What does pcgs consider a higher grade. *Updated with Mr. Hall's answer*

Placid

For regrade purpose a 65DMPL morgan or a MS66 morgan?
I asked in the q&a section but got no response.

UncleJoe

66 is the higher grade. DMPL is a designation.

The real question is which is worth more?

Joe.

Placid

Thats why I asked. I am considering sending in a few DMPL's for regrade but don't want to get them back a grade higher but pl or no designation and be worth less than they were.

UncleJoe

The guarantee should cover that situation. If the change of grade and/or designation makes your coin worth less then you are due restitution.

Joe.

Edit: Spelling

Conder101

<< <i>The guarantee should cover that situation. If the change of grade and/or designation makes your coin worth less then you are due restitution >>


Are they guaranteeing grade or value? If they are guaranteeing grade then a change from 65 DMPL to 66 is an increase in grade (even though possibly a decrease in value) so under a GRADE guarantee PCGS would not be liable for any restitution.

If it is a VALUE guarantee then let's call them what they are, third party valuing services

UncleJoe

Excellent point Conder.

That's the market grading discussion where the coin receives a grade based on its value as opposed to its technical grade. However, regardless of how it is "graded" the only remedy for mis-graded coins is money or equivalents.

Joe.

MacCrimmon

Value equals grade. That was and is the very root of Sheldon's original "system".

Any guess who would win the argument in court?

Placid

Ok now I don't know what to think

Pcgs says they will cover you if a coin downgrades but no mention about if it upgrades.

I guess I will call and hope the person I get knows what they are talking about.

gemtone65

Placid: I would contact PCGS about this before sending those DMPL's in for regrading. I'm much less certain than UncleJoe that their grade guarantee would cover a change in designation of surface reflectivity. In fact, I would assume it does not until I learned otherwise from PCGS.

UncleJoe

Value equals grade. That was and is the very root of Sheldon's original "system".

But I don't think he had in mind "eye appeal" or designations when he created that scale. It was value based upon technical grade.

Joe.

UncleJoe

I'm much less certain than UncleJoe that their grade guarantee

I apologize if my post read like fact instead of opinion. I do not have any personal experience or knowledge of a transaction regarding designations. I agree with gemtone65 to contact PCGS to get the correct answer as to how they would handle designation changes.

Joe.

Placid

Thanks, I would guess the same thing would be of concern to proof collectors where the lower grade dcam is worth more than the higher grade cam.

I hope I get someone at pcgs that knows their stuff.

gemtone65

Placid: Please let us know what you find out from PCGS. I think a large number of forum members would be interested in understanding how PCGS applies their grade guarantee to designations such as DMPL, deep cameo, etc.

Placid

Pcgs told me on the phone that the value does not matter only the grade.
So if you send a 65dmpl in for regrade and it comes back 66 pl you don't get anything even though the coin is now worth less money.

centmaster

I've never heard of this before. I thought that potential upgrades always would include the special designation previously assigned, such as a full step nickel. I can't imagine that they would "upgrade" a coin without that designation unless it was specified on the invoice as an OK thing to do.

Placid

Hey this seems to be confilcting what pcgs told me on the phone. I wish someone would clear this up

Link


BigAl
Veteran
Posts: 526
Tuesday October 14, 2003 5:20 PM

Mr. Hall,

Thank you for taking the time to answer my questions, consider the following hypothetical situations:

I submit a MS63PL for regrade and the grader assigns an MS64 grade.
I submit a MS64DMPL for regrade and the grader assigns a grade of MS65PL.

Would the computer consider these new grades as upgrades?

One more quickie, when I submit raw coins for grading, must they be in a 2.5X2.5 flip, or can I use a 2X2 flip?

Thanks again,
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homerunhall
Collector
Posts: 1472
Joined: Apr 2001
Tuesday October 28, 2003 6:33 PM


Hi Al,

1. Both the grade and the designation must match for the grade to change.

2. We can take submissions in either holder.

David

MS68

Placid- I don't know who told you that garbage on the phone but the information they gave you is not correct. If a coin is sent in on the regrade service the designation is also guaranteed not to go down along with the grade. They cannot change a 65RD Lincoln cent to a 66RB. The same goes for your example of a DMPL Morgan. It cannot change from a DMPL to a PL just because the grade went up. The few times that has happened to me in the tens of thousands of coins I have sent in, ( oops, now I sound like Adrian), the mistake was fixed immediately.

Placid

D.H. answered my question in the q&a section. (thank you!)
MS68 is right. The CS person was wrong.

Link