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Digital serial numbers on coins?
Cameo CC
Posts: 663 ✭
It is Friday morning and I have some free time until the 20th Anniversary Silver coin sets come in.
PCGS is always looking for ideas to improve, so what do you think about attaching a digital serial number to the edge of a coin? Like what they do with diamonds.
The serial number could be:
Just think how the population report would be much more accurate. One of my favorites is the 1915 $50 Gold commemoratives. When I add the population report of NGC and PCGS they are higher that the mintage.
Well, what are your thoughts?
Todd
PCGS is always looking for ideas to improve, so what do you think about attaching a digital serial number to the edge of a coin? Like what they do with diamonds.
The serial number could be:
- Laserbar-codeink that could leave a trace if removedother (your ideas)
Just think how the population report would be much more accurate. One of my favorites is the 1915 $50 Gold commemoratives. When I add the population report of NGC and PCGS they are higher that the mintage.
Well, what are your thoughts?
Todd
Todd Abbey
800.954.0270
800.954.0270
0
Comments
It could indeed be bad for coin doctors. It would be good for people who are interested in pedigrees and for people who have coins stolen. Personally I think it's a good idea but would have trouble gaining general acceptance.
There are some issues. Would the public be able to research serial number/grade data from the TPGs?
If a cracked-out coin is resubmitted to a TPG, and the TPG knows from the serial number it was a certain grade when it first was submitted, would anyone mind if the coin graded differently? If the coin downgrades, will the resubmitter be OK with not collecting on the grade guarantee even though it's a known fact the coin graded higher in the past?
If the coin upgrades, and potential buyers can find out the coin used to be graded lower, is the coin tainted forever? What if the coin's history had these grades: 61, 62, 58, 63 - as the owner of a 1909-S VDB told us at an ANA grading class? Wouldn't a buyer think the coin had been worked on, even if there was no visible evidence of such?
If the public CAN'T access the serial number/grade history, would that stifle acceptance of the concept?
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Why not just list the digital serial number on the holder as well.
But, your points are well taken. If it was easy, someone would have already done it.
Todd
800.954.0270
Nice thought but the "damage" would poo-poo this. I have investegated microscopic mapping of defects and features, and recently thought about fluorescence as a way to impart an identifier to a coins edge. The process would be much like vetting when getting a digital certificate. Once approved the coin would be edge treated with a fluoresent dye band (no adhesives) in a bar code that could be "read" by a reading machine (The coin would not move in the machine) to retrieve the information. I want to make it so you can do this to coins in the TPG holders. Let me know what you think.
Patent Pending,
Dan
First Place Winner of the 2005 Rampage design contest!
NEVER gonna happen.
What happens when PCGS goes out of business and 50 years from now all coins are then altered.
No!
PCGS/NGC and all the TPG lose regrade money and the presumption by the OP is that a coin can only be graded once. Everybody on these boards knows that graders make mistakes, have bad days, or just out and out blow the grade. Heck, sometimes the coin and the label on the slab don't even match! Imagine your frustration when you get your 1885-CC Morgan back that you knew in your heart was an MS64, and everybody you shared it with agreed it was an MS64, comes back as a 1884-CC MS62 with the digital serial number enscribed on the edge, sealing it forever as that coin! Bad idea! Too many humans involved in the process.
I do not understand why there is such animosity about regrades and crackouts? Its a free country and everybody is entitled to their own opinions. This includes coin grades.
The name is LEE!
K S
"Keep your malarkey filter in good operating order" -Walter Breen
JJ
<< <i>hmm, that was strange. >>
<< <i>It is Friday morning and I have some free time until the 20th Anniversary Silver coin sets come in.
PCGS is always looking for ideas to improve, so what do you think about attaching a digital serial number to the edge of a coin? Like what they do with diamonds.
The serial number could be:
Laserbar-codeink that could leave a trace if removedother (your ideas)
I think this would put the coin doctors, upgrade artists and crossover nuts out of business.Just think how the population report would be much more accurate. One of my favorites is the 1915 $50 Gold commemoratives. When I add the population report of NGC and PCGS they are higher that the mintage.
Well, what are your thoughts?
Todd >>
The grading companies will never do anything that will cut down on resubmissions or crossovers. A better idea would be to take high quality photos of every coin graded, which could be used to make a database which could catch any resubmitted coins, and thus remove the original submission from the pop reports. (The graders should be under no obligation to give the coin the same grade.) It could also be used to determine how grading standards change over time, but something tells me if that is done, such information would never get officually relased.
Ed. S.
(EJS)