You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out.
....slabs will now be made of glass bringing a whole new meaning to 'cracking out' a slab?
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
<< <i>Why not micro-laser the grade right on the coin? You'd need a loop to see it, but in the left field of the obverse.
Or, has someone already thought of that? >>
Which adjective best describes this half baked idea?
Of course, when I accidently drop my PR70DCAM, having the grade etched into the field will guarantee I'll always have my PR70DCAM despite that huge scratch.
Maybe you're on to something here!
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.
<< <i>PS...Guess all you like...you won't get it because a major part of what we'll be doing comes from way out in left field. But I promise you you'll love it! In February, 1986, we flicked a switch and changed the market...we're going to flick another switch on March 26...
HRH >>
OK, it has to be something really 'out there'. How about a 3-d slab where the coin is suspended in some sort of inert clear gel allowing all to see the rims and everything. We all know the competitions prong holders were not well received. What the heck, guessing is always fun! Jim
You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out. >>
Grading accurately on a consistent basis from images is impossible, especially for mint state and Proof coins. if you think otherwise, youy must have missed nuymerous threads in which that has been illustrated.
It would be good if it was a measure to combat counterfeiters.
My idea:
If you were to make the serial code on slabs or ad additional serial codes using invisible ink it would be almost impossible for fake slab makers to guess the numbers. The only way they could put genuine numbers on slabs would be if they where told what the numbers were.
So only the person holding the genuine slab could place it under a UV light and check the number and then verify it on a PCGS registry type site.
You could name this service something like "PCGS secure serial".If such a coin was sold by an auction house like Heritage etc. all they would need to say would be something like "PCGS secure serial checked" without divulging the numbers.
This could lead to other merchandising products ie a genuine PCGS slab checker with the PCGS logo on it. It would in fact be a fancy looking UV light box with which to place slabs under, but which would also look nice on a table near a computer. It could be USB powered for people that travel with a lap top.
If the serial numbers were 12 digits and random it would be almost impossible for a counterfeiters to guess the genuine number for the type of coin and the grade he is faking. If some numbers did get out and in the hands of the fake slabbers, you could further combat this by publishing a list of known copied secure serial numbers if any started appearing with a note saying something like "if you believe the coin you own is genuine please return it to PCGS for re-slabbing with a new secure code". This could also be offered to anyone typing in a number which turned out to be a type known to have been copied.
I believe this system would be very affective as most faked slabs are made by looking at pictures of genuine ones and by copying the numbers on the slabs. If the secure serial number wasn't visible then they can't copy it. It won't stop them trying or making up a number but as soon as the new purchaser typed in the number it would be obvious that the coin and slab in question wasn't genuine, which isn't the case with the current serial numbers on display.
I would like some way , to more accurately account for the multiple resubmissions where the label is not turned in. I bet a large number of coins in high grade are fare more rare then the numbers graded would indicate . Such improved accuracy would certainly impact the value of such over estimated graded coins.
You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out. >>
Grading accurately on a consistent basis from images is impossible, especially for mint state and Proof coins. if you think otherwise, youy must have missed nuymerous threads in which that has been illustrated. >>
Agreed in part, but, consider the following:
In recent years, there has been an explosion in coin photography. Even amateurs like me can take an okay photo.
PCGS has launched their online photo grading guide.
The verbal grading done at some coin shows draws business in.
If the photograph is of poor quality, then no grade. (Heck, there is even a new book on how to grade from pictures).
There is a revenue opportunity for PCGS.
And, what about the PCGS dealer grading idea...no photos needed there?
Did PCGS arrange the Numismatic Event of the Century™ in Baltimore? Only a force as strong as HRH could bring RYK and Longacre together at the same time and place.
Now that they have the markety cornered, a new 100-point grading scale- codename: nosheldon
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
PCGS will announce that they will buy any PCGS graded coin at a published buy price. With all of the time and effort spent on developing the Price Guide, PCGS knows coin values and pricing trends better than anyone. Coins will be sold though a network of dealers, and perhaps directly to Collectors Club members based on Want Lists. PCGS will receive a deluge of coins from other TPGs because collectors will want the instant liquidity.
Submit now or after March 26? It does not matter, PCGS will be as strict as ever, since they will be buying coins in their holders.
Ummm.... a slab with a special chemically treated insert that keeps copper from turning brown and keeps milk spots from forming on modern silver. Or a permanent on-line photograph of each newly slabbed coin that anyone could access by looking up the certificate number so as to deter counterfieting and doctoring. Or a special analytical technique for toned coins to guarantee their relative originality.
Or, maybe, it is the i-Slab™, a slabbed coin that has a built in touch screen on the slab that connects to the internet so we can cruise the PCGS forums and look up stuff on coinfacts anywhere while examining our slabbed coins at the same time. Or maybe a slab with a jetpack.... yeah, that's it!
HRH is talking flipping a switch. As big as grading and slabbing coins was. We're having fun with this but a lot of us are thinking small.
I don't think PCGS will position this as simply something great for their business. Although it might be, the emphasis has to be on improving coin collecting...security, confidence, enjoyment, protecting investment.
What's really eating at us?
1) Counterfeits. Something needs to be done about runaway counterfeiting in China. Clearly the Chinese gov't isn't interested in stopping it. 2) Coin doctors. Screwing with coins and screwing collectors has to stop. 3) Grading standards and objectivity. Can this be improved?
My guess is that it has to do with one of these issues. Lance.
<< <i>Now that they have the markety cornered, a new 100-point grading scale- codename: nosheldon >>
I already guessed the 100 point grading scale earlier in this thread and HRH responded "never" in this same thread so it's a dead issue. >>
Sorry- guess I missed it....
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
Rule 8) This forum is provided for the education and sharing of information. Not as a personal soapbox. If you want to learn and share information about US Coins you are welcome.
<< <i>Whatever it is, you can bet the farm that it will cost you more. >>
Actually, I'm quite confident it won't cost me anything more. (except perhaps to the extent of extending the great slab/numerical grading bubble of the numismatic market.)
Does this mean that I will be receiving my very own official PCGS Coffee Mug?
Oh be still my beating heart ---------------- Rule 8) This forum is provided for the education and sharing of information. Not as a personal soapbox. If you want to learn and share information about US Coins you are welcome.
>>
Back to back those about made me spit my drink all over the computer...
Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!
OK, the i -Slab™ will be a slab with a memory stick in it and a little USB port that when a USB cable is inserted into the slab and into the USB port on your computer it will bring up all the pertinent coinfact information and a population report (that can be updated if the coin is plugged in and you go to the PCGS site), digital photographs of the coin in the slab that can be used for e-bay or just so you can show that the coin has the same undoctored look as it had when it was slabbed, etc...
<< <i>OK, the i -Slab™ will be a slab with a memory stick in it and a little USB port that when a USB cable is inserted into the slab and into the USB port on your computer it will bring up all the pertinent coinfact information and a population report (that can be updated if the coin is plugged in and you go to the PCGS site), digital photographs of the coin in the slab that can be used for e-bay or just so you can show that the coin has the same undoctored look as it had when it was slabbed, etc... >>
This would be almost practical for the 99 percentile of widgets in slabs
The concept of CAC stickering a coin and the owners of CAC come together together with PCGS to offer PCGS customers with greater in-depth grading of coins which is reflected in a new, revolutionary coin holder.
High resolution computerized images of every coin graded, which would make it impossible to crack out and mess with previously graded coins( recolor, artificially frost, laser etc ) and not be exposed by PCGS.
TomT-1794
Check out some of my 1794 Large Cents on www.coingallery.org
other companies take photos of all the coins graded for security and identification purposes.
I say PCGS will go further and take a short 30 second or so high-quality video of each coin they grade, rotated under light to show luster, color, etc., perhaps with commentary by the grader of why the coin is graded as it is. Then, whenever you check a cert number (only for coins in the new slabs which identify them as video coins) you will see a short video of the coin along with the standard info which is currently displayed. Will make viewing registry sets more fun and educational as well when the links to the videos are available along the user submitted photos. please PM me for my address of where to send the $1000
We will have to be members of CU to continue posting on this forum. There will be another series of World Series of Coin Grading PCGS is being sold! PCGS made a deal with the U.S. Mint to encapsulate coins produced for that year directly at the mint PCGS will be the official coin grader of the ANA - a spot held for years by NGC
If it's not any of the above, or close to any of the above, I will have to think a little deeper/bigger/wider!
Comments
keoj
Or, has someone already thought of that?
peacockcoins
I hope thats a hint!!!
You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out.
....slabs will now be made of glass bringing a whole new meaning to 'cracking out' a slab?
<< <i>Why not micro-laser the grade right on the coin? You'd need a loop to see it, but in the left field of the obverse.
Or, has someone already thought of that? >>
Which adjective best describes this half baked idea?
Of course, when I accidently drop my PR70DCAM, having the grade etched into the field will guarantee I'll always have my PR70DCAM despite that huge scratch.
Maybe you're on to something here!
The name is LEE!
<< <i>PS...Guess all you like...you won't get it because a major part of what we'll be doing comes from way out in left field. But I promise you you'll love it! In February, 1986, we flicked a switch and changed the market...we're going to flick another switch on March 26...
HRH >>
OK, it has to be something really 'out there'. How about a 3-d slab where the coin is suspended in some sort of inert clear gel allowing all to see the rims and everything. We all know the competitions prong holders were not well received.
What the heck, guessing is always fun!
Jim
will become the gold standard of coins.
Camelot
information services that are now charged for on a separate basis.
Camelot
<< <i>Online grading...and it's an overdue idea.
You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out. >>
Grading accurately on a consistent basis from images is impossible, especially for mint state and Proof coins. if you think otherwise, youy must have missed nuymerous threads in which that has been illustrated.
My idea:
If you were to make the serial code on slabs or ad additional serial codes using invisible ink it would be almost impossible for fake slab makers to guess the numbers. The only way they could put genuine numbers on slabs would be if they where told what the numbers were.
So only the person holding the genuine slab could place it under a UV light and check the number and then verify it on a PCGS registry type site.
You could name this service something like "PCGS secure serial".If such a coin was sold by an auction
house like Heritage etc. all they would need to say would be something like "PCGS secure serial checked" without divulging the numbers.
This could lead to other merchandising products ie a genuine PCGS slab checker with the PCGS logo on it. It would in fact be a fancy looking UV light box with which to place slabs under, but which would also look nice on a table near a computer. It could be USB powered for people that travel with a lap top.
If the serial numbers were 12 digits and random it would be almost impossible for a counterfeiters to guess the genuine number for the type of coin and the grade he is faking. If some numbers did get out and in the hands of the fake slabbers, you could further combat this by publishing a list of known copied secure serial numbers if any started appearing with a note saying something like "if you believe the coin you own is genuine please return it to PCGS for re-slabbing with a new secure code". This could also be offered to anyone typing in a number which turned out to be a type known to have been copied.
I believe this system would be very affective as most faked slabs are made by looking at pictures of genuine ones and by copying the numbers on the slabs. If the secure serial number wasn't visible then they can't copy it. It won't stop them trying or making up a number but as soon as the new purchaser typed in the number it would be obvious that the coin and slab in question wasn't genuine, which isn't the case with the current serial numbers on display.
Camelot
is not turned in. I bet a large number of coins in high grade are fare more rare then the numbers
graded would indicate . Such improved accuracy would certainly impact the value of such over
estimated graded coins.
Camelot
<< <i>
<< <i>Online grading...and it's an overdue idea.
You send (or upload) a picture of your coin to PCGS online. They give you an "unofficial" grade (unless the photograph is of poor quality) for a low fee (say $1 or so). You would now have the option to send the coin in. If the coin does not make the unofficial grade you were given, you would not have to pay the grading fee, but would still have to cover postage to and from. If it does make the grade, you pay the grade tier fee minus the cost of the unofficial grading fee, your coin gets slabbed and you are satisfied. PCGS will also allow PCGS dealers to offer "verbal" grades for the same deal.
At least this is my guess. As a person who teaches management for a living, I have wondered why PCGS or anyone else has not cashed in on such an opportunity? Imagine the coins that could flow to them. I stopped sending coins in years ago because they kept coming back with unexpected results. No one likes to take unncessary risks, and the uncertainty of submitting coins for the average collector has caused major heartache. David Hall's original idea with PCGS and the slabbing industry was truly a game changer (and a good and needed one). But now, technology has caught up and given the ability for another paradigm shift.
Just in my case, I would have 20-30 coins a year over being slabbed at PCGS if such a program came along.
Who knows...but this is my guess. We shall find out. >>
Grading accurately on a consistent basis from images is impossible, especially for mint state and Proof coins. if you think otherwise, youy must have missed nuymerous threads in which that has been illustrated. >>
Agreed in part, but, consider the following:
In recent years, there has been an explosion in coin photography. Even amateurs like me can take an okay photo.
PCGS has launched their online photo grading guide.
The verbal grading done at some coin shows draws business in.
If the photograph is of poor quality, then no grade. (Heck, there is even a new book on how to grade from pictures).
There is a revenue opportunity for PCGS.
And, what about the PCGS dealer grading idea...no photos needed there?
Maybe I'm wrong. As I said, we shall find out.
Formation of a new company: PCGSNGCANACSICGDGS
Now that they have the markety cornered, a new 100-point grading scale- codename: nosheldon
Submit now or after March 26? It does not matter, PCGS will be as strict as ever, since they will be buying coins in their holders.
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>Now that they have the markety cornered, a new 100-point grading scale- codename: nosheldon >>
I already guessed the 100 point grading scale earlier in this thread and HRH responded "never" in this same thread so it's a dead issue.
Worry is the interest you pay on a debt you may not owe.
So, do we now wait for the news, and not submit anything until then?
1. The change will be something to increase the already high prestige of PCGS
2. The change will increase business , revenue stream and profits of PCGS.
3. The change will, in all probability, meet with great and positive reaction from
collectors and dealers.
4. The change will be unexpected, amazing and remarkable.
Now, with these hints, you should all be able to come up with the right solution.
Camelot
Or, maybe, it is the i-Slab™, a slabbed coin that has a built in touch screen on the slab that connects to the internet so we can cruise the PCGS forums and look up stuff on coinfacts anywhere while examining our slabbed coins at the same time. Or maybe a slab with a jetpack.... yeah, that's it!
<< <i>Whatever it is, you can bet the farm that it will cost you more. >>
x2
I don't think PCGS will position this as simply something great for their business. Although it might be, the emphasis has to be on improving coin collecting...security, confidence, enjoyment, protecting investment.
What's really eating at us?
1) Counterfeits. Something needs to be done about runaway counterfeiting in China. Clearly the Chinese gov't isn't interested in stopping it.
2) Coin doctors. Screwing with coins and screwing collectors has to stop.
3) Grading standards and objectivity. Can this be improved?
My guess is that it has to do with one of these issues.
Lance.
<< <i>
<< <i>Now that they have the markety cornered, a new 100-point grading scale- codename: nosheldon >>
I already guessed the 100 point grading scale earlier in this thread and HRH responded "never" in this same thread so it's a dead issue. >>
Sorry- guess I missed it....
Does this mean that I will be receiving my very own official PCGS Coffee Mug?
Oh be still my beating heart
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
<< <i>PCGS will finally grade all Exonumia... especially Hard Times Tokens
I sure hope not.
Ed. S.
(EJS)
<< <i>Whatever it is, you can bet the farm that it will cost you more. >>
Actually, I'm quite confident it won't cost me anything more. (except perhaps to the extent of extending the great slab/numerical grading bubble of the numismatic market.)
Ed. S.
(EJS)
<< <i>The big one?
Does this mean that I will be receiving my very own official PCGS Coffee Mug?
Oh be still my beating heart
----------------
Rule 8) This forum is provided for the education and sharing of information. Not as a personal soapbox. If you want to learn and share information about US Coins you are welcome.
Back to back those about made me spit my drink all over the computer...
My check for $1,000 to the person who comes the closest...
and nobody is close yet...
HRH
<< <i>My check for $1,000 to the person who comes the closest...
and nobody is close yet...
HRH >>
Just a little bone, HRH!!! Please!!!!!!
It's definitely either multiparameter grading or the return of the open forum.
<< <i>OK, the i -Slab™ will be a slab with a memory stick in it and a little USB port that when a USB cable is inserted into the slab and into the USB port on your computer it will bring up all the pertinent coinfact information and a population report (that can be updated if the coin is plugged in and you go to the PCGS site), digital photographs of the coin in the slab that can be used for e-bay or just so you can show that the coin has the same undoctored look as it had when it was slabbed, etc... >>
This would be almost practical for the 99 percentile of widgets in slabs
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
then it has to be something that is so incredible it's beyond comprehension .
<< <i> The Big One is Coming >>
Check out some of my 1794 Large Cents on www.coingallery.org
I say PCGS will go further and take a short 30 second or so high-quality video of each coin they grade, rotated under light to show luster, color, etc., perhaps with commentary by the grader of why the coin is graded as it is. Then, whenever you check a cert number (only for coins in the new slabs which identify them as video coins) you will see a short video of the coin along with the standard info which is currently displayed. Will make viewing registry sets more fun and educational as well when the links to the videos are available along the user submitted photos. please PM me for my address of where to send the $1000
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
60 years into this hobby and I'm still working on my Lincoln set!
There will be another series of World Series of Coin Grading
PCGS is being sold!
PCGS made a deal with the U.S. Mint to encapsulate coins produced for that year directly at the mint
PCGS will be the official coin grader of the ANA - a spot held for years by NGC
If it's not any of the above, or close to any of the above, I will have to think a little deeper/bigger/wider!
PCGS will be opening up another distribution center either in the United States, Europe, or Asia!
A new grading service will be established, combining PCGS, NGC, and/or ANACS, or other TPG.