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How on Earth could PCGS have graded this coin problem free?!!!
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<p>[QUOTE="KSorbo, post: 2014316, member: 56370"]I was browsing completed auctions on Ebay today and came across the listing attached below. The coin was graded as a problem free MS63 in a new generation PCGS holder. I did a double take when I saw the hideous looking gouges in the field in front of Liberty's face, because at first I thought surely it is a scratch on the holder. Unfortunately the blown up photo confirmed some serious metal movement. Is it just me or is this completely outside the bounds of market acceptability for an uncirculated coin?</p><p><br /></p><p>Some recent threads have suggested that PCGS is loosening up. I previously thought that even with lower standards the "questionable" calls were at least debatable, but this one makes me want to just turn and run. Besides, this is not a tough series such as trade dollars or early copper where there aren't enough problem free examples to go around. However, the more I think about it the more it makes sense from a marketing standpoint, because now there is an incentive to resubmit problem coins. I'm just afraid that if the standards sink low enough there could be a complete loss of confidence in certified coins.</p><p><br /></p><p><img src="http://i.ebayimg.com/00/s/MTYwMFgxNTEy/z/KWcAAOSwEK9T6Wk9/$_57.JPG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p><a href="http://www.ebay.com/itm/1897-Liberty-Nickel-PCGS-MS-63-/281425085133?pt=Coins_US_Individual&hash=item41863e02cd" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/1897-Liberty-Nickel-PCGS-MS-63-/281425085133?pt=Coins_US_Individual&hash=item41863e02cd" rel="nofollow">http://www.ebay.com/itm/1897-Liberty-Nickel-PCGS-MS-63-/281425085133?pt=Coins_US_Individual&hash=item41863e02cd</a>[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 2014316, member: 56370"]I was browsing completed auctions on Ebay today and came across the listing attached below. The coin was graded as a problem free MS63 in a new generation PCGS holder. I did a double take when I saw the hideous looking gouges in the field in front of Liberty's face, because at first I thought surely it is a scratch on the holder. Unfortunately the blown up photo confirmed some serious metal movement. Is it just me or is this completely outside the bounds of market acceptability for an uncirculated coin? Some recent threads have suggested that PCGS is loosening up. I previously thought that even with lower standards the "questionable" calls were at least debatable, but this one makes me want to just turn and run. Besides, this is not a tough series such as trade dollars or early copper where there aren't enough problem free examples to go around. However, the more I think about it the more it makes sense from a marketing standpoint, because now there is an incentive to resubmit problem coins. I'm just afraid that if the standards sink low enough there could be a complete loss of confidence in certified coins. [IMG]http://i.ebayimg.com/00/s/MTYwMFgxNTEy/z/KWcAAOSwEK9T6Wk9/$_57.JPG[/IMG] [url]http://www.ebay.com/itm/1897-Liberty-Nickel-PCGS-MS-63-/281425085133?pt=Coins_US_Individual&hash=item41863e02cd[/url][/QUOTE]
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How on Earth could PCGS have graded this coin problem free?!!!
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