Are detail coins included in pop report?
jfoot13
Posts: 2,671 ✭✭✭
I was just wondering If detail coins were included in the pop report or if they have their own little club someplace else?
If you can't swim you better stay in the boat.......
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No, they are not included in the pop reports.
That's something I never thought about, thanks for posting the question @jfoot13
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Pretty Stupid eh?
Check eBay for Charlotte or Dahlonega coins, it’s a pretty big club.
I don't think errors are included either.
There should be some way to have more accurate population reports. Also at some point it may be possible to have more accurate populations of high grade certifieds and rare coins through digital fingerprinting across the grading services.
With all the crack out artists around, I don't think the Pop. reports can ever be accurate.
Good point... My reason for asking in this post is I just received the grades from my last submission ( mostly 8 reals ) and 7 out of the 10 came back details 92 and if there were a population report on these I could determine which dates and mints should get a closer examination before purchase ( human nature is to crack out detail coins and sell them raw )
I dunno. To certify a coin, and then not count it, is bulls***. It helps NO ONE. I’d wager 40% of colonials have “environmental damage”, or are misunderstood as to the nature of the planchet as Struck and called “details”. Not keeping track and publishing counts really skews the knowledge base collectors MUST use to understand their coins.
IT's a little complicated though, isn't it? You've got multiple problems to track and, like error coins, the degree of the problem isn't consistent. You would have AU details environmental damage coins that had a tiny corrosion spot or significant corrosion, for example.
"human nature" or unethical?
If you have a coin that receives a detail grade and then try to sell it raw, you need to disclose the defect that resulted in the grade. The only advantage to cracking it out is if you are trying to hide the defect.
I wonder if details coins are significantly more likely to be cracked out, and their tags less likely to be returned to PCGS, and perhaps that's why PCGS doesn't bother. OTOH, it used to be that PCGS wouldn't even slab problem coins, and they must have started doing so because there was collector demand for the practice.
or if you don't agree with the grade or conclusion, I've sent in coins right out of mint sealed bags that came back cleaned unc detail , " The faults that upset us the most are the ones we see in ourselves " In any event we digress the reason for the post is for me to find out where I can get a detail population to get a rough idea of ratio of problem coins to straight grades being submitted.
They are included in the "Coin Facts" auction results listings. Quite often when you see a very low price for something in a given grade, the reason for the cheap price is because it's a "details" that was in a sharpness grade like AU.
There should be some way of listing them, if only in a "details" column. That would give us a better idea as to how many coins exist for a very rare or very scarce issue of coins.
They only count the counterfeits that get through.
Interesting does that mean all these buyers at coin shows using the coin facts ap to look at auction prices are in fact using detail prices to try to buy coins?
why would you have to disclose that? is there a law that says so? (besides your own ethics)
And, it is** only a TPG opinion**, not necessarily a fact
that could apply IF, big if, all TPG's would grade identical.
Yes. Sometimes.
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Both should have some sort section (for lack of better words)
They could start with some of mine to catalog, it appears I'm very good at buying "Detailed" coins.
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Actually, there might be a law that applies, but it would be hard to enforce. Knowingly hiding a defect could well constitute fraud.
If the TPG opinion is not accurate, that would be a different matter.
Just be sure and ask for a downgrade if you think the TPG over-graded your coin also. Just to be consistent.
I wish they would include them. For rarer coins, these numbers would be valuable. For an 1881-S Morgan, not so much.
I'm led to believe that the population of all details grades is zero since people crack them out.
remember, a TPG's "say so" is ONLY an opinion... and nobody has to agree.
If so, the TPG would have to let the facts show on the slab!. i.e. reconditioned or whatever...