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Understanding Grading

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United States
1 Posts
 Posted 08/11/2012  4:09 pm Show Profile   Bookmark this topic Add alberna to your friends list Get a Link to this Message Number of Subscribers
After collecting pennies for 45 years I am still confused about grading Indian Heads. Every guide I have seen indicates that you must have a partial LIBERTY for a VG rating and I full LIBERTY for a F. I just bought two Indian Heads a 1869 from PCGS F12 that has no visable LIBERTY and a 1870 F-15 From NNC with a partial LIBERTY. Have I been personally undergrading my coins all this time. Are the guides I've been using wrong?
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John1's Avatar
United States
56855 Posts
 Posted 08/11/2012  6:34 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. Have you ;looked here? http://www.pcgs.com/Photograde/#/Indian/Grades
John1
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 08/11/2012  7:23 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
The reason is that grading standards change over time. Very slowly, but they do.

There's actually a nice little "sub article" about this in the introduction to the past few years' ANA Grading Standards book from Whitman Publishing. Let me see if I can find a quote...


Quote:
21st Century Reality Check

Now, in the present 6th edition of this book, certain coins that might have been graded as VG-8, such as an Indian Head cent with not all of the letters visible in the word LIBERTY, can be graded Fine-12. Lest a reader get the wrong idea, this book reports the grading being used in the marketplace. It does not create it. [...] Perhaps lke the English languge, coin grades change based upon their use. [...] It may well happen that grading interpretations will shift some more in the future.

(Page 14)
Edited by SteveCaruso
08/11/2012 7:30 pm
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biokemist6's Avatar
United States
12437 Posts
 Posted 08/11/2012  7:41 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

LIBERTY is not the only aspect to take into account when grading, you have to look at both sides of the coin as a whole to determine an accurate grade.
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beaglebailey's Avatar
United States
716 Posts
 Posted 08/11/2012  7:52 pm  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply
I agree with Biokemist. Maybe the coin had enough other details to be graded fine, but because of a poor strike some of the letters in 'Liberty' were not visible.
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