To crack, or not to crack... that is the question

Post anything about coin grading holders, questions, images, facts announcements. If it's in, or about, or is a coin holders this is where to post it.

Moderator: Daniel

Forum rules
Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/

___________________________________________________________________________________________________________

You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.

1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.

2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.

3. Images should be taken by a camera or cell phone camera, please do not take images of your microscope screen or TV screen.

4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.

5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.

6. No spam. Do not post any links to your coin or other non-coin websites.

7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
Post Reply
Message
Author
Aygee47!
Coining Around
Posts: 15
Joined: Sun Jan 29, 2023 4:07 pm
Has thanked: 35 times
Been thanked: 9 times

To crack, or not to crack... that is the question

#1 Unread post by Aygee47! »

Hello sharp-eyed numismatists, so I watched (& liked) Daniel's really interesting video about a month ago titled "You Don't Want to Pass on This Opportunity" about the 1942-P Type 2 Proof Jefferson Nickel. And I went down the rabbit hole and recently picked up for a good price an ICG slabbed Proof 67 (see attached photos) example of this coin. I get what collectors say about ICG, but I bought the coin not the slab, kwim? And I really like the coin, especially after learning from Daniel's video what the mintage numbers are like on this Type 2 nickel. But then that part of me that can't help but double-check on everything went and looked what the coin would be worth in a PCGS or NGC slab... and I just happened to also look on their price guides and see what the coin would be valued at if it were graded as a Proof 68... and wow, that's some big increase... from a few hundred dollars to a few thousand! :o So my question is, if you were me, would you crack this coin out and submit it knowing it could come back at a lower grade... or would you roll the dice and submit it to one of the level 'A' grading firms? And bonus question, if you would crack it out... to which grading service would you submit it? Thanks ahead of time for any thoughts/advice you care to share.
Attachments
IMG_1470.jpeg
IMG_1473.jpeg

User avatar
kurtspringmann
Coin Expert
Posts: 1677
Joined: Sun Jan 21, 2024 3:08 pm
Has thanked: 789 times
Been thanked: 922 times

Re: To crack, or not to crack... that is the question

#2 Unread post by kurtspringmann »

No, don't do it. That is a suckers game and will only increase your cost.
Just enjoy your coin.
You will very likely get back a PR66 at best.

User avatar
Daniel
Administrator
Administrator
Posts: 28305
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 1257 times
Been thanked: 4747 times
Contact:

Re: To crack, or not to crack... that is the question

#3 Unread post by Daniel »

It's not going to upgrade, but I can't say it's a good idea to crack out and send to PCGS because you need to know what grade you will get and access the fees involved. You checked the higher grades but you need to check the lower grades as well.
My Coin Shop Website: https://portsmouthcoinshop.com Portsmouth Coin & Currency Shop

My Youtube Channel https://www.youtube.com/c/CoinHELPu CoinHelpu Youtube Videos

User avatar
Westin
Coin Guru
Posts: 3225
Joined: Tue Jan 30, 2024 10:42 pm
Has thanked: 1296 times
Been thanked: 1523 times

Re: To crack, or not to crack... that is the question

#4 Unread post by Westin »

I'd leave it. It's a big gamble to bet on a 68. Any other grade is losing you money. Nice coin you got there!

User avatar
Earle42
Administrator
Administrator
Posts: 18915
Joined: Tue Apr 02, 2019 11:18 am
Location: OH
Has thanked: 1693 times
Been thanked: 5913 times

Re: To crack, or not to crack... that is the question

#5 Unread post by Earle42 »

if you were me, would you crack this coin out and submit it knowing it could come back at a lower grade... or would you roll the dice and submit it to one of the level 'A' grading firms? And bonus question, if you would crack it out... to which grading service would you submit it? Thanks ahead of time for any thoughts/advice you care to share.

I agree with what has been said.

You will not get the 68. Those are what I tend to call bait slabs:
Bait.png
Since nothing verifiable is used to grade a coin, then there is no way to actually tell if a coin is what the holder says. PCGS, and any other company can put what they want to on a slab. When they limit the number of bait slabs they produce, the registry sets on their websites lead to bidding wars that send the prices through the roof. When people see those high prices, just like yourself, they then will want to gamble paying PCGS to grade it for them. That means PCGS gets a minimum of 200.00 b/c of coerced membership fees!

Image

I believe, like many coming here, the internet has you thinking the grading companies are something they are not. A lot of people lose a lot of money b/c of that. See the PM I sent you concerning what you need to know about the companies so you don't lose money.
On the upper right of page is a link for private messages.
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://tinyurl.com/y7rksxu8

How much squash would a sasquatch squash if a sasquatch would squash squash?

Aygee47!
Coining Around
Posts: 15
Joined: Sun Jan 29, 2023 4:07 pm
Has thanked: 35 times
Been thanked: 9 times

Re: To crack, or not to crack... that is the question

#6 Unread post by Aygee47! »

Fantastic advice... thank you to all who replied! The CoinHelpU Community is absolutely the best.

I'm going to enjoy this coin and what it represents to me... the enjoyment of collecting, instead of the frustration of being baited.

BTW, I'm still laughing at the 'bait slabs' line! :lol:

Thanks again!

User avatar
SensibleSal66
Coin Master
Posts: 9132
Joined: Thu Sep 10, 2020 8:06 am
Location: Connecticut
Has thanked: 5300 times
Been thanked: 3100 times

Re: To crack, or not to crack... that is the question

#7 Unread post by SensibleSal66 »

Aygee47! wrote: Tue Nov 12, 2024 3:07 am Fantastic advice... thank you to all who replied! The CoinHelpU Community is absolutely the best.

I'm going to enjoy this coin and what it represents to me... the enjoyment of collecting, instead of the frustration of being baited.

BTW, I'm still laughing at the 'bait slabs' line! :lol:

Thanks again!
Thanks even though I wasn't part of the discussion.
My advice? Say no to crack every time. :D :roll:
Member of CONECA
" All replies are my opinion based on experience"
Casual Collector 40+ years , 10 years Error coins ( still learning).

Aygee47!
Coining Around
Posts: 15
Joined: Sun Jan 29, 2023 4:07 pm
Has thanked: 35 times
Been thanked: 9 times

Re: To crack, or not to crack... that is the question

#8 Unread post by Aygee47! »

SensibleSal for the win:
My advice? Say no to crack every time.


:clap:

Post Reply
  • Similar Topics
    Replies
    Views
    Last post