Can NGC upgrade coins? Yes, I’ve seen it, but not for 67/68 grades (I think more focus on getting the grade at PCGS because they know those will sell for higher). One example was a 65 Morgan that I bid on in a PCGS holder that later showed up in a 66 NGC holder. I’ll see if I can link the pictures.
Here is that example. It sold on Stacks (as a 65) at the end of February 2018 for $1,860 and then brought $2,747.25 at Great Collections (as a 66) in April 2018.
I can only wish. Unfortunately it’s completely unpredictable. A lot of the coins, like some of the ones I posted here, look fully maxed out to me or at least not deserving anything more than a 1/2 point bump. But then I see them upgrade and end up wondering why. A few of the coins that I have in older holders looked more deserving but they did not receive the kind of bump up I’m showing here. Maybe I need to keep submitting, but at some point spending money on grading fees gets expensive and it ruins the fun of collecting.
If you're in it for fun, you'll always be outcompeted by those who are in it for money, and do enough business to know the odds. ("About 80% of these are graded accurately, 10% are a point high, 10% are a point low. A one-point bump gives a $5000 value increase. I'm willing to gamble, let's see, carry the two, about 27 resubmissions to try for that bump. Let's go!")
It’s true that if you’re in it for fun, you’ll be outcompeted. And even when it’s for fun, this stuff matters since getting the coin you want keeps costing more (or one is even completely priced out of certain coins) as it gets upgraded to higher grades.
Conversely, as grades inflate, the honestly graded equivalent specimens (that haven't yet been run through the resubmission mill) will tend to get cheaper. So you still might end up getting a better coin for less money down the road.
That’s the hope. Unfortunately that’s not been my experience lately. What I’m seeing is either 1) people bidding up some of those honestly graded coins because they are also hoping for an upgrade Or 2) people asking multiples of auction results for the honestly graded coins since they believe them to be undergraded One of the ways to get a deal is to find a coin that has been tried for an upgrade multiple times and never got it, especially if it comes up for auction in a new holder in a relatively short period.
I am going to get me a hair dryer, oven mitts and make me some expensive toners. Just think of all those 64 nickels!
I started a thread on CU, referencing this one. We'll see what happens. https://forums.collectors.com/discussion/1027867/should-toning-bump-the-grades-on-coins/p1?new=1
You’re a brave soul. What I’ve read so far seems tame, but with how quickly they lock and poof threads, I’m not certain if this one will remain long.
It didn't get heated and the mods either didn't see it or decided not to click on the link back here.
And the population census are going to be off because as I understand it they don't coordinate when coins cross. If a coin is re-graded within PCGS or NGC, do they make the adjustment in the numbers in-house ?
But even if you and others THINK it is undergraded, the gist of this thread is....it might not (ever) get it. From PCGS...or NGC.
I don't know about that particular Franklin, but CU had a thread a few years ago where a Franklin went from a $400 coin to $12,000 with a nearly 2 grade upmove.
The thread is gone (or at least those posts are). From what I recall, he bought the $364k Mercury Dime from Legend (that had been upgraded to a top pop and referenced here before). Laura isn't a big fan of him (don't know why-maybe because he is being helped by the people at David Lawrence instead of her company). Dell Loy Hansen is trying to assemble the ultimate collection. The article below has the details. https://blog.davidlawrence.com/ecli...shot-for-the-greatest-collection-of-all-time/ Here is the link to the CoinTalk thread about the $364k Mercury dime: https://www.cointalk.com/threads/ca...erything-that-is-wrong-with-our-hobby.342431/
The only time populations are adjusted is when someone sends the label back to the tpg. If it is cracked or crossed to another company, there is no way for the original company to know and thus the reports can't be updated. That is a good thread. The $100k Franklin (actually $129,250) was a fun story. It started as a 66FBL before getting up to a 67+ FBL. There were a few owners and apparently it was offered in the 67+ holder for $12,000 at a show. No one bought it and it went to Legend where it was bid up to the $129,500 price. It took multiple attempts before the final upgrade (rumor is $5k was spent on all the regradings). https://www.cointalk.com/threads/19...ms67-fb-cac-sells-for-110k-at-auction.324310/