Older PR70s, are they REALLY 70s?
clevegreg
Posts: 909 ✭
I was wondering what everyone thinks about the issue of the "older" PR70s that PCGS has graded. From my own experience, and the postings of others, it seems to me that there are few if ANY PR70s that if sent in for a grade review would make the grade.
I have seen some recent Commem's that perhaps deserve the grade, but ALL of the others (Proof Set coins) I have seen (18 or so)have visible "problems". Since PCGS has changed their method to determine if a coin in indeed a 70 in the past few years, shouldn't those PR70 coins that are entered in a Registry Set have to meet the current criteria?
I certainly don't mean this in a negative way towards those who have a plethora of these in their sets. I know that all of the services get "looser" at times, but I don't think with the impact of grading 70s. Perhaps PCGS should require any PR70 graded before their methodology change occured be re-submitted for a review for it to receive the full 70 points in a Registry Set. Any coin not re-graded would receive 69 points.
There are probably some coins out there that would still be 70s. Lets find out for sure. I feel this requirement would help to insure the viability and validity of the Registry Set concept. What do you all think?
Greg
I have seen some recent Commem's that perhaps deserve the grade, but ALL of the others (Proof Set coins) I have seen (18 or so)have visible "problems". Since PCGS has changed their method to determine if a coin in indeed a 70 in the past few years, shouldn't those PR70 coins that are entered in a Registry Set have to meet the current criteria?
I certainly don't mean this in a negative way towards those who have a plethora of these in their sets. I know that all of the services get "looser" at times, but I don't think with the impact of grading 70s. Perhaps PCGS should require any PR70 graded before their methodology change occured be re-submitted for a review for it to receive the full 70 points in a Registry Set. Any coin not re-graded would receive 69 points.
There are probably some coins out there that would still be 70s. Lets find out for sure. I feel this requirement would help to insure the viability and validity of the Registry Set concept. What do you all think?
Greg
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Comments
(edited to correct spelling error, sorry!)
Chris
www.AlanBestBuys.com
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Rick Stewart Collectins
Jim
I haven't heard or seen of many 68s or 69s that people think don't deserve the grade. They also do not impact the Registry system or collectors pocketbooks nearly as much.
Greg
Eventually the 70 pops would be more reflective of current standards and be more accurate.
1) We have mostly really good people here, and
2) with the $$$ given by pcgs, and the "terrific warm fuzzy" feeling one will get, how could you lose?
3) Pops will reflect the "truth" as we know it.
Unfortunately, there are a few of these coins still around, but they are not easy to sell. I'm sure they'll stand out when a set starts to become "really" good.
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While PCGS has stood behind their PR70 grades admirably (downgrading and shelling out the cash when resubmitted), I don't believe they care quite so much about the registry's integrity as to specifically invite many $1000's worth of regrades.
Hmm... in fact, now that I think about it, maybe the entire registry concept is a clever conspiracy to keep those overgraded PR70s locked up in collections by people worried about losing their registry rank! Brilliant!
Greg