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What exactly is "proof-like"?
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<p>[QUOTE="princeofwaldo, post: 5989527, member: 24091"]The problem there arises with cost. If they are resubmitted raw, there's some chance there won't be any grade gain, and will actually become less valuable because they are in a new holder graded under looser standards. If they are submitted for reconsideration, there's a much better chance of it upgrading but with a hefty value-added charge assessed on the invoice. Is it worth, say, $500 to have PL added to the slab? IDK, kind of hard to rationalize it, though people do that all the time on some real high end coins to gain a point. There's all sorts of examples with US rarities from the 18th century where there is provenance trail with the coin climbing the grade scale each time it appears at auction. It's ridiculous, but it happens and every sophisticated bidder knows it before bidding. Never-the-less, the TPG service still collects a huge premium on the upgrade. That happens with world coins too, the October 2020 sale at MDC Monaco had a number of extremely rare and valuable coins (mid 6 figures) that had previously resided in lower graded holders. That's what is so nice about CAC on the US side of things, it essentially lends the same pop of an upgrade from the TPG service but at a tiny fraction of the cost. Unfortunately, they don't do foreign coins, and while there is WINGS (and I own a couple with their sticker) for foreign coins, their sticker does not carry anywhere near the panache that a CAC sticker does for comparably valued US coins.</p><p><br /></p><p>There is no question PL coins are more desirable than the same coin with regular frosty surfaces. The PL implies (rightfully so) that the coin was struck with fresh dies, something always more desirable all else being equal. It does, however, at times result in bidders paying too much for the coin just for the PL designation. Here's a pair of DWI 50 Franc coins sold 7 months apart at Heritage in 2019. The 63PL at NYINC, the 64 at ANA. I don't think there is any question the MS64 is worth every penny of the $1.20 extra it fetched over the MS63PL.</p><p><br /></p><p>[ATTACH=full]1244165[/ATTACH] [ATTACH=full]1244166[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 5989527, member: 24091"]The problem there arises with cost. If they are resubmitted raw, there's some chance there won't be any grade gain, and will actually become less valuable because they are in a new holder graded under looser standards. If they are submitted for reconsideration, there's a much better chance of it upgrading but with a hefty value-added charge assessed on the invoice. Is it worth, say, $500 to have PL added to the slab? IDK, kind of hard to rationalize it, though people do that all the time on some real high end coins to gain a point. There's all sorts of examples with US rarities from the 18th century where there is provenance trail with the coin climbing the grade scale each time it appears at auction. It's ridiculous, but it happens and every sophisticated bidder knows it before bidding. Never-the-less, the TPG service still collects a huge premium on the upgrade. That happens with world coins too, the October 2020 sale at MDC Monaco had a number of extremely rare and valuable coins (mid 6 figures) that had previously resided in lower graded holders. That's what is so nice about CAC on the US side of things, it essentially lends the same pop of an upgrade from the TPG service but at a tiny fraction of the cost. Unfortunately, they don't do foreign coins, and while there is WINGS (and I own a couple with their sticker) for foreign coins, their sticker does not carry anywhere near the panache that a CAC sticker does for comparably valued US coins. There is no question PL coins are more desirable than the same coin with regular frosty surfaces. The PL implies (rightfully so) that the coin was struck with fresh dies, something always more desirable all else being equal. It does, however, at times result in bidders paying too much for the coin just for the PL designation. Here's a pair of DWI 50 Franc coins sold 7 months apart at Heritage in 2019. The 63PL at NYINC, the 64 at ANA. I don't think there is any question the MS64 is worth every penny of the $1.20 extra it fetched over the MS63PL. [ATTACH=full]1244165[/ATTACH] [ATTACH=full]1244166[/ATTACH][/QUOTE]
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What exactly is "proof-like"?
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