Are cracking green beans a waste of money?

ad4400

i have two pieces green beaned that I am considering cracking and resubmitting. Have those with more experience found that green bean coins stay the same grade, since they been have found to be accurately graded, or do they find they do better than non stickered coins?

Coins in question are a 23-s buff in 64 and a 18-d buff in 55.

In my limited experience of roughly 40 submissions of previously graded coins, a bit over half come back as a grade other than purchased, with results about 50/50 up and down grades. I have gotten gifts and been robbed in the grading room. Given to upside on those pieces it seems worth one shot.

For the record I don't feel the images I have would definitely answer the question.

TwoKopeiki

Pandavab

I realize you said the pictures you have wouldn't help, but this isn't really a question that could be answered without high quality images. Honestly, it is difficult enough without having them in hand, as pictures tell only so much (and can lie, whether as designed or accidental).

To your specific question, however, there is no way to tell. Some CAC coins upgrade, some downgrade, and some stay the same. While they offer some additional value in having another professional opinion, it doesn't guarantee anything. I would expect green beans are more likely to upgrade than coins without them, but that doesn't mean it is worth it to do so. I don't think you should be sending in a coin for regrade unless you feel comfortable grading and feel it has a shot of upgrading, someone you trust has made such an assessment, or maybe if you need a reholder because of a damaged slab and feel the extra fee for the regrade is worth the gamble. Generally though, I'd recommend only if you or another individual who has the experience to properly grade has taken a look at the coins first.

That said, I don't see the value of cracking out at all. If you're submitting PCGS coins to PCGS, I would never crack them out. PCGS will do it for you which will:

1) Protect you from downside risk. PCGS won't slab it at a lower grade, even if they felt it should be.

2) Offer more protection to the coins, as they are in their slabs until they get to PCGS's facility (rare that this matters, but it is worth something).

TopographicOceans

I wouldn't, regardless if you are doing it for Registry points or to sell.

oih82w8

I only did that once...and I, along with numerous others on the forum, thought that it was undergraded...which it was...upgraded from PCGS AU53 CAC to AU55...and was re-CACed.

BryceM

Sorta maybe depends on the coin.............

mozin

My experience is that a CAC coin is a long shot to upgrade, simply not worth the effort to upgrade. I deal in Capped Bust series coins, don't know about other series.

ricko

Of course, anything is possible.... however, reality says you will be wasting money. Cheers, RickO

TwoSides2aCoin

Money spent was money well earned, one can hope.

asheland

Originally posted by: TwoKopeiki

LindeDad

If you flip a coin aren't the odds 50%?

panexpoguy

Originally posted by: ad4400
i have two pieces green beaned that I am considering cracking and resubmitting. Have those with more experience found that green bean coins stay the same grade, since they been have found to be accurately graded, or do they find they do better than non stickered coins?

Coins in question are a 23-s buff in 64 and a 18-d buff in 55.

In my limited experience of roughly 40 submissions of previously graded coins, a bit over half come back as a grade other than purchased, with results about 50/50 up and down grades. I have gotten gifts and been robbed in the grading room. Given to upside on those pieces it seems worth one shot.

For the record I don't feel the images I have would definitely answer the question.

This is my perspective on the sticker matter, which seems to be a hot topic of late in several threads.

A green bean tells me that I have an A or B coin for the grade, or a C coin for the next highest grade. I cannot recall anyone else discussing the possibility that it is a C coin for the next highest grade, but as I see it, this should be a clear consideration. The common understanding expressed on the forums (IIRC) is that the green bean indicates an A or B coin for the grade, and a gold bean indicates a coin that would green bean at the next highest grade. So you can have a green bean coin in MS65 that CAC actually thought was a C coin in MS66. So, more than likely your resubmission would grade the same again, with a larger chance that it would upgrade than downgrade.

If you get an upgrade, you are now likely to have a C coin for the next highest grade with no CAC. Price Guide says it is worth more, the market may say that it isn't. Chances are that it is unlikely to green bean at the next grade. I have one of the examples discussed in a different topic that upgraded from 64 CAC to 66 CAC. In that instance, the original holder was an early rattler that was quite hard to see through. I asked that it be cracked out and graded raw, and it moved up.

That coin is the only PCGS CAC coin I have ever cracked for regrade, and may be the only one ever. CAC coins that I do crack out are NGC examples that I like and buy when I cannot find the coin I want in PCGS plastic. I prefer PCGS so I will get the coin holdered here. I submit them raw. I have done this perhaps five times, with one upgrade, one downgrade, three same grades.

In my collection, I would always prefer to have an A or B coin than a C in the next grade. Others disagree and I respect their positions.