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Pop reports

bidaskbidask Posts: 14,017 ✭✭✭✭✭
When a coin is graded at PCGS or NGC there are serial numbers assigned to the coin for reference.

Theoretically, if coins were never cracked out, the pop report numbers would be accurate.

But since the practice of coins being cracked out of slabbed holders is widespread for resubmission, the actual nimber of coins reported for the grade potentially is higher if it is assigned the same grade again.

Likewise, a coin given a higher grade in essence loses its previous grade and thus some pop reports may be overly stated.

Any thoughts on which series may have higher pop reports because of this? How is this affecting pricing?
I manage money. I earn money. I save money .
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Comments

  • I would be willing to bet that all the pop reports are affected by this....


    AL



  • PerryHallPerryHall Posts: 46,749 ✭✭✭✭✭
    When there is a big jump in value for a one point jump in grade, the lower grade is cracked and resubmitted multiple times in the hope of winning the big jackpot.

    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



  • << <i>Any thoughts on which series may have higher pop reports because of this? How is this affecting pricing? >>



    I would be willing to bet that any pop 1 coin is a very accurate reflection of the actual population for that coin, lol.

    After that, I'm sure there are plenty of crackouts. It's obvious with some gold, you never see a pop 10 coin come to market, but with other coins you will see 7/10 a year come to market.
    Life member of the SSDC
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I would be willing to bet that any pop 1 coin is a very accurate reflection of the actual population for that coin >>



    Not necessarily. The pop report shows a pop 1/0 MS68 1964 Kennedy that doesn't exist.

    Russ, NCNE
  • 53BKid53BKid Posts: 2,174 ✭✭✭
    I think the classic gold commemorative series has a good percentage of crackouts.

    Take a look at the $50 Pan Pacs!

    HAPPY COLLECTING!!!
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>When there is a big jump in value for a one point jump in grade, the lower grade is cracked and resubmitted multiple times in the hope of winning the big jackpot. >>



    image

    The better part of a chapter was devoted to this in How to make money in coins right now by Scott Travers - an interesting book with some good tips, btw.
  • BearBear Posts: 18,953 ✭✭✭
    Yes, when the graded population exceeds the origonal

    mintage of a coin, It does give one a reason to wonder.image
    There once was a place called
    Camelotimage


  • << <i>

    << <i>I would be willing to bet that any pop 1 coin is a very accurate reflection of the actual population for that coin >>



    Not necessarily. The pop report shows a pop 1/0 MS68 1964 Kennedy that doesn't exist.

    Russ, NCNE >>




    HUH?image
    In the race for quality there is no finish line.
  • RussRuss Posts: 48,514 ✭✭✭


    << <i><<

    << I would be willing to bet that any pop 1 coin is a very accurate reflection of the actual population for that coin >>

    Not necessarily. The pop report shows a pop 1/0 MS68 1964 Kennedy that doesn't exist.

    Russ, NCNE >>

    HUH? >>



    It's an SMS coin that was mistakenly graded as a business strike. It's now in an NGC SP69 holder, but has never been removed from the PCGS pop report.

    Russ, NCNE
  • Interesting...
    In the race for quality there is no finish line.
  • I'd imagine that the PCGS pops of the '26-S Lincoln in MS64RD are a significant multiple of how many actually exist. imageimageimage

    PCGS pops: 64RD 66/65RD 1, NGC pops: 64RD=3/65RD=1, ANACS pops: only RD's are 2 MS62's

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