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 Replies: 24 / Views: 3,389 |
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Pillar of the Community
United States
1534 Posts |
 A plus for PQ, and special scans for $100,000+ coins. Nothing too special, in my opinion.
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Pillar of the Community
United States
1882 Posts |
Where did you see the +$100K coin part? Here's part of what they say about fingerprinting: Quote:
Released after two years of extensive testing in partnership with Coinsecure, Inc. of Palo Alto, California, the PCGS Secure Plus system digitally captures the unique "fingerprint" of each coin, and enters it into a permanent data base. Neither the coin's appearance nor its grade can be changed without flagging the system. If any previously registered coin has been artificially toned, puttied or processed in some other way in an effort to get a higher grade, it will automatically be detected. This would eliminate the crack and resubmit game for PCGS graded coins. ( edit ) Is the "Secure Plus" an add-on service? Extra cost? If so, I fail to see what they are accomplishing. Edited by steve199
03/25/2010 1:43 pm
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Pillar of the Community
United States
1882 Posts |
I agree with the "plus" comment. They are just trying to compete with CAC.
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Pillar of the Community
 United States
1534 Posts |
I believe I am mistaken about the scan thing.
However, not all coins will be in the SecurePlus holder. It's a choice made by the submitter.
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Locked
822 Posts |
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Pillar of the Community
United States
1534 Posts |
It is a choice, if the submitter wants it. You can choose to have your coin in a normal, or SecurePlus holder.
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Pillar of the Community
United States
1882 Posts |
Quote:
However, not all coins will be in the SecurePlus holder. It's a choice made by the submitter. Just edited my other post...I think you are right. Unless they fingerprint every coin they grade, most of the "punch" is gone. |
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Pillar of the Community
United States
1882 Posts |
In the last few minutes PCGS has upgraded their fee schedule to show the SecurePlus pricing. It is only available at the Express level or better. For express, it is $65 with the new "service", rather than $50. If coin greater than $20K value, you get to Rarities and Ultra-Rarities...and it SecurePlus becomes the only option.
Most of what this new service accomplishes is to protect PCGS, not the customer. If you see a $3,000 coin in a PCGS slab, WITH OR WITHOUT the SecurePlus designation, you have no more protection than you have now. You *hope* it is a genuine slab, and have to buy the coin from a trusted source. If it is in a SecurePlus slab, you could send it to PCGS to have verify the coin, but who's going to do that? And how much will they charge to do that?
Sorry for being so annoyed by this. I'll move on. :)
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Pillar of the Community
United States
2797 Posts |
I'm underwhelmed by it all.  |
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Moderator
 United States
188342 Posts |
Yes, I was expecting something more. Like a microdot hologram embedded in the PCGS logo.  |
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Bedrock of the Community
United States
17884 Posts |
From their website
" Initially, PCGS Secure Plus will be offered for Walkthrough, Express and Gold Express service levels for raw coins, regrades and reholders."
Note the word "initially". To me that means that it will eventually be expanded to cover more levels.
What get me is they have had this capability for 19 years.
So we have a longer barcode, half point grading for most MS coins (done by various TPGs since 1984), and digital fingerprinting (Done by PCGS and Compugrade back in 1991) Since there is nothing here less than 15 years old, hardly something to "revolutionize" the industry.
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Bedrock of the Community
United States
14454 Posts |
I agree this "plus" thing is just trying to take a stab at CAC so to speak. The rest will never work unless they do it to every coin. If they do it to every coin they will hurt their own business as well because I ma sure they make quite a bit on the crack out game and this will eliminate this practice
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Pillar of the Community
United States
1523 Posts |
I can understand that there is a concern about someone cracking a coin out,artificially toning it and so on but isn't that what the grader is supposed to be able to determine?I really see nothing here that is going to help the collector.I see nothing at all wrong with resubmitting a coin if you feel the person who graded it wasn't on the ball that day,had a fight with their spouse,hangover,whatever.The company should welcome that practice in my opinion.I believe this is just a ploy to allow slabbing prices to increase by giving the customer some false sense of security and increased value for the service and I agree with Bryan that the security is false unless every coin is mapped.
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Pillar of the Community
United States
1534 Posts |
But if you want the SecurePlus service, the coin will be scanned, and so if someone resubmits it, they will know if the coin has changed from when they previously graded it.
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Pillar of the Community
United States
1523 Posts |
I understand that aspect but isn't a professional grader with these big TPG's able to tell by studying the coin if it has been altered in any way? |
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Pillar of the Community
United States
1534 Posts |
It's difficult, and problem or doctored coins can occasionally slip by.
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Replies: 24 / Views: 3,389 |
Posted 03/25/2010 1:39 pm
