2 Questions: 1. Does anyone know of a case where an OGH coin has been re-sumited and received a point or two higher grade? 2. Is there usually a resale premium on older P.C.G.S. green holders (OGH) because of tighter grading protocols used at the time? All Input sincerely appreciated, J.T.
1) Yes. 2) Many times. Caveat; I don't know of any repeat summits at which this occurred, but I guess it happens. (Don't hit me... I am just doing what I do, and I am old).
I'll add one caveat though.... If you're going to try it, make sure the coin in question will upgrade. Otherwise you will throw a bit of a premium at a coin that won't return what you're hoping. Still very much a case of buy the coin, not the holder.
OGH coins have upgraded plenty of times. If you find one that hasn’t been on the market for many years the odds are better compared to one in a coin dealer’s inventory (if he thought it had a chance for an upgrade, he likely would have sent it in-not always of course). As far as premium, the OGH does tend to sell for more. Sometimes it’s perceived quality while other times it is actually nicer for the grade. Before trying any upgrades, it’s best to examine the coin and judge it on its own merits. Also, take a look at what a one point or two point upgrade brings. This is important as the spread might not justify grading costs, especially since the OGH could sell for more than a generic holder in the same grade.
Definitely . . . Too many cases to cite. Premiums for OGH holders? . . . No, not necessarily. But the OGH holders definitely attract more attention, and sooner than do newer holders.
Question: Did the TPG companies not catch as many cleaned coins in the beginning compared to now? I don’t remember labels with Details or Cleaned in the first couple years despite seeing coins that were obviously under those categories. I had a free submission to PCGS back in the day and because I didn’t own anything worth it, I submitted a highly polished Walker half. Came back XF-45 straight. That would have been in an OGH. Rick L.
Details graded slabs weren't around for many years. 2007 appears to be around the time PCGS started doing details/genuine holders. Before that, any problem coins were returned back unslabbed (in what was known as a "body bag" by some-just a flip).
I have sold a lot of OGH coins the last year or so at auction. Most brought more than the more modern holders. The OGH did not help any coin that was just ugly.
I've done it. I bought a 1881-S $5 in a PCGS holder that was older than the green holder. Had a white label. It was only graded MS-60 and I'm like no way. This is much nicer. I submitted it to NGC at the 2011 ANA and they graded it onsite. Upgraded to a MS-62. Could have gotten a 63 and nobody would have batted an eye. Have to evaluate what's in the holder. Some people collect the old holders and would rather have them left in them. Other people would rather have a correct grade for the times with a modern holder. I imagine as time goes on there will be less and less of the old ones and anything left in them mostly won't be worth upgrading or will be fewer and further between.
NGC will still ship back a label in a plastic slip. I'm not sure what their guidelines are since I submitted a buffalo nickel and it came back in a details slab as whizzed. I submitted a CBH just to get it attributed and wanted it in a slab despite an X scratched on it, and it came back in a plastic flip with a genuine label.
There are a few items NGC will not slab at all: altered mintmark/date, questionable authenticity, counterfeit, and altered surfaces are a few I recall (interestingly enough PCGS and ANACS do slab altered surfaces). The X scratched CBH is a bit of a mystery. Maybe NGC was not comfortable calling it authentic? (although a simple X scratched into a coin should not make it hard to figure out).
It got altered surface designation. The scratches are fine and not that distracting but it was enough to come back in a flip. They did attribute it.
Altered surfaces is one thing NGC won't slab (I don't get it since PCGS and Anacs do slab these but NGC has their ways).
