Will you be submitting your coins for Secure Plus...
RYK
Posts: 35,799 ✭✭✭✭✭
and for the majority that do not get the Plus, will they go back to the CAC?
What about the ones that get the Plus-will they go back to the CAC? What about your CAC golds?
This could be a boon for the CAC as they get to regrade the majority of the Secure Plus coins that do not get the Plus and perhaps some that do.
What about the ones that get the Plus-will they go back to the CAC? What about your CAC golds?
This could be a boon for the CAC as they get to regrade the majority of the Secure Plus coins that do not get the Plus and perhaps some that do.
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...and I have been using + signs on my "raw" coins for years to signify a high-end-for-the-grade coin... perhaps this is where PCGS got the idea
The name is LEE!
The $$$ part of the coin collecting pool that I play in isn't that deep to warrant $65 re-evaluations.
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
IMHO
<< <i> >>
That's a pretty powerful statement there eggbone... and you made it twice... are you sure you mean it?
edited to add... ohhhh...I see now... just upping your post count
Oregon $5 AU58 gold is $155K with no (+) price - would "force" them to come up with one.
Grade edit.
new Plus grading. From what I am seeing, PCGS is extremely selective in
awarding this prestigious grading. Untill we have more experience with this new
standard,I do not recommend you send in more then a selected few.
Camelot
<< <i>I might for fun. Oregon $5 gold is $155K with no (+) price - would "force" them to come up with one.
Yes, I think I have a couple of those...I'll see if I can find them.
I do look forward to buying the new Secure Plus product on the open market.
If I ever go to sell my collection, which is about 95% PCGS slabbed, I will then decide whether it is worth the effort to have the coins re-evaluated.
World Collection
British Collection
German States Collection
<< <i>I would recommend sending in a few of the best of your best coins for the
new Plus grading. From what I am seeing, PCGS is extremely selective in
awarding this prestigious grading. Untill we have more experience with this new
standard,I do not recommend you send in more then a selected few. >>
I plan on sending in a couple of my higher end MPLs for Plus grading just so I can get the lazer treatment as protection against theft. If I should get the "+" along with it, that would be nice too.
<< <i>How many people who would submit a stolen coin that came from a SecurePlus slab would actually ask for the coin to be scanned? >>
What if PCGS maintained a list of stolen coins? Would PCGS scan a coin submitted for grading if that coin is on the list?
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
The short answer is no, at least for now. I would assume that most SecurePlus submissions initially will not come from collectors, except maybe for registry competitors that are hyper about their ranking. I am guessing most SecurePlus submissions at the beginning will be from dealers looking for a new way to market some of their coins. Once the market adapts to the presence of plus-graded coins, that could change.
"Look up, old boy, and see what you get." -William Bonney.
<< <i>
<< <i>How many people who would submit a stolen coin that came from a SecurePlus slab would actually ask for the coin to be scanned? >>
What if PCGS maintained a list of stolen coins? Would PCGS scan a coin submitted for grading if that coin is on the list? >>
If I was to steal a coin in a SecurePlus holder, I'd probably crack it out before resubmitting it. If it was something like an 03-S Morgan in 64 or 65 which is hardly rare, unless there was something about it that caught someone's attention, I doubt that PCGS would autoscan it to see if it was already in the database. Thus any theft recovery benefit would be totally useless to the unfortunate past owner of the coin.
I think I might just wait a little while to see how this whole + stuff plays out and also hopefully, when they include it in the regular service fees.
siliconvalleycoins.com
<< <i>It will be interesting to see when CAC coins don't get Plus'ed and Plus coins do not get CAC'ed. It will make for a lot of annoying threads.
I agree with you RYK, I can't wait to see and hear all the controversy
Just curious, did PCGS create the + to counter the CAC sticker?
After all, they could have just come up with the "PCGS Secure" part, don't you think?
Was PCGS just fed up with CAC not agreeing with all the recently graded PCGS coins, hmmmm?
I think I read that about 75% of the coins CAC evaluates get stickers. Okay, folks aren't sending in dreck so you can't read too much into that. But JA has said "A" and "B" coins get stickered, not "C". So it seems to me that more coins qualify for stickers than pluses.
For some collectors paying $10 for a CAC evaluation might be a better first step than going for SecurePlus. CAC members (not dealers) get their $10 back if the coin doesn't make the cut along with some education. Not a bad deal for sorting out SecurePlus candidates.
Lance.
It will be interesting to see that someone with a formerly higher graded REG set could now take a back seat to someone with a number of lower graded coins.
A theoretical set of:
65, 65, 64, 66, 63, 64 in earlier holders now gets beat by
64+, 65, 63+, 66, 64, 64+.
roadrunner
<< <i>I too will sit on the sidelines a while and see how this plays out.
I think I read that about 75% of the coins CAC evaluates get stickers. Okay, folks aren't sending in dreck so you can't read too much into that. But JA has said "A" and "B" coins get stickered, not "C". So it seems to me that more coins qualify for stickers than pluses.
For some collectors paying $10 for a CAC evaluation might be a better first step than going for SecurePlus. CAC members (not dealers) get their $10 back if the coin doesn't make the cut along with some education. Not a bad deal for sorting out SecurePlus candidates.
Lance. >>
That's incorrect. About 30% of the coins submitted to the CAC get a sticker, definitely less than half.
People are focused a lot on the Plus, but not so much on the Secure. The latter, however, is probably more of a seling point for dealers, less so for collectors with established collections.
I can't say NOOOOOOOOOOOOOOOOOOOOOOOOO loud enough!!!!!!
I only have one coin with a CAC bean on it......and it just happened to be on it and I wanted "THE COIN"!!!
It's a nice 1869 dime VF30.....short flag on 1 in date.....that's why I bought it.......might take the bean off....do they come off easy?
When I became an adult I stopped seeking the approval of my parents; when I retired I stopped seeking the approval of my boss; I'm not going to let myself start seek the approval of TPGs and CAC and whoever else comes along.
I get the feeling that coin holders will eventually look like the steamer trunks of old.
That said I only have 2 or 3 coins I would deem worthy of a bean or a +. Thats life when collecting tough varieties.
Not out of any reflexive opposition to the whole idea or anything- it's just that most of my sort of coins aren't worthy in the first place. I'll stick to the bread-and-butter, average Joe, workaday collector stuff, I think. I'm more comfortable with it. If others want green bean stickers or pluses or stars or shields or magic rainbows or lucky clovers on their slabs, more power to 'em. To each his own.
That's spoken as a potential submitter (and I am only a very sporadic submitter at best, anyway). Should I ever be shopping for already-slabbed coins, I certainly wouldn't object to having CAC stickers or PCGS shields and pluses or NGC stars on any of 'em, if the price was right. I'm capable of choosing for myself what I consider to be PQ, but if a coin has evidence of third-party agreement on its being PQ, then so much the better.
By the way, CAC stats are 68,000 stickered out of 144,000 submitted.
"Look up, old boy, and see what you get." -William Bonney.
I was thinking on the same lines.
Can someone tell me more about this CAC Gold sticker. The CAC website doesn't seem to mention anything about it. Does the online population report include the Gold stickers aswell? What percentage of coins submitted are Gold stickered?
My 12-pc. gold type set is very common, but it's growing to 13 and 14 fairly soon. Once again, it's not in the same pool as you long-timers. Sure do like seein' your stuff though.
<< <i>Hi!
Can someone tell me more about this CAC Gold sticker. The CAC website doesn't seem to mention anything about it. Does the online population report include the Gold stickers aswell? What percentage of coins submitted are Gold stickered? >>
Based on the CAC Submission Statistics posted to Stella News on February 19, 2010:
Of the 144,137 coins submitted to CAC, 68,034 received a green sticker (47.2%) and 296 received a gold sticker (0.2%). Clearly gold stickers are quite uncommon.
Some types appear to receive to receive fewer stickers, eg, Saints. From my limited experience they can be tough on this type.