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 Replies: 26 / Views: 3,670 |
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Pillar of the Community
United States
4846 Posts |
Quote:
Could you explain this statement to the uninformed. Me! I could try: TPGs don't take into account the colour, or eye appeal of a coin because toning is very subjective, some like it, some don't. And they can't appeal to both types of people. Luster, however, is not a subjective subject, it doesn't touch on whether or not it looks good, just whether or not it's actually there, and how much of it is there. If you were to take toning into account with a grade, opinions would sway the grade of the coin a lot, let's say someone on the grading panel loves this type of toning, they would probably grade it a bit higher than someone who dislikes it, so becomes a very subjective grade and could be drastically different if you were to crack it out and resend it. Due to this, they don't consider it at all in grading. Edited by Adam_E
08/19/2014 4:08 pm
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Bedrock of the Community
United States
17884 Posts |
Also notice they said it doesn't affect TECHNICAL grading it can affect market grading where grade is assigned based more on what the coin will sell for.
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Pillar of the Community
United States
4897 Posts |
Thanks Adam and Conder. You both said it well.
Edited by amida17
08/19/2014 5:16 pm
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Pillar of the Community
United States
4897 Posts |
Market Grade - The grade at which most reputable dealers and auction houses would offer an uncertified coin. Also the standard employed by the N.C.I. (Numismatic Certification Institute) grading service. Often the retail market grade is less conservative than the technical grade. Factors other than the state of preservation are taken into account. Generally, a coin graded by retail market standards trades dealer to dealer at less than the current Coin Dealer Newsletter "bid" price, but often substantially over the "bid" price for the next lowest grade. CDN "bid" prices usually reflect wholesale trading ranges for the most conservatively graded coins on the market. (Synonym: "Commercial Grade"). Versus Technical Grading - A system of grading which only takes into account that which has happened to a coin after the minting process (i.e. the state of preservation). Generally, technical grading is ultra critical of post-minting process imperfections affecting surface preservation and lustre. Technical graders often ignore strike and eye-appeal. Although not always as meaningful in the real marketplace, technical grading tends to be more conservative, as a rule, than market grading. From.... http://www.coingrading.com/glossary1.html |
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Pillar of the Community
968 Posts |
The major TPGs market grade regardless of if they admit it or not.
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Pillar of the Community
United States
4085 Posts |
I will be interested to see where this one ends up. Just for reference, Numismedia says:
MS63 $325
MS64 $450
MS65 $880
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Pillar of the Community
United States
7840 Posts |
I would pass on this as well, I like toning, but not this type. At least it has a return policy on it, may be worth the risk that it looks better in hand.
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Pillar of the Community
United States
4897 Posts |
Quote:
The major TPGs market grade regardless of if they admit it or not. I am not one to buy slobbed coins, however,I agree. Except, not always....from what I've seen there is NO consistency with how they grade. Keys and the such certainly seem to garner more leniency. Just learn how to grade and know what YOU are looking at seems like the most sensible solution. Edited by amida17
08/19/2014 10:21 pm
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Pillar of the Community
968 Posts |
Or learn how the TPG's grade, and make money buying raw material that is underpriced relative to it's value in a holder.  |
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Pillar of the Community
United States
4897 Posts |
Yes...this is true. I definitely need to stop my personal bias toward slobs. It's hard...ya know? I find it difficult to get past the whole cannot touch it thing.My main focus is post-colonial and old copper. I am not in this game to make a killing on others, just wan't to buy stuff I like and can touch. Break even, ya know? If I can turn a quick profit it is just a bonus.....
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Rest in Peace
United States
4078 Posts |
Thanks all for the information. Amida17 said, Quote:
I am not one to buy slobbed coins, Me to and  Edit Lets give credit to the term, 'Slobbed coins," to BiggFredd, my he RIP. Thanks Amida17 for using a term from an amazing CCF member.  I use the term and get the  Sorry Tkbsic for hijacking your post. The term 'Slobbed" means a lot at CCF. Edited by bpoc1
08/20/2014 4:00 pm
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Pillar of the Community
968 Posts |
Amida, there's some nicer stuff you collect in slabs... Buy the coin, not the holder. Crack 'em out once ya get 'em. all it takes is some bolt cutters/tin snips.
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Pillar of the Community
United States
4085 Posts |
Just as a follow up, this coin ended for big money - $1,225. That's significantly more than Numismedia for MS65 which was $880.
Kinda surprised me but who knows...
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Pillar of the Community
 United States
1158 Posts |
That's just crazy money for that coin. Makes me want to put my coins away wet.
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Pillar of the Community
United States
9792 Posts |
That coin looks like at least a technical MS65 FH but the photos are too out of focus to tell, so the buyer is relying on the NGC grade and any return privilege the seller offers. One cannot really grade by static photos alone, one must have the coin in hand to be able to really see from all angels and let the light cartwheel around to tell areas of light wear or rub. Photos are good when they are good and unhelpful at best like the ones for this SLQ are.
I agree the eye appeal on this particular coin is not very good, though even with the mediocre photos I'd agree with MS65FH as the technical grade.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2˘ variety collector. See my want page: http://goccf.com/t/140440 |
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Replies: 26 / Views: 3,670 |
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First Page
Posted 08/19/2014 5:12 pm
