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Pillar of the Community
austrokiwi's Avatar
2087 Posts
 Posted 02/17/2013  01:04 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply

Quote:
..........he rejected the job offer. His impression was that they were interested only in fast turn around times and competence with grading US coins focusing on the MS grades. He felt that it was underpaid and high pressure. He did not like the prospects.



Its concerning that all they want to do is focus on MS grades IMHO the grade is only one factor, more important than anything else is the story behind the coin.
Valued Member
hammerrob's Avatar
United States
98 Posts
 Posted 02/17/2013  09:12 am  Show Profile   Bookmark this reply Add hammerrob to your friends list Get a Link to this Reply

Quote:
Quote:
..........he rejected the job offer. His impression was that they were interested only in fast turn around times and competence with grading US coins focusing on the MS grades. He felt that it was underpaid and high pressure. He did not like the prospects.



Its concerning that all they want to do is focus on MS grades IMHO the grade is only one factor, more important than anything else is the story behind the coin.


Spoken like a fellow collector ... however, the TPG business is really about supporting investors/speculators. No one can really tell the difference between MS65 and MS66, but if a TPG gives it a 66 it is immediately be 'worth' a boatload more money. They are only interested in the MS grades because that's where probably 75% of their business is.
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CoinsKelly's Avatar
United States
3453 Posts
 Posted 02/17/2013  11:08 am  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
And get between 66 and 67 then 69 and 70...the best I can do when grading most anything higher than a 64 is say mid-MS or high-MS; even at low-MS do I rarely assign a grade.
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swamperbob's Avatar
United States
5362 Posts
 Posted 02/17/2013  11:42 am  Show Profile   Bookmark this reply Add swamperbob to your friends list Get a Link to this Reply
I still prefer the grading I learned as a kid.

Three categories

Almost Uncirculated

Uncirculated

Brilliant Uncirculated

And the difference in price was insignificant! I still do not see a real difference in value based on wear.

If you really want to look for something that actually sets a coin apart from its peers look for a perfect strike. In the older screw press strikes - they are 100 times rarer than a coin with no post strike wear. The screw press strikes were positioned by hand so eccentric strikes are common - it always amuses me to see someone call an eccentric strike a "mint error." The same applies to double struck originals, cracked dies, clashed dies and lapped dies. In the older manual presses the chances of getting the perfect strike are extremely remote.

Most "perfect" strikes will be produced on power presses with mechanized feeders. For instance my favorite series the Cap and Ray Eight-reales a perfect strike dated before 1830 is EXTREMELY rare. But after say 1880 they become rather common as power presses came on line.

But I prefer a nice toned VF or EF for collecting purposes. They have a story to tell. Mint State means the coin went into a vault and sat there 200 years - BORING.

But for NGC and the other TPG's strike is secondary. Too bad.
Valued Member
hammerrob's Avatar
United States
98 Posts
 Posted 02/17/2013  1:44 pm  Show Profile   Bookmark this reply Add hammerrob to your friends list Get a Link to this Reply

Quote:
But I prefer a nice toned VF or EF for collecting purposes. They have a story to tell. Mint State means the coin went into a vault and sat there 200 years - BORING.


This is why I collect chopmarked coins ... they are good storytellers!
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