I think if you saw this coin in hand, you would like it as an MS67. IMO, it is very strong coin and I really wasn't expecting that when I bought it.
As a MS-67 I'd leave as is and forget the steps. Not worth the effort or money to get a FS. It may come back as a 66 FS but that wouldn't be as good as it is now.
I’m not cracking it out, I’m resubmitting in the current holder for Regrade. It is guaranteed to come back at least MS67. The only downside is that if it comes back just MS67, I will have paid $25 for a reholder.
The grader saw it that exact way. They know cuts when they see them, just like we do. The grader made the call, this is the exception to the rule.
I wouldn't take the chance on a regrade. With all the questionable contact in and around the steps? A 66FS would be more reasonable than a 67FS.
They can’t downgrade a regrade, it is guaranteed to come back MS67. The obverse is spectacular and the coin looks tremendous in hand. I have no worries.
and that matters how? When you can submit it and the grade can only go up and never down, that is gradeflation. It is pressue for coining grades to always rise
Ok, I misunderstood what you were saying. It still isn’t gradeflation though, as the coin has almost no chance to upgrade. In previous years, I would have submit the coin under what was called “designation review” which carried a fee of $12. Since NGC discontinued the designation review service, my only recourse is to submit it for “Regrade” which is different from cracking and resubmitting. They can’t assign a lower grade because of their grade guarantee. Now I don’t know how many people avail themselves of the “Regrade” services offered by the TPGs, but my guess is that it is a drop in the bucket compared to the crackout & resubmissions of conditional rarities that are the primary source of gradeflation.
You're forgetting or not aware of the +1 policy/rule. If only 4 full steps they add 1 to make 5...and FS.
@Lehigh96, I am about to submit a number of high-grade war nickels. If submitting raw, do you usually go with NGC or PCGS? Steve
That depends on the coin. If the coin has full steps, but is weak in any area at all, I choose PCGS. For toned coins or coins that don't have full steps, I usually go with NGC, but again, it is a coin by coin decision. If you have any questions about specific coins, feel free to PM me. Paul
I agree, but I also specifically stated that I am not cracking the coin out, I am using the NGC "Regrade" service.