Related to Bushmaster's score- grading room procedure question

NHSBaseball

I was reading with interest Bushmaster's post on "making" his MS-67 1962-D quarter, and not being a modern collector was floored by the price guide on that rarity. I understand the demand for top pop coins by Registry collectors and am not debating the value placed on such a conditional rarity at all- I get it.

What did cross my mind is wondering what the procedure is for such a coin when it hits the grading room. Do they grade it like any other coin and all agree- "yep, it's a lock 67, slab it.", or does somebody say "Hey, check the pops on 62-D's in MS-67 and let's make absolutely sure this hits the grade!"

In other words, does such a coin go through a much more rigorous process, or is PCGS so used to slabbing 10k coins that they don't bat an eye when another one walks through the grading room?

pennyannie

IMO i truly believe they double check the coins when the prices skyrocket in the next grade up. 1 point can be worth 1000's of dollars and they all know that.

ModernDollarNut

The primary internal feedback loops at PCGS, I'm told, are re-grades and buy-backs which are tracked back to the original grader.

If I buy an Ike that is obviously over-graded, I'll send it in to PCGS for a re-grade and most times get a buy-back offer, either outrightr purchase for a fair price or I can opt to get the coin back in a holder with a lower grade plus the price differential. Does not happen very often and most such Ikes are three-figure coins, but any buy-back is a hit on the reputation of the grader who graded it and I can only imagine the repurcussion for over-grading a 4 or 5 figure coin.

So, there is no doubt in my mind PCGS graders are more careful and probably takes a little extra time with higher dollar value coins. Wouldn't want to miss subtle hair-lines, a tiny spot of corrosion or evidence of metal re-working or other adulteration.

Rob

Unknown

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Sunshine Rare Coins

i think that graders at pgcs grade with the pop report in hand

Swampboy

Just out of curiosity how many ex-graders are forum members.
I know of one former grader who used to post here and is now missed.

KurtHorn

I did not know about the previous thread and would like to find bushmaster's thread. I did a search and couldn't find it. Is that the real spelling of his user name?

nicetoning42107

Link to Bushmaster's score thread

I always wonder if they grade with the pop reports in hand.

clackamas

When I made my POP 0/1/0 FS 68-D Jeff, I had it on regular and the order got held up for two weeks after. I was told it was in verification that entire time. I have had that happen before with other top tier coins, sometime I got them somethines I did not.

BAJJERFAN

At what point would someone like HRH get involved. If I sent in 3 1893-s Morgans in ms do you think that he would be the finalizer on those?

illini420

From the Q&A Forum Looks like they get "super senior" people involved!! At least that is what they did 3 years ago

Bochiman

<< <i>From the Q&A Forum Looks like they get "super senior" people involved!! At least that is what they did 3 years ago >>



3 years ago? Wasn't that one of the more recent replies in the Q&A forum?

illini420

<< <i>

<< <i>From the Q&A Forum Looks like they get "super senior" people involved!! At least that is what they did 3 years ago >>



3 years ago? Wasn't that one of the more recent replies in the Q&A forum? >>



Pretty much, was probably in the first 10 pages or so, not sure. Finally figured out how to read the threads there. Just have to go to the forum and do a search. Just type a single space in the search window and should get every question w/ a space in the title (should be about all of the I'd bet). Had some fun reading them and learned quite a bit. Just too bad you have to search like that to see them... Not sure why they just don't all show up, lots of good info there!!