Worth the re-grade?

I recently purchased a 1942-S Washington Quarter graded MS-67 NGC, but it's in an old holder. I probably jumped too quick once again on something I shouldn't have, but I'm living in learning one mistake at a time. So I'm trying to get opinion on if I should crack this coin out or not leave it as is and try to sale it to make some of my money back.

 

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It may be graded 67, but that fingerprint would be a deal-killer for me. Given the fact that it is in an older slab, you have to think that the fingerprint has etched itself into the surface of the coin.

I don't think it would upgrade.

Chris

 

Yea, that's been the number one problem I have seen. I have looked this coin over day in and day out pondering what I should do, but I'm stuck. The gain on it re-grading at a 67 is significant, but the loss is too.

 

i am not 100% clear on what your possible options you are considering are. is one of them cracking it out and selling it raw? if so, i think that is a bad idea if your plan is to not keep it and try to recoup the money you have into it. i would just sell it if you dont like it. the fingerprint is not a big deal to me, obviously the grader saw that and it still earned a 67...and why would you regrade it? you run a few risks with that option; first being new cost of grading.

 

The head of CAC absolutely LOVES to sticker his old NGC holders like that one. He was the grade finalizer at NGC at the time. It's only $10 plus shipping to send it to CAC, right? That IMO will increase interest and the final sale price.

 

Were you hoping to get this into PCGS plastic or....?

 

rysherms- No, I don't plan on selling it raw haha I agree that's a horrible idea.

C-B-D- I like this idea of sending it to CAC. That IMO re-certifies the grade that it has on it now.

 

No, maybe I'm confusing everyone. But, from what I'm getting it being in an old holder graded at MS-67, if one day I try to sell this off it's not technically at value unless it's in a new holder? I just want to get it re-graded into a new NGC holder.

 

People collect the old holder NGC coins, and many believe they were more accurately graded back in that era. Just send it to CAC. Low risk - high reward.

 

Sound's like an idea I literally didn't think of haha. Thank's everyone!

 

Umm... no. While there are some who prefer older holders and others new, but if you can get someone to overlook the print, it's not likely to make any real difference. With that said, if you want newer holder, just look into a simple reholder.

 

Old holders are generally far more desirable than new holders. Regardless, the coin might grade MS67, but the eye appeal is significantly worse than the grade.

 

Yeah, I'd leave it be. What Tom said..........

 

Can't you send it in to NGC and just get it re holdered without grade reconsideration? Just pay $15 plus shipping, or something like. I despise the old NGC holders and they tend to sell for less than newer ones (in the coins i deal in) and would love to send in some of my higher grade old holders for newer ones.

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Thumb print is a killer.

 

I just had an NGC coin reholdered because it looked awful in the older holder- which was also kind of bunged up around the edges of where the coin went in. It's a small coin and it looks a lot better in the newer holder. I think larger coins generally look fine in the older style NGC holders - but not small ones. It was about $40 including shipping (most of that was shipping). But in this case, it was worth it as it looks a lot better and it was a reasonably valuable coin.

 

I have a cameo nickel which is in the old holder and is scratched up and I bought it for next to nothing. The nickel has an extremely low population so I think if I get it re holderd I would be able to sell it much easier and for a lot higher price. It's hard to even see the details on the corner. I agree about the smaller coins. I have a few Roosevelt dimes in the old holders and it seems to get lost in the big white mass.

 

Yeah, the smaller, thin, light coins like dimes and small gold coins get twisted in the holder so they wind up at an angle in the hole - and you can't see the edges at all. The new holders are better for those coins. Another benefit is that the NGC website posted a picture of the coin the new holder - there was no image in the previous holder.
Same certificaton #. I think that helps sell a coin too - certainly can't hurt. Now, old PCGS green holders- different thing.

Duk

 

Good idea, but you have to find a CAC submitter, and it will cost $12.50, plus shipping to and from which could easily run $25 more.

Next time you are thinking of buying get a second expert opinion. Repeat to yourself, "I do not need to buy this or any coin". Sometimes good things come to those who wait.

 

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