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AU 55 Sheldon Debate

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Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 03/21/2012  09:16 am Show Profile   Bookmark this topic Add trout1105 to your friends list Get a Link to this Message Number of Subscribers
Poll Question
OK the passion has settled about this debate, How about a poll to see where we are thinking on this, Aussie members only please

Poll Choices
 sheldon scale
 ANDA scale
 don't know
 don't care

Pillar of the Community
Australia
1295 Posts
 Posted 03/21/2012  4:42 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
What? You got upset when someone dared to mention the Sheldon system in regards to grading proofs and now you do this? Honestly what is the point. We all know what YOU think. Why dont you let everyone else think what they want.

Oh and I love the way you attempt to bias the results in your favour by not allowing our US brethren to vote. I bet your reasoning is "they don't know the Australian grading system". Did you give any thought to the idea that you do not know how to apply the Sheldon system? Because you've said nothing on this forum that suggests you do.
Edited by markn
03/21/2012 4:49 pm
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 03/21/2012  5:11 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Oh and I love the way you attempt to bias the results in your favour


I have not biased this, The debate was about how the Australian collectors feel about the Sheldon system.
I simply want to know the views of other collectors in Australia regarding this, Just out of curiosity.


Quote:
Did you give any thought to the idea that you do not know how to apply the Sheldon system? Because you've said nothing on this forum that suggests you do.


That really doesn't deserve a comment
Why not just sit back, relax, put your feet up and let the other Aussies that want to, vote the way they want without coercion.
Pillar of the Community
Australia
1295 Posts
 Posted 03/21/2012  5:18 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply

Quote:
That really doesn't deserve a comment


Really? Want to talk about that Franklin half again and you deciding that strike weakness is wear and deciding that an MS coin is really EF? Want to talk about how you were spouting too all and sundry that PCGS slabbed a supposedly counterfeit 1959 penny and still graded it despite you being sure it was a fake and of course it wasn't? Want to talk about your 1959 penny that you think would grade MS65 but based on the pictures you posted wouldn't have a hope of getting such a grade? Trout, you've hardly covered yourself in glory regarding this topic, bringing this up again was just folly.
Edited by markn
03/21/2012 5:20 pm
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MobOfRoos's Avatar
Australia
762 Posts
 Posted 03/21/2012  8:32 pm  Show Profile   Bookmark this reply Add MobOfRoos to your friends list Get a Link to this Reply

Quote:
OK the passion has settled about this debate


perhaps not

I just wanted to add one more comment and hopefully won't get

The clincher for me is that there is no Australian price guide for the Sheldon system. The whole reason I started the original AU55 thread was that there was a coin that I was interested in but I had no idea what the CV was because all Australian pricing guides use the ANDA grading system.

So I had to convert the Sheldon grade to an ANDA grade so that I could get an idea what it was actually worth.

Maybe when the Macca's guide gets rid of all the Perth Mint medalians they could include the Sheldon grading system in their price guide. But until that happens the American grading system will struggle to gain acceptance in Australia.
Pillar of the Community
Australia
1295 Posts
 Posted 03/21/2012  8:37 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply

Quote:
The clincher for me is that there is no Australian price guide for the Sheldon system. The whole reason I started the original AU55 thread was that there was a coin that I was interested in but I had no idea what the CV was because all Australian pricing guides use the ANDA grading system.


Yes there is. The Bluesheet. http://www.bluesheet.com.au You need to subscribe to see the values though.
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wwwww's Avatar
Australia
541 Posts
 Posted 03/21/2012  8:45 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply

Quote:
perhaps not

I just wanted to add one more comment and hopefully won't get

The clincher for me is that there is no Australian price guide for the Sheldon system. The whole reason I started the original AU55 thread was that there was a coin that I was interested in but I had no idea what the CV was because all Australian pricing guides use the ANDA grading system.

So I had to convert the Sheldon grade to an ANDA grade so that I could get an idea what it was actually worth.

Maybe when the Macca's guide gets rid of all the Perth Mint medalians they could include the Sheldon grading system in their price guide. But until that happens the American grading system will struggle to gain acceptance in Australia.


Sure there is: http://www.bluesheet.com.au/ - values are based on verifiable sales of PCGS and NGC graded coins. Certified coins sell at far more consistent prices so the pricing is usually within 15% of sale prices. Compare that with the book guides, how often do they get within 50% of sale prices?
Valued Member
nicwinner's Avatar
Australia
262 Posts
 Posted 03/21/2012  8:58 pm  Show Profile   Bookmark this reply Add nicwinner to your friends list Get a Link to this Reply
i have no idea..so picked up last one:)
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wwwww's Avatar
Australia
541 Posts
 Posted 03/21/2012  9:08 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
Oops got beaten to it.

Here's an example of what a flaw in the adjectival system can cause:

A reasonably experienced collector purchased a Proof 1938 threepence, graded FDC for a fairly hefty sum (the McD value was $25000 at the time so you can imagine what he paid). FDC can mean any number of things, so he got the coin graded by PCGS to find exactly what it meant this time.

It came back PR63. He consigned the coin to auction and it only realised $6000. He was quite disillusioned by this considering the high McD value - I told him that's all it's worth, $6000 was exactly the Red Sheet value in PR63 at the time, and once you add the buyer's premium the sale fell within 15% of the Blue Sheet price at the time.

The adjectival system cannot accurately describe proofs. The books list prices for perfect proofs, most of these prices are reasonable (some even undervalued) but a majority of "FDC" pre-decimal proofs are far from perfect.
Valued Member
Australia
157 Posts
 Posted 03/21/2012  9:16 pm  Show Profile   Bookmark this reply Add bellyflorin to your friends list Get a Link to this Reply
My vote didn't register, this poll is flawed like the ANDA grading system .

trout I thought this was a head smashing old chestnut topic .

I was told by a well know slab dealer he tried to get out a printed CV for slabs some years back , It was going to be printed by Rennicks or Mcdonalds Not sure which tho ? , anyway the raw coin dealers threaten to black balled the CV print company and only buy the opposition's ANDA system guide .

Mob of roos ; As markn has pointed out there is Bluesheet very handy for past sales infro too, it also has a greensheet for raw coin values, and red sheet for wholesale values of coins. Yep it does cost $ but imo for me well worth it.
Edited by bellyflorin
03/21/2012 10:19 pm
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 03/22/2012  04:19 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
OH DEAR
I think somebody needs a HUG
Valued Member
dibby33's Avatar
Australia
465 Posts
 Posted 03/22/2012  05:09 am  Show Profile   Bookmark this reply Add dibby33 to your friends list Get a Link to this Reply
ibtl
Valued Member
Australia
163 Posts
 Posted 03/22/2012  05:40 am  Show Profile   Bookmark this reply Add rbarat to your friends list Get a Link to this Reply
Voted ANDA.
Might change my mind once I start really getting into it..
Pillar of the Community
Australia
515 Posts
 Posted 03/22/2012  05:40 am  Show Profile   Bookmark this reply Add the-purple-penny to your friends list Get a Link to this Reply
Belly-I can't vote either as I elected to view the results first!

I prefer the Sheldon scale and I prefer it applied by PCGS (as opposed to say NNC of which I don't know their exact grading standard or application of the scale).

This article is a good read by a top Aussie numismatist convert to the PCGS way. (This is the only article published so far in the "series".
http://www.thesandpit.net/index.php?option=pcgs_1
Pillar of the Community
erkle's Avatar
1119 Posts
 Posted 03/22/2012  05:55 am  Show Profile   Bookmark this reply Add erkle to your friends list Get a Link to this Reply
maybe if you hit the back arrow after viewing you can still vote?
i chose I dont know because trying to follow and learn to compare all the sustems ( yep sustems cause they can be at times ) is confusing at the best of times, just lately I have been giving my coins points out of 10 for each side, 10 is the best you could ever see and 0 is a bit of dirty metal, unc rates at 8.5, it will mean jack to anyone else but it works for me
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Sap's Avatar
Australia
16831 Posts
 Posted 03/22/2012  5:56 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
maybe if you hit the back arrow after viewing you can still vote?

Nope, sorry. The way all polls work on this forum, if you post a reply before voting or if you hit the "view results" button, you don't get to vote. The forum software considers doing either of those things as the equivalent of saying you abstain from voting but still wish to see the results.
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
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