There was a coin I was interested in seeing opinions on the Great should I post the the queen with a GTG post. Most every single person responded that they thought it was at least one point higher. Then I posted the same point photos under should I crack this out. Every single person told me no I thought it was a very interesting that everybody thought it was higher grade on a GTG thread get the same photos get the same message board response where no one thought it was a good idea to crack out. I did this couple more times just to see what would happen and each time the average grade people thought it was significantly higher yet every single time I was told not to crack out by pretty much every poster. Any thoughts on the psychology of this?
What grading company is it ? PCGS or NGC or ANACS ??? If it is 1 of these 3... I would leave it alone and not crack it out.
@delila1 …as said, if already in one of the Big 3, leave as is. The other thoughts I had was it may not be worth cracking and re-submitting. Ask yourself if the one point uptick takes the coins’ value with it enough to be worthwhile. And, is the risk acceptable to be told the grade was correct before?
The psychology has to do with submission to authority. When we don't know the grade, we get to be the authority. When we know the grade, the authority has spoken and we defer to it. It's a common dynamic in all human affairs. It's why most people are sheeple.
Something else to keep in mind. Folks here gave opinions based on images. They did not get to actually hold the coin. That is why it's called GTG.
There is also the factor that we aren't necessarily grading it for ourselves, we are trying to grade as the TPG would grade.
At the same time they had the exact same image for both GTG and crack out. So people didn’t have the ability to hold the coin in hand but when the images are exactly the same putting the coin in hand becomes moot. The point is with the exact same images people had drastically different opinions
You asked this question in a previous post, so I'm not sure why you are asking again. Personally, I believe that in this hobby, grading is just a guess, especially from photos, while TPG have the coin in hand. If I thought one of your coins should have graded higher, I still doubt if I'd recommend breaking it out, as the cost to do so may not be wise. Just my opinion.
I was able to get my bucket list coin two years ago. I was able to track its recent history to a previous auction and was able to confirm that the coin was cracked and resubmitted. The coin went up from XF to AU, however it was also given a damaged label….. I was able to get it for a great deal due to the addition of the damaged label. I get asked all the time if I plan to resubmit the coin as the damage is quite questionable and a clean label would triple the value of the piece. It would be a fair gamble from a monetary standpoint. I have no interest whatsoever in selling the coin so I am not at all interested in what the label says. Furthermore, they could conceivably drop the grade back to XF. I don’t give two hoots about what a label says if I like the coin inside.
I got the point. You have not shown the coin in question. It might be a $40-2,000 coin we have no idea if it would be worth it ??? You keep us guessing as to which coin you are referring to. If it is a $10-50 dollar coin it would not be worth the value of the grading fees. My thought for getting a coin slabbed would be it would have to have a value of $100+ to be worth the grading fees.
If the coin jumps very dramatically higher by 1 point I would have it looked at a coin show from different coin dealers opinions before I cracked it out and resubmitted for a possible higher grade.
I did three threads like this please feel free to look at my prior threads you’ll see the difference between the grades and the crackout opinions as well as the actual photos of coins
That is the main answer to the question. I'd also add that some of us might think a coin should be a higher grade but we don't think the odds are good enough of it upgrading to tell someone to crack it. There are a few cases where cracking is a no brainer (minimal downside risk if the coin comes back in the same grade or even lower but high upside potential if it upgrades). However, most times it's not an easy call and you are more likely to lose money in the crackout game.
I saw all 3 posts. I even gave a guessed opinion on 1 of them. I would go with what the grading companies grades they gave. I am not an expert grader... they are. Yes even they can make mistakes, but most of the time they give a respectable coin grades. Amazing 3 coins by the way.
