What would it take for you to stop buying PCGS graded coins?
RYK
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Several times each year, PCGS makes a new announcement which invariably causes forum members to openly decry PCGS for its foolishness and claim that they are through with PCGS. Despite this, PCGS remains the market leader for coin authentication and grading. The latest example is the red copper policy. My guess is that most of the critics who were previously supportive of PCGS will remain so.
That said, everyone has their breaking point, and there are some things that certainly would cause me to reconsider buying PCGS coins (or using PCGS for grading) in the future. Perhaps we should list them for the benefit of our host.
That said, everyone has their breaking point, and there are some things that certainly would cause me to reconsider buying PCGS coins (or using PCGS for grading) in the future. Perhaps we should list them for the benefit of our host.
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Seriously, it would need to be some sort of "insider" lapse on the business side, such as an agreement to give out certain grades to certain people. I doubt that would ever happen.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>If one of the leaders of PCGS made a public disclosure of indiscretions with eleven ladies, ala Tiger Woods.
Seriously, it would need to be some sort of "insider" lapse on the business side, such as an agreement to give out certain grades to certain people. I doubt that would ever happen. >>
That kind of deal would certainly kill confidence in a grading company. As for the former, I wouldn't hold personal indescressions against the business. --Jerry
My #1 Low Ball Peace Dollar Set
<< <i>Would that be with David Hall as the primary "player"?
At least we know Santa Claus is done after three HO's...
"CLEVELAND -- So which is the largest number, as of this morning: The number of alleged Tiger Woods mistresses, the number of Pitt fans who really want to go to the Fender Bender Bowl, or the number of people on the bitter shores of Lake Erie last night who can claim they sacked Ben Roethlisberger?
Read more: http://www.post-gazette.com/pg/09345/1020233-66.stm#ixzz0Zg7Ix6Il"
Back to the issue at hand...
If I were banned from the forum, unjustifiably, I would be through with PCGS as I would take it very personally. This has not, apparently, been a sticking point for others.
If PCGS' authenticity guarantee were voided, I would see no reason to buy PCGS graded coins.
More later
<< <i>Back to the issue at hand...
If I were banned from the forum, unjustifiably, I would be through with PCGS as I would take it very personally. This has not, apparently, been a sticking point for others.
If PCGS' authenticity guarantee were voided, I would see no reason to buy PCGS graded coins.
>>
The first would not be a cause to shun PCGS graded coins for me. The latter would be, and if that happened I suspect it would be the end of PCGS as a TPG.
john
I understand and accept their new policy with Copper coins.
I however, have always been very hesitant to purchase PCGS graded Canadian coins. Their standards and grading philosophy is quite different from Canada's best TPG (ICCS). I would never purchase one sight unseen and only consider purchasing one under close visual 'in-hand' inspection.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>If PCGS' authenticity guarantee were voided, I would see no reason to buy PCGS graded coins. >>
Experience the World through Numismatics...it's more than you can imagine.
<< <i>..If PCGS' authenticity guarantee were voided, I would see no reason to buy PCGS graded coins.
>>
What if you had no question or concern about the coin's authenticity or quality and wanted it for your collection? In other words, pretend that the coin was uncertified. And wouldn't an honorable and ethical seller guarantee authenticity?
Hence, this has already happened on a piecemeal basis.
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
<< <i>Several times each year, PCGS makes a new announcement which invariably causes forum members to openly decry PCGS for its foolishness and claim that they are through with PCGS. Despite this, PCGS remains the market leader for coin authentication and grading. The latest example is the red copper policy. My guess is that most of the critics who were previously supportive of PCGS will remain so.
That said, everyone has their breaking point, and there are some things that certainly would cause me to reconsider buying PCGS coins (or using PCGS for grading) in the future. Perhaps we should list them for the benefit of our host. >>
As a collector of RB copper, my breaking point has already been reached. I am in the process of unloading a significant portion of my RB copper because of their decision.
As a type collector, my breaking point is approaching, because of the confidence lost in the RB/RD copper discussion. Not to rehash the entire argument, but if a TPGs value is its word, and the RD/RB experience has shown that PCGS will go against its word, what's left?
<< <i>And wouldn't an honorable and ethical seller guarantee authenticity? >>
I know what your saying Mark but that can be a very icy road to travel in this hobby. All one has to do is turn on a TV or go to one of the largest internet sites in the world to be at peril.
<< <i>Several times each year, PCGS makes a new announcement which invariably causes forum members to openly decry PCGS for its foolishness and claim that they are through with PCGS. Despite this, PCGS remains the market leader for coin authentication and grading. The latest example is the red copper policy. My guess is that most of the critics who were previously supportive of PCGS will remain so.
That said, everyone has their breaking point, and there are some things that certainly would cause me to reconsider buying PCGS coins (or using PCGS for grading) in the future. Perhaps we should list them for the benefit of our host. >>
What are they??
<< <i>What would it take for you to stop buying PCGS graded coins? >>
The end of the world as we know it,,,,,,,,,,
Which given the current state of affairs may not be that far off
GrandAm
<< <i>
<< <i>..If PCGS' authenticity guarantee were voided, I would see no reason to buy PCGS graded coins.
>>
What if you had no question or concern about the coin's authenticity or quality and wanted it for your collection? In other words, pretend that the coin was uncertified. And wouldn't an honorable and ethical seller guarantee authenticity? >>
Exactly what we had prior to TPG's.
And I had no problem at that time buying coins in flips from reputable sellers. Most all the dealers I dealt with at that time guaranteed authenticity on any of the coins that they sold. There were even a few who guaranteed a buyback at the same grade ( keep in mind I said grade not price). Grading was much more subjective back then, ushering in the TPG's to standardize grading with a guarantee of grade. As Mike says regarding his copper, if the same or something similar happens to silver, what would be my reason to buy coins in PCGS holders? I just can't picture them going down this road, it would be the death knell for PCGS, the guarantee of the grade is the raison d'etre for the TPG's. Can sympathize with the copper guys and see how they think PCGS has started down that slippery slope however.
john
If PCGS were to announce they were no longer grade-guaranteeing toned silver that would do it too.
I've already decided not to retire to climates PCGS will likely ban.
Lance.
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
Ray
<< <i>Well, this question seems strange to me. I will buy a coin no matter what holder it is in if it is a coin that I want or need for my collection. Right now it's just a bonus if the coin happens to already be in a PCGS holder. If I decide I don't like PCGS I will still buy the coin buy maybe disregard the bonus part. >>
Empty Nest Collection
<< <i>The label saying Ohama Bank Hoard will keep me from buying that coin. Very unhappy with the few that I have.
You misspelled Obama.
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
For me to not submit coins all which would be required would be a company using slabs or numerical grading.
Ed. S.
(EJS)
<< <i>
<< <i>Several times each year, PCGS makes a new announcement which invariably causes forum members to openly decry PCGS for its foolishness and claim that they are through with PCGS. Despite this, PCGS remains the market leader for coin authentication and grading. The latest example is the red copper policy. My guess is that most of the critics who were previously supportive of PCGS will remain so.
That said, everyone has their breaking point, and there are some things that certainly would cause me to reconsider buying PCGS coins (or using PCGS for grading) in the future. Perhaps we should list them for the benefit of our host. >>
As a collector of RB copper, my breaking point has already been reached. I am in the process of unloading a significant portion of my RB copper because of their decision.
As a type collector, my breaking point is approaching, because of the confidence lost in the RB/RD copper discussion. Not to rehash the entire argument, but if a TPGs value is its word, and the RD/RB experience has shown that PCGS will go against its word, what's left? >>
What he said
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I immensely prefer NGC in nearly all aspects, but the PCGS holder is a supermodel compared to NGC's double-amputee homeless man with leprosy.
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<< <i>Holders have and always will be irrelevant. Same with stickers. If the coin is what I seek, I buy the coin. >>
the magnetic poles of the earth
to get me to change. However,
I do have my SCDs graded by NGC
cause PCGS does not grade them...YET!
Camelot
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Camelot
<< <i>
<< <i>The label saying Ohama Bank Hoard will keep me from buying that coin. Very unhappy with the few that I have.
You misspelled Obama.
Ohama, Obama, Omaha, Oh my
Ohama, Obama, Omaha, Oh my
Ohama, Obama, Omaha, Oh my
``https://ebay.us/m/KxolR5
<< <i>CAC stickers inside the plastic. >>
I said "stop" buying them.
Ron
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
<< <i>
<< <i>CAC stickers inside the plastic. >>
I said "stop" buying them.
You're a wise diplomat.
``https://ebay.us/m/KxolR5
<< <i>I consider grading fees to be exorbitant. That is not to say it is without justification on the part of the TPG, merely an expense I am not willing to pay. IF (a large IF) I purchase a slabbed coin, I shop for a price that either does not include the grading fee or is seriously discounted. Plastic is NOT a requirement for me, since I am a collector, not a flipper, dealer or speculator. Cheers, RickO >>
Besides, they are easier to dip without having to bother with all that messy plastic to deal to remove. Those slabs can cut you bad if you don't respect them.
<< <i>
<< <i>Well, this question seems strange to me. I will buy a coin no matter what holder it is in if it is a coin that I want or need for my collection. Right now it's just a bonus if the coin happens to already be in a PCGS holder. If I decide I don't like PCGS I will still buy the coin buy maybe disregard the bonus part. >>
+1
<< <i>Holders have and always will be irrelevant. >>
Are you an expert, world class grading and authentication expert? If your answer is no, you then need them. You just may not realize it.
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