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If offered, would you use a new PCGS service??

keetskeets Posts: 25,351 ✭✭✭✭✭

If PCGS offered a new service would you use it?? This service would entail encapsulation only with a TrueView option and no opinion offered aside from perhaps "Genuine" so that fantasy and counterfeit material isn't holdered?? It could follow the same submission guidelines for what is allowable and images or data wouldn't be made public or even saved.

The reason I ask is because there is Exonumia I collect which can be difficult to safely store and the best option is to have it graded if it falls within the PCGS parameters for what they'll grade. Items that aren't on the list are at risk if I can't find good storage medium. As an example, right now I'm looking 3-4" flips that are safe for long term storage and most aren't.

Thanks for your input.

Al H.

Comments

  • AbueloAbuelo Posts: 1,901 ✭✭✭✭✭

    If what you mean is every piece submitted will be encapsulated and a TV obtained, I think that should be standard. I hate when I verify the number and no image is available, basically it is useless. I am not sure how I connect that to the exonumia however...

  • keetskeets Posts: 25,351 ✭✭✭✭✭

    what I mean is a service which would be No Grade, Encapsulate Only. imaging would be another option and fees for both would be nominal.

  • PerryHallPerryHall Posts: 46,898 ✭✭✭✭✭

    @keets said:
    what I mean is a service which would be No Grade, Encapsulate Only. imaging would be another option and fees for both would be nominal.

    Good idea. I could see people wanting to use a "GENUINE" slab without showing any grade especially for a very rare problem coin where the coin is ungradeable because of a serious problem such as corrosion or other serious damage.

    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

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭

    To answer your question, no, I wouldn't use it.

  • sparky64sparky64 Posts: 7,048 ✭✭✭✭✭

    I'm good with slabbing just Genuine if that's all you want.
    But I think if there are issues, they should be stated on the slab as well...tooled, cleaned or any other doctoring.
    It's something I would use although very rarely.

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

  • DCWDCW Posts: 7,639 ✭✭✭✭✭

    I think by making it a "genuine" slab, it would sufficiently confuse people into thinking the coin has problems and is ungradeable. Afterall, that is how coins are presently encapsulated.
    I think a better idea may be to expand the issues that PCGS will grade and encapsulate. I mean, if they are going to slab it, then why not slap a grade on it, too?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭

    Authentic might be a better descriptor. Even so, I wouldn't use it nor would PCGS ever, EVER offer it.

  • CoinscratchCoinscratch Posts: 9,930 ✭✭✭✭✭

    I'm certain there is a market for this kind of stuff. But it would need to include fantasy and counterfeit to be a large enough market to justify. And so you would simply select FANTASY holder any/all etc. And then the label would have a particular mark/logo denoting fantasy edition. No price guides and all that jazz, only what the market would be willing to pay.
    Yes, I would use it. My first order with PCGS included a counterfeit 73 1c that did not holder obviously. I think I still paid for it and now its still sitting in the flip it came back in, and I'm not going to throw it away, so...

  • oldabeintxoldabeintx Posts: 2,484 ✭✭✭✭✭

    There is at least one service that will encapsulate counterfeits, which I have used for contemporary colonial counterfeits that the other services wouldn't touch. (Which I have found frustrating - Machin Mills counterfeits are slabbed and graded.)

  • messydeskmessydesk Posts: 20,340 ✭✭✭✭✭

    Why not encapsulate with TV and no opinion of authenticity? Authenticating exonumia would mean that PCGS would have to have experts in not only attributing what you have, but also telling the real stuff from imitations. That brings rise of the issue of protecting the brand name from people who misunderstand what encapsulation of such a piece means.

    Issues would arise when pieces have moving parts, so not all exonumia could be encapsulated.

    For stuff that is the size of a normal coin (love tokens, hobo nickels, some encasements), there is also the option of putting it in a Coin World holder oneself and having someone else take the photos.

  • coinbufcoinbuf Posts: 11,866 ✭✭✭✭✭

    Would not be of any value to me and I would never use such a service.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • MilkmanDanMilkmanDan Posts: 3,761 ✭✭✭✭✭

    I would use it a lot, assuming it would be cheaper. I put my chopmarked coins in holders, knowing they won’t grade. Mostly interested in the TV photo, the protection of the holder and more liquidity if I sell. I actually suggested this idea to Don Willis a few years ago.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I believe there is room for, and indeed some demand, for such a service. There certainly are parameters and details that would need to be determined, but it would offer protection and authentication to a lot of material not now addressed. It is another step in the collector market that some entrepreneur or major service will likely take in the near future. Cheers, RickO

  • AbueloAbuelo Posts: 1,901 ✭✭✭✭✭

    I see no reason for such a service.

  • Cougar1978Cougar1978 Posts: 8,832 ✭✭✭✭✭
    edited April 12, 2020 8:47AM

    No - Not something interested in.

    Investor
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    What's wrong with Lighthouse slabs? Put whatever you want on them and still protect the coin.
    To me....EITHER... "genuine" or "authentic" makes me feel "iffy" about the coin.

    Not justified but not what I would want.

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited April 12, 2020 9:01AM

    @messydesk said:
    Why not encapsulate with TV and no opinion of authenticity? Authenticating exonumia would mean that PCGS would have to have experts in not only attributing what you have, but also telling the real stuff from imitations. That brings rise of the issue of protecting the brand name from people who misunderstand what encapsulation of such a piece means.

    I agree with this. The difficulty for PCGS isn't necessarily grade but authenticity. Put another way, having authenticity but no grade, doesn't make things much easier for PCGS.

    The early days Genuine grading were actually like this, coins would be graded "Genuine" with no other information on approximate grade or problem like we have today.

    Issues would arise when pieces have moving parts, so not all exonumia could be encapsulated.

    Well, that's an issue with coins too.

    For stuff that is the size of a normal coin (love tokens, hobo nickels, some encasements), there is also the option of putting it in a Coin World holder oneself and having someone else take the photos.

    True and also works for inexpensive coins. If one do like TPGs, there are also some TPGs for these as well. For example, ICG does hobo coins and SEGs does encased stamp tokens.

  • DNADaveDNADave Posts: 7,309 ✭✭✭✭✭

    I feel like for what it costs now (what is it $65 for a token?) that I could buy my own sonic sealer and use something like a Coin World holder.
    FWIW I would love to have all my West Virginia CWTs, good coal scrip and Mel Wacks counterstamps in nice holders, but I'm cheap, so something like that would be good for me.

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    edited April 12, 2020 9:11AM

    @DNADave said:
    I feel like for what it costs now (what is it $65 for a token?) that I could buy my own sonic sealer and use something like a Coin World holder.
    FWIW I would love to have all my West Virginia CWTs, good coal scrip and Mel Wacks counterstamps in nice holders, but I'm cheap, so something like that would be good for me.

    Regular service (including GS/TV) is $65, but economy service is $25. TV is another $5 so you can do economy with TV for $30.

    If you search for "coin slab" on eBay there are a variety of different DIY slabs.

    The following look like ATS slabs and some are posted by members here. The look pretty professional, if you like ATS slabs.

  • GRANDAMGRANDAM Posts: 8,774 ✭✭✭✭✭

    No, I would have no use for that service.

    GrandAm :)
  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    Probably not.

  • goldengolden Posts: 10,004 ✭✭✭✭✭

    No.

  • CatbertCatbert Posts: 7,659 ✭✭✭✭✭

    I think PCGS has to protect the brand and be careful with new revenue streams that might undermine it. If their is a perceived profitable channel opportunity, maybe create a new label and an associated name.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • DNADaveDNADave Posts: 7,309 ✭✭✭✭✭

    @Zoins said:

    @DNADave said:
    I feel like for what it costs now (what is it $65 for a token?) that I could buy my own sonic sealer and use something like a Coin World holder.
    FWIW I would love to have all my West Virginia CWTs, good coal scrip and Mel Wacks counterstamps in nice holders, but I'm cheap, so something like that would be good for me.

    Regular service (including GS/TV) is $65, but economy service is $25. TV is another $5 so you can do economy with TV for $30.

    If you search for "coin slab" on eBay there are a variety of different DIY slabs.

    The following look like ATS slabs and some are posted by members here. The look pretty professional, if you like ATS slabs.

    Those I like better than Coin World's product, thank you,
    Do you know if they give a good tight seal? Would modeling glue work? I've got a lot of free time now it seems. I think I'll give these a try.

  • MedalCollectorMedalCollector Posts: 2,023 ✭✭✭✭✭

    This question is not likely appropriate for collectors of regular coins. They do not face the storage issues that collectors of medium to large-size exonumia face.

    To answer your question: I would. The sole reason I have any exonumia graded by PCGS for my collection, is to get them in a nice, protective holder.

    For 3 inch or 4 inch medals, the PCGS slab is very nice and sturdy. Much better than the large air-tite or other holders for items of this size. Their slab also accommodates medals of various relief, where a capsule would typically not close properly. The only issue is the darn label takes up so much room. Make the holder smaller, don’t have any label whatsoever, besides branding of some sort. That would solve a lot of storage problems for exonumia collectors. I’m envisioning a square shaped PCGS holder, for storage of 3” medals with no label....in my dreams.

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

    @DNADave said:

    @Zoins said:

    @DNADave said:
    I feel like for what it costs now (what is it $65 for a token?) that I could buy my own sonic sealer and use something like a Coin World holder.
    FWIW I would love to have all my West Virginia CWTs, good coal scrip and Mel Wacks counterstamps in nice holders, but I'm cheap, so something like that would be good for me.

    Regular service (including GS/TV) is $65, but economy service is $25. TV is another $5 so you can do economy with TV for $30.

    If you search for "coin slab" on eBay there are a variety of different DIY slabs.

    The following look like ATS slabs and some are posted by members here. The look pretty professional, if you like ATS slabs.

    Those I like better than Coin World's product, thank you,
    Do you know if they give a good tight seal? Would modeling glue work? I've got a lot of free time now it seems. I think I'll give these a try.

    Glue might give off a gas that could cause a reaction to the coin.JMHO.

  • keetskeets Posts: 25,351 ✭✭✭✭✭

    The sole reason I have any exonumia graded by PCGS for my collection, is to get them in a nice, protective holder.

    i thought that would be understood in the OP but I guess not. the problem arises with anything past 38mm and becomes a real problem past 45mm. also, anything with high relief, which is typical for mush large Exonumia, a typical aftermarket holder is useless.

    I could see a capsule with no insert, perhaps the PCGS logo in that space and no data of any kind saved, images sent to the submitter.

  • logger7logger7 Posts: 9,080 ✭✭✭✭✭

    I would like an economical and affordable service that just indicates grade level, not numerical, XF, AU, or Unc. with true view for $12 or so; PCGS would not assign a guarantee associated with value so that would save them money. Their holder is great, as is trueview, but the cost is a major hurdle on many coins.

  • 50cCOMMEMGUY50cCOMMEMGUY Posts: 211 ✭✭✭

    @DCW said:
    I think by making it a "genuine" slab, it would sufficiently confuse people into thinking the coin has problems and is ungradeable. Afterall, that is how coins are presently encapsulated.

    Bingo!! I see “genuine” and I’m running for the hills. ASAP!!

    "Today the crumbs, tomorrow the
    loaf. Perhaps someday the whole damn boulangerie." - fictional Jack Rackham

  • coinkatcoinkat Posts: 23,881 ✭✭✭✭✭

    Jus curious if you have thought about airtites... I use them for most of my GB 1d collection. They seem to work well for storage

    Experience the World through Numismatics...it's more than you can imagine.

  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭

    To answer the OP's question: No.

    When in doubt, don't.
  • CollectorBonEZCollectorBonEZ Posts: 374 ✭✭✭✭

    I would use it for some of my custom bullion, tokens, and casino chips that are not considered gradeable as a coin, but not for legal tender coins.




  • Coin FinderCoin Finder Posts: 7,432 ✭✭✭✭✭

    I like the idea especially with the new security holder. Perhaps the word "geniune" could be tweaked to "Authentic"

  • CollectorBonEZCollectorBonEZ Posts: 374 ✭✭✭✭

    @coinkat said:
    Jus curious if you have thought about airtites... I use them for most of my GB 1d collection. They seem to work well for storage

    I use Air-Tite capsules for almost everything that is not in a graded slab or dansco album, except for mordern circulation coin, and have been doing so for several years now. I have not had any issues with these capsules. They are wonderful and they fit into Caps albums.

  • MedalCollectorMedalCollector Posts: 2,023 ✭✭✭✭✭
    edited April 12, 2020 10:30PM

    On another note @keets, you might as well just try sending in for certification whatever medals you have, even if they don’t expressly list those medals in the authorized references. PCGS already grades and encapsulates hundreds of medals that are not listed in their authorized references.

    For example:

    • First Spouse Medals
    • Congressional gold bronze replica medals
    • National Wildlife Refuge medals
    • Bronze Miniature US Mint medals
    • 3” Bronze Presidential medals post-Faylor/Hayden
    • Silver 1.5” Presidential medals
    • American Liberty high relief medals

    In fact, they even have set registries for some of these series not listed in any of their authorized references!

    It appears to me that they will grade and encapsulate anything that you send them. They have encapsulated all non-listed medals that I have sent them.

    Edit: Actually I am remembering now that they declined to slab 2 medals that I had sent them.

  • Dave99BDave99B Posts: 8,708 ✭✭✭✭✭

    No interest here.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • lkeigwinlkeigwin Posts: 16,894 ✭✭✭✭✭

    I look for reasons to crack out, not entomb unnecessarily.
    Lance.

  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭

    No interest at all.
    But, if they did it, I would hope that they would use some differentiation from "normal" slabs...more than just the fact that they don't have a grade.

    Different color/style of the label
    Different wording than "genuine", which is already used

    At a minimum, I would hope they would do the 2 above...not one or the other, but both....IF they even thought of doing this at all.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • WildIdeaWildIdea Posts: 1,878 ✭✭✭✭✭
    edited April 13, 2020 10:12PM

    I feel that my exo and medals are fine in flips. I hardly ever see them in slabs and they typically arrive in paper envelopes or battered flips which I quickly remove and put in new stiff plastic flips to basically reduce cabinet wear going forward. If the paper flip is historical it goes inside the new

    3 and 4 inch flips were purchased on eBay.

    I then place them onto felt lined trays for storage and it doesn’t take up that much room at all. I love to get out the trays and view from time to time and hold them! This is working until I source the perfect coin cabinet.

    Some of my pieces are pretty large, This one is 135mm and fills up my whole hand. The relief is incredibly high and I had to make my own flip for this one. I don’t think a slab will ever be made for something like this. I cut up a large photograph protector sheet and sealed the edge with a book and lighter.

    I feel that if this small group of medals was entombed it would take up a lot more space and present quite a bit less viewing and enjoyment for me. With that said, I’m sure something could be engendered that’s is neat and would be open to consider options if they arise. Uniformity is nice.

  • messydeskmessydesk Posts: 20,340 ✭✭✭✭✭

    @WildIdea said:

    I feel that if this small group of medals was entombed it would take up a lot more space and present quite a bit less viewing and enjoyment for me. With that said, I’m sure something could be engendered that’s is neat and would be open to consider options if they arise. Uniformity is nice.

    I like uniformity as well, and when you have medals that have huge ranges in diameter, roundness, and thickness, that's a tall order. What I envision working best while being the most economical is a DIY slab like the CW slab in a couple sizes with an additional "universal" gasket that would be like the PCGS prong gasket, except that instead of having prongs with a fixed diameter, it would have something like neoprene "leaf springs" that would be compressed to fit and hold a range of diameters. No need for the manufacturer to tool for hundreds of sizes, and no need for a consumer to buy and try several sizes for a best fit. Of course, this doesn't exist, so don't ask me where to buy it.

  • GluggoGluggo Posts: 3,566 ✭✭✭✭✭

    @WildIdea said:
    I feel that my exo and medals are fine in flips. I hardly ever see them in slabs and they typically arrive in paper envelopes or battered flips which I quickly remove and put in new stiff plastic flips to basically reduce cabinet wear going forward. If the paper flip is historical it goes inside the new flip.

    >

    I am with Wildidea I am using 2 x 2 snaps and storage is made easy.


  • scubafuelscubafuel Posts: 1,946 ✭✭✭✭✭

    John, I like that idea. You could have a lot of fun designing something like that.

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