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Cgs ?

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Author Previous TopicReplies: 7 / Views: 2,151Next Topic  
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leprecoin's Avatar
United States
148 Posts
 Posted 07/13/2008  02:05 am Show Profile   Bookmark this topic Add leprecoin to your friends list Get a Link to this Message Number of Subscribers
I was surprised to find today a coin graded
Quote:
CGS UNC 85

now this is a highly respective British auction house, so am sure is not one of those fly by night TPG.
from the other hand, search on ebay brought back 0 results !?
I heard something about new grading standards (up to 100) but didnt see any sample yet, nor any documents...
Can someone clue me in please ? thank you
Edited by leprecoin
07/13/2008 02:14 am
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GO's Avatar
United States
6563 Posts
 Posted 07/13/2008  02:16 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Silly English

http://www.cgs-uk.biz/home

Not sure why this company would wanna start an entire system that goes against one that has worked extremely well for decades

Quote:
Why are you not grading on the Sheldon G1 - MS70 scale?
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This scale was originally designed by Sheldon as an aid to comparing the likely commercial value of early US copper cents in various grades, and although well established in the USA it has little relevance to English Coinage. The universal 1 - 100 percentage style scale seemed more logical to us. The traditional grades of VG, F VF and EF Unc naturally fit into a percentage scale also as 0 - 19 VG, 20 - 39 FINE, 40 - 59 VF, 60 - 79 EF, 80- 100 Unc.


So far I've only seen 2 sellers of these coins
This One
That One


The slabs look cool though
Cgs-?
Cgs-?
Valued Member
leprecoin's Avatar
United States
148 Posts
 Posted 07/13/2008  02:38 am  Show Profile   Bookmark this reply Add leprecoin to your friends list Get a Link to this Reply
Very interesting! what about Brown/Red notification for copper and such coins ?
the one I red about was bronze, and it didn't have any mentioning to the color.
it is very nice slab, look like improved/ imitation of pcgs slab.
On another note... it say SPINK! thats a new one. I never saw PCGS slab say Heritage
Edited by leprecoin
07/13/2008 02:40 am
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GO's Avatar
United States
6563 Posts
 Posted 07/13/2008  02:48 am  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Not sure if they do Red/Brown

Here's a Population Report on a Penny

Cgs-?
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Sap's Avatar
Australia
16810 Posts
 Posted 07/13/2008  03:32 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
On another note... it say SPINK! thats a new one. I never saw PCGS slab say Heritage

"Spink 3740" is the catalogue reference number from "Coins of England and the United Kingdom", which is published by Spink. The Spink catalogues (formerly the Seaby catalogues) were originally a dealer's sale catalogue, but they have since evolved into the standard reference work for British coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Conder101's Avatar
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17884 Posts
 Posted 07/13/2008  04:02 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
CGS-UK has been around for about two years now and it is NOT a fly-by-night. It is a serious attmpt to establish a grading service, and possibly one that would be more appealing o the European market.


Quote:
Not sure why this company would wanna start an entire system that goes against one that has worked extremely well for decades

Because it has NOT worked "extremely well" outside of the US. Outside the US the concept of a grading scale based on "70" is concidered to very stupid. All of Europe, Asia, South America, frankly everywhere but here everything is based on a decimal system and a 1 - 100 scale. So the thought is probably that the 100 point grading scale will be more accepted. And, since the 70 point scale has not gained wide acceptance already there isn't as much difficulty introducing it overseas than there would be trying to break into the market here where it is firmly entrenched.


Quote:
On another note... it say SPINK! thats a new one. I never saw PCGS slab say Heritage

That is because Heritage has never written a widely used standard reference book. Spink has. Spink 3740 is a catalog reference not a reference to the auction house.
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leprecoin's Avatar
United States
148 Posts
 Posted 07/13/2008  11:47 am  Show Profile   Bookmark this reply Add leprecoin to your friends list Get a Link to this Reply
Well, this is a big argument that am not sure I want to start, But I do want to remind you, that the beauty and ez of the decimal system is the ability to calculate, which is not required in grading.
and I don't think its "not working well" outside of the US because of the Sheldon system, It have many other valid or not reasons...
like, prestige of grading country coins by "someone else", ego, economics, lack of value for small niches of "world grading", and many many more reasons.
Beside, few yrs ago just the idea of buying a slabed coin that you can't "feel in your hand" would freak people out in europe.
but then when dealers see that they sometime get double the money and more for graded coins online, they tend to start favoring the slabs, and I didn't really study the Increase in # of slabed world coins, but I think is obvious is shifting in large. (Don't forget the whole hobby changed because of the Internet recently)
In any case... Is very exciting for me, and a great fresh breeze to learn about CGS. I will defiantly study them closely in the future.
but for now, maybe if someone already familiar...
would you say CGS 85 is equal to MS63 ? or more like MS65 ? I still wonder about the colour too...
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Bryan1315's Avatar
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14454 Posts
 Posted 07/13/2008  12:35 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
well the way my brain works they are using 20 numbers in the UNC category instead of 10 so it should be like every two numbers is one of PCGS's grades, for example a 80 is a low grade MS-60 and a 81 is a high grade MS-60, then 82 is a low grade 61 and 83 is a high grade 61 and so on and so on. I may be completely wrong here but thats how my small brain wraps around this 100 point scale they are using, so in this scenario a 85 would be a low grade MS-63
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