Resubmitting Graded Coins
NorCalJack
Posts: 593 ✭✭✭✭✭
So I just purchase a 1895-S Morgan Dollar F-12 in an NGC holder. I have a raw Dansco set I am filling in and will be cracking it out. If I end up leaving this to my heirs, can then send the raw coin and the label to NGC and will they reholder it with the same grade? When you type in the cert number it does have a photo so they should be able to see that it is the same coin.
Would PCGS do the same if the coin had a Trueview. Just curious if anyone has done such a thing and how did you experience go?
Here is my Washington Quarter Variety Registry Set
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No. All bets are off once you crack it out of the holder.
That said, I would definitely keep the tag. Especially if it has the TrueView or equivalent, or a traceable auction appearance. I would suspect this will help your heirs a lot if you explain what they have.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
I've heard of people saving the tags on the slabs, i think it says something doing that
No on both, once you crack it out that coin is raw and the tag is meaningless at the TPG. Once you crack it damage could happen, you could drop it, slide marks from the album slides, environmental damage from poor storage, and more. As such the TPG's will not care or consider the tag if you or your heirs send it in with the coin for grading in the future. They will simply deactivate the old cert and throw it away.
Many people do hang onto the cert tags/inserts, you certainly can as well. But the question for you is how important is the TPG pop data to you. Everyone that does not return the tag when cracking out a coin shares responsibility for how out of whack the pop reports are. I think the better solution is to take a photo of the tag and save that for your records and return the tag. Considering just how things like this are being looked at from a taxation standpoint you need to hold onto your purchase papers. Between your receipt(s) and the photo that should be sufficient for your heirs.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Once the coin is cracked out it is raw ... period.
this is true for gold shield graded coins even
This is the bottom line---if you crack out a coin and then resubmit it for grading to sell it, there's no guarantee that it will get the same grade even if you include the old label. The only guarantee is that you'll have to pay for insured shipping and the grading fees again.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's a F12 so the only thing a slab gives you is that it is genuine, resubmitting it as raw, cracked means that you gave up the authority of NGC to say that but in reality it is genuine, so with the tag and photos I don't think it hurts too much, enjoy the coin, I cracked out a 87-S Morgan for my type album.
Above a certain price level, the majority of collectors want to buy coins that are slabbed.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What if you take a video of the cracking and submit that video even a decade from now?
It would seem NGC or PCGS should not just take the word of the owner/submitter but also have video proof it is the same coin.
The grading company wouldn’t have any guarantee that the condition of the coin was unchanged from the time it was cracked out to the time it was submitted. So proof it it being the same coin would be largely, if not completely immaterial.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
There is no guarantee once you crack the plastic.
Well, that isn't favorable news.
all of this came up in the beginning of secure plus era and the answer was the same