I usually agree with you kranky, but take issue with this:
And net grading is ridiculous, and is not a benefit to anyone. (I thought ALL grades below 70 were "net" grades.)
Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market. (if, of course, I like the coin and the price)
lots of the stuff on my want list would be acceptible in this Genuine slab; i've already bought NCS details grade, ANACS net grade, and raw damaged scarcities
<< <i>I usually agree with you kranky, but take issue with this:
And net grading is ridiculous, and is not a benefit to anyone. (I thought ALL grades below 70 were "net" grades.) >>
What I mean by "net" grade is saying a particular problem with a coin merits a deduction of X grade points.
Take a coin with XF-45 details. It has a rim bump. Net grading the coin will mean a deduction of some number of grade points for the rim bump. Let's say a service ends up net grading it to VF-30. How does that serve any purpose whatsoever? The coin is an XF-45 with a rim bump, it is not a VF-30. If I showed you the coin, would you say it's VF? No, you'd say it's an XF coin with a rim bump. That's what it is.
<< <i>Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market. (if, of course, I like the coin and the price) >>
I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS.
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.
It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>
PCGS was started BY dealers FOR dealers, to allow more efficent "sight unseen" trading on the teletype network. It was many years before they even allowed individual collectors to submit coins, and only after paying to join a "club."
Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
Looks like PCGS is hurting with $100 to put a coin in a tomb and now you have to be a certified dealer to submit bulk. It's a change but like Ebay it's not for the best as far as I'm concerned.
<< <i>Looks like PCGS is hurting with $100 to put a coin in a tomb and now you have to be a certified dealer to submit bulk. It's a change but like Ebay it's not for the best as far as I'm concerned. >>
Like eBay, PCGS isn't for evryone.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>
PCGS was started BY dealers FOR dealers, to allow more efficent "sight unseen" trading on the teletype network. It was many years before they even allowed individual collectors to submit coins, and only after paying to join a "club." >>
......and they are apparantly reverting back to the "dealer only" mentality.
<< <i>Effective immediately, the Professional Coin Grading Service (PCGS) will begin authenticating and encapsulating "problem" coins (i.e. altered surface, cleaned, environmental damage, etc.). Holders and inserts for the Genuine service will be identical to the normal PCGS holder except that the insert will read "GENUINE" in place of the usual grade.
The fee for the Genuine service is $100 per coin. >>
I wonder if they are going to only offer this to dealers or too!
<< <i>I usually agree with you kranky, but take issue with this:
And net grading is ridiculous, and is not a benefit to anyone. (I thought ALL grades below 70 were "net" grades.) >>
What I mean by "net" grade is saying a particular problem with a coin merits a deduction of X grade points.
Take a coin with XF-45 details. It has a rim bump. Net grading the coin will mean a deduction of some number of grade points for the rim bump. Let's say a service ends up net grading it to VF-30. How does that serve any purpose whatsoever? The coin is an XF-45 with a rim bump, it is not a VF-30. If I showed you the coin, would you say it's VF? No, you'd say it's an XF coin with a rim bump. That's what it is.
<< <i>Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market. (if, of course, I like the coin and the price) >>
I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS. >>
Ditto, seems like this is something the registry owners have asked for for a long time. Many sets are darn near impossible to show 100% unless you can include details coins.
<< <i>I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS. >>
A lot of the members are afraid to express their true feeling for fear of being banned.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
First, I think this is a big step in the right direction, mainly because I think it's important for a collector to be able to display his problem and no-problem coins in uniform holders.
That said, my opinion is that the "genuine" service should have been incorporated into all other grading tiers. In other words, instead of a bodybag, you would get a "genuine" slab at no extra cost. Frankly, I can't imagine why PCGS has taken the approach that it has, and I don't want to guess at their rationale.
CoinKing, how about an explanation?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
Edited to add: Not.
<< <i>"Genuine"is good , No grade means No "CAC" sticker to make it worth more................... >>
Would a gold CAC sticker mean it might be net graded the next time around?
And net grading is ridiculous, and is not a benefit to anyone.
(I thought ALL grades below 70 were "net" grades.)
Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market.
(if, of course, I like the coin and the price)
lots of the stuff on my want list would be acceptible in this Genuine slab; i've already bought NCS details grade, ANACS net grade, and raw damaged scarcities
Liberty: Parent of Science & Industry
<< <i>I usually agree with you kranky, but take issue with this:
And net grading is ridiculous, and is not a benefit to anyone.
(I thought ALL grades below 70 were "net" grades.) >>
What I mean by "net" grade is saying a particular problem with a coin merits a deduction of X grade points.
Take a coin with XF-45 details. It has a rim bump. Net grading the coin will mean a deduction of some number of grade points for the rim bump. Let's say a service ends up net grading it to VF-30. How does that serve any purpose whatsoever? The coin is an XF-45 with a rim bump, it is not a VF-30. If I showed you the coin, would you say it's VF? No, you'd say it's an XF coin with a rim bump. That's what it is.
<< <i>Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market.
(if, of course, I like the coin and the price) >>
I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS.
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.
<< <i>
It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>
PCGS was started BY dealers FOR dealers, to allow more efficent "sight unseen" trading on the teletype network. It was many years before they even allowed
individual collectors to submit coins, and only after paying to join a "club."
<< <i>Looks like PCGS is hurting with $100 to put a coin in a tomb and now you have to be a certified dealer to submit bulk. It's a change but like Ebay it's not for the best as far as I'm concerned. >>
Like eBay, PCGS isn't for evryone.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>
PCGS was started BY dealers FOR dealers, to allow more efficent "sight unseen" trading on the teletype network. It was many years before they even allowed
individual collectors to submit coins, and only after paying to join a "club." >>
......and they are apparantly reverting back to the "dealer only" mentality.
<< <i>Effective immediately, the Professional Coin Grading Service (PCGS) will begin authenticating and encapsulating "problem" coins (i.e. altered surface, cleaned, environmental damage, etc.). Holders and inserts for the Genuine service will be identical to the normal PCGS holder except that the insert will read "GENUINE" in place of the usual grade.
The fee for the Genuine service is $100 per coin. >>
I wonder if they are going to only offer this to dealers or too!
<< <i>
<< <i>I usually agree with you kranky, but take issue with this:
And net grading is ridiculous, and is not a benefit to anyone.
(I thought ALL grades below 70 were "net" grades.) >>
What I mean by "net" grade is saying a particular problem with a coin merits a deduction of X grade points.
Take a coin with XF-45 details. It has a rim bump. Net grading the coin will mean a deduction of some number of grade points for the rim bump. Let's say a service ends up net grading it to VF-30. How does that serve any purpose whatsoever? The coin is an XF-45 with a rim bump, it is not a VF-30. If I showed you the coin, would you say it's VF? No, you'd say it's an XF coin with a rim bump. That's what it is.
<< <i>Very interesting news and dialogue in this thread, I guess I'm one of the few who actually thinks this is good news.
I don't have any coins to submit to this service, but would consider buying one once they appear on the market.
(if, of course, I like the coin and the price) >>
I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS. >>
Ditto, seems like this is something the registry owners have asked for for a long time. Many sets are darn near impossible to show 100% unless you can include details coins.
<< <i>100.00 beans, is this a phuckin joke, or an insult >>
I have found power in the mysteries of thought.
It is always a question of knowing and seeing, and not that of believing.
Our virtues, and our failings are inseparable, like force, and matter. When they separate, man is no more.
.
<< <i>I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS. >>
A lot of the members are afraid to express their true feeling for fear of being banned.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>I'm frankly stunned that this thread isn't much longer than it is. This is a very significant change for PCGS. >>
A lot of the members are afraid to express their true feeling for fear of being banned. >>
Selling out for $100. What else is there to say.
way you say it. Use a little tact and
diplomacy and you would be amazed at
what one can say. Be rude, crude and
insulting and you will be "grime begone".
Camelot
That said, my opinion is that the "genuine" service should have been incorporated into all other grading tiers. In other words, instead of a bodybag, you would get a "genuine" slab at no extra cost. Frankly, I can't imagine why PCGS has taken the approach that it has, and I don't want to guess at their rationale.
CoinKing, how about an explanation?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
BUT
$100 per coin?