Comments on: PCGS Grades Coins Year-Round in China, First 2014 Panda Coin

By: RonnieBGood

RonnieBGood — Fri, 08 Nov 2013 15:44:40 +0000

Jim – You are right.
They shouldn’t have to say it. If a coin is graded it is deemed to be “Genuine or Secure”. But up to just recently they did not grade real coins that were damaged. They were returned to the submitter ungraded. Now they grade them as Genuine with the defect listed (more money in it for the graders). Faked coins are still returned ungraded.

By: jim

jim — Thu, 07 Nov 2013 01:06:09 +0000

Thanks.
So I guess that makes it relevant but why grade a coin if it’s a fake in the first place? Or are you saying the US based graders aren’t able to tell the difference with foreign coins? I guess I always assumed (incorrectly?) that a coin graded by the top graders was also verified to be genuine as well. Maybe now that PCGS is grading year around any Chinese coins sent to the US for grading should automatically be forwarded to a Chinese office?

By: RonnieBGood

RonnieBGood — Thu, 07 Nov 2013 00:07:43 +0000

Jim, It is PCGS’s equivalent of NGC’s “Genuine” rating. Verification that it is real and not a fake. Unfortunately, so much of what comes here to the US from China are copies and/or faked replicas.

By: jim

jim — Wed, 06 Nov 2013 16:53:34 +0000

OK, I know first strike means nothing (at least in the states) but what does secure mean? I don’t doubt it’s another meaningless word PCGS is adding to artificially increase the value of the coin but what’s it’s purpose?

By: jimmy

jimmy — Wed, 06 Nov 2013 15:38:02 +0000

good luck to c h i n a investors.