Home U.S. Coin Forum

I have the next revolutionary idea in PCGS grading...bet on it.

opportunityopportunity Posts: 1,019 ✭✭✭✭
edited December 29, 2017 5:35AM in U.S. Coin Forum

PCGS would let members optionally sign up for a re-grade option before the coins leave the house. You'll get an email when your grades are ready... click "accept" on the ones you want back now, or "regrade" for the ones you don't like the outcome for, they're assigned a new ticket, you're billed for them, and they go back through the mill again without having to be shipped back and forth.

Remember that everything stays anonymous in the grading room, and you don't even get asked if you want a regrade unless you sign up for it (if you don't want to be asked, everything stays status quo)

Early American Copper, Bust and Seated.

I have the next revolutionary idea in PCGS grading...bet on it.

Sign in to vote!
This is a public poll: others will see what you voted for.

Comments

  • CommemDudeCommemDude Posts: 2,249 ✭✭✭✭✭
    HORRIBLE idea

    "Pay twice to make it nice".... that's one of the more blatant conflicts of interest I've seen lately
    We already have "upgrade and pay a commission on the new value of the coin".

    Dr Mikey
    Commems and Early Type
  • opportunityopportunity Posts: 1,019 ✭✭✭✭
    edited December 29, 2017 5:38AM

    @CommemDude said:
    "Pay twice to make it nice".... that's one of the more blatant conflicts of interest I've seen lately
    We already have "upgrade and pay a commission on the new value of the coin".

    So basically you're saying that reputable TPG's would conspire to grade lower because they're saving the customers shipping time and money, and no one ever mails coins back in for another try?

    Early American Copper, Bust and Seated.

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    REALLY good idea

    Well... it would save a lot of disappointments when - and if - the regrade either confirms or changes the initial grade. And it would save postage... Cheers, RickO

  • CommemDudeCommemDude Posts: 2,249 ✭✭✭✭✭
    HORRIBLE idea

    Noooo....I'm say that when you pay for a grade, you should get a grade.
    Why would you walk out of the emergency room after I treated you and come right back immediately to see me a second time to see if I wanted to change my diagnosis and treatment?

    Dr Mikey
    Commems and Early Type
  • spacehaydukespacehayduke Posts: 5,732 ✭✭✭✭✭
    Sort of a good idea

    COI's already noted above, if only there was pure objectivity in this subjective and biased procedure to get a grade and a slab around a coin.........

    Best, SH

    My online coin store - https://www.desertmoonnm.com/
  • CatbertCatbert Posts: 7,132 ✭✭✭✭✭
    Sort of a bad idea

    I think it would undermine the PCGS brand for such a service and I don't see it being offered unless they were desperate.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • REALGATORREALGATOR Posts: 2,622 ✭✭✭✭✭
    Sort of a bad idea

    So you send in a Morgan that you're sure is a 65 but gets a 64+. You ask for the re-grade and you get a 64. Are we having fun yet?

  • BobSavBobSav Posts: 937 ✭✭✭
    HORRIBLE idea

    Thinking like this proves the hobby is going downhill.. An idea like this only promotes the " shell game" where the only objective is to hopefully upgrade the " slab" the heck with the coin as long as the slab fulfills our inflated expectations and net worth.
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • johnny9434johnny9434 Posts: 28,313 ✭✭✭✭✭
    Sort of a bad idea

    no i think its a bad idea. if anything id send it back in for regrading. some might have a coin tied up at the graders for an eternity trying to get the grade they want. jmo

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭
    Sort of a bad idea

    What Catbert said.

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited December 29, 2017 8:03AM
    REALLY good idea

    I kind of like this idea because people are already using the regrade service so this could make it more efficient. All the time spent shipping back and forth isn't fun.

    To address some concerns, they could limit this to 1 time per grading.

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    edited December 29, 2017 7:57AM
    REALLY good idea

    @REALGATOR said:
    So you send in a Morgan that you're sure is a 65 but gets a 64+. You ask for the re-grade and you get a 64. Are we having fun yet?

    This part isn't anything new as PCGS already does this and will lower the grade if applicable:

    https://www.pcgs.com/servicesandfees

    REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded. Minimum grades are not accepted. If the coin grades lower, the terms of the PCGS guarantee will apply. For full discloser of the PCGS guarantee, visit PCGS.com/Guarantee.

    They could also offer reconsideration:

    RECONSIDERATION: Use the Reconsideration service if you would like to have your coin regraded without being removed from its current PCGS holder. Minimum grades are not accepted. There are four Reconsideration options (only one option is allowed per submission form). Learn More.

  • CCGGGCCGGG Posts: 1,267 ✭✭✭✭✭
    edited December 29, 2017 8:02AM
    Sort of a bad idea

    If you want a higher grade just send it to ANACS

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited December 29, 2017 8:28AM
    HORRIBLE idea

    Too much paperwork and tracking to split original orders.

    @CCGGG said: "If you want a higher grade just send it to ANACS ."

    ...and your >:) opinion is based on the hundreds of coins you have sent in this month to both services correct?

  • CCGGGCCGGG Posts: 1,267 ✭✭✭✭✭
    Sort of a bad idea

    @Insider2 said:

    @CCGGG said: "If you want a higher grade just send it to ANACS ."

    ...and your >:) opinion is based on the hundreds of coins you have sent in this month to both services correct?

    No, just the hundreds of ANACS graded coins I've seen at most coin shows.

  • messydeskmessydesk Posts: 19,958 ✭✭✭✭✭

    I suggested something similar on a thread a few weeks ago, but more as a quality control check. Submitter can opt-in for a text message saying the order is ready to ship. Upon receiving this message, they have 24 hours to flag something wrong with the order, so that it can be investigated and corrected immediately and without waiting for shipping and enriching the post office. I was thinking more in terms of preventing misattributions or mechanical errors getting into the wild than unsatisfactory grades, though

  • ms70ms70 Posts: 13,954 ✭✭✭✭✭
    Sort of a good idea

    I'd rather do this than CAC.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    HORRIBLE idea

    @CCGGG said:

    @Insider2 said:

    @CCGGG said: "If you want a higher grade just send it to ANACS ."

    ...and your >:) opinion is based on the hundreds of coins you have sent in this month to both services correct?

    No, just the hundreds of ANACS graded coins I've seen at most coin shows.

    Well, based on your grading skills, I guess that's an irrefutable opinion. :)

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    The only way I could see this being a viable option is if the coin were graded by a different team of graders.

  • ms70ms70 Posts: 13,954 ✭✭✭✭✭
    Sort of a good idea

    @amwldcoin said:
    The only way I could see this being a viable option is if the coin were graded by a different team of graders.

    If I were a person in charge at PCGS I'd randomize grading "teams" every day.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • logger7logger7 Posts: 8,513 ✭✭✭✭✭
    HORRIBLE idea

    The grading services should have no economic incentive to overgrade, ultimately no one gets fooled.

    I would just like to see an economy grading option for all coins where time is irrelevant, so you are willing to wait 3 months and get the coins graded for under $10 or so.

  • REALGATORREALGATOR Posts: 2,622 ✭✭✭✭✭
    edited December 29, 2017 9:16AM
    Sort of a bad idea

    @Zoins said:

    @REALGATOR said:
    So you send in a Morgan that you're sure is a 65 but gets a 64+. You ask for the re-grade and you get a 64. Are we having fun yet?

    This part isn't anything new as PCGS already does this and will lower the grade if applicable:

    https://www.pcgs.com/servicesandfees

    REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded. Minimum grades are not accepted. If the coin grades lower, the terms of the PCGS guarantee will apply. For full discloser of the PCGS guarantee, visit PCGS.com/Guarantee.

    They could also offer reconsideration:

    RECONSIDERATION: Use the Reconsideration service if you would like to have your coin regraded without being removed from its current PCGS holder. Minimum grades are not accepted. There are four Reconsideration options (only one option is allowed per submission form). Learn More.

    Ok, that helps. Just like "real" voting, once its done you can't change it.

  • ElcontadorElcontador Posts: 7,523 ✭✭✭✭✭
    HORRIBLE idea

    There's no point sending a coin to a TPG if you can't rely on the grade on the slab. Gradeflation over the years has done this to some degree, via the backdoor, so to speak.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • jmlanzafjmlanzaf Posts: 34,146 ✭✭✭✭✭
    HORRIBLE idea

    @ms70 said:
    I'd rather do this than CAC.

    This is the opposite of CAC. CAC "confirms" with a 2nd independent opinion the grade. This option allows any moron with enough money to keep resubmitting a coin until someone accidentally and possibly erroneously slides it up a grade.

  • giorgio11giorgio11 Posts: 3,905 ✭✭✭✭✭
    HORRIBLE idea

    HORRIBLE idea

    "This coin made MS66 on the first try at PCGS. I call it 'MS66-1' and there are only four in MS66-1 at PCGS versus 17 in MS66-2. The CAC green bean was also achieved on the first try, reducing the population to two MS66-1 CAC-1."

    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • 1630Boston1630Boston Posts: 13,781 ✭✭✭✭✭

    Interesting idea, but I do not think I like it :smile:
    JMO

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭
    edited December 29, 2017 1:34PM
    Sort of a bad idea

    I think you made your point here. Great Poll

    How about having all the coins true viewed in a snap chat setting and have Forum members GTG Majority wins

    Best place to buy !
    Bronze Associate member

  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭

    Why did I read this?

  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭
    REALLY good idea

    I like the idea because people already are doing it but in a long version. I could see how it would become a major headache for PCGS to hold all the coins in the order to ship them all at once otherwise their costs would rise. AND after all the coins have been satisfactorily graded, you could request that they be sent on to CAC for verification. :D jk on that last part :)

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    HORRIBLE idea

    Is the grafeflation now moving that fast? ;)

  • U1chicagoU1chicago Posts: 6,023 ✭✭✭✭✭

    @messydesk said:
    I suggested something similar on a thread a few weeks ago, but more as a quality control check. Submitter can opt-in for a text message saying the order is ready to ship. Upon receiving this message, they have 24 hours to flag something wrong with the order, so that it can be investigated and corrected immediately and without waiting for shipping and enriching the post office. I was thinking more in terms of preventing misattributions or mechanical errors getting into the wild than unsatisfactory grades, though

    This makes the most sense to me. If PCGS also did at least a scan of the holder, similar to NGC, one can look at the scans to verify that the label is correct (I.e. correct variety, mintmark, date, denomination, etc). Even though the tpgs should already be checking for these types of errors, they are human and it would help to have another set of eyes (your own) verify that all is ok without having to ship back and forth.

  • opportunityopportunity Posts: 1,019 ✭✭✭✭

    @1Mike1 said:
    I like the idea because people already are doing it but in a long version. I could see how it would become a major headache for PCGS to hold all the coins in the order to ship them all at once otherwise their costs would rise. AND after all the coins have been satisfactorily graded, you could request that they be sent on to CAC for verification. :D jk on that last part :)

    You may be joking, but my next suggestion was to setup a CAC outlet next to PCGS and setup a series of pneumatic tubes like the ones at bank drive thru's....you know the rest.

    Early American Copper, Bust and Seated.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @opportunity said:

    @1Mike1 said:
    I like the idea because people already are doing it but in a long version. I could see how it would become a major headache for PCGS to hold all the coins in the order to ship them all at once otherwise their costs would rise. AND after all the coins have been satisfactorily graded, you could request that they be sent on to CAC for verification. :D jk on that last part :)

    You may be joking, but my next suggestion was to setup a CAC outlet next to PCGS and setup a series of pneumatic tubes like the ones at bank drive thru's....you know the rest.

    That will NEVER happen.

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,075 ✭✭✭✭✭

    For myself, I would want the coin returned to me and thereby alleviating a "knee jerk" reaction for an instantaneous resub. Allow time for the dust to settle on the grade assignment. No rush to judgment. Get the coin back in hand and allow time for proper re-evaluation of any future resub. This, despite possibly incurring a future shipping expense.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • StoogeStooge Posts: 4,667 ✭✭✭✭✭
    Sort of a good idea

    @1Mike1 said:
    You may be joking, but my next suggestion was to setup a CAC outlet next to PCGS and setup a series of pneumatic tubes like the ones at bank drive thru's....you know the rest.

    I started a thread on why doesn't PCGS just put CAC stickers on when you send in your coin for a regrade or new slab, and that went over like a lead balloon.
    I don't see anything changing at PCGS.


    Later, Paul.
  • mt_mslamt_msla Posts: 815 ✭✭✭✭
    edited December 29, 2017 11:24PM
    HORRIBLE idea

    When I was a kid, the answer was the answer. Whether I liked it, or NOT.

    It should still be that way now. And I CAN say that... because I've been on both sides of it.

    Insert witicism here. [ xxx ]

  • TheDukeKTheDukeK Posts: 359 ✭✭✭

    If you like Gradeflation then this is an idea for you as all it does is speed that process up.
    If you don't like Graeflation then this idea is a Pass.

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    It might have its positive points, but I dunno !!! ;)

    Timbuk3
  • TennesseeDaveTennesseeDave Posts: 4,780 ✭✭✭✭✭

    I think they should just spend enough time with the coin to get the grade right the first time around.

    Trade $'s
  • DavideoDavideo Posts: 1,361 ✭✭✭✭
    Sort of a good idea

    From PCGS's perspective, it is good in that it would boost revenue's for PCGS. However, it is bad in that it erodes confidence in PCGS' ability to grade consistently. "Don't like the grade? Wait 5 minutes and try again!"

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file