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 Replies: 25 / Views: 2,230 |
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Valued Member
United States
112 Posts |
What would you do if you could start up a new coin grading company that would be the premiere method by which all coins would be graded.
Money was no object and you had all of the technology at your disposal.
What would you do to make sure all coins are graded perfectly equal, unbiased and free from external pressures?
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Pillar of the Community
Australia
655 Posts |
For one, I'd make it a metric type system that grades from 1 to 100. 1 being yucky and 100 perfect. None of this 1-67.9785 /2 XF35.6 almost about nearly very fine business that is different for every country. Grades each side independently. Graded by a panel of 10 non drinkers.  Only cost $1. Free for under 15 or pensioners.  Slabs small enough to fit into albums. Pinches meself... wakes up. I was only dreaming.  |
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Valued Member
United States
57 Posts |
If money was no object, I would buy all the exsiting TPG's and shut them down.  With what ever was left I would make references available to collectors to show them to how to grade for themselves... |
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Pillar of the Community
Australia
9375 Posts |
Maybe set up computers with laser scanners, that could detect how much a coin is worn and how much reflectivity it has (if that's a good word). It could then assign the coin a grade, the same every time. Steve |
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Member
United States
3242 Posts |
There is a company in California that is trying to use a computer to grade coins & trading card.Its not got all the bugs out yet.
So that maybe true soon tiggersmob
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Pillar of the Community
United States
1247 Posts |
I would develop the "forever slab." This will be a solar powered slab in which the grade moves up one point each year--using the same display technology that Coke Cola experimented with to raise prices on Coke machines when the temperature went up. As soon as the slab's grade has advanced to MS71 it would be eligible to trade in the futures market in anticipation of that day when we have 100 point grading.
I'll accept re-submissions but it won't do you any good. I'll prove my consistency by keeping a data base with images of all coins that were put into the "forever slab" and the grades that were given to it. When I find the matching images I'll send your coin back in a new "forever slab" with the same grade. But I may bump it for you if your close to the next new grade, and if you pay me for bump review.
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Bedrock of the Community
United States
20753 Posts |
Maybe set up computers with laser scanners, that could detect how much a coin is worn and how much reflectivity it has (if that's a good word). It could then assign the coin a grade, the same every time. Steve You beat me to it. As long as any TPG has individuals doing the grading, it can not possibly be consistant. People are people and situations such as a headache, stomach probems, family problems, car problems could make a grader come up with some strange results. Even physical differences in a person's eyesight creats differences in waht they see. Whatever the reason is for different grading services coming up with different grades for the same coin is rediculous. Steve's suggestion should be used by all grading services as soon as possible. |
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Pillar of the Community
United States
1231 Posts |
Even with computers doing the grading, it will still be subjective because a human has to maintain the computer. I wish a TPG would just authenicate coins (as real)and slab them with no grade |
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Pillar of the Community
Australia
655 Posts |
Trust a computer to grade? Hahahaha!  Not in a million years. I'd sooner trust the Texas chainsaw massacre dude with .... a chainsaw. |
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Pillar of the Community
United States
2600 Posts |
Learjet, I will have you know that I do some of my best grading while under the influence. Only problem is, I cannot ever find the coins I have graded the next morning. Heck, whats the diff in a couple of points among friends anyway.  Jim |
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Bedrock of the Community
United States
14454 Posts |
PCGS did try out a computer system for Morgans years ago but at the time computers hadn't advanced as far as they have today and it proved itself to much trouble to continue research
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Pillar of the Community
United States
2443 Posts |
I would everything the same as they have now except:
I have have 10 different graders(not 2 or 3) look at a coin and give there opinion.The grades would be averaged and assigned a value. I would try to make the slab more detailed on the coin (maybe possibly listing all the grades of the graders on the back?). If that wasn't possible I would make all of that information available online which someone could type in the bar code and get information on the coin: date submitted, grades and comments on the coin, etc. I would also take a picture of each coin that would be stored in a database so you know that coin that's in the slab is the exact coin--no tampering or AT, etc.
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Pillar of the Community
United States
1247 Posts |
Maybe the question should be why, with all this wonderful technology, do we need grading at all? Are coin collectors not capable of looking at good images--bound to get better with improved technology--and decide for themselves what's there and what's not, what they like and what they don't like and how much they are willing to pay for those things? Isn't that what *real* markets as opposed to "marketing" is suppose to be about?
Speculators are the ones who need to be told what they like and how much they should pay for it. So TPGs will always have them. And if they don't, they should bear in mind their own drony mantra.
"Change is good."
Still, if TPGs really want to improve their grading they can do it by giving buyers the information that they actually paid for by way of codes and abbreviations to explain exactly what it is that comprises their enigma net grade. Not really a profound idea either. Brown & Dunn had such a system in 1969.
Edited by longnine009
09/02/2007 7:00 pm
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Pillar of the Community
United States
1283 Posts |
I think the real issue with inconsistencies is the MS in between grades. It's ridiculous to have a 10 different levels of uncirculated. Way too much subjectivity.
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Bedrock of the Community
United States
20753 Posts |
Grades each side independently.
Graded by a panel of 10 non drinkers.
Only cost $1. Free for under 15 or pensioners.
Slabs small enough to fit into albums.
Pinches meself... wakes up. I was only dreaming.
Learjet. This is practically unconstitudional.
First of all where would you ever find 10 non drinkers.
No one would ever, ever charge $1 for anything nowadays.
Why have slabs at all? Just imprint the findings right on the coin
OH, I see. You were dreaming.
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Pillar of the Community
Australia
655 Posts |
It's alright, I'm awake now, sort of.  I'd still like to see split grading for each side though. Don't your coins wear unevenly obverse/reverse over in the US? For high grade high price half sovereigns where there's $10,000 between VF/EF grades, description is everything. Grading based on a single side in not good enough. |
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Replies: 25 / Views: 2,230 |
Posted 09/02/2007 03:05 am
