ALL SEVEN 1982 LINCOLN CENTS TO BE WITH MAJOR VARIETIES

Steve

Just got this email from BJ concerning a request to have the complete 7 coin 1982 Lincoln cent varieties added to all Lincoln circulated sets with major varieties:



Hi Steve,



After a registry meeting today with the PCGS experts, it has been decided to add the 1982 varieties to the major variety set. I’ll try to get this done as soon as I can.


Thanks.



BJ Searls

Set Registry Manager

512.496.5018

512.420-8805 Fax

www.pcgs.com (coins)

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From: SJCOHEN730@aol.com [mailto:SJCOHEN730@aol.com]
Sent: Wednesday, November 28, 2007 12:27 PM
To: BJ Searls
Subject: LINCOLN CENT REGISTRY - SUGGESTION



Dear BJ,



I, along with many other Lincoln cent collectors appreciate what you and your staff are doing to improve the Set Registries. I would like to request that the 5 Lincoln cents of 1982 which are NOT part of the basic set be included with the Major varieties sets. These are the composition changes & small date/large date changes which resulted in the US Mint issuing 7 business strike coins for Philadelphia and Denver 1982. These coins are generally collected by almost all of us because of their significance and their affordability. You might want to survey everyone, but these coins deserve to be treated as MAJOR varieties instead of MINOR varieties as they are now. Thank you for your consideration.

Steve Cohen

SJ Cohen Collection

DMWJR

Excellent! I just sent my seven coin set to PCGS to be graded. I'll let you know what the slabs look like when I get them back.

ahooka454

wow, really. thats pretty cool. i was born that year.

thanks for the info steve.

WaterSport

Well those were the first crossovers I was planning to do for the Variety set anyway...I wonder how they are going to Handel the ALREADY slabbed 1982 cents...Will you now be able to list ANY of the 1982 coins in the basic circ sets and they will count..or only the Copper ones??? Will EVRY 1982 coin now have to be resubmitted??? I hate sounding like a pain in butt, but why is this stuff not thought through. I mean look at the entire Satin mess. All my 2005 and 2006 coins must be resubmitted because of wrong numbers that do not jive with the variety set.

WS

DMWJR

WS,

I don't understand why you have to resubmit your 05 and 06 coins. What's the deal?

Steve

Bob, I understand your frustration. Doug, here is my take on the issue.

My objective in making the suggestion was to GET the 7 varieties into the MAJOR variety sets. THAT has now apparently been done.

What still needs to be done is for PCGS to develop a numbering system and a procedure to ADD new coins to their grading structure. As I understand it, right now all these so called MINOR variety coins are grouped as either error coins or, as with the satin finish types, are interchangeable as far as the Set Registry is concerned.

In order to make this work I think each of the seven 1982 Lincoln cents need to have their own PCGS coin "number". I think that over time those existing 1982 PCGS slabbed Lincolns will need to be resubitted to PCGS for reholdering AND to be checked again to see what version of 1982 coin they really are. The same thing will need to happen for the satin finish coins of 2005, 2006 and 2007. How PCGS handles this will be interesting. There is obviously cost to PCGS involved and just how much PCGS is willing to obsorb in order to "get it right" will be interesting. If they do it right, the ONLY way to be able to have a slabbed PCGS Lincoln Zinc small date or a 2006 Satin Finish Lincoln in the Major Variety sets would be AFTER resubmission. The existing BASIC set rules would not change IMHO.
Some people will resubmit, some will not resubmit. This whole issue will resolve over time. Bottom line in MY thinking. Basic sets remain as is. Basic sets with Major Varieties MUST update their coins. Steve

jdjanssen

I think this is a good thing. Were the proof coins issued in zinc and copper also?

WaterSport

Your are correct Steve. Interjecting new coins, be they Satins or varieties has proven to be problem either because of the number system not being thought out, or lack of number control when a new one was needed.

Doug: my satins have the wrong numbers according to BJ. So they will not load in the new variety sets, even though they work in all the others (darn satin coins!) This is why I am nervous about the 1982’s! Likewise, I am sure you experienced or heard others having problems with major varieties not working in the new variety sets. I have to send in my 43 D/D because it was slabbed long ago and the number does not jive. Which is a different story for my 25 s/s. It was labeled as a generic 1925 S but had the Breen number listed and the words MINT ERROR. Any coin with MINT ERROR, will need to be resubmitted. So while I can appreciate the time, effort and cost to get things straight on PCGS part, I see a lot of $$$ coming at them to correct THEIR mistakes. I do not feel that is right. Give a voucher, do it for free or do it a lower cost, but I see a boat load of coins being returned. And just how many 1982’s I can not imagine!
WS

DMWJR

Gotcha. My BS and SF coins worked in my set, so I didn't perceive that there was a problem.

I don't really have a problem with the fee to reslab coins that have the "Mint Error" designation. The submitters did it to help them sell a coin while PCGS would not officially recognize those varieties. Sounded like a nice compromise to me at the time, and PCGS should get a fee for making them official now.

I do agree with you about any coins that were mistakes by PCGS on the serial numbers. Those coins should be corrected with no fee.

Silverstate

WOW,

This is great..Now I will take a full set of those, please !!

WaterSport

Update: By now many of you may have gotten the email from BJ about the 82's. I also asked her what will happen to the old graded 82's and will the new graded 82's work in any P or D slot in the OTHER sets. She also got two of my three Satins to load, So I down to one needed to be sent in. Thank you BJ!

Bob

Steve

Based on the LATEST email I got from BJ it looks like only newly graded 1982 varieties of zinc and small date Lincolns will be allowed into the Major varieties sets. This all makes sense to me and could lead to to a quick resolution of how all the Major variety sets are handled in the Set Registry. How many people who now own slabbed varieties which are currently not identified as such by PCGS would be willing to resubmit for a fee is questionable. Steve

DMWJR

Steve, I got an e-mail from BJ today and the Complete Variety Proof Set is in the works too.

LincolnsRule

Steve: Does that mean the already graded 1982's will default to copper large dates? They should have them default to zinc large dates as 90% (or even more) already graded 1982's are those. 2 weeks ago I sent some copper varieties in to be designated. They should be done soon.

Steve

<< <i>Steve: Does that mean the already graded 1982's will default to copper large dates? They should have them default to zinc large dates as 90% (or even more) already graded 1982's are those. 2 weeks ago I sent some copper varieties in to be designated. They should be done soon. >>



As I understand it (and I may be wrong) the BASIC sets will not change. That is any variety of 1982 or 1982D that you currently have in your set OR any variety that you submit in the future which PCGS then grades and identifies as zinc or copper and large date or small date WILL be accepted into either the Philly (plain) or Denver (D) mint mark position in the Set Registry.

The Basic + Major Variety and the Complete Variety sets MUST have the correct variety version for the 1982 slots for all coins that are submitted in the future. For those coins that are currently slabbed, it is MY guess that they will either fill the copper slots in those sets OR that they will be removed from those sets. Those of you who have 1982 or 1982D Lincoln cents already slabbed should try entering them into the Basic + Major Variety and the Complete Variety set Registries and see if they are accepted. I "think" they will not be accepted and if that is the case then you would "probably" have to resubmit under the variety regrading option to get the coins in either the Basic + Major Variety or the Complete Variety sets. As I would also understand you would be guaranteed not to have the grade lowered. JMHO. Steve

oxy8890

<< <i>Well those were the first crossovers I was planning to do for the Variety set anyway...I wonder how they are going to Handel the ALREADY slabbed 1982 cents...Will you now be able to list ANY of the 1982 coins in the basic circ sets and they will count..or only the Copper ones??? Will EVRY 1982 coin now have to be resubmitted??? I hate sounding like a pain in butt, but why is this stuff not thought through. I mean look at the entire Satin mess. All my 2005 and 2006 coins must be resubmitted because of wrong numbers that do not jive with the variety set.

WS >>



Watersport,

I asked BJ these questions earlier this week and here are the answers I received:

I wonder how they are going to Handel the ALREADY slabbed 1982 cents...Will you now be able to list ANY of the 1982 coins in the basic circ sets and they will count..or only the Copper ones???

All already slabbed 1982 cents will count toward the basic set.


Will EVERY 1982 coin now have to be resubmitted??

Every 1982 Lincoln cent that you would like to place in your variety set needs to be attributed by PCGS. BJ explained that these coins should be resubmitted to PCGS for variety review.

I would also understand you would be guaranteed not to have the grade lowered?

Once a coin is graded the grade will not be lowered by PCGS on a Variety Review. Now if the coin has turned in the holder and PCGS doesn't like the look of that coin for the grade, they may call you and discuss an equitable agreement to downgrade/remove the coin from the holder


The above was my understanding during the conversation I had with BJ other than the last line. The last line was information that was explained to me by PCGS during a presidential review.

If any of you have nice 1982 varieties let me know and I will do the same.

Steve

Sounds to me like we now have a definitive explaination as to how PCGS will handle the 1982 Lincoln varieties and the 2005, 2006, 2007 and onward satin finish Lincoln cents. Now if they would only publish this information on the website so EVERYONE will see it.
Steve

WaterSport

You will also now see that the two "extra" 1982 slots have been removed so the total for this set is now 368 coins, and not 370.

WS

DMWJR

Yep, I got my 7 varieties attributed, and they work in the Complete Variety Sets. However, none of them work in regular or major variety sets .... Guess I will wait until they figure it out.

RBinTex

PCGS #/ Date / Variety
146017 1982 Copper Large Date
146020 1982 Copper Small Date
146027 1982 Zinc Large Date
146030 1982 Zinc Small Date
146024 1982-D Copper
146033 1982-D Zinc Large Date
146036 1982-D Zinc Small Date

Twincam

<< <i>Yep, I got my 7 varieties attributed, and they work in the Complete Variety Sets. However, none of them work in regular or major variety sets .... Guess I will wait until they figure it out. >>


That sounds a bit frustrating...but at least you've got some progress being made. Still no movement in varieties for Kennedys

oxy8890

<< <i>Yep, I got my 7 varieties attributed, and they work in the Complete Variety Sets. However, none of them work in regular or major variety sets .... Guess I will wait until they figure it out. >>



This is something they may not be aware of.

DMWJR

My understanding from Steve is that the seven coins are going to be included in the "Major Variety" sets, which will mean that the generic slots will come out (Just like the complete variety sets). So that should fix the issue for the Major Variety Sets. I'm sure they will correct the Basic sets to accommodate any of the seven coins. They will have to do it on a lot of sets, so I'm sure it is not as simple as changing two or three sets. a 1982 coin is a part of many sets (Complete, Basic, Standard, Date, Type, and Mint Sets).

Steve

<< <i>My understanding from Steve is that the seven coins are going to be included in the "Major Variety" sets, which will mean that the generic slots will come out (Just like the complete variety sets). So that should fix the issue for the Major Variety Sets. I'm sure they will correct the Basic sets to accommodate any of the seven coins. They will have to do it on a lot of sets, so I'm sure it is not as simple as changing two or three sets. a 1982 coin is a part of many sets (Complete, Basic, Standard, Date, Type, and Mint Sets). >>



See the copy of the email from BJ that is the original post to this thread.
Steve

DMWJR

The "Major Variety" sets have been corrected and updated. Now for the regular sets to be fixed ....

shuckins