PCGS debating to recognize Error Coins on Lincoln Formative Year Cents????

Samzuzo

Today PCGS made an initial decision not to recognize the double thumb double die varieties on the 2009 Lincoln Mint State Formative Years Cents. Does this seem right? I understand not recognizing some of the minor varieties as their differences can be hard to distinguish, but isn't that PCGS's role in the coin world?

I would think that they should at least recognize the 2 major varieties of the double thumb at a minimum. These are easy to recognize and their recognition would assist collectors and make a safer coin collecting/trading environment.

What do you think???

pitboss

I agree and have a batch waiting on their decision.

Bochiman

I don't think they made the initial decision today.....they have made the same decision for the last few weeks if I recall from what some folks have posted.....

19Lyds

<< <i>but isn't that PCGS's role in the coin world? >>



No!

PCGS is a grading service not an attribution service.

If you want them attributed and graded, go to ANACS. If you don;t want to go to ANACS who will do this then I guess there's more to the complaint than meets the eye. (Meaning if PCGS will do it then wowsers, they must be something special and worth a fortune!)

The reality regarding these varieties is that they are readily abundant and lots of "new" folks have gotten really excited about finding some, even new DDR's, but that does not change the fact that there is a ton of them out there and their future in coin collecting is tenuous at best.

The relative few DDO/DDR coins that PCGS does attribute (at no additional charge such as the 55/55 Lincoln) are widely accepted through out the coin collecting community as important varieties whereas these DDR Lincolns currently are not. They are just the next big thing.

Samzuzo

PCGS is a grading service as well as an attribution service.

PCGS recognizes the VAM varieties of Morgans, Overton varieties for Bust Half Dollars, and most recently the major double die varieties on the Minnesota State Quarter (just to mention a couple).

Direct information from PCGS, about an hour old via telephone from PCGS, is the result of committee meetings which discussed the recognition of these varieties or errors within the last 24-30 hours.

blu62vette

They only reconize certain varieties, not all.

Papi

<< <i>Today PCGS made an initial decision not to recognize the double thumb double die varieties on the 2009 Lincoln Mint State Formative Years Cents. Does this seem right? I understand not recognizing some of the minor varieties as their differences can be hard to distinguish, but isn't that PCGS's role in the coin world?

I would think that they should at least recognize the 2 major varieties of the double thumb at a minimum. These are easy to recognize and their recognition would assist collectors and make a safer coin collecting/trading environment.

What do you think??? >>



Where did you read about this decision?

19Lyds

<< <i>PCGS is a grading service as well as an attribution service.

PCGS recognizes the VAM varieties of Morgans, Overton varieties for Bust Half Dollars, and most recently the major double die varieties on the Minnesota State Quarter (just to mention a couple).

Direct information from PCGS, about an hour old via telephone from PCGS, is the result of committee meetings which discussed the recognition of these varieties or errors within the last 24-30 hours. >>



Not quite true friend. Close, but not quite true. Just because they attribute some coins does not mean that they are equipped to attribute ALL coins.

PCGS is a grading service. Attributing DDO/DDR varieties is left to folks that are specialists in attributing DDO/DDR coins. Grading and Attribution are two completely different fields.
PCGS employ's graders that may or may not be familiar with certain VAM attributions. Those that cannot be validated in house are sent out for validation/attribution. This increases turn around time and handling time and also increases the possibility of errors somewhere along the way which I;m sure affects their business insurance.

This is one reason why PCGS will only attribute those obscure varieties that are documented in the CPG because PCGS is not an attribtution house. They are a grading house.

Samzuzo

Papi-

I received a phone call from PCGS directly about this matter.

Thank you!

fcloud

Compare this to the (who know how many) MN state quarters. If they did those, what possible rationale could they come up with that these are somehow different?

direwolf1972

They are slow and cautious when adding any new attribution in my opinion.

The VAM community has been trying to get them to include the Hit List 40 for a while now.

With enough time and enough people asking for it I am sure they will at some point but it wont be soon.

Samzuzo

PCGS is losing a major opportunity for grading fees if nothing else here. They charge $35 for errors as opposed to bulk grading rates...

YaHa

I have a cheeto that resembles a Poodle, do you think I can get that slabbed.

Manorcourtman

<< <i>PCGS is losing a major opportunity for grading fees if nothing else here. They charge $35 for errors as opposed to bulk grading rates... >>



Right on Bro!!