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Please Explain/Enlighten What Terms On TPG Slabs Mean.....

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Numisma's Avatar
United States
4963 Posts
 Posted 02/25/2016  01:39 am  Show Profile   Bookmark this reply Add Numisma to your friends list Get a Link to this Reply

Quote:
One school says no net grading, just XF details...

...and that's the school I'm in. In most cases, I'd rather have a VF-35 coin than a damaged EF-40, or at least I would rather know which I was buying.
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Conder101's Avatar
United States
17884 Posts
 Posted 02/25/2016  6:52 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
If you are going to net grade you need to also state the sharpness or details grade and preferably what the problems are that resulted in the net grade.
Valued Member
Canada
402 Posts
 Posted 02/28/2016  7:27 pm  Show Profile   Bookmark this reply Add cdngmt to your friends list Get a Link to this Reply
Sorry I've been/am still away {I'm old and only log on with a computer}.
In answer to goldrush58 (& with a nod to BStrauss3 and coinfrog)I really didn't understand where/what the "details" referred to. My point was (I guess) is that TPG should make the evaluation and hence the values of the coins clearer and more standardized so as to reduce confusion. The use of "details" was like those 'famous' telegrams lacking punctuation that enabled contradictory meanings depending where the missing comas, periods etc went.

That is was the coin downgraded to its current level because of the "details" or were they a sign of possible future problems...(would hairlines mean that some corrosion/rust marks starting to develop that may in the future possibly downgrade the coin). { I guess I still don't understand what surface porousity would mean}.

The way I understand it currently it would have been an XYZ grade if not for the damage is meaningless. Any coin is perfect except where its not.

I will treat it as a no go.

Thanks again for taking the time to explain and help me clear my thinking
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BStrauss3's Avatar
United States
4593 Posts
 Posted 02/28/2016  10:40 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Unfortunately there's very little incentive for the TPGs to standardize on ANYTHING. In some sense we're lucky the 70 point scale was established long ago or ...

-----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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Andrew99's Avatar
United States
1533 Posts
 Posted 04/25/2016  11:13 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I've seen artificial toning that I do not agree with. I've also seen repaired that I cannot see. TPGs have tried to create a sight unseen market for coins. With the common stuff, they have largely succeeded. You can buy 63-65 Walkers and Morgans, Saints and Franklin halves sight unseen in a very narrow price range. It just doesn't work for the rare stuff.
New Member
5 Posts
 Posted 04/26/2016  3:05 pm  Show Profile   Bookmark this reply Add Insider2 to your friends list Get a Link to this Reply

Quote:
Sorry to ask what is probably a silly question but when the slab says things like
1) AU details ....does this mean the coin is AU or only some features are AU like ?
2) what would a qualifier on a slab like corroded mean ? i.e. if the coin is corroded how can it carry a grade of say EF ?

Any explanation that would clarify how to rate the relative condition of a coin with either of these (or other)qualifiers vis a vis similiar graded coins without would be greatly appreciated.


Any one of these posts should have answered your question but now we are on page #2 and it may keep going.

Here is the long answer to your original question:

During a 1970's ANA Authentication Seminar the instructor explained that a very strict system of identifying coins was used at ANACS. He called it "technical" grading as it explained what a coin actually looked like. We were asked to imagine how we would describe (grade) an uncirculated coin that was chopped in half! His answer was "Uncirculated, chopped in half." It was NOT AU or lower (Net grading as practiced by Large cent collectors). Another example would be Uncirculated, rim filed.

When TPGS started. A coin with a rim file was not considered suitable to be put into a slab; and they kept the money. This practice goes against what I was taught: ANY COIN in ANY CONDITION can be described and graded.

Finely, the TPGS got the message. At first one service, ANACS described the problem and then Net graded the coin to reflect its lower value. IMO, this is nuts. It can be demonstrated that the grading services actually DO NOT PUT A VALUE ON A COIN is spite of the claim.

Today, a details grade reflects the way it was done in the beginning. A coin is graded for its condition and then the problem is noted. XF Details - corroded indicates that there is a XF degree of details remaining yet the coin is corroded.
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paxbrit's Avatar
United States
992 Posts
 Posted 05/28/2016  9:59 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
I would prefer it, instead of saying 'Details' or 'Net', the specific words such as 'Cleaned', 'Corroded', 'Mounting Damage', 'Residue', 'Repaired', 'Artificial Toning', and such clear expressions were used.
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