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PCGS And CAC : Strange Bedfellows

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Pillar of the Community
Darth Morgan's Avatar
United States
2815 Posts
 Posted 01/12/2020  10:08 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply

Quote:
they are mostly grading to the nearest whole grade and ignoring the halfway mark.

Wait. So are you saying that the "+" designation represents a midpoint between two grades? If so, I must tell you that this is incorrect. The + represents a coin that just missed the next grade up- a 66+ is almost a 67.
Pillar of the Community
Australia
852 Posts
 Posted 01/12/2020  5:09 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
It's halfway on the registry grade (for points) but higher (top 30% according to PCGS advertising) than that mathematically. I personally would have no problems if the + grade was the top 10%, 5% or 1% of the grade as long as they advertise as such and stick to it. Inconsistency in grading and keeping to the standards that they advertise are 2 of the areas TPGs should work on all the time to improve.
Pillar of the Community
acloco's Avatar
United States
3540 Posts
 Posted 01/12/2020  5:19 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
CAC alleviates SOME of the subjectivity of coin grading. How much is "some", varies as well.

BUT, CAC could be considered a niche service....and maybe not.


Pose this question to each and every collector:

If you were purchasing a $100K coin, do you trust yourself to agree with the TPG that this example is correctly graded?
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 01/13/2020  1:59 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
And of course some coins have nicer eye appeal than coins that graded higher, but when the higher grade coin has more and bigger contact marks than coins of lower grade then you have to wonder how they missed those faults.


They didn't miss them, they're just more to a grade than contact marks. It's very easy for something to grade higher with more marks when it's superior overall. Why should an ugly dull coin grade higher than a blazing gem just because if has a couple extra marks in the field? Surface condition/preservation/luster is probably the most weighted aspect in higher grades, but strike, eye appeal, wear/rub, I'm probably forgetting something at this point too but all these are factors in a grade.


Quote:
t's halfway on the registry grade (for points) but higher (top 30% according to PCGS advertising) than that mathematically. I personally would have no problems if the + grade was the top 10%, 5% or 1% of the grade as long as they advertise as such and stick to it.


They state ""Plus Grades" exhibit exceptional eye appeal for the grade and constitute the top 30% of the coins in the grade."

https://www.PCGS.com/grades/

Now the website isn't always completely accurate, but the key words for plus grades for PCGS are "exhibit exceptional eye appeal". Simply being at the top of the grade isn't enough to get a +


Quote:
If you were purchasing a $100K coin, do you trust yourself to agree with the TPG that this example is correctly graded?


Something not stickering doesn't automatically mean it was graded wrong. CAC has the luxury of being able to just deal in the premium examples while the TPGs have to grade whatever comes to them which of course means countless accurately graded things that won't sticker.

That said I think the question is even simpler than that in your example in that it is simply "why wouldn't you want CAC" for coins that value.
Valued Member
crok's Avatar
Australia
73 Posts
 Posted 04/10/2020  12:28 pm  Show Profile   Bookmark this reply Add crok to your friends list Get a Link to this Reply
Seriously , the grading companies are their to make money ; just as LEGO is their to make money , they just use different vehicles to do it.

Sure they might have started out to clean up the industry and for other noble reasons, but no they proudly claim " we
have graded 35 million that is MILLION coins over the years!

So these companies opened in the mid 80's? ; who thinks slabbed coins became the norm in the first five years ?

So reality sets in to realise that to grade over 30 MiLLiON coins in around 35 years years , then those professional graders are taking coins home at night outside of work hours LoL ;)

I am not sure how much a professional grader gets paid to look at 750 to over 1,ooo coins per day , maybe they work through their lunch breaks :(

Remember each coin is seen by at least 2 or 3 graders so no matter the original motivation for getting into coin grading, today it is about mass production !

It will always be in the TPG's favour to under-grade since they know that coin will be resubmitted,but if the grade is questionable then enter stage right the CAC services . . .

If the grading companies were serious about doing a decent grading job consistently , they would simply refuse to grade any coin under a 500 market value to lower submission levels.

And I think we all know that will happen the day after our Sun goes supernova!

Regards , always remember human nature is about opinions;
the best sports teams,the best political party,the best form of government, what grade is this coin etc.

Now we can argue over the best TPG's services :)
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