Reholdering Coin - stacking rib chipped off reverse
Cougar1978
Posts: 8,592 ✭✭✭✭✭
I recently acquired a 1923-S Dollar PCGS MS63 for $68 via eBay (cdn bid $75). On reverse in top corners stacking rib chipped off in two places near corners. This was not given in description by seller a large firm nor easily visible in photo.
I want to keep the coin as it is nice. It's in the new gen holder. However it would cost me 12 reholder fee plus 10 handling fee plus 23 return ship 45 total. I don't have any others put on reholder bus. However am putting together economy submission and considering cracking, dipping the 23-S (very light surface haze but not something normally crack dip submit) then submitting it on that slab bus (economy) along with other 3 others plus one or more from numerous raw coins I have. I have a roll of 1950-D BU cents and wonder if some might make 66 or higher - the recent article in CDN about red hot Lincoln Cents an eye opener.
I charge grading expenses off against the business as period cost (fees) like a table fee. Once coins come back from grading inventory cost reallocated based on PCGS MV when received.
Stacking rib chip off issues - I wonder if this is careless handling by owner or defect in grading process. I believe sellers should disclose this in any online listing as I certainly would. I sell online and set up at shows. As u can possibly tell I like slab in pristine shape.
Comments
They fix too tight in the older blue boxes, recently chipped one trying to get it out of a box. Only seems to happen at the end slots.
It is frustrating for me bc can be turnoff to potential buyers. This first time encountered with latest gen holder.
For me, the condition of the slab is important since that is where the coin will be housed. I never understand why some people are so oblivious to damage they do to the plastic. I suppose they just see the coin as an interchangeable commodity (which to some degree was what TPGs were all about, making coins safer to trade sight unseen).
I wonder if you approach the seller with your dilemma and outline the costs of reholdering if he would offer to cover the reholder fee, for example. I would not demand or even ask for it, but just lay out the situation for him and see what he says.
I care greatly about the viewing window but not at all about the corners. I've sold plenty of coins and unless the slab was important such as a doily, it wouldn't occur to me to mention the condition of the slab in the description. I know I own a few that are chipped..... I think. Not sure which ones though.
A chipped corner on the slab of a coin worth $68 is unfortunate but hardly a reason to have it reholdered. I can't see how that puts you ahead. Sure, it might deter a potential buyer, but you'll guarantee yourself a huge loss on the coin if you have it reholdered.
I once got a group of PCGS slabs where the stacking edge was filed finger size in the middle of the slab at the top. Needless to say the dealer had fat fingers and did this to facilitate removing the slabs from a box!
I plan to leave as is for now. I am not going to spend $45 fees getting one coin reholdered.
OCD.......... it's a horrible disease.
I'll bet you could put another on with baking soda and super glue. Try it and tell us the results.......
https://www.youtube.com/watch?v=KU2qph2vG9Y
bob
OCD.......... it's a horrible disease. OCD.......... it's a horrible disease. OCD.......... it's a horrible disease. Sorry, I had to fix that.
I am far more concerned about the quality of the coin inside the slab and the windows that display it. I don't worry about the stacking ribs at all. It costs too much to get coins reholdered to worry about that.
If the viewing windows for the coin and the label are clear and the coin is acceptable, then anything else on the slab is secondary. I am sure I must have some with chipped stacking ribs. Nothing I would concern myself with if a coin arrived with that condition. Cheers, RickO
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I would think you would be able to send in under the reholder submission...not pay to grade again! Think Grandfather!