PCGS Grading Experience.

i was the one who patented it first so there

 

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i hope you are not saying you are a YN that would be too much for all of us

 

I did lose a little more on some generic saints. 5 common fours came back as 3's. And of course about 1,500 bucks in regrading. All in all I did ok because my 1907 was orginally an MS65 and it now came back as a 6. Between both submissions with postage i've probably spent close to 2,000 dollars. Probably my 1907 is worth 2,500 more for the 2,000 I spent. The important thing is I have learned a lesson. I think. I could have just as well sent in the coins and had a bad experience like before.

 

Nooooo..... Say it ain't sooooooo....

The IRS is a pain in "buttocks"?????

The tax code is harder to understand than my phone bill, and my phone bill is no joke as far as being complicated goes.

If the IRS gets eliminated in our country, I am making a vow to show up at my job naked and do the heisman pose in front of my boss...... hahaha

 

I have limited experience. What I have noticed as far as gold goes is that NGC seems less strict than PCGS for hits/marks and but cares more about luster. Also, It seems to me that ICG is stricker and more consistant than both PC and NG with 20 dollar gold. This is just a what I have seen in my little experience. Is there any way to find out more about how the tpgs's actually grade and what each does look for?

 

In my short time here, I always seem to learn a ton from GDJ's posts.

I can tell you, I have played the PCGS crackout game, and have lost...bigtime. The problem was/is, I cannot grade well enough...not even close.

For those interested in details, I took a 1880-o PCGS 64 and sent it in for a regrade, in the holder...came back 64...did again...came back 64. Cracked it (which is very nerve-racking btw), sent it in, came back 64...and that was it for me. I would have lost a ton in equity if it came back a 63.

Here is a trueview of the coin for those interested...I'm sure the experienced ones (and the ones not so experienced) will immediately see why this was not a 65...but it took me some hard-earned cash to figure this one out. I have since sold the coin to a dealer for a small loss:desk:

 

What lesson have you learned?

 

I have not done that much submitting(perhaps about 100 coins in my entire lifetime.) What I can say is i submitted 10 coins at one time to PCGS in slabs for regrading and they all came back the same(some were PC and Some were NG.) I then sent all those coins back raw and I think all but 2 came back at different grades. TPGS's are not likely to upgrade a coin wheather it's their coin or not. If it's their coin and they upgrade it, they are admitting they made a mistake in the first place. If it's someone elses coin, they are admitting thier grading is not as strict. As far as your 1880-0 Morgans goes, I can't tell by that image why it would not be 65 or even AU. Does it have a finger print on it? This is an automatic preclusion to MS65. Also, look at the pop report for that coin. PCGS has certified only about 20 or so in 65. In my opinion, they are going to make damn sure it's not only a 65 but a really soild 65 before they want to add it to their pop report.

 

I have learned the "easy way" that i'm not going to make a living playing the crack out game. I did ok this time but it's pretty much the same as buying scratch tickets. Eventually PCGS will be the only one that comes out ahead much like states are the only winners in the end with scratch tickets.

 

The 1880-O has a big dig right beneath the eye. Although it has great luster, eye appeal and strike, it has little chance at getting to 65. And you are right, because of the big jump in price, PCGS is looking for any reason to keep this out of a 65 holder. If it were a more common date, I would have a better chance.

After my third submission, I pointed out the gouge below the eye to my wife and explained that the ding beneath the eye was a $25,000 ding. I really thought this coin was my shot at greatness

Another PCGS crackout career ruined!

 

One could make a case for AU as this comes close to a slider. In hand, there is a slight "dark" area on the cheek which some could interpret as wear. In retrospect, an AU grade would have been possible if the grader was having a bad day! Although, I think overall luster, while slightly less on the cheek, is still enough to keep the 64. But I took a foolish chance...never again!

 

I suppose, that is possible. lol

 

Abd was her immediate question something along the line of "Well can't you remove it?" It is cases like this where the coin doctor in a less ethical person than you would begin to count their profits as the tried to fill the dig in to try to reduce it's intrusion. A slippery slope indeed.

 

Funny, did she talk to you too