Results of the regrade of the little bears coins
Bear
Posts: 18,953 ✭✭✭
As the story goes, bears coins were divided into 3 portions for presorting. I sorted the first,
Mike Feld sorted 4 coins in the second portion, and David Hall sorted the third portion.
The results are as follows: The bears presort - 0 for 12
David Hall presort 0 for 9
Mike Feld presort 1 for 4 1936D San Diego Commem MS-66 to MS 67 Purchased from
Mike DeFalco
I have strong disagreement with the results of the Gods of Grading and have sent off 11 coins
for Presidential review.
With the one upgrade, I have broken even on the costs of all of the regrades. I guess in this game,
you win when you break even. anyhow a big round of applause for St Feldolini.
By the way the San Diego when purchased from Mike DeFalco at a MS-66 price, I was told by him that one day
the coin will be in a 67 holder. It is a magnificent golden bronze color rim to rim, lighter in the center
and the luster is booming and a mile deep on both sides. The interesting thing is that I tried a regrade on this
coin a while back and it failed to upgrade then. It showes that even PQ undergraded coins are subject to the
same vageries as the human psyche is. No one is perfect, all we can do is keep trying to be better then we are.
If you believe that your coin is not in the proper graded holder, then be persistent.
Some may say that the coin remains the same so why go to the trouble of regrading them. Those who say buy the
coin and not the slab may be wrong. You buy the coin first but also must consider the slab.The proper grade on a
coin does effect its value, its ease of sale and gives a sense of satisfaction to the owner. Since I buy coins in the
upper third of a given grade, they are PQ to start with, even if the cost is higher then Gray Sheet. If by some chance
I buy a coin at the top of the upper third, then you have a candidate for upgrade. Is this so different then someone
cherry picking proof sets for AH 64 Kennedies, or rummiging thu mint sets for Frankies or even looking for rare
varieties. Anyway, these are the results and my reasons for regrading my coins.Sometimes your the windshield
and sometimes your the bug.
Mike Feld sorted 4 coins in the second portion, and David Hall sorted the third portion.
The results are as follows: The bears presort - 0 for 12
David Hall presort 0 for 9
Mike Feld presort 1 for 4 1936D San Diego Commem MS-66 to MS 67 Purchased from
Mike DeFalco
I have strong disagreement with the results of the Gods of Grading and have sent off 11 coins
for Presidential review.
With the one upgrade, I have broken even on the costs of all of the regrades. I guess in this game,
you win when you break even. anyhow a big round of applause for St Feldolini.
By the way the San Diego when purchased from Mike DeFalco at a MS-66 price, I was told by him that one day
the coin will be in a 67 holder. It is a magnificent golden bronze color rim to rim, lighter in the center
and the luster is booming and a mile deep on both sides. The interesting thing is that I tried a regrade on this
coin a while back and it failed to upgrade then. It showes that even PQ undergraded coins are subject to the
same vageries as the human psyche is. No one is perfect, all we can do is keep trying to be better then we are.
If you believe that your coin is not in the proper graded holder, then be persistent.
Some may say that the coin remains the same so why go to the trouble of regrading them. Those who say buy the
coin and not the slab may be wrong. You buy the coin first but also must consider the slab.The proper grade on a
coin does effect its value, its ease of sale and gives a sense of satisfaction to the owner. Since I buy coins in the
upper third of a given grade, they are PQ to start with, even if the cost is higher then Gray Sheet. If by some chance
I buy a coin at the top of the upper third, then you have a candidate for upgrade. Is this so different then someone
cherry picking proof sets for AH 64 Kennedies, or rummiging thu mint sets for Frankies or even looking for rare
varieties. Anyway, these are the results and my reasons for regrading my coins.Sometimes your the windshield
and sometimes your the bug.
There once was a place called
Camelot
Camelot
0
Comments
Bear, sorry about the disappointing results, but, that doesn't take away from the excellent overall quality and appeal of your coins.
<< <i>Is this so different then someone cherry picking proof sets for AH 64 Kennedies >>
I'm pretty sure that right is affirmed by The Constitution.
Russ, NCNE
roadrunner
If they have Jelly donuts for me to munch on.
Camelot
Tom
See you in January!
Tom
Camelot
Clankeye
Based on what you showed me at the show (honestly great quality with wonderful eye-appeal), and what you told me DH selected for re-grade, I must say I am surprised at your results. However, this is why the "upgrade" game is not for me....and I am sure Mark would echo this sentiment. You must remember, when you have someone from the grading service review your coins, they are inherintly biased to suggesting you send coins in......and this is NOT a shot at anyone, but merely a fact.
I've seen the coins you own and buy Bear, and you have a great eye for quality and eye-appeal. Do not change your outlook or what you elect to buy. Just understand that upgrading can cost a great deal of money.
Mike Printz
Larry Whitlow, Ltd.
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
Wondercoin
<< <i>Hey Bear: At the Lunch table the first day of the show, I was shown a box of roughly 15 PCGS slabs from a board member and asked which could upgrade, if any. I selected (3) coins from the box BUT insisted they be cracked out at the lunch table and submit in flips. We pounded the h-ll out of those slabs to bust out the coins (because we didn't have the right tools) and submitted them. 2/3 upgraded and added at least $2000/coin to their value (they were worth less than $100/coin in the wrong graded holder)
Wondercoin >>
Mitch- were those the coins broken out on Thursday? If so, I'm VERY impressed as I didn't see any of those three upgrading. NICE!
peacockcoins
That was fun watching you guys bust those slabs though! The waiters had that cartoon look in their eyes as they had no idea what was going on.
peacockcoins
<< <i>By the way the San Diego when purchased from Mike DeFalco at a MS-66 price, I was told by him that one day >>
<< <i>the coin will be in a 67 holder. >>
If Mike say's it will, IT WILL!!! He's THE MAN!!!
Anymay, Mike owes me lunch at a certain deli and I am holding him
to that promise.
Camelot
<< <i>Anymay, Mike owes me lunch at a certain deli and I am holding him
to that promise. >>
Must be talking about my favorite one. Canters? Hey can you come pick me up?
1882 CC PCGS DMPL-MS 66 and 1885 CC PCGS DMPL MS-66.
These coins were deeeeppp mirrors and clean devices. The reason
I know that they were nice ,was that some time back, I bought them from
the same Mike DeFalco. As for Mark, I hope to buy a special coin from him as soon as
it comes back from grading. As for Mike Prinz when ever he sees me at a show, he grabs me by my little paws
and shakes me untill all of my money falls out. He counts the money and tells me, here you bought some coins.
When your a little bear, its hard to hold on to your money. I was hoping that Woodie would protect me
from such depredations, but he was running around the floor like a crazed squirrel looking at coins.
Didnt get anything from Laura at the show but called her up to day and hope to see 1-2 of her
wonderful Newps, in a few days. Well, that is, I guess most everybody got a piece of the bear this time.
Even Larry Shepard made me buy some of his wonderous Commemorative Half dollars. I am just like the
US Government now, can you say DEFICIT SPENDING!!!!
Camelot
<< <i>As for Mike Prinz when ever he sees me at a show, he grabs me by my paws and shakes me untill all of my money falls out. He counts the money and tells me, here you bought some coins. When your a little bear, its hard to hold on to your money >>
Sounds to me like Mike is guilty of a "bear" shakedown, there. But, I suppose that's preferable to a "bare" shakedown!
Mike
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
Camelot
Clankeye
i guess it's good that you broke even but the nature of sending in coins multiple times is just a bit counter-productive to a degree. i mean, it forces the question of what a particular coin's grade really is. some insist that the way to go is to resubmit a coin until it receives the grade you think it is---want---while another point of view might be that if you're certain of the grade you've assigned, why not crackout the coin for reappraisal? that would be a better guage of confidence. having sent a coin in multiple times and getting grade "A" two or three times before grade "B" makes me assume the coin might in fact be grade "A" in the first place. don't we always think better of our coins than others do and use the grading services for that unbiased opinion we trust?
then there's always the option of sending in to certain services where you know you'll get a higher grade!!
al h.
advice of a former PCGS grader, who also concurred as to the coins true grade. Why it is
sometimes necessary to send a coin in twice to get the grade is open to speculation. The coin,
however is now properly graded and I am pleased.
Camelot
here's what i find interesting about your original post and your last reply:
The results are as follows: The bears presort - 0 for 12
David Hall presort 0 for 9
Mike Feld presort 1 for 4
The interesting thing is that I tried a regrade on this coin a while back and it failed to upgrade then.
I had the advice of a former PCGS grader, who also concurred as to the coins true grade.
Why it is sometimes necessary to send a coin in twice to get the grade is open to speculation. The coin,
however is now properly graded and I am pleased.
in effect, what your telling me is that with the first three rounds of "sortings" some top graders were wrong in their assessments, except for the coin which upgraded. ironically, the same graders/grading company which was right on the coin this time with the upgrade had been wrong on it twice before.
it's easy for me to understand why you referred to it as a game, the same as many others have dubbed it in the past. the San Diego now having been graded by the same company three times and various experts, i would say that at best it's true grade is a matter of speculation and if you are truly the specialist you believe yourself to be, crack the coin out and send it in again. but that won't happen since there isn't any game, or is that gain left!!
al h.
it's just a matter of time until they're all done migrating and can't go any higher.
Liberty: Parent of Science & Industry
SAN DIEGO - GAME OVER.
But, plenty of games to go - everyone can play. And, no experience necessary to win. Just like the Carnaval
Wondercoin
Mike
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
Keets: One final comment. This is not figure-skating. A "perfect" 10 is not the goal. For me, if I am right just 15% of the time on upgrade shot coins, I do fine overall. At 20%, I do fantastic and at 25% one can "get rich". Seriously, keep that in mind - just like Baseball where a consistent 3/10 is "Hall of Fame" material
Wondercoin
<< <i>Bingo Bailey. >>
Bingo Bailey... I like the sound of that! Always looking for new characters. How do you feel about a sea cruise, Bingo?
Clankeye
Mike Printz
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
Clankeye
Marc
FinallyThere??? WOW....I guess I was expecting something a bit more profound. But, an honor nonetheless to be in your "tales".
Mike
Harlan J. Berk, Ltd.
https://hjbltd.com/#!/department/us-coins
is there an open bar on the ship?
how about a numismatic library?
Liberty: Parent of Science & Industry
Camelot
Do we get to gamble with real cartwheel silver dollars? Where only pre 1965 major coins are used? Soak in a jucuzzi and compare our circulated Indian Head cents and or buffalo nickels.
I would sign up for such a cruise. Now as far as my spouse is concerned she'd rather send me to the funny farm.
Camelot