PCGS upgrades

[Nick in NEPA]

Just a question...what are the odds that an OGH (first gen.) PCGS coin will make the next grade?

 

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[djui5]

Pretty high. I just sold an 1878 Morgan in an OGH holder that will probably grade a number higher. They were a lot more strict back then than they are now.

 

[Nick in NEPA]

I have a 1957 (D?...I'll have to check) Franklin half. There is only one scratch on it, so I'm pretty confident.

 

[djui5]

What's the grade on it now? Got any pics?

 

[Nick in NEPA]

What's the grade on it now? Got any pics?

It's a MS-66. The bell lines are quite good. As for pics, I have a hard time getting it in just the right light so they may be forthcoming.

 

[djui5]

Well D or not, if you do get it regraded as a 67 or higher, the jump in value is insane. I'd say it's worth a shot to take it out of the protector and have it graded again. That scratch might do you in though, depends on who grades it:

MS/PR-66 Few minor marks/hairlines not in focal areas, good strike

MS/PR-67 Virtually as struck with minor imperfections, very well struck

MS/PR-68 Virtually as struck with slight imperfections, slightest weakness of strike allowed

MS/PR-69 Virtually as struck with minuscule imperfections, near full strike necessary

 

[Nick in NEPA]

I paid over market value for it...I told my mom that I was going to make my maximum bid on it above $100. She didn't care. When I won the auction and had to send out an MO for it, she flipped. My dad didn't mind, because I knew what I was doing and could make substantial money from it. BTW, do I have to take it out ofb the holder or can I just send it the way it is, for regrade?

 

[djui5]

You have to take it out of the holder. White gloves! Don't mess up the coin

They have a seam that runs around the middle of the edge you can hopefully pry apart with a small knife or something.

 

[whitesid]

how much does it cost to get regraded?

 

[djui5]

Same as regular. They won't know if it's been graded before because you have to take it out of the holder and mail it like that. Maybe you can get a discount if you tell them, not sure, never tried that.

 

[Nick in NEPA]

Same as regular. They won't know if it's been graded before because you have to take it out of the holder and mail it like that. Maybe you can get a discount if you tell them, not sure, never tried that.

Won't that screw up the population?

 

[djui5]

I have no idea. Good question

 

[whitesid]

Same as regular. They won't know if it's been graded before because you have to take it out of the holder and mail it like that. Maybe you can get a discount if you tell them, not sure, never tried that.

Won't that screw up the population?

thats a good question

 

[l.cutler]

It definitely would screw up the population, that is why they should always be taken with a grain of salt.

 

[richg]

If you play the crack out game it is very risky, you have to remember it could also come back as a MS-65. I dont know where your scratch is located but if enough metal is displaced that it stands out I would leave it alone. It is up to you but basically if it does not look absolutely mark free except under magnification chances of a 66 again are slim. You could also send it in in the holder it is in now and check the regrade box, they guarantee not to lower the grade. Also, you can add a slight premium just for it being in the old holder as many playing the game are doing the same thing you are considering right now. I hope this helps some. Good Luck!!! Rich

 

[djui5]

You could also send it in in the holder it is in now and check the regrade box, they guarantee not to lower the grade.

That's cool! I didn't know they did that. Nice bit of info

 

[Jeffro]

People have done this for years, and yes, the populations are not accurate because of it.

 

[richg]

You are correct about the population numbers, however the way it is supposed to be done is the tag that is in with coin you "cracked out" is supposed to be sent back in to PCGS and they will adjust the population report accordingly, not everyone does this and quite frankly I have not either. I have a few I should send them. Hope this helps!!