Crossing NGC Fatties to PCGS

How have you done? Any upgrades?

 

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Some people felt that PCGS was tough on the old rattlers while others thought that NGC was tough on some of the fatties. And, there were others who thought that the original ANACS was tough on everything. Buy the coin, not the slab!

Chris

 

Quite true, however the slab virtually insures a higher selling price almost always.

 

A higher selling price as opposed to what? An undergraded coin? A raw coin? You've got to know what you are looking at before you make a blanket statement like that.

Chris

 

I think he's saying that if you compare two equivalent coins, say an 1881 Morgan in 64, the one in the old holder will sell for more.

That may be true for some slab types (not sure what the OP has). I think it is more likely that the older hold will be easier to sell (sell more quickly) than to sell for a higher price.

 

But, that isn't what he said.

Maybe yes, maybe no. It still falls back to the saying, "Buy the coin, not the slab."

Chris

 

I agree with physics-fan: The older slabs and the photo grades are going for unusually high asking prices. There's a growing market on collecting slabs. Check out EBay on old holders or old slabs.

 

True enough. Guess I'm referring to the average completely uneducated buyer.

 

No it doesn't all a slab means it someone laid down some money to have someone else tell them what they believe you are looking at.
What is true ....it matters not what you buy....what matters is what you know. I can show you several slabs where the cost of grading exceeds the coins worth.
So a piece of plastic doe not ensure value...if value wasn't there in the first place.

 

Yes, but how many times do you think those old slabs have already been resubmitted for crossover or upgrade?

Chris

 

And when a gold sticker is put on it...

 

All true I suppose. Knowledge is always king and that's a given. Same coin slabbed though goes for more and sells for more routinely. Someone as brilliant as yourself may not always purchase a slabbed coin over the same coin unslabbed but many others do. The slab is guaranteed to be a stated grade. Non slab is not. Really quite that simple to the average coin collector/buyer.

 

Again a blanket statement that in many cases isn't true!
Take two ASE's one is a 69 the other a 70 which do you think the aveage person would buy?
Not the 70 as to the premuim placed on a perfect grade....show me the difference ?
A slabed coin vs raw it matters not if the buyer doesn't know what they are looking ar....as there are many fakes slabs out there on the market.

 

That's simple: None if they are in original old holders. Submit a 'Fatty' you don't get a Fatty back.

 

If you specify a higher grade when submitting a coin for an upgrade or crossover and it doesn't make that grade, it will not be cracked open. It will be returned to you in the original slab.

Chris

 

Back to the original question, playing the "crackout game". I have a number of Morgans in fatty holders that are nice for the grade, but none that I think are a lock to upgrade. I've never tried. But I do believe the vast majority of old holdered coins have already been evaluated by someone(s) for their upgrade potential.

 

Zackly!

Chris

 

It's best to leave the coins in the old holders when you can.

Years ago I had 1794 half dime, that was in a green label PCGS holder, put in a new holder because the slab was scratched. The green label went with the old holder. I now regret doing that. It would be potentially worth more with the green label.

 

An issue here is: Will you get more if you crack out an old slab (fatty, OGH, etc) or more if you keep it in it's original slab. What would be the price today of a MS 63 Morgan in an original NGC Black Slab as opposed to cracking it out and hoping for a 65?

 

I like coins in old slabs better, especially when the coin is nice. And yes, they bring strong prices. I would rather have the old slab than a slight bump in grade. The coin will speak for itself and the old slabs are stable and cool!!