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Post your some of your upgrade stories
jbsteven
Posts: 6,178 ✭
I like to hunt down Morgans to crack them and send them in for a upgrade. I usually only will send in a coin once. Tell me some of your upgrade stories with prices you paid, what grade you bought them at, what holder and then what you sold them for.
1. I like this one. I bought a 80s Morgan in a rattler ms66 holder at the last Long Beach for a premium which was $250 (greysheet at the time was $170). I put the coin in my case and a dealer came around and asked about the coin. I told him it was $325 because I believed it would upgrade to a ms67. He told me he had been buying Morgans for over 20 years and it would not upgrade. Well, it went to PCGS the next morning and upgraded to a ms67 and was sold immediatley for $650 to another dealer.
2. I was leaving the same LB show Sunday morning and picked out a 81s in ms66 in the second gen PCGS holder. Sent it into PCGS and it came back a ms67 sold for $675 immediately in Chicago.
3. I bought a 1885 O in a ms66 NGC holder from a dealer in Houston. I sent it into PCGS the cross and it did. I sent it in another time RAW and it came back a ms67 (pop top). It was bought for $250 and sold in the PCGS ms67 holder for $1500 on Ebay.
Of course I have had coins come back the same grade but not one has come back lower than what I sent it in after cracking it.
Let's here your stories. I might add some others if I remember them. Remember, buy the coin, not the holder
1. I like this one. I bought a 80s Morgan in a rattler ms66 holder at the last Long Beach for a premium which was $250 (greysheet at the time was $170). I put the coin in my case and a dealer came around and asked about the coin. I told him it was $325 because I believed it would upgrade to a ms67. He told me he had been buying Morgans for over 20 years and it would not upgrade. Well, it went to PCGS the next morning and upgraded to a ms67 and was sold immediatley for $650 to another dealer.
2. I was leaving the same LB show Sunday morning and picked out a 81s in ms66 in the second gen PCGS holder. Sent it into PCGS and it came back a ms67 sold for $675 immediately in Chicago.
3. I bought a 1885 O in a ms66 NGC holder from a dealer in Houston. I sent it into PCGS the cross and it did. I sent it in another time RAW and it came back a ms67 (pop top). It was bought for $250 and sold in the PCGS ms67 holder for $1500 on Ebay.
Of course I have had coins come back the same grade but not one has come back lower than what I sent it in after cracking it.
Let's here your stories. I might add some others if I remember them. Remember, buy the coin, not the holder
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Bought a PCGS PR67 Accented Hair for $37, again because I thought PCGS blew the CAM designation. Cracked out, resubmitted, now in a 67CAM holder. Kept that one, though.
Russ, NCNE
Sent it to pcgs for crossover it came back dnc-thumbed.
I cracked it out and sent it back to pcgs and it came back in a bodybag as wizzed-cleaned.
I sent it to anacs and it came back ms65.
Sold it for $74 and about broke even.
At the 2003 FUN show I submitted a resubmitted a very PQ64 $20 Lib that I had bought just before the show for $950. No one paid any interest to it as it sat in the 64 holder. One knowledgeable dealer who used to grade for PCGS said it would not upgrade. I wanted at least $1300 for the piece and got no looks. When it came back as a 65 the next day I sold it to the same ex-grader for
$2400.
Of course I don't want to talk about the ones that when cracked come back body-bagged as AT'd. Those only depress me.
My favorite story (told before here) is the raw 64+ 1838-0 dime that got 3 diff grades in 2 months. First time I got it graded it received the right grade (NGC64). Next time it went out it went PCGS63. No one would touch it for 2/3 of what I paid. A month later when hoping to get it back to a 64 holder it went NGC 65. Sold it for $15000 (over twice what I paid) and at the time it was the first 65 piece graded.
roadrunner
Experience the World through Numismatics...it's more than you can imagine.
I'm going to submit several of my Peace $ for upgrade @ Long Beach as was wondering if the percentage chance of upgrade increases with the higher level service I pay for.
Any thoughts or real world experiences?
Thanks
Michael
Les
I really don't think it matters what you pay.
<< <i>Okay --- here's the real question -- Under what service level was the coin upgrade, economy, regular, same day?
I'm going to submit several of my Peace $ for upgrade @ Long Beach as was wondering if the percentage chance of upgrade increases with the higher level service I pay for.
Any thoughts or real world experiences?
Thanks
Michael
>>
ahhh the smell of coffee...
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
<< <i>Under what service level was the coin upgrade, economy, regular, same day? >>
All of mine have been economy or modern.
Russ, NCNE
1) I hit the BIN on a war nickel set on eBay for $55. I sent 5 to NGC and they all came back 67*, I sold the whole group
including the raw ones I had left for $1200 to a dealer. The dealer got the 43D & 43S to cross to PCGS as 67FS, they
were rainbow toned.
2) I bought a 50S Roosie off ebay ICG MS68 for $90. The photo made the coin look brown. When I received it the obverse
was 100% toned in light rainbow colors. I sold it to a dealer for $600. The dealer cracked it and PCGS also graded it MS68.
3) I bought a 1954 broken mint set on eBay for $135. Replaced the dime (54S) with another one and sold the mint set back on eBay
for $175. Sent the dime to ICG and it graded MS68, Sold it to a dealer for $2500. Its now in a PCGS MS68 holder pop 1.
By this time I learned to quit selling the damn things and send them to PCGS myself.
4) I bought a 46S & 55D roosie raw on eBay for $35 each. But this time I learned my lesson so I sent them to PCGS myself.
The 46S was graded MS68 and the 55D was graded MS68FB. I still have both.
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