1890-S Double Eagle Gold - back from crossgrading

Here's the original post showing our discussion on my coin before I sent it in for crossgrading: https://www.cointalk.com/threads/1890-s-liberty-head-double-eagle-gold.266656/#post-2203671

So I submitted my SEGS certified 1890-S Double Eagle for crossgrading to PCGS (since NGC wouldn't cross), but I allowed 'anygrade' because I was confident it would move up a point. Oh boy, I was wrong about that... lol.

These guys are crazy!... I have owned and seen plenty of 62's for this series and my example is no where near a 62. I would say on a super duper conservative day it would see 63+ and on any normal day this is a solid 64 with a shot at +.

Options:
1. - I accept the PCGS grade, stop crying like a baby, and move on.
2. - I resubmit for an 'reconsideration' to get a higher grade from PCGS
3. - I send in for a crossgrade to NGC and hope it upgrades

Five MS64 examples below (for your comparison):

With a CAC sticker


PCGS MS64 example 2

PCGS MS64 example 3

NGC MS64 example 4

NGC MS64 example 5

I look forward to your thoughts and suggestions. Thanks!

 

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So... what did it grade? I don't feel like looking it up

 

Sorry, I meant to have that in the original post... MS62

 

I'd resubmit and state why and I'd give examples of other Gold Double Eagles to support your reason for resubmission. As The Dark Side would say, MAy The Force Be With You!

 

I would have called it a 64.

 

You should have cracked it out of SEGS, they (NGC & PCGS) hate anyone but themselves

 

Is there any areas of impaired luster ? Your coin looks clean enough for a 64 especially for a large gold coin . Usually there's a reason for the grade given . If the luster isn't impaired anywhere , I'd send it in cracked out one more time like Frank said .

 

Wow that's ashame

 

No impaired luster... she's really nice. I just think they simply got it wrong on this one... which is just my luck, lol. On a serious note though, there's alot of 'coin' at stake here.

 

That's a big money coin in higher grades; I had an MS63 once, same date, mm and denom. I bought it in an old PC holder, 62, it had stuff on the surface that came off with acetone and graded 63 at NGC, $5K plus as a 63, lots more as a 64. This was mine that HA sold: http://coins.ha.com/itm/liberty-dou...Auction-Archive-PreviousPricesHeritage-081514

So yours graded 62. I saw an old Anacs 63 recently that was at best a 62+, of course the dealer wanted over $5K for it.

http://www.pcgs.com/cert/32990887

 

Crack it out and re-submit again and again til you get an MS63.

 

I'd get some expert eyes to view it in hand before you waste a bunch of money.

 

Thanks for the concern. I had plenty look at it before hand. The concensus was 64. I feel confident in the grade... I'm just curious what other members would do.

 

When you asked about this elsewhere, a strong plurality of experienced people (myself included) considered it AU58.

If it's Mint State - could well be; I think it a slider - 62 ain't enough. 63 at least, maybe 64.

 

While that is about the prettiest 62 that I've ever seen, it does have a few problems that could have limited the grade. The most noticeable is the distraction on the ribbon just above Unum. I can't tell if this is just a strike, planchet problem or if it took a hit, but it sure doesn't look right. Second, the coin has some nice patina, but is rubbed off of the high points. Third, it's not a great strike, but that shouldn't limit it to a 62 by any means. Having said all that, I believe you got hosed. You should always crack out of third and fourth tier TPG slabs. I'd send it back for reconsideration.

 

Thanks @Kirkuleez. I agree with your assessment and all of your points are exactly what I was thinking before submitting and still are today. My one difference/mistake was not cracking it first.

Thank you for your detailed suggestion.

 

Bingo!
Not sure how everyone else would handle it at this point, but I think you might do well by crossing it to NGC now?
My only concern with sending it back to PCGS is that they might agree with their previous grade more than logic itself.

 

Looks to me like an easy MS-64, I would send it in again for sure.

 

It could be locked below the 63 grade. If the experts over at PCGS made that assessment I would live with it. Lack of marks, and strike may make it look high grade, but lack of luster and a little bit of high point friction may hold it below the 63 level. Luster counts for quite a bit more than marks oftentimes. Of course people could try Anacs or ICG for the higher grade, but who cares or pays near GS for those in higher grades?

 

To your point, my example has as much luster as the MS64 CAC that I show for comparison sake in my original post. I agree that luster counts for alot and that's why I was highly surprised with the grade by PCGS. They simply missed it on this one. They don't get it right every time, and my coin happens to be one of them.