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 Replies: 20 / Views: 4,701 |
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Pillar of the Community
 United States
1839 Posts |
Quote:
That could be one announcement...what is the other? I'm thinking they plan to reveal that Alec Baldwin is really the great, great, great grandson of our 13th president, Millard Fillmore.  |
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Pillar of the Community
United States
2543 Posts |
I will bet they are going to tout themselves as the only official graders of the Saddle Hill Hoard.
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Pillar of the Community
United States
627 Posts |
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Bedrock of the Community
United States
17884 Posts |
So now they can tell if a coin is a 70 even inside a plastic holder without actually seeing the coin in hand.
They say if they don't make 70 they will return them in the original unopened holder. What happens if they think it's a 70, crack the holder, and discover it isn't? They can't return it in the unopened holder, so do they just go ahead and slab it as a 70 anyway since they can't return it as per policy?
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Bedrock of the Community
United States
10982 Posts |
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They say if they don't make 70 they will return them in the original unopened holder. What happens if they think it's a 70, crack the holder, and discover it isn't? They can't return it in the unopened holder, so do they just go ahead and slab it as a 70 anyway since they can't return it as per policy? If, after cracking out a coin they thought was a 70, they find out it is not then they have 2 options: 1. Go ahead and slab the non-70 as a 70 or, 2. Holder it as a 69 and reimburse the owner the value difference. |
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Pillar of the Community
United States
627 Posts |
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If, after cracking out a coin they thought was a 70, they find out it is not then they have 2 options:
1. Go ahead and slab the non-70 as a 70 or,
2. Holder it as a 69 and reimburse the owner the value difference.
Neither of those two choices is what they say they will do. Putting a coin in a 70 holder even though it is a clear non-70 (whatever that means) degrades their brand image. Holdering it as a 69 and reimbursing the owner is not what they have said they will contractually do. They say they will return it in the original unopened holder. |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Neither of those two choices is what they say they will do. Putting a coin in a 70 holder even though it is a clear non-70 (whatever that means) degrades their brand image. Holdering it as a 69 and reimbursing the owner is not what they have said they will contractually do. They say they will return it in the original unopened holder. I understand. The question was, "What if they discover it is not a 70 after they crack it out?" At that point there are only two options. |
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Pillar of the Community
United States
2543 Posts |
They will not crack it out to grade it. If there is any question whatsoever, they will not even attempt to grade it. They will label it "......holder damaged, not able to give an accurate grade. Please remove from holder and resubmit."
You know that will be the majority of the coins wishing to cross to a 70.
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Pillar of the Community
United States
1554 Posts |
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Bedrock of the Community
13014 Posts |
The cross over rates for 70s arent going to be that good. If theres the slightest doubt its not going to cross. The ones where its really worth trying from a financial standpoint has an minuscule 70 population. Theres not going to be a lot of those getting approved as a cross in the first place for it to be a wide spread issue.
If it does theyll probably make an offer to buy it back and give the submitter a few options for what they want to do.
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Pillar of the Community
Sweden
729 Posts |
waaay off topic, but:
I first reacted to the misspelling of "peace of mind"...
Then, being a dorky Iron Maiden fan,I realized my primary reference to that frase is from their 1983 album "Piece of Mind"
UP THE IRONS!
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Pillar of the Community
United States
5641 Posts |
" "It is an important move for PCGS in Asia. We made this policy change because many collectors and dealers have told us they want peace of mind by having the best grade from the world's best grading company," explained Mr. Willis. " "The World's best Grading Company"!!!!! I believe the day is near that this statement will not be as factual as Today.... Actually, From where I am seated, the day is here!!  |
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Pillar of the Community
United States
627 Posts |
So their two "big" announcements were:
1) They will now accept cross-over coins graded as PR70 or MS70 for consideration at a minimum grade of 70 at PCGS.
2) They have certified their 50 millionth collectible. Not coins, just collectibles. Of that number, around 29 million are coins.
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Can someone explain to me how these are "big" announcements? Sort of anti-climactic IMO.
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Pillar of the Community
Canada
4944 Posts |
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Sort of anti-climactic IMO.  |
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Pillar of the Community
United States
2311 Posts |
I believe that if you send a Modern proof coin and a TPG damaged it, they would just buy a new proof one to replace it. You wouldn't know the difference. |
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Posted 02/26/2014 08:48 am
