Have you done this ?
Freak1c
Posts: 714
I am conducting a personal study of individuals who have taken a slabbed coin, cracked it out, and resubmitted the coin back to PCGS or NGC. Also, did you turn in the slip that came with the coin you resubmitted ? As we know, this could be a beneficial factor in the pop report. Lastly, how many times have you submitted the same coin ?
Tom
Tom
0
Comments
<< <i>Wow, I don't think that's been done before. It will be interesting to hear what people have to say!
Wow, X, sounds like a great idea - somebody should try this
Seriously, though, Tom - the crackout game has been going on for as long as coins have been slabbed. Sorry to poke fun at your expense, but it was just too easy
The 2 largest TPG's like to get their inserts back on crackouts, for as you say the practice does affect pop reports. In fact, on truly rare borderline coins, they have been cracked out and resubmitted so many times that it is a popularly held fact that pop reports are almost meaningless. Less of an effect on high pop coins, like an 1880-S Morgan 65 going for 66. People even do that, but will usually reserve the crack outs where there is a large enough delta of price in one grade up, and minimal exposure on one grade down. People also crack out coins to cross over to another TPG in the case where they think that the existing holder would prejudice the new grading company.
I, for one, have NEVER engaged in the crack out game
I hope that helps. Again, my apologies for the mild ribbing.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
People also crack out coins to cross over to another TPG in the case where they think that the existing holder would prejudice the new grading company.
This is part of my point when submitting suggestions to the TPS's. Part of my argument is the existence of a pop report. Rarity and condition is a collector's concern when investing. Now if collecting is the only concern then it does not matter. Being that grading is subjective, I feel the TPG's, if keeping a pop report, must have measures in place to determine if a coin has been submitted two, three, four, a hundred times. Just my opinion.
Tom
sent it back to PCGS. It again came back AU58. One year later I sent back raw to PCGS again and it came back MS62.......
I did not turn in the NGC or PCGS AU58 certs... yet. I might at some point but for now they sit framed in a flip as a reminder of the event.
Great transactions with oih82w8, JasonGaming, Moose1913.
John Albanese, the founder of NGC, is on the record as saying that "... If I had it my way, I would have probably eliminated the census reports."
The only measure in place is the (completely) voluntary return of the inserts.
Now, if slabs were designed to destroy the coin in case of unauthorized removal from same...
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
so that coin has rub? In other words, they got the grade correctly
a majority of the time?
People selling coins with rub as MS is a bane on this hobby.
Yes ! I believe the intent was to have an accurate count of coins submitted for grading and inventoried. However, this is not the case. So why do they continue the pop report ? Is there a way to record the coin as it comes through ? Wouldn't it be nice to know just how many of a particular coin has come through the TPG's ? Or am I alone on this ???
Tom
that alone is useful to many people.