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***Poll: If you crack out a coin and resubmit, do you return the label(s) to the TPG?***

GoldbullyGoldbully Posts: 17,781 ✭✭✭✭✭
I feel like the time has come to send them back to the original TPG(s) so they can adjust their populations. What are your thoughts?

Comments

  • jcpingjcping Posts: 2,649 ✭✭✭
    Isn't grading history important that we just talked in other threads image
    an SLQ and Ike dollars lover
  • drwstr123drwstr123 Posts: 7,045 ✭✭✭✭✭
    I sent a bunch in to NGC...not even a thank you.
    They can whistle for them now.
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    I file them in the round file.
  • garrynotgarrynot Posts: 1,874 ✭✭✭
    I sent a few to NGC. Didn't expect any feedback and didn't get any
  • GoldbullyGoldbully Posts: 17,781 ✭✭✭✭✭
    Originally posted by: jcping

    Isn't grading history important that we just talked in other threads image




    Ummm, I'm not sure what you are saying here.....please expound. image

  • ShadyDaveShadyDave Posts: 2,217 ✭✭✭✭✭
    If I crack them out for my 7070, then I tape the cert to the front/back of the cover to remind me what grades they once were. I keep all of my crack-outs that I re-submit in a plastic baggy. I could have sworn that PCGS/ATS would reimburse you .50 for each cert you send to them...is that no longer the case?


    Either way, I don't crack open many coins, but I do keep the ones I have.
  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭
    This used to be a "hot topic" on these boards. How important returning them is because the pop reports are important....



    Now, I'm not sure anyone has a whole lot of faith in the pops.



    And, to answer the question: I've never cracked a coin.....I'm a virgin. image
    Easily distracted Type Collector
  • BAJJERFANBAJJERFAN Posts: 31,236 ✭✭✭✭✭
    Originally posted by: ShadyDave

    If I crack them out for my 7070, then I tape the cert to the front/back of the cover to remind me what grades they once were. I keep all of my crack-outs that I re-submit in a plastic baggy. I could have sworn that PCGS/ATS would reimburse you .50 for each cert you send to them...is that no longer the case?





    Either way, I don't crack open many coins, but I do keep the ones I have.




    IIRC PCGS still pays a fitty cent bounty for each insert returned.
    theknowitalltroll;
  • GoldbullyGoldbully Posts: 17,781 ✭✭✭✭✭
    Originally posted by: BAJJERFAN

    Originally posted by: ShadyDave

    If I crack them out for my 7070, then I tape the cert to the front/back of the cover to remind me what grades they once were. I keep all of my crack-outs that I re-submit in a plastic baggy. I could have sworn that PCGS/ATS would reimburse you .50 for each cert you send to them...is that no longer the case?





    Either way, I don't crack open many coins, but I do keep the ones I have.




    IIRC PCGS still pays a fitty cent bounty for each insert returned.




    A topnotch company wants this needed info. 50 cents is irrelevant....IMHO

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    50c ...My PCGS labels are headed for CA.
  • RaufusRaufus Posts: 6,827 ✭✭✭✭✭
    Originally posted by: DIMEMAN
    I file them in the round file.


    Same here, though the OPs point is well taken. Seems as though I should change my ways.
    Land of the Free because of the Brave!
  • DollarAfterDollarDollarAfterDollar Posts: 3,215 ✭✭✭✭✭
    You can assume the populations are all way over reality but the proper thing to do is ship them back as a courtesy to the next guy.

    If you do what you always did, you get what you always got.
  • BAJJERFANBAJJERFAN Posts: 31,236 ✭✭✭✭✭
    Originally posted by: Goldbully

    Originally posted by: BAJJERFAN

    Originally posted by: ShadyDave

    If I crack them out for my 7070, then I tape the cert to the front/back of the cover to remind me what grades they once were. I keep all of my crack-outs that I re-submit in a plastic baggy. I could have sworn that PCGS/ATS would reimburse you .50 for each cert you send to them...is that no longer the case?





    Either way, I don't crack open many coins, but I do keep the ones I have.




    IIRC PCGS still pays a fitty cent bounty for each insert returned.




    A topnotch company wants this needed info. 50 cents is irrelevant....IMHO





    Agree. There are 39,552 1883-O Morgans in PCGS ms4. I imagine +/- 5,000 either way would be no big deal.
    theknowitalltroll;
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    I guess I have a couple hundred.



    I used to turn these in to a favorite dealer who submitted them to PCGS and NGC for some reward. But over the past 5 years or so I've kept them with the crossed or cracked coins.



    If I sell the coin the old cert label goes with it. Until then it resides with the coin.

    Lance.
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Why do you keep them in your safe?
  • jcpingjcping Posts: 2,649 ✭✭✭
    Originally posted by: Goldbully
    Originally posted by: jcping
    Isn't grading history important that we just talked in other threads image


    Ummm, I'm not sure what you are saying here.....please expound. image


    Please read the "Dealers on Shrooms" thread image
    an SLQ and Ike dollars lover
  • BoosibriBoosibri Posts: 12,370 ✭✭✭✭✭
    I cracked a a half dozen this am and will send them in to help manage the pops on a thinly traded series I am working on.
  • CameonutCameonut Posts: 7,351 ✭✭✭✭✭
    Originally posted by: Boosibri

    I cracked a a half dozen this am and will send them in to help manage the pops on a thinly traded series I am working on.




    This is what I do as well.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Isn't grading history important that we just talked in other threads





    It has some value in the right situations. For common generic coins it probably isn't worth all that much. If there is knowledge of grading history, it's probably just something the current or previous owners might be aware of.



    It's not likely we will ever have such a system where grading histories can be retrieved or provided, at least not under the present system. And why would the TPG's want to ever show a history of a coin achieving a variety of grades? It wouldn't support the belief that one time through is more than enough. While such a system could be created, it would likely only be on new coins going forward, essentially wiping out 30 years/30 MILL submission events. It would take years or decades to get something worthwhile and by that time we'll probably have a revamped grading system any ways. A new grading system would render all the old data sort of useless, especially if the numbers change, say to a 0-100 pt system.



    I sent back inserts in the early years like a good Do-Bee. But from the early 1990's nothing has gone back. And who can compete with Steve Contursi's return of 13,000 high powered inserts that included Stella's, proof classic gold, etc? For coins that really mattered I ensured the old inserts were removed from the pop reports. One such coin was a 3X graded finest known coin (66's in 1986-1988 and a 67 in 1997). I didn't want to see the pops mucked up on a coin like this. Generic common dates are not so important.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jdimmickjdimmick Posts: 9,756 ✭✭✭✭✭
    I sent PCGS and NGC a hole bunch a few months ago , with no return address or name, just so they can adjust pop reports. Only kept a few where the coins came back graded lower to sell with the coin in which some of the forum members bought.
  • GoldbullyGoldbully Posts: 17,781 ✭✭✭✭✭
    Originally posted by: Hydrant

    Originally posted by: roadrunner

    Isn't grading history important that we just talked in other threads





    It has some value in the right situations. For common generic coins it probably isn't worth all that much. If there is knowledge of grading history, it's probably just something the current or previous owners might be aware of.



    It's not likely we will ever have such a system where grading histories can be retrieved or provided, at least not under the present system. And why would the TPG's want to ever show a history of a coin achieving a variety of grades? It wouldn't support the belief that one time through is more than enough. While such a system could be created, it would likely only be on new coins going forward, essentially wiping out 30 years/30 MILL submission events. It would take years or decades to get something worthwhile and by that time we'll probably have a revamped grading system any ways. A new grading system would render all the old data sort of useless, especially if the numbers change, say to a 0-100 pt system.



    I sent back inserts in the early years like a good Do-Bee. But from the early 1990's nothing has gone back. And who can compete with Steve Contursi's return of 13,000 high powered inserts that included Stella's, proof classic gold, etc? For coins that really mattered I ensured the old inserts were removed from the pop reports. One such coin was a 3X graded finest known coin (66's in 1986-1988 and a 67 in 1997). I didn't want to see the pops mucked up on a coin like this. Generic common dates are not so important.



    I agree. You've covered covered it all. Great post.





    Agreed!



  • GoldbullyGoldbully Posts: 17,781 ✭✭✭✭✭
    Originally posted by: TopographicOceans

    Why do you keep them in your safe?




    Ummm.....does it matter where I store them?



    Medicine cabinet? no.



    Under the bed? No.



    Manilla folder in my file drawer? No.



    Please share with me where I should store them.



    TO, I sometimes wonder about you. image
  • jwittenjwitten Posts: 5,223 ✭✭✭✭✭
    Originally posted by: TopographicOceans
    Why do you keep them in your safe?


    Possibly to prevent any thieves from even seeing them. If they are out loose, someone can find them, then know you have some goodies somewhere, or might try a little harder to get in that safe.
  • goldengolden Posts: 9,972 ✭✭✭✭✭
    I have handed over several at large shows . They really did not seem to care.
  • BryceMBryceM Posts: 11,850 ✭✭✭✭✭
    Do the two primary TPGs actually use the returned labels to adjust the pop reports and deactivate the cert numbers from the database? If they just deep-six them, it doesn't seem worth the effort......
  • oih82w8oih82w8 Posts: 12,518 ✭✭✭✭✭
    One of these days I will send 'em back.
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    Originally posted by: drwstr123
    I sent a bunch in to NGC...not even a thank you.
    They can whistle for them now.


    Do it for your fellow collectors.
  • COINS MAKE CENTSCOINS MAKE CENTS Posts: 1,861 ✭✭✭✭✭
    I wait until I have 20 or 30 and then return them
    New inventory added daily at Coins Make Cents
    HAPPY COLLECTING


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