BladeTX

I’m not going to turn this into a coin thread, you are most likely JK but if you want any advice PM me.

You are not getting the point. I am not talking about my comic experience. I am new to the hobby. But I was an expert in my area of coins. I’m not trying to impress you. I’m done discussing it.

Well how about this. I am in Texas and got to know Jim Halperin in Dallas, been to his offices and was able to e-mail him questions. Have you heard of Heritage Auctions? Yeah, he started the company and I knew him when they only auctioned coins. Now they are huge. Jim wrote a book called “How to Grade US Coins” that is the main standard still used by PCGS and NGC. So I don’t really care what you think.

Excellent thoughtful response. Thank you. I wish there were more people on here like you.

Actually I spent 6 years collecting when I was young before coins were graded and sealed in holders. I then re-entered the hobby as an adult with a lot of discretionary money to spend. I was active all 7 years on the PCGS boards. And I submitted over 100 coins for grading and only 1 time got a lower grade than expected. Early on, I became personal friends with a local but high end dealer who connected me to the entire nation’s dealer network and I got to know many quite well. I flew multiple times to major coin shows where coins were selling for up to $5 million. And stayed in one collecting area all 7 years and was known on the chat boards as one of the most experienced experts in that area. I have remained friends with that dealer to today. I was not just some casual collector at home buying coins off eBay. In fact, true collectors never use eBay, it’s where all the low-end goes. So yeah, with 13 total years of collecting and 7 as an adult building a 6 figure collection, I do feel qualified to represent the hobby. Satisfied?

Thank you for your positive support, mature comments and valuable insight. I just sent a graded book out in a medium flat rate box and triple walled it with cardboard then bubble wrap onto the book then another layer of cardboard outside the book. That would seem pretty good. Unfortunately this seems to be the standard shipping method for CGC slabs. I agree it’s not as good as MyComicsShop.com who uses custom cardboard holders then packs them in an oversized very thick boxes with styrofoam peanuts. Awesome you work at UPS - great inside info. The title of this thread was edited to “I give up” after my original idea was flamed by the first 2 respondents. You can read it in the first reply. All I was doing was trying to get a discussion going on reholderiing and it created a lot of tense discussion. I had to report 2 people for vulgar insults as violations of CGC Board polices. Appreciate you contributing!

Oh, please don’t miss my intent. I’ve been overall happy with CGC, though I have only bought already holdered books. On my 3rd reholdering now. This thread was never to rail on CGC, just discuss ideas on pre-screening reholders. As far as shipping, yeah that is scary. Registered mail seems safest. I got a book shipped from a friend and both sides of the flat rate box were caved in like a giant claw had grabbed it. Thank God he is OCD with packing and it was not damaged. That same day, my friend got this book in the picture. This is what it looked like before opening He was freaking out, it is the only single highest graded one for this issue. He made the USPS open it there to ensure no damage and somehow, miraculously, it was fine, including the case.

Yep, typing too fast, brain can’t keep up and thanks for your comments in my defense. I do appreciate it. I’m pretty new to the hobby, I guess some people like to take cheap shots from behind their keyboards. Sad, really.

That is a crazy long time to wait. They need to hire more people.

Yep, just bought 3 of these a month ago and they are great. I have 2 mostly full. They hold about 25 of the current holders and 30 of the previous generation. You can also get dividers, they help keep the books vertical. It cones with 1 divider. They are really sturdy. I was impressed.

That is one seriously nice room. Well done.

Thank so much! Tested this. Tried to find something on the Chat Board search bar and gave up after a few minutes. Used Google and it came up at the top. Awesome

I never thought about searching the CGC Forums through Google, thanks! Is that a better way to search than using the Chat Board’s search feature? I have had trouble finding things using the search bar on the site.

Thanks all for your examples and feedback. I’m pretty new and have books in CGC hands right now for 10 reholders, so this is part of the gamble. In retrospect, I should have posted this in the Newbie forum. This is clearly something the more experienced collectors have discussed as lot before. I only heard the term SCS a few months ago.

Damn that thing is messed up. I bet the old SA and GA books are more susceptible than moderns.

Thank you for your thoughtful reply. That sounds fair.

Hi Red84, you sound like a reasonable guy and I agree with all you said. But what about my question about counterfeits and restoration. CGC's sister company NGC will guarantee a coin is not counterfeit or they will buy it at market price. This also includes manipulating the coin so that it is more valuable (such as changing a date or mint mark). NGC and PCGS use 2-3 graders and one Senior final grader for confirmation. So does CGC do the same? I would assume they have equally talented people to identify fakes & restoration. Thoughts?

OK, so forget the rest of the noise here. Let’s get an answer for this. CGC graded a book. It is later identified as restored or a counterfeit. What happens next?

I agree with this 100% with you. But think about it. Unscrupulous people have been screwing collectors of anything collectible since time began. Raw coins are scary due to so many good counterfeits and the grading services guarantee it is not. That is a huge piece of mind. Does CGC even guarantee against counterfeits and restoration? That they can for sure evaluate. If you buy a CGC Green Label and it has been restored, will they buy it then entomb in a PLOD and resell? I am out of my element here. I TOTALLY get the arguments on post-grading declines unable to guarantee. But what if they miss something they should have caught in grading. Any accountability for that? Just curious.

Honestly, there are so many dealers and experienced collectors that if a coin is clearly above the grade, they crack it out of the holder and resubmit it. I did crossovers (from lower quality services to increase value) and crack-outs about 30-40 times. Always had success with crossovers and about 50% of time with upgrades and only once had a grade decline. I'm sure savvy people in comics do the same with CGC. Damn, have not talked this much about coins since 2007.

I've got enough maturity to not even respond to someone like this. Taking the high road here. Glad to field any mature conversations on any topics raised in this thread.

For grading services who guarantee their grade and you can pay a "reassessment" fee. If it goes up, they take the grade up. If it goes down, you get paid. Pretty simple.

Yep, that is exactly how I am. Thanks for your professional psychological evaluation. It's worth what I paid for it So all the "experts" on here who on threads I've read say they want to reholder every 10 years... are you saying there is no concern at all of grading standards changing or that someone might have an opinion which would lower the grade? I'm just confused why everyone seems to think this is irrelevant. I honestly don't care, I put a couple ideas out there and ya'll freak out.

Hi there, but having spent 7 years as a highly intensive coin collector, you are completely wrong. There are equally as many variables that go into coin grading as comics. Just a few of the hundreds of intangibles: what is the surface like - reflective or lustry?; Is there toning (rainbow is the most prized) and how does that affect (or detract from) the overall appearance. If there are marks, where are they? A ding in the key central area versus 4 very light scratches in the field? Then there are points from 0 (poor) to 70 (perfect Mint) that must be considered. And it is still an OPINION. There just happens to be companies (PCGS and CGC's sister company NGC) that will stand behind that grade - because they grade conservatively but challenging that guarantee requires that the grading company agree with you. And it is at their discretion. And similar to comics, grading standards shift over time. Getting a 20 year old graded coin in the 1st gen holder often can be worth more because they were hyper conservative when they launched. Comparing to comics, it is like an older "8.0" is a better book than a current "8.0". In fact, given the range of coin sizes, materials, wear characteristics, toning, different surfaces, and the ever-present grade-influencing "eye appeal", I can make a good argument that coin grading is more difficult. And in no cases for any amount of money could some device consider all necessary aspects to adequately grade coins. Let's close the case on this one.