Author Topic: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?  (Read 4725 times)

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Offline PandaBear23

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Hello everyone. I have had in my collection for some time a 1996 1/2 Gold Panda SD in NGC MS64 condition. I have always been a great fan of the coin as it is truly a beautiful design for that year and how lustrous the reverse (front) of the coin is and the obverse has some fine hairlines around the temple and that is it. No dings, jewelry marks or anything. I will post photos once I get it out safely and take some new pics so you folks can weigh in if this would be a good candidate to send in for re-grading to NGC.

What are the risks in sending in for re-grading? I've never done so in the past and not sure if it would grade same, lower or hopefully go up another point or two.

Thank you all.

Offline KeyDate1/2ozPandas

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #1 on: June 01, 2016, 01:17:27 AM »
There is no risk, but there is no upside either.  For modern coins MS67 is the lowest acceptable grade to have in holder, anything below that the holder adds no value to the transaction.

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #2 on: June 01, 2016, 04:41:04 PM »
Thank you Arif. Though I would say I have come across some coins that are graded 67 and 68 that should have graded lower actually so perhaps this hidden beauty has a chance. Appreciate your guidance and wish you all the best.

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #3 on: July 21, 2016, 07:17:10 PM »
Here's some pics of coin.

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #4 on: July 21, 2016, 07:17:46 PM »
and another

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #5 on: July 21, 2016, 07:19:13 PM »
one more

Offline KeepOnTrying!

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #6 on: July 21, 2016, 07:23:00 PM »
one more

Are those scratch marks on the coin?
Thanks.
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #7 on: July 21, 2016, 07:25:26 PM »
Hairlines on temple side.

Offline jc888888888

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #8 on: July 21, 2016, 07:39:56 PM »
for sale??

Offline xiaohei99

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #9 on: July 21, 2016, 07:49:28 PM »
Here's some pics of coin.

IMO this is a large date indeed, the font "1" is thin and tall, close to the coin rim variety.

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #10 on: July 21, 2016, 07:58:37 PM »
Thanks for info on possible variety xiaohei99.

jc8888888888 send me a PM my friend.

Offline KeyDate1/2ozPandas

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #11 on: July 22, 2016, 12:00:16 AM »
The coin looks really good on the NGC website and even in your pictures.  I would resubmit, it may upgrade to 67.

Offline KeepOnTrying!

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #12 on: July 22, 2016, 12:21:25 AM »
The coin looks really good on the NGC website and even in your pictures.  I would resubmit, it may upgrade to 67.

Should such coins be removed from the slab before submission to reduce the effect of the previous grade on the grader?
KeepOnTrying and Never Give Up!
That lion is also after you!

Offline Honus

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #13 on: July 22, 2016, 12:57:38 AM »
Should such coins be removed from the slab before submission to reduce the effect of the previous grade on the grader?

I've wondered that same exact question.   My inclination is to crack it out and resubmit without the slab as a fresh new submission, so there's no bias from the grade first time through.     I had a 1982 1oz that graded MS66, and I couldn't understand why.  Coin was really nice - no damage, no hairlines.  I cracked that out, and sent it in without the NGC holder and sure enough it came back MS68.   

With this 1996, I would definitely resubmit that - your downside is limited, as the value of that coin whether MS63 or MS64 is virtually the same.  But if it comes back higher than 64, you definitely benefit.
Eric Liquori
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www.anvilfinewares.com

Offline KeyDate1/2ozPandas

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #14 on: July 22, 2016, 01:07:44 AM »
Always crack it out and resubmit, only MS69 and MS70 are worth submitting in the slab.

Offline GoldenLord

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #15 on: July 22, 2016, 03:12:11 AM »
Ive got the same Problem with a 1999 1/2.

It have too some hairlines, but i think there would be no way to get a better grade with some fine hairlines.

https://www.ngccoin.com/certlookup/2054639-018/

Offline jc888888888

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #16 on: July 22, 2016, 07:16:29 AM »
yep ..you have nothing to lose cracking it out 

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #17 on: July 23, 2016, 12:01:22 PM »
Thanks again for your feedback and valued opinions KeyDate1/2ozPandas. You as well Honus and KeepTrying!

Think I will get a few together and resubmit this sharp looking panda , hopefully maybe get a bump to 66 or 67.

KeyDate1/2ozPandas, may I ask why it is best to crack out versus leaving in slab when higher grade? Have never cracked any coins out of a slab yet as this is my only lower graded one at the moment.

Offline KeyDate1/2ozPandas

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #18 on: July 24, 2016, 02:14:50 AM »
Imagine you are reading an essay and have to grade it from 0-100.  The first time the essay is submitted an experienced professional at your company graded it 64.  The same essay comes in and you have to grade it, is it really worth the companies reputation to issue a different grade from what it believed last time, while if it comes in with no grade assigned you have to read it and assign your grade to it.  The fact you are sending it in means that the essay was mis-graded the first time and you want them to have unbiased new grade, with unbiased being the key word.

Offline jc888888888

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #19 on: July 24, 2016, 07:30:19 AM »
here you go panda bear 23  TAP EASY :) all the way around the slab
https://www.youtube.com/watch?v=49WSTeQt60c

Offline jc888888888

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #20 on: July 24, 2016, 07:43:20 AM »
disclosure: to keep census straight one should send in the rubber part of the holder to ngc ,they will adjust census . to my knowledge there is nothing illegal or unethical in cracking out a coin , I personally have only done it BUT only in the case of the few coins of many hundreds I have graded that I thought where seriously undergraded( pandabear 23 coin could be)  ..MY opinion : cracking out 68 graded coins in hopes of a 69 is a waste of time and money .... I know folks who do it, there results are dismal in my opinion less than 10% success 

Offline PandaBear23

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Re: 1996 Gold Panda 1/2 Small Date NGC MS-64 re-grade question?
« Reply #21 on: July 28, 2016, 11:07:54 AM »
Thanks for the link. Looks like I can do it. Got the necessary tools. Thinking of waiting for Whitman show in B'more to submit in person with some others that are in OMP's. Get all done at once. Haven't had NGC membership for a couple years since the coins I have bought lately are graded in the first place.

Then going ride down to D.C. and see the new baby Pand Bei Bei in person and maybe buy the 1 oz Silver medal for him and support the zoo.