When will PCGS realize that all slabbed coins will require an online picture for verification?
ecichlid
Posts: 1,212 ✭✭✭
When will PCGS realize that all slabbed coins will require an online picture for verification?
I think it's going to be about two years. I think that it will take that long for submissions to start to drop. Thai is because premiums will have started to fall for slabbed coins that do not have online pictures for verification. Too many fake slabs will eventually make all current slabs as useful as a flip. If you need to trust the seller, there will be no point for a slab.
Once PCGS makes this change, all will be good.
I think it's going to be about two years. I think that it will take that long for submissions to start to drop. Thai is because premiums will have started to fall for slabbed coins that do not have online pictures for verification. Too many fake slabs will eventually make all current slabs as useful as a flip. If you need to trust the seller, there will be no point for a slab.
Once PCGS makes this change, all will be good.
There is no "AT" or "NT". We only have "market acceptable" or "not market acceptable.
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...this would help in other ways too. like for example, a coin that some collectors may wonder if a spot or toning
was indeed on the coin BEFORE it was slabbed OR did a change happen to the coin AFTER the coin was slabbed.
i think that would be a welcome service appreciated by many.
<< <i>...this would help in other ways too. like for example, a coin that some collectors may wonder if a spot or toning
was indeed on the coin BEFORE it was slabbed OR did a change happen to the coin AFTER the coin was slabbed.
i think that would be a welcome service appreciated by many.
Good points!
<< <i>...this would help in other ways too. like for example, a coin that some collectors may wonder if a spot or toning
was indeed on the coin BEFORE it was slabbed OR did a change happen to the coin AFTER the coin was slabbed.
i think that would be a welcome service appreciated by many.
I think that might be part of the reason they aren't doing it yet... that and they wouldn't be able to charge 'extra' for TrueView anymore. Have to be built into the price.
<< <i>When will PCGS realize that all slabbed coins will require an online picture for verification? >>
Soon, I hope. This would be huge, from every angle, for collectors. Sure, it's an added burden for PCGS but it will promote business too. I would pay a little more for this service and I think others would too. And many more coins would be submitted for slabbing.
Lance.
...i believe it's already happening ATS.
Stay tuned....
Lance.
<< <i>We will be making some annoucements at our Registry luncheon at the FUN show in January.
Stay tuned.... >>
The man has an uncanny way of appearing in PCGS related threads!!!!!
<< <i>What about the millions of coins that they've already graded ? >>
Well you get them reslabbed silly goose!
<< <i>
<< <i>We will be making some annoucements at our Registry luncheon at the FUN show in January.
Stay tuned.... >>
The man has an uncanny way of appearing in PCGS related threads!!!!!
That's odd, isn't it? He doesn't appear in nearly as many ICG, ANACS or NGC related threads.
<< <i>We will be making some annoucements at our Registry luncheon at the FUN show in January.
Stay tuned.... >>
<< <i>
<< <i>...this would help in other ways too. like for example, a coin that some collectors may wonder if a spot or toning
was indeed on the coin BEFORE it was slabbed OR did a change happen to the coin AFTER the coin was slabbed.
i think that would be a welcome service appreciated by many.
I think that might be part of the reason they aren't doing it yet... that and they wouldn't be able to charge 'extra' for TrueView anymore. Have to be built into the price. >>
However, why should PCGS lavish as much photographic attention on a $35 common date ms63 Morgan as they would on a $35K ms65 coin? Makes no sense and would make it uneconomical to even think about submitting such coins.
<< <i> Once PCGS makes this change, all will be good. >>
Really? Ok Mr Answers. What about the millions of coins already in slabs w/o pictures?
--Jerry
<< <i>
<< <i> Once PCGS makes this change, all will be good. >>
Really? Ok Mr Answers. What about the millions of coins already in slabs w/o pictures?
--Jerry >>
Mr. Questions, I think you are missing the point. The premiums are current slabs without photo verification will lose their premium in the marketplace, as those slabs are counterfeited well and with more frequency.
<< <i>If the announcement is indeed photographic records, then I think there will be a lot of disappointment in the automated photographs. The photographs ATS are pretty weak when it comes to detail. I think some are expecting free true views. --Jerry >>
Anything of value has a cost.
<< <i>However, why should PCGS lavish as much photographic attention on a $35 common date ms63 Morgan as they would on a $35K ms65 coin? Makes no sense and would make it uneconomical to even think about submitting such coins. >>
I imagine that if you don't want to pay, then the coin is not worth slabbing.
<< <i>If the announcement is indeed photographic records, then I think there will be a lot of disappointment in the automated photographs. The photographs ATS are pretty weak when it comes to detail. I think some are expecting free true views. --Jerry >>
The ones ATS are weak, but an 800 pixel square high-quality scan (i.e. not a photograph) would be just fine for identification, IMO, and quite cheap to produce and store (at about 250kB/coin). Think scanner and "slab feeder" and assembly line.
It's a 64 in case you wondered.
<< <i>Here's a couple examples of photos from ATS. I own this coin. Photos of this quality are fine with me!
It's a 64 in case you wondered.
Is it my monitor or does that look blurred to you?
That is a lousy pic.
Sorry, just my opinion.
bob
<< <i>Of course, photos of that caliber will do nothing to eliminate the fraud. >>
Exactly. Sure it's blurred. It's blown up and cropped from the images provided ATS. It's a decent image for what it is - free insurance.
<< <i>
<< <i>Of course, photos of that caliber will do nothing to eliminate the fraud. >>
Exactly. Sure it's blurred. It's blown up and cropped from the images provided ATS. It's a decent image for what it is - free insurance. >>
There is nothing free, every submission fee has a cost and includes the services they provide. Better pictures will add more value. If inexpensive is what you want, my guess is PCGS will have a solution for you.
<< <i>Here's a couple examples of photos from ATS. I own this coin. Photos of this quality are fine with me!
It's a 64 in case you wondered.
On a gold coin I say this photo is useless. I don't see a single hit or identifying detail. Any counterfeit would not be identifyiable by that photo.
On toned coins a blurry low res photo might work to confirm the real coin is toned and the fake isn't. That's about the limits of a system like this.
Still, nobody can address the millions of coins already out there, already in heritage archives where photos can be stolen, already holdered without a photo. Reholder? PCGS would love to do millions or reholders but collectors wouldn't. --Jerry
Velocity, Not Valuation Defines A Bubble.
<< <i>What's to stop the scammer from using PCGS's photo? >>
Of course they could use the PCGS pictures. That doesn't make a scam artist's job any easier. There are plenty of pictures available on websites like Heritage's already.
If you want to purchase a coin by a picture only, just ask them to take one and then compare it to the PCGS online photo database. This is not foolproof by any means, but it does help in many cases. Of course, purchaing a coin from a stranger without seeing the coin in person will always have risk!
If you are viewing the coin in person, you can always use a smart mobile device to look up the picture on the PCGS online photo database. This would ensure a safe transaction.
An online picture database is not a solution to scammers and their prey. But without it, there is no future for third party slabs. They would become obsolete.
<< <i>What's to stop the scammer from using PCGS's photo? >>
Sure they could.
-----------------------------------
Another note: The images of my quarter eagle are toward the low end of the size spectrum you know (18mm). If you look at larger coins, anything quarter dollar size and up, you get much more detail.
Just a thought..........
<< <i>
<< <i>What's to stop the scammer from using PCGS's photo? >>
Sure they could. >>
My personal favorites are the scammers/sellers that use the PCGS true-view as a generic coin photo and then say you'll get one just like this. It may not match the photo, or even the date, and it may not even be genuine, but it will at least resemble the size and design.
Empty Nest Collection
<< <i>I think TrueViews will likely become part of the standard submission service in the near future, but not without an increase in the grading fee. It's a good idea. >>
Nope. They won't force us to pay for that. And I don't think they want to hire a staff of photographers.
--Jerry
<< <i>When will PCGS realize that all slabbed coins will require an online picture for verification?
I think it's going to be about two years. I think that it will take that long for submissions to start to drop. Thai is because premiums will have started to fall for slabbed coins that do not have online pictures for verification. Too many fake slabs will eventually make all current slabs as useful as a flip. If you need to trust the seller, there will be no point for a slab.
Once PCGS makes this change, all will be good. >>
Ugh!
I guess this means that every PCGS slabbed coin I own, rattlers and doilies included, will have to get "regraded" or the prices will drop in a couple of years?
Makes PERFECT sense.
To the CL stock holders,
The name is LEE!
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.
<< <i>This is a very good topic for discussion and debate. I would like to see various options offered during submission but I frown upon it being required. >>
...having a choice would indeed be great.
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