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***PCGS Service Announcement - New "Genuine" Service***

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    Drop the soap, bend over, grab your ankles and say AAAH!!!! I could get this for free in a Seattle bath house!
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    ManorcourtmanManorcourtman Posts: 8,396 ✭✭✭✭✭


    << <i>PCGS IS A BUSINESS,

    NOT THE SALVATION ARMY! >>



    They are throwing away their reputation for $100. That is not a smart Business decision.
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    PlacidPlacid Posts: 11,299 ✭✭✭


    << <i>

    << <i>$100 is good so they dont get flooded with coins and slowing down turnaround times. >>



    Not very likely. Most people that have wanted authentication only have probably already gotten their coins slabbed by ANACS and NCS. >>



    Not because of that, because many of the people that use anacs/ngc now because they hate bodybags at pcgs would switch.
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    halfhunterhalfhunter Posts: 2,770 ✭✭✭
    They are throwing away their reputation for $100. That is not a smart Business decision.

    Kinda of reminds me of the guy who asked the lady if she would make love to him for a Million dollars to which she replied "a million dollars . . . humm . . . why yes". Then he asks if she'll make love to him for $2. Of course she replies "NO what the hell do you think I am". . . .

    Regards, John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
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    sweetwillietsweetwilliet Posts: 2,316 ✭✭✭
    Well, it probably shouldn't be labeled PCGS, as that stands for Professional Coin Grading Service, and these coins will only be certified as genuine, not graded. Maybe they should go by Professional Coin Genuine Service, or PCGS.image
    Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
    Will’sProoflikes
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    greghansengreghansen Posts: 4,301 ✭✭✭
    There will be plenty of takers for this service even @ $100. In fact I have a couple right now. Frequently counterfeited key date coins (like the '93-S morgan) will be a natural for this. Many people would rather have a lower grade problem coin in a PCGS 'genuine' slab than in a ANACS 'net graded' slab. They obviously are not looking to compete with ANACS for the widget problem coins. I don't see any reason to rant and rave about the price. If the value of the coin does not justify the charge, you can always use the other services that net grade for a cheaper price. I won't use this service a lot...but it will be nice to have it available as an option when considering how to handle a more expensive problem coin. The resubmission requirement after getting bodybagged is a pain in the arse, and they need to be better than that at customer service. Returning the coin to the client and requiring the client to resubmit again is clumsy , time consuming, adds extra costs and it just isn't that hard to develop a process for sending the coin through the 'genuine' service as a back up option if the coin gets bagged.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

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    ElcontadorElcontador Posts: 7,740 ✭✭✭✭✭
    They want the high ticket stuff out of NCS holders and in theirs. The "Genuine" service is not a substitute for a bodybag. I wonder how many Reiver coins are destined for Genuine holders

    Actually, most of the slabbed Bust $s I've seen should be in these 'geniune' holders and no-graded. It would be helpful if they listed things like "environmental damage," "harshly cleaned," etc., on these coins.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
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    lcoopielcoopie Posts: 8,875 ✭✭✭✭✭


    << <i>It's the beginning of the end, my friends. >>



    do you mean the end of PCGS?
    LCoopie = Les
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    TootawlTootawl Posts: 5,877 ✭✭✭
    With all these changes, does "Dealers Universe" want the collectors out of the collecting hobby?
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
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    pitbosspitboss Posts: 8,643 ✭✭✭




    GREED!!!!
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    GoldbullyGoldbully Posts: 18,500 ✭✭✭✭✭


    << <i>There will be plenty of takers for this service even @ $100. In fact I have a couple right now. Frequently counterfeited key date coins (like the '93-S morgan) will be a natural for this. Many people would rather have a lower grade problem coin in a PCGS 'genuine' slab than in a ANACS 'net graded' slab. They obviously are not looking to compete with ANACS for the widget problem coins. I don't see any reason to rant and rave about the price. If the value of the coin does not justify the charge, you can always use the other services that net grade for a cheaper price. I won't use this service a lot...but it will be nice to have it available as an option when considering how to handle a more expensive problem coin. The resubmission requirement after getting bodybagged is a pain in the arse, and they need to be better than that at customer service. Returning the coin to the client and requiring the client to resubmit again is clumsy , time consuming, adds extra costs and it just isn't that hard to develop a process for sending the coin through the 'genuine' service as a back up option if the coin gets bagged. >>



    it just isn't that hard to develop a process for sending the coin through the 'genuine' service as a back up option if the coin gets bagged.

    Very good point!!!!
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    ManorcourtmanManorcourtman Posts: 8,396 ✭✭✭✭✭


    << <i>With all these changes, does "Dealers Universe" want the collectors out of the collecting hobby? >>



    Sure looks like it.
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    DoogyDoogy Posts: 4,508


    << <i>They want the high ticket stuff out of NCS holders and in theirs. The "Genuine" service is not a substitute for a bodybag. I wonder how many Reiver coins are destined for Genuine holders

    Actually, most of the slabbed Bust $s I've seen should be in these 'geniune' holders and no-graded. It would be helpful if they listed things like "environmental damage," "harshly cleaned," etc., on these coins. >>



    I agree with you. whether or not the Kool-Aid folks want to admit it, they have been net grading problems coins for years. At least now they are willing to admit on the slab that it has a problem(s) instead of turning a blind eye to it and still claiming they are #1.

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    WOW!!
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    ShortgapbobShortgapbob Posts: 2,332 ✭✭✭
    To me, it looks as if PCGS is trying to find a middle ground by using the Authentication Service, but charging $100 for it. They don't want to cheapen their name by putting low value coins in Genuine holders or providing details grades, but they want to meet the demand to have very expensive problem coins in their holders.

    There are some major five figure coins out there that have slight problems. I think many of these coins will quickly go into PCGS Genuine holders.
    "It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle

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    << <i>With all these changes, does "Dealers Universe" want the collectors out of the collecting hobby? >>



    Kinda feels that way doesn't it.. Why they can't slab the BB coins and use a different label is beyond me. Even if that have a different label with a different name so the PCGS name stays pure as some want, I understand that but how about instead of a BB, a slab with a label PCS "Problem Coin Slabbing" or something, anything.. Why is some people with money just don't have any common sense (cents)? Sorry, just venting, It not my business , I have no say in how they run it, If I do not like it, I can go to the other companies, ...But I choose not to because even though I disagree I still know PCGS is the best damn grading service bar none and am proud of my collection that is slabbed in PCGS holders. I just wish they could all be in holders. Heah.......there the new division for BB coins ......."BDGS" image


    They could even charge an extra $5-10 charge if a BB coin is slabbed
    Missing My Life -PSA-Please Watch- 30 seconds could help someone you know

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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    I have not read the whole thread, but I do not understand why they cannot charge the same as would be charged for the grading tier based on the value of a coin. Additionally, coins sent for grading under the regular service should be automatically placed in the "genuine" holders if they are felt to be bodybags under the regular grading policy. THIS would be a service to collectors.

    For example, the 1800 $5 that I submitted for crossover that they did not like for some absurd reason could be placed in a genuine holder automatically, rather than returned to be without being encapsulated by PCGS.

    Recent decisions made by PCGS that affect collectors continue to baffle me. Are they trying to alienate the end user?
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Recent decisions made by PCGS that affect collectors continue to baffle me. Are they trying to alienate the end user? >>

    The recent decisions have me thinking they're starting to believe that submissions from non-dealers are more of a nuisance than they are worth.
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    keojkeoj Posts: 1,032 ✭✭✭✭
    1) I really like this idea of Genuine
    2) It's too expensive... I was hoping for a fee comensurate with PCGS' other fees (based on turnaround and value)
    3) At 40$/coin, I'd be all over for a few coins that I have.

    keoj
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    DoogyDoogy Posts: 4,508


    << <i>I have not read the whole thread, but I do not understand why they cannot charge the same as would be charged for the grading tier based on the value of a coin. Additionally, coins sent for grading under the regular service should be automatically placed in the "genuine" holders if they are felt to be bodybags under the regular grading policy. THIS would be a service to collectors.

    For example, the 1800 $5 that I submitted for crossover that they did not like for some absurd reason could be placed in a genuine holder automatically, rather than returned to be without being encapsulated by PCGS.

    Recent decisions made by PCGS that affect collectors continue to baffle me. Are they trying to alienate the end user? >>



    you'd rather have that 1800 $5 in a 'genuine' holder, than have it returned in the original holder since it didn't cross over? I'd sure rather have it in the original holder, as there is a decent chance that PCGS flat out missed something.
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    RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>I have not read the whole thread, but I do not understand why they cannot charge the same as would be charged for the grading tier based on the value of a coin. Additionally, coins sent for grading under the regular service should be automatically placed in the "genuine" holders if they are felt to be bodybags under the regular grading policy. THIS would be a service to collectors.

    For example, the 1800 $5 that I submitted for crossover that they did not like for some absurd reason could be placed in a genuine holder automatically, rather than returned to be without being encapsulated by PCGS.

    Recent decisions made by PCGS that affect collectors continue to baffle me. Are they trying to alienate the end user? >>



    you'd rather have that 1800 $5 in a 'genuine' holder, than have it returned in the original holder since it didn't cross over? I'd sure rather have it in the original holder, as there is a decent chance that PCGS flat out missed something. >>



    I would at least like the option. I can think of better scenarios for this. You buy a raw coin, submit it for regular service, and the coin is deemed to be (altered surface or whatever). The coin comes back in a PCGS "genuine" holder. You can decide whether you are satisfied with this, would rather crack it out and try again, would rather submit it somewhere else, or prefer to keep it raw.
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    << <i>these clowns dont give a ratsass about the regular folk, as shown once a again, i bet J.A. is laughing right about nowimage >>


    image
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    << <i>$100!!!! What are they thinking? >>



    They are trolling for P.T. Barnum specials.
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    bumanchubumanchu Posts: 1,383 ✭✭✭



    Please tally up your net worth and sent it all to .......... , it will be less sufferable in the long run.
    And I ain't lying this time.
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    jmj3esqjmj3esq Posts: 5,421
    The recent decisions have me thinking they're starting to believe that submissions from non-dealers are more of a nuisance than they are worth.

    I dont think so. Submissions from non-dealers make them way too much $$$$. CU is just like every other corp. Its all about the $$$$. They are not about to give up the non-dealers who submit 20 gold coins that all bag. At the current fees, i'm sure its no nuisance.

    I see no end is sight like a few have said here tonight. PCGS just put a price on a "genuine" slab. Another way to make money. If you have a veru high dollar problem coin, now it can be slabbed. Thats it. Think what you want, but this decision was only made to allow for high dollar problem coins to be slabbed with PCGS and not only with ANACS or NCS.
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    ebaytraderebaytrader Posts: 3,312 ✭✭✭


    << <i>The fee for the Genuine service is $100 per coin. You would think that when your coin was BB it would be holdered genuine >>




    I'm wondering whether or not they'll continue grading problem coins at a net grade without any notation? Will they take the current hoard of net graded problem coins off of the market?

    Strange move considering their history.
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    fcfc Posts: 12,805 ✭✭✭
    it is a nice idea... in the sense if i had the chance to buy a cruddy
    cleaned up 1875P half eagle i would like to know that pcgs thought
    it was legit.

    but 100 dollars is basically saying we only want this service to be
    available for high end 2500+ and up coins. do not bother send us
    your 500 dollar coins, we really do not want to waste the time on
    them and it could cheapen our brand name.

    ---

    also others bring up a good point about net graded coins in existing
    holders...

    will tpgs always be doomed to have such a wide variety of stuff
    in every holder with no real consistency to be seen over years and
    years of grading?

    ---

    also, this gives them a great reason to start body bagging coins
    that are in the grey area much more often. slightest problem.. BB!
    maybe it will come back for 100 bucks more profit?
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    GoldbullyGoldbully Posts: 18,500 ✭✭✭✭✭


    << <i>it is a nice idea... in the sense if i had the chance to buy a cruddy
    cleaned up 1875P half eagle i would like to know that pcgs thought
    it was legit.

    but 100 dollars is basically saying we only want this service to be
    available for high end 2500+ and up coins. do not bother send us
    your 500 dollar coins, we really do not want to waste the time on
    them and it could cheapen our brand name.

    ---

    also others bring up a good point about net graded coins in existing
    holders...

    will tpgs always be doomed to have such a wide variety of stuff
    in every holder with no real consistency to be seen over years and
    years of grading?

    ---

    also, this gives them a great reason to start body bagging coins
    that are in the grey area much more often. slightest problem.. BB!
    maybe it will come back for 100 bucks more profit? >>




    image
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    DoogyDoogy Posts: 4,508


    << <i>

    << <i>The fee for the Genuine service is $100 per coin. You would think that when your coin was BB it would be holdered genuine >>




    I'm wondering whether or not they'll continue grading problem coins at a net grade without any notation? Will they take the current hoard of net graded problem coins off of the market?

    Strange move considering their history. >>



    highly doubt it. the 'net grade is their dirty little secret that you won't hear them admit. It isn't like they are getting away with it though, collectors of early US coinage know full well that a good majority of their coins are problem coins that they decided to slab anyway. I say a little honesty in grading is a good thing; if a coin has an old cleaning, it is still cleaned and should reflect it on the slab.

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    I like the idea of getting problem coins into slabs, it potentially takes thousands off the market for these ebay scammers and may create another market for these coins, however I also think the problem should be noted on the slab. I know it does not take much to crack a slab, but at least a few will remain in them. The only thing I think they should do is not market this service under the PCGS logo, I like what NGC has done with NCS, it doesn't tarnish their image.
    Life member of the SSDC
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    direwolf1972direwolf1972 Posts: 2,076 ✭✭✭
    I know I'm in the minority here but I was hoping they'd net grade too if they are going to take this route. And for that price I'd think a little more could be offered.
    I'll see your bunny with a pancake on his head and raise you a Siamese cat with a miniature pumpkin on his head.

    You wouldn't believe how long it took to get him to sit still for this.


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    Wolf359Wolf359 Posts: 7,666 ✭✭✭


    << <i>Just another bend the small collector over. >>



    It's a business, not a service catering to the masses.
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    Wolf359Wolf359 Posts: 7,666 ✭✭✭


    << <i>these clowns dont give a ratsass about the regular folk, as shown once a again, i bet J.A. is laughing right about nowimage >>



    Any business that is willing to compromise itself financially for "the regular folk" is quickly put out of business by the competition.
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    BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>

    << <i>Just another bend the small collector over. >>



    It's a business, not a service catering to the masses. >>



    It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now.
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    BearBear Posts: 18,953 ✭✭✭
    My feeling is that the Company is trying this on an

    experimental basis to see how it will run. The high

    cost is to prevent being overwhelmed while the

    program is being evaluated.
    There once was a place called
    Camelotimage
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    BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>My feeling is that the Company is trying this on an

    experimental basis to see how it will run. The high

    coast is to prevent being overwhelmed while the

    program is being evaluated. >>



    Always chiming in with something that make sense. image
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    FullStrikeFullStrike Posts: 4,353 ✭✭✭
    CAC is salivating - I'm sure. image



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    Wolf359Wolf359 Posts: 7,666 ✭✭✭


    << <i>

    << <i>

    << <i>Just another bend the small collector over. >>



    It's a business, not a service catering to the masses. >>



    It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>



    Natural and inevitable progression if you want to stay in business.
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    FrankcoinsFrankcoins Posts: 4,572 ✭✭✭
    Doesn't PCGS claim it costs more to return a coin in a bodybag then to slab it, thus the reason for no refund of the grading fee?

    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
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    krankykranky Posts: 8,709 ✭✭✭
    Seems like a reasonable approach. If you only want the high-value coins in Genuine slabs, the $100 fee works.

    Look - if they would put every bodybagged coin in a "Genuine" slab, you would cheapen the brand immeasurably. The ebay scammers which are selling raw junk today would be selling PCGS "Genuine" junk tomorrow, and they would get to put PCGS in their auctions. And the coins that didn't slab because of being repaired or re-engraved would be described as "did not get a graded slab due to an old cleaning".

    The fewer coins in PCGS "Genuine" slabs, the better for all those who hold PCGS coins.

    And net grading is ridiculous, and is not a benefit to anyone.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Any business that is willing to compromise itself financially for "the regular folk" is quickly put out of business by the competition. >>

    Wal-Mart? Okay, maybe the compromise isn't financial, but it does show that catering to "the masses" isn't necessarily bad business model.
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    GoldbullyGoldbully Posts: 18,500 ✭✭✭✭✭


    << <i>My feeling is that the Company is trying this on an

    experimental basis to see how it will run. The high

    coast is to prevent being overwhelmed while the

    program is being evaluated. >>



    image


    No wonder there are so many threads with the Bear's touch!! image
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    DoubleEagle59DoubleEagle59 Posts: 8,431 ✭✭✭✭✭
    I'm so glad I mainly collect Canadian coins and deal only with ICCS (in Toronto).

    They have simple, direct 'mylar flip' grading certificates, with no special 'confusing' rules.

    Also, when they Bodybag a coin, EVERYONE knows why it was deemed so, because it is so obvious.

    and, their grading is very consistent.

    They may have over time, gotten a tad 'easier' with their standards (over 20 years), but at least they don't bounce back and forth with abrupt 'overnight' grading standard changes.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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    Aegis3Aegis3 Posts: 2,936 ✭✭✭


    << <i>

    << <i>

    << <i>Just another bend the small collector over. >>



    It's a business, not a service catering to the masses. >>



    It's also a company that started out wanting to improve numismatics for collectors. They are truly a business trying to please investors instead now. >>



    They were always about the investors.
    --

    Ed. S.

    (EJS)
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    chiefbobchiefbob Posts: 1,077 ✭✭✭
    Notice the suck-ups defending this ludicrous policy. Who the hell cares about the registry? GENUINE BS. I'm going with DGS and ANACS. And I don't care if I get banned. This is the death knell for the average collector at PCGS. And I believe the average collector made PCGS what it is today.
    Retired Air Force 1965-2000
    Vietnam Vet 1968-1969
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    mnmcoinmnmcoin Posts: 2,165
    Finally, but I think it should be done automatically on all submissions.

    morris
    "Repent, for the kindom of heaven is at hand."
    ** I would take a shack on the Rock over a castle in the sand !! **
    Don't take life so seriously...nobody gets out alive.

    ALL VALLEY COIN AND JEWELRY
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    dan383dan383 Posts: 812
    "Genuine"is good , No grade means No "CAC" sticker to make it worth more...................






    Dan
    Fishing is not a matter of life and death.......It's much more important than that........
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Finally, but I think it should be done automatically on all submissions. morris >>



    I think it is clear they don't want junk coins in PCGS slabs. The high cost is to keep junk out. --Jerry
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    BearBear Posts: 18,953 ✭✭✭
    Chief Bob, It is appropriate for folks to have differing

    opinions on issues. It is never appropriate to call those

    who differ with you in explaining possible reasons PCGS

    takes certain actions as suck ups. What possibly could PCGS

    do for me. I submit very few coins for grading and those are

    through a dealer. I do not get invited to any PCGS functions

    nor do I even receive as much as a Christmas Card from them.

    I defend them when I believe there is good reason to do so, and

    I politely call them to task, when I believe that they are

    in the wrong. Using invective and name calling, is only used by those

    who lack intelligent counter arguments to use in polite discourse.
    There once was a place called
    Camelotimage
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    Wolf359Wolf359 Posts: 7,666 ✭✭✭


    << <i>I'm so glad I mainly collect Canadian coins and deal only with ICCS (in Toronto).

    They have simple, direct 'mylar flip' grading certificates, with no special 'confusing' rules.

    Also, when they Bodybag a coin, EVERYONE knows why it was deemed so, because it is so obvious.

    and, their grading is very consistent.

    They may have over time, gotten a tad 'easier' with their standards (over 20 years), but at least they don't bounce back and forth with abrupt 'overnight' grading standard changes. >>



    Doesn't ICCS have a message board you can whine on?

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