A crossover question

jcping

I know this is a very stupid question since you can crack out and submit to avoid 1% charge. What can you further lose if a coin is not grade-able already. Nevertheless, has anyone tried to crossover any not-grade-able coin? If so, how PCGS valued the coin and charged the 1%?

Boosibri

I would also question the logic in crossing over a details coin rather than simply cracking it out if your are hung up about the plastic that the coin is in. I can;t see what you would lose in just cracking it out other than revealing additional problems. NGC only notes cleaning, crack it out and the rim is filed which is likely a more severe offense which PCGS may not on the label?

LochNESS

In my opinion, since you asked, it doesn't matter if the coin is slabbed or cracked out. If it got details at a non-PCGS TPG, say, across the street, then it will likely be details at PCGS or a body bag. Not sure about the 1% valuation since PCGS doesn't value problem coins, do they? Zero points in the registry. I didn't think they had price guide values. I think with problems they simply charge you for the cost of the slabbing.

LochNESS

You know what, come to think of it, I did cross some Israeli prutah coins once which were in NGC plastic marked genuine corrosion. I believe PCGS marked them DNC and returned them in the NGC plastic. So I think that's what would happen to you. DNC returned as submitted. If you crack them out, then you pay for the body bag or genuine slab.

Bochiman

The ONLY thing I could see happening is if there was a disagreement between the TPGS graders on the authenticity of a coin.



For example....NGC detail grades it (thereby confirming they believe it to be authentic, just not clean gradable by them). Crack it out, submit to PCGS, and they see something that makes them question it and they do NOT holder it based on authenticity.



That would be the only thing, which should be an extremely remote chance that it could happen, that I could see.



Else, there should be no logical reason that, if one were to have an already detailed slabbed coin, to send it in like that rather than crack it out.

LochNESS

Unless there was a crossover special where non crossed coins were not charged. I think that was when I sent mine. And the 2-3 DNCs are still living a happy life in their NGC slabs.

roadrunner

Originally posted by: jcping

I know this is a very stupid question since you can crack out and submit to avoid 1% charge. What can you further lose if a coin is not grade-able already. Nevertheless, has anyone tried to crossover any not-grade-able coin? If so, how PCGS valued the coin and charged the 1%?

PCGS's website literature states that that with regards to crossing fees, the "genuine" vs. "graded" holdered coins are charged the same. No difference.

BillJones

Not all coins that are labeled "not grade-able" are not grade-able. From my limited submission experience I've had coins not get a grade the first time, but get a grade the second time. Of course it takes a level of expertise to determine if a "not grade-able" coin has a chance for a grade.

My opinion is that you bite the bullet and crack out the coin if you want it a different holder. My perception is that you have two strikes against you when you submit a coin in "the other guy's holder" to the competing service. Let the graders start from scratch.

ricko

Based on my years of reading threads on this forum (and no hard statistics), my impression

is that there is a higher degree of success with cracked out coins then those submitted in

holders. Cheers, RickO

jcping

Originally posted by: roadrunner

Originally posted by: jcping
I know this is a very stupid question since you can crack out and submit to avoid 1% charge. What can you further lose if a coin is not grade-able already. Nevertheless, has anyone tried to crossover any not-grade-able coin? If so, how PCGS valued the coin and charged the 1%?

PCGS's website literature states that that with regards to crossing fees, the "genuine" vs. "graded" holdered coins are charged the same. No difference.

Does this imply that UNC detail will be charged 1% of MS60 value and AU detail will be charged 1% of AU50 value ?

roadrunner

Originally posted by: jcping

Originally posted by: roadrunner

Originally posted by: jcping

I know this is a very stupid question since you can crack out and submit to avoid 1% charge. What can you further lose if a coin is not grade-able already. Nevertheless, has anyone tried to crossover any not-grade-able coin? If so, how PCGS valued the coin and charged the 1%?

PCGS's website literature states that that with regards to crossing fees, the "genuine" vs. "graded" holdered coins are charged the same. No difference.

Does this imply that UNC detail will be charged 1% of MS60 value and AU detail will be charged 1% of AU50 value ?

PCGS fees



As I read it the 1% fee only comes into play on "rarities." And in that case it's $250 + 1%. The standard crossover fees "should" apply for lower value coins. Consult your PCGS rep.



In the case of the PCGS price guide having no listed values (which is certainly the case for "genuine" coins) I don't know how they arrive at a value. Using AU price guide for an AU details coin wouldn't be fair at all. It "should" be the net value of the coin.