Cross at any grade question

[nwcs]

I want to make sure I understand the procedure...

 

A coin is in a holder and is marked as cross at any grade. You all:

 

1. Look at coin through holder to see if it will be bagged or not

2. Assuming it won't be bagged, coin is cracked out and evaluated raw by the graders

3. Coin reslabbed

 

Or is it

 

1. Look at coin through holder to see if it will be bagged or not

2. Assuming it won't be bagged, coin is left in old holder and evaluated through the plastic by the graders

3. Coin cracked out

4. Coin reslabbed

 

[RMontgomery]

Number 2 of your example is the policy by which coins are treated in the crossover process, even in the "cross at any grade" scenario.

 

NGC inspects the coin within another service's holder, determines the grade at that time, then proceeds to place into our NGC holder with the grade determined. As noted, only should the coin be a "no grade" will it not receive a grade.

 

If the holder is in a scuffed or damaged state and the "cross at any grade" approval is in place, NGC may then remove the coin first, determine the grade, then place into the NGC holder.

 

Rick

[nwcs]

Thank you for the reply. It does lead me to ask, though, if it might be better to crack the coin out on a cross at any invoice. The plastic can dull the appearance of the coin or a minor plastic scuff may be mistaken for a hairline, etc. Would the finalizer (or someone else) take a look at the coin after it's been cracked out and before sealing to make sure that the grade is still agreed upon?

 

Granted, of course, that a hidden defect may show up as well upon cracking out. But that would seem to argue for the case of cracking out and then evaluating the coin by all the graders.

[EVillageProwler]

Rick,

 

What happens if you crack the coin out and then notice an edge problem that should preclude the coin from being slabbed?

 

EVP

 

[RMontgomery]

nwcs,

 

You are correct in your assessment that if the coin needs to be inspected in a "raw" state due to the holder being scuffed or cloudy, then we will remove the coin and grade it in the more traditional fashion (as long as it would not be a "no grade"). Under those circumstances, we would be extremely cautious before removing it from another service's holder, making sure that the coin not have any problems upon its surfaces that would preclude it from being graded by NGC. In most cases, the holders that are presented to us for crossover are in very good shape and give us a clear view of the coin's surfaces.

 

In the worst cases, NGC might refuse to process a crossover should the holder quality be so far gone as to not allow a clear view of the coin inside. I can't think of this ever happening, but it is possible.

 

While the "cross at any grade" is not a widely chosen service option, it is growing in popularity.

 

Rick

[RMontgomery]

EVP,

 

We try to be sure that the coin will not have any issues that would preclude it from receiving a grade, but should we break open a holder only to discover a problem, then we would treat the situation under the rules of our guarantee, in essence, making the coin a buy back against the grade it was intended to receive versus the no grade value.

 

Rick