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To Cross or Not to Cross…
Theharsh98
Posts: 7 ✭
Would love y’alls thoughts on this. I have this 1795 Draped Bust $1 BB-51 certified NGC XF-45. Here’s a few facts:
Greysheet value with XF-45 and XF-40 is $10,000 and $8,250 respectively.
PCGS price guide sales indicate a PCGS-graded XF-45 could hit around $13,000 (not many recent sales), compared to $10,000 for a XF-40.
The same indicates only about $8,000-$10,000 for an NGC XF-45, and $7,000-$8,000 for an NGC XF-40.
I’m considering submitting to PCGS for crossover, and everything I’m seeing makes me think crossing to PCGS with a min grade of XF-40 makes the most sense (I.e., A PCGS XF-40 could sell for as much as as the NGC XF-45 as-is). If it crosses successfully, could even try for a CAC sticker (note that CAC grading wouldn’t cross at XF-45; tried that already).
Thoughts? To cross or not to cross… and if to cross, at a min of XF-40 or the current grade? If it crosses, the fee would be at least $420 I’m guessing.
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I don’t think that PCGS would cross the coin as an XF45. And even if it would cross as an XF40 (Edited to add: which I wouldn’t count on) I’m not convinced that you’d come out ahead. I’d leave it as is.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Setting aside valuation for a moment, would it being in a PCGS holder make you happier? Are you a collector or dealer?
"Got a flaming heart, can't get my fill"
Here are couple pieces you can use for a comparison.
This is PCGS graded VF-35.
This is NGC graded AU-53.
I would not spend my money to cross it. I don't think that 5 points will make much of a difference.
I don't think that CAC will sticker your coin. I see some light signs of cleaning, which CAC does not like that.
No.
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I don't think PCGS would cross that as a 40 or 45, it's a bit too bright in my opinion. Under normal circumstances, It is often worth a down cross to PCGS for early type coins, but there's certain generations of NGC holders that should probably be left alone. Needs to be evaluated on a case by case basis, but this one should probably be left alone.
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I'd leave it alone. Especially since it was graded 20+ years ago. (Just a guestimate)
Throw a coin enough times, and suppose one day it lands on its edge.
Based on your photos I suspect the coin has been cleaned. Just leave it as is.
If you still have doubts, it might be worthwhile to submit it to CAC and see if they sticker it as a XF45
Cleaned coin. Do not cross.
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I have the complete opposite view than I think you do on this particular coin. You want to maximize value of the coin by getting it in the right holder/sticker, but I think this coin actually belongs in a details slab, and it does not warrant more money being dumped into grading fees. This would be one I’d sell as is, and potentially take the loss just to move on from it. I’m fairly certain cac would details this coin, and so you’ll have no chance of getting a sticker at any grade. Pcgs could easily detail it as well.
If this is a coin for your collection, take a look at the 2 coins Bill Jones posted above and strive for one original like those.
I don't like to be controversial but I'll be honest and say that this coin looks cleaned. It's definetly a cool coin.
If it's in a straight graded holder your lucky for that.
Whatever you decide to do I wish you luck. If you were not looking for opinions I would not have given mine.
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No would keep as is. If for some reason cross would specify min grade XF45.
Would likely price around CDN CPG - XF45 money assuming it’s a straight graded coin. (Retail and cost code). Would possibly be negotiable (to move it) depending on room have in it. Bet it would be only one in bourse room (a huge plus). Definitely a nice coin to have in inventory.
However highly likely sell it to one of my retail clients (a private sale) b4 it saw daylight of a show.
The thing about that kind of big ticket material if you don’t have a buyer lined up one could be holding it a long time. Not a good situation.
the lighting is harsh and there is glare
can you take better shots?
I only gamble on stuff like this when I feel confident.
Your coin does not look 100% original in the NGC slab so I wouldn't take the chance or spend the money.
Click on this link to see my ebay listings.
It wouldn't need to be 100% original to cross, but I'm not even seeing 10%. Save the money on any sticker or cross fees, and I don't think better photos are even necessary.
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humor the newb
I don't think that the 1795, Centered Bust Dollar, in NGC AU-53 is orginal, but I find it attractive. it was dipped long ago and has gotten some new toning.
This one has been fooled with more. It's okay, but not exceptional overall, aside from the detail. NGC graded it AU-50 over 20 years ago. I bought it raw in the 1980s. The difference between the 1795 in AU-53 and this piece is the amount of mint luster that is left on the coin.
1795 dollars can't be compared to later dates, they are almost universally very well struck and PCGS takes that into account while grading (NGC seems to use the same standards for all small eagle dollars). The OP's coin is a VF30 at best and I suspect that's where it would cross at PCGS. It's obviously cleaned, but I've seen a lot of egregiously cleaned dollars in straight graded PCGS plastic so that doesn't necessarily preclude it from crossing.
For comparison, here's an XF45 PCGS example that recently sold at Heritage. Cleaned and net graded, but pretty typical for a 1795: