Validity Of Population Reports

Discussion in 'Coin Chat' started by Randy Abercrombie, Nov 11, 2018.

  1. GDJMSP

    GDJMSP Numismatist Moderator

    If memory serves they were issued quarterly.

    https://www.ebay.com/itm/195506827637

    https://www.ebay.com/itm/184898538620

    https://www.ebay.com/itm/PCGS-Population-Report-October-2005-/264248507929
     
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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

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  4. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    It was an extra cost option... did you pay the upcharge?????
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Oh... so the data isn't available on the companies websites in some archive ?

    Crap......:mad:
     
  6. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    They have absolutely zero incentive to release the data.
     
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    So unless I buy the annuals at select time periods, no way to check the total number of coins over time that they each graded.

    Sucks....:mad:
     
  8. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    If you are interested in just a single date, you could try checking auction archives. Heritage and others often mention relative population numbers in their auction listings.

    That would be very annoying if you're trying to check a large number of dates, though.
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I was just looking to check a few select coins -- Saints, Franklins, other popular collecting coins, etc. -- and see how their certification numbers have changed over time:
    • 1986-1996...the 1st decade of the TPGs
    • 1996-2006...TPGs take off and are the standard
    • 2006-2023...crackouts and resubmissions but hoards and mini-hoards swelling the figures.
    There is such a big difference on whether we have tons of supply still out there or whether or not it's just a declining percentage of a much larger base. Even experts with DECADES of experience here as dealers are at opposite ends of the debate.
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    It's not even an option, they don't print them anymore. I can't remember the exact year they stopped, (feel better now @Randy Abercrombie ,) but it wasn't long after 2006. It may have even been 2006.

    You yourself just provided the reason they stopped - because they figured out people were doing that. And it told people things they didn't want them to know.
     
  11. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    If you are only looking for a few data points, current data is posted on their website.

    That's what most people do, focus on a few key, semi-key, or common (depending on which axe you want to grind) and use those.
     
  12. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    we've always been at war with eastasia.
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Like what ? We know about gradeflation, I was thinking that the trend over time should give people an idea as to whether the supply of coins was steady or decreasing over time.

    You would think it would be dropping over time as the denominator (the base) gets bigger and people send in their coins the first decade of the TPGs.
     
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Was interested in the trend for total population, not even so much the distribution of the grades (though that would be a secondary interest).

    Obviously, it's much easier for a mini-hoard or a SDB to impact the top-end of a rare coin population than the TOTAL population for that same coin.
     
  15. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah we know, but there's still a whole lot of people who don't believe it. The thing about the printed pop reports is that they prove it in black and white. And they tell you when the grading standards changed, were loosened. And the TPGs would much prefer that the people don't know either of those things. Think about it, what does knowing that do to their reputations ?

    There's a finite number of all coins in any given date/mint. Those numbers are published in many sources so they are well known. So the possible supply can never increase. And, there are always those coins that are destroyed, lost, damaged, whatever, through attrition over the years. And of course the older the coins are the higher the rate of attrition. That, all by itself, tells us that the basic supply is constantly decreasing.

    What you're really looking for is how many coins of any given date/mint still survive. But there's no way of ever knowing that with any degree of certainty for a few reasons. One, we can never know how many are lost through attrition. We know that it happens, but we can't even estimate the number. Two, we can never know how many are simply held by collectors without ever being sent in to a TPG. And three, is the only TPG that ever published printed pop reports, and as you now know they only did so for a limited time. There is one exception, NGC published a pop report in 2004, but it only covered modern coins (defined as minted post '65). And it only included those in grades MS64 and up. And they never printed another one.

    The point here of course is that because there are so many TPGs, other than PCGS, there is no way we can ever know the total population for any date/mint that has been submitted to all of them. And knowing only one doesn't do us much good. And as it turns out, we can't even know that one because they stopped printing the pop reports so long ago.

    So while I understand your desire, it simply can't be done.
     
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Excellent points as usual, GD, but it remains one of my pet peeves: NOBODY at the top of the professional associations or organizations seems to be helping to formulate hard data points to go by.

    Not the TPGs to let us know if the hidden ungraded coins out there -- SDBs, individual held, stored in an attic, etc. -- are in the tens of thousands or millions for a series like Saints.

    Do we know how many Franklin collectors might be passing on and/or selling their collections from the 1950's or 1960's in the next 10-15 years ? Is it hundreds of registry-comparable sets...or thousands...or tens of thousands ?

    Do we know if attendance at FUN, Long Beach, or ANA by both dealers and the public is up, down, or flat vs. pre-2020 conventions ?

    Instead of guessing, we should have hard numbers or something approaching hard numbers. I see well-respected dealers totally at odds on the percentage of gold coins that have been "found" with some saying it's 70% or higher and others saying it's 30% with decades of runway ahead of us. Collectors of cars, art, etc...all have hard numbers for their little niches.

    I'm not talking perfection, just ballpark numbers. It's better than nothing, right ? :D
     
    Last edited: Jun 23, 2023
  17. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Why?

    I mean where is the value/benefit to the people providing the data (for free) that you want?

    I'm absolutely sure that if you approach the TPGs with a blank check and are willing to sign an NDA, they would provide the data you want. I know it mostly exists (there might be data that wasn't preserved in moving data between systems such as the exact certification date).

    But just because you have an itch (interest in the information...)
     
  18. charley

    charley Well-Known Member

    The supposed population tracking silliness fell apart the very first time a collector cracked a Holder and did not send the sticker in for the 50 cent credit, and it never recovered.

    It was a good advertising gimmick to state the "population" when selling a piece and collectors jumped on that bandwagon, until it was realized "...wait a minute, sumpin' aint' right with the arithmetic....".

    Everything else concerning the quest for info in this Thread is finger pulling hoping to elicit noise, and just as useless.
     
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  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    BS3, it's not PROPRIETARY data. It's basically released -- or was released -- with the Annual Population Reports. I'm just talking certification totals and using them to figure out if the supply of coins getting added to the certified population total is increasing or decreasing in absolute and relative (%) numbers over time. Nothing "TOP SECRET" at all. :D

    For all I know, others have the data and the trend isn't determinitave. No idea.

    All I am saying is....it would be interesting to see the PCGS & NGC certified totals for a common coin series and a more rare coin type over time from the 1990's through 2023 and see if a trend develops in the last few years. That's it.

    Everybody wants to GUESS and I'm saying I think we can make at least a more INFORMED guess if we had data and a trend over time.
     
  20. charley

    charley Well-Known Member

    That is not a more informed guess, but if you are enjoying your quest, have at it.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    How is having more data not MORE informed, Charley ? :D
     
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