@ShadyDave said: @HeatherBoyd can you help us get some answers on a few of the outstanding questions some forums members posed to Brett regarding this announcement?
any word on whether there’s a grade cutoff for the PL designation? Like MS60 and above?
How will this impact the registry, Bonus points?
Will DMPL also be granted for the affected coins? The article only talks about "Prooflike" not "Deep Mirror Prooflike"
Will the PCGS Price guide be updated to include values for PL/DMPL graded coins?'
Thanks in advance for any additional info you can provide!
The PL designation is only available to business strike coins, tokens and medals graded 60 or higher
There will be no registry bonus at this time, but it is not ruled out for the future
DMPL designation will not be expanded
Yes, once they enter the market and we have auction data they will be added to the Price Guide
A long time coming. Never made any sense to me they would grade SSCA gold coins as PL in the early 2000's but would never cross it to coins above water. Finally someone's making sense in PCGS management.
Brian Hodge
Partner, President of Numismatics
Minshull Trading
@Brian_Hodge said:
A long time coming. Never made any sense to me they would grade SSCA gold coins as PL in the early 2000's but would never cross it to coins above water. Finally someone's making sense in PCGS management.
@Brian_Hodge -- Welcome to the forum
I completely agree and mentioned this to Brett during the Ask Me Anything Session on January 1, see below.
@messydesk said:
Full details coming July 1, I guess.
I imagine this will also affect the registry where bonus points will be awarded in certain series as soon as it can be determined what's appropriate. I'm guessing that it will only really come into play for really modern sets like Lincoln Shield cents, where some coins can legitimately be said to have PL surfaces.
@ShadyDave said: @HeatherBoyd can you help us get some answers on a few of the outstanding questions some forums members posed to Brett regarding this announcement?
any word on whether there’s a grade cutoff for the PL designation? Like MS60 and above?
How will this impact the registry, Bonus points?
Will DMPL also be granted for the affected coins? The article only talks about "Prooflike" not "Deep Mirror Prooflike"
Will the PCGS Price guide be updated to include values for PL/DMPL graded coins?'
Thanks in advance for any additional info you can provide!
NO grade cut off. If an XF grade is proof like, then designate it too. Why stick with the upper levels of uncirculated? Why not make a market out of the under achieved? Ive seen prooflike in many examples of worn coins. Nobody cares, you should, make a $20 vf coin, worth $50. Coming, from an ex ANACS grader that sent a million over graded coins out in just a year. 541 551 1893
@messydesk said:
Full details coming July 1, I guess.
I imagine this will also affect the registry where bonus points will be awarded in certain series as soon as it can be determined what's appropriate. I'm guessing that it will only really come into play for really modern sets like Lincoln Shield cents, where some coins can legitimately be said to have PL surfaces.
@ShadyDave said: @HeatherBoyd can you help us get some answers on a few of the outstanding questions some forums members posed to Brett regarding this announcement?
any word on whether there’s a grade cutoff for the PL designation? Like MS60 and above?
How will this impact the registry, Bonus points?
Will DMPL also be granted for the affected coins? The article only talks about "Prooflike" not "Deep Mirror Prooflike"
Will the PCGS Price guide be updated to include values for PL/DMPL graded coins?'
Thanks in advance for any additional info you can provide!
NO grade cut off. If an XF grade is proof like, then designate it too. Why stick with the upper levels of uncirculated? Why not make a market out of the under achieved? Ive seen prooflike in many examples of worn coins. Nobody cares, you should, make a $20 vf coin, worth $50. Coming, from an ex ANACS grader that sent a million over graded coins out in just a year. 541 551 1893
I disagree. Think about non-PL coins for a minute. At the XF 40 level little to no original mint luster exists as it is quickly worn away as the coin circulates. The same thing happens to PL reflectivity. As wear and hits are incurred through circulation, PL reflectivity is also lost through attrition. If a coin has a reflectivity or glossy sheen in lower grades, it has been polished, cleaned, or the surfaces otherwise altered.
It seems to me a coin is either proof-like or it isn’t, no matter the grade or strike type. Imagine if it was a very pricey or highly collectible AU coin that looked proof/like in every way. It walks like a duck, quacks like a duck but sits as a goose.
But on the flip side a 2005 Lincoln cent caught my eye from the center console while I was driving, it was definitely proof-like but in its current condition I never gave it a second thought.
This AU55 trade dollar is very mirrored with some cameo contrast. The picture doesn’t show it well but I can read printed text at 12 inches. Obverse and reverse. It’s a shame it’s not eligible for PL designation.
@BrettPCGS & @HeatherBoyd can I send this coin in for consideration, I think when you see it you may change your mind about the MS60 grade cut off.
No PL or FB but, a decent grade. I knew there was no chance on the FB as the bottom band was not complete. As far as PL not sure if its because its a satin finish coin or it just wasn't consistent.
Comments
@HeatherBoyd can you help us get some answers on a few of the outstanding questions some forums members posed to Brett regarding this announcement?
Thanks in advance for any additional info you can provide!
Hello @ShadyDave
The PL designation is only available to business strike coins, tokens and medals graded 60 or higher
There will be no registry bonus at this time, but it is not ruled out for the future
DMPL designation will not be expanded
Yes, once they enter the market and we have auction data they will be added to the Price Guide
Heather Boyd
PCGS Senior Director of Marketing
Thanks for the quick response @HeatherBoyd!
A long time coming. Never made any sense to me they would grade SSCA gold coins as PL in the early 2000's but would never cross it to coins above water. Finally someone's making sense in PCGS management.
Brian Hodge
Partner, President of Numismatics
Minshull Trading
@Brian_Hodge -- Welcome to the forum
I completely agree and mentioned this to Brett during the Ask Me Anything Session on January 1, see below.
Jumpin' Jehoseyphat!
NO grade cut off. If an XF grade is proof like, then designate it too. Why stick with the upper levels of uncirculated? Why not make a market out of the under achieved? Ive seen prooflike in many examples of worn coins. Nobody cares, you should, make a $20 vf coin, worth $50. Coming, from an ex ANACS grader that sent a million over graded coins out in just a year. 541 551 1893
I disagree. Think about non-PL coins for a minute. At the XF 40 level little to no original mint luster exists as it is quickly worn away as the coin circulates. The same thing happens to PL reflectivity. As wear and hits are incurred through circulation, PL reflectivity is also lost through attrition. If a coin has a reflectivity or glossy sheen in lower grades, it has been polished, cleaned, or the surfaces otherwise altered.
It seems to me a coin is either proof-like or it isn’t, no matter the grade or strike type. Imagine if it was a very pricey or highly collectible AU coin that looked proof/like in every way. It walks like a duck, quacks like a duck but sits as a goose.
But on the flip side a 2005 Lincoln cent caught my eye from the center console while I was driving, it was definitely proof-like but in its current condition I never gave it a second thought.
This AU55 trade dollar is very mirrored with some cameo contrast. The picture doesn’t show it well but I can read printed text at 12 inches. Obverse and reverse. It’s a shame it’s not eligible for PL designation.
@BrettPCGS & @HeatherBoyd can I send this coin in for consideration, I think when you see it you may change your mind about the MS60 grade cut off.
No PL or FB but, a decent grade. I knew there was no chance on the FB as the bottom band was not complete. As far as PL not sure if its because its a satin finish coin or it just wasn't consistent.