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I'm at VF35.
"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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Pillar of the Community
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zxcccxz, and there in one or two lines we define the difference between technical and market grading!
Both need to address the fact that gold is a soft metal and the early coins really did circulate and accumulate the marks from it.
Technical grading says this amount of contact and wear = this grade, this amount more is this lower grade. And if it means there is no such animal as an XX-## then s'beit, there are just no coins with that amount of wear.
And then the slippery slope appears. What do you mean there is no such coin as an XX-##? I want to buy one... So then you adjust things saying from here to here is the best 10% of reality so those are your XFs. This is the next 25% which must be your VFs. And now you are grading on a curve.
Yup - market grading - where all our coins are above average (with apologies to Garrison Keillor).
And I didn't say Guess the PCGS grade, so I can't vote you off the island :-)
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Comparing this one to an 1846 $10 PCGS XF45, this one looks a bit more worn. The number of scuff marks and scratches is probably about the same, although your lighting may tend to emphasize scuffs/scratches and minimize luster?
I assume the grading standards are about the same for 1846 and 1852, so this one might be XF40, VF35, etc.
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Pillar of the Community
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1002 Posts |
Looks like good honest wear on that one, and it did what it was designed to do - bought things! VF30ish from here, XF40 wouldn't surprise me, nice piece of history  Edited by Night-Hawk
06/01/2015 6:27 pm
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Pillar of the Community
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Bedrock of the Community
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Based on the talons and shield I think they gave it EF40
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5417 Posts |
Quote:
zxcccxz, and there in one or two lines we define the difference between technical and market grading!
Both need to address the fact that gold is a soft metal and the early coins really did circulate and accumulate the marks from it.
Technical grading says this amount of contact and wear = this grade, this amount more is this lower grade. And if it means there is no such animal as an XX-## then s'beit, there are just no coins with that amount of wear.
And then the slippery slope appears. What do you mean there is no such coin as an XX-##? I want to buy one... So then you adjust things saying from here to here is the best 10% of reality so those are your XFs. This is the next 25% which must be your VFs. And now you are grading on a curve.
Yup - market grading - where all our coins are above average (with apologies to Garrison Keillor).
And I didn't say Guess the PCGS grade, so I can't vote you off the island :-) Indeed. This is where I get a little cranky, because I do not agree that coins of the same series and type should be graded different simply based on factors such as rarity or collector pressure. Sure, a difference in strike or similar factors are fair game IMO when grade scaling based on Mint or date, but scaling a coin's grade or giving it a problem-free designation simply based on there being a lack of problem-free specimens is wrong. I understand that gold is a soft metal and that the larger coins are more susceptible to rim dings and such, and so it's fair to be a little easier when grading them as compared to copper or silver or smaller coins. However there shouldn't be such a large disparity between coins of the exact same type, size, composition and era simply based on collector pressure. This is all my opinion of course, I'm not a huge collector of US gold, and the few that I do have are not rare dates either, so what do I know. Your coin is still very nice, but I thought I'd explain my reasoning behind "XF-40 Details" is all. Edited by zxcccxz
06/02/2015 12:55 am
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Bedrock of the Community
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10982 Posts |
My gut says VF35 but my head says XF40. :)
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Pillar of the Community
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1566 Posts |
Quote:
I did, I gave my opinion of what the grade should be rather than what PCGS gave it. Good man. |
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-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Replies: 20 / Views: 2,272 |
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Posted 06/01/2015 12:30 am
