AU-53? - Coin Community Forum

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Author	Replies: 5 / Views: 1,307
jakedacc Pillar of the Community Canada 1177 Posts	Posted 07/21/2013 9:03 pm Why does grading companies grade coins with such odd numbers. G-4, G-6 ect makes sense but I purchased a coin NGC graded AU-53 How does one put a value on it? Report this Post to the Staff

john100 Pillar of the Community Canada 5324 Posts	Posted 07/21/2013 9:19 pm its a simple sliding scale from 0 to 70. with 70 as best grade, over 59 the coin is a mint state coin Report this Post to the Staff
lknerr Valued Member United States 167 Posts	Posted 07/21/2013 9:29 pm Type in NGC price guide on the web. Then look up your coin, they even have world coins Edited by lknerr 07/21/2013 9:32 pm Report this Post to the Staff
DBM Pillar of the Community Canada 9874 Posts	Posted 07/21/2013 10:27 pm Tough to put a value on Canadian coins in NGC slabs.They have a reputation for overgrading especially in circulated grades,the coin is almost certainly not AU53 by Canadian standards.You must be able to properly assess the grade for yourself and then determine a value. The NGC price guide for Canadian coins does not include a full range of grades,though the prices seem to be in line with their optimistic grading. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
jg86 Pillar of the Community Canada 686 Posts	Posted 07/23/2013 3:56 pm I would assume that NGC felt that there are enough coins better than AU-50 and worse than AU-55 to make this a point on their scale. I can justify this on the higher end of the scale (where AU-50 and AU-55 might be worth $500 and $800, respectively) - there is a big enough difference in values, and closing the gap could be worthwhile. However, on the other end of the scale, I fail to see the point of Poor, Fair and AG-3 being three seperate grades (apart from low ball collectors). Grades like F-18, and VF-25 also seem a little pointless to me (there aren't too many coins, apart from old Vickies, where the difference between F-15 and VF-20 is more than a few dollars). Report this Post to the Staff
GaryN Valued Member Canada 293 Posts	Posted 07/24/2013 10:22 am For me, I usually pick one of the common grading numbers, then if it has minor + or - like toning, blemishes, I'll raise or lower it a few points based on that. Maybe they're doing something like that as well? Report this Post to the Staff
	Replies: 5 / Views: 1,307

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