An idea so good I'm surprised no one has ever thought of it before
ColonialCoinUnion
Posts: 10,087 ✭✭✭
Or, if they have thought of it, they haven't posted it, in which case it doesn't count.
OK, here it is:
If you have one coin that is undergraded, and one coin that is overgraded, PCGS should give you the opportunity to perform what numismatists call 'the old switcheroo'.
You send both coins in and the overgraded liability gets removed from the market and rehoused in a shiny new and more appropriate holder, while the undergraded coin which had been destined to end up across the street gets moved into its rightful higher grade holder.
Everybody wins.
Don't they?
OK, here it is:
If you have one coin that is undergraded, and one coin that is overgraded, PCGS should give you the opportunity to perform what numismatists call 'the old switcheroo'.
You send both coins in and the overgraded liability gets removed from the market and rehoused in a shiny new and more appropriate holder, while the undergraded coin which had been destined to end up across the street gets moved into its rightful higher grade holder.
Everybody wins.
Don't they?
0
Comments
Kyle
No. Switcheroos would damage their reputation for unbiased grading. PCGS can't intentionally upgrade a coin for any reason other than that they REALLY think it grades higher.
Now, if they could do it without anyone knowing...
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Question is, who determines what's undergraded and overgraded.
Good point. On the other hand, how many of us have seen two examples of the same coin with the better one in the lower holder and the worse one in the higher holder? I know I have, and I would venture to guess you have too.
When I read this response in the Q&A forum, it occured to me that even PCGS believes that the comparison of one example of a coin to another example of the same date and type (in this case the 1804 dollar) was a perfectly legitimate and appropriate way to evaluate grades and to perhaps reconsider an earlier conclusion.