Lets say you know that the highest graded example of a coin on the pop report has no business being
ColonialCoinUnion
Posts: 10,087 ✭✭✭
Its over-graded, far inferior to several lower graded coins and must have gotten there by mistake (assume I know what I'm talking about here). As it is, its skewing the pop reports and weakening the Registry concept.
Perhaps as an example the famous FS 1960-D Jefferson story from a few months ago would suffice.
Short of buying such coins and then trying to get them off the market, what can / should be done?
Perhaps as an example the famous FS 1960-D Jefferson story from a few months ago would suffice.
Short of buying such coins and then trying to get them off the market, what can / should be done?
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as long as you know and can prove it to yourself and other advanced collectors
and lets assume you did care and it did affect the market well then such is life
and this then tells me the market is screwed up but as with coins and coin markets these things change like the wind
and one day the cluods will clear with this higher graded mistake coin and the sun will shine revealing all
you got to be a long termc ollector and collect the coin not the holder
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Betts medals, colonial coins, US Mint medals, foreign coins found in early America, and other numismatic Americana
<< <i>who cares?? >>
I do.
<< <i>CCU-- honestly, I am quite surprised by this post. I think a collector/dealer of your stature couldn't care less about something like this. I assume this is a hypo, so I will give my comments. Similar to what michael said, I don't think it really matters. The better coin will always prevail, notwithstanding what is on the plastic. As for the registry implications, (at the risk of getting bounced from these boards), I say, "Down With the Registry!". >>
If you believe the Registry is a complete waste of time (which is my interpretation of your 'Down with the Registry! comment), then I can understand why you think the accuracy of the pop reports and therefore the registry itself is unimportant.
But you're wrong. The Registry is here to stay, its wildly popular and its growing. Like it or not, it has a profound impact on the overall market and on prices of coins you collect regardless of whether or not you participate in the registry yourself.
That being the case I would like to see it improved and made as accurate as possible. Call me crazy. Go ahead.
<< <i>There is an AU 1829 curl base 2 dime on the pop report that was disproven a long time ago. The actual coin was a "mechanical error" normal date that Russ Logan had. >>
I actually know of several other mechanical errors in various series which have been parked on the registry for years.
Have you checked out the listings for Getz Cents lately?
That being the case I would like to see it improved and made as accurate as possible. Call me crazy. Go ahead.
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yes i do agree but here is the problem once it is on the pop report even if it is not true it is not an easy task to get something corrected no matter waht the reason and unfortunately this is just the way it is with the pops and registry concept
such is life
Everyone knows that the populatoin reports are extremely inaccurate. How many people actually return the insert when they play the crack-out game? Yes, I have a registry set. I have no intention of becoming the best set ever. I know my money can't buy it. To me, it's not a contest. I don't think the population reports influence the prices of coins I buy.
But if you know this top pop coin should be reviewed, why not drop it off at PCGS for review at the next show you attend?
Morgannut2s concept would certainly help.
I'd personally like to see PCGS work with specialists in each area to fix that which can be fixed. I know where the colonial registry is amiss and it could be fixed in about 1 day - I bet those who specialize in Indian Cents or Franklin Halves know the issues in their series.
Just a thought -
<< <i>The better coin will always prevail, notwithstanding what is on the plastic. >>
This could hardly be more wrong. While an overgraded coin may not bring the money that the grade on the label may otherwise demand, the coin will still often sell for multiples of what it would be worth in the proper slab. I've seen several Top Pop coins that were in my opinion DOGS! These were coins that I wouldn't give much more than a second look if raw. However, they bring huge sums of money when at auction simply due to what the plastic says.
I'm not sure anything can be done with regards to these coins other than buying them, turning them in, and then hoping PCGS sees things your way. However, I do understand ColonialCoinUnion's point.
My comment was:
<< <i>I'd personally like to see PCGS work with specialists in each area to fix that which can be fixed >>
Even if you can't make the pop reports perfect, I see no reason not to fix obvious errors if its possible to do so. Or should Pistareen's example of the mechanical error 1829 Curl Base 2 Dime just stay on the pop report in perpetuity even though a number of specialists all know that its wrong?
<< <i>Even if you can't make the pop reports perfect, I see no reason not to fix obvious errors if its possible to do so. >>
I agree. To mistakenly publish an error is bad enough. But to KNOWINGLY publish an error is unethical.