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1894 IHC Grade Vs TPG

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Pillar of the Community
Canada
683 Posts
 Posted 08/13/2018  5:57 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
. It's really hard to understand how this could have got past 2 PCGS graders (They do have 2 people look at the same coin don't they? Or is it just for the rare ones?) and got a CAC sticker by the pictures provided


http://goccf.com/t/314706 this thread here shows that sometimes even CAC will miss a mistake made by the tpgs.
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2843 Posts
 Posted 08/13/2018  5:58 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list

Quote:
Really not really. A tiny bit of rub on an otherwise pristine coin no longer limits a coin to AU 58. Grading has been evolving for decades to be moving more towards a fluid scale and eliminate that dumb hard line in the sand.

Can you please cite a source for that info?
Can you show where PCGS/NGC openly admits that a coin with a rub can be graded MS and is not AU at best?
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 Posted 08/13/2018  6:03 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
sometimes even CAC will miss a mistake


Time for instant replay like MLB
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Canada
683 Posts
 Posted 08/13/2018  6:07 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

1894-IHC-Grade-Vs-TPG

A screen shot from PCGS' website stating that an MS-60 coin will show no wear.
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United States
8715 Posts
 Posted 08/13/2018  6:09 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
If a coin has wear, using the Sheldon scale, it HAS to grade AU-58 or below.

No need to make up facts to support this "market grading" phenomenon.
Rest in Peace
10197 Posts
 Posted 08/13/2018  6:23 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
Beauty is in the eyes of the holder....er....

Where's Earle42's CAC sticker parody when we need it?

HERE IT IS!


1894-IHC-Grade-Vs-TPG

Thanks Earle!
Edited by Crazyb0
08/13/2018 6:27 pm
Pillar of the Community
United States
8715 Posts
 Posted 08/13/2018  6:43 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
IMO, I do believe TPGs are useful in today's coin market, especially for authentication. When selling high value coins online, buyers will want some form of authentication for the coin. TPGs are useful for this. Even when selling such coins in person, buyers may want authentication.

However, there is one point on which I have trouble with TPGs - market grading.

Many times, the TPGs are correct. However, sometimes I will see them give high AU coins an MS grade, damaged or cleaned coins a straight grade, etc. It seems that TPGs are very lenient with some series, especially Capped Bust, Seated, and Barber coinage when it comes to "market acceptability" and "market grading." I am not a fan of market grading, as I think it doesn't make sense. Why grade a coin that is higher AU, an MS grade? Just because it has "only a little rub?" Using that logic, I could say "If a coin has only a little rub, why should that stop it from grading MS?" I don't think this makes sense. I also believe coins that clearly deserve a Details grade should get a Details grade, not get a straight grade because of market grading.

/rant

Bedrock of the Community
13014 Posts
 Posted 08/13/2018  7:45 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
No actually, if a coin has wear it is no longer mintstate. if PCGS graded a coin mint state (let alone MS-64) with wear, they would be overgrading it.


That hasn't been the case with grading for many years.

It's pristine coins otherwise with traces in certain spots, not coins with lots of wear like you guys seem to be interpreting it.


Quote:
Now it sounds like you're just saying CAC can't be wrong, let alone has never made a mistake. This is just not true at all.


Nope I'm not, but their mistakes are extremely rare and they buy them back quick. I'm saying PCGS CAC grading overrules forum grading and its silly too take a look at a picture and say yep they got it wrong.

There is a huge difference between not liking a grade or a coin and them being actually wrong.


Quote:
Now it sounds like you're just saying CAC can't be wrong, let alone has never made a mistake. This is just not true at all.


There's no mistake there either. NGC saw the cheek marks and CAC did as well and they both thought it was acceptable for a VF 30. Had it been showing fresh metal or been an AU or higher yes it would have likely details graded, but being an old mark in a mid grade they found it to be okay.


Quote:
Can you please cite a source for that info?
Can you show where PCGS/NGC openly admits that a coin with a rub can be graded MS and is not AU at best?


The way coins have been graded for the last 20 years or so. It doesn't mean you can have a ton of rub but traces of it or a minimal amount on a spot or two haven't precluded MS grades for quite some time.


Quote:
If a coin has wear, using the Sheldon scale, it HAS to grade AU-58 or below.

No need to make up facts to support this "market grading" phenomenon.


I'm not making up anything. Don't believe me, go ask Insider. Or ask TDN on CU.

The scale has evolved, it isn't a hard line in the sand anymore and hasn't been for some time for coins that are otherwise pristine and just have trace rub on a couple spots.


Quote:
Why grade a coin that is higher AU, an MS grade?


Because the pristine coin with trace rub on a couple spots is superior to the MS 61 Morgan that looks like it got in a fight with a weed wacker.

It was always a fatal flaw in the scale to have two separate systems stacked on top of each other with a hard line in the sand where inferior coins would be graded higher. I like that the line has been dissolving, others won't.

I'm just saying how it is and how grading has evolved over the years. Just like 40 years ago they graded differently then people 100 years ago and 50 years from now their grading will be different than ours today.
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36845 Posts
 Posted 08/13/2018  7:46 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
MS details, slightly used.
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Canada
683 Posts
 Posted 08/13/2018  8:05 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
. There's no mistake there either. NGC saw the cheek marks and CAC did as well and they both thought it was acceptable for a VF 30. Had it been showing fresh metal or been an AU or higher yes it would have likely details graded, but being an old mark in a mid grade they found it to be okay.


Doesn't a CAC sticker mean superior eye appeal or solid for the grade? Just because THEY thought it was doesn't mean it actually is, that coin should have gotten a details grade, just because NGC and CAC thought it shouldn't have, doesn't mean they're right.


Quote:
. That hasn't been the case with grading for many years.

It's pristine coins otherwise with traces in certain spots, not coins with lots of wear like you guys seem to be interpreting it.


Could have fooled me as almost every numismatist I've met would say otherwise, including PCGS' own grading standard.


Quote:
. There is a huge difference between not liking a grade or a coin and them being actually wrong.


This with, however when tpgs are grading differently/against there own standards say, then it starts to be more them being wrong.

I am full on willing to agree that this coin maybe better than the photos show, however if what appears to be wear IS actually wear, then this coin is overgraded by about 5 grade points.
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 Posted 08/13/2018  8:14 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list
Let me explain something clearly - I am not one of the anti-TPG members here. I believe they are useful in today's coin market. I just disagree with them sometimes. Which is fine, because they are human and can make mistakes. But I do disagree with market grading, that's all.

To the OP - Better pics please!
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683 Posts
 Posted 08/13/2018  8:22 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list

Quote:
. Let me explain something clearly - I am not one of the anti-TPG members here. I believe they are useful in today's coin market. I just disagree with them sometimes. Which is fine, because they are human and can make mistakes. But I do disagree with market grading, that's all.


SilverDollar pretty much said it better than I did, I respect TPGs, but when they start calling circulated coins uncirculated, and then act like we're wrong for arguing that, thats where I start losing respect (in a reputation aspect, obviously I still have basic human respect for them as people).
Bedrock of the Community
13014 Posts
 Posted 08/13/2018  8:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Doesn't a CAC sticker mean superior eye appeal or solid for the grade?


Yes, or in it's most basic form means something they would buy which obviously they want the premium examples.


Quote:
Just because THEY thought it was doesn't mean it actually is, that coin should have gotten a details grade, just because NGC and CAC thought it shouldn't have, doesn't mean they're right.


Conversely just because someone thinks it isn't doesn't mean it isn't.

Overall that coin has a lovely circ cam and a nice appearance aside from maybe being a little dark. I would rather have that one with an old cheek issue like that then one without it that has less eye appeal. Others would prefer it the other way around just like how some would like blast white or only want toned.


Quote:
Could have fooled me as almost every numismatist I've met would say otherwise, including PCGS' own grading standard.


It comes up quite often in grading debates and many are aware that the best ones can get MS grades, some like it and some don't


Quote:

This with, however when tpgs are grading differently/against there own standards say, then it starts to be more them being wrong.


They have grading videos and do some grading courses or used to do grading courses at least. Depending on the instructor grading courses will cover the issue in some of them. Their websites are just basic standards that have to be written as concisely as possible, its like a cheat sheet that doesn't tell the whole story.

It started long before the TPGs by the way with grades on things deemed cabinet friction.


Quote:
Let me explain something clearly - I am not one of the anti-TPG members here. I believe they are useful in today's coin market. I just disagree with them sometimes.


That's fair enough, I don't always agree with their decisions either but I do always try and present things by what they do not how I wish they did.

For what it's worth the whole market grading thing is over hyped in my opinion. It holds back more coins than it boosts grade wise but often gets presented in a way for disagreeing with the grading and has been over emphasized for a long time on chat boards.
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United States
11898 Posts
 Posted 09/02/2018  11:47 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
I was thinking ms64bn, but it is tough to tell whether the dark cheek is due to toning or rub. I thought toning, but it could go either way without examining in hand.
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772 Posts
 Posted 09/03/2018  12:38 am  Show Profile   Bookmark this reply Add ty88ty2 to your friends list

Quote:
MS details, slightly used.
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