"PCGS Announces Next Steps to Improve and Protect Hobby"

Is this the same Eric Steinberg of Broward County Coins and Collectibles, Inc, or Silvano DiGenova, CEO of Tangible Asset Galleries (and founding member of PCGS), or Greg Krill of North Bay Rare Coin and Jewelry, or Robert Lehmann of The Reeded Edge?

Fascinating....

 

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I find it AMAZING!! that they can X-ray a coin and analyze micro particles to detect alterations,but they still use humans to grade coins,with numerous in-consistencies in grading.OH did I mention that they can add up to a full point of grade,based on "eye appeal" alone.So you get a "mechanical" extra point of grade,for something non "mechanical"

 

When there have been enough coins for a big enough sample, I'd like to see PCGS's report of how many coins they have not graded due to something their new system picked up.

 

This is "BIGGER " than the Big One, about time.

 

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You absolutely can patent methodology/techniques. That is exactly how and for what I got my patent.

 

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but if you (the submitter) know a coin is doctored isnt it in pcgs best interest to do it anyway for coins of a certain value? the guarantee will still be there so they should use it to protect themselves maybe?

 

Making the plastic used in Xerox dry ink. The last I heard, they were still using it, but phasing it out.

 

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When I first started on computers, I heard that computers could never play chess because there were more moves available than grains of sand on earth. No computer could ever have that much memory. Yeah, right!:hammer::computer:

It may not be practical today, although I am guessing Bill Gates could afford to have it for you this year if he really put his mind to it. However, I will bet they come out with one this decade.

 

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...WOW!!!! this surely will P... OFF the smoking collectors and dealers

and.............

 

I agree that anytime someone comes up with something to stop fraud and deception it is a good thing. I am more inclined to desire to purchase some coin from a dealer or collector who leaves the salesmanship at home. A couple of dealers who are also members of coin talk regularly will detail any perceived problems with coins that they are selling, other dealers I have seen, instead replace good pictures and accurate descriptions with hyperbole and hucksterisms.

I recognize some of the names on the defendants list, and here is another aspect of the case, some of those names had in my opinion reputations as being rock star type dealers, some of those in the stratosphere, maybe it is my newness showing.

It brings up the point how hard it is to gain a good reputation, you cannot demand it as if it were some court of law and everybody is entitled to be considered ethical, fair and empathetic unless proven otherwise. It is sort of like the reputation used car sellers have, or politicians, slimy denizens who will kiss a baby for the cameras and then throw grandma under the bus if they see something in it for them. But that perception of ethical dealing and accuracy is easier lost than gained, those dealers who are named have lost more than some scam if it is indeed a scam, courts will judge, but despite any courts judgement those dealers will be scrutinized more closely than they would have if they had never been named.

I would guess that there are quite a few collectors/investors who are looking into that coin or slab that they received from one of the dealers named. In addition there are many other dealers who now have to also consider certain things in dealing with them. How could a dealer who has lost that reputation ever hope to regain it?

Shakespeare wrote in Othello, he who steals my purse steals trash, but he who steals my reputation steals all that I have.

 

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Oh! Ye of little faith. When they site coin, problem and specifically what was done to the coin, they win easily. No jury (jurist?) has enough knowledge to refute it.