Big One = PCGS Secure Plus

Well to me that was a letdown in a way but still interesting.


http://www.pcgs.com/secureplus.html

 

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I thought that's what we've BEEN paying for!:rolling:

How is "SecurePlus" gonna get my coin back after it's been cracked out of the slab?

 

Sounds like PCGS is getting too big for his britches.

 

It's laser grading!! I have seen this machine being demonstrated for a few years now. Supposedly every coin registers differently and it gives a sort of unique output. I guess PCGS is saving these and then if the same coin is run through again... It should flag it. I'll believe it when I see it.

 

That's interesting, but unless PCGS shares it's database and techniques with everyone else, what's the "big whoop"? Couldn't the coins simply be resumitted to another TPG?

I can see how this may improve the PCGS pop reports. Folks might be less likely to crackout PCGS coins and resubmit back to PCGS for an upgrade...thus slowing the multiple counts of the same coin.

EDIT: Laser grading might "help" with grading and counterfeit detection, but you still need a human in the loop for the final determination (imo). How's a laser going to assess "eye appeal"?

 

Yeah, I don't see how it makes them any more money...

 

???



Isn't the plus rating pretty much what NGC already does with their star rating? The CSI crimelab scanning deal is kinda neat though, I wish they would have just made the slabs more attractive. I'm not much for slabs and this does nothing to convince me otherwise.

 

CLCT 10.57 +0.19 (1.83%)


Collectors Universe Coin Division Announces PCGS Secure Plus(TM) Service [PR Wire]

 

New fee structure.

 

When they roll out (license) the 'patent pending' laser technology to Dealers, to protect against previously graded coins, that you can use in-store, you'll pay them a fee for it, which will then be passed on to the consumer... that's the 'added value' the coins will then have and the 'protection' the customer paid for.

 

So, they're tracking coins submitted to them, and implementing NGC's star (plus) system.

They're still too expensive for my coins.

 

OH YEAHHHHHHH

 

I think you just found a new topic for your Podcasts... :high5:

 

Reminds me of the do-it-yourself "tube testers" they used to have in hardware stores.

 

Seems like a stretch to me... honestly most of it does. Special designation's for PQ coins I get. The rest of it seems like a stretch. Try proving in a court of law that the raw coin that has been submitted is one that has been stolen from you... good luck... This technology has been floating around the shows for at least 4 years where I first remember seeing it. Somewhere I even have a pamphlet for a very similar machine. I guess the inventor finally got one of the big fish to bite.

 

Episode 1

 

The laser isn't grading the coin.

 

You are correct... It's reading the coins "unique" fingerprint... Except there really isn't proven science that tells us EVERY coin is different. It's as close to "grading" as you can get without calling it that.

 

Definitely, I was just being facetious with the news...

 

It wouldn't be used as a tool to detect minute imperfections in very high grade modern coins? I would be surprised if it wasn't.