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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

How Do They Net Grade

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Author Previous TopicReplies: 2 / Views: 847Next Topic  
blcoinnut
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 Posted 02/05/2008  5:22 pm Show Profile   Bookmark this topic Add blcoinnut to your friends list Get a Link to this Message Number of Subscribers
Based on another post I saw that asked for values
of in between grades,
thanks for the idea, Bilbo
It got me thinking about
how you would value a large cent,say 1798 in fine
that was corroded and pitted but all the detail was there?
How would you put a net value on it?
Edited by blcoinnut
02/05/2008 5:23 pm
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Bilbo
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 Posted 02/05/2008  5:43 pm  Show Profile   Bookmark this reply Add Bilbo to your friends list Get a Link to this Reply
You're welcome!

I think you're going to get very little consensus on this one.

My opinion: assign it the grade based on wear (in this example, F-12), then a description of the problems. For value, knock off a certain percentage (I typically use 10%, 25%, 50%, or 75%) of the value of a problem-free F-12. Determining what percentage to knock off based on how bad the problem is will be an art, not a science.

I don't buy in to the whole "net grade" concept.
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blcoinnut
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 Posted 02/05/2008  7:14 pm  Show Profile   Bookmark this reply Add blcoinnut to your friends list Get a Link to this Reply
I dont like net grading either,it should be called net pricing
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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins



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