Do you crack out your 69s and sell raw?
VirginiaCollector
Posts: 215 ✭✭✭
For modern issues, if you get a 69 (or several) do you find that you can net more when selling if you crack them out and sell as raw with OGP?
Do you consider this a dishonest practice or just an accepted part of buying and selling?
Do you consider this a dishonest practice or just an accepted part of buying and selling?
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I don't know why anyone would crack out a 69 to sell raw.
they may get a '70'..... while certainly legal, it is not ethical. Cheers, RickO
Cracking them out to sell raw is obviously a business ploy counting on a buyer that believes
they may get a '70'..... while certainly legal, it is not ethical. Cheers, RickO
Considering the huge and known amount of subjectivity of grading in different grading services and within each grading service, who knows, it may make a 70 at some point!
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Cracking them out to sell raw is obviously a business ploy counting on a buyer that believes
they may get a '70'..... while certainly legal, it is not ethical. Cheers, RickO
Not really, some modern coin collectors prefer them that way (In OGP's).
Also, I've "cracked out" 68's & sold them raw with OGP. As long as you have good pictures, identifying the flaws, with a no question ask return policy, most will sell at a premium over the graded ones.
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Cracking these can detract market or sell value. I recently bought a nice PCGS 69 ASE for about $10 over melt (less than slab cost). A nice deal IMO.
If storage problem then perhaps buying AGE and AGB in PCGS MS69 solution.
My offer on raw pieces much less than slabbed 69's. Destroy the slab you have shot yourself in the foot.
I consider the raw pieces worth less than a graded 69. So no crackout on these. Many of the various labeled pieces are a collectible in themselves.
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I've seen many 69s in slabs that I don't even consider to be 69s.
I own a few 69s that could easily have been graded 70, in my opinion.
A 69 grade is only someone's paid opinion, and I see nothing unethical about selling a 69-graded coin raw in OGP, especially if accompanied by a good pic and accurate description of the coin.
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If I get two moderns slabbed and one makes 69 and one makes 70, do you think I will be able to sell the OGP that the 70 came in for more than the 69 came in?