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Ignorant Aussie Has Some Questions About Sheldon Grading System

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Bedrock of the Community
Australia
21673 Posts
 Posted 12/11/2021  8:32 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
I became good friends with M.R. (Bob) Roberts, his LCS in Wynyard Arcade I visited his LCS very often, on my home from work. I worked for 14 years in nearby Australia Square, - the round tower building.

Dave Allen who was a geologist, who worked for Bob for most of his numismatic life, later worked for I.S. (Stuart) Wright. Dave sold his very extensive collection of historic Australian medals and checks and tokens a few years ago. I sold an Aureus of Claudius to him in 1976. I believe he still has it.

I also developed a close acquaintanceship with many of Bob Roberts' clients. One of his clients was a pHd in geology, his rather extensive collection was only recently came to public auction. I was fortunate enough to examine quite a few of his more significant pieces at the pre auction view day.

Dave Tully also traded at two locations in the Sydney business district. I bought my first Roman gold coin from him (a Solidus of Constantius 11). The first Roman coin I bought from him in 1964, - a denarius of Antoninus Pius, with modius & corn ears reverse in VF, for $4. I sold it along with the Solidus to Dave Allen in 1976.

I sold the whole of my collection in 1976, which raised 15% of the total value of my first house for a mortgage. That is the reason why I have never paid a cent in rent for my whole life.
Since 1976, I have built another collection of quite a few thousand pieces (mostly valued at less than $20 each)

Currently, I just feel to be very fortunate to be a member of the CCF.
Edited by sel_69l
12/11/2021 8:48 pm
Pillar of the Community
Australia
1020 Posts
 Posted 12/12/2021  5:31 pm  Show Profile   Bookmark this reply Add Basil to your friends list

Quote:
I became good friends with M.R. (Bob) Roberts, his LCS in Wynyard Arcade I visited his LCS very often, on my home from work. I worked for 14 years in nearby Australia Square, - the round tower building.


Interesting Sel,that Wnyard Arcade shop is still there apparently(I'm up on the North Coast now),IIRC there was another Stamp/Coin Dealer near Roberts,may have been on George St.down towards the Quay.
I worked at the ANZ in Martin Place when I left School in 1969,i used to visit all the Coin Dealers in my lunch hour except Fridays which was the Pub day.LOL.
In 1970 I transferred to ANZ Data Processing(Mainframe Computers) in North Sydney and then travelled Qld/NSW/Vict.helping set up the Computer Centres so Coins were on the backburner for most of the 1970's which was no big deal as the feeding frenzy of the 1960's was just about over by then.
Great thoughts of that era but starting to have my memory fade a bit now I'm in my 70's so have to double check everything.
I agree there is some great Aust.knowledge on this Forum,Mark's Oz. Forum is also good but lays dormant for days on end so not sure how long it will keep going with the rise of FB.
ATB ..Ian
Pillar of the Community
Australia
852 Posts
 Posted 12/13/2021  10:23 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list
Hi Basil, I hope this forum (and Marks) keeps going forever. Whatever we post here is for the benefit of fellow collectors. Whatever is posted on Farcebook belongs to a mega corporation forever with them able to use/distort/commercialize forever in any way they want and you as the author has no say in that. So I'm not on any of those corporate media sites and never will be.
Pillar of the Community
Australia
1020 Posts
 Posted 12/16/2021  5:24 pm  Show Profile   Bookmark this reply Add Basil to your friends list

Quote:
Hi Basil, I hope this forum (and Marks) keeps going forever.


Agree 100% Neal but specialist Coin Forums don't have a good history in Oz.,Mark's is the longest any have survived but needs some more regular Posters.
Also agree about FB but they seem to be taking over now Dealers are regular contributers,one of the groups that I Post in has over 5,000 members but the general Coin knowledge is low especially when discussing Pre-Dec.
Valued Member
Australia
215 Posts
 Posted 07/25/2023  04:48 am  Show Profile   Bookmark this reply Add OzLeigh to your friends list
Is there anywhere that shows the same coin type in every possible Sheldon grade?
Pillar of the Community
Australia
8569 Posts
 Posted 07/25/2023  05:16 am  Show Profile   Bookmark this reply Add triggersmob to your friends list
Only one I know of is this one..
https://www.PCGS.com/photograde
Valued Member
Australia
215 Posts
 Posted 07/25/2023  06:39 am  Show Profile   Bookmark this reply Add OzLeigh to your friends list
Thanks trig.

AU53 is not very flash is it. What Australian grade do you think that corresponds to?
Pillar of the Community
Australia
8569 Posts
 Posted 07/25/2023  06:41 am  Show Profile   Bookmark this reply Add triggersmob to your friends list
Which coin are you talking about?
Valued Member
Australia
215 Posts
 Posted 07/25/2023  06:49 am  Show Profile   Bookmark this reply Add OzLeigh to your friends list
The AU53 grade in general.

Have a look at this coin:

https://www.PCGS.com/cert/35869660

My mind automatically equates AU with a high grade but it certainly isn't...
Edited by OzLeigh
07/25/2023 06:52 am
Pillar of the Community
Australia
8569 Posts
 Posted 07/25/2023  06:53 am  Show Profile   Bookmark this reply Add triggersmob to your friends list
To me, that coin would be no better than F.
Valued Member
Australia
215 Posts
 Posted 07/25/2023  07:01 am  Show Profile   Bookmark this reply Add OzLeigh to your friends list
This coin is currently listed on ebay. The seller wants $350 for it

Continuing to go through my 2 cent coins I found a 1966 no SD in better condition than that one and I gave it a grade of F.
Pillar of the Community
Australia
8569 Posts
 Posted 07/25/2023  07:14 am  Show Profile   Bookmark this reply Add triggersmob to your friends list
Let me know if it sells, I'll get my coins ready for ebay. :)
Moderator
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Australia
16470 Posts
 Posted 07/25/2023  8:18 pm  Show Profile   Bookmark this reply Add Sap to your friends list
Judging from my previously posted scale conversion table, an AU53 coin should be a nice EF. I'd agree the example coin looks no better than VF; I certainly couldn't call it EF, not with that much wear and those green spots. It's possible the spots developed after the coin was slabbed, but I'd say that coin was lucky to get that grade and wouldn't get it on an attempted regrade.

We may also be seeing that curious American concept of "market grading" - where rarer coins are judged less harshly than commoner coins of the same type.

"Buy the coin, not the holder".
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
Bedrock of the Community
Australia
21673 Posts
 Posted 07/26/2023  10:14 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
"Uncirculated" should mean that the subject coin has never been in circulation, and thus should exhibit zero wear, despite many other very minor problems it may have, such as tiny nicks and scratches

"Uncirculated" is a common term to all of the grading systems, so that should be a crossover point.
Unfortunately, that doesn't always seem to be so.
It seems that a coin with zero wear, but with very many small nicks and scratches would grade MS-60 or 61 Sheldon, but I have seen such coins return a grade of EF or good EF in the British grading system.
Thus
I am perfectly happy with the postulation that 'Unc' (British), equates to MS-62 (Sheldon)

I have often seen VF-30 Sheldon would even fail to grade Fine in the British system, and I think that is correct.

I have always understood that the term "FDC" (Fleur de Coin) means that the subject coin is absolutely pristine, which should equate to MS-70 Sheldon.

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My attitude to all of this is to grade American and perhaps Canadian coins according to Sheldon, but for other than American or Canadian coins, I always use the British grading system,
because if other than an American or Canadian dealer describes a coin as "VF" for instance, I will trust that the "VF" grade (British) is is going to be at least VF-35 (Sheldon) or perhaps even higher.

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The grading of ancient, hammered of milled coins is a separate skill, and is based on many other different considerations, that do not need to be taken into account with modern machine made coins, and perhaps should be discussed in another thread.
Pillar of the Community
Learn More...
United States
4765 Posts
 Posted 07/26/2023  12:38 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list

Quote:
The AU53 grade in general.Have a look at this coin:

https://www.PCGS.com/cert/35869660

My mind automatically equates AU with a high grade but it certainly isn't...


No way this is AU-53. I agree with a VF grade.
Repeat after me: "Buy The Coin, Not The Slab".
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