Would you like PCGS details grading of Genuine coins?

Zoins

Problem coins can be encapsulated two ways:

(1) Net grading of market acceptable (MA) problem coins. In these cases, a problem-free certification is provided with a grade adjusted for MA problems.

(2) Genuine certification of non-MA coins. In these cases, the problems are not market acceptable and a Genuine (GN-XX) classification is provided. Genuine coins are currently provided with a problem code but not a numerical grade.

Now that Genuine slabs have been in the marketplace for a while, we can see the effect they have and it's easy to note that these coins can sell for substantial sums. It seems that even when a coin has problems that are not market acceptable, the value of the PCGS slab and authentication can be substantial. Given that this is the case, does it make sense for PCGS to consider adding numerical grades to Genuine coins using a details grading standard?

Do you think this is a good idea? Would you welcome this change like this?

Rampage

PCGS already does details grading. They designate whether it is VF details, Unc details, etc.

Zoins

That's a good point. I have noticed that so there's been some activity.

I was more thinking of numerical grading.

Perhaps we'll see numerical grading after the descriptive details grading has been around for a while.

BillJones

<< <i>That's a good point. I have noticed that so there's been some activity.

I was more thinking of numerical grading.

Perhaps we'll see numerical grading after the descriptive details grading has been around for a while. >>



I can't see giving numerical net grades to problem coins because it's just too controversial. I think that descriptive grades like "Net VF" or "Net Fine" would be great, but numbers imply more precision than what is reality. I have never cared for the code numbers that PCGS has used because I need a score card to interpret them.

IrishMikey

I would favor an EAC style net grading system, where the coin's details grade is listed, along
with the coin's problems, and a net grade reflecting value is given.

mrpotatoheadd

<< <i>I would favor an EAC style net grading system, where the coin's details grade is listed, along
with the coin's problems, and a net grade reflecting value is given. >>

In order to give a net grade, there would need to be agreement as to how different flaws affected the final grade. How do you account for different preferences, though? Some people would prefer a coin with a rim dim over one that's hairlined, while others would discount the rim ding coin in favor of the hairlined one.

IMO, better to just list the grade of the coin and the defect, and let buyers decide for themselves how to value it.

HoledandCreative

I agree with MrPH. NO net grade is most fair. I have a slabbed, cleanly holed seated dime with a details grade of Extra Fine, how would you net grade it?

PerryHall

The problem with a details grade is that some sellers will price their coin based on that grade.

stealer

PCGS already does #1. They very often net grade older material for cleanings or scrubbings that have somewhat toned over. They sometimes even grade straight cleaned coins just because they are tough dates and just choose to net grade them.

LindeDad

I think we were better off with the body bags and the high value true rarity Genuine use only.
This slabbing of most common problem coins with any type of grade is making people think those coin have more value than they deserve IMO.

TwoSides2aCoin

The genuine w/ details is fine. At least there is "authenticity" with the brand. Other than this issue, I agree with lindedad. I've sent plenty of gold or things like Lafayette dollars , Isabella quarter, and coins like those in for encapsulation. Knowing it would have bodybagged in the old days, it's still a better choice than a cleaned piece in a 2x2 that gets walked past every time. The market is more tolerant and accepting of "coins", with the brand than without it. That's good for all of us coin people.

mrpotatoheadd

<< <i>The problem with a details grade is that some sellers will price their coin based on that grade. >>

People can price their coins (in a slab or not) however they want. Why is that a problem?