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 Replies: 36 / Views: 4,368 |
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Pillar of the Community
United States
2541 Posts |
The computer will get tired of working for "the man" and start a war between PCGS, NGC and ANACS and they will destroy each other with nukes. In the apocolyptic coin grading future, only basement slabbers and chop shop slabbers will remain.
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Valued Member
India
229 Posts |
i am from the future and strangely my history never mentioned the war?
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Valued Member
United States
149 Posts |
100 Point scale? They don't even utilize the 70 point scale now
Let's see... 1,2,3,4,6,8,10,12,15,20,25,30,35,40,45,50,53,55,58,60-70.
That's 30 numbers they use... why not make it a 30 point scale instead?
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Pillar of the Community
United States
1523 Posts |
The scale that is used now is supposed to be a 70 point scale but you're right,they seem to overlook many numbers in between the ones they favor.
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Bedrock of the Community
United States
19966 Posts |
Quote:
They don't even utilize the 70 point scale now
Let's see... 1,2,3,4,6,8,10,12,15,20,25,30,35,40,45,50,53,55,58,60-70.
That's 30 numbers they use... why not make it a 30 point scale instead?
I've always wondered and I've heard some explantions/justifications....but I still don't like it either. If the numbers are there, use them. |
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Valued Member
United States
149 Posts |
I just don't understand how Good has 2, Fine has 2, VF has 4, EF/XF has 2, AU has 4, MS has 11. If EF/XF had 4 as well, I'd be cool with it. I mean AU uses 50, 53, 55, 58. But XF with the same range, only using 40 and 45....? Reminds me of the scoring of Tennis.  |
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Valued Member
India
229 Posts |
grading is value driven thats why it has more numbers at the top. for example usually the difference between a 67 to 68 is more than 35 over a 45.
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Valued Member
United States
149 Posts |
I do agree MS needs to be that high... but the consistency through the rest of them is lacking.
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Moderator
 United States
16679 Posts |
I can also see a new slab design. I really like the current PCGS slabs. I have a suspicion with all the Chinese counterfeiting going on, there will be new security features in place as well. What, I don't know.
With the advent of an extremely sophisticated grading program, and as Super pointed out, scanning a coins surface with a powerful program and very expensive lens, I can see this as only being beneficial to the numismatic community.
I would not get rid of human graders. I would use them for the eye appeal factor should they use a star system, as well as the integrity of the slab before leaving PCGS. Their salaries I imagine will drop significantly.
swcoin.ecrater.com
Edited by vermontensium
03/17/2010 12:49 am
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Pillar of the Community
United States
1882 Posts |
Counterfeit coins (and slabs) being the great risk that it is...2 ideas.
The not-so-new-idea: FREE photograph of every graded coin, with online serial number verification that shows the photo.
Have any of you seen those holograms where you hold a colored lens over it and something else appears? They are used on golf clubs now, because they are counterfeited. The grading company could make it so a second serial number appears in the hologram. On the verification website, you'd have to enter both serial numbers to find out what coin (with photo) goes with it. If you enter 2 numbers that don't match, the website would not give up any information.
These 2 stops wouldn't stop the creation of counterfeit slabs completely, but it would take a lot more work for them to copy a specific coin and slab.
Another idea would be an RFID transmitter inside the slab, but I don't know how that would help the average Joe verify a slab.
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Rest in Peace
United States
2668 Posts |
They are going to introduce self-slabs that automatically grade the coin or token locked into it, simply by plugging the slab into your computer and accessing their on-line grader. If it's counterfeit your IP will be noted and you will be.....
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Pillar of the Community
 United States
1534 Posts |
Wow, you can't even access the PCGS site right now. Go to the PCGS site at 10:00 to hear the announcement.
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Pillar of the Community
United Kingdom
2838 Posts |
Well - just watched the videos on the PCGS site and read the info on this announcement.
The 'big one' is PCGS 'Secure Plus'. A new holder and label, an electronic fingerprint/photo of the coin and the addition of a '+' in the grade if the coin is on the higher side of the scale.
The bullet points are:
More precise and consistent grading.
Improved detection of altered coins.
Less chance of "gradeflation".
More likely recovery if a Secure Plus coin is ever lost or stolen.
Increased value of high-end coins within each grade.
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Pillar of the Community
United Kingdom
2838 Posts |
The way they hyped it up I thought it would be something more interesting / ground-braking. Quote:
More precise and consistent grading. I dont see how this applies - I cant see anything in the announcement that would lead to it? The same issues still apply. Quote:
Improved detection of altered coins. Dont know the full details of how they will laser-scan the coins but they say they can tell if a coin has been graded in the past then altered and sent for a regrade. What I dont understand is if a coin has been 'altered' in some way, eg toning how can the computer tell its the same coin? If it has a large distinguishing feature on it like a scratch then maybe. Maybe someone can explain more about how it works but I cant see how this is fool-proof. Quote:
Less chance of "gradeflation". Just like point No 1 I dont see how this applies - I cant see anything in the announcement that would lead to it? The same issues still apply. Quote:
More likely recovery if a Secure Plus coin is ever lost or stolen. This is the one I find the most mis-leading. They claim to be able to 'recover' lost or stolen coins. Do they intend to confiscate coins that their system flags up as having seen before? What if their system gets it wrong? Can they legally hold a coin - I doubt it? Even if the coin was stolen it could never be compared to the original (itself) and I cant see their opinion being used by police/courts to settle any claim. Quote:
Increased value of high-end coins within each grade. This is true with the '+' designation but considering they publish the value of the grades of course it is going to be true. One problem with this is that the value (in real terms) of all the coins that dont get the '+' grade will have to go down. This includes coins graded prior the '+' being introduced. They claim that this is not the case but you cant inflate the value and desirability of the '+' coins without reducing the non '+' ones - its simple economics! They did mention two other things. An improved security slab and a 'harder to counterfeit' label. Both good ideas but hardly anything new, if people are prepared to fake a coin then faking new holders and labels are straightforward in comparison. I would bet the new holders are made in China anyway so being where most counterfeit coins are made I cant see that doing anything - the fakers will just pick them up on the black market. One thing I couldn't find was if the price for the new service is higher? I'm guessing it is but not sure so cant comment. Maybe if they had called it the 'little one' it wouldn't have been such a let down! In one of the videos I watched they were blatantly plugging re-grades as a way of upping the value of your coins. They said that one guy had 20 coins re-graded and 6 became '+' coins so he was 'very pleased' as their values jumped significantly. Of course they also got paid for 20 re-grades in the process! This in a market that has gone up hugely in the last few years seems dangerous to me. You cant just inflate prices like that without the risk of bursting the bubble completely! Edited by bobbyhelmet
03/26/2010 03:56 am
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Previously Banned Member
United States
71 Posts |
Bumping this thread for new discussion..
Everyone is aware that the only way (for now) a stolen coin will be found is if it is resubmitted as raw into the secure plus program? I want to crack a secure plus out and submit it under the secure plus program and see what happens.
What I don't understand in this day and age is why laser recognition and identification of coins isn't a well oiled machine amongst the grading companies. I mean you can buy fingerprint recognition for a couple of hundred bucks. Iris ID for a couple of thousand.
Also there seems to be some confusion that when submitting a coin to secure plus doesn't mean that it will necessarily get a + designation although there is a high incidence of this occurring?
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Replies: 36 / Views: 4,368 |
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Posted 03/15/2010 12:52 pm
