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 Replies: 35 / Views: 4,050 |
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Pillar of the Community
United States
1796 Posts |
Coin grading in MS grades is not science. It is art. Art critics need no qualifications, and if I say "that is a piece of %^&*&!" my opinion carries no more weight than anyone else's.
This is why graders can make mistakes. They are as human as any of us.
Hence, anyone who says "Well you're not a pro grader so what do you know?" needs to [.... self redacted; too horrific and lateral-thinking oriented to describe ....].
From the pictures, we seem to be calling a spade a spade. It's not MS-70 (which in my opinion is a grade that doesn't actually exist anyways :-) ).
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Pillar of the Community
United States
1126 Posts |
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But, but, but....I thought PCGS was the perfect grading company ;)  |
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Pillar of the Community
917 Posts |
Quote:I cross posted this topic at collectorsuniverse dot com - and although a few people agreed that it was curious to find these problems on a PR70DCAM- I did run into this: "so let me get this right-----you can judge better from THAT picture than the grader(s) did with the coin in-hand? madness, sheer madness................and it's taken over this place as of late. I have noticed that as online photography has improved the critiques of the pictures have also risen steadily to where I'm not even sure that the PCGS/NGC graders are competant in the eyes of some members. did I say it's maddening, cause it is. " and "I agree with xxxxx on this issue. So many seem to think they are better graders than the professionals. It amazes me that they are not working for the TPG's - surely they must be looking for the most talented individuals, and the pay is excellent. Must be some reason why they are not grading coins... ahhhh independently wealthy I guess.... Cheers" bunch of Kool Aid drinkers, I'm tellin' ya. Isint collectorsuniverse owned by PCGS? Those people disagreeing with you on there are just PCGS shills. |
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Pillar of the Community
United States
1027 Posts |
Apparently, the coin did not sell for some reason. While I am not sure that this coin deserves its PR70 grade either, it is important to remember that most grading takes place with the naked eye and that the 100% images are much greater than that, in fact, even the 74% image of the full slab is larger than life size on my 24" monitor.
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Pillar of the Community
917 Posts |
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This is why graders can make mistakes. They are as human as any of us. Thats why coins are graded by 3 graders... To catch mistakes like this. They set standards for a reason! Graders shouldnt be in the coin selling business because it causes problems like this.  |
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Pillar of the Community
United States
2295 Posts |
If there are visible dings with the naked eye, it would be an MS-67, at the very best.
There is a huge difference between a 67 and a 70. Shows PCGS is becoming one of the worst graders now.
And grading is an art to a certain grade. That is 67. After that it is much more technical. You are looking for defects under magnification when grading that high of a grade.
Those kinds of people aren't interested in buying the coin, but to have it in their registry set to have the top set.
Edited by wquinn
03/13/2012 10:12 am
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Pillar of the Community
United States
4132 Posts |
Perhaps they are hoping to cash in on the PCGS guarantee?
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Pillar of the Community
United States
1660 Posts |
Maybe this one has the golfing astronaut AND the lunar orbiter?
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Pillar of the Community
United States
4901 Posts |
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Perhaps they are hoping to cash in on the PCGS guarantee? Hmmmmm....good point ..and Quote:
Isint collectorsuniverse owned by PCGS? Yes, it is a PCGS sponsored forum, screened by PCGS for any company contrary posts. |
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Pillar of the Community
United States
1027 Posts |
I am not sure that graders suddenly switch to using a loupe when they think a coin is a 67 or better. After all virtually all submissions of modern coins should fall into this range. Using magnification and three graders would significantly increase the cost of grading and reduce profit for the company. I suspect that such methods are reserved for very valuable coins that come with much higher grading costs and coins whose grade is actually challenged. I very much doubt that an IKE was given more than a naked eye look by a single grader, even if the assigned grade was a 70. Sure mistakes are made but probably not enough to warrant changing to more expensive grading methods. A collector buying a single coin should not rely on the grade on the slab because of this reason. Always get a good enough look at the coin you are buying to tell if it warrants the assigned grade. A "professional" grader is not really any better at grading than an experienced collector, they are much faster and can grade most coins accurately with the naked eye, but they are not any better than someone who takes five minutes to examine a coin under magnification before coming to a decision. The assigned grade of a coin should always be questioned before laying out your hard earned cash for it, not only do professional graders occasionally make mistakes, there is a usually a fairly large value difference between coins at the high and low end of any given numerical grade. If you are buying coins in bulk then you can afford to pay book value for graded coins because on average you will make out fine. That tack just doesn't work when buying a single coin.
Edited by clairhardesty
03/13/2012 11:44 am
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Pillar of the Community
United States
2295 Posts |
That is true, but still since they are in that business, they should take the time to do it correctly. Otherwise, eventually no one will have a coin graded at PCGS. If they don't adhere to the proper grading standards defined by the ANA, then they will get no respect either. And at a grading of 68, it takes the use of magnification. |
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Pillar of the Community
United States
1903 Posts |
When I check PCGS they state that all 70 graded coins will be clean at 5x. That to me means if you "zoom" in on an image whereby making it larger than 5x...any flaws you see are not within the 5x standard. On a computer you can zoom in way bigger than 5x based in actual size of the coin. I mean heck...I could put it under 40x (which isn't far off of what zooming in on a computer image is) and see a flaw in any coin graded 70.
Edited by unholyroller
03/13/2012 12:17 pm
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Pillar of the Community
United States
2295 Posts |
Shows they don't adhere to their own definitions. Pretty sad of them to do that.
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Pillar of the Community
 United States
1302 Posts |
There are 106 PR70DCAM Ikes in PCGS holders. A PR70DCAM Ike, if one truly exists, would be something they would want to get right. This isn't a $30 coin. PCGS is super strict on giving out top pop grades- so I don't buy the one grader looked at this coin statement.
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Pillar of the Community
United States
2295 Posts |
How can you say they are super strict if this one got graded as such?
Grading a 70 isn't a simple and quick task. If they spent the actual time needed, it wouldn't have been graded as such.
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Replies: 35 / Views: 4,050 |
First Page
Posted 03/12/2012 7:33 pm
