On you tube, there are a few posts showing the proper way to crack open graded, slabbed coins using a pair of bolt cutters. Why would someone do that?
Use the search there are many posts here about it but in general say a coin is worth: $100 in 63 $250 in 64 $2225 in 65 They would only loose $150 if it dropped a grade but would gain almost a grand if it went up. These guys are good graders and can usually pick a coin that would go up not down so it doens't take to many to make cash if your really experinced at this.
Nice Reddy Kilo Watt there..... On cracking out coins. I have done it many times primarly to put the coin into the holders I have for my year/mint sets. Others use albums and do the same thing. I don't collect coins with the intent of flipping for profit. What I buy I keep.
Oh ok, so before you send them to a differant grading company, you need to take it out of its current slab first. I guess that makes since because you dont want the new grading company to get any ideas from the first one.
Technically it should not matter. PCGS or NGC will cover the slab before grading it. Most people don't believe that and crack them out - then send the in. The funny thing is - some of them will come back in details or genuine slabs. Then they want to complain. People just need to understand that is one of the risks of the crack out game.
I'm told that a raw coin has a slightly higher chance of upgrade than a regrade or crossover. Why ? On a raw coin, the TPG can see the edge; a coin in a slab they can't. They're less likely to upgrade a coin when they aren't sure the edge is worthy. In this regard, it's possible that NGC's new pronged slabs give them an advantage.
collections "crack" slabs to see if they can get a coin upgraded, especially if it is coin that was graded in the 1980s (conservative grading). However, one should only crack if the upside was greater than the original investment. For instance, moving from an MS 62-63 or 63 to a 64 would increase your take $500 to several thousand dollars, otherwise don't do it or your coin may even be downgraded.
When one submits a coin one can specify if the coin does not grade equal or greater than the original, then they have the option to have it returned without putting it into a new slab. If it is raw and you do not specify, the coin could be put into a slab as genuine with no grade (could have been cleaned, scratched or whatever) because of certain "problems" as I pointed out. I have had luck submitting raw but if I had any doubts about the coin for any reason, I specified not to slab it as genuine, just return it to me raw and I will sell "as is".
