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TOPIC FOR DISCUSSION: IS THE PCGS AND NGC REGISTRY SET CRAZE CAUSING COIN COLLECTORS TO BURN OUT FAS

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Comments

  • BoomBoom Posts: 10,165
    Just what is that supposed to mean? You asked a question and I answered it! Andy- I'm talking to you. The more I contemplate your last statement you are proving my point! PCGS should not give or take away anything! They are not God! They are paid to provide a service and to do it to the best of their ability without any smoke and mirrors!
  • MrEurekaMrEureka Posts: 24,241 ✭✭✭✭✭
    The more I contemplate your last statement you are proving my point!

    Boom - Then you should contemplate it a bit longer.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BoomBoom Posts: 10,165
    Spit it out. You have something to say to me then be a man about it and say it!
  • MrEurekaMrEureka Posts: 24,241 ✭✭✭✭✭
    Spit it out. You have something to say to me then be a man about it and say it!

    Boom - Thank you for answering my question, but PCGS does not use Star Trek technology to grade coins. They use human beings. That means that grading IS STILL subjective. One day, that will change. Until then, deal with the inconsistencies.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BoomBoom Posts: 10,165
    Then we are in agreement Andy. You asked a question as to how such and such could possibly be done and I said with 21st Century technology. I have no beef with you nor do I have a beef with PCGS. I simply believe that there is room for improvement and someday-perhaps not in our lifetimes, these changes will come to pass and then -PCGS will truly be the very best that it can be! Agreed?
  • MrEurekaMrEureka Posts: 24,241 ✭✭✭✭✭
    I simply believe that there is room for improvement and someday-perhaps not in our lifetimes, these changes will come to pass and then -PCGS will truly be the very best that it can be! Agreed?

    Almost. A new company could come along with a technological grading solution and quickly knock PCGS out of the game. If that happens, then at least somebody will "truly be the very best that (PCGS) can be". It just might not be PCGS.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    At its best, the registry allows you to share information with collectors who have the same interests as you. It also allows for a virtual collection, if I am visiting Uncle Fred in Idaho, I can pull up part my collection for him.

    It is a great marketing tool for NGC and PCGS to increase their revenue. I have put part of my early half dollar collection on the NGC Registry (Woodinville), but have yet to submit a coin for grading.

    The registry is a very effective tool for inflating the ego of millionaire collectors.

    There have been many posts by collectors frustrated by "not being able to afford anything" this is a bunch of crap, if you focus on the history and study of coins, not on grades. If I want to see beautiful colors I can buy a kaleidoscope.

    With coin clubs I belong to, JRCS, BHNC, and a local club, the focus is on the study of the coins, not competition, and grades do not matter. Lots of satisfaction, no burnout. I receive great enjoyment at the local club listening to a person speak on the history of a $5 trade token.

    Join a coin club that is not controlled by a grading service, study the coins.

    For true numismatists, grades are irrelevant.

    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • cladkingcladking Posts: 28,631 ✭✭✭✭✭


    << <i>

    For true numismatists, grades are irrelevant. >>



    For true numismatists grades are relative. Grades are merely ways to compare
    one coin to another, but true numismatists will always upgrade as the opportu-
    nity arises. Certainly some coins are much more difficult or much less important
    to upgrade than others. But generally, a coin will always be upgraded as possible
    by a neophyte or the most advanced collector.

    Tempus fugit.
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Just out of curiosity, beyond a vague emotional argument for abolishing the registry what are some factual and defendable arguments (i.e. non opinion driven) for ridding coin collecting of registry sets?

    Neil
  • NysotoNysoto Posts: 3,818 ✭✭✭✭✭
    I disagree, Cladking. For collectors, grades are important. For the person analyzing the attributes of a coin, it is irrelevant as to whether the coin is AU55 or MS65, or in bust coins whether it is VF or XF.
    Robert Scot: Engraving Liberty - biography of US Mint's first chief engraver
  • cladkingcladking Posts: 28,631 ✭✭✭✭✭


    << <i>I disagree, Cladking. For collectors, grades are important. For the person analyzing the attributes of a coin, it is irrelevant as to whether the coin is AU55 or MS65, or in bust coins whether it is VF or XF. >>



    It really depends on what is being analyzed. Generally if one is looking at die or
    strike characteristics then certainly a VF coin or even a VG coin will usually suffice.
    Even here though there can be exceptions. 1974 quarters appear with a 1973
    reverse but the differences are so slight that they are worn off long before they
    get to VG condition. Also if one is looking for surface qualities then unc coins would
    be a necessity regardless of issue.

    I agree that a circulated coin can have as much or even more to teach than an unc,
    and might even agree if you twist my arm that collectors worry too much about grade,
    but the fact remains that collectors do generally upgrade as possible and for most
    purposes higher grade coins are more easily studied.
    Tempus fugit.

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