Considering who it is and what coins they are do you really PCGS did not "help" him out ... If you are one of the big "boys" possession gives you the point or so...
Gradeflation for three but not for me.
@Relaxn said:
Considering who it is and what coins they are do you really PCGS did not "help" him out ... If you are one of the big "boys" possession gives you the point or so...
Gradeflation for three but not for me.
I got a severe smack-down on my last two submissions so I'm going to hide in my safe room for awhile.
@Gazes said:
Did some of the coins get upgraded but lost their CAC sticker at the new grade?
Interesting. I wonder if that will be a winning strategy or a fatal mistake. I guess it depends on the price spread between X grade and X+1.
It appears to have happened on some coins. Arguably maybe they did not have time to resubmit to cac. I know legend wrote articles about it being preferable to leave in the orignal holder with the cac sticker than getting an upgrade without the sticker.
@Gazes said:
Did some of the coins get upgraded but lost their CAC sticker at the new grade?
Interesting. I wonder if that will be a winning strategy or a fatal mistake. I guess it depends on the price spread between X grade and X+1.
It appears to have happened on some coins. Arguably maybe they did not have time to resubmit to cac. I know legend wrote articles about it being preferable to leave in the orignal holder with the cac sticker than getting an upgrade without the sticker.
A lot of X+1s will CAC again at the X+1 level. Sometimes it takes some time for the database to be updated.
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
@BAYOUBENGAL said:
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
I don’t think so. Collectors like Pogue and Simpson, and many others, buy high end coins that “could” be upgrade candidates. Also, they hold them a long time, which translate to a bump grade when sold. A lot has been written about grade inflation, so lets don’t go there. I would expect all of the Simpson upgrades deserve the bump. There are really high end material in that sale.
@BAYOUBENGAL said:
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
I don't believe PCGS would intentionally favor any submitter. However, I have no doubt that there are many ways to game the system, and that the biggest submitters have figured out every angle on how to maximize their grades.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@BAYOUBENGAL said:
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
I don't believe PCGS would intentionally favor any submitter. However, I have no doubt that there are many ways to game the system, and that the biggest submitters have figured out every angle on how to maximize their grades.
+1
On another note, most ultra rarities are graded liberally. Grade is less important than relative position in the condition census on these any way.
@BAYOUBENGAL said:
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
Impossible to prove.... But if I were a betting man...
@MrEureka said:
I'm not suggesting that the opinions are less than honest.
In the marketplace, I agree. In the courts, I don’t agree
The FTC didn't think so in the 1990s when it filed suit against a major coin certification company. There was a consent degree that would be violated if the opinions were not objective/honest although represented as such. I'm also NOT implying the opinions are anything other than honest nor am I implying that there is or ever was anything nefarious.
@BAYOUBENGAL said:
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
I don’t think so. Collectors like Pogue and Simpson, and many others, buy high end coins that “could” be upgrade candidates. Also, they hold them a long time, which translate to a bump grade when sold. A lot has been written about grade inflation, so lets don’t go there. I would expect all of the Simpson upgrades deserve the bump. There are really high end material in that sale.
I have never met Simpson, though I have heard he does know how to grade. I have purchased a few of his cast-offs, and tend to agree.
Simple answer : Simpson still loves his ex wife so he asked Heritage to resubmit several of his coins so they could bring more money when they upgraded .
Nic
Posts: 3,344 ✭✭✭✭✭
Comments
Is this a case where ownership really does add a point?
Thanks for the heads up---i noticed some pop reports were not making sense on his coins. This explains it.
Is he still using Heritage? i thought he would go with the Legend team.
Under the circumstances, maybe a third party made the decision.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Do you mean since the auction started or compared to the auction preview listings?
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Did some of the coins get upgraded but lost their CAC sticker at the new grade?
The 1894 S dime crossed to PCGS PR-66!
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
How did they fare?
Considering who it is and what coins they are do you really PCGS did not "help" him out ... If you are one of the big "boys" possession gives you the point or so...
Gradeflation for three but not for me.
I got a severe smack-down on my last two submissions so I'm going to hide in my safe room for awhile.
My Saint Set
I think Legend posted that he's going through a divorce and given his closeness to them, he was forced to choose someone else.
Interesting. I wonder if that will be a winning strategy or a fatal mistake. I guess it depends on the price spread between X grade and X+1.
The 1894-S BM PF66 dime is a beauty. Wasn't it once in a PCGS PF65 holder?
It appears to have happened on some coins. Arguably maybe they did not have time to resubmit to cac. I know legend wrote articles about it being preferable to leave in the orignal holder with the cac sticker than getting an upgrade without the sticker.
A lot of X+1s will CAC again at the X+1 level. Sometimes it takes some time for the database to be updated.
20 years ago was a 64 IIRC. With that said, it’s the prettiest one
Serious question from a collector, NOT an insider, you all seriously believe PCGS gives better grades to wealthy collectors vs others...sounds like something very illegal, maybe I’m naive but cant think they purposely do this....
CFA, LSU AND ANA
I don’t think so. Collectors like Pogue and Simpson, and many others, buy high end coins that “could” be upgrade candidates. Also, they hold them a long time, which translate to a bump grade when sold. A lot has been written about grade inflation, so lets don’t go there. I would expect all of the Simpson upgrades deserve the bump. There are really high end material in that sale.
My 20th Century Gold Major Design Type Set ---started : 11/17/1997 ---- completed : 1/21/2004
I don't believe PCGS would intentionally favor any submitter. However, I have no doubt that there are many ways to game the system, and that the biggest submitters have figured out every angle on how to maximize their grades.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Those that play in the high end strap your helmets on... clear market indicators coming...grade bump or not.
It would take a major conspiracy to pull this off...people would go to jail if this was true..literally
CFA, LSU AND ANA
Pfffft. It’s the TPG’s label and it’s an opinion.
+1
On another note, most ultra rarities are graded liberally. Grade is less important than relative position in the condition census on these any way.
Not really. It's an opinion that people are known to rely upon. Prove that the opinion is less than honest and there's some serious liability.
Again, I'm not suggesting that the opinions are less than honest.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
In the marketplace, I agree. In the courts, I don’t agree
Impossible to prove.... But if I were a betting man...
BHNC #248 … 108 and counting.
The FTC didn't think so in the 1990s when it filed suit against a major coin certification company. There was a consent degree that would be violated if the opinions were not objective/honest although represented as such. I'm also NOT implying the opinions are anything other than honest nor am I implying that there is or ever was anything nefarious.
I have never met Simpson, though I have heard he does know how to grade. I have purchased a few of his cast-offs, and tend to agree.
Simple answer : Simpson still loves his ex wife so he asked Heritage to resubmit several of his coins so they could bring more money when they upgraded .
Clearly we are in a period where eye appeal is increasingly weighty in the grading process, IMO as it should be.
Last chance.
My 1866 Philly Mint Set