Undergraded Certified Coins?

that is exactly the reason, if the graders see the coin in the holder they will know what grade they gave it before and they could just throw it in the out box and say it deserves that grade, if it is cracked out they have to regrade it andif you are good at grading then chances are pretty good it will come back upgraded, where chances are slim they will crack it out for you and upgrade it because that would be like admitting they were wrong the first time

when you send a NGC coin to PCGS then you have the well if we grade it higher than they did that means our standards are lower than theirs so people crack them out in that case also

I believe what is so important is that the person thinking about resubmitting a coin has done enough research to make sure that the odds are their favor that the coin was not graded properly originally. As colectors we must always try to improve our grading skills. This helps the buyer and seller make fair trasactions.

Hi Andrew

The way the market functions on certian coins the difference between a 63 and 64 can be thousands of dollars ,, that seems to me to be the big deal.

even in a modest collection 4 or 5 upgrades can escalate the value of the collection by several hundred to several thousand dollars.

Now of course that all depends on how the TPG's are viewed,, I personaly believe the coin was the grade it was given before the TPG's charged the money to tell you it was that grade. Seems a little silly to me .

I always try to keep things in perspective, I mean the grades from the TPG's are given by a person, that means that just about anyone can learn to grade as accurately and with as much confidence.

it all dollars OR sense !!

Rick

Thanks for the advice to all. I think I'm gonna take a shot and submit some coins. While I may not be the best of graders when you have many coins of the same exact type and clearly some look better than others even though they may have the same certified grade maybe it's worth it to send them back in. From what I understand if you send on a slabbed coin for a REGRADE that this coin is automatically cracked out before the graders see it and regardless what grade they give this coin since it was sent to the same company as the original slab was you are least guaranteed that you will get it reslabbed at the same grade but hopefully higher. But of course when sending it in as a Crossover to a different company the graders must grade it already slabbed and not sure if that would sway their grading opinion. And to send it in raw can be risky cause this wipes out all guarantees of a downgrade that could happen. I'm just trying to figure out is it best to send it in slabbed as a Regrade like a slabbed NGC to NGC, send it in as a Crossover like a slabbed NGC to PCGS or ANACS or crack it out myself and send it in raw to any of the above? Plus since of course these graders know the trend market I wonder if they are swayed by this also. Like if there is not much of a gap between say a MS63 to a MS64 the coin will be upgraded easier than say another coin which shows a major price gap between the two grades. If this is true then that would be unfair all customers since the coin is not being graded based on it's own merit but the market price. Any thoughts on the above?

I hope I don't step on any toes here, as everything in this thread is correct. I just wanted to add a caution about a particular Grading service. They are called the International Numismatic Bureau of which I have about 20 Commems. All are graded either PR70 or MS70. If the grades were accurate, I could retire from them alone, one coin at a time. With grades of 70, they should not have any visible marks, even under a loupe. Well, with these, no loupe is needed to see the dings and scratches. (Yep, marks are on the coins, and not the holders). So I guess what I'm saying is that many coins are over graded, and easily had on ebay. A good motto or credo is to buy the coin and not the holder. I'm just gratefull they were not more costly then they were.

cuedude

I guess even if they crack it out the coin is first recorded with it's original grade even though the graders don't know it. If by chance it is downgraded cause of it's recorded grade it will still be put in a new holder and given that grade again. I know that sounds strange but sounds pretty fair. I just think that any coin that is already slabbed and graded that this original slabbed grade can sway the graders. Who knows maybe since they have to do so many coins per day for Regrades they just simply glance at it and say Ya looks like a MS64 with a ten second look and passes it on. Now that wouldn't be fair taking a customers $30 for practically doing nothing. I guess the only way to get a new fair grade is cracking them out first and sending them in raw. But as we discussed that could be risky if you are going for an upgrade and get a downgrade instead. Ouch!