Reported population of graded coins is inaccurately high.

This has to be. The only question is how much? 10% more?

Every time someone cracks a coin out and resubmits it, the supposed/reported population increased by 1, but the actual population is stagnant. Probably almost no one goes back to the TPG to report that the previous slab is now empty, except for case of requesting a regrade for error.

This could also be a great trick for an insurance scam. Get the same coin graded 10 times (for a hundred coins) then report a big robbery.

Further nearly every stolen coin is probably cracked out, so even though it remains in the list it is no longer a graded coin. It may get resubmitted some day, but that will increase the reported population.

Are there other reasons?

Is there any scenario that could make it low?

What do you estimate the crack/resub rate is?

 

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really doesn't matter, no 1 is cutting out the 1 of 1, none higher anyway, thoses are the coins that bring the highest amounts of money, anyways, so people cutting out coins, are lower graded ones, which the price isn't much different, a grade or 2, there are some exception to the rule, thats for sure

 

Thieves who steal coins are too dumb to crack them out. All they want is a cheap fix anyway.

Chris

 

Eventually, the cost of the laser identification and data availability will extend to the average dealer and high end collector, who can do recording outside of a TPG environment, and a public data base. Perhaps with higher resolution of cell phones, a good photo ( ) might use an app to compare visible markers on a public depository.

 

The future of technology.

 

I'd bet that the greatest discrepancies occur at the lower and the difference between the actual and theoretical populations decreases as the grade goes. someone may crack out 65 several times but stop when it gets a 66.

I think I recall someone addressing this on another thread in last few days. Their logic was that many coins would creep up a grade or two over time, but eventually would no longer be re-submitted when it reaches the desired grade.

 

This would be the case with modern coins, but it is the exception not the rule with earlier US coins. The people who crack and resubmit don't do it just to make forty or fifty dollars. There can be serious price jumps for a grade point or two and these are generally the coins where population matters the most.
If we take a coin with a pop report of 100 in all grades between both NGC & PCGS, how much would it affect the value to discover the 100 coin figure only represents 40 specimens that had been reslabed in some cases multiple times.

 

thanks for picking up, where I left off

 

My dad has 1 of them coins, gold commemorative, 1926 2 1/2 dollar sesquicentennial, its graded ms-65 pcgs, but, its better then that, 65 is worth 2800.00 dollars, 66 is worth 9800.00, but, don't think I would crack it out, to risky, I would send in for a regrade

 

With prices like that, it's definitely worth trying for a regrade Rick! And I think that's the problem so many are facing, last month I heard someone here talk about having to submit the same coin 5 times before he was happy with the grade. I believe the Coin World article, but I wonder if the 20% is an overall statistic? It must be. But certain dates are going to have to have a much higher re-sub rate. Here's my pile for this month.......most don't count, being old ANACS, basement slabs, and problem coins, but still I have no issues cracking PCGS holders.

 

Thank you.

So in general graded coins are that much rarer that population reports indicate.

 

Just out of curiously- why would you crack out a details coin?

 

Sometimes a coin that was lightly dipped (enough to be labeled cleaned 20 years ago) will have developed nice toning in the meantime..... Market acceptable toning, hopefully. The NGC one is for my raw type set though great coin at a steep discount lol

 

How do you crack a coin out of its holder properly? The last time I tried to do it, I almost scratched the coin

 

I just tap around the edges (the seem) with a hammer. It's very easy with those old small white ANACS holders....PCI too. NGC is the same method, but tougher......quite a few hits, you just want to try and fracture the seem. The rubberized insert gives some cushioning for the coin in case you hit a little too hard though.

 

I was trying it with a PCGS Rattler holder. I hit it with a hammer many times around the edges but it wouldn't crack. Are PCGS holders harder to crack?

 

Thems are fighting words brother. I LOVE those white ANACS slabs and have found for the most part they are accurately graded. I'll put it this way. I sent off my entire collection of small white ANACS holders to John Albanese for his evaluation (but NOT to be stickered) and I was pleasantly surprised at his analysis of my coins. They were pretty solid for the most part, some had an issue or two, but I am confident that all of my coins would grade very near the same level at NGC or PCGS. I even had a few coins that would've been sticker worthy if they were in the correct type of slabs.

Again, John did note a couple of issues, but at the same time I believe those issues were minimal and would've still been passed at any other TPG.

 

Lol, I agree wholeheartedly! I love small ANACS holders too, especially the early ANA-PNG ones, because they seem to get the best target toning around! The only problems are the under graded ones But they don't count in this case because I don't think ANACS has a census or pop report. Could be wrong about that though, not really sure.