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 Replies: 9 / Views: 4,627 |
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Valued Member
United States
282 Posts |
I have an ICG slabbed EF45 coin that I believe is quite undergraded. I put it at least at AU50, possibly at AU53, even at PCGS/NGC standards.
I would like to have it graded by PCGS or NGC. I can either:
1. Attempt a crossover to PCGS and specify a minimum grade equal to or lower than the ICG grade.
2. Crack it and submit to either one as a raw coin.
What would be my best option? For option #1 does it mean that PCGS would never grade it higher than the original? If so I may be better off with option #2.
Thanks! Edited by syeb
08/04/2016 10:24 pm
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Valued Member
 United States
282 Posts |
Let me clarify a little. I meant that PCGS lets you specify a minimum grade but it can't be more than the current one. So I would not be able to specify a minimum grade of AU50 for example, The most I could do is XF45 so does this mean that PCGS will never grade it at AU 50 in this type of situation?
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Bedrock of the Community
United States
17884 Posts |
No it meens they would never grade it LESS than XF-45. If they feel it will grade at LEAST XF-45 they would crack it and grade it and it will come back what they feel it deserves. If they think it deserves a 50, it will get a 50.
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Pillar of the Community
United States
5854 Posts |
I would probably first ask myself: how confident am I in my grading assessment? Second, I would consider the risk of a downgrade vs reward of a upgrade. If there is significant risk associated with a downgrade and/or doubts with my grading assessment, I would submit in the holder. If not, I would most likely submit it raw. For PCGS, crossovers cost more due to the guarantee premium fee. ICG has the perception of being a looser grader than PCGS or NGC and that bias could affect the results.
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Valued Member
United States
282 Posts |
Quote:
I would probably first ask myself: how confident am I in my grading assessment? Second, I would consider the risk of a downgrade vs reward of a upgrade. If there is significant risk associated with a downgrade and/or doubts with my grading assessment, I would submit in the holder. If not, I would most likely submit it raw. For PCGS, crossovers cost more due to the guarantee premium fee. ICG has the perception of being a looser grader than PCGS or NGC and that bias could affect the results. I certainly understand about ICG. This is only the 2nd coin I have ever purchased in an ICG slab but I'm pretty comfortable that it is fairly or even undergraded and will get at least a 45 out of PCGS/NGC, with a strong possibility of a 50. Either way it would be worth the cost and minimal risk of a body bag (or details/genuine grade) since I don't see any sign of cleaning or other alterations from the pics. Of course once I have the coin in hand that may change. D0ubl3Eagle - this is the 1824 bust half on my other thread in the grading forum. I'm posting the grade there now.  Edited by syeb
08/04/2016 10:23 pm
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Pillar of the Community
United States
7375 Posts |
Unless I'm mistaken, I think your options for the CROSSOVER MINIMUM GRADE grade column on the form are CURRENT or ANY, and CURRENT means you want it to cross at current grade, and ANY means any. I would take a shot at ANY, looks like a good risk.
From the PCGS form:
CROSSOVER: For a coin previously graded (currently encapsulated) by another
grading service. Minimum Grade: PCGS will holder the coin only if it meets or exceeds
your specific request notated in the Minimum Grade column on the front of the form.
Please specify one of the following options in the minimum grade column on the front of
the form. If you leave this area blank, PCGS will assume the minimum grade is the grade
currently on the holder.
MINIMUM GRADE OPTIONS:
CURRENT - Requests coin to cross at grade listed on holder.
ANY - Requests coin to cross at any numerical grade (01-70).
DETAILS - Requests coin to cross at any numerical grade or Genuine no-grade.
LOWER GRADE - If you would like to specify a lower grade than listed on the
holder, write your acceptable numerical grade (include suffix if applicable).
Note the following limitations apply:
#10146; You cannot specify a higher minimum grade.
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Valued Member
United States
265 Posts |
If you are looking to make a profit on the coin, send it in. PCGS slabbed coins are higher resale. But actually I do prefer ICG. I am a a bit more of a purist. ICG tends to grade more "technically", similar to ANACS. I do believe they are stricter as a whole when it comes to classics. Yes there is a perception they are more lenient for moderns. No grading company is perfect . But I think moderns would technically be "better" coins do to improved metallurgy and minting processes but just my humble opinion.
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Bedrock of the Community
United States
10982 Posts |
The dark color of this coin limits it, and while it might squeak out an AU50, I don't think it will go higher that IMO. Your best bet to obtain the highest grade possible is to crack it out and submit it raw.
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Pillar of the Community
United States
7375 Posts |
I agree, cracking it, and submitting it to PCGS, is the best idea.
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Pillar of the Community
United States
6381 Posts |
For an example of an ICG to PCGS crossover attempt, see the recent post about my 1893-CC half eagle in the classic coin grading section.
I've never heard of a situation where PCGS crossed a coin to a higher grade than what the original slab shows. Several times I've specified a lower grade and got a cross to that lower grade. Less than half the time have I seen successful crosses at the same grade, from ICG, SEGS, or even NGC holders. Probably your only shot at PCGS AU-50 or better is to crack and submit raw. The downside risk is a lower grade, or even a details result.
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Replies: 9 / Views: 4,627 |
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Posted 08/04/2016 1:36 pm
