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Valued Member
United States
218 Posts |
to PCGS. Mostly I'm hoping for ND's opinion, but everyone else is welcome to add theirs too. I am interested in knowing what the people who know how to grade well and regularly submit coins to PCGS think about PCGS's new "Pesidential Review 'policy'". You can read about what I'm talking about here: http:// (046) Not Allowed - Auto-Removed &threadid=396799 I'm not so interested in what you all think about Mr. Hall's actions or his motivations (as that has been discussed ad nauseum elsewhere), but I'm more interested in your opinions about the premise of the policy. Basically, has PCGS tightened their grading standards? This guy obviously thinks so: http:// (046) Not Allowed - Auto-Removed &threadid=395335 but he also has an agenda (to try to make money on these coins). ND, you have talked in the past about playing the slabbing/breakout "game", so I'm just wondering if you agree with this guy or if he was just dreaming about his coins. Thanks, CJD P.S. I don't submit coins to any TPG, but I found this topic interesting and figured this would be a good way to get an informed opinion or 2. |
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Pillar of the Community
United States
2724 Posts |
PCGS has been slowly tightening their grades since loosing the ANA and PNG endorsements. There have been a few quiet discussions between dealers on this topic for about a year now. Here are David Hall's comments on the CU board. Is it possible some of these coins were undergraded?: Yes
Is it possible some of these coins were overgraded?: Yes
Is there any way to tell without physically looking at the coins: No
Does PCGS have a Presidential Review service where you can get coins re-examined by me personally and have me be your champion in the grading room if I agree with you: Yes
Number of coins that I would change in Presidential Review if I thought the coins were undergraded and could get at least two graders to agree with me: All of themNow I have a few issues with the statement made. First, while Mr. Hall is certainly well versed enough to grade coins, his opinion within the halls of PCGS should not carry enough weight to change the minds of all the graders. It has been stated many times that the graders DO NOT KNOW who is submitting coins. Well folks, as you have just read Mr. Hall is willing (if he believes) to move your coins up by as much as two grades. PCGS is the undoubted leader in the hobby. They have the best marketing people working for them, and they are one of the best grading companies. I still believe that NGC has more consistant grades overall. Now do I believe that all this guys coins were undergraded? Absolutely not. PCGS may be off on occasion but not with this large of a single submission. Certainly not off two and three points. Too often collectors "think" that they can grade. They look at their coins with rose colored glasses on, and do not take into consideration the planchet and strike. They only look at the coin to spot marks. |
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Valued Member
 United States
218 Posts |
Thank you, that answered my question.
As a follow-up, when buying PCGS slabbed coins, how does one tell the date that a coin was slabbed? This is important since say a modern coin slabbed 2 years ago could be in a slab that says "MS 67" and if it were resubmitted now it would grade MS 66.
Also, this presumably works the other way too. Have there been times in the past when standards at PCGS (or NGC, ANACS, or ICG) were "tighter" than they are now? If so, when?
Thanks for your help!
Chris
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Pillar of the Community
United States
2724 Posts |
There really is no way to tell in the modern slabs. As they have changed their slabs mutliple times, if you pick an older slab, your odds of it upgrading are pretty good.
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Rest in Peace
United States
2884 Posts |
At least we can comment on TPG'S without the fear off getting tossed off the forum! I know it's their privately owned forum, but I think they could have a little thicker skin in light of the objectivity involved in coin grading, and what they let go on in other threads. The P.R. review is almost a publicity stunt, at least the way it comes off in that thread. If you need to over ride 1 in 20 coins I think it's time to look for some new help. Mike Edited by Mike
05/24/2005 2:52 pm
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Pillar of the Community
United States
2724 Posts |
Susan allows us to discuss many topics without fear of being edited, as long as we remain civil adults.
I can understand why CU puts some limits on the talk. If you visit some of the other forums, you have seen many people who are just plain angry and spouting words to see where they fall. Intelligent conversation should be allowed, but as we all know, it is easy for "some" to make the topics personal and just plain make up stupid things about companies just for the sake of it.
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Forum Mom
 United States
5877 Posts |
I would like to take this opportunity to commend our members on being able to discuss controversial subjects in an adult manner. Because I believe that everyone is entitled to their opinion and a place to express it, I avoid deleting and editing posts. I don't believe in censorship. As long as all discussions remain "family friendly" (as I want this to be a resource for the very young collectors also), I say discuss all you want. It's all part of the education that I want this forum to provide.  |
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Valued Member
United States
146 Posts |
David Hall was pretty fierce
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Posted 05/23/2005 6:05 pm
