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 Replies: 14 / Views: 2,125 |
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Valued Member
United States
227 Posts |
If I were to send a couple coins in to NGC for reholdering (in NGC slabs currently), they would regrade them yes? I'm just wondering if I have to worry about a downgrade possibility.
And next question, if they regrade any reholder requests, why on earth would anyone pay for a regrade (reholdering is much cheaper)?
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Valued Member
Canada
178 Posts |
You can call them @ 1-800-NGC-COIN and get the information straight from them.
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Moderator
 United States
16679 Posts |
From NGC website, U.S. Coins:
ReHolder $7.50 5 working days 5 working days A coin in an NGC holder can be submitted for placement in a Scratch-Resistant EdgeView® holder. All coins valued at $10,000 or less.
swcoin.ecrater.com
Edited by vermontensium
06/14/2012 03:06 am
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Valued Member
 United States
227 Posts |
Yeah vermontensium, I've seen that, but elsewhere they say that all coins submitted for reholdering go through an appearance review. Maybe they just don't review it as thoroughly as they would if it were raw?
I probably will contact them I just felt like asking here first.
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Bedrock of the Community
United States
17884 Posts |
They will take a quick look to make sure it does make the grade on the holder. If it doesn't you will get a down grade and some form of compensation. But say it is in a 63 holder and it is actually a 64, it will still come back in a 63 holder. The appearance review on a reholdering may go down but it will never go up. If you want a chance at an upgrade it has to submitted as a regrade.
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Bedrock of the Community
13014 Posts |
Say you went to a coin show that had a PCGS or NGC guy at the show would they tell you if a coin is worth submitting for an upgrade or not?
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New Member
United States
23 Posts |
I need to have some coins reholdered. Is there an advantage to paying my local coin dealer to send them in? Or is just as well to do it myself?
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Bedrock of the Community
13014 Posts |
The only real advantage would be getting in on a bulk shipment for a cheaper grading rate and possibly getting a better grade as some dealers do get special treatment and more than likely more favorable grading, but for just a reholding I think the rate is the same regardless and the dealer would probably charge a fee.
If I remember right they were NGC and I dont think they have a charge to join their club to be able to submit. Might want to give them a call and explain you have the coins in their holders and the holders got damaged and just need to have them reholdered and see what they say you need to do. If they do charge to sign up to be able to submit then going through a dealer could be cheaper. If youre already a member the sign up fee wouldnt really matter
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Pillar of the Community
Australia
7096 Posts |
Quote:
The only real advantage would be getting in on a bulk shipment for a cheaper grading rate and possibly getting a better grade as some dealers do get special treatment and more than likely more favorable grading I find that statement quite disturbing.  It makes a mockery of the entire concept of TPG's. I was under the assumption that all coins graded were done so without favor or prejudice and was an entirely unbiased opinion. A coin can only be one grade regardless of who submits it Edited by trout1105
07/04/2012 5:49 pm
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Bedrock of the Community
13014 Posts |
Quote:I find that statement quite disturbing. It makes a mockery of the entire concept of TPG's. I was under the assumption that all coins graded were done so without favor or prejudice and was an entirely unbiased opinion. A coin can only be one grade regardless of who submits it Its more the cynic in me. When you think about 69/70 is such a fine line that most could really go either way. I dont think is unreasonable to assume that boardline coins get the benefit of the doubt from places they do a lot of business with or that when they have a huge order theyll be in a better mood or look closer then if they just have a ton of individual submissions. They 100 percent do get special treatment though. Whether or not that includes better grades is debatable id be inclined to say they are more likely to get 70s than you or I but they wont be getting 68s graded as 70s, but they do get better rates and probably faster turn around times, and sometimes special labels. |
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Pillar of the Community
Australia
7096 Posts |
basebal21 If what you are saying is true then the TPG's are definitely flawed,A bit like the judicial system where an influential/wealthy person will be treated more favorably than a poor average person. It still doesn't make it RIGHT  The difference between a 69 and a 70 can mean quite a lot of $$$$. The entire concept of getting coins slobbed and graded By TPG's is/was based on getting an accurate and unbiased assessment of a coin regardless of who owns it. IF they are doing as you say it is highly unethical |
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Valued Member
United Kingdom
348 Posts |
? are they re-holders because you like the new ones or you think they are graded wrong ? |
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Bedrock of the Community
13014 Posts |
Quote:If what you are saying is true then the TPG's are definitely flawed,A bit like the judicial system where an influential/wealthy person will be treated more favorably than a poor average person. It still doesn't make it RIGHT The difference between a 69 and a 70 can mean quite a lot of $$$$. The entire concept of getting coins slobbed and graded By TPG's is/was based on getting an accurate and unbiased assessment of a coin regardless of who owns it. IF they are doing as you say it is highly unethical I mean not really, its just life. While the price is large between 69 and 70 the difference in the coin is miniscule. Playing favorites or not the difference is so small the difference between a 69 and 70 can often be what kind of mood theyre in that day which is the worst kept secret in the business. Its more an issue with modern coins since everything is so high quality now you dont see 66s or 67s where there is a real difference between the too everythings basically a 69 or 70 with occasional 68s. But for what its worth absolutely everything in the world is flawed, its run and made by humans. The TPG system is still good and much better than everyone just always arguing about what a coin should be, just know if you want 70s its better to just buy them that way. If you send in a bunch of new coins youll probably agree too when a lot of 20 brand new mint coins comes back with nothing but 69s |
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New Member
United States
23 Posts |
Hi dooly, not sure if you were asking me, but if you were, some of my holders were damaged, so I need new ones.
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New Member
United States
23 Posts |
To add to my last post - never, ever store coins in a gun safe that also has a bottle of powder solvent in it. It eats plastic slabs for lunch.
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Replies: 14 / Views: 2,125 |
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Posted 06/14/2012 03:05 am
