The problem it you are NOT paying for a grade, you are paying for a professional opinion. If you were paying for a grade the price would change depending on the grade you received. But for an opinion you get charged the same whether the opinion is good or bad. One of the lesser TPG's, I can't remember which, actually DID charge only a nominal amount for problem coins and full charge for problem free coins. It didn't make them one of the top services. And it wasn't one of the bottom tier services.
PCGS could always do what PSA does with authentication/grading of bats. PSA/DNA allows (not by policy, but if you request it beforehand to the head of the specific grading division) to pay for authentication, then pay for grading only if the item passes the authentication process. Of course, the fees are a lot more for these services ($95 on the low end, and 1-2% of the item value on the higher end) than the grading ($75 extra, regardless of the level of service), so it might not be as "cheap" of an option for failed/problem coins. It'd be like paying PCGS $20 for a coin to say "authentic or fake," then paying another $15 for a grade.
So far 3 dealers have looked at the quarter and have basically had the same reaction.....Beautiful coin......lower MS grade.....where is the sign of smoothing/whizzing etc? Even under 40x magnification no hairlines were found. Idk.....maybe North Korea is correct in the assumption that the reverse has the issue, and not the obverse like I was thinking. I wish PCGS would at least give me a little more of an explanation on their site after the problem coins have been graded. One dealer did bring up the possibility of the coin coming from an older die that might have played a factor in it`s "smoothed" appearance, but I will be the first to admit that I`m an amateur regarding coins coming from old/worn/polished dies. As far as the toning goes, I have seen both AT and legit toning that is similar to the coin that I have. I leave out various silver (both pure and 90%) in varying conditions and have gotten both natural and toning that looked AT. (but was not) I can`t say either way with this quarter. I`m still on the fence regarding how the coin collecting community views "smoothed" coins......I personally don`t see too many slabs in person with that designation. I guess it`s a matter of the individual`s preference.
Totally disagree! They still need to inspect the piece to come to that conclusion...in a sense...they are still "grading" it. Not to mention it still gets slabbed. I dont feel less work is done...just because you don't like the grade.
For the uneducated (me) on CT could you explain whizzed and smoothed? Also is there a glossary page or post? It would be somewhere between 4 and 6 a minute.
For the uneducated (me) on CT could you explain whizzed and smoothed? Also is there a glossary page or post? It would be somewhere between 4 and 6 a minute.