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MorganNoob
Pillar Of The Community
USA
533 Posts |
 Posted 11/14/2008 6:30 pm
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I just got this in my email from PCGS...
"No more body bags! PCGS is introducing a major change in its grading process, effective for submissions received after December 1, 2008. Coins that would have previously been no-graded and returned in a body bag will now be placed in a regular PCGS holder and labeled simply "Genuine." Of course this applies only to coins that have been verified to be authentic. PCGS is dropping its Genuine-only service level. Now coins can be holdered in Genuine holders regardless of the service level for which they are submitted. Variety and attribution services will be provided for Genuine coins. For example, if you submit a number of Early Half Dollars with the Overton variety requested, your coins (assuming they are authentic) will be holdered with the Overton variety and grade or with the Overton variety and Genuine (see the PCGS website for a description of grading standards at www.pcgs.com/grades.chtml. This service will also apply to crossovers, so all your coins can now be in PCGS holders."
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1sikevo
Pillar Of The Community
USA
1130 Posts |
Posted 11/14/2008 6:40 pm
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"Crack !"
That's the sound of me taking some of my problem coins out of the ANACS holder and submitting them to PCGS.
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ShadowCreator
Pillar Of The Community
USA
1936 Posts |
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bmanofnbc
Pillar Of The Community
USA
914 Posts |
Posted 11/14/2008 8:35 pm
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I think this will initially bring a lot more coins to PCGS for grading but in the long run it may hurt the re-sale value of PCGS slabbed coins.
Part of the reason people buy PCGS slabbed coins for a premium price is becuse they appear to be more selective in what they are willing to slab.
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bherring1964
Pillar Of The Community
USA
1443 Posts |
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BadThad
Pillar Of The Community
USA
3969 Posts |
Posted 11/14/2008 11:17 pm
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About time! It's only fair really, they still make you pay for a bodybag.
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TreasHunt
Pillar Of The Community
USA
1458 Posts |
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KurtS
Pillar Of The Community
5316 Posts |
Posted 11/15/2008 10:14 am
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Wow...I'm guessing they needed to encourage more submissions.
If PCGS leads, NGC might follow.
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Jim1953
Pillar Of The Community
USA
1990 Posts |
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AuldFartte
Pillar Of The Community
USA
830 Posts |
Posted 11/15/2008 12:48 pm
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Methinks all that is is a plastic body bag 
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 EAC #5082 |
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Bryan1315
Moderator
USA
6807 Posts |
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coindexter
Pillar Of The Community
United States
734 Posts |
Posted 11/15/2008 2:20 pm
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I agree with Bryan1315. It's better then a blank bag.
Here is a quote from CCCS(Canadian coins) same type of deal
Coins warranting negative comments such as "Cleaned, Scratch, Edge or Rim Nick, Polished and Damaged, etc. will not be put in Hard Holders but will instead be graded and encapsulated in our Soft Holder for the same price. The majority of companies using Hard Holders return these coins uncertified in a "Body Bag" and keep the price paid. As an alternative, CCCS will still certify these coins but use the Soft Holder format. Please ensure that coins sent for Hard Holder certification are problem free as no amount will be returned
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 My 1953 trails coin on Trail dies web site. |
Edited by coindexter - 11/15/2008 2:22 pm |
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jbuck
Moderator
USA
5786 Posts |
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900fine
New Member
United States
1 Posts |
Posted 11/23/2008 9:50 pm
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"If PCGS leads, NGC might follow."
NGC has been offering a similar service for a long time via their brother company NCS. Submit a questionable coin to NCS; if it's bad, they slab as genuine and optionally give a details grade. If it's good, they just re-route it to NGC for a real slab.
Smart marketing; they put some space between the good name of NGC and slabbed problem coins. They're the only TPG to do so.
First post ! Hi, everybody !
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KurtS
Pillar Of The Community
5316 Posts |
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vermontensium
Pillar Of The Community
USA
3493 Posts |
Posted 12/15/2008 11:35 pm
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I've got an 1886-S LSD with corrosion in an ANACS holder AU details. On it's way to PCGS.
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900fine!