PCGS Defines Eye Appeal, Adds prices for PQ+ coins and offers "incentive" to Registry owne
drddm
Posts: 5,402 ✭✭✭✭✭
Very interesting...............what say you to these new changes?
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Grading is already detailed enough.
We don't need to 'expand' the grading system.
Increasing the range of grades leans towards making grading more 'scientific' when in reality, grading a coin is very 'unscientific'.
Proof of this fact is that graders cannot agree on one grade for a coin.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
But I'm also negative on the '+' grade. It's getting to where being knowledgeable and educated about coins, about identifying problem coins and being able to grade coins are no longer even necessary traits to prosper in the hobby. So sight-unseen coin investors who know nothing about evaluating a coin's quality may like it, but collectors of modest means who have spent a lifetime developing an eye aren't well-served by it, IMO.
Not crazy about the price changes either....can only lead to more argument over the value, especially since the eye appeal is so subjective.
Finally, does PCGS really think that many Registry owners will be resubmitting their coins for the + designation in order to climb up the charts?
Not too thrilled about the BIG ONE as far as the above changes go
Most of us do not collect rarities or ultra rarities. It does nothing for me.
An added cost, I'm willing to bet, to get the new holder with the +
Can I search a data base for the lased pic?
That part I didn't quite get.
Oh, well. ho hum
bob
<< <i>Can a 70 have a +? I don't think it should but who am I? >>
No, MS or PR 68 is the highest grade that can have a +
We'll use our hands and hearts and if we must we'll use our heads.
<< <i>Can a 70 have a +? I don't think it should but who am I? >>
"Better than perfect"?
It addresses issues some folks have wanted for years and provides a starting point for computerized grading.
So often, thread are opened regarding a coins grade and folks will post that its either solid for the grade, better than average for the grade or why'd it get that grade?
The Plus Grading addresses those issues.
The digital scanning is something folks have wanted for years. Absolute databases to prevent constant resubmission, looking for that "perfect" grader to give the coin a 1 or 2 point bump!
I like it and it one ups the competition. Yes they have photography for al the submissions but not comparison photography.
This is, IMO, revolutionary for coin grading. The only thing left, is to see how it's accepted in the market place.
Two coins of equal grade should get two different prices with the higher price being realized on the Secure Plus™ graded coin.
The name is LEE!
It won't have any effect on my current collection because I'm not going to pay to have my coins resubmitted, nor do I collect coins over $5k. I do however, see it negatively impacting what I collect if I will be forced (once a plus is on the holder) to pay way more than 64 money (for example) for a "nice" 64 regardless of how common it might be to find "nice" 64s. (The PCGS website does not indicate what exactly a coin has to "have" as far as eye-appeal, toning etc. to earn a plus designation and I'd like to see that clearly laid out as well). The day will soon come where it will be nearly impossible to cherry a nice coin without paying a premium for it. Grade inflation might end but "eye-appeal inflation" will begin.
JH
Proof Buffalo Registry Set
Capped Bust Quarters Registry Set
Proof Walking Liberty Halves Registry Set