***Poll: If you crack out a coin and resubmit, do you return the label(s) to the TPG?***
Goldbully
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?
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Comments
They can whistle for them now.
Isn't grading history important that we just talked in other threads
Ummm, I'm not sure what you are saying here.....please expound.
Either way, I don't crack open many coins, but I do keep the ones I have.
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.
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.
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
I file them in the round file.
Same here, though the OPs point is well taken. Seems as though I should change my ways.
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.
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.
Isn't grading history important that we just talked in other threads
Ummm, I'm not sure what you are saying here.....please expound.
Please read the "Dealers on Shrooms" thread
Latin American Collection
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!
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.
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!
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.
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.
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,...
I sent a bunch in to NGC...not even a thank you.
They can whistle for them now.
Do it for your fellow collectors.
HAPPY COLLECTING