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Pillar of the Community
United States
3210 Posts |
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Rest in Peace
United States
17900 Posts |
I think I'd give all five a shot. Given the NGC costs and potential increase in value I think you would be well ahead even if only two score a 66.
Be advised that in the last year NGC has seemed to have tightened up on grading, sometimes rather severely. If you haven't submitted in the last year, expect a little tighter result.
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Bedrock of the Community
United States
10982 Posts |
You say they have blast white luster but none look like 66 type luster that I would describe as mint bloom and not white. Also consider that NGC certified coins generally sell for less money than PCGS, particularly OGH so there's really only 2 coins there that would even go 2x current value if they upgraded. It's your money and you might get lucky but I do not see it as a bet I'd take for all 5. Maybe the two that could 2x but not the three common dates.
If they were mine I would send them to CAC first and see what happens. Collectors only pay $12.50 for each coin that does get CAC approval. Best of luck whatever you choose.
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Pillar of the Community
United States
4472 Posts |
I would not send them to NGC for a crossover as there is a slim chance that the coins will upgrade in the crossover. If the coins cross at the same grade, you lose. If you want the upgrade, crack the coins out and send to PCGS. CAC is also a good option, but CAC is demanding on white Morgans. CAC has raised their prices to $13.50 per coin for collectors.
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Pillar of the Community
 United States
3210 Posts |
BH my lighting is off when I took them all have solid cartwheel luster. I have seen NGC 66's that look way worse than mine. NGC crossover allows you to keep the ogh if it doesn't upgrade. I'll definitely talk to NGC tomorrow and make sure I'm 100% correct, if not it's not worth submitting. I don't have much in these lIke $80-$90 per when I bought a 40 coin lot earlier this year. The question is risk vs reward. I may try to take better pictures tomorrow depending on lighting conditions.
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Rest in Peace
United States
17900 Posts |
Check ebay sales, Heritage Auctions, and Great Collections, as examples, and it will be quickly evident that PCGS lost their price superiority some years back. For some series, such as Classic Commemorative and ASE, NGC maintains a price advantage, which can be easily verified. Now that NGC has booted PCGS from their registry (except for grandfathered PCGS listed prior to Jan. 1), expect NGC to gain a bit from some buyers. Plus, if you check NGC newly graded left-alignment label coins you will notice a tightening in their grading. The old saw about PCGS selling for more is simply untrue today, and again, can be easily verified with auction results. |
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Pillar of the Community
Canada
4944 Posts |
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If they were mine I would send them to CAC first and see what happens.  This would be my suggestion as well. |
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Pillar of the Community
United States
3210 Posts |
I don't have anyone who is a member of CAC and I am not a member myself, so that option is essentially useless for me. I'm gonna retake pics tomorrow and see if any opinions change. If I submit the 5 and my other 3 with everything it's gonna cost me near $300. Decisions....decisions.
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Bedrock of the Community
United States
10982 Posts |
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NGC crossover allows you to keep the ogh if it doesn't upgrade. If that's the case then it does lower the risk. Normally "crossover" means if it crosses at grade then it's cracked and reholdered at the same grade. If NGC will cross ONLY on upgrade then it's a different animal and would be less risky. NGC is pulling out all the stops for business so maybe they will take "upgrades only" for cross, an unusual concept. NGC did drop PCGS coins from their registry to try to boost submissions as well. PCGS is backlogged for many weeks and can't keep up or get their backlog down. And yes, CAC is going to $13.50 for 2017 on coins granted approval. |
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Pillar of the Community
United States
3210 Posts |
Edited by Imthealphaomega
12/26/2016 6:43 pm
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Rest in Peace
United States
17900 Posts |
Get these in a NGC Registry fast. If they are in the registry before the 1st, you can cross them to NGC for 50% off the normal price. Even if you could care less about having a registry it's a great way to get half price grading.
Read their information before submitting as I don't remember if you can minimize the risk with minimum grades.
50% off is worth the time to look.
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Pillar of the Community
7234 Posts |
2nd set of pics are much better but IMO the only chance you will have at a 66 is the 1883-O as long as those marks are on the slab and not on the coin.
Edited by Mark1959
12/26/2016 6:48 pm
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Pillar of the Community
United States
4472 Posts |
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NGC crossover allows you to keep the ogh if it doesn't upgrade. I could not find anything on the NGC site about keeping the OGH if it does not upgrade. NGC does note that a higher minimum grade than on the holder can not be specified. They do have a special for a 50% discount on crossovers for registry coins and no charge if the coin does not cross. The coins must be in a registry set by 1/3/17. If you do not have a registry set, start one and you can get the discount. You must write on the submit form: special discount for crossover registry. |
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Pillar of the Community
United States
3210 Posts |
After reading it more carefully you are right Slider. Basically I either will crack them out (But then I lose the OGH and potential premium down the road) or I just keep them as is. Or I could also go the crossover way with the special event. I honestly don't know what to do now. I would honestly to see a few more ms66 coins in my set (with my PCGS ms66 1881-s, 1883, and 1886). Advice is appreciated. I am still sending coins in a undergraded 1899 P Morgan, and 2 gold dollars.
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Bedrock of the Community
United States
10982 Posts |
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I am still sending coins in a undergraded 1899 P Morgan, and 2 gold dollars. Do you mean the 1888 P or something else? It's the only one in the pics that looks to have a good shot at 66. I wouldn't cross a PCGS 65 to an NGC 65 even if it was free so be careful. I used to do this type of stuff all the time (usually ANACS-NGC to PCGS) and most of the time was disappointed and lost money of course. I am trying to be realistic based on what you have, nice PCGS/OGH MS65 Morgans that would be weak 66s if they made it at all. P.S. Cracking them first could easily land you a couple 64s. That is the highest risk proposition but it's your money. Risk is commensurate with reward they say. Edited by BH1964
12/26/2016 9:15 pm
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Pillar of the Community
United States
3210 Posts |
I was considering the 5 OGH Morgan's, but I also have a 1899 P Morgan that I'm quite confident will be a 65 along with. 1873 $1 gold which is probably a 62/63 and a 1855 type 2 gold dollar which was cracked out of a first gen NGC holder which is probably a au55 today. I may crack out the 1888 P in general and send it in raw, and will probably do the same for the 1883 O as I feel those have the best chance of making a 66. I'm gonna double check them all tomorrow morning before I do anything or send anything out.
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Replies: 23 / Views: 2,547 |
Posted 12/26/2016 5:43 pm
