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Pillar of the Community
United States
1424 Posts |
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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Bedrock of the Community
United States
10982 Posts |
Quote:
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.
I think this is only partly true. PCGS is known as the toughest of the "Big 4" TPG. Slabbing coins simply as "GENUINE" shouldn't hurt the value of their regular slabs with assigned grades. That being said, I do agree that the volume of coins that will now (or could now) be in PCGS slabs might dilute their value slightly. Overall: It's a great idea. |
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Bedrock of the Community
United States
19963 Posts |
About time! It's only fair really, they still make you pay for a bodybag.
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Pillar of the Community
United States
2540 Posts |
Agreed that it is about time.
At least now you get a 'Genuine' for the fee, better than before.
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Pillar of the Community
United States
5318 Posts |
Wow...I'm guessing they needed to encourage more submissions.
If PCGS leads, NGC might follow.
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Pillar of the Community
United States
2600 Posts |
I know my 1846 Seated Lib dime is going back. I agree that this is long over due.
Jim
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Pillar of the Community
United States
830 Posts |
Methinks all that is is a plastic body bag  |
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Bedrock of the Community
United States
14454 Posts |
Quote:
Methinks all that is is a plastic body bag well, high valued coins (even if it has problems) are copied and that is why ANACS gets so much business, its not for the grades they put on the slab its to prove the coin is genuine to the buyer so in a slab that just says genuine is all thats really needed to prove that fact. And about NGC following suit, I don't think that will happen because then they would have to do away with NCS's part of slabbing problem coins and I just don't think that will ever happen |
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Pillar of the Community
United States
869 Posts |
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
Edited by coindexter
11/15/2008 2:22 pm
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Moderator
 United States
188952 Posts |
I think it is a good idea and applaud their offering this service.  IMHO, the only benefit any TPG slab gives is its authentication of the coin. I give no value whatsoever to the grade since I use my own opinion when buying. Also, I would just crack it out anyway, so any added monetary value would be lost at that point!  |
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New Member
United States
1 Posts |
"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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Pillar of the Community
United States
5318 Posts |
 900fine! |
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Moderator
United States
16679 Posts |
I've got an 1886-S LSD with corrosion in an ANACS holder AU details. On it's way to PCGS.
swcoin.ecrater.com
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Pillar of the Community
Canada
1554 Posts |
 In my profession the term "BODY BAG" is used at a homicide, sudden or accident scene! Kind of funny to hear it being used to slab in coins in...........................LOL.  Glenn |
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Rest in Peace
United States
9104 Posts |
The whole point of slobbing coins was to make them like stock. Didn't matter the color of the stock certificate, they're all worth the same. Any MS63 was worth as much as any other (the sight unseen or "no-peeky" price). The first thing people found out was that the no-peeky MS63 is only a MS62+, which is why bluesheeet prices are 20% lower than greysheet prices for properly graded coins.
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Posted 11/14/2008 9:39 pm
