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<p>[QUOTE="johnmilton, post: 26573959, member: 101855"]I am a retired dealer. Back when I played the crack-out game, I would not have even considered sending the coin for grading in the original holder. My impression, and that is all it is, is that you are putting yourself behind the eight ball from the beginning if you do that.</p><p><br /></p><p>First, PCGS and NGC are rivals. PCGS is not keen on crossing NGC coins in the same grade, let alone upgrading them. I imagine NGC is similar, although most migrations seem to go from NGC to PCGS.</p><p><br /></p><p>Second, the grade on the holder will start the grading process off against your interests if a higher grade is your goal.</p><p><br /></p><p>My attitude was to do it cold turkey. Crack the coin out, and send it in if you really think that it is under graded. That might be old school, but that would be my approach.</p><p><br /></p><p>Of course, that is risky. You could get anything from a “details” grade, a lower grade or win the lottery and get a higher grade. The worst I ever heard was a story from a dealer cracked out a Proof Morgan Dollar, and had it comeback as a P-L. He got that fixed, but it was an expensive hassle. He had to submit the coin three or four times, cracking it out each time. In the end he ended up with the same grade.</p><p><br /></p><p>As for reconsideration, I have never tried it. Perhaps others who have can give you some idea of their success rate. Of course, all of this predicated on the ability of the person who is asking for a reconsideration to grade coins. Given some of the posts I have read on the blogs, some people have no idea how to grade coins.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26573959, member: 101855"]I am a retired dealer. Back when I played the crack-out game, I would not have even considered sending the coin for grading in the original holder. My impression, and that is all it is, is that you are putting yourself behind the eight ball from the beginning if you do that. First, PCGS and NGC are rivals. PCGS is not keen on crossing NGC coins in the same grade, let alone upgrading them. I imagine NGC is similar, although most migrations seem to go from NGC to PCGS. Second, the grade on the holder will start the grading process off against your interests if a higher grade is your goal. My attitude was to do it cold turkey. Crack the coin out, and send it in if you really think that it is under graded. That might be old school, but that would be my approach. Of course, that is risky. You could get anything from a “details” grade, a lower grade or win the lottery and get a higher grade. The worst I ever heard was a story from a dealer cracked out a Proof Morgan Dollar, and had it comeback as a P-L. He got that fixed, but it was an expensive hassle. He had to submit the coin three or four times, cracking it out each time. In the end he ended up with the same grade. As for reconsideration, I have never tried it. Perhaps others who have can give you some idea of their success rate. Of course, all of this predicated on the ability of the person who is asking for a reconsideration to grade coins. Given some of the posts I have read on the blogs, some people have no idea how to grade coins.[/QUOTE]
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The situation with gold and the Sarasota Coin Show
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