Basic Question About Regrading Coins
1 1

25 posts in this topic

I notice that some grading companies allow you to send in a coin in a holder that you think is undergraded, and they'll consider regrading it for a fee.

 

On the other hand, you can break a coin out of its holder and send it in as if it were being initially graded.

 

Which approach is better, in the sense that it's more likely to result in a higher grade?

Link to post
Share on other sites

It depends on the coin. If the coin is in another company's holder and the target company might want it in their own holder, then it might be worthwhile to send it in as is. If a company might think they would give the impression of being loose by crossing the coin, you might want to crack it out first. It really varies with the coin.

 

If you're talking about resubmitting to the same company, some companies offer the alternative of presidential review to reconsider the grade.

Link to post
Share on other sites

Removing the coin from its holder likely gives you a considerably better chance for an up-grade. However, in doing so, you lose the protection of the grade guarantee and subject yourself to the risk of a down-grade or no-grade. Either of those bad outcomes/surprises can occur no matter how good the coin might look. It's a matter of potential reward and risk and how big of a gambler you are.

 

thumbsup2.gif

Link to post
Share on other sites
I notice that some grading companies allow you to send in a coin in a holder that you think is undergraded, and they'll consider regrading it for a fee.

 

On the other hand, you can break a coin out of its holder and send it in as if it were being initially graded.

 

Which approach is better, in the sense that it's more likely to result in a higher grade?

Removing the coin from its holder likely gives you a considerably better chance for an up-grade. However, in doing so, you lose the protection of the grade guarantee and subject yourself to the risk of a down-grade or no-grade. Either of those bad outcomes/surprises can occur no matter how good the coin might look. It's a matter of potential reward and risk and how big of a gambler you are.

 

Hey Mark, what happens if you send the coin still in its currents slab, let's say Anacs for arguments sake and the graders believe it will cross, so they crack it out. Once out of the slab they see something that changes their minds, what do they do then. The coin will not cross, yet it's already out of the original slab.

 

JJ

Link to post
Share on other sites
I notice that some grading companies allow you to send in a coin in a holder that you think is undergraded, and they'll consider regrading it for a fee.

 

On the other hand, you can break a coin out of its holder and send it in as if it were being initially graded.

 

Which approach is better, in the sense that it's more likely to result in a higher grade?

Removing the coin from its holder likely gives you a considerably better chance for an up-grade. However, in doing so, you lose the protection of the grade guarantee and subject yourself to the risk of a down-grade or no-grade. Either of those bad outcomes/surprises can occur no matter how good the coin might look. It's a matter of potential reward and risk and how big of a gambler you are.

 

Hey Mark, what happens if you send the coin still in its currents slab, let's say Anacs for arguments sake and the graders believe it will cross, so they crack it out. Once out of the slab they see something that changes their minds, what do they do then. The coin will not cross, yet it's already out of the original slab.

 

JJ

JJ, while I have heard of that happening on very rare occasions it hasn't happened to me, so I can't answer based upon personal experience.

 

That said, I believe that the fairest thing to do would be to see if the submitter could get the coin back into its original holder and if unsuccessful, that he be compensated in some way by the company that cracked the coin out.

Link to post
Share on other sites

If you send the coin in the slab, some TPGs will use the previous grade as one of the consensus grades so it will have an impact on the new grade. Cracking out the coin will improve your chances of upgrading at TPGs that do this. I believe PCGS does this. Not sure about NGC.

Link to post
Share on other sites

It looks to me like you fellows are saying crossovers should not be attempted, simply break out the coin and submit it to the new grading service. Am I reading correctly?

Link to post
Share on other sites
It looks to me like you fellows are saying crossovers should not be attempted, simply break out the coin and submit it to the new grading service. Am I reading correctly?
Actually, most of the discussion has been about re-grades, not cross-overs. Even with respect to cross-overs, however, it depends upon how big of a gambler you are, as you have more upside AND downside in cracking the coins out.
Link to post
Share on other sites

I sent in 5 coins when I joined. All were graded by NTC, Granted, I know how they overgrade, but they all come back in bodybags. I wonder how the outcome would have been If I cracked them out of the holders. "I'll never know." yeahok.gif

Link to post
Share on other sites

Coins that were graded by PCGS have been cracked, resubmitted to PCGS and come back in bodybags. So it's not just NTC. NTC coins will give you a higher probability of getting a bodybag at a top TPG, but there is some inherent variability in the grading process, regardless of previous TPG.

 

You can post photos here to get opinions on the coin. If people here generally say they are problem-free, it might make sense to resubmit the coins.

 

As for cracking out, more risk is often correlated with more reward. You need to decide how much risk you are comfortable with.

Link to post
Share on other sites
It looks to me like you fellows are saying crossovers should not be attempted, simply break out the coin and submit it to the new grading service. Am I reading correctly?
Actually, most of the discussion has been about re-grades, not cross-overs. Even with respect to cross-overs, however, it depends upon how big of a gambler you are, as you have more upside AND downside in cracking the coins out.

 

I have had coins regraded that upgraded and some that didn't.

I've also crossed NGC graded coins to PCGS and had them upgraded in the process.

Similarly, I've had coins not cross.

I've had coins regraded that didn't upgrade which really should have (this is not hopeful thinking).

So I guess there's truth to all of the above. I'm just not too willing to gamble, since I've had coins rejected by one service as AT or altered surfaces or environmental

damage and then graded by the other (I'm only talking NGC and PCGS here).

 

edited to add: then there is the cost to consider. I just had a raw copper graded by pcgs as vf20 when by eac standards, it is a vf30, so I expected them to grade it a vf35. I was surprised, but I can understand why they did it, but that's because they don't understand early copper. do I send it in for regrade? cross it to NGC? niether, it's not worth the effort, even the $20 presidential review which takes over a month to get back. Hell, I'll just crack it out the day I want to sell it.

 

Edited by MikeKing
Link to post
Share on other sites
I sent in 5 coins when I joined. All were graded by NTC, Granted, I know how they overgrade, but they all come back in bodybags. I wonder how the outcome would have been If I cracked them out of the holders. "I'll never know." yeahok.gif

 

I have to agree with Zoins. The only NTC coin I ever bought I returned immediately to the seller since it was clearly altered surfaces.

edited to add: try sending them to anacs and see what happens, they've gone downhill.

Edited by MikeKing
Link to post
Share on other sites

I have had coins regraded that upgraded and some that didn't.

I've also crossed NGC graded coins to PCGS and had them upgraded in the process. Similarly, I've had coins not cross. I've had coins regraded that didn't upgrade which really should have (this is not hopeful thinking).

 

This sums up my experience as well. I’ve had many coins upgrade when sent in while still in the holder, but I’ve also has some that needed to be sent in more then once or cracked out to get the upgrade and as you said Mike these were not ‘a hope & a prayer’ type of coins.

 

I used to believe that the outcome did not matter at all if you sent a coin in while still in the holder or not, however my thinking has changed about that over the years. I now believe that you probably do have a slightly better chance of a coin upgrading the first time through if it is cracked out of the holder and sent in raw, but as others have said there can be considerable down side risk in doing so.

 

Of course this whole topic is dependent upon the coin(s) ACTULLY being worthy of upgrading. As the saying goes ‘ownership adds a point to the grade’ and I’m sure that the TPG’s get many coins sent in by owners who believe their coins are under graded when in fact they are not.

 

John

Link to post
Share on other sites

Well I had 10 sets of the 20th anniversary silver eagle sets which I sent in to NGC. I got them back a month ago and got the following grades:

 

MS70 x1 PR70 x7 R-PR70 x6

MS69 x9 PR69 x3 R-PR69 x4

 

With the difference in price between MS69 and MS70 you can see why I want to send the 9 MS69s in for a regrade. The only thing is I'm stuck with leaving them in the NGC holders otherwise they wont come back in a 20th anniv holder.

Link to post
Share on other sites
On 5/2/2007 at 7:59 PM, camarasa-migration said:

Well I had 10 sets of the 20th anniversary silver eagle sets which I sent in to NGC. I got them back a month ago and got the following grades:

 

MS70 x1 PR70 x7 R-PR70 x6

MS69 x9 PR69 x3 R-PR69 x4

 

With the difference in price between MS69 and MS70 you can see why I want to send the 9 MS69s in for a regrade. The only thing is I'm stuck with leaving them in the NGC holders otherwise they wont come back in a 20th anniv holder.

Ouch. Bummer on the 9 MS 69s. Those are the money coins.

Link to post
Share on other sites
5 hours ago, GoldFinger1969 said:

I don't understand the references to "bodybags" ??   

"Bodybag" is a term used for when a coin is submitted for grading, is determined to have a problem which precludes a straight grade and is returned to the submitter  in a bag, rather than in a third party holder. That scenario is a lot less common these days, now that details grade coins can be holdered. It wasn't always that way.

Edited by MarkFeld
Link to post
Share on other sites
On 1/10/2021 at 10:30 AM, MarkFeld said:

That picture has nothing to do with body-bags.

Neither did the OP's question!

The thread is about which is better, resubmitting the coins in-holder, or cracking the coins out and sending them in "raw".

 

From the original posters' first post:

"I notice that some grading companies allow you to send in a coin in a holder that you think is undergraded, and they'll consider regrading it for a fee.

On the other hand, you can break a coin out of its holder and send it in as if it were being initially graded.

Which approach is better, in the sense that it's more likely to result in a higher grade?"

 

After 30 years of guerilla grading and slab-cracking, I say 'crack 'em out' first. (Assuming the person can grade, and is not just engaging in some sort of 'hopeful speculation'!)

 

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
1 1