I have never done it...but quite a few people do. I think often times you get the same grade but sometimes you don't. Some people look for slabbed coins that appear to be graded conservatively, buy them, and resubmit them in the hopes of getting a better grade. This was very common for a long time with old PCGS slabs as their standards were more strict early on. But, the majority of those old slabs that would upgrade already have been and the remaining old slabs were the coins that probably wouldn't.
I'd be curious to see if you would get a different grade. It really wouldn't surprise me. Are you talking about resubmitting it to the same grading service? If you decide to do it please post the results.
There is at least two PR -68 (PCGS) '95 W ASE that can be deleted from the pop report.. Dang!! And to think I sold all that gold back then at 10% over melt and slabbed 68 except for the 50 which was a 69.....
Bought the set for 2k, sold the silver for 2500 and the gold basically for 1800 or so if my memory serves me right... this was 15 years ago though.. Great profit at the time.. just wish I'd have bought bags of Mercury dimes.....
Yeah I've read a lot of stories about coins being resubmitted to different grading services, but never resubmitted to the same service. I'm sure that's been done plenty too, just never heard of any results myself.
Yes. Some did, some did not. Mostly they came back plus or minus one grade or remained the same. FWIW, I was a bit surprised by the number of coins that did NOT come back in the same grade. I was expecting more consistency than I experienced (at PCGS).
it was maybe like 1994 ??? anyway... i bought a 1911 sandblasted Proof 64 NGC 2.5 IND for 21K from a dealer friend of mine.i immediately asked him to crack it out of the NGC slab and then about a month later i took the coin to Long Beach show and did the $100 PCGS walk through service and the coin came back PR65.
Sure, I've cracked out coins many dozens of times. Roughly speaking, 80% of the time the coins came back the same grade. 10% of the time the coins upgraded. 5% downgraded. 5% came back in bodybags. Bodybags are fatal and you will feel both angry and stupid for having cracked open the slab. Unless you are very sure of your grading skills and the coin, do not crack it. I would say never crack a coin with color either. Lance.
I was under the impression that you could resubmit for a regrade without cracking the coins out...and if they didn't meet a certain grade level, they wouldn't be removed from their current holder and reslabbed. This seems like a way to avoid that 5% ending up in a body bag.
Exactly. Or a cross. That really is the smart thing to do. Some folks feel there is a knee jerk reaction to a coin in a competitor's slab and that a fairer shake can be had raw. Or that the TPG will try to support its original grade with a regrade. Who really knows? Lance.
