depends on the value though.