The Crackout Game

rhedden

Congrats to whomever made it!

February 2014 auction result

April 2014 auction result (same coin)

guitarwes

Hmm. I like the pics better after the upgrade. I bet it would have brought a little more originally if it had those pics.

topstuf

Uniformity in grading.
A reliable thing.
Encouraging for investment in coins.

mercurydimeguy

How do you know it was a crackout and not regrading?

Just curious...cause it makes a difference.

indeetlib

Huh, I wonder why the didn't keep the Teich Family pedigree on the label?

fastfreddie

Maybe we should just call it the gradeflation game instead...

TommyType

<< <i>How do you know it was a crackout and not regrading?

Just curious...cause it makes a difference. >>




This is either an answer to your question....or an invitation to teach me something new. Not sure....


But does a "regrade" get a whole new serial number? Or do they reholder it with the old number?

mercurydimeguy

What if the coin was undergraded to begin with, and now it's properly graded?

That is also a possibility is it not?

So why would this coin be a problem in a 66 holder if it really is a 66?

Just curious...

Btw, I don't own the coin and don't know who does...just as a disclaimer

BryceM

Regrades are cracked out when received, the old serial number is (eventually) deleted from the cert database, the pop numbers are (eventually) updated.

The coins are assigned new numbers and then sent through the grading room just like raw coins......... only they're guaranteed not to grade lower. If for some reason they do grade lower, the grade guarantee kicks in.

rhedden

The coin isn't necessarily a problem in a 66 holder, unless the prospective buyer sees the previous auction result before bidding (LOL). I posted this more to illustrate how one can work the system to great advantage if they really know the grading game. Or one can pay a lot more for their coins if they don't check auction history before bidding. No shame at all on the flipper/re-submitter; it's an upper-deck home run.

In fact, this coin looks every bit of 66 to me (from images, anyway), and with exceptional eye appeal. I think the combination of outrageous target toning and Registry grade made this coin into an instant celebrity, whereas it may not have gotten the benefit of the Registry effect in a 65 holder.

lkeigwin

<< <i>How do you know it was a crackout and not regrading?

Just curious...cause it makes a difference. >>

Wouldn't a regrade have kept the provenance?
Lance.

mercurydimeguy

Regrade won't get provenance since it is essentially a new coin, but guaranteed not to be graded lower.

mozin

Maybe the submitter asked PCGS to lose the provenance, thereby making it a bit harder to determine that the second auction coin was the same as the first. That is what I would do.

Wabbit2313

Of course a regrade can keep the provenance. Who cares though if it says Teich on it. My "guess" is that the only way to get a truly fresh look at this coin was to send it in raw, and give up Teich, which is giving up nothing as far as I am concerned.

ms70

Wow. And it didn't even have a bean....

mozin

Wonder if it will earn a bean now, with the higher grade and new plastic.

BustHalfBrian

<< <i>Maybe the submitter asked PCGS to lose the provenance, thereby making it a bit harder to determine that the second auction coin was the same as the first. That is what I would do. >>



This ^^^

TwoSides2aCoin

Congrats. Midas lives.

Nic

Good for whoever bought and sold it. Looks like a very nice coin.

We all play "the game" everytime we buy a slabbed coin. Like it or not. I like it.