PCGS announces no more bodybags

You are correct. The codes were posted earlier in this thread.

 

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Interesting point. Recall the hokey e-bay 1913 V nickel scam.

 

I agree that this is a step forward for PCGS and for Submitters but I also agree that they aren't doing enough! Besides noting "Genuine" on the holder, they should put a letter grade and any problems similar to as follows Very Good - (VF details - "Cleaned").


Frank

 

Somebody straightened me out. Is a planchet flaw an " error " or a " problem " coin as PCGS has it listed under the bodybag number " 93 " . Since the cause was during the minting of the coin wht isn't considered an error ? Thanks.

 

That's exactly right. That would put them up with all the others ! I'm surprised they aren't. I'm gonna hit 'em up with some correspondence. If enough people dial in, they might change. They haven't started yet.

 

An update from Don Willis, President of PCGS:

PCGS announced a revised Genuine service last Friday. The revisions in the Genuine service will begin with submissions received after Dec. 1st. Since I was the main proponent of these revisions let me offer some background and explain how things will work going forward.

For many years as a collector then as a dealer, I listened to collectors complain that they were disappointed to pay grading fees only to receive their coin back in a plastic flip (what we all lovingly refer to as a ‘body bag’). On more than one occasion I heard “PCGS could have at least put my coin in a holder’. So the genesis of the changes we are making to the Genuine process is exactly that – a response to the market. We realize that many collections contain coins that are impaired in some way, but that the collector would very much like the coin to be authenticated and housed in a PCGS holder. We are responding in a way that satisfies that need and I believe will greatly improve our service.

To begin with, participation in the revised Genuine service is optional, although all submissions will default to the new Genuine process unless otherwise specified. A new submission form, available Jan. 1st, will provide the submitter the ability to opt out of the Genuine process. This will apply to the entire submission (there can be no mixing). Coins that are determined to be impaired will be returned in a body bag. For submissions sent in after Dec. 1 on the old form simply write on the form ‘do not holder Genuine coins’.

The revised Genuine service will apply to all types of submissions as well as service levels. Coins that have been holed and plugged, counterfeited or have active PVC cannot be holdered under the Genuine service. Effective Dec. 1 the current Genuine service will be discontinued.

When specifying a minimum grade for crossovers you may now write the word ‘genuine’ in the provided space. This does not affect the ‘any’ designation which will still mean any grade, i.e., 1 – 70. So to be clear your options under the minimum grade column will be to leave it blank meaning the coin must cross at the existing grade or higher, any number 1 – 70, ‘any’, or ‘genuine’ (see section 4 on the reverse of the submission form).

Raw coin submissions will be either graded 1-70 or ‘Genuine’ unless you have selected not to accept Genuine holders (selection applies to the entire submission).

PCGS is modifying the coin inserts for Genuine coins as follows: on the obverse the words ‘PCGS Genuine’ will be printed. The format of the numbers printed on the obverse will remain the same. From the left - the coin number followed by a period, the ‘no grade code’ assigned (such as 92 for cleaned), a slash and a certification number. A list of no grade codes is provided below and is available on PCGS’ website www.pcgs.com/grades.chtml

No Grade Description

91 Artificial Color
92 Cleaning
93 Planchet Flaw
94 Altered Surfaces
95 Scratch / Rim Dent
97 Environmental Damage
98 Damage



The reverse of the insert will be modified on Genuine coins to print “GENUINE NOT GRADABLE”.




We will not net-grade coins and will not print any other grading information. The no grade code to the right of the coin number is what should be used to determine the problem that PCGS has identified. Other than what has been mentioned the labels will remain the same, i.e., same color, design, etc.

Genuine coins will be eligible for variety attribution. This should be great news for collectors of many series such as CBH or early dollars where many coins, especially the rarer varieties, have been cleaned or impaired in some way.

Genuine coins will continue to be eligible for Registry sets. Coins in genuine holders will have a set value of one (1). Genuine coins are not eligible for ‘low ball’ sets.

We at PCGS hope that the revised Genuine process will help many collectors achieve their goal of completing their sets and having their coins authenticated and encapsulated by the most respected grading service in the world.

 

Cool ! Thanks, Mike.

It seems odd that they do disclose the reason for not grading it - they give a code number, which is public knowledge. But they don't spell it out. Since most of us will not have the code numbers memorized, they make us go consult a table.

Not that it matters much. I think most of us could pick out those 7 problems.

 

to me it seems reasonable enough. I can't expect people to do things my way...even Moses couldn't do that.

Ruben

 

Lay off the whiskey!!

ROLF
:hug:

Ruben

 

The number code is better than nothing. Eventually they will get it right.

 

LOL - As soon as we go back the gold standard.

 

er can u get my indian coins slabbed the ones pcgs body bagged a long time ago

2 what? 2 bottles or 2 barrels? what about being a role model for all those millions u wanted to protect