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How would you like it if PCGS

TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭
in U.S. Coin Forum
.... just dropped the numeric grade and labeled the coin :

MS
AU
XF
VF
VG
Fine
Good
Fair
Poor

or gave it a "genuine" slab (in the event of cleaning, damage, tooling, artificial color , etc)
image
Friday is for feasting on the weekend.

Comments

  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    I'm not seeing a thumbs down icon.....
    imageQuid pro quo. Yes or no?
  • Kdog08Kdog08 Posts: 771
    I don't think they would be in business for very long!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭


    << <i>I'm not seeing a thumbs down icon..... >>


    Thanks. Just curious if the art of negotiating a price would be more advantageous to the consumer or more advantageous to the dealer under such a system.
  • OKbustchaserOKbustchaser Posts: 5,499 ✭✭✭✭✭
    Suits me...that's how I grade now; it always has been. (with the substitution of Unc for MS)
    Just because I'm old doesn't mean I don't love to look at a pretty bust.
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    hanks. Just curious if the art of negotiating a price would be more advantageous to the consumer or more advantageous to the dealer under such a system.


    I don't think it would be advantageous to either side. The item in question does that. Hi quality? The owner should have the upper hand.

    Dog? The opposite.


    Steve
    Good for you.
  • InternetJunkyInternetJunky Posts: 2,329 ✭
    I think Whitmans and Dansco albums popularity would be at an all time high. This would also make the collector "buy the coin not the slab" like many others always say to do. This would also improve a collectors ability to grade coins. Because if they're going to pay near the same amount for an MS60 coin compared to an MS67 coin (although the 60 and 67 grading scale wouldn't apply anymore since the coin would only grade MS by the TPG - But utimately would be up to the seller to set a price based on their opinion of "MS" quality) your undoubtedly going to shoot for the one that looks better.
  • COINB0YCOINB0Y Posts: 4,505
    How would you like it if PCGS graded Coins for Free?!
  • WalmannWalmann Posts: 2,806 ✭
    Makes a great alaphabet stew for a Friday.

    If PCGS did do this would this:

    Lead to a new round of reholdering?

    Cost the slab counterfeiters more in lost sales than it would PCGS?

    Make the Registry competition more interesting?
  • garsmithgarsmith Posts: 5,894 ✭✭
    Why not just forget about grades and grade them AT, NT, cleaned, uncleaned, real and fake
  • icsoccericsoccer Posts: 1,339 ✭✭✭
    image
    Successful BST transactions to date: Coindeuce, Cohodk, dantheman984, STONE, LeeG, jy8s, jkal, SeaEagleCoins, Hyperion, silverman68,Meltdown,RichieURich,savoyspecial,Barndog
  • BillJonesBillJones Posts: 34,255 ✭✭✭✭✭
    It's too late to go back.

    The current coin market has created a pricing structure where the tiniest difference in preservation, real or imagined, can create huge increases in price. This is not limited to grading numbers like MS or PR-68, 69 and 70.

    At that last EAC convention I showed this 1795 $5 gold piece to a dealer who specializes in early coins. The piece is in a PCGS AU-55 holder. He thought that might be worth my while to re-submit it. “If you get and AU-58, it would be worth another $30,000.” Such is the state of the modern coin market.

    imageimage
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • sanitarium1inmatesanitarium1inmate Posts: 1,078 ✭✭
    I say just get rid of the letters and give them a numerical grade from 1-100, obviously 100 would be the top. Going to 70 is just a weird number to stop at.
    In the time of Chimpanzee's
    I was a Monkey
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>

    << <i>I'm not seeing a thumbs down icon..... >>


    Thanks. Just curious if the art of negotiating a price would be more advantageous to the consumer or more advantageous to the dealer under such a system. >>



    This was one of the primary goals behind the formation of PCGS. So that grades and relative prices could be established without arguing.
    There's a big difference between a non-collectors BU, a dealers BU and PCGS's BU!

    The non-collectors see nothing but gorgeous, brand spanking new coins that are over a hundred years old!
    The dealers see nothing but gorgeous, brand spanking new coins that are over a hundred years old and worth at least a buck a year!
    PCGS sees an MS63.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Or PCGS could go real old school and cut down the grades to two:

    1. Circulated
    2. Uncirculated.

    image
  • zeebobzeebob Posts: 2,825 ✭
    Lee hit the nail on the head.
  • pmacpmac Posts: 3,189 ✭✭✭
    I wouldn't.
    Paul
  • DennisHDennisH Posts: 13,996 ✭✭✭✭✭
    I would not like it at all.
    When in doubt, don't.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    It would have made my grading set a lot easier to finish, that's for sure!!

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • FECFEC Posts: 592
    In all honesty a more detailed grading description would be better such as:

    Wear: XF-45
    Eye Appeal: 3 (one a scale of 1-10)
    Luster: 2
    Toning: Light

    etc.

    Something that answers more questions and defines the coin better.
  • anablepanablep Posts: 5,139 ✭✭✭✭✭


    << <i>.... just dropped the numeric grade and labeled the coin :
    MS
    AU
    XF
    VF
    VG
    Fine
    Good
    Fair
    Poor

    or gave it a "genuine" slab (in the event of cleaning, damage, tooling, artificial color , etc) >>



    image
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • RTSRTS Posts: 1,408 ✭
    I like it.
    image
  • mozinmozin Posts: 8,755 ✭✭✭
    I would not like it at all. I only collect XF and better, and I could do without AU 53. For MS, I could do with only MS 60, MS 63, MS 65.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • PerryHallPerryHall Posts: 46,363 ✭✭✭✭✭


    << <i>I don't think they would be in business for very long! >>



    Agree. Non-specific grades such as MS aren't very helpful in determining the value of a coin. Isn't that what grading is primarily all about?

    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

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>PCGS sees an MS63. >>



    I'll bid $19.33 on eBay then.

    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • TipTip Posts: 26
    I want to see the certifing companies develop a computer program. How easy can it be??? Just enter the data (minimum to maximum marks), placement of the marks, and markdowns for each type of mark, etc. and the outcome will give the accurate grade. Along with this all copper coins can have a percentage of red to brown. This way it is not subjective or personal and stop people from resending in coins to hope to get a higher grade. Also some graders are better grading Morgans than Lincolns and this affects the outcome. Then with a handfull of MS66 Morgans, for instance, the buyer can just decide on which one personally looks the best and not whether the coin is 'really a MS66'
    Tip
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>I would not like it at all. I only collect XF and better, and I could do without AU 53. For MS, I could do with only MS 60, MS 63, MS 65. >>



    I'd like to add a couple of AU51, AU52, AU54, 57, and 59's to some of my collection. 61's I got but those danged AU51's are really tough! image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • lathmachlathmach Posts: 4,720 ✭


    << <i>Going to 70 is just a weird number to stop at............sanitarium1inmate >>




    Tell it to God.
    According to the Bible, the life span of a man is 3 score and 10 years.
    That's 70.

    Ray
  • Aegis3Aegis3 Posts: 2,906 ✭✭✭


    << <i>.... just dropped the numeric grade and labeled the coin :

    MS
    AU
    XF
    VF
    VG
    Fine
    Good
    Fair
    Poor

    or gave it a "genuine" slab (in the event of cleaning, damage, tooling, artificial color , etc)
    image
    Friday is for feasting on the weekend. >>



    I'd like it. I'd also like it if they just got rid of slabs altogether. I may then consider submitting something. But it's not going to happen.
    --

    Ed. S.

    (EJS)
  • leothelyonleothelyon Posts: 8,469 ✭✭✭✭✭
    Recently saw an ebay auction that stated the coin was MS BU. image


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Aegis3Aegis3 Posts: 2,906 ✭✭✭


    << <i>I say just get rid of the letters and give them a numerical grade from 1-100, obviously 100 would be the top. Going to 70 is just a weird number to stop at. >>



    Please remember that the numerals mean absolutely nothing anymore, and all they were to begin with were grade/price multiplication factors. Switching to a "100-point" scale gets rid of none of the problems with numerical grading, and adds another in pretending to be based on some actual scale.
    --

    Ed. S.

    (EJS)
  • Aegis3Aegis3 Posts: 2,906 ✭✭✭


    << <i>This was one of the primary goals behind the formation of PCGS. So that grades and relative prices could be established without arguing. >>



    Without arguing about grades? I'm trying to say something but just cannot reach the level of cynicism and sarcasm needed.
    --

    Ed. S.

    (EJS)

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