Reslabbing

Discussion in 'US Coins Forum' started by morganmagpie, Mar 10, 2017.

  1. Marshall

    Marshall Junior Member

    It is not difficult to become better at judging coins than commercial slabbers. I suggest doing that and buy the coins, not the slabs.
     
    Johnnie Black likes this.
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  3. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    People put too much faith in the printed numbers on the little paper inserts and have little idea how to judge the coin inside. Again, it is a "Buy the coin and not the slab" thing.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    Your question is a legitimate question, and one that has been asked a thousand times. I would even say that every time this subject has come up over the last 15-20 years that same question is asked, and with good reason.

    The scenario and reasoning is this. Are you better off to leave a slabbed coin in the slab when submitting it to another grading company, or cracking it out and submitting it ? Those who argue in favor of cracking it out typically do so because they are afraid that the coin being in another company's slab will create a bias at the new company causing them to under-grade the coin. They "think" they have a better chance of the coin getting a higher grade if it comes to them raw that it does if it stays in the slab.

    But there is absolutely no proof that this is the case. It is merely what they "think".

    A big part of the reason there is no proof is because when a slabbed coin is submitted to another company for grading, that coin is first cracked out of the existing slab before the graders at the new company ever see the coin. So there can be no bias because the graders see the coin in its raw state no matter what.

    The only time this sequence of events changes is when you submit coins for cross-over. And under the cross-over rules the coin must remain in the slab anyway. So coins submitted for cross-over are not even in this discussion. And besides that, NGC and PCGS will not even accept coins for cross-over in any slab other than an NGC or PCGS slab.

    Bottom line, it doesn't matter if you crack the coin out or not because it's going to get cracked out before the new graders see it no matter what.

    But like with most things there are exceptions. For instance, and I don't know that this is still the case but it certainly used to be, under certain grading tiers you can submitted a slabbed coin and request that the coin remain in that slab, and be returned to you in that slab, unless the graders think the coin will upgrade. If they do not think the coin upgrade, then it is left in its original slab and returned to you.

    So that is about the only time you would ever wish to consider the question you are asking.
     
    Johnnie Black likes this.
  5. micbraun

    micbraun coindiccted

    NGC/PCGS currently don't allow a min grade which is higher than the currently assigned grade:
    https://www.ngccoin.com/news/article/1335/
    http://www.pcgs.com/crossover

    Both companies may grade a coin higher though. PCGS accepts NGC, ANACS and ICG coins, while NGC will only accept PCGS coins.

    And yes, PCGS will ask if you want to have the coin crossed over if the new grade would be lower than the current grade.

    I am going to submit three coins for crossover soon, however I do not intend to make any profit, it's required in order to add them to my NGC registry set.
     
    Last edited: Mar 11, 2017
  6. baseball21

    baseball21 Well-Known Member

    NGC only accepts PCGS, PCGS accepts crossovers from any slab. During the PCGS cross over promotions they usually limit it to NGC, ANACS, and ICG to prevent a flood of basement slabs but they don't have the massive restrictions for cross overs that NGC does.

    Edit: The website is looking like PCGS has changed to limit the crossover a little bit but in the past they have said on CU they will take a look at any slab if you want to pay for it
     
    Last edited: Mar 13, 2017
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