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Asking For Grade Opinions On Your Slabbed Coins?

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KauaiHawaiiGuy's Avatar
United States
612 Posts
 Posted 07/11/2021  10:10 am Show Profile   Bookmark this topic Add KauaiHawaiiGuy to your friends list Get a Link to this Message Number of Subscribers
I just don't get it. I've posted almost 300 un-slabbed raw Morgan and Peace dollars on the grading forum because I am interested in the opinions of the forum members as to the grade and condition of the coins I submit. Sure, I've already formed my own opinion before I ever submit them here, but that's still just my opinion and the forum balances out what I was thinking. Sometimes I disagree, but most of the times I believe that the forum consensus is correct.

But with that being said, I see an awful lot of submissions from folks of already slabbed and graded coins asking for grade opinions. Sometimes even with the heading like "You vs PCGS" or something like that. Why? Are they going to crack them out if the consensus is higher or ask for a re-evaluation? Are you looking for confirmation because you don't trust or believe the grade on the slab? Do you just want to show off your latest acquisition. Clue me in here and help me understand the reasoning behind asking for a grade on a graded coin. The way I see it is if PCGS or NGC says a coin is a 63, then it's a 63 regardless of what you or some folks here might think. Anyway, that's my post and chime in if you have a different take on this.
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nfine's Avatar
United States
3468 Posts
 Posted 07/11/2021  10:25 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply

Quote:
I see an awful lot of submissions from folks of already slabbed and graded coins asking for grade opinions. Sometimes even with the heading like "You vs PCGS" or something like that. Why?


Some to confirm the grade, some because TPGs sometimes get it wrong or the poster doesn't agree with the grade received. GrapeCollects just posted a 1959-D Lincoln that most here felt graded in the MS 66/67 range, the TPG graded it MS64.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 07/11/2021  10:34 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
It's basically just a game to test each other's grading skills.
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ijn1944's Avatar
United States
19118 Posts
 Posted 07/11/2021  10:48 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Kinda agree with the frog. This is an unofficial, non-commercial forum--a place to share ideas and opinions, learn, disagree respectfully, and hopefully have a good time. It's a non-binding place to talk about stuff. All this should be fun, there doesn't need to be a 'point' to everything. Imagine a bunch of coin enthusiasts hanging out at a numismatic bar and grill--just shooting the breeze.
Edited by ijn1944
07/11/2021 10:49 am
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Zurie's Avatar
United States
5661 Posts
 Posted 07/11/2021  10:49 am  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Buy the coin, not the slab. Just because a TPG calls it a 63, it doesn't mean you should pay 63 money for it if it looks like a 62, or a 65. TPG grades are not always consistent.
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hfjacinto's Avatar
United States
7273 Posts
 Posted 07/11/2021  11:12 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
This is just my opinion, but in many ways we've become grading obsessed. The registry sets with points for a grade and the costs that jump when one goes from an MS65 to MS67 means that people chase the "grade", in the cases when people ask what the grade of a slabbed coin, it could be whether the coin merits a green or gold bean (cac), should I crack it out and resubmit, is the grade low and should I sell and get another or it's just all fun.

As to the motive of the poster I usually tend to say it's just fun, but not always, sometimes it's the profit margin.
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GrapeCollects's Avatar
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 Posted 07/11/2021  11:53 am  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
As stated upthread, it's in part for fun, and in part for education. I'll often post a coin in a You V TPG thread that I think is particularly challenging, or the grade may be controversial or plainly incorrect.

Often I do post you vs TPG threads when I make new acquisitions, as the frequency of my purchases decrease due to the fact that the last few coins I need for my set are likely several thousand each.


Quote:
The way I see it is if PCGS or NGC says a coin is a 63, then it's a 63 regardless of what you or some folks here might think.


Coming from someone who has friends who I've known for years who work at PCGS I can promise you they make mistakes. Coming from someone who, if I really wanted, could probably get a job as a grader, I make mistakes. That's why multiple graders look at a coin, and even then there may be a disagreement.

As Zurie noted upthread, I posted a 1959-D Lincoln Cent PCGS graded MS-64RD, prior to sending it I graded it Choice MS-67, though short of a TPG . Almost everyone was in agreement with me that the coin is a MS-67 with some even going as far as a 68. Many of those who commented have been in the numismatic market as collectors and dealers and have graded coins for decades. So who is wrong?
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Coinfrog's Avatar
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 Posted 07/11/2021  12:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Very well stated.
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westcoin's Avatar
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9792 Posts
 Posted 07/11/2021  12:59 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Well stated Grapecollects and Coinfrog. But the best comment of the day goes to...


Quote:
ijn1944 Imagine a bunch of coin enthusiasts hanging out at a numismatic bar and grill--just shooting the breeze.


completely! I post some coins I don't even have, nor own just as a learning lesson. Others are coins I have sold off or still own and are in my collection today, just to get a confirmation from others and some because I couldn't believe how good or more likely bad (off/inconsistent) the TPG was on their paid opinion.

I'd like to think I've had some pretty fun and good posts on grades in the past, I believe I've tossed in some real curve balls with proofs, patterns, wild toning, even a counterfeit/altered coin or two. Hopefully I've been able to teach a little too along the way.

The way I see it is we all learn from each other, and the TPGs can't be right 100% of the time either, but they should be more often than not as they are getting paid (really well, I might add) to grade our coins.

I've said it before and I'll say it again, I've been collecting and dealing coins for almost 40 years now. I've been to multiple ANA grading seminars, I've worked for a little while with a TPG, my coin buddy back in high school started one of the top 4 TPGs (and it's still going today). I also know current and ex PCGS, ANACS, ICG, NGC, SEGS, graders and call many of them friends, also some that worked with the companies that are no longer around any more (PCI, NCI, etc. They have all taught me things, as have so many here at the CCF. I still learn new things all the time thanks to CCF members that really help me to broaden my mind and open my eyes, I'm calling you out...

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I know I've missed a few of you so sorry about that, I can't list/remember everyone, some of them have gone away forever, others have simply disappeared from CCF (I really do miss a few of you too!), but the amount of knowledge here is hard to beat, then put it all together in a place where the leader Bobby131313, Susan, Jbuck and a select few other moderators, keep it all running smoothly and weeds out the riff-raff and chaff while keeping us all in line and on track, is a miracle if anything!

We do these grading contest because they are fun, they teach, and they reaffirm our growth and knowledge hopefully.

Everyone may have a different reason for posting a coin in a grading game post, but does it really matter why? Whether it's ego, showing off, trying to learn or just curious, I always enjoy the outcome at the end. I don't really care the reason a coin is put out for grading challenge/guesses, just that it is well photographed and lit properly and I learn from participating from reading others reasoning and grade opinions.

Climbing off the soapbox now... whew.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
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southsav's Avatar
2222 Posts
 Posted 07/11/2021  3:38 pm  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply


Okay west, well said, take a breather
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GrapeCollects's Avatar
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 Posted 07/11/2021  7:54 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
I still learn new things all the time thanks to CCF members that really help me to broaden my mind and open my eyes, I'm calling you out...



I've learned a LOT from you, so I really appreciate you saying that you've learned anything from me. I consider you one of my biggest grading mentors along with FortCollins.
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jbuck's Avatar
United States
187702 Posts
 Posted 07/12/2021  11:46 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It's basically just a game to test each other's grading skills.

Quote:
As stated upthread, it's in part for fun, and in part for education.
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KauaiHawaiiGuy's Avatar
United States
612 Posts
 Posted 07/12/2021  12:26 pm  Show Profile   Bookmark this reply Add KauaiHawaiiGuy to your friends list Get a Link to this Reply
Well thank you all for the great answers to the questions I posed. Looks like I understood the education part but didn't think about the fun part. Yep, looks like I left out the fun!

I'll be sure to look at the fun part a lot harder in the future.
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twslisa's Avatar
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790 Posts
 Posted 07/12/2021  10:09 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
I did it awhile back because I thought the grade on a coin was overly generous, and wondered if I missed something. And yes, the first pic I posted was just of the coin, without the grade showing, so people wouldn't be influenced by the grader, or go off on a tangent about this grader vs. that one. Seemed like a lot of folks agreed that it was a very generous grade, but quite a few came in with the same grade as the grader, so the flaws I was seeing may have been balanced out by other qualities.
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