If I regrade my OGH copper with Secure Plus out of principle as a coin doctor deterrent...
renomedphys
Posts: 3,856 ✭✭✭✭✭
Am I shooting myself in the foot?
Here's the logic: Original is best. Attractive OGH coins are generally accepted as such. Will the same hold true in a Secure Plus holder?
And do I automatically lose my color guarantee as of the regrade?
I would photograph my coins in slab before sending them in, but it sure would be nice if PCGS had a "slab history" under cert verification for coins that are resubmitted Secure Plus.
Thoughts?
Here's the logic: Original is best. Attractive OGH coins are generally accepted as such. Will the same hold true in a Secure Plus holder?
And do I automatically lose my color guarantee as of the regrade?
I would photograph my coins in slab before sending them in, but it sure would be nice if PCGS had a "slab history" under cert verification for coins that are resubmitted Secure Plus.
Thoughts?
0
Comments
In honor of the memory of Cpl. Michael E. Thompson
So that's another "plus".
That, and if even a single coin gets a "plus", the submission will most likely pay for itself.
Empty Nest Collection
<< <i>It seems as though you have something to lose by submitting your OGH copper to PCGS for Secure Plus submission, but do you have anything to gain via the process? >>
I wouldn't submit any OGH or Rattler copper now that the warranty is defunct.
As looking at a stable color coin from that era of encapsulation is worth more then a + when buying.
1909 VDB PR65RB
1910 PR66BN (CAC, but bought from Legend, so there's that)
1910 PR67RB
1912 PR66RB (Eliasberg Pedigree)
1916 PR66RB
As far as I know, none of the others have been submitted to CAC. I'm being told by some that OGH plus CAC will trump "plus" in the marketplace, but I'm dying to know whether that holds true for a coin that is already top pop, like the 67RB 1910 or the 66RB 1912.
Empty Nest Collection
Pro-
1) Digital fingerprint of coin that might be used in the case of theft.
2) Possible (+) designation to denote coin in top 15-20% of grade range.
Con-
1) Loss of OGH and the associated inferred stability of color and conservative grade criteria.
2) Loss of any color warranty, unless otherwise specified by PCGS.
3) Some coins will stick out like a sore thumb and might be viewed as less than high end if only 15-20% receive the (+) designation.
4) How much might a single (+) coin offset other possible losses? Nice matte proof Lincolns already command substantially more than any price guide listing.
5) A CAC label would give the coin as much extra oomph as the Secure Plus label in the eyes of many buyers and, unlike the Secure Plus label, the CAC label can be peeled off in the event that you want to get rid of the notation.
In honor of the memory of Cpl. Michael E. Thompson
I would think that the SecurePlus would only trump an OGH if it gets the +, and then it would only be better for the hardcore Registry players.
For most collectors collecting higher grade copper, the "insurance" provided by the OGH that the color is stable is far more important than having a scan of the coin on some computer at PCGS. If you sent them in and didn't get the +, the value would be significantly decreased vs. an OGH since not only would you lose the OGH, but you'd be pretty much locking the grade of the coin forever. With the OGH holder you'd have folks that would pay more if they thought it was an upgrade candidate and/or plusworthy, but once it's in a non-plus SecurePlus holder most of that consideration is out the door.
I'm keeping all of my OGH as is for the forseeable future.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Commems and Early Type
<< <i>In my opinion, for my coins, the OGH trumps the new Secure Plus holder. Your results may vary. >>
Maybe I'll only submit "plus-worthy" blues when I decide to sell.
And yes, nice MPLs for the grade do command plenty extra, whether it be in private treaty or on the bourse floor.
I need a drink!
Empty Nest Collection
If I had a bunch of really nice coins in OGH I would think long and hard before I had them regraded under either service. There's something about those old holders.....
Don't fall into a trap thinking that the only upgrade that you might get through the Secure Plus line is a +. I have seen several coins that upgraded a full point and even a few that upgrade a full point plus the + !!
<< <i>The PCGS copper color guarantee does not go away if you have your coins regraded. >>
Nice
if your coins are insured, you will save 10% on your insurance costs as well. That might cover the cost of the submission right there.
I don't see what you could lose if you ask to regrade at same or higher grade and you could actually come out ahead by gaining a "+"
Regrade these coins ... NFW ..... do you understand ?
Collectors and buyers are getting more educated than ever before. The coins speak for themselves.
Stewart
<< <i>I should add:
if your coins are insured, you will save 10% on your insurance costs as well. That might cover the cost of the submission right there.
I don't see what you could lose if you ask to regrade at same or higher grade and you could actually come out ahead by gaining a "+" >>
Huh? Insurance companies have already responded to the secure plus technology?
--Jerry
I think most here if given a 2nd chance wouldn't have cracked out any of their pre-1990 holdered coins. The transient "benefit" of seeing a coin in a higher holder may not be outweighed by leaving the coin in the older holder. In many cases the early slabs in one grade less are bringing more money than those average to low end ones a grade higher. Fresh, old holdered coins now bring great excitement at auction....far more excitement than run of the mill coins a grade higher. I guess that says it's really about the coin. And those coins graded 15-20 years ago are slowly disappearing due to upgrade resubmits.
The current + and * are just an extension of the past 20 year trend. There's no reason to keep up with the "Jones'" if you have no intention of selling fairly soon. And even if you did, better to let the potential bidders try to guess what will upgrade. Out of a 100 auction bidders there will always be a couple who see the total upgrade 1 pt higher than the majority. There will be more changes coming down the road that will entice you to once again resubmit.
You can always resubmit. And there will always be a "reason" to do it right now. But you can't ever go back once you do. And each time a coin is cracked that's another opportunity for foreign material to get on the coin and cause spotting, etc.
roadrunner
affix that to those standout OGH coins, and DO NOT REMOVE THEM FROM THE HOLDER!
Do I smell a money maker here, or whaaaaattttt!
That could open a whole new revenue stream DAVEY are you listening if ya do this.....hey I want my credit, eh buddy?
So send in the OGH holders.....They get a second look, if the coin is in the top 15% of grade, a + sticker is attached, since its not opened, no scan is done.
the sticker would just give a current grade evaluation, based on the coin still encapsulated.
Successful BST (me as buyer) with: Collectorcoins, PipestonePete, JasonRiffeRareCoins
If you take them out, you're starting all over with little to gain a much to lose including more cash. Why not donate the slabbing charge to a nice local charity?