What about the 'not quite so tight' coins already out there?
Singapore
Posts: 578
I heard at the Baltimore show that Gordon Wrubel ex Bowers and Merena was now at PCGS grading. I don't know if this is new news but I hadn't heard it before.
Which if true may explain the apparent movement toward a much stricter standard of late. Honestly, I think this is fantastic. I'd much rather see a stricter approach and I hope that the myriad disappointing slab result stories in here of late suggest that PCGS grades may be now more closely approximating more traditional grading standards.
My only concern (and this is rather obvious) is what about all the 'stuff' already slabbed and already out on the market? I'd prefer it if PCGS started using a different looking holder or something to distinguish old and new, becuase from what I've personally seen of late its going to be confusing out there if a newly slabbed 45 is better than an old 53.
Or maybe this is more apparent than real.
Which if true may explain the apparent movement toward a much stricter standard of late. Honestly, I think this is fantastic. I'd much rather see a stricter approach and I hope that the myriad disappointing slab result stories in here of late suggest that PCGS grades may be now more closely approximating more traditional grading standards.
My only concern (and this is rather obvious) is what about all the 'stuff' already slabbed and already out on the market? I'd prefer it if PCGS started using a different looking holder or something to distinguish old and new, becuase from what I've personally seen of late its going to be confusing out there if a newly slabbed 45 is better than an old 53.
Or maybe this is more apparent than real.
Singapore
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(Singapore -- by the way -- if you could enable your private messaging, I would like to send you a note from this side of the Pacific.)
I spent 4 years in Japan and can tell you honestly that numismatics was the very furthest thing from my mind back then. Of course, I was single then. And 20 something.
Ex-Pat? Student? Embassy staff?
I think we have at least one other Korean speaker on the board. Not aware of others fluent in Thai.
Mr. Roboto
Domo Arigato
Mr. Roboto
Mata ahoo Hima de
Domo Arigato
Mr. Roboto
Himitsu wo Shiri tai.
You're wondering who I am - secret
secret - I've got a secret
Machine or mannequin - secret
secret - I've got a secret
With parts made in Japan - secret
secret - I've got a secret
I am the Modern Man.
Sorry, couldn't resist.
And by the way, I've lived in Korea for a year now, and I don't speak a word! I understand a couple of phrases, but that's it. Pathetic.
Maybe its just me, but I always thought that Hite beer in Korea was about the best thing going. Why don't they export that stuff? Can you look into that?
I spent a lot of time in Korea on business but never lived there. Kind of always seemed like 'boys night out' - Red meat, cigarettes, hard drinking. Come to think of it, its kind of like a big coin show only without the coins.
especially so if you know and understand what you are looking at and buy for value and eye appeal
and with discretionary funds for fun
then the holder (usually/sometimes).............lol LOL is just a bonus
sincerely michael
<< <i>Good job Dobro.
Maybe its just me, but I always thought that Hite beer in Korea was about the best thing going. Why don't they export that stuff? Can you look into that?
I spent a lot of time in Korea on business but never lived there. Kind of always seemed like 'boys night out' - Red meat, cigarettes, hard drinking. Come to think of it, its kind of like a big coin show only without the coins. >>
From my days in Korea in the good ol' USAF, the beer had embalming fluid in it as a preservative.....
Assuming PCGS has "tightened up" the grading, doesn't that leave a TON of coins out there that, if graded now, would come down at least a point? And if that's true, doesn't the owner of every one of these coins (at least theoretically) have recourse via the PCGS grading guarantee? That is, if I hold an older PCGS 64 that they will now grade only as a 63, aren't I supposed to be able to submit it and (assuming it's all done on the up-and-up) eventually be owed compensation when my 64 is judged worthy only of a 63.
Is this a valid point or not??????
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Either the new stuff is undergraded or the old stuff is overgraded - I believe its the latter, and therefore I think its not unreasonable to expect to be compensated for paying too much for coins that apparently no longer meet the standard.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Of course not. When and if the standard changes intentionally, it must become looser. It's a one way street.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<<<Assuming PCGS has "tightened up" the grading, doesn't that leave a TON of coins out there that, if graded now, would come down at least a point? And if that's true, doesn't the owner of every one of these coins (at least theoretically) have recourse via the PCGS grading guarantee? That is, if I hold an older PCGS 64 that they will now grade only as a 63, aren't I supposed to be able to submit it and (assuming it's all done on the up-and-up) eventually be owed compensation when my 64 is judged worthy only of a 63.>>>
ms71 for the ridicules low price of $5 you simply send it in under the Reholder Service and your old overgraded 64 slab now magically becomes a new freshly holdered 64. Nobody will be able to tell if the grade was assigned 17 years ago or 17 days ago.