what will the bonus for plus indicator for registry sets?

sinin1

Since there are on an estimated 15-20% eligible, they will have a premium


and right now there are bonus points for designations


so what will the 'bonus' be?
and will many of the top sets have to 'resubmit' to retain their lead?

jakeblue

I just got off the phone with BJ. She provided her cell number in the email that all Registry set participants will be receiving.

Yes, the "65.5" example means that if resubmitted, and graded as plus, it will effect the overall score.

So, many top sets may no longer be top sets. Now, whomever has the most top pop plus coins will be a potential top set.

Brilliant, but it will get expensive to try and keep up.

cone10

Here's the email I received:

Dear PCGS Set Registry Member,

As part of the new PCGS Secure Plus service PCGS is now designated plus grades for coins that are in the high end of their grade. Plus grades will be designated for grades EF45 thru MS/PR68, with the exception of MS/PR60 and 61. We estimate that about 15 to 20% of the coins in a particular grade will be plus grade coins.

The new PCGS Secure Plus service also features laser coin identification. Complete details of the PCGS Secure Plus service are now posted on the PCGS home page www.pcgs.com.

The additional plus grade designation will change a lot of things. The PCGS Price Guide is now listing prices for the plus grade coins. The PCGS Population report will report Plus grade populations. As for the PCGS Set Registry, plus grades will now be accepted and recognized as “in-between” grades in terms of weighting. Coins receiving a plus grade will be calculated .5 points higher. In other words, if your coin grades 65+, it will calculate as 65.5 in the Registry.

In the words of PCGS founder David Hall, “It’s a marketplace reality that there are high end examples of various grades. Sophisticated collectors and dealers have recognized this for decades and high end coins have almost always traded at premium prices. Plus grading of high end coins mere formalizes this marketplace reality. For the Set Registry plus grading recognizes and rewards the nicest coins.”

erwindoc

I wouldnt be surprised at all if they modeled it similar to the NGC registy. Star coins there get a small premium, close to 25% over a coin with the same grade.

sinin1

so plus grades equate to 1/2 point?



will be now easier (or harder depending on perspective) to have a top pop all by itself



a MS67 that is now a 5/0 coin


may become a MS67 plus that becomes a 1/0 coin?

Twincam

<< <i>For the Set Registry plus grading recognizes and rewards the nicest coins.” >>



It also recognizes and rewards those willing to dump lots of cash into having their coins regraded in the hopes of adding the extra 1/2 point in their registry sets...

Eagleguy

<< <i>

<< <i>For the Set Registry plus grading recognizes and rewards the nicest coins.” >>



It also recognizes and rewards those willing to dump lots of cash into having their coins regraded in the hopes of adding the extra 1/2 point in their registry sets... >>



For this very reason I believe the 1/2 point system is a much better and fairer alternative than awarding a bonus like the DCAM or RD coins get.

JH

CommemDude

Anyone else feel the way I do, that they will NOT resubmit any of their coins for re-evalation?