What would you rather have back from a TPGS submission?
Insider2
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This is an anonymous poll so please tell the truth.
What would you rather have back from a TPGS submission?
This is a private poll: no-one will see what you voted for.
1
Comments
A coin that is accurately graded. Why would I want anything else?
Great transactions with oih82w8, JasonGaming, Moose1913.
Ah, greed?
I would want the coin as accurately graded as possible. The reality of it is that this not an end all solution. I’ve disagreed as well as agreed with grades of both raw and slabbed coins, especially ones in which the coin looks lower than it’s true grade due to the way the dies have been prepared or in the way the coin was struck. Many state colonial coppers, Massachusetts silver, as well as early federal US coins are graded all over the place. I have my personal criteria and if the coin is not right for me then I will pass.
The way some drool over "gold bean" coins, you should have had an option for UNDERGRADED!!
Coins don't actually have grades, you know. I guess it's nice when my opinion matches that of the graders, but it doesn't always happen. Everyone likes getting good grades, and I've made some money when I'm lucky enough to get them, but the long-term health of the hobby is only good when most of what is out there is graded consistently.
I voted accurately graded, but I don't mind having a few that are undergraded !!!
I think more folks would buy an under graded coin to get it upgraded.
back at you.
BTW, @BryceM coins do actually have grades, its the humans who can get it wrong on occasion.
@Timbuk3 said: "...but I don't mind having a few that are undergraded!"
Why is that?
Well, if their accurately graded, I can get green beans and if their undergraded, I can get gold beans. JMO !!!
I voted accurately graded. The reason being that one of my coins came back a 66 and later on the guy I sold it to sent it in and received a 66+. That would lead a guy to wonder which grade was accurate. That + made that particular coin worth 20K more. That kinda breaks a tooth off the gears.
I have NEVER understood wanting a gold sticker instead of the correct grade on the coin! NEVER!
Ah, greed?
These people are not true collectors...…...are they.
Grading is evolving, how long between your submission and his. Also, some very experienced numismatists here can do the same thing. They know a + when they see it. Not that you don't.
Accurately graded by whose opinion? The submitter?
Theoretically, the grading opinion on a coin is accurate each time it is submitted. In my experience, submitters seem to complain about coins not being accurately graded because the TPG opinion is not the same as their opinion. And why is it that when a submitter claims the TPG is wrong, the TPG grade always seems to be lower than the grade the submitter knows the coin should grade.
I bet most submitters want a coin that meets their grade expectations and wish for the TPG to validate their grade.
Do PCGS or NGC provide any statistics on reconsiderations as to whether or not a grade is upheld, lowered, or raised? Those would be interesting data to see.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
I admit, I am greedy and recognize that grades are fluid............
Best, SH
never sent a raw coin in
those who are laughed at always have the last laugh
I voted 'Accurately Graded' because then I would have some reassurance of my own grading skills [as limited as they may be]
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
My coin and my grading fee. Not greedy, just cheap.
The grade or label that nets me the most money when it comes time to sell whether that be overgraded just enough to make up for failing CAC, just right CACable, even undergraded if the spread is narrow and I can end up with a gold CAC that could create a bidding war... It all depends...
P.S. My hyperbolic response is no more ridiculous than the limited choices presented in the opening post. But seriously, money matters...
I would want accurately graded within the spread of like coins already in slabs, but if there is a remote possibility the next guy would get an upgrade, I would prefer to go ahead and be that guy myself right now. That is why I would prefer to have the coins I submit maxed out and not really any room left for grade creep. I don’t really want to send it in a bunch of times either. Cost and damage exposure as well as postage drama are to be considered. Hey, I don’t often get maxed out grades first shot, but I then have to decide if the coin deserves further attempts or just accept the grade it was awarded.
I certainly understand that a grading company has a guarantee to stand behind too. They have to scrutinize a coin even harder if the next grade level merits a huge price jump. I would think they would have to look around and see how it fits within the coins already graded at the next level to justify the call, if that’s even possible.
I always think of a coin deal where a buyer and seller are in a standoff within a deal and they can’t get close enough to both feel comfortable because they don’t agree on the grade of the coin. One says, let’s get this expert who has no skin in our deal to settle that issue (enter TPG) and now that the grade is settled by a trusted firm with a great grading reputation, then it’s much easier to go from there and button up a deal.
When the grade is not in question it’s easier to go it alone without a TPG, also, if there are inconsistencies within the TPGs then it defeats their purpose and adds confusion to an already complicated situation. I think this is why there is a migration of coins heading to PCGS because there is an obvious need to have something strong to lean on in this market and they seem to be meeting that demand.
@astrorat asked: "Do PCGS or NGC provide any statistics on reconsiderations as to whether or not a grade is upheld, lowered, or raised? Those would be interesting data to see."
I should think NOT and I'll bet it would show a very, very low percentage of changes.
@spacehayduke said: "I admit, I am greedy and recognize that grades are fluid............
Well said my brother. Being a spoiled rotten only child I'm kinda greedy also. I should probably like a slightly over-graded coin that would evolve into an accurate grade later when I sell it.
@cameonut2011 said: "P.S. My hyperbolic response is no more ridiculous than the limited choices presented in the opening post. But seriously, money matters..."
I'm mostly a BLACK or WHITE kind of person. GRAY is for intellectuals.
I prefer the coins I send in to be accurately graded. On the other hand, I prefer to buy undergraded coins.
I can kind of agree with you there. If it's a newer holder with a gold bean, I'd prefer it in an accurately graded holder. Howerver, if it's in an older "collectable" holder with a gold bean, then I prefer it to stay that way.
Accuracy (according to my opinion).
"A dog breaks your heart only one time and that is when they pass on". Unknown
I think 69% of the respondents are thinking about what we want from the services in general (or kidding themselves about their own submissions). If you had a 92-S Morgan that you were sure was an AU58 (~$12K) but it came back MS63 (~$80K you’d be disappointed? Would you crack it out and send it back? The most rational response would be to think “I guess I was wrong and it really is a 63”. Obviously overgrading is not sustainable long-term but whenever I submit, I’m rooting for high grades (but not mechanical errors). Of course, what I want from the service overall is accuracy and consistency.
You really think so? In all seriousness, I'd love to hear why. I can accept that they have a diameter, a reed count, a mass, or a certain composition. These things are independently measurable and consistent over time. I would also accept that they have a certain degree of strike, quality of luster, and measurable surface damage. I have not seen where any of these last three definable parameters are directly correlated to a grade..... at least not one that has ever been consistently applied (I like clean cheeks, you like clean fields.....) As for eye appeal....... that's 99% subjective..... and like all fashions or trends, is by definition ephemeral.
When buying a slabbed coin, the grade is usually my third or fourth consideration... first is the type of coin (is it what I am looking for), second, is it attractive to me - dings, wear, tarnish. Third could be grade or price.... those two criteria can switch in priority.... If considering grade, I prefer accuracy....There will be enough debate among others who view the coin. The first two are the important points that I consider when buying a coin....slabbed or not. Cheers, RickO
I only ask for CONSISTENCY