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How Do You Get PCGS To Recognise A Die Variety? World Coins

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Pillar of the Community

Australia
852 Posts
 Posted 01/26/2014  06:15 am Show Profile   Bookmark this topic Add nealeffendi to your friends list Get a Link to this Message Number of Subscribers
I collect Australian pennies and PCGS does not yet identify between the English and Indian obverses. A lot of collectors (myself included) want to get our raw coins slabbed with the variety listed. So how does one go about requesting (pressuring?) them to meet customer demand.
I've dozens of raw coins just waiting to be slabbed and I'm willing to pay them the extra 30+ bucks to get the proper attribution.
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Sap's Avatar
Australia
16817 Posts
 Posted 01/26/2014  08:09 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
As I understand it, the TPGs work off reference books. If it's in Krause, they'll attribute it. If it's in any of a dozen or more other reference books, they'll attribute it. I do not know if they have any official guidebook for Australian varieties and if they do, I do not know which book that might be.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Sap's Avatar
Australia
16817 Posts
 Posted 01/26/2014  08:19 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Ah. Found the PCGS List of Recognized Varieties they'll allow you to pay a US$24 premium to attribute. Bad news is, they're all American varieties. I can't see any mention of world varieties on the PCGS schedule of services, so I doubt they do any foreign varieties, nor have plans to expand into them anytime soon.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Valued Member
Canada
129 Posts
 Posted 01/26/2014  09:08 am  Show Profile   Bookmark this reply Add uchihadesendent to your friends list Get a Link to this Reply
I don't know but you can contact them and see
Pillar of the Community
Australia
852 Posts
 Posted 01/26/2014  11:18 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
I already knew that they so far only do (some) US varieties. With slabbing taking off here in OZ maybe they will start to notice our coins a bit more. The scarce die pairs are the valuable coins that would provide them thousands of extra coins to slab (at $60 a pop)
Have to be a squeaky wheel/ burr under the saddle blanket to get them to notice the problem.
Krause absolutely sucks at non US coins. They don't just miss varieties they miss whole years, attribute coins to the wrong mints etc.
McDonalds and Renniks are not much better, so that really leaves no catalogue for PCGS to use as a reference book.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/26/2014  12:33 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
McDonalds and Renniks are not much better, so that really leaves no catalogue for PCGS to use as a reference book.


That's going to be a problem; PCGS is really risk-averse, and will want an authoritative source for them to get wrong in their attributions.
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basebal21's Avatar
13014 Posts
 Posted 01/26/2014  4:09 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
So how does one go about requesting (pressuring?) them to meet customer demand.


Their websites for world coins are a lot less definitive for what varieties they do and dont do. If check their population report it should show if theyve labeled any varieties for those.

Like mentioned though they generally do like to have a widely accepted reference book when doing those. But the bigger question would be does the variety have an impact on the value? If the values are the same theyre a lot less inclined to add them, but if there is a significant difference you would have a lot better chance of getting them to add it.

Its a lame answer but your best bet will be to call them and see if they do it and if not if there was someone you could talk to about it. If you know anyone else that wants it get them to do the same. The more people that ask for it the more likely they would be to do it.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 01/26/2014  5:25 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:

That's going to be a problem; PCGS is really risk-averse, and will want an authoritative source for them to get wrong in their attributions.


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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/26/2014  5:51 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Wondered when somebody was going to catch that.
Pillar of the Community
Australia
852 Posts
 Posted 01/26/2014  8:44 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
Hi all, thanks for responses.
basebal21- the value difference of the varieties is huge.
For example a XF40 1931 dropped 1 penny is worth under $50, but with the Indian obverse they sell for over $5,000. An AU 1920 Dot Above is worth under $100, but with the English obverse it is worth over $10,000. I have both of those coins waiting to be slabbed.
SsuperDdave- for the 1920 penny and most of the scarce die pairs I'm the leading authoritative source My passion for the varieties is the reason I want them to take their place.
These varieties are not minor defects but different master dies used to prepare the hubs and as subtly different as Type 1 and Type 2 Standing Liberty quarters or mount and line type Buffalo nickels.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/26/2014  9:08 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I will tell you this much, nealeffendi - you're on the right side of history here. The TPG's have pretty much exhausted the ore upon which they built their empires, that being collectible American coinage. Classic US issues will always trickle in, but they're no longer the cash cow which they once were. Now, TPG's are surviving on Home Shopping Network sillyslabs with "Label of the Week" designations.

Don't sell that short - the shopping networks sell huge amounts of coins - but the public is fickle and if they turn their attention to the next iteration of Beanie Babies (and away from coins), the bottom will drop out. The TPG's know this. NGC has very quietly been ramping up their World issue presence, hiring graders and who knows what in the background.

They're coming your way, nealeffendi. You represent a vast untapped market for them, and once they decide you're profitable you will be shocked at how fast they'll be ready to exploit the market. I think your best bet is not to involve the TPG's in what you're doing, but to concentrate upon building a system perceived as reliable to your demographic - the collectors who wish to own the varieties. Do that, and the TPG's will come to you. And you can plan on the TPG Plan for World Dominance to begin in Australia, as you guys are very committed collectors who will spend the money once you perceive value in slabbing.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/26/2014  9:18 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I wonder if they will ever set up a varieties data base for ancients?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/27/2014  1:43 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I wonder if they will ever set up a varieties data base for ancients?


It'll come. The stopper is not necessarily the availability of information - scholars like nealeffendi abound across all genres of numismatics - but the collation of that information in one place, and more importantly the availability of people who concentrate knowledge in one place who are available to become graders/authenticators/attributors, is pretty problematic. That situation is greatly exacerbated with World/Ancient issues because of the sheer volume of information; it's possible to concentrate US coinage knowledge in just a few people, but World/Ancient coinage will need multiple, dedicated specialists. Germany alone (for instance) amounts to dozens of Mints and hundreds of years of history. Soemone specialized there would be useless for Chinese issues (plan on that subspecialty being a high priority).

Accommodating World and Ancient coinage is a task that dwarfs anything the TPG's have ever done. They'll do it, but between the difficulty in finding enough specialists (ANACS is the acknowledged go-to place among Morgan enthusiasts because of only one man) and the economic pressures caused by the exhaustion of the original raw material source, I don't see the current TPG structure surviving into the future. I'm certain that one or the other of NGC and PCGS will not exist ten years hence. There just isn't enough talent to go around. Successful attribution, although teachable, seems to involve inherent skills that not all people have.

My money is on NGC being the survivor.
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basebal21's Avatar
13014 Posts
 Posted 01/27/2014  5:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
My money is on NGC being the survivor.


Id put mine on PCGS being the publicly traded company theirs more insights into what their profit margins actually are instead of taking their word for it. They do also have the added advantage of their bill and memorabilia divisions. Its true sports collectables are down in the dumps right now but that could pick up again. I dont have anything against NGC, just from a business side PCGS seems to have more things going for it at this point in terms of ability to raise capital.

I do think there may be a day where there is just one or even where they just merge together but I think were a ways away from that being necessary. Theres still a lot of US stuff in the hands of people opposed to TPGs that will pass down at some point and likely end up passing through when of their grading floors and then theres the modern submissions ect.

Aside from that though like you mentioned the world market is MASSIVE. It very well could end up being say PCGS is the go to for Asia and Europe, but South America and Ancients are NGC or something along those line. Possibly even more specific going country by country.

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