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 Replies: 17 / Views: 3,971 |
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Pillar of the Community
United States
5318 Posts |
Here's a rather humorous auction--perhaps the most egregious case of overgrading I've seen of late--a 1921 1d in "AU RB"--for $110? I'd call that "Fine" at best, and I find better coins in $1 bargain bins.  ebay humor aside, this is a good discussion point on how many US dealers routinely overgrade George V coins. The same could be said for George V Canadian coins, where I consider 8 pearls a requirement for an XF grade--is that correct? Sometimes this works in your favor--when a dealer overgrades a VF and you're able to negotiate down because 8 pearls is a sure way to verify an XF, barring possible strike issues. --Just a thought for other American collectors who frequent shops and shows for predecimal. Edited by KurtS
06/11/2008 12:56 am
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Pillar of the Community
Australia
2830 Posts |
G'day,
quotes from listing:
"AUSTRALIA 1921 ONE 1 PENNY LARGE CHOICE AU+ R/B TONE!"
"AUSTRALIA 1921 ONE 1 PENNY LARGE CHOICE AU++ RED/BRN NICE ..."
"VERY NICE COIN. COIN IS NICER THAN THE SCAN. "
I can only see two pearls. I think VF would be too generous.
quote from Kurt: "this is a good discussion point on how many US dealers routinely overgrade George V coins ..."
- I think you have become spoiled since you came to the darkside. Grading is subjective, but KGV coins have the objective element: the pearls. There is more to it than "counting the pearls", of course, but counting them is an objective first step in the process; and one which is difficult to argue about. On the silver coins, the second question is whether you can read "Advance Australia".
Armed with these simple tools, I bet you've stripped all of your dealers' "bargain bins" of any true bargains.
Peter
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Pillar of the Community
 United States
5318 Posts |
Peter, Thanks for the helpful info--I certainly appreciate the education, which is why I ask so many questions, lol.  "On the silver coins, the second question is whether you can read "Advance Australia" How does that figure into the grade?  Upon checking, I notice that wording is legible on all my predec. silver. "I bet you've stripped all of your dealers' "bargain bins" of any true bargains" Yes, that's my favorite part of collecting. Surprisingly, I've found some of my best coins in the $1 box. Edited by KurtS
06/11/2008 01:51 am
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Pillar of the Community
Australia
1040 Posts |
Kurt I would agree with your grade of fine. That gives it a catalogue value of $8. Far cry from US$110, but good luck to him if he gets it. Have you seen this link for grading pre decimals? It is also great for the mintmarks. http://coingrading.vpcoins.com/ |
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Pillar of the Community
Australia
655 Posts |
Bottom band is not complete. 'About Fine' I think.
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Valued Member
Australia
206 Posts |
Vg+ at best obv, bottom band is nowhere near complete, no trace of diamond, and bottom pearl of the 5th/ 6th pearls is joined to band. Also has been cleaned by the looks. So straight away down to aVG for me.
AU+ R/B TONE!, is laughable at best, sheer deception and misrepresentation more like it.
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Pillar of the Community
Australia
655 Posts |
Yeah I bet Walter wouldn't give it better than VG. And your right, the colour looks blotchy like it's been cleaned.
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New Member
Australia
42 Posts |
just might have to offer them 1c for that coin.
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Pillar of the Community
Australia
839 Posts |
lol at that, well done on finding it Kurt, I'd give it aF at absolute best.
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New Member
Australia
30 Posts |
very funny, I bought a coin off him when I first started out (1918 6p) and you guessed it CHOICE UNCIRCULATED I couldnt believe my luck getting such a valuble coin for $80 the pic was fuzzy though it looked like a quality coin and he had good feedback so I dove in, anyway 2 weeks went by and a package arrived from the man in question, it felt very heavy for a coin, when I opened it to find 2 old light bulbs, I contacted him to let him know and he was very sorry and asked me to resend the package to the rightfull owner which I did, 2 weeks later the coin arrived, written on 2/2 choice uncirculated 6 storng beads, it was aVF at best I later sold it for $30, couldnt be bothered getting a refund, I felt sorry for the bloke so I left positive feedback. cheers
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New Member
Australia
30 Posts |
ive been looking at American auction rooms and I found a coin from a huge auction house which said (aUNC but would only grade EF in Australia)are their grades different.? .
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Pillar of the Community
Australia
2830 Posts |
G'day IC3, & welcome. How are the Wahines down your way ? ... or are you too young to remember a song about your town by Captain Matchbox ? quote: "... are their grades different ?" - yes. Grading is the pretence that an essentially subjective exercise can be given a veneer of objectivity. The hobby, or perhaps industry, is now attended by TPG [third party graders] & FPG [you guessed it: fourth party graders]. Meanwhile, nearly every seller on ebay prefaces his grade with words to the effect "I'm not a grader, but ...". You will note that grades bottom out at "about good", which translates to "only just recognizable as a coin". At the top, there are half-a-dozen sub-grades within "uncirculated". Anyway, if you scroll back to the top of this screen; look on the left side; among the many interesting & valuable links there, you will see 8th from the top "Glossary". Go there, and look up "AG", "fine", "VF", "unc", "AU", and anything else you can think of. The Glossary is, for the most part, Seppo-centric, but you will be better informed. Renniks latest edition devotes half of one page to grading. I have a Gadoury, the standard catalogue of French coins, which has five pages on grading, including numerous pics to illustrate the text. I have seen Seppo books that go to even greater lengths to explain their criteria. I blame the accountants for this state of affairs. Peter in Darwin |
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Pillar of the Community
United States
5318 Posts |
Quote:
Go there, and look up "AG", "fine", "VF", "unc", "AU", and anything else you can think of. The Glossary is, for the most part, Seppo-centric, but you will be better informed. Peter, Grading is all about money here for many "Seppos", meaning "grab as much as you can, and the truth be damned"--particularly true on ebay, well even ebay.com.au! Another egregious case is how the big TPGs grade up rare coins so the auction houses can make more money. Someday all this nonsense will retrace to better standards. Btw, did anyone notice the original auction has been reduced to $49? Edited by KurtS
08/27/2008 10:33 pm
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New Member
Australia
30 Posts |
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New Member
Australia
30 Posts |
i know my grades, I was just wondering if the USA have a different method of grading,. the auction site said quote (aUNC or EF in Australia) end quote, also grades to me bottom out at average circulation, then fair, aGood, good...not that you would ever use the last 3, anyway back to that auction I would grade that coin VG at best as I tend to take off my rose colored glasses when looking at other peoples coins lol, he also has some other Australian coins which I got a laugh out of. one being a 1919 penny dot below which he wants $60 for, I emailed him and offered 50 1919 dot belows all better grades for $100 (also payed out on him a wee bit) ill await his reply, also look at his postage prices. .
Edited by intentcity3
08/29/2008 12:03 pm
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Pillar of the Community
United States
1415 Posts |
Ya know if I was the mint and produced a AU+++ coin that looked like that, I would change professions Sorry mate  |
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Replies: 17 / Views: 3,971 |
Posted 06/11/2008 01:24 am
