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 Replies: 11 / Views: 3,132 |
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Pillar of the Community
United States
666 Posts |
Quote:Grading Through the Ages by Q. David Bowers Coin World, 57(2994), 12 Sep 2016, p. 10 "Today, grading is the biggest bugbear in numismatics--the most unsettled, the most unscientific. In my opinion, grading is more disorganized than it has been any time in the past 30 years. The leading certification services have abandoned at least some of the Official ANA Grading Standards." I have noticed that many TPG grades, including those by the crowd-favorite PCGS, do not conform to ANA Grading Standards. Are the ANA grading standards obsolete? Edited by dd27
08/27/2016 9:52 pm
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Bedrock of the Community
13014 Posts |
They've been obsolete for more than a decade at least. I won't even bother to get into the fact that half the "standards" are subjective to begin with
Is this a SkyNet posting being from the future and all?
Edited by basebal21
08/27/2016 9:55 pm
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Bedrock of the Community
United States
10982 Posts |
Quote:
Is this a SkyNet posting being from the future and all? Coin World Magazine is regularly released two weeks earlier than it's posted date. 16 days in this case. Quote: TPGs "... have abandoned ... the Official ANA Grading Standards" Not really abandoned since they never used them as written anyway. ANA Grading Standards are written much more along technical grading while TPG has always been market grading coins. The differences aren't (usually) great but there are obvious differences. |
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Pillar of the Community
 Canada
5394 Posts |
I am not even sure if they have their own standards  . It is all about market grading these days. ANA standards gone the way of the DODO. |
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Pillar of the Community
 United States
4590 Posts |
Ring, ring... this is 2000 calling with a news flash
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
 United States
666 Posts |
The CCF Glossary defines market grading as: Quote:
A numerical grade that matches the grade at which a particular coin generally is traded in the marketplace. The grading standard used by PCGS. Is that a nice way of saying, "We grade them as high as we can get away with because it attracts more submissions and we make more money"? Edited by dd27
08/28/2016 5:38 pm
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
666 Posts |
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This is news? Well, for a newbie like me it is, although I get your point--and it's an important one--that this problem has been recognized for some time. I appreciate y'alls feedback. :O) Edited by dd27
08/29/2016 1:04 pm
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Pillar of the Community
United States
1316 Posts |
The range of conditions I've received in NGC AUxx coins via some Heritage auctions has been sadly "comical". Sometimes the AUxx grade has made total sense. Other times I just have to scratch my head. Good thing I do my research before bidding.
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Bedrock of the Community
United States
17884 Posts |
The TPG's have pretty much used their own standards for about 30 years now. |
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Pillar of the Community
United States
937 Posts |
Maybe I am just an old B witch but it seems to me that those telling us how much Third Party Grading was needed all thoise years ago were assuring all of us that this kind of stuff would stop in its track with third party grading. Oh yeah, You can pretty much count PCGS's future as non-existannt. Why? you ask in disbeleif and anger. Simple. I have started to put together a Certified set of Jefferson nickles keying on PCGS slabs. Every time I make a decision like this between companies the company quickly falters. I mean, do any of you remember Alltell? |
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Pillar of the Community
United States
666 Posts |
I was an Alltel customer for many years. They had great customer service and superior signal strength. So, I definitely see what you are saying! I'll probably spend a bunch of cash on slabbed coins and then have to get them all re-graded by a new computer-grading service in a few years.  There are ways to ensure more reliable, accurate grading. Quality improvement specialists and scientists across disciplines do such work all the time. But it costs more money to institute reliability checks; conduct independent audits; and devise systems to minimize cognitive and social bias. Plus, those steps make it harder to gradually upgrade coins as an incentive for customers to submit more coins. |
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Replies: 11 / Views: 3,132 |
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Posted 08/27/2016 10:08 pm
