General Question to the membership: Some of us crackout coins on a pretty regular basis, myself included. What do you do with the TPGs Grade & Documentations after removing the coin from it's slab? As we all know this documentation goes into the general reported population of each TPG graded coin. For example if you crackout an NGC graded XF-45 1830 CBH which was 1 of 36 with that grade. Now there are technically only 35 with the grade. Do you notify the TPG or just throw the remains of the slab (documentation and all)away? I hope this question is explained properly, LOL... Ben
i have never cracked any out. and as much as i am sure some people will post that they send the documentation in, i feel the community at large outside this forum, never do. Might help explain why the price guides are so overinflated....
Not sending the grade labels back in has the opposite effect on price guides. In other words, the larger the population is the lower the price. Sending the labels back in decreases the population - low pops help keep prices high. High pops make prices drop.
I don't know all of them, but the three I sent back to PCI a couple of years ago were returned back to me as undeliverable. Yep, the envelope was marked Return To Sender. Just like Elvis...
ICG give a 1$ refund for every crack out than you return. Not worth the postage and time, but does help to keep the pop report more accurate.
Hmm, I've cracked out probably 10 coins...all NGC/PCGS except one SEGS. I saved the inserts for every single one of them. Maybe I should think about sending them back in.
They (the TPG'ers) are supposed to delete them from the pops. I save them for documentation unless they are re-slabbed.
I save them, because they usually go into my sets. I take a picture of the coin in the slab before I break it out. Mainly for my reference. If I send the coin in for a regrade, I trash it. But I dont send many in for regrade.
a few years ago Steve Contursi, of Rare Coin Wholesalers returned a boat load of inserts and donated the proceeds to the ana...close to $14,000 i believe. linky to story below; http://www.pcgs.com/articles/article_view.chtml?artid=4347&universeid=313&type=1 it is a pretty good indicator of how accurate [or perceived accuracy] these pop reports are.
Awesome Avitar! Alan Greenspan as Yoda. I love it! Maybe you could just send them an email to let them know when you...um..liberate a coin. ATTN: The part about emailing them was a joke. [edit, after realization] He's green! Get it, GREENspan? GREEN, hi-LAR-ious!:mouth:
I've got a highly ranked PCGS Registry Set that consists of inserts. PCGS will pay 50c for each insert returned. Other than the ones for my Registry Set, they get saved up and will be returned. ICG gives you $1 credit (50c for moderns) when you return an insert. I just tape these to a submission form whenever I submit coins and they deduct the credit from the cost of that invoice. NGC & ANACS give nothing. I save them up and drop them off at shows. However, I've got a 150-200 from a certain series and I do not plan on returning these any time soon as I do NOT want the population reports to reflect the crackouts. These would severely affect the pop totals.
However, I've got a 150-200 from a certain series and I do not plan on returning these any time soon as I do NOT want the population reports to reflect the crackouts. These would severely affect the pop totals.[/quote] Which would also affect value if the pop was small enough.
Savy dealers, and to a lesser extent collectors, would know what had happened and would be wary of new product entering the marketplace. I think your decision is a wise one Greg. I know that we routinely return our crackout labels. It is common to see a mail tote full of them sitting around the office waiting to be sent back. The 50¢ each refund makes it quite valuable to us to do that.
