15 gennie coins resubmitted, how many will grade ?

ebaybuyer

if I were to resub 15 PCGS genie coins, what percentile would come back graded ? problems range from environmental damage, cleaned, scratched, rims filed, now this may be in stark contrast to those that frown on ebay sellers cracking out problem coins and selling with no mention of the problem, but if someone could prove that todays problem coin is tomorrows graded coin, would you still feel that it is unethical to crack and sell or could you be convinced that grading is merely an opinion and opinions are like ... well, lets just say everyone has one

Type2

Well I need to see them. Some will grade some will not this is why you need to see them and resubmit. Like one of them the environmental damage one can be fixed some times and some of the others as well. I grade them and sell them in there holders if you want to buy them and crack them out you can do what ever you want it's your coin now.


PS: Coin.

lasvegasteddy

"if I were to resub 15 PCGS genie coins, what percentile would come back graded ? "
depends on the coins
some are doomed...period !!!

i've bought questionable color in such holder...cracked it...it graded
should i of told the new buyer it was in a questionable holder 1st?....nah

i've had a coin come back questionable color and i sold still in that "QC" holder
later to find out a new buyer did the same and it graded...right on for him

one can't call a bushel of apples rotten for one rotten apple in it
but if an apple's rotten...it's rotten in or out of a bushel

so it depends on the seller and how he goes about such
in an honest about way
or
in a deceptive manner

back to those 15
depends on the 15 we're talking about for a percentile

GrumpyEd

It all depends how you pick them.
You could find a group where most might grade or a group where all will not.

Post some results if you try it and good luck

Type2

<< <i>"if I were to resub 15 PCGS genie coins, what percentile would come back graded ? "
depends on the coins
some are doomed...period !!!

i've bought questionable color in such holder...cracked it...it graded
should i of told the new buyer it was in a questionable holder 1st?....nah

i've had a coin come back questionable color and i sold still in that "QC" holder
later to find out a new buyer did the same and it graded...right on for him

one can't call a bushel of apples rotten for one rotten apple in it
but if an apple's rotten...it's rotten in or out of a bushel

so it depends on the seller and how he goes about such
in an honest about way
or
in a deceptive manner

back to those 15
depends on the 15 we're talking about for a percentile >>

Yup as for that one rotten apple you can do a lot with it still so it's not all a loss. But to sell it like it was a grade "A" Apple now that is not right. But it's your apple so you can do what ever you want and some will know it's not a Grade 'A" apple. But that is just me dumb Type2 thinking.

ricko

The question asked is impossible to answer.... some, none, all...without actually assessing the coins, in hand, no reasonable answer is possible. Cheers, RickO

WildIdea

If they're all submitted together, then maybe one. The damaged coins will bring each other down. If you submit the best one or two with a group of problem free coins then they may squeak through with a net grade. The strategy seems to work best for me.

CharlotteDude

Gotta see pics to provide an opinion... I've seen quite a few coins in problem holders that have left me scratching my head... and on the flip side, many "graded" PCGS & NGC coins that also left me scratching my head.

'dude

Walkerguy21D

I agree with 'dude.

I'll also say a dealer at FUN said he had a Merc dime from an original roll that came back gennie the first time, and 67 FB the second time, just recently.

ebaybuyer

this is a theoretical situation presented to those that believe it is unethical to crack a "problem" coin and sell it raw with no mention of the problem. and the answer didnt surprise me as much as it maybe should have

DeepCoin

All coins are not equal in this category IMHO. A harshly cleaned coin is never going to grade, whereas a questionable color coin may indeed come back graded. I have an unc IHC that came back questionable color that I may resubmit as I do not believe the coin has been messed with. Sometimes it is luck of the draw. I also have a bust half that will never grade, and it will never be submitted as that would be a fools errand.

I think a subset of coins that include both questionable color and also environmentally damaged coins that have been conserved have the best shot. Things like rim bumps and obvious cleaning should be in a different category for this question. Just MHO.

DennisH

In 2007 a dealer friend of mine had acquired a large pile of "details" coins from submissions to ANACS. Most were Mint State grades and ran the full gamut of sins other than bent and graffiti. He showed about 200 of them to another dealer friend who has a sharp eye and had considerable recent experience with NGC. Dealer #2 picked out 88 coins he thought would/could/should grade problem-free. Dealer #1 did nothing but crack out the coins and send them to NGC. (He added 12 more to make a bulk submission). Sixty-six of the 88 original coins came back in problem-free holders, in grades up to MS64. Six of the circulated ones subsequently crossed at PCGS.

BryceM

I imagine if they're all bent, whizzed, artificially toned, tooled and have a hole through the date that they'll come back in 15 genie holders again.

roadrunner

<< <i>If they're all submitted together, then maybe one. The damaged coins will bring each other down. If you submit the best one or two with a group of problem free coins then they may squeak through with a net grade. The strategy seems to work best for me. >>



Good point. If you picked 15 genuine coins by blindfold via a Heritage auction listing, and scattered them among 15 other submissions, I suspect one or more will come back graded.

I had a MS63 no motto seated half out of the Queller sale in 2002 with some very light pin scratching under the eagle's wing where someone tried to remove some type of stain/material. It was very minor and didn't detract from the coin's "unmagnified" appeal. I actually felt the coin had a legit shot to go MS64. But after around 5 submissions it was clear than 63 was as good as it was going to get. Those submissions went 63, BB, 62, BB, 63. So there's a "genny" coin that on any day of the week could end up with a decent market grade. I've also told the story of MS64 $10 Lib I cracked out and it came back the next 3 submissions as BB, BB, 66.

In the January 1990 James Stack dime sale there was a superb gem 1859-0....except someone had heavily pin scratched the center of the "O" in "ONE DIME" with a sharp instrument. In my mind the coin was somewhat ruined and now probably at the net MS64+ level. The joke was on me though as that coin fetched MS66 money....$13,750! I "knew" the winning bidder just got a burial. The next joke was on me too as the coin graded out MS66! If anyone was dumb enough to crack that coin out in the years that followed I'd not be surprised if it now lives in a 64/65 or genny holder.

Baley

<< <i>Gotta see pics to provide an opinion... I've seen quite a few coins in problem holders that have left me scratching my head... and on the flip side, many "graded" PCGS & NGC coins that also left me scratching my head.

'dude >>



Exactly, and the most succinct way of saying this that I've ever heard

ambro51

PCGS heartily thanks you for your contribution. Zero.

ebaybuyer

heres a curve ball, this was actually done, and the results are surprising and disturbing at the same time.

GoldenEyeNumismatics

probably from 1 to 4.