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Pillar of the Community

Australia
841 Posts
 Posted 07/17/2012  11:02 pm Show Profile   Bookmark this topic Add Ausjack to your friends list Get a Link to this Message Number of Subscribers
Ok as I'm trying to learn more about grading and the like I was wondering if anyone could please help me Sorry a lot of these questions have been covered in other post.

Where's the best places to get good coins..trusted dealer?

What is the lowest grade coin you'd buy and why?

Is it worth getting graded coins and also having them graded?

What is the highest grade you have and have seen?

Recommended site's for coins and info? besides here

And as I've been looking at whatever site I can find to do with coins and grading I'm finding that it's really hard to try and tell the grade when you have 2 coins side by side but the one that actually looks better in the pic is a lesser grade..this is one of the things I'm finding most confusing

Thanks heaps for any help I do have more questions but I'll get to them later.

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appleangel07's Avatar
Australia
1607 Posts
 Posted 07/17/2012  11:29 pm  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
G'day Ausjack, Just for starters have a read of this ebay guide that Walter Eigner wrote.

http://reviews.ebay.com.au/Coin-Gra...000001207557


Also a good read here

http://www.australianstamp.com/coin.../grading.htm
Edited by appleangel07
07/17/2012 11:33 pm
Pillar of the Community
Australia
841 Posts
 Posted 07/18/2012  12:02 am  Show Profile   Bookmark this reply Add Ausjack to your friends list Get a Link to this Reply
thanks apple, that was the sort of thing I'm after..and like this taken from the ebay link that you put up by Walter Eigner
•VG = F12
•Fine = VF20
•VF = XF40
•EF = AU55 - MS61
•aUnc = AU58 - MS61
•Unc = MS62 - MS65
•Ch Unc = MS65 - MS66
•Gem Unc = MS66 - MS67
•FDC = MS67 - MS70

So this with trout's info and others I think I'm starting to get it a little..just a little. Back to some more reading
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appleangel07's Avatar
Australia
1607 Posts
 Posted 07/18/2012  12:23 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
Here is the ANDA grading standard,which also has pictures which I found easier with the visual assistance.

http://www.anda.com.au/documents/re...%20coins.pdf
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appleangel07's Avatar
Australia
1607 Posts
 Posted 07/18/2012  12:51 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
Now to answer some of your other questions,

Where's the best places to get good coins..trusted dealer?

I won't single out any particular dealer/seller as there are many,i will say that the seller with the best coin for the best price is usually my way.


What is the lowest grade coin you'd buy and why?

Well this is a bit of a hard one,early in my collecting I was buying all sorts of coins in different grades,mainly for learning purposes,some coins cost way too much to buy the higher grades too,for example the 1932 florin,very rare in higher grades & costly so in that case I was happy with a lower grade coin.


What is the highest grade you have and have seen?

Highest grade certified coin PR 69 deep cameo,uncertified Gem UNC.
Highest grade coin I've seen PR 70 deep cameo & to be honest I could'nt pick the difference between the 69 & 70.

I think I've covered all the questions now.
Valued Member
Australia
216 Posts
 Posted 07/18/2012  01:21 am  Show Profile   Bookmark this reply Add Peter S Thomas to your friends list Get a Link to this Reply

Quote:
Well this is a bit of a hard one,early in my collecting I was buying all sorts of coins in different grades,mainly for learning purposes,some coins cost way too much to buy the higher grades too,for example the 1932 florin,very rare in higher grades & costly so in that case I was happy with a lower grade coin.

This ties in with the best bit of advice I was ever given regarding coins.


Quote:
Buy the highest grade of the coin you are looking at that you can afford.
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Sap's Avatar
Australia
16849 Posts
 Posted 07/18/2012  03:57 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Where's the best places to get good coins..trusted dealer?

I have to say, I personally have not had any bad experiences with any dealers I've bought from here in Australia. Not as far as overgrading is concerned, anyway.

Quote:
What is the lowest grade coin you'd buy and why?

I have no lower limit. If the coin is identifiable (and sometimes even if it's not) and I don't already have one and the price is right, I'll buy it. I paid 6 bucks for a 1915 Australian florin that could easily be mistaken for a small ice hockey puck.

Quote:
Is it worth getting graded coins and also having them graded?

I assume by this question you mean professionally graded by a TPG company. For me, the answer is still "no".

Quote:
What is the highest grade you have and have seen?

I have a few coins I'd consider "perfect Unc", equivalent to MS-70, though of course I've never had a TPG check them; I suspect my standards in this respect at least are lower than theirs. The oldest "perfect" coins I have are a Swiss mint set from 1989.

Quote:
Recommended site's for coins and info? besides here

Some information sites I've bookmarked and refer to routinely are:
For ancients: http://www.wildwinds.com/coins/
For Asian and Islamic coins: http://www.zeno.ru/
For an auction database (though it's not as good as it used to be back when the entire archive was accessible for free): http://www.coinarchives.com/
For face/bullion values of modern coins: http://currencydebasement.com/
For world coin reference: http://(131231) Not Allowed - Auto-Removed / and http://www.ngccoin.com/poplookup/Wo...e-Guide.aspx

Quote:
And as I've been looking at whatever site I can find to do with coins and grading I'm finding that it's really hard to try and tell the grade when you have 2 coins side by side but the one that actually looks better in the pic is a lesser grade..this is one of the things I'm finding most confusing

A coin's condition or "grade" is it's technical level of preservation; how much wear it's seen or how many dings and scratches it has. Almost completely separate from this is the factor known as "eye appeal", or how attractive a coin actually looks.

Beauty is in the eye of the beholder, and some coins are beheld as beautiful by some collectors and not by others. For example, "monster toning" has become fashionable, and people pay big bucks for a coin with iridescent coloured toning all over it. To me, such coins look garish and oily; I prefer my coins monochrome, either completely untarnished or with a solid even patina. I own a near-Unc 1927 Canberra florin that's tarnished a deep solid black; I like it but the dealers I took it to for valuation said it was dark and ugly and if any coin needed "dipping", that coin did. Other collectors prefer their coins to be blast-white and spotless.
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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trout1105's Avatar
Australia
7096 Posts
 Posted 07/18/2012  08:19 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
I'm finding that it's really hard to try and tell the grade when you have 2 coins side by side but the one that actually looks better in the pic is a lesser grade..this is one of the things I'm finding most confusing

As Sel said the grade of a coin is a technical thing that only goes int the amount of wear or damage the coin has sustained.
A lot of coins can look better in a lower grade due to the quality of the strike when minted, I have a few 1927 florins in aUNC/Unc that are technically higher grade than one of my EF coins that has a particularly good strike that is a better looking coin to me.
As far as toned coins go, I quite like some of the naturally dark toned silver, If these have been circulated after toning they get an almost cameo affect that I find personally enjoyable in an old coin.
Grading IS an important factor when buying a coin but for me personally, I tend to choose the coins that I find attractive regardless of the grade



Quote:
Is it worth getting graded coins and also having them graded?

If you are unsure of your ability to grade a high value coin then the safest course of action would be to buy a TPG coin,However you WILL pay a premium for this .
Personally I buy 99.99% of my coins raw. ( I like to gamble occasionally)


Quote:
What is the lowest grade coin you'd buy and why?

If I like the look of a coin I will buy it regardless of the grade, I have some shockers that I really enjoy


Quote:
What is the highest grade you have and have seen?


I have see just about every grade from "road kill" to GEM and FDC But as I said the Eye appeal has a far more determining factor to me than the technical grade of a coin.
Valued Member
Australia
428 Posts
 Posted 07/18/2012  7:22 pm  Show Profile   Bookmark this reply Add keldaw2222 to your friends list Get a Link to this Reply
a j , no good me trying to advice you after all them good answers , but 1 question I would like to know ,,.
if I took a state series proof
$ 10.00 coin out of its case and got it graded ,shouldn,t it come back with the top grade..ms-70
or pr-69 or pr-70
,, kel ,,
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/18/2012  7:59 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
keldaw2222
i take mine out of their cases all the time.
I just mark them as BU, there is no point in spending a fortune on getting these slabbed anyway.


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Sap's Avatar
Australia
16849 Posts
 Posted 07/18/2012  8:45 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
if I took a state series proof $ 10.00 coin out of its case and got it graded, shouldn't it come back with the top grade.. ms-70 or pr-69 or pr-70

As far as the TPGs are concerned, it is easier to obtain a PR-70 grade than it is to obtain an MS-70 grade, since proof coins are produced and packaged with more care. But it is by no means certain that all proof coins will return in top grade. There may be minor flaws and imperfections that cause a proof coin to be considered less than perfect.

There are big dealers in America that send in huge amounts of proof coins and sets for slabbing, in the hope that just a few of them make the "70" grade. You'd have to ask them what the strike rate is, but I suspect it would be somewhere around 5% to 10%. They can still make a profit, because slabbed "70" coins certainly cost a lot more than raw proofs. But I suspect attempting such a venture from here in Australia would be cost-prohibitive due to postage each way.
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
Valued Member
penny dreadful's Avatar
Australia
318 Posts
 Posted 07/18/2012  9:36 pm  Show Profile   Bookmark this reply Add penny dreadful to your friends list Get a Link to this Reply
I avoid buying 'spacefillers' for a couple of reasons. First, there is the knowledge that the filler coin/note isn't up to the usual standard, so detracts from the collection as a whole - and you know it isn't really wanted.
Second, you will need to replace it at some stage: prices for sub standard coins/notes will be less on resale - and you will find the price of a nice one will have gone up even more....making it even harder to get that if you had bitten the bullet and bought a nice coin/note the first time.
It's much better to save up and wait, then pounce on a goodie when you have the opportunity. Makes sense aesthetically as well as financially...a few choice items will do better than a stack of so-so's
Pillar of the Community
Australia
1295 Posts
 Posted 07/18/2012  10:08 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
Where's the best places to get good coins..trusted dealer?

Dealers, trusted ebay sellers, trusted online sellers. Coin shows, coin auctions, fellow collectors, coin forums. Anywhere really. Be very careful though if you're buying online.

What is the lowest grade coin you'd buy and why?

I'd happily buy a fine 1930 penny for $10 :) Hard question to answer. I don't buy many circulated coins unless they are errors or keydates. The last circulated coin I bought was a British West African mule. Other coins I can remember buying circulated included a 1925 penny and a 1933/2 penny. I've also bought a number of 1934/3 3d's circulated but just because they were listed as plain 1934's .

Is it worth getting graded coins and also having them graded?

Buying pre-graded can be expensive but if you're buying online it can help lessen risk. As to getting coins graded some are worth it, most are not. I guess 10% of my collection is actually graded.

What is the highest grade you have and have seen?

We've personally had a few MS69's graded, one was a coin from a masterpieces in silver set the others from wedding sets. The highest grade we've got from a circulation coin was MS68 for a South African 1948 3d and I think an Australian 10c from a roll. I've seen a couple of MS70's and PF70's but they were all NCLT.

Recommended site's for coins and info? besides here

Here and other internet forums. I don't think it's kosher to mention other forums here so I won't.
Edited by markn
07/18/2012 10:19 pm
New Member
Australia
43 Posts
 Posted 07/20/2012  04:30 am  Show Profile   Bookmark this reply Add RyanS to your friends list Get a Link to this Reply
I hope you don't mind me adding some questions

trout: "A lot of coins can look better in a lower grade due to the quality of the strike when minted". Can you visually detect the quality of a strike, or it's from prior knowledge, ie are ALL 1927 Florins good qual. strikes? I'm waiting on my copy of Renniks, does it provide this information?

I have had a brief look at all of the links including the ANDA 8 page grading guide which has pretty low resolution George V examples. Does a "Photograde" (book for US coins) equivalent for Australian coins exist? I can only find incomplete (photo) references or low resolution images and can't really obtain images from the Internet because I don't know how to grade those coins nor can I tell if they are accurate depictions.

not mentioning any names but can you generally trust the bricks & mortar coin dealers in Melbourne (there aren't too many) are selling the grade they specify? I hope so because I bought my coins years ago and didn't know how to grade then either.

let's say hypothetically you are buying a coin you have never seen before ( in whatever condition) in person or in photos, is it impossible to grade without this cross-reference?

Lastly what characteristics can you NOT see in a good resolution photo or scan of a coin, eg: cartwheel lusture. so effectively is purchasing online from a trusted dealer with a photo example perfectly acceptable to confirm the accuracy of the dealers specified grade?
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trout1105's Avatar
Australia
7096 Posts
 Posted 07/20/2012  04:44 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
trout: "A lot of coins can look better in a lower grade due to the quality of the strike when minted". Can you visually detect the quality of a strike, or it's from prior knowledge, ie are ALL 1927 Florins good qual. strikes?

The better the strike the better the detail is generally the rule.
The 1927 florin are not generally known for "Great Strikes",
The best way to determine the strike on the reverse of these is the look for the number of steps and the clarity of these.
Have a look at the diferance in these 2 coins
https://goccf.com/t/124489
Edited by trout1105
07/20/2012 04:46 am
Valued Member
Australia
428 Posts
 Posted 07/20/2012  05:04 am  Show Profile   Bookmark this reply Add keldaw2222 to your friends list Get a Link to this Reply
trout
Quote:
i just mark them as bu
,
trout , do you still keep the outer case ,?and in the end when you want to sell , would it be better and easier to sell in it case rather then in it,s 2x2 ..
,, kel ,,
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