PCGS Grading Standards - Today vs Long Ago.....
drddm
Posts: 5,299 ✭✭✭✭✭
Does anyone feel that since PCGS is grading SOOOO TIGHT these days that the coins being graded now in the newest inserts (the ones without the series # or Coin # on the insert) are somewhat equivalent to the grading standards of the old rattler holders?
Just curious what people's opinions are.
Just curious what people's opinions are.
0
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and it sets us apart from practitioners and consultants. Gregor
CONSISTANT is what is important.
and it sets us apart from practitioners and consultants. Gregor
Let's just say not all of us believe PCGS is "tighter than ever".
Any truth to this or opinions?
<< <i>I've read some post not long ago that PCGS crosses coins (at the same grade) if they are in the top 10-15% for grade. >>
IMO no that statement is not true!
myCCset
Care to explain that one?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Anyone else agree?
20 1981 Lincolns that were returned from a bulk order as being ms65 or lower. Resubmitted all 20 and got 16 ms66's and 4 ms67's. 100% changed grade, at least 20% by at least 2 grades.
I had about 100 coins graded in the last 6 months.
Got some 67 mercs, but also got some "cleaning" BB on a previous ms63 and au58 pcgs holdered mercs.
I believe they certainly had tighter standards 10-20 years ago.
But also most of the older holdered (rattlers and OGH) coins left from that era are the "dogs of yesteryear".
Most of the premium coins have already been cracked out.
But finding a collection put together a few years back and .....
Most collectors are buyers, and only occasionally sellers. As buyers, they win short-term when they buy undergrades from those who have to sell (many submitters/dealers). When the liners don't get the benefit of the doubt, the buyer just might.
and it sets us apart from practitioners and consultants. Gregor
Russ, NCNE
<< <i>What about pre-1950 coinage? >>
Don't know. I submit very few minted before 1950.
Russ, NCNE
Text
I guess that means they are pretty conservative now, huh?
<< <i>What about pre-1950 coinage? >>
From what I see recently, I do not believe PCGS is currently as tight on Bust series as they were quite awhile ago. I think the standards were tighter up through PCGS holder style 4, and somewhat into the PCGS holder style 5 years, about ten years ago.
About that time, NGC standards were already so low that PCGS might have decided to ease up on their standards also. NGC holder style 6 started around 1997. It was no longer the "fat" holder. I think NGC standards from the holder style 6 on to date have been very loose, and very inconsistent for the Bust series. JMHO
My 1866 Philly Mint Set
<< <i>Always remember ... any older holder/grade can be put in a new holder for a couple of bucks. The newest or newer period holders will not bring a premium in and of themselves. I am one who loves old holders . K >>
Good point. If these new slabs begin to sell for a premium you can expect a flood of reholders. For five bucks you have your loosely graded PCGS coin in the new tightly graded holder.
<< <i>20 1981 Lincolns that were returned from a bulk order as being ms65 or lower. Resubmitted all 20 and got 16 ms66's and 4 ms67's. 100% changed grade, at least 20% by at least 2 grades. >>
Does this prove PCGS is undergrading coins or overgrading coins? Either way, sure looks sloppy to me.
<< <i>Any truth to the saying that PCGS crosses over (into same grade) only coins from other TPG's that are in the top 10-15% for the grade? >>
This purely depends on which TPG you are referring to. NGC has a much better record than most any other TPG. Some TPG's probably couldn't get 1 in 1,000 to cross.
Case in point:
Older holder on the 65 and just this past month on the other two.
The name is LEE!
they are looser as well as tighter
Looser on some, tighter on others, inconsistent on just about everything.....
Lately they are wrong, therefore.... We are right !
edit to add:
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Doug
<< <i>lose women....tight tails >>
so why did you even bother to resubmit them and raw?
just ask Coinguy1
I don't think it's tight at all!
The problem is people got sick of the ridiculously tight grading in some areas and stopped submitting. So then they loosen again in order to get the submissions back.
Rinse, lather, repeat.
<< <i>Well, I think they are tight.
Case in point:
Older holder on the 65 and just this past month on the other two. >>
This is a very good example as to how grading of moderns has tightened.
If I were buying moderns, I would avoid the blue tag holders with the coin and series numbers on them -- unless I could get them at a discount, and the coin truly "made the grade" (i.e. would holder at the same grade if re-submitted).
<< <i>There is absolutely no doubt in my mind that PCGS is currently grading tighter for 1950 through 1970 era coinage then they were a couple of years ago.
Russ, NCNE >>
.........SO IT IS WRITTEN