Yep, some people exist on nothing but crack outs in the coin business, it takes a great eye, and a good handle on the current market values, but it can be done successfully. It can really mess with the pop reports though. I remember my good friend (ex-owner of ICG) told a story of a particularly rare gold coin that had a pop of 14 and 7 of those he knew for sure were re-submissions from a crack out. There were less than the total population of TPG coins even made. He said he and the other graders (then he was at PCGS) could tell from a tiny mark on the coin that kept it from the higher grade but it was so close. Every dealer that bought it seemed to think the same upgrade potential. I recall the upgrade price was about $14,000 more, so definitely worth it if it ever crossed.
Crack out artists will look for coins with a good spread in value between grades and then look for coins at the top end of the grade in a TPG holder, they also love finding new/old collections to come on the market full of old holdered coins from the beginning of the TPG companies creation, as the TPG's tended to be a bit more conservative back in their beginnings.
Crack out artists will look for coins with a good spread in value between grades and then look for coins at the top end of the grade in a TPG holder, they also love finding new/old collections to come on the market full of old holdered coins from the beginning of the TPG companies creation, as the TPG's tended to be a bit more conservative back in their beginnings.
"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
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


















