strange grading situation

Cacoinguy · December 27, 2014 2:35AM

Hey everyone

Let me start by wishing everyone a merry christmas and happy new year .

Recently I purchased an old half dollar in a pcgs genuine unc details holder , a beautiful specimen with tons of meat on the bone and a great look to the coin. I could not locate the cleaning notated on the holder so i decided to roll the dice crack it out and resubmit it. Keep it mind the coin is worth 4 figures in the details holder. I just got my grades back and it got a straight grade! Unfortunately it went from unc details all the way down to xf45 - is this a common occurance ? If this happened to you would you send it in for reconsideration because of the disparity in the two grades? I believe this coin belongs in an au58 holder - i do not have photos because i have not received the coin back yet in the mail. This forum has taught me alot and i was just hoping to hear what the valuable opinions of this board thought

Thanks for the help

Cacoinguy · December 27, 2014 3:07AM

Isnt it also strange a coin could be judged as unc and xf?

Sonorandesertrat · December 27, 2014 3:12AM

This happens more often than most collectors realize. Sounds like your coin was silently net graded the second time around.

crypto79 · December 27, 2014 3:26AM

I would wait to see what it says in hand as it could be a glitch in there reporting system. UNC details to 45 is a big gap unless there is some serious tone/crust going on. I have seen near UNC coins graded all over the place when darkly toned.

AnkurJ · December 27, 2014 3:44AM

<< This happens more often than most collectors realize. Sounds like your coin was silently net graded the second time around. >>

That's a big net grade.

Cacoinguy · December 27, 2014 3:56AM

I assumed they werent doing net grading - if i send it in for recosideration without cracking it out it can no longer grade under xf45 correct? Additionally one would think it would be a candidate for upgrade considering it was once deemed to be in unc condition- it has dark blue toning but the details are without a doubt au borderline unc- would you guys resubmit one or more times? Value in xf45-2350 au-4k-6k- i know it does not matter what is on the holder but when im no longer around the grade on the holder will help my mids price it correctly

AUandAG · December 27, 2014 4:07AM

Strange in my eyes....but this is why I collect coins, not slabs. Many of mine will never see plastic while in
my possession.

bob

Cacoinguy · December 27, 2014 4:31AM

I think it will be easier for my family to liquidate my collection graded, ive had numerous disagreements with dealers over a raw coins grade, i think the plastic eliminates most of those fights not all but most

valente151 · December 27, 2014 4:34AM

If you believe in the coin, you're best bet to get it in the "right holder" will be to crack and submit raw. I wouldn't waste the money on reconsideration, there's really only a benefit if there is something special about the holder, particularly if it is an older holder. Instead, if you want the guarantee it won't come back lower than a 45, use regrade service.

I've used all three services, reconsideration a few for green holders and regrade only once on an early half cent where I thought the technical grade was low, but was cautious about the color designation and didn't want to lose it. The majority of the time, I crack and submit raw.

Cacoinguy · December 27, 2014 4:40AM

Valente- what happened with your half cent during regrade? I appreciate the advice from one YN to another

Type2 · December 27, 2014 4:44AM

You had nada to lose when it was in a non graded holder. But now you can give up a graded coin if you cracked it out so are you a gambler? if not dont crack it out send it in for a reconsideration it's the best bet.

CaptHenway · December 27, 2014 4:53AM

<< Strange in my eyes....but this is why I collect coins, not slabs. Many of mine will never see plastic while in
my possession.

bob

>>

Rampage · December 27, 2014 4:59AM

A question I have that has not been asked yet...

Is the coin still a four-figure coin in an XF45 straight grade holder? Is it worth more than the details graded UNC or in the XF45 holder?

291fifth · December 27, 2014 5:47AM

<< I think it will be easier for my family to liquidate my collection graded, ive had numerous disagreements with dealers over a raw coins grade, i think the plastic eliminates most of those fights not all but most >>

This is not the kind of coin you want family members to have to liquidate. It obviously has something wrong with it that causes wild swings in grading opinions.

Don't waste any more money on it. Sell it now that you have it in a graded holder and don't look back.

This situation is a good example of why problem coins should be avoided, especially expensive problem coins.

mozin · December 27, 2014 5:58AM

I would submit this coin for regrade, hardly any cost involved when compared with the potential increase in value to even get it into a AU50 holder. Cracking out such a graded coin is way too much of a gamble.

Sonorandesertrat · December 27, 2014 5:59AM

<< 

<< I think it will be easier for my family to liquidate my collection graded, ive had numerous disagreements with dealers over a raw coins grade, i think the plastic eliminates most of those fights not all but most >>

This is not the kind of coin you want family members to have to liquidate. It obviously has something wrong with it that causes wild swings in grading opinions.

Don't waste any more money on it. Sell it now that you have it in a graded holder and don't look back.

This situation is a good example of why problem coins should be avoided, especially expensive problem coins. >>

I agree with 291fifth. Fights about grade are really about price. Does a slab add value to a 'problem' coin? Of course--it is a guarantee that the coin is genuine. Does the slab eliminate fights about price? Absolutely not---dealers in particular are not thrilled about the prospect of buying other people's problem coins because they are difficult to sell. Without seeing an image, much less the coin in hand, it is impossible to say whether the piece in a 45 slab has about the same value as in an UNC Details slab.

Cacoinguy · December 27, 2014 6:22AM

Believe it or not its worth more in the details holder last couple sold around 4k in unc details holder while xf45 coins bring 2kish

TireKicker · December 29, 2014 2:33PM

<< Believe it or not its worth more in the details holder last couple sold around 4k in unc details holder while xf45 coins bring 2kish >>

Interesting...I do not think I would have seen that coming

Bochiman · December 29, 2014 2:59PM

Can we get maybe at least a date/MM?

BryceM · December 29, 2014 10:16PM

<< Believe it or not its worth more in the details holder last couple sold around 4k in unc details holder while xf45 coins bring 2kish >>

So, apart from the grading fees, what do you have to lose by cracking it out & trying again?

bigjpst · December 29, 2014 11:16PM

<< 

<< Believe it or not its worth more in the details holder last couple sold around 4k in unc details holder while xf45 coins bring 2kish >>

So, apart from the grading fees, what do you have to lose by cracking it out & trying again? >>

What if it comes back XF details?

joebb21 · December 30, 2014 1:13AM

I would love to see before and after pictures

leothelyon · December 30, 2014 1:39AM

You could go with your in-stinks and trust that someone else will agree with your assessments. Having a good understanding on the history of the coin whether it's high end in most of its qualities helps. If you're confident it's an AU58 than sell it as a AU53. Always leave some headroom for the buyer. But stranger things do happen, it could end up in a MS holder.

Leo

DIMEMAN · December 30, 2014 1:56AM

On value it depends a lot on why it detailed. I have several dimes in detail holders that I would ask full price for....because they are QC (questionable color). This shouldn't even affect gradeability, but it does!!

Whereas cleaning or damage would lower value. You didn't mention....unless I missed it....why this coin detailed.

JMHO

Wabbit2313 · December 30, 2014 2:05AM

That is one heck of a drop. There has to be more to the story. My dog can tell the difference between UNC and XF!

PTVETTER · December 30, 2014 3:14AM

crack it out again and send it in thru and with a dealer that has some coins going to be graded.

ricko · December 30, 2014 3:25AM

<< My dog can tell the difference between UNC and XF! >>

MAO.....Good one Wabbit....Cheers, RickO

roadrunner · December 30, 2014 4:27AM

Well, I guess this proves once and for all that coins are net or market graded all the time (ie the TPG's are putting a value on a coin....not just the technical grade devoid of any other inputs).

Send it back if you feel the coin is now effectively under-priced.

And as far as collectors all dumping their key date coins because they have "problems" that wouldn't allow a straight grade? If that's the case then half or more of all 1870-cc quarters and 1874-cc dimes in existence should be immediately sold as unworthy at any price.

Cacoinguy · December 30, 2014 5:42AM

The coin is an 1806 half dollar when i sent it in the first time it came back unc details cleaning cracked it sent it back it got xf45 looks au55-58

strange grading situation

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