| Author |
Replies: 10 / Views: 2,424 |
|
|
Pillar of the Community
United States
3076 Posts |
I somehow remember, there is a pole thing here...not sure how it works.. But my real intention...to learn how to grade Morgan dollars..Many of us put up our toys to see how we grade our ideas of our coins in hand to those of you who have graded coins by the TPG's or buy YOUR evaluations..SO I thought I would like to start a thread..ON GRADING... MY PROBLEM HERE....is I am not BLIND yet...but I/ we are all,as we can't tell the difference between AU50 and an MS 63and need the TPG's I must be stupid unless its graded by the TPG's, YET they themselves don't have the same values.............they don't have the same standards by which we are supposed to go by. Somehow, there must be a standard........by which is accepted.......or is it all for the money?
|
|
|
|
Valued Member
United States
321 Posts |
Hey aladinslamp, I'm not sure I understand your question, can you rephrase it?
|
|
Pillar of the Community
 United States
2448 Posts |
....and we're talking about sliders that have marks that elude most of us amateur's? ....and a TPG just did what to what coin? Not inferring that you are an amateur at all it's just I'm trying to see through your rather cryptic offering. Unless you're venting? OK, some times you need to hit me with a 2x4 to get my attention.
|
|
Pillar of the Community
United States
7123 Posts |
Not everyone needs TPG's to know what a coin grades, but they "the TPG's" have through creative marketing and sly advertising have become more than authenticators, they have become the value makers of certain coins, Morgan dollars being one such coin which is worth more in plastic than a comparable coin which resides in your's and my collections without plastic and a labeled opinion from a very likely unknown person whom the owner of the coin will never meet. The standards for grading can be found in several publications, photograde, and ANA grading standards are both good guides, but they remain that guides, practice is where the collector becomes comfortable enough to break away from the TPG, however price follows the plastic it's sad but true and a real detriment to the collector world IMHO.
|
|
Pillar of the Community
 United States
3076 Posts |
Metalman is on the same page here, The fact that the value or $$dollar$$ differences between plastic and raw coins is obvious,,the value between TPG plastic is also different....so Grading is a big part of the game..it's these companies that were formed do to the over grading standard practices of dealers. that need, to have accurate grades that they all could count on, buying without seeing the coin in hand. While this is why the TPG's came about, its obvious the each have there own grading standards, which in reality results in different $$$$ for the same grade ratings....depending on who's grading the coin. If you had a stock and wanted to sell it, you couldn't be happy to only get 70% of its value, this is often the case when trying to sell your coins to dealers... I was thinking this thread would be about looking at the top TPG's and looking at what there criteria for grading is, what they see and what effect that has on the overall grade of the coins. I myself as well as many of you have more books then we ever need about grading. but even as we look at the reply's to posted coins here, there is quite a difference in the replied grades by our own individuals who see coins on a regular basis.. reviewing the TPG's standards could be a great subject and help others to buy good coins and how to stay away from bad ones..
|
|
Pillar of the Community
United States
7123 Posts |
aladinslamp, we could discuss the varying grading standards of the top three TPG's,PCGS,NGC and ANACS we could come to an understanding of their particular aspects of the grading standards they use and then find many examples where their own standards are violated within their own slabs. These violations I think are the result of a rip in the standards that allow for market grading -V- technical grading, large scale submitters -V- single coin submitters, and the crack out game played by the investors to capitalise on the hobbies greatest weakness which in days gone by was its true strength but has become unimportant in recent years, "collectors who are competent graders". The hobby since the advent of the TPG's has become a place where a person really does not need to know how to grade in fact they may be better off not to since the TPG plastic dictates the price and grade of any particular coin series. We now have the top graded coins listed by numbers and an example at least of what that particular TPG has determined to be the perfect example for the grade level it has assigned to it.
|
|
Pillar of the Community
 United States
3076 Posts |
you have hit on the many issues of the grading issue, and that is why I believe its ever so important to KNOW the grading ropes, especially since TPG's have there own discrepancies over the past years, to the point now where one must have a coin beyond the given grade example, submitting in today's standards an average MS63 coin could likely yield an MS62 final grade..it must be better than MS65 (ms65+) to make MS65.. we have all heard how they are tightening up there standards, and hold many of there old slabbed coins which wouldn't make the grade today,And I don't mean ALL coins, just that there were many as you noted by the large commercial submittles where they really wouldnt make the grade.
|
|
Bedrock of the Community
United States
10982 Posts |
Quote: If you had a stock and wanted to sell it, you couldn't be happy to only get 70% of its value, this is often the case when trying to sell your coins to dealers...
This is an important point for those of us who sell coins, and not just to dealers, but selling to most anybody. The plastic sells the coin way too often. I've bought many raw pieces that I was able to get into PCGS plastic and increase their value. I've also had many raw pieces returned to me in PCGS Genuine slabs. There is a great book by Scott Travers that covers much of this subject. If you sell coins, or ever plan to, then you need to get a copy of this book. 
|
|
Valued Member
United States
314 Posts |
The plain truth is that when it comes to selling coins whether to the general public, you will find that there is probably an equal distribution among the collectors who favor raw coins over TPG coins. Those seeking raw coins usually want to put them in a folder and/or try to make some money on their own by purchasing higher grade coins for lower grade money. Collectors who seek TPG coins usually are doing so to protect against counterfeiting and/or that's how they like them. Their opinion usually is that the TPG plastic at least certifies their value for future deals they may want to make. I for one don't mind the TPG coins but will only pay graysheet prices for coins in PCGS, NGC, or ANACS holders. ICG is OK, but you generally can't get your money out of them. Also, what one receives often also depends on whether or not they are purchasing a "key date" or semi-key date coin. That's my $.02. Have a great day. 
|
|
New Member
Switzerland
46 Posts |
TPGs do not always follow their standards when grading a coin but at least you know that you are getting an authentic coin, at least I am hope for that. The grades given by TPGs are based on a person's opinion using their grading standards, and as we all know we all make mistakes. I am far from been an expert in grading but I like to look at the slapped coin, disregard the grade on the slap and make my own decision. I will not pay more than what I think is worth it, even if the coin is slapped.
|
|
Pillar of the Community
 United States
2448 Posts |
Quote:I for one don't mind the TPG coins but will only pay gray-sheet prices for coins in PCGS, NGC, or ANACS holders. A very wise, old collector once told me: "Buy the coin, not the holder." If I can get it in the TPG slab, great, if not, Great! We seem to be hung up on that Holder. MS65 is still MS65 and there will always be disagreements between grading parties. Stand fast on your convictions when grading and don't be afraid to learn when the opportunity presents itself. I've been wrong before and will be again. It seems we're making " much ado about nothing". But that's just MHO.
|
| |
Replies: 10 / Views: 2,424 |
|