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 Replies: 11 / Views: 5,979 |
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Pillar of the Community
United States
628 Posts |
How do the big 3 TPGs handle planchet flaws? Would an otherwise MS63 coin be knocked down a point or 2 because of a flawed planchet, or would it receive a "details" grade?
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Moderator
 United States
23522 Posts |
A genuine planchet flaw should have no bearing on grade decision. I don't know what bearing it might have in upper Gem grades, where one starts seriously comparing the coin to "perfect," but the condition of the planchet shouldn't otherwise affect the grade. A plan flaw will usually be notated on the slab to ensure that it's not believed to be a "problem" with the coin.
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Pillar of the Community
 United States
628 Posts |
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Pillar of the Community
United States
601 Posts |
Hi SuperDave- Your answer to the query is absolutely technically correct, but let me caution you about predicting what TPGs will do- The coin below was sent in with a "regular coin" submission- tough date in decent grade- I noted the Struck through but only to clarify that it wasn't damage......PCGS instead charged me the cost of Variety Attribution AND put the coin in a non-numerical grade, Genuine Holder- BECAUSE OF THE STRUCK THRU! The .93 in the serial number denotes planchet struck thru! The coin is considered damaged because of the error PCGS attributed it as- WHAT? This isn't logical? Of course it is- who are we to question the "Experts" hehe.   |
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Pillar of the Community
United States
1547 Posts |
Quote:
A genuine planchet flaw should have no bearing on grade decision. I don't know what bearing it might have in upper Gem grades, where one starts seriously comparing the coin to "perfect," but the condition of the planchet shouldn't otherwise affect the grade. A plan flaw will usually be notated on the slab to ensure that it's not believed to be a "problem" with the coin. From a technical standpoint, absolutely. From a market standpoint, not so fast, buster. And, that's all these TPGs purport to do, "market grade." As a matter of fact, go to their coin glossaries, and look up, "technical grading." You'll find that term isn't even in their vocabulary. |
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Pillar of the Community
United States
601 Posts |
that's partially correct- but PCGS claims to be very technical when it comes to grading AU-58 wheats for their Everyman Series, and they are, the problem is too many people grading different types of coins at PCGS, there's no uniformity.
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Pillar of the Community
United States
1547 Posts |
FWIW, this is how PCGS describes what they do (i.e., "market grading"), at http://www.pcgs.com/lingo.chtml . . . "A numerical grade that matches the grade at which a particular coin generally is traded in the marketplace. The grading standard used by PCGS." |
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Pillar of the Community
United States
601 Posts |
I'm not going to debate it or argue, I just know that when I called and questioned their AU grading standards I was told the grades were based on their "highly technical" grading standards for circulated coins. They say all kinds of things depending on how it pertains to the situation though, so I'm in no way defending them. I slab roughly 200 coins a month, there's always something that doesn't make sense when I get a package back from them.
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Pillar of the Community
United States
1547 Posts |
Liveandievarieties, there may be a misunderstanding, I'm referring to "technical grading" (a.k.a, "condition grading"), as opposed to "market grading." Sorry I didn't make that as clear as it otherwise could have been. At any rate, there's no way I'm questioning what you say they told you. As a matter of fact, it makes perfect sense to me that they'd claim something like that.
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Pillar of the Community
United States
601 Posts |
I think we can both agree- the TPGs are inconsistent enough (for many reasons) that they don't ever want to give out definites that they could be held to! Heaven forbid that an educated collector or dealer might question their logic occasionally.
Sorry, I'm dealing with a debacle of 12 mis attributed coins at PCGS right now, GIANT PAIN!
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Pillar of the Community
United States
1547 Posts |
12? As in, one dozen? Whoa!  Look, good luck, I hope they get them right for you. |
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Pillar of the Community
United States
601 Posts |
Yeah, it's the 1969-D FS-901 No FG variety- I cherried 18 out of some BU rolls, sent in one, it got the attribution and graded MS-63RD, sold on Teletrade for $350. Sent in another, they attributed it too- and graded it MS-64RD, it sold for $650 on Teletrade! I got pretty excited, sent in 12 of them, they charged me the full variety attribution charge and graded them as normal 69-D cents. BIG HASSLE! I sent them in for an attribution review (basically disputing their choice to not attribute) and they still denied the attribution. These are the same coins, from the same die as the ones they already DID attribute. 2 of the 3 MS coins in their population report are the ones I sent in.....makes no sense, but you can't butt your head against a mountain and expect positive results. Win some, you lose some, I win far more often than I lose, so overall, I can't complain!
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Replies: 11 / Views: 5,979 |
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Posted 01/09/2011 09:46 am
