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<p>[QUOTE=&quot;The Penny Lady®, post: 643949, member: 16948&quot;]This is a good and informative interview with Don Willis, President of PCGS, discussing his take on the term &quot;PQ&quot; as used in relation to coins.</p><p><br /></p><p><a href="http://www.pcgs.com/articles/article_view.chtml?artid=5798&amp;universeid=313&amp;type=1&amp;utm_source=ezine&amp;utm_medium=email&amp;utm_campaign=ezine07212009" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/articles/article_view.chtml?artid=5798&amp;universeid=313&amp;type=1&amp;utm_source=ezine&amp;utm_medium=email&amp;utm_campaign=ezine07212009" rel="nofollow">http://www.pcgs.com/articles/article_view.chtml?artid=5798&amp;universeid=313&amp;type=1&amp;utm_source=ezine&amp;utm_medium=email&amp;utm_campaign=ezine07212009</a></p><p><br /></p><p>The following are my comments posted on the CU forum about Don&#039;s interview:</p><p><br /></p><p>I enjoyed reading Don&#039;s interview, and yes he knows his coins. He used to set up at my monthly show in Anaheim and always had beautiful high end coins, and definitely knows the coin business - I&#039;m sure that&#039;s one of the reasons why PCGS snagged him! I agree with his take on the use PQ in the coin business and believe it can help define a coin&#039;s grade with more specificity. Of course, grading is quite subjective, so perhaps PQ is overused by some dealers. To me, part of the validity in identifying a coin as PQ is that you need to trust the person who is using the term PQ to be qualified and an accurate grader of that coin series. </p><p><br /></p><p>I had special stickers made that say &quot;PQ!&quot; in red print and use them sparingly on some of my coins for sale. There are coins, both circulated and uncirculated, that are really nice, have exceptional eye appeal and a great strike as Don mentions, and/or have minimal distractions and marks for the grade given, but that coin might not quite meet the criteria for the next grade - so those coins to me would qualify as PQ. And, therefore, coins that are PQ should qualify for a higher markup, especially PQ RB coins that are closer to 90+% red, or coins that probably would upgrade. </p><p><br /></p><p>If you want to read others&#039; comments on this topic, here&#039;s a link to the CU forum: <a href="http://forums.collectors.com/messageview.cfm?catid=26&amp;threadid=730925" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://forums.collectors.com/messageview.cfm?catid=26&amp;threadid=730925" rel="nofollow">http://forums.collectors.com/messageview.cfm?catid=26&amp;threadid=730925</a></p><p><br /></p><p>So what are your thoughts on the use of &quot;PQ&quot; for describing exceptional coins for the grade?[/QUOTE]</p><p><br /></p>

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