Should PCGS grade problem coins?
seateddime
Posts: 6,180 ✭✭✭
What do you think?
I seldom check PM's but do check emails often jason@seated.org
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
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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
What value would it add to the coin?
Besides that, if you really feel a coin was bodybagged for an invalid reason, just send it back for another grading. If they slabbed it as a net grade, you'd just be busting it out of the slab and sending it back anyway!
The name is LEE!
<< <i>From what I've seen, they already do.
"PCGS has a policy prohibiting the encapsulation of coins with problems such as: artificial toning, excessive cleaning, environmental damage, PVC damage, major scratches, or planchet flaws."
<< <i> If they slabbed it as a net grade, you'd just be busting it out of the slab and sending it back anyway! >>
Not if it was a key date and the main reason to get it graded was to prove it was real.
JJ
<< <i>Authentication with issue noted on label.... for those who need slabs. Cheers, RickO >>
Hoard the keys.
<< <i>
<< <i>From what I've seen, they already do. >>
"PCGS has a policy prohibiting the encapsulation of coins with problems such as: artificial toning, excessive cleaning, environmental damage, PVC damage, major scratches, or planchet flaws." >>
How do you define "excessive" and "major"?
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
if the coin is rare and tough, they allow quite a bit of slack.
they keys even more so.
so your question already has an answer. yes they do.
what say home run hall?
edited to add: i sometimes think coin collectors are the slowest
to catch on to things out of any hobby i ever participated in. almost
a lemming mentality. a belief that experts are experts because so
many others think so also. that they will never think more about
money then the hobby.
<< <i>Wasn't this one of the proposed changes listed in the questionaire sent out by PGCS a couple of weeks ago? >>
Yep, but it was from the registry team. Not sure how much this came from the higher ups.
they can get more money for the coin in a net pcgs slab then
a net anacs slab.
follow the money and you shall find your reasons.
<< <i>Yep, but it was from the registry team. Not sure how much this came from the higher ups. >>
The email I got was from Mr. Ron Guth
President, Professional Coin Grading Service (PCGS)
It don't get a lot higher.
<< <i>Yes. It is so frustrating to pay the fee and just get a flip and a note for all the effort. I like all of my coins to be in the same holder and some of them are "problem coins" because that is the only way to get them sometimes. >>
My sentiments exactly, Becoka. I'm new to grading, but like to keep the field level (also my eyesight is failing being a baby boomer). With net graded coins, argument is limited. I also feel that these coins have a story to tell as do other coins in my collection. It's a nice way to keep them from deteriorating further. Quite honestly, PCGS has lost some of my business to ANACS for this very reason.
In developing the option of sending a coin down the straight grade chute or the problem chute, I personally would default to the problem category much more readily at any doubtful sign of a coins surface preservation or it's "PQ" potential. And I'm sure at the grading meetings, Senior Importante' would stress to the bench boys how crucial it is to grade with PCGS integrity in the marketplace in mind. ie: there would be strong suggestions to fault coins now that would otherwise slide. Look, these folks are good at their jobs and I love the results I get, and respect their decisions about my BB's, but, i dunno, maybe 30% of classic circ coins in PCGS holders coulda gone either way. I'm just surmising that jumps up to 50% with the option on the open table.
ps I love PCGS
<< <i>ask me, the only reason people voted yes is because they think
they can get more money for the coin in a net pcgs slab then
a net anacs slab.
follow the money and you shall find your reasons. >>
Why do you make this sound like I would need a shower for wanting to solidify value to one of my coins?
Unless it's in either Vol I or II of 100 Greatest Coins.
Jerry
Experience the World through Numismatics...it's more than you can imagine.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
It should be a starkly contrasting label compared to their current (so there is no doubt) incl different font/size.
It should also be details and not net-graded. Should be up to the buyer to decide the "net" grade.
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
Aren't we paying for a service?
PCGS, unless I missed something the 'G' is for grading.
They can grade with comment, net-grade with comment, or what ever they'd like, but if it cost the same as regular grading then we should get the same type of service.
I will add that they could leave off the cert. number so it could never be included in anyone's registry set (here or across the street)
``https://ebay.us/m/KxolR5
keoj
60 years into this hobby and I'm still working on my Lincoln set!
Edited to elaborate the intent of my statement, "Why should they as the reason for ANACs existence is this very purpose."<sarcasm> Geesh things get a bit to serious around here sometimes.
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.
<< <i>Why should they as the reason for ANACs existence is this very purpose. >>
Not true. ANACS is a major grading company that also happens to grade problem coins. Problem coins aren't the "reason for ANACS's existence".
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
PCGS should remember the way they became the most respected TPG. They have done such a good job overall, one could ALMOST buy PCGS-graded coins sight-unseen.
Net-Grading problem coins would be a step in the wrong direction.
<< <i>
<< <i>Why should they as the reason for ANACs existence is this very purpose. >>
Not true. ANACS is a major grading company that also happens to grade problem coins. Problem coins aren't the "reason for ANACS's existence". >>
A lot of error coins also show up in ANACS slabs.
<< <i>If you guys want a net grade so badly send your coin to ANACS. >>
ANACS does details grading. PCGS and NGC do net grading.
...anything dated 1700's or 1800's, with a red label.
<< <i>If you guys want a net grade so badly send your coin to ANACS. PCGS is the epitome, let it stay that way. >>
So let me get this straight---PCGS is too good to slab a 1799 large cent with some enviornmental damage but they aren't too good to slab state quarters?
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
If they refund the payment, then they shouldn't.
How do you define "excessive" and "major"?
yes, those are the weasel words, and their meaning changes depending on the coins. "excessive and major" for a common modern coin might be the tiniest, barely noticeable hairlines, while rare, valuable old coins with obvious heavy cleaning and large deep scratches get quietly net graded.
Liberty: Parent of Science & Industry