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Put the date of certification on every insert !!!!

Why don't the services include a date of encapsulation on the insert? Is there any reason NOT to do this? It would really help evaluate the certification history of a coin.

Sunnywood

Comments

  • sinin1sinin1 Posts: 7,500
    why would it help?
    how would it help?

  • RKKayRKKay Posts: 3,017 ✭✭✭
    It could help pedigree a coin. If a coin looks similar to a known coin, but was certified at a time inconsistent with being that coin, that pedigree can be ruled out. There have been a number of times I've tried to ID a coin, but couldn't do so definitively, because I didn't know the date of encapsulation.
  • lordmarcovanlordmarcovan Posts: 44,192 ✭✭✭✭✭
    An intriguing idea. I think it has some merit.

    Collector since 1976. On the CU forums here since 2001.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    they certainly should put the date certified and the initials of the graders at least into the barcode. for certain coins there should also be a lot more information about the coin graded on the insert, in exchange for the fee for the "expert opinion", the insert could come including attribution data, pedigree if known, subgrades for strike, luster, surface preservation, marks, and cameos and toning, if any are extraordinary, to allow the buyer to "notice" all the things an expert looks for. the designators for strike are a start, but it is limiting to focus on just full bands or head or bell lines, and just rate the strike for all coins. ditto marks and luster, and maybe you still wouldn't agree with their final (average or consunsus) grade at least you'd know what the experts were thinking when they graded your coin.

    Liberty: Parent of Science & Industry

  • Everyone will find out that it was sitting around for weeks before they shipped it out and be complaining, more headaches for PCGS.

    Pennies make dollars, and dollars make slabs!

    ....inflation must be kicking in again this dollar says spend by Dec. 31 2004!

    Erik
  • I like the idea. IMO
    Merc collector.
  • They could atleast link the coin to the online certification data. I would think when they add the coin to the database that data might have some date associated with it. Instead of changing the process to add the date, they should be able to link it to the existing data base.

    Rich
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    This would just be another reason to buy the holder not the coin.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • BillJonesBillJones Posts: 35,132 ✭✭✭✭✭
    Putting the date of the grading on the slab is not a good idea if you want to have some stability in the value of your collection. Back in the early 1980s the ANA placed the date a coin had been graded on their certificates. At one point they announced that their previous grading standards had been too lose and that they were tightening them after a certain date. All at once the prices of the coins that had been graded before the announced change dropped by as much as 50%. It was also the beginning of the end for the ANA run ANACS because after that their trust factor fell to near zero.

    Today we already have urban myths about how ALL PCGS “little old rattler holders” and MANY PCGS coins in green lable holders are conservatively graded. Neither assumption is 100% accurate. It’s the coin that counts, and if you don’t know how to grade coins, you won’t be able to cherry pick the undergraded pieces by the holder.

    The certification companies also don’t want to place their business at risk. Dates could start rumors that would be even more cast in stone than the two rumors I previously cited.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Sounds to me just another way to find something else to disagree with.image
    Glenn
  • orevilleoreville Posts: 12,218 ✭✭✭✭✭
    ttt
    A Collectors Universe poster since 1997!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,730 ✭✭✭✭✭
    With a "genuine" slab, at least we know which year it started. image (2008)
  • garsmithgarsmith Posts: 5,894 ✭✭


    << <i>Why don't the services include a date of encapsulation on the insert? Is there any reason NOT to do this? It would really help evaluate the certification history of a coin.

    Sunnywood >>




    They should be able to put that information into the bar code, it may already be there, does anyone know?
  • The main reason they don't do it, is because it has the potential to create confusion. Never forget that the grading companies are primarily in the marketing business. If they thought putting the date on would make the slabbed coins more saleable, they would do it. Instead, the conclusion is that long term it would create confusion and possibly diminish the value of the slabbed coins.

    It would be easy enough to spread myths and wild stories that certain time windows are much better than others. Dealers would have yet another excuse to make low ball offers. "Sure that is a MS65, but it was graded in April 2006 and everyone knows that is a time when lots of coins were loosely graded."

    The bottom line, is that putting the date on, has the potential to damage the franchise. What happens when a coin gets reholdered or regraded? Does the new date go on or the first date? Again, potential confusion with little benefit to the grading company.
  • krankykranky Posts: 8,709 ✭✭✭
    The services know when a coin was graded but they have no incentive to publish that info. As has been said, dating slabs would only serve to undermine the position that grading is consistent no matter when a coin was graded.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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