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Should PCGS Drop the Color Designations for Copper?

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  • cameonut2011cameonut2011 Posts: 10,181 ✭✭✭✭✭
    Yes

    @OldIndianNutKase said:

    @cameonut2011

    So electric blue is okay to you (other threads), but red is suspect?

    Most of my blue IHC's look BN except when angled to the light. This is not in my interpretation of your post as "electric" blue.

    RD IHC's usually sell at significant premium to Blue IHC's. Question is....do you really think that TPG's opinion grading RD vs RB is credible? Thus they grade RAW/RD as Genuine with Questionable Color. Means to me that they do not know the difference between RD and RB. QC is a BS opinion that I should have to pay for????

    But IHC's toned blue are always straight graded as BN. Go figure.

    OINK

    Even if the color designation is removed, the questionable color/AT/altered surfaces issue will live on just as it does for silver, etc. Altered coins are problem coins and shouldn't be straight graded.

  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭

    @cameonut2011 said:

    @MrEureka said:
    PCGS should drop the color designations if they want people to start sending their red copper to NGC.

    If killing off the color guarantee didn't lead to a mass exodus, do you thinking finishing off two letters on a label will change the calculus that much? Registry sets?

    Yes, submitters will go for the designation wherever they can get it. Registry buyers may stay loyal to PCGS, but red coins would no longer be necessary.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BGBG Posts: 1,762 ✭✭✭✭✭
    No

    Should stay as it is.

  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭
    No

    Although the designation doesn't typically describe the coin sight unseen, it essentially helps place the coin on a value spreadsheet of sorts and helps one go from there on a value. One still needs to see the coin and verify the color, grade, check for distractions, spots, scratches, etc.

    I've always searched out gem grade copper in BN. Something with strike detail, mint luster and maybe some red in the protected areas. Maybe there are some spots but somewhat blended in with the brown toning as to be less noticeable. I don't need to push my love of BN copper here, you guys know I dig it, I'm just glad they are discounted enough in the market for me to be able to (practically) afford fully struck coins.

    Collecting copper is complicated, that is an element that makes collecting them interesting. Fair or not, this is the system we have. Learn it and work from there. It's just a sector of the coin hobby the grading system can't pigeon hole and makes you still think for yourself.

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  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭
    Yes

    @Davideo said:
    Trying to look at it objectively, I'm not sure why color would be treated any differently than other characteristics such as luster and strike. But for some reason it is.

    To me the red, red brown , brown is an opinion and i happen to think there's no such thing as an objective opinion. So, shy away from the designations. I should clarify my statement as written above to say i just like a nice even chocolate brown copper coin.

    Those designations mean big money on many coins and if i am not mstaken ngc did not or will not guarantee the designations.

    As time, storage, humidity where you live, can change a coins color.

  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭
    Yes

    @Soldi said:
    Yes, No discernible standard exists and I've seen too many that I disagree with, so much so, I stopped buying RB, Rd, copper

    I own two copper coins both are an even brown I shy away from getting a coin that could change color in a holder,.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    No

    @EagleEye said:
    Why not eliminate grades altogether!

    Lot's of dealers would like that.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    No

    @OldIndianNutKase said: "The grading standard for copper coins over 100 years old should be RB or BN. RD is not an acceptable grade for old copper."

    :( My OLD COPPER collection of 1950's dated cents are NOT RB or BN!

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