1869 Half For Grading - Page 2 - Coin Community Forum

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Author	Replies: 23 / Views: 2,648	Page: of 2

sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/05/2018 4:54 pm What is happening with PCGS these days? RGG* I also think AU55 is the correct grading for this coin. No luster suggests a light cleaning at some time in the past, but long since acquiring a nice re patination. A really desirable coin, anyway. *Random Grade Generator. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/05/2018 5:30 pm Quote: What is happening with PCGS these days? Sometime around Novermberish they went crazy ultra conservative with their grading for some reason. Not sure if the new CEO had anything to do with it but they've been tight since then. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 03/05/2018 10:19 pm There is the possibility that the older gradings may have damaged the PCGS reputation somewhat. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/05/2018 10:27 pm Quote: There is the possibility that the older gradings may have damaged the PCGS reputation somewhat. Naw, this is hurting them more than anything else. It's just annoying people and they're going to start using others if it keeps up, but the more telling part is NGC did it as well around the same time just not to the same extent. It really seems like someone convinced the TPGs to experiment with really conservative grading Report this Post to the Staff
MikeF Pillar of the Community United States 3479 Posts	Posted 03/05/2018 10:52 pm Well it sounds like now is a good time to be buying recently graded coins. And you were correct on this one, Baseball. It graded au-50 Report this Post to the Staff
Debrajc Pillar of the Community United States 4211 Posts	Posted 03/05/2018 11:33 pm It's a nice one Mike! Report this Post to the Staff
Heymikep Pillar of the Community United States 824 Posts	Posted 03/06/2018 09:40 am Basebal21, Maybe it was CAC that worked out a deal with the TPG's? If the TPG's grade really conservative then a person would think that they would have a better chance of a green bean (or possible a gold bean). CAC would get more business from the general public (and auction houses) and then the coin value would go up to make it worth while. It's a win-win for everyone, for a while. The problem is after the market is flooded with beans, they would then lose value! Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/07/2018 7:48 pm Quote: Basebal21, Maybe it was CAC that worked out a deal with the TPG's? If the TPG's grade really conservative then a person would think that they would have a better chance of a green bean (or possible a gold bean). CAC would get more business from the general public (and auction houses) and then the coin value would go up to make it worth while. It's a win-win for everyone, for a while. The problem is after the market is flooded with beans, they would then lose value! It's definitely not some back room deal with CAC. CAC is trying to discourage submissions to them at the moment with their two price increases to lower their work load. CAC also makes their money buying and selling coins not stickering them. It may be as simple as one of them tried it and the others noticed and followed along. Report this Post to the Staff
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