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 Replies: 114 / Views: 14,672 |
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Pillar of the Community
Australia
1295 Posts |
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Hi all, just hoping to add my two-bob (two shillings), I always refered to the following two links because of the depth of information, but SAP has a far more honest & open opinion not having a retail business or the surname; Eigner. The main reason I referred to the Drake Sterling was because of the picture which I printed & stuck in the front of my price guides. I found it a useful tool for comparison/s. The major issue is that the owners of both sites share the Eigner surname...coincidence? Maybe they're just trying to see the rise of PCGS in Australia. They are brothers, I know the one that runs Drake Sterling quite well. The other I've never met. They've got no business relationship as far as I am aware. Edited by markn
03/15/2012 7:56 pm
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Pillar of the Community
 Australia
762 Posts |
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I always refered to the following two links because of the depth of information Thanks for the links goatieman but they have just left me more confused.  The coloured graph says that au55 is the equivalent to the lower end of aUNC. The table in the second link says it is equivalent to aEF. That is a large difference |
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Pillar of the Community
Australia
1295 Posts |
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Thanks for the links goatieman but they have just left me more confused.
The coloured graph says that au55 is the equivalent to the lower end of aUNC.
The table in the second link says it is equivalent to aEF.
That is a large difference That's why those charts are useless. Grade each coin on it's merits with whatever standard you choose to apply. There's enough difference in the method that PCGS grades coins with and the Australian grading standard that a one for one conversion just isn't possible. For example, PCGS grade lustre very highly. As a result you'll sometimes see almost flawless Aussie coins with attractive toning graded as MS63 or MS64 by PCGS but they are easy Gems under the Australian standards. On the flip side PCGS can be lenient on "rub" and judge it as roll friction and apply a low MS grade to a coin that would be AU or even gEF here in Australia. |
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Pillar of the Community
Australia
7096 Posts |
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That's why those charts are useless. Grade each coin on it's merits with whatever standard you choose to apply. There's enough difference in the method that PCGS grades coins with and the Australian grading standard that a one for one conversion just isn't possible. For example, PCGS grade lustre very highly. As a result you'll sometimes see almost flawless Aussie coins with attractive toning graded as MS63 or MS64 by PCGS but they are easy Gems under the Australian standards. On the flip side PCGS can be lenient on "rub" and judge it as roll friction and apply a low MS grade to a coin that would be AU or even gEF here in Australia.
 This is precisely the reason that PCGS has no business grading Australian coins. Now if there was an unbiased and reputable Australian company that graded and slabbed coins ( for those that like that sort of thing) I think they would do well. As long as the coins are graded by Aussie graders for Australians. They could be marked with both grading systems that way Aussie collectors would be able to equate the Sheldon grades with our own grading system. |
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Pillar of the Community
Australia
1295 Posts |
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This is precisely the reason that PCGS has no business grading Australian coins.
Now if there was an unbiased and reputable Australian company that graded and slabbed coins ( for those that like that sort of thing) I think they would do well.
As long as the coins are graded by Aussie graders for Australians.
They could be marked with both grading systems that way Aussie collectors would be able to equate the Sheldon grades with our own grading system. There have been two biggish attempts at this. ACGS was the better of the two and they used the Sheldon system but what standard they used to apply it isn't known to me. The other was run by Walter Eigner and to be perfectly frank, the grading was rubbish and whatever standard he used was a mystery to me. The Australian market just isn't big enough to warrant a full time, un-biased (that is not affiliated with a dealer) grading company. |
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Pillar of the Community
Australia
869 Posts |
With Klaus Ford writing the ANDA grading guidelines...he'll never ever like PCGS. I asked him about getting my top 20 coins slabbed & he pretty much said it would be a waste.
I don't know any more, maybe that's why I've stepped into notes in such a big way.
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Moderator
 Australia
16868 Posts |
I just want to point out that both of the brothers mentioned earlier in this thread have been members here on CCF for almost as long as I have (though neither could be considered regular posters). Please refrain from comments that could be considered defamatory or a personal attack.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
7096 Posts |
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I just want to point out that both of the brothers mentioned earlier in this thread have been members here on CCF for almost as long as I have (though neither could be considered regular posters). Please refrain from comments that could be considered defamatory or a personal attack.
Good on ya Sap  , every member should feel free from being personally bagged on this site. Unless it is me, I have skin like a Rhino so if anyone wants to bag people pick on me and leave the innocent alone  BUT be warned I give as good as I get  |
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Pillar of the Community
Australia
515 Posts |
I would never buy a coin based on the grade on the slab alone. Personally I like/dislike characteristics of a coin that can affect it's grade or where more or less weight is put on this characteristic by PCGS. I do like that the PCGS grade is a place to start and their grading is consistent, gives me some assurances and then I make the decision if I want that coin or not. Simple.
My local coin dealer has his own grading standard, as do all dealers and individual graders. I know his grading and I can interpret that myself. Klaus Ford wrote the ANDA grading standard, that's the standard he grades by.
p.s I am on a quest for perfect coins and I'm not winning.
Edited by the-purple-penny
03/16/2012 04:06 am
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Pillar of the Community
Australia
7096 Posts |
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p.s I am on a quest for perfect coins and I'm not winning join the club Loved your post by the way  |
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Pillar of the Community
Australia
869 Posts |
SAP, I'm bagging them out or making defamatory comments I was simply stating that they're some of they guys looking to take PCGS to the next level; one being that they both know copious amounts about PCGS & two being they both deal in PCGS. I've met both of them at ANDA shows in the past. I've spoken to Eric on a few occasions & I've been receiving his newsletters for quite a while. They love PCGS coins. They chose that path. I'm a basic collector still trying to work out what's best for me.
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Pillar of the Community
Australia
7096 Posts |
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SAP, I'm bagging them out or making defamatory comments I was simply stating that they're some of they guys looking to take PCGS to the next level; one being that they both know copious amounts about PCGS & two being they both deal in PCGS. I've met both of them at ANDA shows in the past. I've spoken to Eric on a few occasions & I've been receiving his newsletters for quite a while. They love PCGS coins. They chose that path. I'm a basic collector still trying to work out what's best for me.
Good on ya Mate don't let the *** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. *** get you down . If these blokes want to go with PCGS let them do it with their money not ours. The BS grades by PCGS will double their inventory over night  And IMHO that is just downright dishonest and UN Australian. I hate the invasion by PCGS on our quiet little mob of coin collectors and the confusion it is causing. We don't need a US corporate body telling us how we should collect our coins. We should all say BUGGER OFF to em, an leave us alone . We are alright JACK |
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Valued Member
119 Posts |
I get my better coins and the ones at work sent to PCGS
I do not appreciate people like sap and trout implying that I am dishonest because I do so
I call on the moderators of this site to suspend those two trouble causers before they destroy this site.
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Pillar of the Community
Australia
4411 Posts |
Surely this is a troll? Sap is a moderator |
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Pillar of the Community
Australia
7096 Posts |
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I get my better coins and the ones at work sent to PCGS
I do not appreciate people like sap and trout implying that I am dishonest because I do so
I call on the moderators of this site to suspend those two trouble causers before they destroy this site.
I did not mention any names in my post so how could I be Bagging you personally. What was posted is my opinion and I am entitled to it. This thread has been a lively discussion about the different grading systems and we all hold different views on the matter. Why on earth should I be suspended just because I hold a different view to you. With your post YOU are the one making a personal ATTACK and that I OBJECT to. But hay, I have thick skin and I am not asking for your resignation or banishment. So just sit back and take a deep breath and let people have their own say without you trying to censor them |
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Posted 03/15/2012 8:19 pm
