Is "PQ" a misused designation?

dizzyfoxx · August 3, 2006 9:23AM

I see a lot of coins advertised as well as at shows where the price tag sticker or description also states that the coin is PQ.
Many I have seen don't seem to be PQ in my opinion. Is this a misused term in the hobby?

saintguru · August 3, 2006 9:25AM

Only when used in an ad.

You can OWN a PQ coin, though.

JJM · August 3, 2006 9:25AM

in general - yes - depends on who your dealing with and what you think it is.......

rsdoug81 · August 3, 2006 9:27AM

Absolutely

coinguy1 · August 3, 2006 9:28AM

<<Is this a misused term in the hobby?>>

You bet it is. It's also horribly abused and overused. I especially enjoy seeing it when the coin is over-graded.

relayer · August 3, 2006 9:28AM

Yes, it should be changed to First Strike

dan8402 · August 3, 2006 9:46AM

<< <i>Yes, it should be changed to First Strike >>

I think the First Strike posts will start to rival that of the great Golden Buffalo soon here.

Aegis3 · August 3, 2006 9:49AM

It sometimes seems that all what PQ means is "for sale."

majorbigtime · August 3, 2006 10:07AM

Is "PQ" a misused designation?

It only applies when buying--never is applicable when selling!

LincolnCentMan · August 3, 2006 10:28AM

If it's used on more than 10% of the seller's coins, it's probably mis-used. I think experienced collectors tend to have a slightly higher percentage of PQ coins because they tend to seek them out and keep them once they are attained.

David

goose3 · August 3, 2006 10:32AM

more like ABUSED.

Fairlaneman · August 3, 2006 10:34AM

Isn't PQ exactly like a grade that is given a coin ? Just a opinion from the person looking at the coin.

Yes it is way over used......In My Opinion.

Ken

sweetwilliet · August 3, 2006 10:36AM

PQ should be used on about the same percentage of coins as NGC's star designation, in my opinion. Probably less than 1-2% of coins are truely PQ coins, most sellers claim 50% of their coins are PQ. I laugh when I look on ebay and see PQ, usually it means barely made the grade.

Outhaul · August 3, 2006 10:38AM

PQ is just another crap hype term. Overused and abused.

cladking · August 3, 2006 10:47AM

A collector should not pay a premium to current market on this basis unless
he knows how to grade or has great trust in the dealer. One is better off
looking for coins he likes that are dogs and will sell at a discount

.

Ownership used to be worth a couple grades but now it always moves a coin
to "just missed" the higher grade. Be careful especially if your motivation is
profit. There is already a lot of spread sometimes and you don't want to in-
crease it. If a collector stretches for a coin he likes then there is much less risk.