Resubmitting Coins To Be Regraded

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Originally posted by Morgan Fred

Terry, it seems the TPGs are labeling coins (at least Morgans in my experience) as "cleaned" if the luster doesn't look quite right to them. This may be regardless of whether the coin has been cleaned or not. A coin can lose or have its luster changed if it was stored at some point in a slightly adverse environment (say, unprotected in a cabinet which has been cleaned with Lysol or some other acid-based cleaner) or even a high smog area. More and more, the TPGs are using luster as a key criteria.

Fred

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Fred, I could understand a downgrade if there was a loss in luster but to label it "cleaned" is death to coin,especially a tough date Morgan.This is the second time they have done this to me.I sent one in before that I removed from a NGC slab that was a MS60 coin and ANACS labled it "Tooled".Seems strange that this many coin grades could change so much.Also its only the rare date coins that are being downgraded and changed.All the other dates I sent in stayed the same grade.

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Originally posted by Bryan1315

I think PCGS bodybags anythinhg that doesn't look "like something they want in their holder" way to much, just because its ugly doesn't mean its been tampered with and deserves a bodybag

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Bryan,
Maybe thats what ANACS is doing now.They only want perfect or almost perfect looking coins in their new holders and put what they deam as undesirable in their old holders.I guess they need to get the reputation as a tough grading company like PCGS has if they want their new slabs to bring what PCGS slabbed coins bring on the market.

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Originally posted by TLS5933

Bryan,
Maybe thats what ANACS is doing now.They only want perfect or almost perfect looking coins in their new holders and put what they deam as undesirable in their old holders.I guess they need to get the reputation as a tough grading company like PCGS has if they want their new slabs to bring what PCGS slabbed coins bring on the market.

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I agree, thats why they regrade all coins that are submitted in the old holders, there would be no reason to do that if they werent trying to weed out the undesirable coins for the new holders

NGC is my last hope since I fired PCGS and ANACS is in an apparent state of limbo at the moment. I sent off my ANA-member MGC associate membership application a week or so ago, am waiting on the package, will submit the 90CC Morgan presuming it wasn't photoshopped or otherwise misrepresented (seller has a good return policy, 0 neg feedbacks). I looked at probably 300 to 400 Morgans over the past month, rejected out of hand any auctions which had fuzzy images, no stated return policy (I got tired of sending message asking if they had one), or obvious problem coins, put in snipes on about 25 coins, finally won this one (beat out three other snipes by 5 bucks). The usual: buy low, get graded, sell high, make a profit. Baby needs a new pair of shoes.

Will do, Terry. Yeah, for the past couple months, both raw and slabbed (in top TPG slabs) Morgans have been going out of sight. I've seen similar increases in previous fall months, but this year I'm surprised how far up the bidders will go on coins of undeterminable quality or, if good images and descriptions of raw coins, how close they will approach market value as if they were slabbed. I sold two ANACS slabbed Morgans (the cleaned 90CC and an AU-58 91CC) for far, far more than I thought they were worth and well over published price guide values (and between the two, more than recovered my costs). I'm not objecting, but it makes investment buying tough. Sniping is the only way to play the game by out-psyching and out-timing the others and letting low bids just sit there while hoping some bid-happy buyer doesn't jump in and raise the stakes. Sellers, meantime, have upped their own start prices for their usually badly overgraded Morgans. And people are buying almost everything listed, even low-graded multi-problem Morgans (cleaned AND damaged). Wish I had a good supply of scab Morgans so I could rake it in.

Ya gotta love those speculators!

I also start all my coin auctions low, either 99¢ or $9.99. Gets the bidding started, sorta like priming the pump. Get two people bidding and it's a frenzy! On high ticket coins, I'll set a low Reserve just so I'm not paying to fill somebody else's collection, but with a generous stated return policy and very low shipping costs, I'm making a few bucks. Of course, there is always the agonizing question after I've shipped a coin, "What if s/he doesn't like it and sends it back?". Hasn't happened yet, but I still agonize. So far, after seven years of eBaying, no unhappy customers.

So basically what you guys are saying is if I'm going to resubmit my SGS coins to PCGS or NGC or ANACS I should crack the slab in it? Whats the best way of cracking a slab without damaging the coin?