Was coin grading broken?
STONE
Posts: 15,275 ✭
"Don't fix what isn't broken"
I feel that this announcement will have a negative effect on the mainstream of coin collectors, and maybe PCGS. PCGS is a respected name in professional coin grading and encapsulation, but they should not be changing a long standing and well-adjusted grading system. Collectors will always have the final say as to their opinion of a coin, and PCGS has really just re-affirmed themselves as a company of opinions.
I feel that the average collector does not submit coins, and grades his/her own coins on 2x2's or similar method. This new "+" may catch on to the these collectors, but I feel it will be abused. But in the end, I don't think the average collector will like this change. Experienced collectors know what a coin grades, and whether it is strong or weak for a grade. By having PCGS give an extra 'grade' opinion on a coin, this is most likely to backfire more than add to their credibility (JMHO)
Thoughts, opinions?
(Edited for clarity)
I feel that this announcement will have a negative effect on the mainstream of coin collectors, and maybe PCGS. PCGS is a respected name in professional coin grading and encapsulation, but they should not be changing a long standing and well-adjusted grading system. Collectors will always have the final say as to their opinion of a coin, and PCGS has really just re-affirmed themselves as a company of opinions.
I feel that the average collector does not submit coins, and grades his/her own coins on 2x2's or similar method. This new "+" may catch on to the these collectors, but I feel it will be abused. But in the end, I don't think the average collector will like this change. Experienced collectors know what a coin grades, and whether it is strong or weak for a grade. By having PCGS give an extra 'grade' opinion on a coin, this is most likely to backfire more than add to their credibility (JMHO)
Thoughts, opinions?
(Edited for clarity)
0
Comments
but my PQ can beat up your PQ...
hasn't PCGS always been "of opinions?"
and isn't PCGS supposed to be "Experienced" a la "Experienced collectors know what a coin grades, and whether it is strong or weak for a grade" ?
and even the grading system can be abused, not just PQ.
I wonder if the average collector who does not submit coins will care that much... other than knowing they now need to find PQ coins and to put PQ in the auctions. However, I'd think the average collector also already looks for stuff they think "looks good" for the grade... perhaps now (or not) they learn a bit better about what looks good for the grade.
47.5
51.5
54.5
56.5
59
62.5
63.5
64.5
65.5
66.5
67.5
68.5
This will make guess the grade threads more exciting.
45.5
50.5
53.5
55.5
58.5
62.5
63.5
64.5
65.5
66.5
67.5
68.5
69.5
<< <i>I believe that the new grades we have are:
45.5
50.5
53.5
55.5
58.5
62.5
63.5
64.5
65.5
66.5
67.5
68.5
69.5 >>
69s are not eligible. If the MS + grades are half steps, why are the circ grade half steps not so?
and 65.85
Personally it has no effect on my collecting of mid grade circulated Walkers and Half Cents. If you're holding a lot of common looking 65's you might get hit but this market was tanking before the big one. Coin grading wasn't broken it was CrACked and PCGS did some fixing.
Yogi Berra
<< <i>If the MS + grades are half steps, why are the circ grade half steps not so?
true true
much more scientific...
but as I type this I can't help but Longacre.... Since, there is no AU59 nor a AU58.5, wouldn't a "+" mean simply a high quality AU58?
Best,
Eric
<< <i>I feel that the average collector does not submit coins, and grades his/her own coins on 2x2's or similar method. This new "+" may catch on to the these collectors, but I feel it will be abused. >>
It's already pretty well abused - go to any show and see "+" marks all over most of the 2x2s,
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I agree with Stone.
This doesn't help me in any way shape or form, nor is it what I needed. I don't know of any colelctor who even asked let alone demanded this product. To me this plus is a negative, a negative mark on the hobby. >>
Just because you did not ask for it and do not feel that you need it, it does not follow that it is not good for others or for the hobby.
BTW, many of the folks here said the same about the CAC at its inception and are now among its biggest supporters.
Ed. S.
(EJS)
<< <i>
<< <i>I believe that the new grades we have are:
45.5
50.5
53.5
55.5
58.5
62.5
63.5
64.5
65.5
66.5
67.5
68.5
69.5 >>
69s are not eligible. If the MS + grades are half steps, why are the circ grade half steps not so?
oh no!!! and just when I thought I was done with my 1908-S IHC Grading Set!!!!!!!!
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>
<< <i>
<< <i>I agree with Stone.
This doesn't help me in any way shape or form, nor is it what I needed. I don't know of any colelctor who even asked let alone demanded this product. To me this plus is a negative, a negative mark on the hobby. >>
Just because you did not ask for it and do not feel that you need it, it does not follow that it is not good for others or for the hobby.
BTW, many of the folks here said the same about the CAC at its inception and are now among its biggest supporters. >>
I only remember a few that thought the cac wasn't needed. I thought the CAC service was needed and was asked for as opposed to the subject at hand. I consider the two completely different even though it seems similar. >>
OMG, you have a very short memory. The outcry against the CAC was of Tea Party proportions.
<< <i>"Don't fix what isn't broken" >>
So you think rampant gradeflation and coin doctoring weren't a problem?
MS 65 + / < MS 66
MS70 - 4 X(1)
E=MS+1
<< <i>
<< <i>"Don't fix what isn't broken" >>
So you think rampant gradeflation and coin doctoring weren't a problem? >>
Ahh, touche'. Yes, they were and are a problem, but not one that needed to be corrected by creating a new grading system.
Just a system that needed more consistency. I like the idea of identifying previously submitted coins, but there's still problems with it, problems that still can't be completely solved
We will see how many koolaid drinkers there are with how well (or not) pcgs does with this money-making scheme.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>"Don't fix what isn't broken" >>
So you think rampant gradeflation and coin doctoring weren't a problem? >>
So you think does much to solve it?
I do believe that will do it up nicely.
Camelot
I think its kind of cool that after 20 years of screwing around, PCGS has come up with a new way to mess around.