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<p>[QUOTE=&quot;OldGoldGuy, post: 2077522, member: 72697&quot;]No sides being taken here, but I am going to summarize how a resubmission happens, and why the NGC program is beneficial to the HOBBY as a whole for nothing more than accurate population reports.</p><p><br /></p><p>Dealer #1 submits a rare, raw, 1916d Mercury dime after checking the population report of them, which lets just say at that point in time was exactly 10,000. He gets it back, it is a MS64. (population report at NGC now reads as 10,001) He was hoping for a 65. He decides the price difference from a 64 to a 65 is worth an additional submission cost expense. (this is the part people who don&#039;t get it are missing) Dealer #1 then &quot;cracks out&quot; the pretty MS64 slab he has the 1916d Merc in, and resubmits it raw. Obviously he will not send it in pre-graded in it&#039;s current slab. He wants a fresh palette for the grader. So he cracks it out, and resubmits it. He gets it back, and it is again a MS64. He cries himself to sleep while sucking his thumb, and whips himself with a belt buckle 65x to rectify his error. Before Dealer #1 submitted his coin the first time, there was a population of 10,000 graded 1916d Mercs. As of this moment, this dealers submissions, there are now 10,002 in the population. The next day, the dealer takes his twice confirmed MS64 Merc to the coin show, and sells it to Dealer #2; who eyeballs it thinking &quot;whoa, I can easily crack this out and resubmit it and get an MS65&quot;.</p><p><br /></p><p>Dealer #2 now cracks out his dime he purchased. He sends it off to NGC raw. He too doesn&#039;t wish to show NGC that they previously graded it as an MS64. He waits some time, and lo and behold, it comes back as a MS65. He is a winner! And the total population of graded 1916d Mercs is now...drumroll.....10,003! That&#039;s right. The same coin represents 3 of the total population......</p><p><br /></p><p>THIS IS THE PURPOSE OF THE NGC PROGRAM. Should these dealers save these old slab/label pieces, they can send them in and get a credit, all while contributing to an overall more accurate representation of the true population.</p><p><br /></p><p>Simple.[/QUOTE]</p><p><br /></p>

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