PCGS and Their "Questionable Color" Ripoff

On Jan 17, 10:07*pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com
wrote:
oly wrote:
On Jan 16, 12:35 pm, Reality wrote:
On Jan 16, 6:56 am, oly wrote:

On Jan 16, 8:29 am, "Bruce Remick" wrote:

"Reality" wrote in message

....
On Jan 15, 8:10 pm, "Bruce Remick" wrote:

"Reality" wrote in message

...

What is the deal with this nonsense?

When I submit a coin to PCGS, I want to know if it is genuine,
the grade, and if it is original.

IMO if you are paying the supposed leading expert graders in the
industry a $30 grading fee plus shipping both ways, then their
"Genuine - Questionable Color" B.S is not an option. I'm paying
them to tell me one way or the other.

The color/toning is either ORIGINAL or NOT.

If they can't tell the difference, then what is their opinion
worth? IMO the grading fee should be refunded if their "experts"
can't discern the difference. It's a total ripoff otherwise.

Tell 'em we said to give you your money back. It's much less
stressful to buy coins already graded by PCGS (and paid for by
someone else) than to send
them your own coins and hold your breath waiting.

The point is, why should *anyone* get ripped off in that manner?
===========

If you do some homework first, you're less likely to get "ripped
off". Sending a coin to a TPG like PCGS can be a crapshoot unless
you're someone who's experienced with that sort of thing. Before
spending that money maybe it would have saved any disappointment
if you'd showed the coin first to a couple reputable dealers who
might have cautioned you about your coin's questionable color and
how PCGS might respond to it. You didn't say if you did submit the
coin through a dealer or if you're a "member". If it was through a
dealer, maybe you've got a gripe with that dealer for not advising
you as to what PCGS might conclude.

No one should get ripped off in that manner, and there are many
ways to minimize the chance.- Hide quoted text -

- Show quoted text -

Bruce, your first advice was very adequate (i.e., buy a decent
piece, sightseen, already slabbed); that's not the game the OP
wants to play.

oly

I was going to put the coin in an auction raw, and the advice given
to me was to have it slobbed because that's how most people want to
buy them these days. I'm not playing any games, and I don't
appreciate your silly insinuations.- Hide quoted text -

- Show quoted text -

Of course you're playing a game. *And you're not an insider, which is
why you can't win.

Maybe when we boil numismatics down to its component salts, one of them is
indeed a game. *And, like all games, it will be taken more or less
seriously, according to the temperament of the player. *I'd say that
numismatics has room for the entire spectrum of gamers.

And to boot, you'll have to misrepresent the coin for the rest of the
sales process. *Which, obviously you are more than willing to do.

The most common misrepresentation I have seen is trying to get XF money for
a VF coin that somehow got into an XF slab.

James the Overachiever- Hide quoted text -

- Show quoted text -

I believe that it has previously been observed that slabbed coins
follow a form of "Gresham's Law" (Bad Money drives out Good).

Been on sabbatical, mon prof?

oly