Is anyone else holding back on PCGS submissions until the start slabbing problem coins?
PQMorgans
Posts: 727 ✭
I love toned coins ,but they have thier drawbacks...Some get BB for questionable color or altered surfaces.
I have a number of different coins but I have a history of up to about a 30% BB rate (on some submissions) for altered surfaces and questionable color. These coins I ended up selling back to the dealers at a loss. Would be nice to have them slabbed and keep them.
Recently PCGS sent out emails for feedback on them adding this service and other changes.
Is anyone else holding back on PCGS submissinos until the start slabbing problem coins?
I am holding off on all my submissions. I will submit more when all coins submitted are slabbed. I figure my coins are not going anywhere soon so I will wait.
Anyone willing to share info when this service will be availible?
I have a number of different coins but I have a history of up to about a 30% BB rate (on some submissions) for altered surfaces and questionable color. These coins I ended up selling back to the dealers at a loss. Would be nice to have them slabbed and keep them.
Recently PCGS sent out emails for feedback on them adding this service and other changes.
Is anyone else holding back on PCGS submissinos until the start slabbing problem coins?
I am holding off on all my submissions. I will submit more when all coins submitted are slabbed. I figure my coins are not going anywhere soon so I will wait.
Anyone willing to share info when this service will be availible?
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"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
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Oh, and I'm not going to be holding back coins until they slab the problem ones.
The name is LEE!
I do NOT want to see them put problem coins in PCGS holders, or else searches for PCGS coins will be as polluted with problem coins as searches for ANACS coins are today. It's frustrating to search for problem-free ANACS coins when 2/3 of the returned listings are "net graded" or "details" graded problem coins.
Russ, NCNE
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I buy and sell PCGS in order to avoid problem coins. I hope they never sart labeling problem coins.
But if everyone else woulld kindly hold back their submissions maybe I will get mine graded faster.
<< <i>I thought there was some hullaballoo about folks breaking anacs net graded problems coins and selling them raw and getting big bucks but not disclosing their origin? Would this increase the number of such coins available to the crooks to do this with? Personally, I hope they back burner the idea and instead focus on getting the variety attribution up and running. >>
I agree, after all, the market would then get flooded with problem coins that had formerly been in PCGS holders.
Something like:
1891 Liberty Seated Half, XF-45, Recently removed from a PCGS Slab!
The name is LEE!
For me this would be a good thing.
Keep you opinions coming. I learn alot from these threads on this board.
Now one other thing I notice when I started collecting in slabs. Take a PCGS morgan and the same coin/grade in a NGC holder. Hold them side but side. The PCGS looks much better, the NGC looks smaller. PCGS is the only way to go. I do buy NGC on occasion but only if they will cross PCGS. The value also jumps some from a NGC when crossed into a PCGS holder.
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i>Not all of us can afford top graded no problem coins. >>
Very true. That's why ANACS and NCS are around. They are perfectly acceptable alternatives.
Russ, NCNE
<< <i>I do not want PCGS to holder problem coins. It would do nothing but damage their reputation, and thus the reputation of coins they've already graded. There are already a couple of services that slab problems.
Russ, NCNE >>
I agree with Russ, and I would be very surprised if PCGS starting slabbing problem coins any time soon.
<< <i>Very true. That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
True. But NCS is just an arm of NGC. NGC wisely chose not to brand problem coins as "NGC." As a result, we can still search for "NGC" coins without seeing search results polluted by scads of problem coins.
PCGS could do the same, which wouldn't be a disaster as long as the coins were not in PCGS holders or with PCGS branded labels.
<< <i><< Very true. That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
True. But NCS is just an arm of NGC. NGC wisely chose not to brand problem coins as "NGC." As a result, we can still search for "NGC" coins without seeing search results polluted by scads of problem coins.
PCGS could do the same, which wouldn't be a disaster as long as the coins were not in PCGS holders or with PCGS branded labels. >>
I think the NCS division hurts NGC's reputation. How many times have we seen complaints about NGC graded coins because they look "NCS'd"?
Russ, NCNE
Did anyone else vote in the PCSG poll?
I did not hear the results, nor did I hear that PCGS made this decision.
Also, I doubt that I will ever use NGC again as they have BB'd no problem coins of mine on more than one occasion. I am not talking about borderline no problem coins. Gorgeous, original never messed with coins returned as improperly cleaned and tagged with an invitation to send more money for an NCS slab. They ended up in PCGS holders which is where I should have sent them to begin with.
<< <i>I have a number of different coins but I have a history of up to about a 30% BB rate (on some submissions) for altered surfaces and questionable color. These coins I ended up selling back to the dealers at a loss. Would be nice to have them slabbed and keep them.
>>
Why? If they are borderline, chances are you can get a good number of them holdered at NGC or ANACS.
<< <i> That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
perfectly acceptable to who? not me......I'm pretty picky about my stuff.
and here I was under the impression we had feedom of choice in this country
I'm from New Hampshire. "Life Free or Die" is our motto. Being limited to NCS and ANACS is not my idea of freedom......
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i><< That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
perfectly acceptable to who? not me......I'm pretty picky about my stuff. >>
So, the problem coin you'd like to get holdered at PCGS would be a different coin if it were holdered by ANACS or NCS?
Russ, NCNE
<< <i>
<< <i><< Very true. That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
True. But NCS is just an arm of NGC. NGC wisely chose not to brand problem coins as "NGC." As a result, we can still search for "NGC" coins without seeing search results polluted by scads of problem coins.
PCGS could do the same, which wouldn't be a disaster as long as the coins were not in PCGS holders or with PCGS branded labels. >>
I think the NCS division hurts NGC's reputation. How many times have we seen complaints about NGC graded coins because they look "NCS'd"?
Russ, NCNE >>
It's not the NCS holder and details grade that hurts NGC's reputation, it's the fact that they destroy too many coins in the conservation process that does.
<< <i>So, the problem coin you'd like to get holdered at PCGS would be a different coin if it were holdered by ANACS or NCS? >>
When I was younger I looked better when I was sitting in my Corvette Covnvertible then in my winter car. Same guy ,different holder and I got more smiles and waves from the ladies in my Vette then I ever did in my winter car.
Same coin is more appealing in a PCGS holder. Also I like the PCGS holders, the others are fine, but I prefer PCGS. When PCGS starts slabing these coins, all will have the choice whether to buy them or not. The way it is now not everyone has that option to choose what they want in there collection.
The same coin in a PCGS holder to me is worth more then in a #2 holder and is worth a lot more then in a 3# holder. I have no problem with NGC or ANACS, The same coin in a PCGS is I feel is worth more on the open market and will sell easier and quicker. I went to a Boston show 2 years ago, I asked each dealer to see what they had in PCGS ms65 ms66 morgans. I was called greety, acused of cherry picking their stock and lectured because one women was offended I asked for only PCGS.
On the other hand I found a really PQ ms66 morgan at that show...In PCGS holder.
I just like PCGS, I beleive they are the best, I enjoy showing off my collection, and taking something from my restoring Corvette days I like to use the term," its a no excuse coin". I never heard any say to bad its not in a # 3 holder. Choice and options are good. I like that we all have different taste in things, It does not mean we all can't be happy. Just give us all the option to choose how we want to display and protect our coins.
Also NGC slabs do not fit in my PCGS boxes.
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i>The same coin in a PCGS holder to me is worth more then in a #2 holder and is worth a lot more then in a 3# holder. I have no problem with NGC or ANACS, The same coin in a PCGS is I feel is worth more on the open market and will sell easier and quicker. >>
Ah, so your motivation for wanting PCGS to slab problem coins is profit. Interestingly, that happens to be my motivation for opposing the idea. I don't want their product, and my coins by extension, devalued by venturing in to holdering problem coins.
Russ, NCNE
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i>I am holding off on all my problem coins until they start grading them. >>
now THAT may be a problem
<< <i>
<< <i>
<< <i><< Very true. That's why ANACS and NCS are around. They are perfectly acceptable alternatives. >>
True. But NCS is just an arm of NGC. NGC wisely chose not to brand problem coins as "NGC." As a result, we can still search for "NGC" coins without seeing search results polluted by scads of problem coins.
PCGS could do the same, which wouldn't be a disaster as long as the coins were not in PCGS holders or with PCGS branded labels. >>
I think the NCS division hurts NGC's reputation. How many times have we seen complaints about NGC graded coins because they look "NCS'd"?
Russ, NCNE >>
It's not the NCS holder and details grade that hurts NGC's reputation, it's the fact that they destroy too many coins in the conservation process that does. >>
I wonder if a NCSed coin will ever get a sticker?
<< <i>me too. The sooner they start this business, the better. >>
+
I'd much rather have that rare 8TF VAM graded XF45 at PCGS than come back in a PCGS AU50 problem holder.
PCGS holdering problem coins would be a disaster for all. Even the regular posters would rather pop up as trolls to support this stupid idea.
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<< <i>
<< <i>I am holding off on all my problem coins until they start grading them. >>
now THAT may be a problem
Sounds like a solution. Won't have to worry about them showing up.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I'm certain some will ... just as I'm certain that many many more won't.
Side by side ANACS slabs of course.
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