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 Replies: 5 / Views: 1,466 |
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Valued Member
83 Posts |
Following insightful comments by moderator SsuperDdave are from topic post in "Third Party Grading" forum:https://goccf.com/t/160006Quote:
I feel that perceived gap in quality does not exist today to the extent that it once did. One reason that gap is lessening: the Internet Age is ushering in a new generation of numismatists (many of them the same old numismatists with a cool new tool) who are more capable of grading the coin and not the slab due to exposure to huge stores of information and shared advice formerly unavailable to them. Quote:
As regards marketplace value, the reality is undergoing a sea change as we speak and I honestly do not expect the perceived difference in quality to do anything but lessen going forward. Do not discount the impact the Internet is having on the sophistication of the average collector. I'm going to throw out 5 years as a number (possibly more, probably not less) as the point where the average buyer - even if they lack the personal chops to eye-grade the issue appropriately - will have not only access to sufficient information, but knowledge that the information exists and the sophistication to access it, sufficient to make informed decisions of any issue and judge the coin regardless of the slab. These links are to interesting PCGS Coin Grading webinars:https://goccf.com/t/158816http://www.youtube.com/watch?v=DTcd...D_5iHXu09wNgScotts Canadian Coins
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Pillar of the Community
Canada
2495 Posts |
By what I'm reading from the above quotes, you suggest..... that in the near future, collectors through the knowledge of the internet and other sources will not have the dependence of slabbed coins.
If I've understood this to be correct I have the following to say....
Nothing could be farther from the truth.
And I say this in regards where the real money is in this hobby - the high end coins.
Collectors (and dealers) no matter how educated they are will not spend top dollar on a top Pop coin if the coin is not in a top tiere Grading company slab (or holder).
The coins that sell at Heritage auction for $5000, $20,000 or even as high as 1 million dollars would never sell for the SAME amount of money if they were offered raw (or uncertified).
To suggest otherwise, in my opinion, is true folly.
Edited by doubleeagle59
10/30/2013 7:17 pm
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Valued Member
 83 Posts |
Hi double eagle,
I respect your knowledge and opinion 
And I totally agree with you in terms of the high-end of the spectrum.
Unfortunately, the vast majority of us don't have the "real money" to invest like the major players.
My intent, is to encourage the rest of us to become better practiced at the art / science - and to inform the newcomer to the hobby / addiction, that they can't just assume that grade assignments from 3rd party companies will be correct.
And that is most evident at lower grades, where the 3rd parties are not spending much time on making assignment of grade.
When you get to the level of Heritage, where most coins offered have been certified & slabbed by PCGS, I would have more confidence in the reliability of grade assignment.
Keeping in mind however, that at high-end MS they will more readily assign grades up into MS67 / MS68, whereas this level is almost never assigned by the (albeit inconsistent) Canadian ICCS base-level standard. |
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Moderator
 Canada
10463 Posts |
Quote:
Keeping in mind however, that at high-end MS they will more readily assign grades up into MS67 / MS68, whereas this level is almost never assigned by the (albeit inconsistent) Canadian ICCS base-level standard I am not going to even touch the circulated end of the Sheldon scale, because I don't collect there. But your logic is flawed when it comes to the upper echelon of Canadian coins. PCGS grades of MS-67, MS-68 and MS-69 on business strikes are not "readily assigned" by PCGS. They are given only to the coins that are the very best. Hold an MS-68 in your hand and ask yourself, why on earth would ICCS only grade this a 66? In my opinion, PCGS are using the upper end of the Sheldon scale with better accuracy and to a lesser degree, better precision. I collect at the upper end of my series, with registry sets, and I think ICCS grades with high precision (very reproducible) but poor accuracy. If you were to put the very best of all Canadian coins in ICCS holders, there would be a log jam of coins at the MS-65 and MS-66 grades, and the variability between any two given similar coins with similar grades would be high... probably the large and small cent series would be best example to show the worst of ICCS, but examples are abound - in all strikes and all series... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
Edited by SPP-Ottawa
10/30/2013 11:00 pm
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Pillar of the Community
Canada
1581 Posts |
Interesting.
But, what does a ICCS MS-68 look like?
ICCS does do a lot of MS-67, so why did the PGCS MS-68 only get ICCS MS.66?
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Bedrock of the Community
Australia
21788 Posts |
Freely available photo grading standards are making it much easier for all collectors and dealers, and is helping to control gradeflation.
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Replies: 5 / Views: 1,466 |
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Posted 10/30/2013 8:05 pm
