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Cross over question
NorCalJack
Posts: 604 ✭✭✭✭✭
I am considering sending in an NGC proof coin graded a PR67 that has a CAC sticker. I think the coin will cross, but will PCGS holder the coin and upgrade it to a "+" designation if it is warranted. Or will they only cross over at the same grade. I am considering to just crack it out and send it in raw to get the "+" designation or at least let them consider a "+".
Just wondering if anyone else has crossed a coin and they got a "+" designation with the submission.
Just wondering if anyone else has crossed a coin and they got a "+" designation with the submission.
Here is my Washington Quarter Variety Registry Set
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<< <i>I am considering sending in an NGC proof coin graded a PR67 that has a CAC sticker. I think the coin will cross, but will PCGS holder the coin and upgrade it to a "+" designation if it is warranted. Or will they only cross over at the same grade. I am considering to just crack it out and send it in raw to get the "+" designation or at least let them consider a "+".
Just wondering if anyone else has crossed a coin and they got a "+" designation with the submission. >>
Any coin could cross at the same, a higher or a lower grade. If you'd be happy with the coin as is if it didn't cross, submit it as a crossover. I think you have a better chance of getting it crossed out of the holder, but there is RISK of losing what you already have if it doesn't pass muster.
If it merits a plus or higher grade it will get it.
Cracking has the advantage that PCGS can see the whole coin. When looking through plastic and at concealed rims they have to be a little conservative and plan for the unexpected. The downside of cracking is that PCGS might find a reason to body bag it in a genuine holder. That's probably low odds with your coin.
CAC-approval means nothing to PCGS.
Lance.
Graders tend to be conservative when seeing a high value, high grade coin in a holder and not in a raw state. If there are problems which are difficult to detect in the holder PCGS becomes liable once the coin is removed from its holder during grading. As such, I wouldn't expect a high chance of the coin upgrading if sent in with its current holder.
Latin American Collection
I would cross at grade, and if it crosses and does not upgrade then, send it back in for a regrade if you think it deserves it. They now evaluate it out of the holder.
What is the value of the coin, or what is it? Obviously, if it is a lower value coin, this is not the way to do it.
<< <i>I would cross at grade, and if it crosses and does not upgrade then, send it back in for a regrade if you think it deserves it. They now evaluate it out of the holder.
What is the value of the coin, or what is it? Obviously, if it is a lower value coin, this is not the way to do it. >>
Well the coin is a 1941 Washington Quarter. So it is worth $500 or so. A "+" grade would net $1500 to $1700, which is a good jump.
Now I did get a 1957 Washington Quarter in PR68DCAM to cross over a couple months ago. When I got the coin back the coin really is exceptional and may also upgrade to a "+". So a PR68DCAM sells for $1700 and a "+" would probably be worth $2,300, which is not a real big jump, but would upgrade my registry set.
So when the 1957 was crossed over, does the grader mark the holder for a crossover and someone else cracks it out and re-holders the coin? Meaning that the grader never gets to see the coin out of the holder and probably would not designate the coin with a "+" grade. Or does the grader actually crack out the coin and observe the coin raw after it has been determined the coin qualifies for a crossover.
Here is my Washington Quarter Variety Registry Set
This is my Washington Quarter Proof Variety Registry Set
<< <i>
So when the 1957 was crossed over, does the grader mark the holder for a crossover and someone else cracks it out and re-holders the coin? Meaning that the grader never gets to see the coin out of the holder and probably would not designate the coin with a "+" grade. Or does the grader actually crack out the coin and observe the coin raw after it has been determined the coin qualifies for a crossover. >>
Yes, the coin is only graded once, and in a crossover, it is graded in the holder, not again after someone cracks it out. Mr. Willis stated this a while back.
With the jump in value that you are talking about, it seems worth the effort to at least try, even if it means submitting it twice. As mentioned already, you can just get it over with and crack it yourself. My personal experience is that NGC is a little more forgiving on Washington quarters, with the 10 or so I have sent to both places in the last year. If I am right, you could lose your 67 of course.
That doesn't make much sense. Suppose a problem is discovered? Surely PCGS doesn't leave it to some clerk who cracks coins to notice it and alert someone.
I know DW said if a flaw is discovered after cracking...one that would prevent the cross after all, that PCGS would be on the hook for a payout. Which is why PCGS is conservative on cross decisions. They always prefer raw coins.
Maybe graders do the cracking? I really don't know. I always assumed the coin is re-examined to see that all is hunky dory or that perhaps with a better look the coin might deserve a higher grade.
Lance.
Lance, he did. I would have to search for it.
Cheers!
I can't find it. It might have been homerunhall also. As I recall anyway, the coin is graded through the plastic and that is it, only once.
Ironically in hand it's stunning and while I never thought they'd upgrade it, in hind sight it totally makes sense.