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Question For Those That Break And Submit...

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zakgold's Avatar
United States
382 Posts
 Posted 02/16/2005  8:08 pm Show Profile   Bookmark this topic Add zakgold to your friends list Get a Link to this Message Number of Subscribers
I have some proof and some nice MS Red Lincolns coins I acculmulated from a number of "lower-tiered grading services" that I felt would cross-over nicely , even at a lower grade, with guys like PCGS, NGC, ICG, etc. Since I bought these at shows, I was able to buy the coin and not the slab.

All things being equal, we all know that, for instance, a PCGS MS66 coin is worth more than ___ grading company (lower tiered services that will remain nameless) in the same grade. However, when I picked up the coins, the dollars I saved were substantial compared to the same coin in the same grade from the likes of PCGS and NGC. Now, if I cross them over, I would still be ahead. The goal is to keep one for my collection and sell the dups. Proceeds will go to other coins and feed my addiction and "got to have it" mentality.

Question...do you think guys like PCGS are more "prejudicial" when crossing slabs or less inclined if the same exact coin is submitted raw?

I don't want to believe that a grader would say, "What the...this coin was graded MS67 by those guys? That's a 3 point penalty! Grade that MS64...I'll show them how to grade." I'm realistic and I don't think the MS67 Red Lincolns I got would cross to a MS67 with PCGS or NGC, but even if they graded down to a MS66 or even MS65 (which I think and hope the coins truly are), their value in a PCGS holder is far greater than what I paid.

Also, I have some nice proof coins, I really don't like breaking out slabs. There I am holding my breath, touching the coin (on the edge) with all inert materials, and hoping that I don't sneeze during the process.

What would you do...let them cross completely in their current slab? ...at a minimum grade?...or break them out and hope I don't breathe on the coin and submit them raw? Which do you think or has gotten you the best results? In the slab or pure raw?

Your thoughts and experiences please. Thanks!

Rest in Peace
catman's Avatar
United States
954 Posts
 Posted 02/16/2005  8:40 pm  Show Profile   Bookmark this reply Add catman to your friends list Get a Link to this Reply
I really don't think it matters to the grading company if you submitt a crossover or a raw. They are going to make the same profit either way.

I only collect ANACS and have had many crossover's done from PCGS, NGC and others and could not see any trend. There are differences in grading opinion however. Since I prefer ANACS anyway It's OK with me if they grade it to their standards.

catman
Pillar of the Community
United States
2724 Posts
 Posted 02/17/2005  10:34 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
I like to believe that their is no predjudice, but I am also realistic. For common coins, I would break them out and submit them in airtites. The only exception would be walking them through at a show. This way you can get a rough idea before paying the money.
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