To crack or not to crack.
Vasanti
Posts: 458 ✭✭✭✭
I have a good number of common date Morgan and Peace dollars in old ANACS holders that I want to cross over. They all have various degrees of rim toning and some are toned over the entire surface. Given the recent high number of questionable color rejects with PCGS, would it be better to submit these in their existing holders, or would it be better to crack them and submit them?
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Comments
If they're in the old white "soap bar" holders, I would go for crossover vice cracking them out.
If the tarnish is an issue, probably better to submit in the old holders, that way they would be inclined to attribute it to the slab. Or, you could crack and dip.... Cheers, RickO
Me personally, I would send them in as a crossover instead of raw. It will show the graders it’s non-Genuine by ANACS standards, submission would just cost a bit extra per coin. PCGS charges 1% of coin value on top of their per coin fee for crossover.
Just some things I would consider.
Yeah, these are the old “soapboxes”. I’m most inclined to just cross them over.
If they won't crossover at the same grade and you prefer keeping with their( anacs) old standard (which I find fair) , leave them in the holder. Let PCGS do the dirty work.
I love the old Soapbox holders.
If you send them in their holders they will come back to you either in PCGS holders or in the old, white soapbox ANACS holders vs. if you crack them out first they will come back to you either in PCGS holders or raw. Which option is more attractive to you?
In honor of the memory of Cpl. Michael E. Thompson
If there is nothing truly special about the coins where they will gain much more value, then in my opinion, leave them in the soapbox holders. That's where additional value will be if not in the coins.
Actually they will come in a details holder.
You also have the option of declining a details holder on the submission form, which would send them back raw.
In honor of the memory of Cpl. Michael E. Thompson
Sounds like you are about to spend a lot of money and lose some value, I hope you get some great grades to make up the lost value.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I’m not worried about the value. My collecting fun is from completing checklists and I like the PCGS registry, so I want them in PCGS holders. It’s just what I enjoy, it’s not about the money. I also get enjoyment out of sending stuff for grading and I know I’m going to lose money on it. I have the #3 registry set for 21st century coins because I lost money chasing top pops by sending in mint sets for grading. It was a terrible financial decision, but I didn’t do it to make money, I did it because it’s fun.
It seems the bottom line is you want the coins in PCGS holders, hopefully not with labels that say questionable toning or in body bags. Since no one can say definitive whether leaving them in the holders or cracking them out leads to a better result I say leave them in the ANACS holders and let PCGS do the work of cracking them out.
Thanks. This makes sense. I guess I just specify a minimum grade and it doesn’t meet it then they don’t crack it out?
Well as the plastic is your only concern then it makes sense to carack them all and send raw. If not you risk getting some back in the old holders which you seem to want to get rid of. Sending in the holder and specifying a min grade almost guaranties you will get some of the coins returned in the ANACS holder.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The plastic isn't the “only” concern. It’s not really a “concern” at all. If they don't cross, I’ll just unload them.
I think you would find more value keeping them in the soapbox holders.
Cross at ANY grade. That way you don’t end up with a problem on your hands. ANY is a code you put on the form for any numerical grade. If they think the color is a problem you get your coin back in the ANACS holder.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
If the goal is inclusion in your PCGS registry set, cross at ANY grade makes sense.
I have noticed recently that more "major" dealers are listing old ANACS soap box holders on their websites. This would have been verboten among many "major" dealers in the past. We all know the old ANACS soap box populations are decreasing. Maybe down road the old ANACS plastic might add value?
I, however, am quilty of cracking a few out that did straight grade.
Do youself a big favor, just sell the coins that you have and buy the coins in the PCGS holder!
Are you willing to take the risk on crossovers? Not to mention the wait for this to happen? Why wait up to 3-4 months for PCGS to do this
Just sell them and buy new, avoid the hassel
JMO
Mike
My Indians
Danco Set
To me you seem to be talking in circles, first you say that you want them in P plastic, so that signals that the plastic is a prime concern and the entire motivation to cross; i.e. the only concern. You go on to say that cost is no concern as you have done similar things regardless of the cost or value. Then you say that the plastic is not the issue and if they don't cross you will just "unload" them. So which is it, do you want them in P plastic or not, I'm confused. Please do not take this as an attack, I just don't understand why you want to go about this in this way, if these are as you say common dates then it will not be difficult to locate them in P plastic.
If you want these specific coins in P plastic then crack or cross at any grade, boom done. Your plan seems to be one that involves the most cost, most lost value, and incurs the greatest amount of time to complete. You would be far ahead of the game to simply sell these coins, which would maximize the value given the number of collectors that want and value the old holders, and then purchase the coins you want in the plastic you desire. IDK, I guess I'm just too logical or too cheap.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Down the road these 1st generation ANACS holders with the gold foil reverse will bring a nice premium to today's prices as supplies dwindle....esp. if the coin in the holder is really nice for the grade or a possible + or upgrade. They could bring more than "generic" PCGS coins in the same holders. The will always be more "collectible" imo than generic PCGS or NGC.
Frankly, unless they're graded 65 or higher, I would just leave them alone. The grades of MS62,63,64 are almost meaningless between old ANACS, old Hallmark, NGC, and PCGS. In these cases it's more important on the condition and eye appeal of the coin....regardless of holder.