Does anyone know what causes this TPG to grade coins "Choice Proof?"

wybrit

I came across this auction on Heritage.

The interesting thing is that all coins in this set are simply graded "Choice Proof." After going through a few pages on NGC's website, I came up empty as to the explanation of such a grade (except for verifying the certification). What causes this to be designated instead of the usual PF6x values?

If this isn't a form of body bagging, why would anyone pay good money for such a service if an Airtite will suffice?

LochNESS

Often times a coin will receive such a grade if it came from a significant disaster area, such as shipwreck salvage, or the World Trade Center coins. Both of those examples can be found in PCGS plastic.

I do not know why these coins got this designation, but they appear to belong together, part of a proof set? Perhaps they were in a hoard?

1960NYGiants

Maybe the submitter wanted a minimum grade. These coins didn't make it and were holdered as shown.

7Jaguars

I believe there is a lower tier submission where there is no number designation (i.e. less expensive).
Why, I guess to get the whole set done cheaply - IMO this does NOT add to value in this case.

PS They were frequently doing this with the 5 oz hockey puck "quarter dollars".

wybrit

I guess to get the whole set done cheaply

But Airtites are cheaper - what's the point of doing this?

MacCrimmon

<< <i>I came across this auction on Heritage.

The interesting thing is that all coins in this set are simply graded "Choice Proof." After going through a few pages on NGC's website, I came up empty as to the explanation of such a grade (except for verifying the certification). What causes this to be designated instead of the usual PF6x values?

If this isn't a form of body bagging, why would anyone pay good money for such a service if an Airtite will suffice?

>>




The only time I've seen this "grading type" it was submitted (requested) by the "Home Shopping Network" types. IMO, nothing but a marketing technique to garner the word "choice" on the insert which is easier to ooh and ahhhh, and froth over when selling these "hotcakes" as the next fortune-maker to a naive crowd. CHOICE is much easier understood than PF62/PF63, and easier to cobble together "matched" sets which are just "choice" vs. true matched set grades.

wybrit

The only time I've seen this "grading type" it was submitted (requested) by the "Home Shopping Network" types. IMO, nothing but a marketing technique to garner the word "choice" on the insert which is easier to ooh and ahhhh, and froth over when selling these "hotcakes" as the next fortune-maker to a naive crowd. CHOICE is much easier understood than PF62/PF63, and easier to cobble together "matched" sets which are just "choice" vs. true matched set grades.

Interesting - I never thought of that possibility.

ormandh

I am surprised that it would benefit the integrity of the brand to generically label slabs.

I can see slabbing an authentic coin with problems, but to not assign a grade to an otherwise grade worthy coin seems foolish to me.

-Dan