Ever have a good long laugh when you got grades....(pics added)

Peaceman · November 13, 2008 2:50AM

All normal Peace $... cracked out of Ngc and Pcgs 65 holders with a feel at least 2 can 66...

1 1 12422912 7357 1922 $1 US MS64
2 1 12422913 7358 1922-D $1 US MS63
3 1 12422914 7360 1923 $1 US MS63
4 1 12422915 7360 1923 $1 US MS64
5 1 12422916 7363 1924 $1 US MS63 (green 65 holder)

What no BB?..lol..So lets see....

Cost of coins bought: $ 984.00
Cost of submission/shipping: $ 130.00
Total: $ 1,114.00

Now worth just over 10% of that...

Anyone here noticing more now than ever:
* Grading being very tight...
* More crossovers NOT crossing...
* More BB...

Maybe it's just me...

I'm done submitting for awhile...

Anyone want to buy my 1923 MS-63 peace $ for $ 37.50?????

How about my 1924 MS-63 for $ 37.50.... any buyers...????

What about this garbage 23 in MS-64... $ 42 anyone??? ummmm the 63 looks nicer....lol

I encourage anyone here to post a Peace $ THIS LARGE and see what it looks like...
Stop looking and my worthless junk... go buy this PEFERCT.... MARK FREE MS-67 on Heritage instead....

Yea..... ok...

NHSBaseball · November 13, 2008 2:56AM

Been there- and recently.

doh · November 13, 2008 2:57AM

Cracking might not have been the best idea....

SUMORADA · November 13, 2008 2:58AM

OUCH!

coolest · November 13, 2008 2:58AM

I will say that in the last set of Jefferson nickels I sent to be graded I was sure (slam-dunk) that 3 of the coins would be graded full step. None were graded full step.

tjkillian · November 13, 2008 3:50AM

Wow, that sure left a mark. Quite surprising as they pride themselves at being consistant. Clearly not in this case.

Sorry to hear your results.

19Lyds · November 13, 2008 3:53AM

You lose!

Shouldn't have cracked them!

Bochiman · November 13, 2008 4:00AM

Ouch!

I've only done a few submissions but I have kept mine uncracked as I feel that, if I play the game and lose, at least they don't go down

Meltdown · November 13, 2008 4:01AM

I guess it's better to laugh than cry. I have a few submissions out right now and I'm a bit worried about the results.

coinnuttius · November 13, 2008 4:16AM

Sorry. Cracking is an ugly game.

I deleted the wise-ass remark about the grading set being out for holder re-shining.

slipgate · November 13, 2008 4:20AM

It looks like PCGS is regrading to get stickers!

Walmann · November 13, 2008 4:28AM

Whether for tears of laughter or the other kind.

EvilEmpire · November 13, 2008 4:36AM

I agree with Bochiman. I have about 20 various NGC and ANACS slabs that, I, like you, thought COULD cross and perhaps a handful COULD upgrade. I specifically left them in their slabs for the simple reason they CANT drop in grade, and I get NO BB's!! ONLY when I see how the submission goes, will I even THINK of cracking and submitting. Thats a tough hit you took, and, just perhaps they are tightening up (2 points worth on an OGH is tough to swallow, though). My condolences.

19Lyds · November 13, 2008 4:44AM

<< It looks like PCGS is regrading to get stickers! >>

I seriously doubt that since PCGS collects their fee's regardless of how a coin grades.

StopYurWhining · November 13, 2008 4:47AM

save your money; keep them in their original packaging.

zeebob · November 13, 2008 4:55AM

Gave up over $1200 in grading fees to PCGS. About half the raw coins graded, all but two or three cross overs BB'd. PCGS came out ahead on that one.

STONE · November 13, 2008 4:57AM

<< Gave up over $1200 in grading fees to PCGS. About half the raw coins graded, all but two or three cross overs BB'd. PCGS came out ahead on that one.

>>

I see no problem with this coin, unless the image is hiding something.

BlindedByEgo · November 13, 2008 5:01AM

Well, for what it is worth - I've got probably 50 coins that I would LIKE to send in for grading or crossover - including an almost-red, gorgeous 1877 PF65 RB IHC in NGC. But since I have no current compelling need to "make" any of the coins - I'm not a dealer, and don't care THAT much about the registry - I'm holding off.

Yeah, it would be nice to add the 3 Proof IHC's to my registry, but why on earth would I submit coins right now? And, if there are a thousand other folks in my shoes this year, it's costing PCGS a couple of million in revenue... That's 5% of CLCT's overall revenue.

I like the fact that PCGS keeps their brand identity strong by being perceived by the market for tight grading... But when advanced collectors and even highly knowlegable dealers feel consistantly beaten up with (perceived) overly tight grading, the pendulum may have swung too far.

I'm really looking forward to reading ecstatic posts about fair grades being received on awesome classic coins... Maybe there have been some recently; maybe I just missed them.

YaHa · November 13, 2008 5:03AM

That's worse than being Bit$h slapped where the person doing it wasn't even there.

OUCH!!

GoldenEyeNumismatics · November 13, 2008 5:05AM

Ouch.

Fairlaneman · November 13, 2008 5:16AM

The way to beat PCGS tight grading is to be a tighter grader than them. Demand "your" grade when buying and dismiss all of the hype from the seller.

Ken

bushmaster8 · November 13, 2008 5:46AM

Day-um!

It's not like you were dabbling in a series you know next to nuthing about too!

Amigo · November 13, 2008 6:21AM

I've recieved 4 submissions back in the last 2 mths. I have been overall very happy with the grades with a very low BB ratio. They are all classics.
The only problem I had was on a RB penny which I swear is all natural toning - returned for Questionable Color. Personally, I think they are ultra conservative right now on Copper.

Broadstruck · November 13, 2008 6:39AM

<< You lose!

Shouldn't have cracked them! >>

mkman123 · November 13, 2008 6:41AM

man that really sucked! Don't crack anymore guys, let that be a lesson

jdillane · November 13, 2008 7:12AM

That hurts!!

Having sent a gaggle of DBHE dollars and one FH dollar to NGC a couple years ago, only to have each and every one BB, I feel your pain. (IMO, only 2 seemed questionable.) Resubmitted all but the 2 questionable to PCGS and they all slabbed.

Are you going to resubmit the two that you thought had a shot at 66?

Barndog · November 13, 2008 7:13AM

sometimes I got a laugh at coins that actually received a grade...when they were thrown in to fill out an order (back when you had a minimum of five coins)

golfer72 · November 13, 2008 9:38AM

Now if they would only tighten up the CC Morgan standards so they would be where they belong

Blackborder · November 13, 2008 9:42AM

keep submitting until you get the grade you want.

fc · November 13, 2008 9:44AM

consistency... none to be found.

DNADave · November 13, 2008 9:57AM

Grading is a VERY subjective opinion...or three subjective opinions.

Do you have pics of the two you thought were shot 66's?

TennesseeDave · November 13, 2008 10:08AM

I must be the luckiest person on this forum,as I have had the last 16 CBH's all grade out of the last 16 submitted.(6 of the 16 were crackouts and the other 10 were raw coins)2 were downgraded for a total of 15 points,but 1 was upgraded by 15 points.

airplanenut · November 13, 2008 10:30AM

Are they for sale now?

FilthyBroke · November 13, 2008 10:42AM

<< consistency... none to be found. >>

The more I learn, the less value I put on the TPG's grading opinions.

Boom · November 13, 2008 1:15PM

Tight? No problem.

Just turn it over.

If that's the way it is then start sending in all the
OBH coins etc that APPARENTLY are OVER graded!

Strict - I can live with.

But how about some "Consistency" across the board!

Personally, I'm satisfied with how PCGS has graded me.

Submitting has certainly given me a much better eye.

Cryin' and beachin' will get you Nowhere.

tahoe98 · November 14, 2008 1:08AM

<< consistency... none to be found. >>

...........one of the hazards of subjectivity.

JustaRookie · November 14, 2008 1:10AM

gecko109 · November 14, 2008 1:16AM

<< 

<< It looks like PCGS is regrading to get stickers! >>

I seriously doubt that since PCGS collects their fee's regardless of how a coin grades. >>

True, but consider this. More green stickers on PCGS slabs = higher public perception that PCGS graded coins are "better" investments = greater number of people who will submit to PCGS in the future. I can see the link.

metalmeister · November 14, 2008 2:15AM

W.T.@%@#%!
PCGS down graded there own OGH 65 to a 63?
Yes any pics?
Did you cover the grade?

WTCG · November 14, 2008 2:24AM

Without intending to sound conceited, if you're willing to play the crackout game you should be ready for and realizing that there are days like this. Hopefully you'll realize that it isn't as easy as it looks.

SeattleSlammer · November 14, 2008 3:18AM

fiftycom · November 14, 2008 3:23AM

"If the grade don't fit
You must re-submit!"

gemstatecoins · November 14, 2008 3:25AM

I'm definitely done submitting until things loosen up at both NGC and PCGS
I don't mind grading being a little tight.. but my last two submissions to PCGS and one to NGC were rediculously tight on the 2008 rev of 07 ASE's!!!
I usually spend about $300 to $600 on a submission but that money is better off in my pocket right now especially with the current economy

ricko · November 14, 2008 3:36AM

As long as individuals 'must have' slabbed coins.... and as long as 'individuals' are not as good as the TPG's at grading, we will have stories such as this. Opinions are just that..... even 'informed' opinions..... Those who believe they are better than the TPG's need to apply for a job there.... otherwise, accept what you are given. Or - spend money on resubmissions.... your money, your choice. Cheers, RickO

gemstatecoins · November 14, 2008 3:44AM

Those who believe they are better than the TPG's need to apply for a job there.... otherwise, accept what you are given. Or - spend money on resubmissions.... your money, your choice. Cheers, RickO >>

I think it goes deeper than that right now... His submission was for coins that were previously graded by NGC and PCGS at 1 to 2 grades higher and ALL came back lower so it was not only his own opinion but the opinion of both PCGS and NGC previously.

DJCoinz · November 14, 2008 4:03AM

That hurts.

seateddime · November 14, 2008 4:07AM

often

PutTogether · November 14, 2008 5:49AM

<< Without intending to sound conceited, if you're willing to play the crackout game you should be ready for and realizing that there are days like this. Hopefully you'll realize that it isn't as easy as it looks. >>

I know what you are getting at, and you don't sound conceited, but you are talking about a guy who knows his peace dollars inside and out. That has just got to hurt.

mike92694 · November 14, 2008 5:57AM

<< 

<< Without intending to sound conceited, if you're willing to play the crackout game you should be ready for and realizing that there are days like this. Hopefully you'll realize that it isn't as easy as it looks. >>

I know what you are getting at, and you don't sound conceited, but you are talking about a guy who knows his peace dollars inside and out. That has just got to hurt. >>

I am conceited. Those who know their coins "inside and out" should not need the backing of certification to determine the coins' grades.

CoinJunkie · November 14, 2008 6:30AM

<< I am conceited. Those who know their coins "inside and out" should not need the backing of certification to determine the coins' grades. >>

True, but when it comes time to sell, the buyer might not be so savvy. If the seller advertises the
coin as "PQ", he's automatically under suspicion for hype, or so it seems around here.

Doogy · November 14, 2008 7:21AM

the numismatic shell games continues!

I'd have a lot more respect for these companies if they weren't so WILDLY inconsistent from year to year. If they would simply adopt a standard and stick to it, instead of this whole "a tight grading period means we can use gradeflation and then see increased submissions later!" business policy that is silly to watch to say the least.

Ever have a good long laugh when you got grades....(pics added)

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