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<p>[QUOTE="johnmilton, post: 3509354, member: 101855"]"Prospector" appears to be a grading arm of PCGS. It's one more way to market their product. It appears that they only use words like "Brilliant Uncirculated" without any grading numbers. That works to you disadvantage because when it comes times to sell, the coin does not have a numerical grade on it that is generally accepted in the market.</p><p><br /></p><p>From what I gather on the PCGS site, common date St. Gaudens $20 gold coins in MS-63 and lower are currently a drug on the market. Dealers are paying less than melt for them and selling them for just over melt.</p><p><br /></p><p>If the market were to turn and MS-60 to 63 Saints were to reclaim their numismatic value, you will have to get these coins re-graded to get the money out of them.</p><p>“Prospector” looks like a marketing tool for PCGS to sell mostly to non-collectors. The emphasis seems to be on bullion and certifying that the coin is genuine. Detailed grading is taking a back seat.</p><p><br /></p><p>I could be all wrong here, but that is my take.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3509354, member: 101855"]"Prospector" appears to be a grading arm of PCGS. It's one more way to market their product. It appears that they only use words like "Brilliant Uncirculated" without any grading numbers. That works to you disadvantage because when it comes times to sell, the coin does not have a numerical grade on it that is generally accepted in the market. From what I gather on the PCGS site, common date St. Gaudens $20 gold coins in MS-63 and lower are currently a drug on the market. Dealers are paying less than melt for them and selling them for just over melt. If the market were to turn and MS-60 to 63 Saints were to reclaim their numismatic value, you will have to get these coins re-graded to get the money out of them. “Prospector” looks like a marketing tool for PCGS to sell mostly to non-collectors. The emphasis seems to be on bullion and certifying that the coin is genuine. Detailed grading is taking a back seat. I could be all wrong here, but that is my take.[/QUOTE]
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