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 Replies: 1,581 / Views: 148,712 |
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New Member
United States
35 Posts |
I think it's a bit hypocritical for people to complain that the COA encapsulation/# on the slab is meaningless, yet are perfectly fine sending in a modern coin for grading. Why send in a modern coin for grading? Because you believe grading it will increase it's value (whether or not it is justified is decided by the market). I think at the end of the day the market will decide whether or not encapsulating the COA and putting a # on slab is worthwhile.
But let me ask you this, if someone is buying a modern graded coin, they clearly value the grading of a modern coin. Now if this person is presented with a slabbed coin, or is presented with a slabbed coin + encapsulated COA + # on slab, which one would they choose? You may argue it is meaningless, but the buyer who is paying the $2k+ for this will decide that, not you.
If people don't want it, you will see the encapsulated COA/and COA # on coin Slab at the same price as the non-encapsulated. I suppose we will find out.
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Pillar of the Community
United States
669 Posts |
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I honestly am very surprised that people have a desire for COA certification given that they are not actually analyzed to determine if they are genuine. Why not certify the blue box, velvet clamshell and clear plastic capsule too? Only reason I did it was the lottery ticket chance it was one of the 100 autographed. If I could've sent it in knowing whether it had a desirable CoA or not, I would've done that and skipped the CoA knowing it's not 1-100. |
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Bedrock of the Community
13014 Posts |
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Do you have to sign for registered mail? You're supposed to have to. Quote:
Does everybody remove all of the OGP before they ship them to PCGS? The majority of coins get submitted in flips without it though I generally just send the ogp for new stuff if it isn't to big. Quote:
After the grading process there really shouldn't be a need for a COA other than for collecting the OGP. It's as simple as because people want it, has nothing to do with having the COA for authentication. Quote:
If I could've sent it in knowing whether it had a desirable CoA or not, I would've done that and skipped the CoA knowing it's not 1-100. I would have done it either way as enough people want both that you will eliminate a lot of buyers without it. |
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Pillar of the Community
United States
5619 Posts |
Just a quick question, Did Anyone here buy a 19XE " unopened " original Mint's package after the product became unavailable at the Mint, on line at the ebay site. I am wondering IF those that did so, If any, If they had any problems with the " unopened " part ? |
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Pillar of the Community
United States
1913 Posts |
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I think it's a bit hypocritical for people to complain that the COA encapsulation/# on the slab is meaningless, yet are perfectly fine sending in a modern coin for grading. Why send in a modern coin for grading? Because you believe grading it will increase it's value (whether or not it is justified is decided by the market). I think at the end of the day the market will decide whether or not encapsulating the COA and putting a # on slab is worthwhile. For the record and just in case your comment was sent in my direction, I do not send in modern coins for grading. The only ASE that I have that is graded is a 1995-W proof ASE. It's a PF-69 (that could pass for a 70 in my opinion, definitely looks better than several 70's I saw) and I would have actually been happier buying the same coin raw. However, all of the raw 1995-W proofs ASE's that I found were low grade. Quote:
But let me ask you this, if someone is buying a modern graded coin, they clearly value the grading of a modern coin. Now if this person is presented with a slabbed coin, or is presented with a slabbed coin + encapsulated COA + # on slab, which one would they choose? You may argue it is meaningless, but the buyer who is paying the $2k+ for this will decide that, not you. I'm not disagreeing that people may pay more for it. They likely will. The market has shown that. However, I still think it's meaningless given that the COA's are not actually analyzed to determine if they're genuine. Plus, certifying a certificate of authenticity just seems silly. Given that the number doesn't mean anything as far as the mintage order goes, why not certify all the COA's that come with modern coins? I do believe that the 3rd party grading services often provide a valuable service. I just don't think this is certifying newly minted modern coins and COA's is one of them. I'd rather spend my money on coins instead of the opinions of others. Of course this is just my opinion. Collecting is about having fun, so definitely do it in the manner that brings you the most joy. |
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Valued Member
United States
165 Posts |
Does PCGS pop report show how many COA have been signed by Mint Director David Parker? NGC does not currently identify the COA signed by Parker. They do identify a lot of other label signers. What is the reason that Label signers are identified, but COA signer is not? Apparently the ebay market is putting a much higher premium on Parker's COA signature than the Label signers yet the grading companies are ignoring this important special situation...? |
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Bedrock of the Community
13014 Posts |
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I am wondering IF those that did so, If any, If they had any problems with the " unopened " part ? It's definitely an issue with some, just like some of the old "sealed" mint/proof sets have been resealed. Quote:
However, I still think it's meaningless given that the COA's are not actually analyzed to determine if they're genuine. You keep saying that, but they don't put anything in their holders unless it's real. Quote:
Plus, certifying a certificate of authenticity just seems silly. Given that the number doesn't mean anything as far as the mintage order goes, why not certify all the COA's that come with modern coins? They very likely will expand it going forward. People have been asking for the COA numbers on numbered products to be included on the label for years as many foreign mints number them. Quote:
What is the reason that Label signers are identified, but COA signer is not? They show when it's a different label as the different labels are often exclusive to a certain submitter. The signed COA doesn't necessarily have a different label to be broken off into a different pop section. |
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New Member
United States
35 Posts |
Bret, my post was not directed specifically at you, but at numerous members here who have consistently joked about the COA encapsulation. Yeah I get it, it is silly, but this is an evolving hobby, and it is after-all a capitalistic society we live in. PCGS wants to increase their profits, and they are creating the demand where it did not exist before, and people are willing to pay for it. So while we can debate the need of encapsulating the COA, many "collectors" are really just people trying to merge their love of coin collecting with their love to "invest" in something. So for me personally, I may not agree with the need to encapsulate the COA, but I can also see the value that such a thing will give my coin in future resale value, and for that reason I welcome it.
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Pillar of the Community
United States
1913 Posts |
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You keep saying that, but they don't put anything in their holders unless it's real. And to determine if it's real, what do they do beyond checking to see if it arrived in a mint sealed box? Examining a box is not examining the COA. BTW, I can't imagine someone would fake a COA by itself. I can imagine that someone might fake a COA and forge a signature and COA# given how much the signed ones are going for. I'm hoping they actually are having someone authenticate the signature. Edited by Bret
12/16/2019 8:45 pm
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Pillar of the Community
United States
1255 Posts |
PCGS said they would call me back today. I waited over 8 hours and with no call back so I called them again. The CS rep. tells me there isn't any issues with my order and it was delivered today. So I had to explain all my issues about being overcharged $90 and COAs slabbed when not requested all over again. The CS rep. said he would have to talk to his manager about my issues. After about a 10 minutes or so wait he comes back on and says they will credit me $60 and I can keep the COA slabs. He said I could make more money on my coins with the COA slabs. I told him I was overcharged $90 and you will only refund me $60 and that I should have to $30 for PCGS's mistake. He kind of half laughs not knowing what to say and then asks me to hold again while he talks to his manager again for another 5 minutes. He finally returns to tell me they will now credit me the full $90 and I don't have to ship my COAs back to them to break out of encapsulation. They said it could take up to 15 days for me to see the credit. At least I don't have to spend my time printing out labels and shipping two pieces of paper across the nation to be busted out of plastic and then sent back to me.
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Pillar of the Community
United States
1044 Posts |
Teach- good to hear they'll be refunding you fully. Whenever a company messes up they should own up to it and make it right. Plain and simple. Still can't believe it takes that long to get credited.
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Pillar of the Community
United States
1044 Posts |
So had to pick mine up from the PO since I wasn't home to sign for it. Rewarded with a pf70 but struck out on the elusive signed COA. At #4209 I was nine digits away from having a semi-cool COA number. I actually forgot I had two of the Delaware RP AI dollars coming back to me as well. Initially when I called NGC to see how this would be handled they told me I would be charged an additional shipping charge but they didn't. The only extra fee was for the COA encapsulation. Really like the trolley label. Glad I went with it.
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Valued Member
United States
165 Posts |
@ Teach - sorry to read about you difficulties with PCGS, BUT...
I have been checking to see how my submission has been progressing every few hours for over a month. I know NGC, and I believe PCGS both break out the COA on the 2019-S as a separate line item, because they charge their customers for each line item. NGC Also charges my credit card Before they begin to grade my submission, and they also sent me an email invoice with each line item identified, so the only way that your issue could possible occurs is if you never checked your submission online before the processing was complete.
Guess the lesson to be learned is that you do need to check your submission on line and clear up misunderstandings before your submission is finalized and returned to you.
Looks like you scored a big time win against PCGS, my hats off to PCGS for taking the high road!
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Pillar of the Community
United States
1026 Posts |
It seems to me that prices are coming down. A good indication are always actual auctions rather than buy-it-nows. Also, some two weeks ago there were only 600ish listings, now we're almost at 850. The market is being flooded with graded coins right now as a lot of people want some ROI. Let's see where this coin stands in February...
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Pillar of the Community
United States
1044 Posts |
Yup, I imagine once the Christmas holiday passes, prolly looking at 70's going below $2k and 69's around $1k.
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Posted 12/16/2019 1:19 pm
