Has Grading Gone to Far?

Discussion in 'US Coins Forum' started by Long Beard, May 10, 2020.

  1. wxcoin

    wxcoin Getting no respect for 64 years

    Yes, if you want to authenticate a Rembrandt. However, most coins being slabbed today aren't in that category. But, as long as people want the convenience and have the money to spend, to each his/her own.
     
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  3. thomas mozzillo

    thomas mozzillo Well-Known Member

    I don't like correcting you but in this case I have to. The song "Tutti Frutti" was originally recorded by Little Richard who also co-wrote the song. He recently passed away so "Give credit where credit is due". (Unk).
    Other than that, thank you for your sharing all the excellent info you give. :)
     
  4. STU

    STU Active Member

    my opinion is that there are way to many grades then the labels then the first strikes, with every thing else . to drive up prices try selling some of these back .its all about the profit but some collectors and dealers are to blame they pay high prices and the dealer sells for profits as much as possible I collect coins I get what I want, have a price I am will to pay don't care about the slabs and try to get a decent looking coin
     
  5. Publius2

    Publius2 Well-Known Member

    You are correct. When I wrote that, I knew it was Little Richard but somehow my brain told my fingers to type "James Brown". Doh!
     
  6. ldhair

    ldhair Clean Supporter

    A lot of collectors got hooked on the first strike stuff. Once hooked, many wanted to collect matching holders.
    I'm not picky about the slab either. That can be fixed if needed at the point of selling the coin. The coin is really all that matters.
     
  7. johnmilton

    johnmilton Well-Known Member

    Yes, I have seen these posts from crazy collectors who get bent out of shape when PCGS changes the color or style of their label. They refuse to buy coins with different labels or rush back to their coins re-holdered.

    There are others who are nuts over these doily holder things. I’ve had a couple of those, and it seemed like to me that the holder felt lose and kind of flimsy. I could not wait to get rid of them when I was a dealer.

    You know what they say about fools and their money. I buy the coin, not the label.
     
    Last edited: May 16, 2020
    wxcoin likes this.
  8. Publius2

    Publius2 Well-Known Member

    OK, I'll bite. What's a "doily holder thing"? Something made from lace by your grandmother?
     
  9. ldhair

    ldhair Clean Supporter

    It's a design of a PCGS holder.
     
  10. Lehigh96

    Lehigh96 Toning Enthusiast

  11. ldhair

    ldhair Clean Supporter

  12. johnmilton

    johnmilton Well-Known Member

    Here is a link. Would you pay a premium price because of the label? I won't.

    https://www.pcgs.com/holders/Gen2.0
     
  13. Publius2

    Publius2 Well-Known Member

    I get it. Thanks. And no, I wouldn't pay extra just in order to have a matching set of holders. OTOH, I have a friend who has made a collection out of the history of PCGS holders and related exonumia. Really quite an impressive collection of stuff from the earliest holders to the latest. He will actually buy a coin just to have the holder.
     
  14. wxcoin

    wxcoin Getting no respect for 64 years

    Has anyone ever added up the number of different PCGS holders/labels? Maybe we should have a contest to see who can guess the number.
     
  15. johnmilton

    johnmilton Well-Known Member

    That's another sort of collection.

    OTOH if you had a 60 piece set of Indian cents would go nuts trying to get them all with some color slab label?
     
  16. Lehigh96

    Lehigh96 Toning Enthusiast

    The only real reason to have the same label is if you are selling a high end registry set worthy of a pedigree. In that rare case, I would want them all to be graded at the same time. Otherwise, I don't care what the holder or the label looks like.
     
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  17. physics-fan3.14

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

    Yes. @Conder101 even wrote a book on the subject. The book was quite a few years ago, though, and I'm not sure how often he updates his files.
     
    St Gaudens collector and wxcoin like this.
  18. wxcoin

    wxcoin Getting no respect for 64 years

    It would be interesting to see if the annual rate of new labels has increased since he wrote his book.
     
  19. physics-fan3.14

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

    His book came out in 2006, I think. This was before the proliferation of all the First Day and Early Release and hundreds of special labels. I'll bet if he were to update the book now, it would have to be a 4 volume set!
     
  20. ldhair

    ldhair Clean Supporter

    When the book sold out Conder101 was kind enough to give me a copy on CD. Forgot what year that was but I still use it.
     
  21. baseball21

    baseball21 Well-Known Member

    The majority of the labels are from bulk submitters and they have the rights to those labels. I don't really consider those proprietary labels to be a new TPG label. There's only a handful of new ones each year that everyone can get.
     
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