Cracked out labels
Alltheabove76
Posts: 1,520 ✭✭✭✭
What address should I mail in cracked out labels for PCGS slabs so that they can adjust their census numbers? Is there any particular way its supposed to be done?
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Comments
Its a step in the right direction.......but off hand IDK
Steve
<< <i>What address should I mail in cracked out labels for PCGS slabs so that they can adjust their census numbers? Is there any particular way its supposed to be done? >>
Good idea. The pop reports are very accurate and we must keep them that way. Does PCGS still pay a bounty for these? You may want to wait for next large coin show and then turn them in to PCGS there at the show. Just a suggestion.
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 pop report numbers haven't reflected these returned labels, at least on one low pop coin I've been watching.
Either it was the wrong place to send them or PCGS doesn't adjust the pop numbers when they receive the labels.
I won't be sending any more.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
When you combine the top three grading service's pops, you still have to account for coins that have been resubmitted over and over. And those that have never been slabbed.
It's just a tool.
<< <i>I sent in a small bundle of 15-20 labels a couple of months ago along with a submission.
The pop report numbers haven't reflected these returned labels, at least on one low pop coin I've been watching.
Either it was the wrong place to send them or PCGS doesn't adjust the pop numbers when they receive the labels.
I won't be sending any more. >>
I find this disturbing. Maybe they are behind on this duty?
<< <i>I sent in a small bundle of 15-20 labels a couple of months ago along with a submission.
The pop report numbers haven't reflected these returned labels, at least on one low pop coin I've been watching.
Either it was the wrong place to send them or PCGS doesn't adjust the pop numbers when they receive the labels.
I won't be sending any more. >>
I really hate to hear that. Check the individual cert numbers if you can and see if they are still in the system.
My Early Large Cents
Most of the POP Report is useless numbers now. If the rewards had been higher returns would of kept it accurate.
<< <i>Why bother some dealers have thousands of crack outs and just throw the labels away.
Most of the POP Report is useless numbers now. If the rewards had been higher returns would of kept it accurate. >>
Because if a coin I own has a low pop and I crack it out and resubmit, I want to keep the numbers as low as possible which possibly helps the value of my coin.
My Early Large Cents
<< <i>
<< <i>I sent in a small bundle of 15-20 labels a couple of months ago along with a submission.
The pop report numbers haven't reflected these returned labels, at least on one low pop coin I've been watching.
Either it was the wrong place to send them or PCGS doesn't adjust the pop numbers when they receive the labels.
I won't be sending any more. >>
I find this disturbing. Maybe they are behind on this duty? >>
Nailed it. I once sent in a few with a submission and deducted the bounty from my total. 3 months later I got a check for the label bounty. Win win all the way.
label was discarded (how many years ago?), it skewed the numbers. I was a very small-time
collector but garbaged my share. Imagine me times many thousands that have done it also.
Now, no one can say how many have been tossed or returned thus snowballing the accuracy.
To rely on it in any serious manner (especially the lower graded totals) is foolish. MS66 and
above may be reliable to some extent. JMHO
It would be very discouraging to learn that PCGS is no longer trimming the pop reports.
Lance.
As this is a very tedious, labor intensive, and boring job I don't think it is done the day PCGS receives them. But the job does get done.
njcc
Michael
<< <i>I did it last year. PCGS pays 50c per label. I believe they update the pop report and write checks to label providers quarterly.
Michael >>
that's it, at 50c per I'm hammering all my certs out and sending them in
what is it... 1940?
Erik
<< <i>
<< <i>
<< <i>I sent in a small bundle of 15-20 labels a couple of months ago along with a submission.
The pop report numbers haven't reflected these returned labels, at least on one low pop coin I've been watching.
Either it was the wrong place to send them or PCGS doesn't adjust the pop numbers when they receive the labels.
I won't be sending any more. >>
I find this disturbing. Maybe they are behind on this duty? >>
Nailed it. I once sent in a few with a submission and deducted the bounty from my total. 3 months later I got a check for the label bounty. Win win all the way. >>
We shall see. The one coin I was concerned about was a coin I stupidly cracked out and resubmitted. It came back graded one point lower. I resubmitted under the Reconsideration level and the coin was upgraded to the original grade.
I mailed in the original label, along with others, but as yet the pop report.........and cert verification page still shows all three certs active. This includes the cert that was upgraded during Reconsideration.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
RAD#306
<< <i>
This includes the cert that was upgraded during Reconsideration. >>
One things certain, when I submit a rarity or top pop, it surely gets added , ironic
RAD#306
<< <i>PCGS made a bit of noise here, over returned cert labels and correcting the pop reports.
It would be very discouraging to learn that PCGS is no longer trimming the pop reports.
Lance. >>
I like how the one guy encourages turning them in, he just doesn't say when, but apparently the time is after accumulating 19 years worth and thousands of labels...