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 Replies: 41 / Views: 4,609 |
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Pillar of the Community
United States
1096 Posts |
That is amazing. I would definitely resubmit. I am thinking AU55 all the way. Maybe try NGC. If you lived in Colorado I would suggest going down to ANACS and just having them look at it. They were very nice when I went and dropped off coins a few months ago and said if I ever had a coin I needed a quick look at they would give me an unofficial call on it.
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Pillar of the Community
United States
6399 Posts |
I also see this as solid for AU-53. Most likely PCGS slapped a net grade on it for a perceived light cleaning. Perhaps the luster is noticeably degraded? With those strong AU details there should be some decent luster in the protected areas of the fields.
Probably worth the gamble to resubmit. The potential value increase with an AU grade might be hard to ignore.
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Pillar of the Community
 United States
595 Posts |
The protected areas on the coin do retain some luster - mostly between the letters and inside of the edge.
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Pillar of the Community
United States
3453 Posts |
I am curious, when cracking out and resubmitting, is there be the chance that PCGS would recognize this coin and just assign it the same grade? I think for a more common coin the chance of that would be low but have always wondered that about special coins, like this one.
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Pillar of the Community
United States
919 Posts |
Well they already have it photographed so I would have to believe that would factor into it. Upgrading it would require them to admit to a mistake.
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Pillar of the Community
United States
595 Posts |
That is one of my concerns also. Strictly speaking, if a company is going to give an unbiased opinion, they should not or should not be able to consult things like checking on a previous grade of the coin.
This is one reason that I am slightly less then enthusiastic about resubmitting it.
Does anybody have any concrete knowledge on this question?
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Pillar of the Community
United States
3453 Posts |
I have no experience with this but in your case, with such a nice coin, I would think submitting to another TPG would make sense.  |
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Pillar of the Community
United States
9796 Posts |
Quote:I would think submitting to another TPG would make sense. Then back to PCGS as a crossover!  "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
5854 Posts |
Quote:
is there be the chance that PCGS would recognize this coin and just assign it the same grade? I really wish I remembered more of the details but it has been many years and I only vaguely remember a few vague details. In one of the lectures that I went to, the speaker had mentioned of a gold piece in, I think, PR/MS-64 and worth 5 figures. The coin was high end for the grade and I think was resubmitted at least a dozen times. Each time, it got back the same grade. The graders had talked with one another about this one coin which they keep seeing over and over again. So it is possible that they could remember it and proceed to give it the same grade but it would depend on things like the time between resubmissions and if it goes to back the same graders that graded it the previous time. |
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Pillar of the Community
United States
917 Posts |
Any more thought given about a resubmitting the coin or going with another TPG? |
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Pillar of the Community
United States
595 Posts |
Not yet. I am probably going to hold off for a while. I have a few other coins that I want to try and resubmit before I risk anything with this one. I am not planning to sell the coin, so it is not hurting anything sitting in the holder....
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Pillar of the Community
United States
675 Posts |
Regardless of the grade assigned by PCGS, your coin is superior to the graded AU-55. If I had the money and the two coins were for sale for an equal price I would choose yours any day.
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Pillar of the Community
United States
9796 Posts |
Quote:
is there be the chance that PCGS would recognize this coin Yes that does happen, more than likely with coins such as this one vs. a very common modern or Morgan. A friend of mine graded for PCGS and told me some coins would come in about once a year and all the graders knew it from sight due to marks or toning, etc. They were all very tough coins however, and this was back when PCGS only graded a fraction of coins they do today. If it gets submitted under the Secure slab service, or has been in the past, then I think they would only upgrade it if the market grading standards change significantly. They are recording and comparing all secure slab submissions with a data base they have built. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
595 Posts |
Thundercoin, thank you for the kind words. Westcoin, I probably will resubmit it at some point, perhaps as a cracked out and resubmitted coin, or to a different TPG. That being said, this coin has not made the rounds of resubmissions. This is the only TPG grading it has received as it had been in storage in the family collection for a minimum of 50 years, and possibly much longer. The original acquisition is unfortunately lost to history on this one..... As I am sure that all of you who have submitted many coins to the TPG's sometimes get a negative that you can't explain, but sometimes get a gift  |
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Pillar of the Community
United States
4989 Posts |
Send it to PCGS for a regrade accompanied by a letter with some of the comments from this group. They should recognize their mistake - this coin is clearly AU.
Would be a blow to their credibility if they kept it at XF-45
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Replies: 41 / Views: 4,609 |
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Posted 09/25/2013 11:48 pm
