I had no idea when crossing to PCGS you can get an upgrade. I sent in 2 coins for cross grading because they're both in older holders that are beat up/cracked and was shipping coins to them anyways. First was an 1887 NGC MS67. Great eye appeal, fantastic luster, only concern was the surfaces which I consider borderline for a 67. If I had to bet I would have bet that it crossed, maybe 55% confident. It did not cross: So that's not great news. But the second one more than made up for it. Was a 78-S in an old beat up NGC fatty MS65: and to my surprise it upgraded to a 65+! Pretty nice price jump with this date/mm from 65 to 66 so on paper it paid for my whole submission even though the rest of it didn't go great. Anyone else have luck actually getting an upgrade on a cross?
Nice!! I have yet to do any cross overs. I barely do any grading submissions at that. I may have to give it a shot sometime. My biggest problem is I like old holders.
Yep this was one of your favorites but it was cracked really bad and that was the only reason I sent it in. I'm a huge fan of the old fatties and also old ANA/ANACS holders too it's tough to crack those for me have to be in bad shape or horribly under graded.
Now you need to send it in for a re-grade. Obviously one or more of the graders liked it as a 66 through the plastic of the NGC holder. As a regrade, they crack it out and review it raw with a guarantee not to go lower.
Is that different than reconsideration then in that they crack it to review? I don't think this one is a good candidate, it definitely looks better than those pictures (specifically way more blue than black) but I just thought it was a nice 65 that I may send to CAC, the + is already a huge bonus think trying for higher would be pushing my luck
It doesn't happen to me often, but I got a NGC PR65 Walking Liberty Half crossed over to PCGS PR66 once.
My understanding is that reconsideration is similar to a cross over in that they keep the coin in the original plastic where you can set a minimum grade to crack the coin and reholder. If the coin does not pass the minimum grade you set, they send it back in the original holder. Regrade is where they document the grade on the original holder, crack it and let the graders look it over and grade it as normal. The guarantee is that it will not come back lower without the PCGS grade guarantee kicking in. The upside to a regrade is that a new cert number is generated and you can't trace the coin's history of upgrades.
Is that true? Grading sounds more and more like big money-making scam. If we know we will at least get the same grade, we now have an incentive to keep sending it in until we get a higher grade. These graders also seem to have an incentive to give us a high grade every now and then so we'll keep coming back. For instance, the OP sent in multiple things for grading, and with one grading high, he feels the higher value it will now command has covered his cost for the entire grading. In scenarios like this, there's incentive for the grader to be generous in at least one given grade in order to please the grader so he will submit more items for grading. The net result of all of this seems to be that grading companies will flood the market with some items graded higher than they should be.
It's very expensive to try. Sure there are coins with major price jumps from one grade to the next where you can play the game but the vast majority of people would just be lighting money on fire trying to keep sending a coin in. Even if a price jump is say $500, are you going to keep paying ~$50 at something that has a tiny chance at upgrading over and over? I think the part about them giving one high grade to keep us coming back is being a little paranoid.
Welcome to the world of gradeflation and the crackout artists. There are dealers and others with very deep pockets who can afford to keep paying the grading fees on top of the shipping and handling fees to try and make the next grade. But as @IBetASilverDollar explained, most people do not have the deep pockets or the patience to keep submitting. Some people scream conspiracy and others not. But let me tell you, every time you send a coin in, you pay them for the opinion wether or not the coin grades higher. So yeah, the TPG's have incentive to throw the submitters a bone every once in a while.
