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Wikipedia Description Of PCGS... Who Wrote This?
Tyler1924S
Posts: 1,328
Hmm....... For some reason, I'm inclined to think it was "American Coin Club Grading Service"... They use the snap together Coin World slabs.
Here's the description (or "definition") at Wikipedia;
From the ACCGS website;
ACCGS Webstie
Wikipedia Description Of PCGS
Here's the description (or "definition") at Wikipedia;
From the ACCGS website;
ACCGS Webstie
Wikipedia Description Of PCGS
0
Comments
greg
www.brunkauctions.com
I know professors who have grad students using Wikipedia directly as a source in their theses.
Newport Beach is the location of the PO Box and not the company which is actually located in Santa Ana!
The name is LEE!
Russ, NCNE
<< <i>Did you guys notice what one of the external links is? No doubt this hit piece was written by somebody with an axe to grind.
Russ, NCNE >>
Maybe by BB?
http://www.moderncoinvault.com
OOPS!
Russ, NCNE
<< <i>The guy who's been regularly editing the page has been coming from multiple IP addresses, but his last two edits nail him. The IP address of 24.89.144.10 belongs to:
http://www.moderncoinvault.com >>
BUSTED!
<< <i>The guy who's been regularly editing the page has been coming from multiple IP addresses, but his last two edits nail him. The IP address of 24.89.144.10 belongs to:
http://www.moderncoinvault.com
OOPS!
Russ, NCNE >>
Shoot, they have a lot of NGC stuff.
Russ, NCNE
AKA New World Rarities.
Russ, NCNE
"Inspiration exists, but it has to find you working" Pablo Picasso
Russ, NCNE
The name is LEE!
<< <i>Coin grading is a fee-based service in which a coin or medal is sent to an independent company to render an opinion on its authenticity and condition. Graded coins are then encapsulated in a plastic holder or, colloquially, a "slab." A label insert identifies the coin and provides a grade on the 70-point Sheldon coin grading scale. Coins that are not genuine or have been altered in some way are not graded.
It is standard in U.S. numismatics to grade coins on a point-scale from 1 (poor) to 70 (perfect). >>
That's a nice, easy to understand explanation.
Russ, NCNE
for libel over what they wrote about someone.
<< <i>People should be careful about what they write in Wikipedia, I know of one pending court case where a person is being sued
for libel over what they wrote about someone. >>
and that is why you use an anonymous proxy ;-)
<< <i>The guy who's been regularly editing the page has been coming from multiple IP addresses, but his last two edits nail him. The IP address of 24.89.144.10 belongs to:
http://www.moderncoinvault.com >>
Just to eliminate any potential confusion, this is NOT John Maben's outfit.
Russ, NCNE
<< <i>Correct. Maben is moderncoinmart in Florida. The other is in NY. >>
Just wanted to make sure no one made that mistake.
Linker
John Maben
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
I think if you follow the links from the collectorsinternet site (Somewhere buried in there) you find the same text as the wiki site.
Third Party Grading was pioneered by ANACS, which was founded by the American Numismatic Association in 1972. The board of governors realized the need to have a guarantee of authenticity, and so offered the first authentication service. At that time, the coins were not graded, only confirmed as genuine. Encapsulation had not yet come about, either, and so the coins were returned with a photo certificate.
In 1986 Professional Coin Grading Service (PCGS) opened, pioneering encapsulation with a plastic slab now known as the Old Green Holder, or rattler, because of its color and the way coins would sometimes rattle inside. PCGS was followed by Numismatic Guaranty Corporation (NGC) in 1987, and today these three companies form the Big Three, or Top Three of TPGs. A couple of other companies, such as SEGS and ICG, are regarded as second tier companies. There are dozens of other companies known as Third World Graders, which often do not offer a guarantee and are often regarded as being substandard in either grading practices or authentication.
[edit] Process
At each of the Top Three companies, a similar process is used. When coins are received, they are reviewed independently by several (usually about 3) graders. The coin is then assigned a final grade by a finalizer, based upon the recommendation of the graders. It is then slabbed. Depending on the company, various descriptors may be added, such as Full Bell Lines (FBL) or Proof-like (PL). Also depending on the company or the service requested, an attribution by die variety may be performed.
[edit] Impact
The TPG system has revolutionized the coin collecting hobby. Collectors can now have confidence that a coin is genuine, attributed correctly, and graded correctly. This is especially important when a vertain variety or the next higher grade is worth considerably more money. Critics (and proponents, sometimes) caution that the TPGs are fallible and make mistakes. While this is true, and not to be ignored, TPGs have introduced stability into the market and given confidence to less educated buyers and sellers. This added confidence has been a boon to the market, and over 13 million coins have been graded by PCGS alone.
Today, there are coin grading services in Canada and Great Britain, also. TPGs have also spread to other hobbies, such as stamps, sports cards, and comics.
Third Party Grading was created for the sole purpose of making money for the company owners.[citation needed] There is no other positive attribute to this scourge which has devastated the hobby.[citation needed] Many, Many new collectors have been told that their collections are virtually worthless[citation needed] unless they are encapsulated by one the "Three Top Grading Companies." This has led to individuals leaving the hobby in droves[citation needed] and in a few rare instances SUICIDE[citation needed] resulted from the negative comments said to unsuspecting owners by the TPG company executives.
These executives also stoop to selling coins which are graded by their own company.[citation needed] Yes, the owner can influence the grading of the coin upwards[citation needed] and then sell an upwardly "purposely misgraded" coin for an inflated profit from the usually nominal valuable coin.[citation needed] It has and is being done.[citation needed] The looser in this process is the collector and the TPG owner laughs all the way to the bank.[citation needed]
TPGing needs to have government regulation.[citation needed]
Linky
<< <i>Ok, I fixed the description. If anyone wants to write more, go for it. >>
Scary how easy it is to go in and hit delete like that.
<< <i>This has led to individuals leaving the hobby in droves[citation needed] and in a few rare instances SUICIDE[citation needed] resulted from the negative comments said to unsuspecting owners by the TPG company executives. >>
I guess any whacko can edit pages?
Russ, NCNE
This stuff is really, really funny guys, thanks for sharing.
And, might I add, anyone who relies on Wikipedia for correct information is asking for trouble. I
can't think of a better example of Be careful of what you wish for, you might get it...
John
SFC, US Army (Ret.) 1974-1994
<< <i>Is there a CAC-like sticker available for Wikipedia entries?
This stuff is really, really funny guys, thanks for sharing.
And, might I add, anyone who relies on Wikipedia for correct information is asking for trouble. I
can't think of a better example of Be careful of what you wish for, you might get it...
John >>
I think Wikipedia is great for a quick read on common knowledge material (eg. Ben Franklin, Mary Poppins, Buenos Aires, Space Shuttle). For anything technical, obscure, or in-depth, it is very dangerous.
<< <i>For anything technical, obscure, or in-depth, it is very dangerous. >>
Or anything controversial/political.
<< <i>Is there a CAC-like sticker available for Wikipedia entries?
And is there a wiki entry for "CAC"?
<< <i>
<< <i>Is there a CAC-like sticker available for Wikipedia entries?
And is there a wiki entry for "CAC"?
Did you go look, PoolGuru?
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
Ed. S.
(EJS)
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
<< <i>did PCGS give that coin a VF or is the photo doctored? >>
I found what I would call a more honest representation of the same coin at Heritage.
<< <i>Some dealers who have the inside tract on getting coins to "slab" but for the collectors who submit coins with problems these coins are returned ungraded in what is refered to as a "body bag" or ungraded. >>
Somebody must've been burned recently.