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Should PCGS date the slab?
seemyauction
Posts: 3,655 ✭
seemyauction
Posts: 3,655 ✭
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This is a delicate topic. A lot of people have suggested that more recently graded coins have not stood the test of time, and are therefore uncertain as to their appearance. This stems from concerns about coin doctoring, and the notion that a expertly doctored/dipped coin could potentially fool the TPGs, but eventually retone in a unattractive fashion, therefore devaluing the coin. This is especially true with copper coins, but I can see definite concerns with silver as well.
PCGS as a company, in order to ensure consistent value with regard to equivalently graded coins, should practice due diligence to protect the values of customer assets within their holders. This probably means that dates will never be added.
Empty Nest Collection
<< <i>I've often wondered why they don not include a date when the coin was graded......... >>
Because PCGS doesn't need a date to know when it was slabbed.
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
<< <i>yes >>
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
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<< <i>A resounding YES, and why not, the more info for the colelctor the better! >>
How would you use this information?
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
<< <i>No. It would disrupt the market too much and lead to harm. >>
How would having the date on the label "disrupt the market too much and lead to harm"?
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
<< <i>
<< <i>No. It would disrupt the market too much and lead to harm. >>
How would having the date on the label "disrupt the market too much and lead to harm"? >>
Different standards, different prices. Who needs that?
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<< <i>
<< <i>
<< <i>No. It would disrupt the market too much and lead to harm. >>
How would having the date on the label "disrupt the market too much and lead to harm"? >>
Different standards, different prices. Who needs that? >>
I agree and say NO!
A date on the slab would give dealers another reason to say that a specific coin they are selling is extra special (PCGS was grading tight during the date on their slab) and the coin you are trying to sell to them isn't worth that much (because they weren't quite as tight on the date on your slab)... it's bad enough already with the premiums charged for Rattlers, OGH holders, 7 digit cert number slabs, etc., most of which are unjustified premiums.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
Court the collector? For sure.
<< <i>Date the slab? Maybe.
Court the collector? For sure. >>
You make me laugh , Walmann.
And I'm left with one ponderance :
Where's labrams ?
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
are graded the same and the price of graded slabbed coins remains stable. There is the
opinion of many collectors, that grading standards are periodically tweaked . Thus dating
the slabs, would in effect, cause a multi layered price structure, based upon collector
perceptions. Thus, such a development will not happen in our lifetime.
Camelot
Maybe this is the big deal HRH was talking about!
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
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
Lance.
yes, but i wouldn't expect it.
<< <i>I think PCGS should resume slabbing in rattlers with dot matrix-printed labels. And some OGH's would be a good idea too. Let's really level things out there.
Lance. >>
PCGS got rid of the old rattler holder because someone was caught counterfeiting these slabs.
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
<< <i>
<< <i>No. It would disrupt the market too much and lead to harm. >>
How would having the date on the label "disrupt the market too much and lead to harm"? >>
In the same way as the old saw "Never buy a car built on a monday or a friday". Folks might be leery of buying freshly graded coins unless they had some personal knowledge of the coin/s before submission.
<< <i>Should PCGS date the slab?
yes, but i wouldn't expect it. >>
Well one pretty much knows that anything other than a blue insert couldn't or shouldn't have been slabbed in 2009.
<< <i>I guess PCGS could add a code within the serial number that can be cross referenced to the date of grading similar to what they are doing with problem coins.
Mite as swell add the name of the grader and his karma index for that day too.
100% Positive BST transactions
<< <i>Mite as swell add the name of the grader and his karma index for that day too.
I agree, and if he's got a good looking sister or something.... PM me.
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
In honor of the memory of Cpl. Michael E. Thompson
I know the collectors at home think they know better, but they don't. Maybe all the companies are wrong, but they know more about the business than the average collector. It might be a logistical issue, it might be an after market valuation issue, they may have polled their biggest submitters, or all of the above. Whatever the case, the bottom line is the idea of dates on the slabs has been floated since the grading companies started and has been voted down by the management at every company every time. A rational and objective person might conclude that at least one company would have tried it, during the past couple of decades if it would make their customers happier.
It would be interesting to hear Mr. Willis' perspective on this issue.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>It is not a new idea. I've said it before on these threads, if it were a good business decision, one of the major grading companies would have at least tried it. After looking at all factors, the people that know the most about the business, those running the companies, have ALL decided against.
I know the collectors at home think they know better, but they don't. Maybe all the companies are wrong, but they know more about the business than the average collector. It might be a logistical issue, it might be an after market valuation issue, they may have polled their biggest submitters, or all of the above. Whatever the case, the bottom line is the idea of dates on the slabs has been floated since the grading companies started and has been voted down by the management at every company every time. A rational and objective person might conclude that at least one company would have tried it, during the past couple of decades if it would make their customers happier. >>
They don't necessarily have to put a date on the slab, but simply make available a means to do it, such as a tie-in with the cert number lookup. Personally, I wouldn't do it if twas me.
Hoard the keys.
Why the he** not? Would you not know the name of any other appraiser that looked at your valuables to determine condition or value?
Hoard the keys.