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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2743720, member: 71723&quot;]Let&#039;s go to the numbers, shall we? Even if (and we both KNOW this isn&#039;t true) EVERY 1903 proof Morgan that has been submitted to NGC and PCGS has only ever been submitted ONCE (i.e. there is NO SUCH THING as &quot;cracking out&quot; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />), there would STILL be almost 200 of them out there raw.</p><p><br /></p><p>Now, what is the resubmit rate? Add THAT number to the 200 or so. Not hard to imagine a guy with that kind of volume seeing 2 in a few months.</p><p><br /></p><p>When I see, as I have, dealers at ANA shows unabashedly cracking coins out of slabs to resubmit them, BY THE DOZENS IN ONE SESSION, I&#039;m going to assume it&#039;s a &quot;thing&quot;.</p><p><br /></p><p>By the way, I wish we could get to the buyer of that 1903 from the winter. The picture YOU posted looks VERY much like &quot;improperly cleaned&quot; to me. It looks like the fields near the denticles are very dark. But that&#039;s just a guess on the grounds PCGS rejected it.[/QUOTE]</p><p><br /></p>

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