PCGS and the new + designation

STEWARTBLAYNUMIS

Will the new + designation increase the price of a coin ?

Which is worth more a CAC bean or a + designation ?
Or will they be worth the same ?

Is this REALLY a BIG ONE ?

Stewart

dbcoin

I thought a CAC bean meant good for the grade. "+" implies really good for the grade, so "+" beats CAC.

Therefore "+" will increase the price of the coin. CAC will adapt but this hurts them

There are 3 big ones. 2 year effort, 6 month effort, and 2 month effort. "+" sounds like a 2-6 month effort. Maybe the extended barcode is the other 2-6 month effort.

coinguy1

<< <i>Will the new + designation increase the price of a coin ?

Which is worth more a CAC bean or a + designation ?
Or will they be worth the same ?

Is this REALLY a BIG ONE ?

Stewart >>

Answer to the first question: Generally speaking, such a designation would tend to increase the price of a not-so-special coin, but do nothing for a great looking one.

Answer to the second question: The coin itself will determine that.

Answer to the third question It might be "A big one", but certainly not "THE big one"

CaptHenway

<< <i>Will the new + designation increase the price of a coin ?

Which is worth more a CAC bean or a + designation ?
Or will they be worth the same ?

Is this REALLY a BIG ONE ?

Stewart >>



The new "PQ" or "+" designation (whichever one they use) will only reflect what people have been doing in the market place for years. When you have something really nice, you charge more for it.

Thirty years ago at ANACS, we got in a collection of proof Seated Liberty silver, all in the original B. Max Mehl envelopes. The prices were written on the enveloped in pencil.

For the run of dimes, all of the envelopes just said "PROOF," but the nice coins were priced at $1.25, the average proofs at $1.00, and the blah ones at 75 or 80 cents. The quarters and halves were accordingly.

TD

relicsncoins

How about a plus designation with a green bean.

renomedphys

Good call, Stew. You pretty much nailed it.

GRANDAM

OK, if "The Big One" is indeed a + sign for the grade will the + sign get more points in the set registry?

If the + sign is added I think it should.

JMHO, GrandAm

nycounsel

If a "+" designation is the real big one, I predict at some point the "+" designation will be amended to create even more fees. Maybe a number-grade for eye appeal, broken down by obverse and reverse.

For instance, if eye appeal were graded on a 5 point scale, we could have PCGS MS69.5.3 with obverse at the high end, reverse being average.

drei3ree

<< <i>OK, if "The Big One" is indeed a + sign for the grade will the + sign get more points in the set registry?

If the + sign is added I think it should.

JMHO, GrandAm >>



I like it!

STEWARTBLAYNUMIS

I FEEL RELUCTANT TO SUBMIT MY COINS. I can pay $10 for a green or a gold bean.Why should I pay $65 or $100 for a plus. I would be willing to say
I can get the bean or the + correct 90% of the time.

I also believe the "Set Registry" has gotten too big. I for one can certainly say I do not care anymore if I am #1 or #2 or #5. If someone want to pay thousands of dollars
to be ahead of me in the "Set Registry" because of + added to coins. I say my coins speak for themselves. If I cannot get upgrades anymore there is not much reason to submit my coins anymore.

Stewart

STONE

<< <i>I FEEL RELUCTANT TO SUBMIT MY COINS. I can pay $10 for a green or a gold bean.Why should I pay $65 or $100 for a plus. I would be willing to say
I can get the bean or the + correct 90% of the time.

I also believe the "Set Registry" has gotten too big. I for one can certainly say I do not care anymore if I am #1 or #2 or #5. If someone want to pay thousands of dollars
to be ahead of me in the "Set Registry" because of + added to coins. I say my coins speak for themselves. If I cannot get upgrades anymore there is not much reason to submit my coins anymore.

Stewart >>




This is precisely how I feel

DennisH

+ grades are/will be worth extra in the Registry Set program.
CAC stickers aren't.

Therefore, I think certain things are inevitable... like fewer PCGS coins going to CAC than would have gone otherwise.

Alltheabove76

I think CAC is still very important because they are an independent body that is concurring with the TPG.

Tiny

Well I guess the drilling into my brain about """"BUY THE COIN NOT THE SLAB""""

goes out the way of Hector"s Pup what with the CAC and now the "BIG ONE'

illini420

<< <i>I FEEL RELUCTANT TO SUBMIT MY COINS. I can pay $10 for a green or a gold bean.Why should I pay $65 or $100 for a plus. I would be willing to say
I can get the bean or the + correct 90% of the time.

I also believe the "Set Registry" has gotten too big. I for one can certainly say I do not care anymore if I am #1 or #2 or #5. If someone want to pay thousands of dollars
to be ahead of me in the "Set Registry" because of + added to coins. I say my coins speak for themselves. If I cannot get upgrades anymore there is not much reason to submit my coins anymore.

Stewart >>




Since you're big into RD copper, probably more important would be that you'd lose all of those old green holders you have if you resubmitted to get the + on them. Since the drop of the guarantee by PCGS, those old green holders likely add more value to serious collectors than a + since they demonstrate long term stability.

If all PCGS was doing was adding a +, couldn't that have been done with a sticker and a revision and a quick change on the cert number in their system to give the bonus point... requiring a reholdering does nothing extra for the collector and seems to only funnel more cash to PCGS.