The silver lining in PCGS's copper policy.
Lakesammman
Posts: 17,656 ✭✭✭✭✭
I've suspected for a long time that some high end copper has been undergraded simply because of the potential liability to PCGS.
Now, for instance, Blay's 1877 "Indian Princess" can be put in the 67R holder it properly deserves!
Now, for instance, Blay's 1877 "Indian Princess" can be put in the 67R holder it properly deserves!
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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<< <i>I've suspected for a long time that some high end copper has been undergraded simply because of the potential liability to PCGS.
Now, for instance, Blay's 1877 "Indian Princess" can be put in the 67R holder it properly deserves!
Because it has been recolored?
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
<< <i>
<< <i>I've suspected for a long time that some high end copper has been undergraded simply because of the potential liability to PCGS. Now, for instance, Blay's 1877 "Indian Princess" can be put in the 67R holder it properly deserves!
Because it has been recolored?
I don't think that is the implication. Natural red coins eventually turn too. I don't know the coin in question but if it is just a few percent north of RB then I can see the concern when the price difference here is 5 digits. --Jerry
I have a number of PCGS graded Lincolns, none of which have turned in the holders, and all but a couple of them have been holdered for at least a year.
60 years into this hobby and I'm still working on my Lincoln set!
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>So would they still compensate for the decrease in grade, but not the decrease in color??? >>
Interesting question, indeed. I am glad you brought it up.
That is, under the old policy, if a beautiful original red $250K 67R coin became a beautiful 67RB but 50K coin, that was a BIG liability. That liability is greatly diminished under the new policy.
As a result, the indian princess, for example, is alot more likey now to upgrade than previously.
I always found interesting what QDB has stated many times: "Most early Lincolns that are full red are doctored".
Mr. Bowers reiterates this several times in different books.
The story of the same early Lincoln's going from RB to RD after a good Doctor worked'em is a great one.
100 year old copper is not supposed to be full RD. The premiums for these have been too high for too long.
My Collection of Old Holders
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<< <i>That's all well and good. But what's the copper lining in the silver policy?
"1922 NO D, with a 64RD and a 65RB. I told him they both looked the same to me. He agreed. I told him so many of his doubles looked like they could upgrade. Response: "PCGS is afraid of me!!!". I knew what he meant. Upgrading and increasing the value of some of these to boost the guarantee clause, gives PCGS a headache when Stewart is walking near their booths!!! "
<< <i>Well, that is an interesting but different question which is oblique to what I was thinking.
That is, under the old policy, if a beautiful original red $250K 67R coin became a beautiful 67RB but 50K coin, that was a BIG liability. That liability is greatly diminished under the new policy.
As a result, the indian princess, for example, is alot more likey now to upgrade than previously. >>
<< <i>I've suspected for a long time that some high end copper has been undergraded simply because of the potential liability to PCGS.
Now, for instance, Blay's 1877 "Indian Princess" can be put in the 67R holder it properly deserves!
I think this is true. PCGS can now grade coins for what they are rather than the potential liability they may present.
Knowledge is the enemy of fear