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PCGS Must Be Desperate . Hmm ?

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Pillar of the Community
United States
6590 Posts
 Posted 08/11/2020  10:13 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:


Quote:


For the audacity to take submitters money to grade and slab this Lincoln .


I dont think it should be PCGS's responsibility to determine what should or should not be graded, I'm pretty sure people send in near worthless coins all the time. For example, if someone were to come on this forum with an obviously damaged coin thinking it were an error, and submitting it to PCGS anyway desbite out advice, I have no problem with PCGS taking their money and sending the coin back designated as damaged.


Agreed - PCGS shoukld not be the ones to determine which coins should be graded. But they should have a common sense of decency and business character so that when an obvious piece of junk is sent to them, they will not slab and will not charge.

And there are tons of cheap slabbed coins b/c the way the marketers of these companies work, there are so many people willing to gamble that the opinion the company gives will come back high enough to make a great profit for the owner when sold. Of course a lot of people never really are aware that you can break out a coin, resubmit it to the same company, and are never guaranteed the coin will receive the same grade it had! If more people were aware of this, I think the companies would lose a lot of their business/reputation b/c the masses presently seem to think these companies are THE last word in coins. Otherwise this forum would not always remind people to Buy the coin and not the slab!
- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Prosp long and liver.
Edited by Earle42
08/11/2020 10:14 pm
Pillar of the Community
Canada
3638 Posts
 Posted 08/12/2020  05:23 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
A bigger question is why was the seller originally asking $120 for something that books for less than a $1? Because of the perceived wonderful toning?

Given the mystique around grading, I am not at all surprised that it was sent in for grading. Here in CCF people are always asking "should I have it graded", or see that "some" wheat cents have sold for $1,000.
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