Why doesn't PCGS grade GSA's in the holder?

lkrarecoins · February 23, 2007 11:03AM

Anyone know why? I am curious whether it is a legal, quality control, or "biting" issue???

Thx in advance...

Len

MrEureka · February 23, 2007 11:04AM

I always assumed it was a function of "quality control".

What's a "biting" issue?

LincolnCentMan · February 23, 2007 11:07AM

I think it might be because NGC did it first and they want to avoid the appearance of following suit.

-David

lkrarecoins · February 23, 2007 11:08AM

Andy.....

"Biting" is slang for copying, bogarting, mimicing...etc

PrivateCoinCollector · February 23, 2007 11:17AM

They grade them. They just pop them out of those big ugly holders and attibute them to GSA in a PCGS holder.

JSsson · February 23, 2007 2:15PM

Even though NGC grades GSA's in their original holders, I think PCGS should do the same. I'm sure there will be plenty of people who would want their GSA's graded by PCGS without having the coins removed from the original holder.

garsmith · February 23, 2007 5:25PM

Because the GSA slabs don't fit in a PCGS blue box

Writersblock · February 24, 2007 12:12AM

<< <i>I'm sure there will be plenty of people who would want their GSA's graded by PCGS without having the coins removed from the original holder. >>

If they ever did,they wouldprobably also follow NGC's guarantee exclusion. If you look at the label on the NGC graded GSA dollars you will see that it states that the coin is NOT covered by the NGC grading guarantee. So if PCGS did the same you would probably find that they won't be covered by the PCGS guarantee.

TwoSides2aCoin · February 24, 2007 12:15AM

The same reason you don't cook steak in the wrapper...
it just wouldn't taste the same

guitarwes · February 24, 2007 12:19AM

Do you not think that it's because they really don't know for sure that it's the original coin that came in the holder?

Might be....................

wes

mr1931S · February 24, 2007 12:20AM

"They just pop them out of those big ugly holders and attibute them to GSA in a PCGS holder."

I think the GSA holder is just fine. Keeping these in the original holder with the box and paper is part of the "history thang" for me.
In fact, I think the coin in GSA holder w/box and paper is, or should be, worth a little more to the collector than just the coin itself.

Grade? I do-it-myself. TPG's don't know more than me about grading unc GSA dollars.

DUIGUY · February 24, 2007 12:24AM

<<They just pop them out of those big ugly holders >>

Beauty is in the eye of the beholder.

Those "ugly" holders demand some pricey premiums !

TwoSides2aCoin · February 24, 2007 12:33AM

<< <i><<They just pop them out of those big ugly holders >>

Beauty is in the eye of the beholder.

Those "ugly" holders demand some pricey premiums !

>>

I disagree.... It's the date and condtion of the coin, not the holder, that demands the price. Please agree with me

ricko · February 24, 2007 12:49AM

"I disagree.... It's the date and condtion of the coin, not the holder, that demands the price. Please agree with me "

I agree 2S2C.... but... that is for people who are collectors, have taken the time to learn grading, are interested in coins, and are not just 'flippers'.... there is a real difference. Cheers, RickO

RedTiger · February 24, 2007 2:05AM

<< <i>"I disagree.... It's the date and condtion of the coin, not the holder, that demands the price. Please agree with me "

I agree 2S2C.... but... that is for people who are collectors, have taken the time to learn grading, are interested in coins, and are not just 'flippers'.... there is a real difference. Cheers, RickO >>

The original holders rightfully command some premium. The odds of a totally original coin go way, way up if a coin is in a GSA holder vs. a PCGS holder. There are so many dipped out, and artificially toned coins in top tier holders it isn't funny. Very few such coins are in GSA holders, partly because there is little profit in doing so, partly because it is not that easy to take the coin out and reseal the holder expertly or mess with them inside the holders. For collectors that want totally original coins in today's market, GSA holdered coins are one of the very few places to look and have high odds of finding them.

MAD4MORGANS · February 24, 2007 3:26AM

<< "I disagree.... It's the date and condtion of the coin, not the holder, that demands the price. Please agree with me "

Sorry, no can do...

I like mine in the original GSA holders. Especially the NGC ones.

Coxe · February 24, 2007 3:33AM

Doing so, even without a grade guarantee, makes them marginally more marketable. Authenticity is not a question. They have not been messed with. If people just would rely on their own grading skills, there would be no need for a third party opinion on them. Most are exceedingly common dates and grades anyway. It is not easy to assess proflikeness in the plastic (which is also part of the reason I believe crossover PLs don't make it a lot of the time). Maybe a case for the few attributable VAMs could be made. Hardly a reason to bother though. I like just having them and the occasional remnant Redfield Paramount slabs as is.

Why doesn't PCGS grade GSA's in the holder?

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