Because from what I have seen, they don't undergrade any eye appealing original coins. They wait and then overgrade it after someone has cracked it out of its proper holder and proceeded to dip and strip it.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
My serious answer would be it has only two major impacts : 1) The top quality original coins will be subject to the crackheads who dip, upgrade, profit and run, 2) The situation arises where your clearly superior collection is ranked lower in the eyes of PCGS (But no one else on this planet) because some dogs are graded higher. The collector faces a choice of having a lower rank--or pissi#g away money the buy duplicate top Registry Cr#p to be number 1.--- -------------- AS far as selling--the PCGS grade means squat these days. The entire purpose of grading is obsolete IMHO.
Contrary to what some people say, it's not all "psycological" its about the $$$$. Many dealers like to pretend that they and only they know when a coin(s) is undergraded and proceed to price their coin(s) accordingly. Maybe some dealers WANNABE graders also !!
I gladly bow to your FAR greater experience with copper grading. However, it is still been my experience that grading standards have decayed so far over the past 20 years or so (otherwise known as the age of the TPG) that even most of the so-called "undergraded" coins of today are actually overgraded. I state this as a fact with silver...with copper it is admittedly a supposition on my part based on what I read and hear.
Just because I'm old doesn't mean I don't love to look at a pretty bust.
Comments
that's why.
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AS far as selling--the PCGS grade means squat these days. The entire purpose of grading is obsolete IMHO.
FYI PCGS consistently undergrades eye appealing,high grade COPPER coins.
stewart
ps - I doubt anyone will dip and strip copper coins
I gladly bow to your FAR greater experience with copper grading. However, it is still been my experience that grading standards have decayed so far over the past 20 years or so (otherwise known as the age of the TPG) that even most of the so-called "undergraded" coins of today are actually overgraded. I state this as a fact with silver...with copper it is admittedly a supposition on my part based on what I read and hear.