PCGS PVC Residue Label in Flip

Was this cracked out of a slab and put into a flip or does PCGS send it back to the submitter this way?

I'm inclined to think it was sent this way because the label doesn't have "PCGS" on it although it does have a cert #.

 

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Yes they do or did at one time. Also environmental damage.

 

They return it that way.. never slabbed

 

Doug I can't recall but when they did return a coin as posted they didn't charge for it unless it was in a holder. Correct? Now they holder everything and hear the cash register ring..... and still detail it.
I have get a few back in body bags.... in my time.

 

Why do you say this was a mistake? There are many non-gradeable coins that benefit from slabbing, be it for provenance, authenticity, or simply due to them being high value due to the rarity.

I get an objection as a nuisance to the boatload of drek that is out there in detail slabs, but find it no worse than those who are effectively slabbing mid-grade pocket change. And it makes money for the TPGs which keeps them in business and perhaps helps to keep submission costs down.

 

No, they still charged for it either way.

 

I have never submitted to PCGS myself (I prefer NGC), but neither company will slab a coin with active PVC residue - if you submit one with PVC, it will still be returned in a flip with a note that says PVC.

(NGC will sometimes call you and ask if you want to have it conserved before they just return it, obviously for an additional fee. Depending on the coin, I'll often take them up on this).

 

I did years ago use both... I prefer NGC over pcgs especially nickels yes ngc is harder on them grade wise but I find truer in grade. Pcgs I got better grades but... to my eye they weren't true . I dislike Anacs yellow holder but do like the fact they will grade more varities as the other 2 don't.
And the other 2 grade varties that truly are not a variety.

 

A couple years ago, PCGS returned one of my coins, a seated dollar, in the flip with a sticker that just said, "No Service." The coin was bent XF details in my opinion, and they gave it a no service label because it wouldn't stay in the gasket properly. I called and they said there was no charge.

 

In the early days of PCGS, you only got a sticker on the body bag. Later there was a card in the flip and they put a check beside the reason for not grading the coin. Now you get a label showing the problem. It's good they don't slab coins with PVC issues.

 

The slabbook covered different generations of bodybags for the services as well as the slabs. It was very difficult for me to get bodybags back then. Most people threw them away and either resubmitted or tried to sell their coins raw never admitting that they had been seen and bagged.

 

The PCGS and NGC websites state clearly which problem coins go in slabs and which go in bags. And yes, you will be charged either way unless they can’t handle the coin for some reason, like its size, lack of expertise, etc.

Cal

 

We can agree here because from your response it looks like you really don't understand their place in the market.

It's actually the exact opposite of what you just said. The unscrupulous sellers leave problem coins raw or crack them out of details slabs and sell them as problem free. The details graded coins clearly state so on the labels and list the problem. Their isn't some large buying group that thinks they're buying problem free coins like you want us to believe, the overwhelming majority and the ones that know anything about coins at all all know they are problem coins that are being bought.

The market gets to decide pricing and there is a market for details coins. Just because you disagree with the market doesn't mean those buyers are clueless and think they're getting problem free coins. That assessment overall couldn't be further from the truth as there are many reasons why someone would choose a problem coin as for many things that's all that buyer could reasonably be able to afford.

 

And yet how many times do we get people coming to coin forums asking "It says (some grade) Details. What does that mean?"

 

Not often and it's almost always like can you tell me where the problem is or how I can tell when something has been wizzed or cleaned. So if it wasn't for the details slab they would have never known and bought it as problem free.

 

Now who’s arguing just to argue? He said collectors benefit from problem slabs, not that the TPGs did it for the benefit of collectors. And also, sometimes business decisions intended to make more money accidentally help the consumers as well, but what do I know.