Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
PCGS Copper Coin Grade Guarantee
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1162211, member: 112"]And if it they did change the designation to RB then there would be no compensation because he has purchased his coins after Jan 1 2010. Or so I assume because he says he's only been buying coins for about a year.</p><p><br /></p><p>Copper is a very reactive metal and there have been lots and lots of coins that have changed from Red to Red Brown, Red to Brown, or Red Brown to Brown - and all while the coins were in the slab. </p><p><br /></p><p>That is why NGC never used to offer a guarantee on the color designation. But because PCGS did offer a guarantee, NGC changed their policy that they would guarantee the color designation, but only for 10 years. They did this specifically because they were losing business to PCGS when it came to copper coins. So they changed to keep up.</p><p><br /></p><p>PCGS on the other hand, now that even more time has passed, changed their policy to where they no longer offer a guarantee on copper because they were losing too much money on coins resubmitted under the guarantee.</p><p><br /></p><p>This is just an example of the problem that I have with the TPGs - they change their policies when it suits them to do so. There are many other examples, slabbing problem coins is another good one. Changing the requirements for special desigantions is another. And slabbing modern coins (for NGC) is another.</p><p><br /></p><p>People have no choice but to recognize that these changes actually occurred. But still when it comes to the TPGs changing grading standards - people steadfastly refuse to believe that have changed anything.</p><p><br /></p><p>Well guess what, if they'll chang everything else when it suits them, they'll change grading standards too. And they have.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1162211, member: 112"]And if it they did change the designation to RB then there would be no compensation because he has purchased his coins after Jan 1 2010. Or so I assume because he says he's only been buying coins for about a year. Copper is a very reactive metal and there have been lots and lots of coins that have changed from Red to Red Brown, Red to Brown, or Red Brown to Brown - and all while the coins were in the slab. That is why NGC never used to offer a guarantee on the color designation. But because PCGS did offer a guarantee, NGC changed their policy that they would guarantee the color designation, but only for 10 years. They did this specifically because they were losing business to PCGS when it came to copper coins. So they changed to keep up. PCGS on the other hand, now that even more time has passed, changed their policy to where they no longer offer a guarantee on copper because they were losing too much money on coins resubmitted under the guarantee. This is just an example of the problem that I have with the TPGs - they change their policies when it suits them to do so. There are many other examples, slabbing problem coins is another good one. Changing the requirements for special desigantions is another. And slabbing modern coins (for NGC) is another. People have no choice but to recognize that these changes actually occurred. But still when it comes to the TPGs changing grading standards - people steadfastly refuse to believe that have changed anything. Well guess what, if they'll chang everything else when it suits them, they'll change grading standards too. And they have.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
PCGS Copper Coin Grade Guarantee
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...