What to do on this coin submission

I just renewed my PCGS membership and you get 8 coin gradings with it. I want to send this coin in with it to crossgrade with PCGS. The problem is you have to submit in with a separate form for the crossgrade and also pay another shipping fee.
I hate to crack it out and then it comes back a lesser grade. I also hate to have to pay an extra shipping fee just to have it crossgrade.
This coin is in an old ANA holder and from what I understand the grading was pretty good back then.
Any thoiughts?

 

Log in or Sign up to hide this ad.

I would just keep it in the old ANACS slab, any particular reason you want to cross grade it?

 

If it were me, I'd leave it in the older holder. I like older holders. MHO.

 

I do keep a NGC registry with my Morgans with both NGC and PCGS certified coins. That is main reason. I really like this coin. The only that the bothers me a bit is the area around the ear. Is that wear or just a weak strike?

 

These olders do have character don't they Ken! Also tone nicely on the rims.

 

Many of the New Orleans Morgans are known for a weak strike, and this appears to be one of them. The grade looks to be accurate, but I'm concerned about the haze in the upper right quadrant on the obverse. Yes, crossovers do have to go on a separate submission form, and I believe NGC has the same policy. If you do decide to submit it, be sure to check the appropriate box to cross it at the same grade. This way, they won't crack it out if they don't think it will grade the same.

Chris

 

If the coin were mine and I was confident it would grade, I would crack it.

If you are anything but sure, I would try to cross it.

The coin, from the photos, appears to me to be a solid 65 PL.

 

Thanks for all the answers. I was also thinking this may have a chance for a MS66 but the area around the ear I had some concerns. I really don't know how to determine whether those are frost breaks aorund the ear or not. Also concerned if I crack it out and it either comes back a lesser grade or just geniune for some reason I can't see. I think I will try the crossover service and put down min grade ms65 PL and maybe hope for the bump to MS66. I think that is worth the extra shipping charge. I will let everyone know how it turns out. Thanks again!

 

Definitely post those results Craig. I know we're all gonna want to know the results. Good luck....

 

Thanks Ken. Should be submitting next week some time. So probably about 3 weeks. Will be fun to see what PCGS thinks.

 

Is it NGC or PCGS that makes you treat a crossover of any other TPG coin as raw, requiring you to crack it out and send in raw?? I know it's a new rule, but can't recall which company it is...??? If it's PCGS that requires this, I'd leave that coin be....as a matter of fact, I think I'd leave that coin where it is, as it is. As has been mentioned, those old 'gold' back label ANACS slabs have character (IMO, moreso than the old 'black' back labels), and are held in a higher esteem as, say, ICG or the NEW ANACS.

 

I haven't heard that. This is from the PCGS frequently asked questions:
Q: How do I submit a coin that was graded by another company?
A: The "Crossover" service is for coins previously graded by another grading service. Submit the coins in the holder and PCGS will grade the coins and put them in a PCGS holder only if the PCGS grade meets or exceeds the other grading company's grade. If the PCGS grade is lower than the other grading company's grade (unless a lower minimum grade is specified in the minimum grade column) we will return the coin to you in the original holder. Note: The minimum grade cannot be higher than the current grade on the holder. You will be charged the full grading fee even if your coin does not cross.

 

I believe that's only for PCGS's Secure Plus Tier. From their site:

PCGS Secure Plus (It's question #12).

 

I think the coin will most definitely cross and as GD was thinking, I think it has an excellent shot of getting bumped. Personally I wouldn't hesitate to try . That's a sweet looking PL Morgan . If your motivation for attempting to cross is purely for financial gain , I can understand . Quite frankly, if it were mine, I'd prefer to keep it in it's Original Holder .

 

Thanks. I do agree I like the coins in the old ANA holders but if it has a shot for MS66 PL that could be about a $500 bump in worth. Pretty much all of my certified Morgans are NGC or PCGS. I think it would be easier when I depart this earth it would be easier to value the collection for my daughter.

 

I did not take time to search my sheets to confirm the price difference , but that certainly is worth the expense of going for it. If you do, it's got a truly good chance at the bump . I trust the coin in hand suggests that to you as well . Have you had any local Dealers take a look at it ? It never hurts to get an in-hand second opinion before bellying up . Please let us know how it turns out. Thanks.

 

If you are hoping for an upgrade, I think you really limit your upside by not cracking the coin. PCGS tends to hedge their bets on coins that are slabbed -- they can't see the edge.

That said, once you get it in PCGS plastic (say at 65PL), you could always have them upgrade review it (where they crack it from the slab, regrade it, but at worst it will come back the same). A bit more expensive and time consuming, but limited downside.

Good luck & please do update us on what happens!

 

Good points.

 

I just checked some heritage auctions. This one sold for $862 MS66PL on Jan 9. http://coins.ha.com/common/view_item.php?Sale_No=1151&Lot_No=11808
There is a coin dealer I go to on occasion. About a 20 min drive from me in the DFW area. Problem is the roads are pretty bad right now. I might try to get this weekend when it warms up. Great suggestion. Thanks!