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 Replies: 1,581 / Views: 148,659 |
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Valued Member
United States
165 Posts |
5 days till 2020, but some of us are stuck in the 1970's or earlier. With a database of 10,000000+ graded ASE pictures on file, my guess is that a machine would be able to identify what the human graders have already determined the similarity of grades:70, 69; etc. There is a well documented specification of what Humans have already determined the grades should be. The main point is what the grading companies are doing now isn't working very well, and the way to survive is to adapt and change to meet your customers needs. |
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Pillar of the Community
United States
7042 Posts |
Ding,ding,ding,ding,ding I see round 2 has started.....  |
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Bedrock of the Community
13014 Posts |
Quote:5 days till 2020, but some of us are stuck in the 1970's or earlier. With a database of 10,000000+ graded ASE pictures on file, my guess is that a machine would be able to identify what the human graders have already determined the similarity of grades:70, 69; etc. So 1970s for a human to even make a post where is the AI better version of your idea?  Quote:
The main point is what the grading companies are doing now isn't working very well, and the way to survive is to adapt and change to meet your customers needs. The market disagrees but you can have your own personal opinion. |
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Pillar of the Community
Canada
857 Posts |
For what it's worth, I do feel that with the right steps, computer grading could at the very least be more consistent with things such as classic coin grading, but in all honesty I would really only see the best use (note I am far from an AI programing expert) would be quickly scanning coins such as ASEs and differentiating between 'split hair' grades like MS-69 and MS-70 where the differences would likley be purly technical.
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Valued Member
United States
452 Posts |
PCGS patented an automated coin grading system using 'widely available microcomputer hardware' back in 1991 and never really did anything with it as far as I know. That patent has been expired for almost a decade now.
It's fair game for anyone to capitalize.
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Pillar of the Community
United States
1913 Posts |
Quote:
The main point is what the grading companies are doing now isn't working very well, It seems to me that it's working pretty well for the 3rd party grading companies. People are buying whatever certifications they conjure up. Look at this thread. There's way more talk about what grade these companies are going to give on the coins than the details of the coins themselves. The tail is wagging the dog. Until people start questioning the value of the services they receive, I don't think the 3rd party grading services will see any reason to change. |
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Pillar of the Community
United States
7276 Posts |
@Bret Not all of us are caught up in TPG hype. I posted my coins and got no comments since they were in the OGP. In the end I'm happy with what I have and others are happy with their slabbed coins. To each his own. BTW I agree with you :) |
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Pillar of the Community
Canada
857 Posts |
Quote:
Until people start questioning the value of the services they receive, I don't think the 3rd party grading services will see any reason to change. I think recently there has been a big increase in people seriously starting to try and educate themselves and become more independent, especially with the younger generations of collectors such as millenials and 'Gen Z'ers who have become more critical and questioning of things in general. I think there will start to be more of an increase in collectors people who start to really weigh the value of what the TPGS provide, and if these kinds of collectors start to make up a majority or a large percent of the market as a whole it's likley the TPGS will see reason to change to fit newer/changing market trends. Edited by Numis-Northerner
12/28/2019 12:03 am
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Valued Member
United States
170 Posts |
Finally got my coin back this morning. Not a 70 but it makes it easier to keep for myself.   |
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Valued Member
United States
165 Posts |
Does anyone know if ebay collects sales tax on all of these $2,000 ERP sales? |
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Pillar of the Community
United States
5615 Posts |
pilotaggie, That's one beautiful Coin....  Could You clearly see the reason for Not being a 70?. I can not.... A coin in hand, tells the whole story, vs a picture........  |
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Pillar of the Community
United States
4901 Posts |
Quote:Does anyone know if ebay collects sales tax on all of these $2,000 ERP sales? It collects tax from buyers in states (around 30) that require it to be taken. |
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Pillar of the Community
United States
5615 Posts |
I thought this 30,000 mintage was an incredible move on the NEW director's ability to draw in or give the coin collector enthusiast's, another way to appreciate the hobby, and what do I read, all about ( in the last few or more pages,) the TPG'S.... I believe the 3rd party " grader's " have a Wonderful Service going, They apply a grade and encapsulate coins and charge heavily for the same, Where people who have the eyes they do, just rather depend upon a "Service " to do the work, IMO, they can easily do, But wait, There is another company, that "double checks " the first grading company, there is plenty of $$$$ and peeps to let this all happen, which might be owned by the same services too, which was crafted after the slab people saw, there is room for, ER, FDOI, FS, ETC, and yet another service, and they will take ALL your $$$$$ and You will even go back for more, the people who are making the most $$$$... PS, Coin collecting has gone through many advances, IMO, I feel the slabs are a service, where people have come to cash-in on, Lots of $$$$$ in the slabs business, rather than collect, which is another point, HOW did people ever get along, without the "TPG'S ".... So much for knowledge and critical thinking on one's own behalf..... Maybe( I saw this topic discussed here earlier) They will create another offshoot company to grade the brown cardboard boxes the Fulfillment center sends out too....... Stay tuned, THIS is all reality......  oh, Please spare me the lecture and the highlighted quotes, and We all know who they are... Be Cool, coin collecting 101.....All, just my opinion..... |
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Valued Member
United States
165 Posts |
I recently read that internet sales exceeded sales in physical stores during this holiday season. In an internet world, we need an independant way of evaluating a coin that we can not physically inspect prior to purchasing, the TPG provide that service. There are many other reasons have a coin collection graded, including providing your beneficiary with an easy way of understanding what you collected, etc. Let's not get into all the pretty labels, that add additional costs to the purchase. I was very surprised at what several members mentioned was their cost to get their ERP graded. I paid $159.50 to get five coins graded and shipped back to me. That plus my cost to ship to the TPG brought my average cost per coin to almost $36. That is 2X the spot value of the 1 oz. of silver in each coin. That does seem too expensive to me, but an alternative doesn't exist. Maybe we can fill a few pages on the forum to discuss which Team you belong to, and why one is better than the other: Team PCGS or Team NGC. I have not noticed any price difference in sales of the ERP on ebay between PCGS or NGC. |
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Pillar of the Community
United States
7276 Posts |
I'm team no TPG for coins that I purchase from the US mint, but I'm in the minority here. |
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Posted 12/27/2019 10:12 pm
