Secure PLUS will not change how the finest collections are assembled

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Bear
Bear Posts: 18,953 ✭✭✭
in U.S. Coin Forum
It will change how the average duffer collects. To signify those coins

in the top 15% OF THEIR GRADE, is something the really good dealers

and specialists have long done and now, it will be designated for the

mid range collectors to consider. Sure, it will cost more money, but quality

has always cost more money.Now, you will no longer have to guess, you will

know what PCGS thinks about the coin. For the few PLUS coins we have

seen so far, they look dog gone nice to me.


In the long run, the PLUS coins , will have the best rates of return
for the patient collector.Excuse me now, while I finish my glass of
KOOL-AID.image
There once was a place called
Camelotimage

Comments

  • notwilight
    notwilight Posts: 12,864 ✭✭✭
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    It won't affect average duffers. It is supposed to make it easier to put finest collections together. --Jerry
  • RYK
    RYK Posts: 35,801 ✭✭✭✭✭
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    Perhaps not, but the finest collections will be in Secure Plus holders.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • Longacre
    Longacre Posts: 16,717 ✭✭✭
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    << <i>Perhaps not, but the finest collections will be in Secure Plus holders. >>





    I agree. The finest collections almost have no choice but to Secure Plus their collections.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • MidLifeCrisis
    MidLifeCrisis Posts: 10,617 ✭✭✭✭✭
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    Maybe not...but it might change how I assemble my collection.
  • Bear
    Bear Posts: 18,953 ✭✭✭
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    There you have it, the Maven have spoken.

    "So let it be written,
    so let it be done".
    There once was a place called
    Camelotimage
  • ColonialCoinUnion
    ColonialCoinUnion Posts: 10,087 ✭✭✭
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    << <i>Secure PLUS will not change how the finest collections are assembled >>



    I think you are wrong - at least in some series.



    << <i>Maybe not...but it might change how I assemble my collection. >>



    The new program doesn't include colonials (at least not yet), so if it changes how you assemble your own collection, that would mean going in a new direction?
    Coin Rarities Online
  • JCMhouston
    JCMhouston Posts: 5,306 ✭✭✭
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    I don't think it will affect average collectors at all, most of us average folks aren't going to spend the additional money to get something reslabbed when we are happy with it as is. As for the finest collections? There are some pretty nice collections in NGC holders, and there are some pretty nice collections in no holders.

    I think you could narrow it down and say the finest PCGS slabbed collections will be in secure plus holders.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • MidLifeCrisis
    MidLifeCrisis Posts: 10,617 ✭✭✭✭✭
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    << <i>

    << <i>Maybe not...but it might change how I assemble my collection. >>



    The new program doesn't include colonials (at least not yet), so if it changes how you assemble your own collection, that would mean going in a new direction? >>


    No...no plans to go in a new direction. I'm just optimistic that the program will include colonials eventually.
  • keets
    keets Posts: 25,351 ✭✭✭✭✭
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    what i think it will eventually affect is how many of us buy raw coins.
  • DonWillis
    DonWillis Posts: 961 ✭✭✭
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    The new program doesn't include colonials

    I have no idea why people think that PCGS Secure Plus applies to some coin series and not others. But this is not the first time I've read that misconception.

    We have never said that. What we have said is that Secure Plus applies to Service Levels. Sevice Levels - like Express and above. Not coin series.

    You can send any coin of any series through Secure Plus via the Express Service level. Or via a Reholder for that matter.

  • MidLifeCrisis
    MidLifeCrisis Posts: 10,617 ✭✭✭✭✭
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    Thanks for clearing that up Don. Good to know!
  • Waltz
    Waltz Posts: 86
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    I think that the new plus designation will have a limited impact on most registry sets. I'm 4th in the Indian Proof Cent registry and I have four or five coins I think stand a good chance to get a plus designation. I won't send in the majority of my coins to the Secure Plus, only the likely ones to upgrade to the plus level. I applaud PCGS and do beleive this will reduce gradeflation and better establish prices for higher end coins for their grade.
  • roadrunner
    roadrunner Posts: 28,374 ✭✭✭✭✭
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    People will continue to get PQ prices for their PCGS PQ coins at auctions, regardless if attributed or not. The dealers will pay for them figuring the coins will get the secure-plus attribution.

    I agree. The finest collections almost have no choice but to Secure Plus their collections.

    Do you think Eliasberg, Pittman, Norweb, James Stack, and others really could have cared about secure-plusing their collections if auctioned off today? No. They still would have been sold off raw because that would still fetch them more money.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 1TwoBits
    1TwoBits Posts: 469 ✭✭✭✭
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    I think it may change how some collectors think when assembling their collections, but it won't entirely change how they act. Maybe a little, maybe not at all.

    With regards to the comment that the finest collections will be in Secure Plus holders....

    I don't think Warren Miller is readying his complete collection of bust dollars by variety for submission to PCGS for Secure Plus holders. Finest collections will always be finest collections regardless of what holders the coins are in.

    1TwoBits
    Searching for bust quarters.....counterstamps, errors, and AU-MS varieties, please let me know if you can help.
  • Bear
    Bear Posts: 18,953 ✭✭✭
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    As for the classic raw collections if sold today, I believe most auction houses
    would recommend ,that they be graded by one of the two top TPGs.
    There once was a place called
    Camelotimage
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    << <i>Now, you will no longer have to guess, you will

    know what PCGS thinks about the coin. For the few PLUS coins we have

    seen so far, they look dog gone nice to me.


    In the long run, the PLUS coins , will have the best rates of return
    for the patient collector.Excuse me now, while I finish my glass of
    KOOL-AID.image >>


    image
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......

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