Is this for real?

Discussion in 'US Coins Forum' started by Evorlor, May 19, 2010.

  1. Evorlor

    Evorlor Member

    do you think if you bought a PCGS MS-69, cracked it open, and sent it back to PCGS, they might give you a MS-70 this time? :)
     
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  3. AFC

    AFC Junior Member

    The person has sold 13 already.
     
  4. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Yep, happens all the time
     
  5. Evorlor

    Evorlor Member

    are you for real??
     
  6. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Of course I am.
    People crack out their 69's and send them back in for 70's, and they will get them as 70's.
    I doubt graders can really tell the difference.

    If I had the money, I would do an experiment, and get ten coins, all 69's and send them in, and see how many got 70's.
    I'd bet at least 3-5 coins would come back as MS70.
     
  7. Evorlor

    Evorlor Member

    well that sounds like easy money. just send in 69s worth 500 bucks, and get them back as 70s worth 2k. or get them back as 68s worth 250. heh
     
  8. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Well, it doesn't really work that way.
    68's aren't worth that much, emphasis is on 69's and 70's.
    And getting 70's is just if you are lucky, you could end up losing some money in the process.
    But I do believe it can happen, and does happen often, and I would also think that mint state coins would have a higher percentage of reaching 70's versus 69's. I've seen many 69's with large spots, and 70's without, might just be easier with mint state because some of the imperfections might blend in better with rest of the design.
     
  9. randygeki

    randygeki Coin Collector

    :hail:
     
  10. Marshall

    Marshall Junior Member

    I would normally agree, except I just put two Charlotte Quarter Eagles in slabs because their authenticity could be questioned by many due to counterfeits on the market, both Chinese and even earlier around New Orleans. I suspect they will bring more that way than raw, but that's not the coin's fault.

    Now getting slabbed (detail graded) doesn't guarantee authenticity, but it does significantly reduce the chance that it's a counterfeit. In my case, the authentication was worth the price of slabbing regardless of the grade and condition.

    But then again, you might be knowledgeable enough to know the difference and it wouldn't make any difference to you.
     
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