PCGS + Grading for Gap Grades
earlyAurum
Posts: 750 ✭✭✭✭✭
For example, when determining whether an AU55 deserves a +, does PCGS take the say top ten/fifteen percent for the grade as those that grade 558 to 559 given the 700 point system or does it take those that grade 575 to 579? If the latter is the case, then is it safe to say that obtaining a + for those grades with gaps is more difficult that non-gap grades?
Thanks,
earlyAurum
Thanks,
earlyAurum
0
Comments
<< <i>If the graders agree it's a 557, 558, or 559 then it gets a 55+ (just because there are in theory 3 points between a 55 and the next higher grade, I don't believe they're used or considered). >>
No. It would have to be a 57.7 to 57.9 to get the 55+ grade.
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>If the graders agree it's a 557, 558, or 559 then it gets a 55+ (just because there are in theory 3 points between a 55 and the next higher grade, I don't believe they're used or considered). >>
No. It would have to be a 57.7 to 57.9 to get the 55+ grade. >>
Do they even use the "57x" grades when formulating their opinions? Or do they go straight from 559 to 580?
<< <i>
<< <i>
<< <i>If the graders agree it's a 557, 558, or 559 then it gets a 55+ (just because there are in theory 3 points between a 55 and the next higher grade, I don't believe they're used or considered). >>
No. It would have to be a 57.7 to 57.9 to get the 55+ grade. >>
Do they even use the "57x" grades when formulating their opinions? Or do they go straight from 559 to 580? >>
If the "+" means the top 10-15% for the grade, then doesn't that mean the coin (to use the 55 example) would have to be a 55.85 - 55.99. There should be no 55.7 - 55.84s with a plus. Am I missing something?
https://pcgs.com/setregistry/showcase/2819
<< <i>
<< <i>
<< <i>
<< <i>If the graders agree it's a 557, 558, or 559 then it gets a 55+ (just because there are in theory 3 points between a 55 and the next higher grade, I don't believe they're used or considered). >>
No. It would have to be a 57.7 to 57.9 to get the 55+ grade. >>
Do they even use the "57x" grades when formulating their opinions? Or do they go straight from 559 to 580? >>
If the "+" means the top 10-15% for the grade, then doesn't that mean the coin (to use the 55 example) would have to be a 55.85 - 55.99. There should be no 55.7 - 55.84s with a plus. Am I missing something? >>
The 55 grade goes from 55.0 to 57.9 since the next grade above 55 is 58 and not 56 which isn't currently being used.
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
https://pcgs.com/setregistry/showcase/2819
Seems its the top 30% of the grading scale(.7.8.9 for ms) Lusterlover with a estimate of 15-20% of the coins in any grade will get the plus. Confusing.
The estimate probably factors in the eye appeal guidelines (no splotchy toning and/or deeply embedded toning) also required to get a plus.
I still say we already have too many coin grades. My collection's value has already been somewhat decreased, because none of my coins have the Plus, nor will they even be submitted for the Plus. When old-time collections of PCGS coins come to market, I sure don't see the collection being resubmitted for SecurePlus first, before they are auctioned off.
The winner I see in this Plus grading is PCGS, because of all the resubmission fees. PCGS really does have a "Big One" here. Their marketing strategy looks to bring in lots of money for regrades. Someone sure had a great moneymaking idea, especially considering the short supply of raw coins out there worth holdering.
We have not heard exactly how NGC will try to match the PCGS Plus, but I doubt NGC Plus will make much difference in the marketplace.