Do you crack NGC CAC coins prior to sending to PCGS or do you send in for Crossover?

Comments

• Boosibri Posts: 12,498 ✭✭✭✭✭

  May 1, 2016 3:54AM

  Depends on the coin... if low risk I'd crack to avoid the guarantee premium. If high risk, say a coin at a jump grade in an NGC holder, I would not crack as the downside risk far outweighs the upside.

  Latin American Collection

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• panexpoguy Posts: 1,239 ✭✭✭✭✭

  May 1, 2016 4:13AM

  I have not kept exact records, but I definitely have had more success cracking out rather than crossing over. If I have faith in a coin bought in an NGC holder it is because I think it will grade the same at PCGS, or maybe do even better. Since I like the coin, I take the chance on the grade.
  

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• TopographicOceans Posts: 6,535 ✭✭✭✭

  May 1, 2016 4:49AM

  Originally posted by: Boosibri
  Depends on the coin... if low risk I'd crack to avoid the guarantee premium. If high risk, say a coin at a jump grade in an NGC holder, I would not crack as the downside risk far outweighs the upside.

  
  Spot on
  I really hate the guarantee premium

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• ranshdow Posts: 1,445 ✭✭✭✭

  May 1, 2016 5:19AM

  Crossover all the way. The risk/reward is too skewed towards risk of a bad outcome. If the cross doesn't make sense with the crossover fees, guarantee premium, and round-trip costs to PCGS and possibly CAC, then re-think the cross.

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• mozin Posts: 8,755 ✭✭✭

  May 1, 2016 6:05AM

  Originally posted by: ranshdow
  Crossover all the way. The risk/reward is too skewed towards risk of a bad outcome. If the cross doesn't make sense with the crossover fees, guarantee premium, and round-trip costs to PCGS and possibly CAC, then re-think the cross.

  
  
  
  
  
  

  I collect Capped Bust series by variety in PCGS AU/MS grades.

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• mercurydimeguy Posts: 4,625 ✭✭✭✭

  May 1, 2016 6:09AM

  Just to clarify, I'm asking only about NGC coins with a CAC sticker, not plain NGC coins.

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• IrishMikey Posts: 1,561 ✭✭✭

  May 1, 2016 6:25AM

  I haven't handled enough NGC CAC pieces to give a good answer. With non-CAC NGC coins, I ALWAYS crack them out before sending them to PCGS. Since I am either looking for an upgrade or an added attribution (yes, NGC misses good varieties all the time), there is no reason not to crack them.

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• DollarAfterDollar Posts: 3,215 ✭✭✭✭✭

  May 1, 2016 6:25AM

  When you crack a coin there's the risk that every Grader who ever see's the coin again may hate it and getting back to square 1 might never happen. On the flip side doing a crossover gives Graders 1 decision, yes or no.
  
  I like the idea of starting with a clean raw coin where Graders are "forced" into doing their job but as was stated, that depends on the coin. It's a very slipper slope.
  
  The best policy is to buy the coin in PCGS plastic already or accept the NGC, CAC combination unless you grade like a God.
  
  

  If you do what you always did, you get what you always got.

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• DIMEMAN Posts: 22,403 ✭✭✭✭✭

  May 1, 2016 6:34AM

  Originally posted by: mercurydimeguy
  Just to clarify, I'm asking only about NGC coins with a CAC sticker, not plain NGC coins.

  
  
  It doesn't really matter.....PCGS doesn't care a bit about stickers. Just saying.
  
  

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