To Cross, Sell or Trade...

[Revenant]

The coin that can no longer function as part of the registry set.

 

When I started looking at my collection again recently, trying to decide where I might want to try to start working on it again I knew I wanted to just focus on one, maybe two things for now and try to make that set pretty awesome (to the extent my time and budget allows).

 

I thought it would be fun to try to finish my 1875-1889 Netherlands 10G set since it's classic gold and I wanted to work on a gold set, but I quickly realized that something was missing from my registry set: my MS67 1875 -- which happens to be a PCGS graded coin. Apparently it got bumped by a rules change 4 years ago. If that coin was still in my set I'd have been beating the current #1 set for the last 4 years... kind of a bummer, but, oh well, them's the breaks sometimes. Life has kept me too busy to pay attention or care the last few years.

 

I've been trying to decide what I want to do about the situation and the coin. I'm not sure if I should try to send it in for cross grading, sell it and buy an NGC graded MS67 -- probably taking a bit of a loss in the process, or just keep it and buy a new NGC graded 1875 at some point.

 

It's a pretty coin, and one of the first ones I bought for the set and I find that I'm loathe to give it up. At the same time, I'm not sure it's worth it to me to re-up my membership for this one coin to be cross graded since I don't submit very often. But I'm worried I'd take that much or more of a loss trying to sell the coin and buy a replacement -- assuming I can even find an MS67 NGC graded coin and not have to settle for an MS66. I'd also considered finding a local shop that could cross-grade it for me, but I don't know of any at the moment that could or world.

 

Simply buying another coin would be pretty easy - even if it meant not getting another MS67. NGC graded 1875s in MS65 and sometimes MS66 are frequently for sale on eBay for mostly reasonable prices. the 1875 is easily the most common coin in the series with over 4 made that year - some of the other dates in the set had a mintage of less than 50,000.

 

I'm not really in a rush to make a decision or a move on it. I'm going to continue finding coins to fill other holes in the set right now and improving the overall set while I can -- like getting a really nice 1877 when I can find a coin and swing the price. I at least have a solid 1875 in my set for the time being, even if I can't have it in my registry.

 

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[Six Mile Rick]

Revenant,

I could send the coin in for reholder if you wish. There are no guarantees for PCGS to NGC grades. Maybe there would be a good dealer hanging in chat boards that would be able to switch the PCGS graded for a NGC of your liking. We lost some great collectors here when NGC decided there would not be any more PCGS foreign coins listed.

It was a sad day but I know it was in the NGC interest in foreign companies abroad that they made such a decision.

 

Rick

[World_Coin_Nut]

I am a fan of the registry sets also but I wouldn't get rid of it just because it doesn't qualify for points. I have several pieces with the same issue. If the coin has sentimental value then it doesn't matter what slab it is in. I would take Rick's suggestion or go to a local dealer that will submit for you.

[Revenant]

Thanks for the offer, Rick. I may take a rain check there and touch base with you and see if it's still an option if I decide to go that route. I'm also considering just leaving it in my set and maybe picking up another MS65/66 1875 to go in the registry. They're nice little gold coins and you can get the 1875 in MS65 for not much more than melt because it's so common.

 

For the time being I'm mostly just happy to have a good coin in the set for that date and emphasizing trying to get some of the less common dates.

 

The thing I find strange as much as anything is the fact that PCGS coins can be in US sets but not world sets. I totally respect the decision to axe PCGS coins from the World Registry but I think if I was in their shoes I would have axed it in the US sets to just to be consistent and to be rid of the hassle all together.

[coinman1794]

It sounds like you have the right coin now, but the rules are dictating that it's in the wrong holder. I would just keep the coin and not add it to the set. It is still part of the collection.