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PCGS, Population Higher?

 
 
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New Member
United States
37 Posts
 Posted 10/04/2018  7:23 pm Show Profile   Bookmark this topic Add SawtoothJack to your friends list Get a Link to this Message
I was looking at the PCGS set registry, and noticed the two different population categories. Population and population higher. What's the difference?




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Pillar of the Community
Canada
2539 Posts
 Posted 10/04/2018  7:27 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
in your example, ms64 there are 88,052 of them, and in higher grades ms 65, ms66, ms67 etc.. there are 21,782
Bedrock of the Community
United States
12617 Posts
 Posted 10/04/2018  7:29 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Higher means the ones graded higher than your grade. It's almost always inflated and just a ballpark
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1532 Posts
 Posted 10/04/2018  8:22 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
I'm with Silverwolf -- it's a count of coins in grades higher than this one, but it includes only those graded by PCGS. It's an accurate count lifted from their own statistics. Note, though, that it does not include ungraded coins or coins graded only by other TPGs, and it does not consider that some coins are cracked and resubmitted hoping for a higher grade.
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
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United States
2181 Posts
 Posted 10/04/2018  10:15 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
resubmits throw the numbers off.

KK
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United States
37 Posts
 Posted 10/05/2018  08:07 am  Show Profile   Bookmark this reply Add SawtoothJack to your friends list Get a Link to this Reply
Wouldn't it be in a collector's best interest to mail in the card from the slab with their resubmits, and help keep the population lower and more accurate?
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United States
1532 Posts
 Posted 10/05/2018  11:48 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
If the coin gets a higher grade, it's "better" (note the quotes) to keep the lower population artificially inflated so the higher grade looks better by comparison. And if the earlier card is present on a resubmission, that grade could influence the grader, making a higher evaluation less likely.
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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United States
15956 Posts
 Posted 10/06/2018  08:50 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
It's an accurate count lifted from their own statistics.

It is accurate as to how many they have graded, but it is not accurate as to that being that many individual coins. Some may be resubmissions and some of them are no longer in those holders. So it doesn't mean that there are actually that many still in existence.
Gary Schmidt
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Australia
700 Posts
 Posted 10/06/2018  11:55 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
Is it accurate to how many they have graded? What about coins that they have graded but then canceled the certification? Even though the cert number shows as invalid it is still a coin that they have graded.
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United States
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 Posted 10/06/2018  12:54 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply

Quote:
It is accurate as to how many they have graded, but it is not accurate as to that being that many individual coins. Some may be resubmissions and some of them are no longer in those holders. So it doesn't mean that there are actually that many still in existence.

That's what the last part of my earlier post means. If you look at their population report for each grade, "population higher" is the sum of the populations of all of the higher grades. That's what I meant by "It's an accurate count lifted from their own statistics." They can't know what happens to the coins after they slab them.
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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