Results Of 24 Lincoln Submissions To PCGS, Next Round Will Be With The Help Of Forum - Page 2

To participate in the forum you must log in or register.

Author	Replies: 22 / Views: 1,786	Page: of 2

grospoisson Pillar of the Community United States 984 Posts	Posted 02/04/2022 8:12 pm Quote: on't expect solid and verifiable results from a business that outright claims what they do is subjective. The companies themselves call coin grading an art! The grade assigned a coin can easily change if that coin is broken out and resubmitted even to the same company. People in our modern and scientific society just assume grading companies use verifiable scientific standards. But the companies do nothing verifiable. This fact keeps the profitable re-slabbing game alive for the companies. What about the PCGS guarantee? Study it with an open mind. Very careful wording is used to basically say two things: 1. They will make it good if they slab a fake coin as being real - this is legit. 2. If you think the grade they assigned was too high and don't want that high of a grade (think about that one for a minute...) a. They will downgrade the coin for you, or b. They will buy the coin from you for what they call "market value..." ...wait for the next shoe... Further in the guarantee's text PCGS defines "market value" to be PCGS's own discretion on what they think a dealer would pay for the coin - not actual market value the way collectors' typically think of it when that term is used. In other words you would be better off selling that slab you question (would you really question it?) on the market yourself instead of accepting their offer. BTW... the last scenario of selling the coin to PCGS also means PCGS could make even more profit by selling the slab you returned at the higher price suggested by the slab the coin is currently in. No evidence says whether PCGS does this or not. Since it was only the former owner's opinion the grade was to high, does PCGS go against their own graders' judgement, break the coin out, downgrade and re-slab it, and then sell the slab for less than they could have? We don't know. Ho I am so new to this that I haven't broached the subject for fear of being laughed at(I guess) . I also have other curious questions. Right now, I am playing by their rules. Ms-67 seems to be the magic number for most coins value wise. I am enjoying it and many members are helping me along. When I become more experienced, I will revisit the subject. Everything you posted. When I read the statments from PCGS that you posted , I had those exact thoughts. Right now I am trying to learn as much as I can about grading and it's costing me but I feel I am coming along. On my lower graded coins, I am finding my mistakes so that's a plus. Any way you slice it the submission game is usually a losing game. I just like to play. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 02/04/2022 8:23 pm Like Don Quixote, you pursue a goal unseen to most of us. Report this Post to the Staff
Petespockets55 Pillar of the Community United States 5787 Posts	Posted 02/04/2022 8:53 pm Congrats on your submission and the grades. That 1974S MS67 almost paid for the whole group. I'd say you are way ahead if for no other reason than the enjoyment it brings you. Words of encouragement are one of the major food groups. We need to consume them regularly to thrive and grow. Report this Post to the Staff
shantiom Pillar of the Community United States 522 Posts	Posted 02/04/2022 11:22 pm Stick with what you enjoy. I love Lincolns. I also have a perspective. I have the good fortune of working with a reputable rare coin dealer. He has a lot coins. He has shown me coins that demonstrate what is a 65, 66, 67...in Morgans, Nickels, Cents, etc. This has helped my roll hunting. You can get good if you see coins of a grade you want in person. Important thing when I send coins is a great light source (I use a 100W incandescent bulb), a 7x to 10X loupe--my current favorite is a german one--its expensive as hell, but it has saved me from buying coins with blemishes. Then I take a photo with my I phone, nicks you may have missed will show up. See them and you know the coin is 66 tops--the room for nicks, poor strikes, and white spots to be forgiven is small. If you have the money, buy UNC rolls from a reputable seller. Report this Post to the Staff
grospoisson Pillar of the Community United States 984 Posts	Posted 02/05/2022 08:08 am Quote: You can get good if you see coins of a grade you want in person. Important thing when I send coins is a great light source (I use a 100W incandescent bulb), a 7x to 10X loupe--my current favorite is a german one--its expensive as hell, but it has saved me from buying coins with blemishes. Then I take a photo with my I phone, nicks you may have missed will show up. See them and you know the coin is 66 tops--the room for nicks, poor strikes, and white spots to be forgiven is small. If you have the money, buy UNC rolls from a reputable seller. My most recent approach has eliminated all but a handful of coins out of the thousands I look through Report this Post to the Staff Go to Top of Page Page: 2 of 2 Really really good sound advice. I have settled on a German made coinscope. I really see things I miss with loupe. I have learned that the scope also misses a lot of things, thats where a loupe comes in handy( not as powerful). After that I now take a picture with camera. Each has it's advantages and downfalls. Of course, I look with the naked eye for luster. I then try to find mistakes I missed with each device and look to see what it looks like with each device. Sometimes a camera nick is not a nick at all but the angle and I think's that's true of each device I use. Lighting and angle really matter. One of my biggest issues right now is determining PMD and actual marks from dies. This takes a bit of time. It also makes me wonder how a grader can determine all that in the 30 seconds he looks at a coin. PCGS photos from their website cause me more confusion then actual help. For any of you that have played the submission game or currently playing the game please weigh in on whether my approach seems about right?. Forum members have offered much appreciated help but sometimes I need to hear it again and again. I pray my helpful members continue to weigh in. Like Shrek, I am on a quest. Expensive or not I am enjoying the journey. You can't put a price on the excitement and rush I feel when I think I have found a good coin. Last thing I am purchasing rolls from someone reputable and not ebay. Most rolls have not seen the light of day since they were wrapped. I really appreciated your input. Thanks. Edited by grospoisson 02/05/2022 08:11 am Report this Post to the Staff
Earle42 Bedrock of the Community United States 10047 Posts	Posted 02/05/2022 6:32 pm Quote: Any way you slice it the submission game is usually a losing game. I just like to play. And that is what a hobby is all about - enjoyment! How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halves https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 Report this Post to the Staff
BadThad Bedrock of the Community United States 19969 Posts	Posted 02/05/2022 6:58 pm Quote: I have the good fortune of working with a reputable rare coin dealer. CONGRATS! I too have had a LCS mentor - been about 10 years now. However, he hates memorial cents, usually just has rolls or slabbed varieties. Typical for us memorial freaks. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
	Replies: 22 / Views: 1,786	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Coin Grading

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.