Seriously, I wonder if they've come up with a digitizing process that will quickly and cost-effectively record a digital fingerprint of a coin which can be used to foil counterfeiters. --Jerry
Not sure if it had been mentioned (thread is too long).
Doing away with the Sheldon scale. New scale to be from 0 to 100 like their sister company PSA for baseball cards. Also, individual grades for Luster, Strike, Surface, Ex... By doing this it would probably put CAC out of business. The coin's owner would know if the coin is middle for that grade or closer to the next. It would designate pq coins and allow sellers to reap the benefits. Not to mention the money they would make for all the regrading and reholdering.
How about a video of your coin being graded with comments by the grader about the grading decision? I would shre love to get more feedback on the grading process. It's either that or PCGS is declaring war on China.....fakes that is.
Gold and silver are valuable but wisdom is priceless.
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin?
Gold and silver are valuable but wisdom is priceless.
PCGS merges (absorbs) NGC (and possibly ICG) and becomes a 1600 lb. gorilla. Grading changed to a 100 point scale, and an auction site feature added to compete with Heritage/B&M/Stack's, verticle monopoly style.
"Discipline is never an end in itself, only a means to an end."
OK my last guess at this (I think) on the same lines as my previous but using some new type of millimeter wave scanner technology to grade coins. This is the same technology as the new security scanners at airports. There has to be some way of using the principle of that or lasers to grade coins at a level of accuracy unable to be reached by the human eyes. And like the computers in your car the more it is used the more data will be collected for reference and the process and accuracy will in fact improve as it is used.
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin? >>
A microdot (DataDot) can be applied on the coin's edge without affecting the coin's appearance or metallic composition. It will uniquely identify the coin and would act as the coin's DNA. It would deter coin thieves as ownership of coin can be easily traced by law enforcement groups.
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin? >>
A microdot (DataDot) can be applied on the coin's edge without affecting the coin's appearance or metallic composition. It will uniquely identify the coin and would act as the coin's DNA. It would deter coin thieves as ownership of coin can be easily traced by law enforcement groups.
Cheers! >>
Is that something that could be brushed off or scraped?
Gold and silver are valuable but wisdom is priceless.
Is HRH conspicuous by his absence? Maybe someone has hit on the answer and he can't say that no one is close anymore or that someone got it, it would take away the thunder of the announcement. Just my observation.
<< <i>Is HRH conspicuous by his absence? Maybe someone has hit on the answer and he can't say that no one is close anymore or that someone got it, it would take away the thunder of the announcement. Just my observation. >>
I'd say by now someone must have come close.
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
<< <i>Is that something that could be brushed off or scraped? >>
If the microdot is applied properly, it could not be easily brushed off or scraped as you would cause heavy damage to the coin.
A number of carmakers use this technology when paint is applied to cars virtually coating their cars with thousands of microdots. If you happen to find one on the car's surface and try to rub it off, you will surely damage the car's paintjob.
<< <i>(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate. >>
I think you're on to something here. (Maybe not the dot technology, but the concept.)
If every coin can be "permanently" identified and tracked, that would give us many benefits.
1) A pedigree so future buyers can feel confident the coin is not counterfeit (it has a traceable history). 2) A way of tracking AT (if the historical database has photos). 3) A way of tracking crackouts and resubmissions (or slabbing history). 4) A way of keeping the pop reports accurate. 5) And a way of knowing the number of surviving specimens.
So if PCGS can figure out how to make each coin have a "unique fingerprint", then each can start to be tracked. Over time, the database would grow and the info would be very useful (and dare I say valuable).
Maybe the big one is a whole new forum, where the owners of coins can type in their certification code and an image of the coin is embedded into the post.
I'm not sure what this announcement will be but I'm fully prepared to be let down when it comes. Anyone else feel this way?
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
PCGS will allow bulk submissions of coins. There will be a small fee for a cursory evaluation of all coins submitted. The cursory evaluation will be posted into your account and the coins placed into their respective category, showing the cost for encapsulation. You may then select the coins that you wish to have formally graded and encapsulated. Then you pay, by credit card, the additional fees for encapsulation.
Say you send in 20 coins. You have already paid for postage both ways and a $5-$10 per coin cursory inspection fee. After seeing what the cursory inspection has revealed (will be within 2 grades of final), you decide which coins you want to have formally graded. If you don't wish to have any of the coins formally graded, the coins will be shipped back to you. (This idea is now copyrighted by me).
<< <i>PCGS will allow bulk submissions of coins. There will be a small fee for a cursory evaluation of all coins submitted. The cursory evaluation will be posted into your account and the coins placed into their respective category, showing the cost for encapsulation. You may then select the coins that you wish to have formally graded and encapsulated. Then you pay, by credit card, the additional fees for encapsulation.
Say you send in 20 coins. You have already paid for postage both ways and a $5-$10 per coin cursory inspection fee. After seeing what the cursory inspection has revealed (will be within 2 grades of final), you decide which coins you want to have formally graded. If you don't wish to have any of the coins formally graded, the coins will be shipped back to you. (This idea is now copyrighted by me). >>
<< <i>I'm not sure what this announcement will be but I'm fully prepared to be let down when it comes. Anyone else feel this way? >>
Yes. I am a believer in "under promise and over deliver". When expectations are set very high, there is a great chance for disappointment. I hope to be proven wrong here.
<< <i>I'm not sure what this announcement will be but I'm fully prepared to be let down when it comes. Anyone else feel this way? >>
Yes. I am a believer in "under promise and over deliver". When expectations are set very high, there is a great chance for disappointment. I hope to be proven wrong here. >>
I collect Capped Bust series by variety in PCGS AU/MS grades.
Walker Proof Digital Album 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......
I don't know about the rest of you guys but I've already marked my callendar on 25 March: "THE BIG ONE".
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
Comments
Doing away with the Sheldon scale. New scale to be from 0 to 100 like their sister company PSA for baseball cards. Also, individual grades for Luster, Strike, Surface, Ex... By doing this it would probably put CAC out of business. The coin's owner would know if the coin is middle for that grade or closer to the next. It would designate pq coins and allow sellers to reap the benefits. Not to mention the money they would make for all the regrading and reholdering.
Tom
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin?
PCGS merges (absorbs) NGC (and possibly ICG) and becomes a 1600 lb. gorilla. Grading changed to a 100 point scale, and an auction site feature added to compete with Heritage/B&M/Stack's, verticle monopoly style.
here
RIP Mom- 1932-2012
<< <i>It looks like PCGS let the cat out of the bag early, by mistake
here >>
I think that was for the new shipping fees.
<< <i>
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin? >>
A microdot (DataDot) can be applied on the coin's edge without affecting the coin's appearance or metallic composition. It will uniquely identify the coin and would act as the coin's DNA. It would deter coin thieves as ownership of coin can be easily traced by law enforcement groups.
Cheers!
<< <i>
<< <i>
<< <i>--- Apologies if someone has already emntioned this. I can't remember all that's been posted in the thread. ----
How about ......
(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate.
My question is how do you do the dot without hurting the coin? >>
A microdot (DataDot) can be applied on the coin's edge without affecting the coin's appearance or metallic composition. It will uniquely identify the coin and would act as the coin's DNA. It would deter coin thieves as ownership of coin can be easily traced by law enforcement groups.
Cheers! >>
Is that something that could be brushed off or scraped?
John
<< <i>Is HRH conspicuous by his absence? Maybe someone has hit on the answer and he can't say that no one is close anymore or that someone got it, it would take away the thunder of the announcement. Just my observation. >>
I'd say by now someone must have come close.
60 years into this hobby and I'm still working on my Lincoln set!
1. The grader will personally mark the obverse of all coins with his or her unique thumbprint prior to slabbing, for verification purposes.
2. PCGS will enter the online auction business and save us all from ebay.
edited to note that I just saw others have already posted #2. It's a good idea, right?
Does this come "from way out in left field"? I hope so.
Edited to add:
Nevermind, I see that PSA already does that.
<< <i>Is that something that could be brushed off or scraped? >>
If the microdot is applied properly, it could not be easily brushed off or scraped as you would cause heavy damage to the coin.
A number of carmakers use this technology when paint is applied to cars virtually coating their cars with thousands of microdots. If you happen to find one on the car's surface and try to rub it off, you will surely damage the car's paintjob.
Regards
Strike (1 - 5)
Luster (1 - 5)
Wear/Hits (1 - 70)
Eye Appeal (1 - 5)
The Grade will be scored as Wear/hits + Natural Log of (Strike * Luster * Eye Appeal).
Coins with perfect 5 for strike luster and eye appeal will get a bonus of Ln(125) or 4.82 points.
Grades will be Obv 63+4.5 Rev 64+3.2 Composit 67
Why not run the natural log of 125 all the way out to 4.828313737?
<< <i>Why not run the natural log of 125 all the way out to 4.828313737? >>
Wouldn't fit on the label
Besides, aren't you leaving off a few digits there yourself?
60 years into this hobby and I'm still working on my Lincoln set!
Yes, but if we are going to split hairs the symbol for Natural Logarithm is "ln" not "Ln". lol
We'll use our hands and hearts and if we must we'll use our heads.
Just reverse the order when adjectives describe nouns.
NATO - becomes OTAN
North Atlantic Treaty Organization - becomes Organisation du Traite de l'Atlantique Nord
<< <i>(1) PCGS will use DataDot technology to uniquely identify each and every authentic coin that they would grade. The Datadot will go into the coin itself and not on the slab. This will discourage us from cracking the coin out of the slab and resubmitting the coin because the coin can be identified and all previous grades and cert numbers are recorded. This technology when used with photo archive of the coins can potentially eliminate fake coins and slabs. The same technology is currently used to identify genuine casino chips and to identify all parts of your car. This can also make the pop reports more accurate. >>
I think you're on to something here. (Maybe not the dot technology, but the concept.)
If every coin can be "permanently" identified and tracked, that would give us many benefits.
1) A pedigree so future buyers can feel confident the coin is not counterfeit (it has a traceable history).
2) A way of tracking AT (if the historical database has photos).
3) A way of tracking crackouts and resubmissions (or slabbing history).
4) A way of keeping the pop reports accurate.
5) And a way of knowing the number of surviving specimens.
So if PCGS can figure out how to make each coin have a "unique fingerprint", then each can start to be tracked.
Over time, the database would grow and the info would be very useful (and dare I say valuable).
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
They ae housed in a 3 prong holder with a small hologram over the mark so visible to viewer
Say you send in 20 coins. You have already paid for postage both ways and a $5-$10 per coin cursory inspection fee. After seeing what the cursory inspection has revealed (will be within 2 grades of final), you decide which coins you want to have formally graded. If you don't wish to have any of the coins formally graded, the coins will be shipped back to you. (This idea is now copyrighted by me).
<< <i>PCGS will allow bulk submissions of coins. There will be a small fee for a cursory evaluation of all coins submitted. The cursory evaluation will be posted into your account and the coins placed into their respective category, showing the cost for encapsulation. You may then select the coins that you wish to have formally graded and encapsulated. Then you pay, by credit card, the additional fees for encapsulation.
Say you send in 20 coins. You have already paid for postage both ways and a $5-$10 per coin cursory inspection fee. After seeing what the cursory inspection has revealed (will be within 2 grades of final), you decide which coins you want to have formally graded. If you don't wish to have any of the coins formally graded, the coins will be shipped back to you. (This idea is now copyrighted by me).
I like this idea!
<< <i>I'm not sure what this announcement will be but I'm fully prepared to be let down when it comes. Anyone else feel this way? >>
Yes. I am a believer in "under promise and over deliver". When expectations are set very high, there is a great chance for disappointment. I hope to be proven wrong here.
A pop reset, with unique coin tracking via identification upon resubmission, and new holder with anti-counterfeiting measures, are all great ideas.
Liberty: Parent of Science & Industry
<< <i>
<< <i>I'm not sure what this announcement will be but I'm fully prepared to be let down when it comes. Anyone else feel this way? >>
Yes. I am a believer in "under promise and over deliver". When expectations are set very high, there is a great chance for disappointment. I hope to be proven wrong here. >>
They call me "Pack the Ripper"
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
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......
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