Why did PCGS stop Designation Reviews?

bushmaster8 · February 8, 2011 1:55AM

I know it has been several years now, but I never saw a satisfactory explanation.

The need still exists, as each month I find a few FBL Franklins that are in PCGS holders sans the FBL designation, that I feel are truly deserving.

coinguy1 · February 8, 2011 1:58AM

<< <i>I know it has been several years now, but I never saw a satisfactory explanation.

The need still exists, as each month I find a few FBL Franklins that are in PCGS holders sans the FBL designation, that I feel are truly deserving. >>

Don't they still do it, but now treat is as a regular re-grade and charge the full re-grade (rather than the lower designation review) price?

bushmaster8 · February 8, 2011 2:45AM

Yes, but the DR option was faster turn-around-time, and more importantly, cheaper ($10).

The good thing about the way you must go about it now (regrade) is that the graders are not influenced by lack of designation on the slab being examined, because regrades get cracked out before going back to the graders.

With the old DR, there was always the possibility that ego would come into play, because the graders would in essence be admiting that they flubbed it the first time around. (Assuming the particular designation was available at the time the initial, non-designated grade was assigned.)

RWB · February 8, 2011 2:51AM

Over time it had become increasingly difficult for everyone to spit-shine their black shoes, polish the brass buttons and everything else that was needed, then wait in the hot sun before their Designations could be reviewed.

Over a year ago, one of the graders locked his knees while standing at attention and ended up flat on his face. The reviewers were very inconvenienced by having to step over the carcass.

Now, “Designation Reviews” only occur on special days. The last one was when Popeyes’ had an 8-piece chicken special for $6.99.

LindeDad · February 8, 2011 2:53AM

Maybe they were losing money with the increase in costs over time and said enough. Or it also could of been a work stopper if it was a different flow than the normal flow of the coins threw the process.

Russ · February 8, 2011 2:55AM

It was a great option that I used many times. I'm sure it was a money loser for them, though.

Russ, NCNE

dbcoin · February 8, 2011 3:03AM

<< <i>It was a great option that I used many times. I'm sure it was a money loser for them, though.

Russ, NCNE >>

Being a public company and all, you have to answer to shareholders. If it's losing money, get rid of it.

Why did PCGS stop Designation Reviews?

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