PCGS ... this is indefensible!

For those of you who love PCGS, (and yes, I have an order headed there now), take a look at these coins in the Heritage Sunday Internet Coin Auction. IMO, none should be in straight holders.

 

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I see environmental damage on all of them - obviously some much worse than others. How much, and does it preclude a straight grade? I say 50% of these pictured are problem coins, for sure. The others are questionable - hard to say for sure without the coins in hand.

 

I'm beginning to feel a bit miffed that they gave a details grade to that holed, engraved, circulated proof Trade dollar. Maybe I should've held off another year or two on getting it graded.

On the other hand, now is probably the time to crack out that 1901-S half that ANACS gave "40 details - cleaned" and send it to PCGS. Two of three dealers thought it would grade cleanly; if I get the same average with TPGs, I can turn it into a 4-figure coin...

 

I understand that, but I've always only seen the occasional coin by itself questionably graded. I was just floored to see coin after coin after coin going off in the same auction like these. They're cleaned, scratched, corroded, etc. There are more. Go look at the auction.

 

I guess PCGS deemed these as market acceptable ground recovery coins.

 

That '39 is a dug.

 

They simply don't care what we think any more. Too many people are willing to pay the money anyway.

 

At least they don't have CAC stickers. I think I would curse coins and start collecting Jesus and Mother Mary shaped Cheetos, if that had happened.

 

It's at the point where I'm forced to question the morals and/or manhood of some of the "famous" names associated with the TPG's. You're either complicit with crud like this being foisted upon the public, or you're being led by your masters into going with it since you lack the fortitude to stand up for what's right.

Bought and paid for, either way.

 

No danger of me bidding on those coins. Wonder if they came from the same collection.

 

There may be more money in Elvis shaped.

 

BRB 7-11 run.

 

Do some math and see if the PCGS guaranteed refund is more than the cost difference of the coins?

Where's the certification? There's no way that's a mint state cheeto!

 

Ha! The side burns nailed it.

 

Just some observations...While I'll agree that some of the coins (1839!) should be "detailed"; remember the TPGS has to walk a line and be fair to the buyer, seller, coin, and submitter. It appears some "net" grading is taking place. Also, in some cases, when a coin with ED or crud can be easily conserved in the future if cracked out, it has a better chance of being straight graded.

 

I have never been a fan of PCGS. I have never been a fan of NGC. I have never... well you get the picture. For the collector it makes all the difference to get a true grade. But, for the dealer, the PCGS is where the gold lies. It doesn't matter that they look like these Large Cents, or worse, if they get into a clean PCGS holder the dealer will romance them right into trusting collectors pockets. I suspect that the worm will one day turn.

 

that day may be right around the corner, copper!

 

I guess we can't have much debate on this topic since I did call it what it is..... indefensible.