How To Assign A Net Grade

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Originally posted by Speedy

Alright...lets say you have a coin that has been cleaned or somthing eles...Lets say its a AU coin...but it has been cleaned...what would be the Net Grade?

How do you decide on how many points to take off?

Thanks
Speedy

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Now this is a subject in which I have a LOT of experience - all those "BU", "Original", and "Problem free" coins which I've had to send to ANACS for a net grade has taught me a lot.

It appears that if a coin was very, very lightly cleaned 250 years ago and really shows almost no sign of it, take off one point if it's been circulated, two points if uncirculated, e.g. from AU down to XF-40; from MS-62 to MS-60 (or maybe AU-58; some may argue a cleaned/damaged MS coin should be downgraded to circulated condition and this has been my experience with ANACS).

If the coin had harsh cleaning, was whizzed or polished, or damaged, it depends upon the degree of damage/cleaning. A really rough cleaning or graffiti damage could drop an AU down to VF or even F.

But, if you send the same coin off to SGS, FRG, CRC, PGS or some of the other wonderful new companies, you won't have to worry about a net grade since it'll come back MS-70 (well, maybe if the coin has been run over by a train, perhaps MS-67).

Before editing, that was Impact; the above is now Book Antiqua, Size 3.

Fred, you are killing my eyes with that font.

There have been good replies so far. Let me add this.

Old cleaning 1 to 2 points depending on toning.
New cleaning 3 to 5 for light, 10 or more for harsh.
Whizzing or polishing, two or three full grades.

Lastly, unless it is truely a very nice coin, pass on it. Too many good coins out there to buy a harshly cleaned or newly cleaned coin.

Sorry to be the odd person out on this issue. I don't assign "Net Grades". I grade the coin, state the problem and let the buyer decide what the "Net Grade" will be. My pric is not based on the grade but on how much I paid for the coin. This being the case grading is becomes a method of describing the condition of the coin.

catman

Catman
Now that is neat!!
I'll have to think about that for while....

Speedy

I have always described it if there was past cleaning or whatever and when I state my grade, I give a grade for details and then my opinion of what the net grade is due to the cleaning or whatever. One of the reasons I do this is because my pricing is partially based on grade. I buy and sell at the same grades, but I have found that people appreciate knowing how I arrive at a grade on a coin. It saves problems later.

I'm a little late on this post but I have an ANACS slabber that has the same technical and net grade assigned even though it also states that the coin has had the date "Tooled". It is an 1806 Draped Bust half graded VF details net VF20.Personally I think they mistook a severe die break at the end of and through the bottom of the date as "tooling" It is a Breen 4591 and I found the die break description in Overton at the coin shop but can't locate where I wrote down the Overton number. My copy of “Overton’s Early Half. Dollar Die Varieties� is in the mail!!! Mike

Thanks Speedy I'll give it a whirl. I'm waiting for a couple of e-Bay purchases to be delivered and I'll send it off with them. My Overton book came today so I'll have it I.D'ed tonight. Mike