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PCGS, Grading Cleaned, Buzzed, Tooled & Pluged Coins "Genuine"
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<p>[QUOTE="stella, post: 552370, member: 17448"]Thanks Chris......</p><p> </p><p><img src="http://img8.imageshack.us/img8/3627/1799a.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p> </p><p> </p><p>Long ago, in a galaxy far, far away (sorry, I got carried away), ANACS, the oldest grading company, decided that whatever coins were submitted to them for grading, as long as they were genuine, they would grade them and slab (holder) them. So, you might see a draped bust dollar listed as "1799 ANACS VG details: cleaned." They would use the term "details" to indicate that the coin was not problem free, and then describe the "problem" such as "scratched, damaged, cleaned, plugged, rim nicks" etc. Normally, the "details" attribution would lower the grade by one level (i.e. "fine" to "very good").</p><p><br /></p><p>NGC, often through their subsidiary name (NGS) would grade and slab problem coins. PCGS has added the "genuine" option for all their "problem" coins within the last few months. Prior to that, if the coin did not meet their criteria, they were "body bagged" and returned to the owner ungraded and unslabbed.</p><p><br /></p><p>That has changed. However, PCGS is inconsistent in describing the problem. Often, they only say "genuine" on the front label. Sometimes they state on the reverse of the holder "genuine; not gradable." Sometimes they actually describe the problem on the front label under their "genuine" designation. "Inconsistent" would be the best word to describe their methods now. You are often left to guess what the "problem" may be as in the instant case.</p><p><br /></p><p>During all the years I have collected, I have always been attracted to coins that looked nice, including "cleaned" coins. I understand that cleaning coins does cause some undue wear on them and can have negative effects especially with copper coins, but I also appreciate clean coins far more than dark, "toned", or damaged coins (bad scratches, holes, solder from a jewelry setting, etc.).[/QUOTE]</p><p><br /></p>
[QUOTE="stella, post: 552370, member: 17448"]Thanks Chris...... [IMG]http://img8.imageshack.us/img8/3627/1799a.jpg[/IMG] Long ago, in a galaxy far, far away (sorry, I got carried away), ANACS, the oldest grading company, decided that whatever coins were submitted to them for grading, as long as they were genuine, they would grade them and slab (holder) them. So, you might see a draped bust dollar listed as "1799 ANACS VG details: cleaned." They would use the term "details" to indicate that the coin was not problem free, and then describe the "problem" such as "scratched, damaged, cleaned, plugged, rim nicks" etc. Normally, the "details" attribution would lower the grade by one level (i.e. "fine" to "very good"). NGC, often through their subsidiary name (NGS) would grade and slab problem coins. PCGS has added the "genuine" option for all their "problem" coins within the last few months. Prior to that, if the coin did not meet their criteria, they were "body bagged" and returned to the owner ungraded and unslabbed. That has changed. However, PCGS is inconsistent in describing the problem. Often, they only say "genuine" on the front label. Sometimes they state on the reverse of the holder "genuine; not gradable." Sometimes they actually describe the problem on the front label under their "genuine" designation. "Inconsistent" would be the best word to describe their methods now. You are often left to guess what the "problem" may be as in the instant case. During all the years I have collected, I have always been attracted to coins that looked nice, including "cleaned" coins. I understand that cleaning coins does cause some undue wear on them and can have negative effects especially with copper coins, but I also appreciate clean coins far more than dark, "toned", or damaged coins (bad scratches, holes, solder from a jewelry setting, etc.).[/QUOTE]
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PCGS, Grading Cleaned, Buzzed, Tooled & Pluged Coins "Genuine"
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