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Curious email from PCGS about assigning a grade
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<p>[QUOTE="GDJMSP, post: 26053466, member: 112"]Where the NGC slab says Piefort, that means it's a special strike - not a business strike, (coins meant for circulation), nor a Proof.</p><p><br /></p><p>PCGS -</p><p><br /></p><p><i>A PCGS SP grade indicates that a coin is a specimen or special-strike coin. The Professional Coin Grading Service (PCGS) uses the prefix "SP" to designate these coins. </i></p><p><br /></p><p>So essentially both slabs are saying the same thing (that it's a special strike) - just in a different way.</p><p><br /></p><p>When a TPG uses designations other than MS and PF, it depends on which TPG it is as to what those designations mean.</p><p><br /></p><p>When it comes to the SP designation for NGC -</p><p><br /></p><p><i>NGC SP is a coin grade that indicates a coin is a specimen, meaning it's higher quality than regular currency but not a proof coin. NGC uses the SP grade for coins with finishes that are different from circulation coins but don't fit into the proof categories.</i></p><p><br /></p><p>But a Piefort coin, even though it is a special strike, it does not have a different finish, it has the same finish that MS coins have. That's why it does not use the SP designation for Piefort coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 26053466, member: 112"]Where the NGC slab says Piefort, that means it's a special strike - not a business strike, (coins meant for circulation), nor a Proof. PCGS - [I]A PCGS SP grade indicates that a coin is a specimen or special-strike coin. The Professional Coin Grading Service (PCGS) uses the prefix "SP" to designate these coins. [/I] So essentially both slabs are saying the same thing (that it's a special strike) - just in a different way. When a TPG uses designations other than MS and PF, it depends on which TPG it is as to what those designations mean. When it comes to the SP designation for NGC - [I]NGC SP is a coin grade that indicates a coin is a specimen, meaning it's higher quality than regular currency but not a proof coin. NGC uses the SP grade for coins with finishes that are different from circulation coins but don't fit into the proof categories.[/I] But a Piefort coin, even though it is a special strike, it does not have a different finish, it has the same finish that MS coins have. That's why it does not use the SP designation for Piefort coins.[/QUOTE]
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