Discussion in 'US Coins Forum' started by messydesk, Jun 20, 2019.
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Hmmm - just doesn't have the same ring to it somehow
Obviously resubmissions will increase. I can see many with a "+" getting resubmitted. I wonder what it will do the market value of coins without PL or +. I also wonder if PCGS will charge to have PL. Have they announced that yet? Perhaps that's what they are waiting to see reaction and announce on July 1st. Either way they will most probably get a bump in quantity of submissions.
less bad now at designating coins that are obviously PL. Oh and people get to pay for resubmitting coins that should have always had the PL designation. I'm sure that has nothing to do with this decision though.
I imagine so, but other than very modern stuff (past 20 years) they're sufficiently few and far between that people aren't going to be putting together sets of, for example, Barber quarters in PL. The PL bonus probably will come into play on Lincoln/Shield cents.
What remains to be seen is what the threshold of reflectivity is for PL for Barber and earlier types as compared with later types.
@physics-fan3.14 for taking the time to make the thread asking them to consider it, whether or not it made a major difference I do not know but it certainly didn't hurt and gave the chance for a lot of people to express their support for the idea.
It also just dawned on me that July 1st is when the new Quarterly Special will be announced, I would guess that one of them will have something to do with this
They didn't use the cameo designation on proofs until 1993, even though it was common knowledge there were such things. One reason to not do it is a combination of lack of demand and not having clear guidance as to what it means. Of course, adding + to grades implies there was a perceived demand for it and they knew what a plus-grade meant.
If I bid on a nice coin that looks PL but isn't designated that way it won't change the way I value the coin if it later has a PL designation.
This will be key, and I hope they publish it.
I'm very happy that they are starting to do this - I know that I'm not the only one asking for it! I'd like to think my thread helped convince them, but I have a feeling they've been considering this for a while.
I know the PCGS registry works differently, but PL's definitely get a bonus in the NGC registry. I would think it should be similar. And I'm sure they won't have any PL only sets - that is virtually impossible for nearly all series. They might have selected PL-only type sets though - that is possible for several types.
It is just the opposite. The PL coins for U.S. regular issues usually fetch premiums and sometimes large premiums over their generic cousins.
I hope you're right.
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