if i have a coin slabbed by NGC or ANACS with MS61 and I like to submit to PCGS to cross over to their holder. Question: 1 - does it always come back as the same grade or sometime it will come back lower or higher then MS61? 2- do PCGS take PCI or NTC slabbed coin for crossover??
Are you looking to have the coin graded higher or just get the coin into a PCGS holder? If it were me, I would not pay to have it regraded if you are only looking to put it into a new holder. Grading coins is subjective, the coin may come back higher or even lower.
It can come back the same grade, lower grade, higher grade or body-bagged. That is the gamble you take when submitting coins for crossover. In fact - you can re-submit a coin graded by PCGS to PCGS and have it come back graded something else entirely or even body-bagged. Yes they do. The same things I mentioned above may happen. My question to you is - why would you want to ?
Yes - it means the coin comes back unslabbed and yes it means you still pay the fees. A coin can be body-bagged for various reasons - cleaning, damage (which can be anything from a scratch to corrosion), altered, outright counterfeit or artificial toning. There are more reasons but I can't think of them right now. And yes, ANACS will still slab a coin as long as it is genuine and has not been altered. But they will net grade the coin - which means the grade will be reduced, sometimes substantially, depending on the problem.
the reason why I am thinking of the crossover to PCGS is because 1- the value of the coin will be higher in case I want to sell it back out to the public (In PCGS MS61 will get more money then if it is in a NGC or ANACS holder with MS61). If it gets a better grade that would be a few hundreds dollars up in the coin's value. 2 - population statistic - PCGS keeps a good record of all coins they graded, NGC and ANACS is not updated. Some coins will not even be registered, therefore I will never know how many of the same coin/grade is out there. 3 - I was thinking of cracking it out of NGC or ANACS's holder, but I have never done that..I might accidently damage the coin. Therefore, just use the crossover method.
Hmmmm - don't know what makes you think NGC and ANACS do not update their population reports Contrary to what many believe - it is not a given fact that a coin in a PCGS slab will bring more at sale than the same coin will in a NGC or ANACS slab. I will agree - that about 2 years ago this happened often. It happens much less now. I understand your point about the potential if your coin is upgraded - but what about what happens if it is downgraded ? Or God forbid - if it comes back in a body-bag It happens ya know. And it happens more often than most PCGS fans like to admit. Among most seasoned collectors, PCGS is known as perhaps the most inconsistent of all the grading companies. Even the surveys done by the PNG and Coin World show this to be so. Food for thought.
GDJMSP makes a great point. The difference in value between PCGS and NGC are growing closer everyday. The sightunseen market is about the only area where the difference still shows up. If you have a key date or better dated coin, the slab holding it is really not going to make a difference. (As long as it is the top four). Most dealers DO NOT buy slabs. They buy coins. More collectors are following this suit also.
From what I have seen, NGC and ANACS command the same price range as PCGS. I have noticed it more and more in the past months. Keep in mind that the market I watch is eBay, which I think is leaning more and more toward the Big Four slabs because there are so many lower end slabs being sold there. If I were you, I'd leave it alone.
reply to National dealer: "Most dealers DO NOT buy slabs. They buy coins. More collectors are following this suit also." Yes, I agree with you that most dealer buy raw coin, but as for collectors...my area of interest are machine struck silver dollar from China's Ching dynasty and Republic Era before the communist. There are alot of fake and counterfiet out there on this category, I mean high grade counterfeit that can easily fool even dealers. I would only buy coins that are certified by the PCGS, NGC and ANACS. I see a lot of so called "Rare chinese coin" in ebay, but I would never touch them. I learn my lesson already and paid my dues...lol
Sarawakian, I believe what ND meant by "buying the coin and not the slab" is that they are judging the coin for themselves and not automatically taking for granted that the grade on the slab is accurate. There are still plenty who collect only slabbed coins, but the ones who base their decisions on the appearance of the coin instead of just taking the grade on the slab as gospel are making better purchases.
Ive kind of resorted to buying slabbed Jeffersons mainly as Ive been out of this hobby for so many yrs. and I need some examples of graded coins in order to help when choosing some raw examples. As to PGCS Slabbed over say NGC.. Ive been doing better with the NGC at lest on Ebay and Yahoo.. seems prices are a bit better... at present.. My big issue is on the Full Step grading.. NGC Does both 5 and 6 steps.. where it seems PGCS does only a FS rating.. I don't think I would really send anything I get slabbed from one or the other to be slabbed by the other and take the chance... Just My opinion...
It has only been within the past couple of months that NGC finally agreed to change their policy regarding the FS designation on Jefferson nickels. Before this change - NGC would only assign the FS designation to coins with 6 full steps. PCGS on the other hand has always assigned the FS with 5 - 5 1/2 or 6 full steps. NGC finally gave in, after many years, to pressure from collectors who wanted the designation on their coins with only 5 full steps. If that's what the majority of collectors want - fine. But it doesn't really sit well with me. I mean - a coin either has full steps or it doesn't. In other words - close don't count. But hey - I don't collect Jeffs anyway. Even so - it's the principle of the thing.
You make a very good point, GD. I mean, either all the steps are there, or they aren't, right? As I'm sure you will agree, TPS's will designate just about anything, if there is enough demand for it. Adolf Weiss' PAC Full Step Nickel Club, CONECA's Jefferson nickel "club within a club" operated by Rich and Sue Sisti, and Darrell Crane's "The Jefferson Full Step Nickel Club, were all influential in the price guide's decision to start listing nickels with FS's. I believe I am correct in saying that there are a few dates/MM that are unknown in 6 full steps. So, if a Full Step club, and it's members, want to put together complete collections, the definition of "Full Steps" has to be defined another way. I think that's how we now have come to know coins with less than 6 steps, but no less than 5, as Full Steppers.
