Crack It Or Cross It: This Is The ?: Think Hard Before Breaking Out The Hammer

Lots of them confusing the guarantees and service levels.

There is 0 guarantee for a coin that is in anything but their holder. Once it is in their holder there is a guarantee for a coin that downgrades if it was over graded as long as it isn't some clear label error as the original submitter.

Cross over fees are the service level fee and an additional a 1% fee if it crosses.

Regrading and guaranteed resubmission are two completely different things.

The Guaranteed resubmission is for coins that you believe are overgraded or were doctored and are asking them to either conserve the coin and regrade it or for a payout from the grade dropping. That tier is essentially the warranty claim tier.

Reconsideration would be for them to regrade the coin while it is still in the PCGS slab. The cost is the submission level cost and an additional 1% if it upgrades, they just will not crack the coin out unless the grade changes. IF the coin downgraded under this tier the warranty would also kick in.

Regrade is asking them to take the coin out of it's PCGS holder and grade it raw again. The cost is just the submission level cost. If the coin were to downgrade the guarantee would apply again.

The gold shield on this coin is completely option. Gold shield is required for non modern world coins, express level and higher, and I believe mint errors and special things like cal gold are included as well.

https://www.PCGS.com/submissionguide

Some high end collectors will push for that if they think the coin is a half point to high or that it would CAC a grade lower.

In general though the doctoring on early slabs is one of the more common things, puddy took a while to turn and at first was very hard to spot a couple decades ago. You'll see a puddied gold coin in an old holder turn up from time to time. There's some other reasons but they do pay out a decent amount every year on some of those

That "1% of coin's value" thing is interesting. Assigning a grade essentially assigns a value, so you're paying them a percentage of the value that they get to assign. Call me cynical, but it sounds like a racket. It reminds me of real estate, where you pay a realtor 3% to act as your "buyer's agent" but their incentive is still a higher price.

I'm glad you caught that since I didn't do my proofreading well but the concept would remain the same for the 1852 25C.

https://www.PCGS.com/coinfacts/coin/1852/5419

For example, by using the PCGS full retail price of $1250 @ MS61 less the $ 775 @ AU50, the differential between these is still a significant $ 475.

I just consulted with PCGS today and they suggested that I write 'any' & 'detail' together under the

MIN. GRADE
CROSSOVER OR
1965 TO DATE

column. By doing it this way the coin will cross over 'no matter what' to a more valuable PCGS holder with or without a 'details' grade depending on the grader...

However, if I decide to leave out 'detail' and write only 'any' under this column a different scenario occurs. PCGS would not cross the coin but would send the original ANACS holder back to me untouched because they found a 'detail' defect.

In either situation I would still be responsible for a $ 35 grading fee assuming that the coin's value does not exceed $ 3,000.
Shipping/handling, insurance & the 1% of final value fees still apply as expected for the crossover coin.

But only shipping/handling, insurance & apply as expected for the returned ANACS holder: NO 1% of final value fees.

As previously opined it's worth the gamble to write 'any' & 'detail' and take the chance that a details grade would not occur (based upon of results of this grading thread). And in the unlikely event I end up with a details grade with an MS (non-numerical) designation, the difference between this class and the current ANACS-AU50 class would probably be at least a $ 300 - $ 400 gain less some expenses.

Now, after receiving all of our members no-detail grading input with some PCGS clarification a crossover done as described above seems give me the most warm and fuzzy feeling of less risk with enough upside potential to devote some time to make it happen.

I would never cross a coin over as "any details". If you are going to do that just crack the coin out and submit it as a raw coin.

I'd crack it out and sell it raw as an AU-55. I generally ask if the holder is doing the coin any favors. If not, I take it out.

By the way, these old ANACS holders are very easy to crack out. In order, the ease of cracking open the holders is:
Old (little) ANACS
NGC
PCGS
New ANACS

The old ANACS will pop open with a little bit of pressure. PCGS has shattered on my before in a vise. The new ANACS laughs at the vise and comes out with a little edge damage. You have to insert it multiple times with different angles.

Say you have an overgraded coin and no one is willing to buy it at the certified grade except at a significant discount. Basically the coin in its current slab is unsaleable. So it is sent in as overgraded. It comes back at the lower grade with compensation based on the difference in value between the two grades, and now the coin is saleable at the stated grade. Between the sale at the current grade plus the compensation from the guarantee, the seller receives close to the amount he would have for the coin in the higher slabbed grade.