This coin (MS66+) lists on greysheet for $1,300.00. But because it has a (+) designation, it could be sent to a TPG to be reholdered and come back a (MS77). At an (MS77) grade greysheet would value this coin to be worth $35,000.00. Would you payout $5,874.99 for the possibly of an almost $30,000 return? 1922 D NGC MS66+ Peace Dollar 51 product ratings $5,874.99 Was: Previous Price$6,249.99 or Best Offer
If the coin could really get that type of regrade and return, don’t you think the seller would do that themselves? No one in their right mind leaves 25k on the table.
My understanding is that the '+' means the coin has great eye appeal for the grade, not that it necessarily is 'almost the next grade'. That said, one of these is currently at auction on Heritage and it has been bid up to $7200.00 (with fees). The most recent sale was for $9000.00 with earlier auctions going for about $5,000.00.
Here is what NGC says about the plus: “NGC assigns a + to coins at the high end of their assigned grade, approaching the quality requirements for the next grade. For example, a coin graded NGC MS 64+ is close to the quality of a coin graded NGC MS 65. In addition to their superior technical merit, coins that receive a + must have above-average eye appeal.” https://www.ngccoin.com/coin-grading/grading-scale/ So a plus, with NGC, means both high end for the grade and above-average eye appeal. As for the OP’s coin, I agree with the others that the odds are low. The person selling it (or someone before) has likely tried multiple times to get the upgrade.
ddddd, I found that; however, what I couldn't find is the PCGS meaning of the '+' sign. I'd read somewhere that the '+' for PCGS was only a eye appeal designation but I could be wrong about that. Irrelevant, I know, as the coin is in a NCG holder. For my part I'm uncomfortable with the whole resubmit lotto. Getting an extra 30K out of a coin because the label seems wrong to me. -Gregg
It has what it takes to be a 66+ but it lacks something to make it a 67. The plus does not mean what you think it does. And just because the + is there is no guarantee it will magically become a 67 coin. No, I would not risk that amount of money on this coin. If I owned the coin and thought it stood a chance of a grade higher, I wouldn't sell it as a 66, I'd resubmit it myself.
The crackout/upgrade game is extremely difficult to win. Essentially, you’re betting that you have the knowledge of the series and TPG grading requirements to find something that other knowledgeable collectors/dealers have overlooked. Do you feel confident that you have that skill? If you feel you know what you’re doing and are as good or better than many of the top level dealers, then pull the trigger. Please note this isn’t a personal attack on your knowledge, it’s just an objective look at what is needed to win the TPG game. IMO, if you have to ask if it’s worth the gamble, then you probably shouldn’t take the risk.
If you decide to buy the coin you can send it to me. I'll grade it - if it is a solid MS67 I'll send it back and if not I'll keep it for you. I'm your friend in need.
At PCGS the plus is related to the grade but also has an eye appeal factor. “Plus Grades High end coins for the grade, i.e. "plus" grades, cannot have negative or below average eye appeal for the grade.” https://www.pcgs.com/eyeappeal Also, I found this from when plus grades were announced in 2010: https://www.pcgs.com/news/two-leading-grading-services-announce-plus-grading Where the following was stated by David Hall: “The term "plus" has been part of the everyday trading and grading lingo for years. The high end for any particular grade represents the top 30 percent of the scale within a grade and I estimate that the plus designation would apply to approximately 15 percent to 20 percent of the coins within any individual grade.“