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Reality Or Rumor? "High Grades Don't Go To Just Anybody"

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United States
117 Posts
 Posted 07/15/2022  07:45 am Show Profile   Bookmark this topic Add Ozzy5150 to your friends list Get a Link to this Message Number of Subscribers
I hope to gleen a little insight as to the reality and possibility that any given coin will hold its own regardless of the submitter. If you have any factual knowledge as to the reservation of high grades for VIP's or the Ol' boys club, please enlighten me. I'm hesitant to submit simply because I've heard these kind of rumor's. Does anyone stand a chance of receiving the 67-68?

My intention is simply to understand the reality of the politics, if any, when it comes to doling out that kind of earning potential. Peaceful and respectful conversation please.

If this topic proves to be in the wrong category, I apologize. Please follow if moved.

Thank You All
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hfjacinto's Avatar
United States
7276 Posts
 Posted 07/15/2022  07:52 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
There is no actual knowledge of who gets and doesn't get a high grade. Large dealers by sheer volume will always get more high grades than you and I but we don't send thousands of coins to get graded. I've been happy with what I submitted and felt the grades were fair. If you don't like your grades chances are you aren't grading accurately. On average the 3 major TPS get the grades pretty good.
Edited by hfjacinto
07/15/2022 07:52 am
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panzaldi's Avatar
United States
18668 Posts
 Posted 07/15/2022  09:50 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
from what I've seen receiving a top-pop grade is pretty much pie in the sky. I think they tend to protect those top positions even if a coin deserves it. seen it too many times,
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 07/15/2022  10:48 am  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
HFJ and Panzaldi kinda hit it on the head. The Ol' Boys club isn't really a thing, especially with the fact most of the newer highers are younger guys as far as I'm aware. The dealers tend to get better grades because they have access to much more volume than you do, because of that they pick out the nicest coins and send them in greater volume. That said though PCGS and NGC are very protective of their top pops, I've had more than a few subs where I felt that I was skimped half a point or a full point but such is life. However, if you feel like that's happening with a lot of your coins as HFJ said, it's probably more on you than them. I've always had issues grading Indian cents and after the last group I sent I really sat down and studied the series again because that gap in my knowledge was a problem. Though on the other hand I sent a group of about a dozen V75 Tallgrass Prairie quarters in and got exactly the grades I predicted with the exception of a single one I was a little optimistic on. It's really just experience.
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BadThad's Avatar
United States
19957 Posts
 Posted 07/15/2022  11:29 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
My feeling is they intentionally limit the highest grades - which is highly dependent on specific year and series. I don't think there's a "good old boys club" or anything like that. I think it's the finalizer at the end that considers it by looking at populations and deciding if they should add another one or not.
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merclover's Avatar
United States
10635 Posts
 Posted 07/15/2022  2:10 pm  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
Or could it be just there are very few 67 or 68 out there?
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United States
984 Posts
 Posted 07/15/2022  2:10 pm  Show Profile   Bookmark this reply Add grospoisson to your friends list Get a Link to this Reply

Quote:
My feeling is they intentionally limit the highest grades - which is highly dependent on specific year and series. I don't think there's a "good old boys club" or anything like that. I think it's the finalizer at the end that considers it by looking at populations and deciding if they should add another one or not.


I think BadThad is 100 percent correct! If you read the description of what a 66 or 67 coin is PCGS and NGC there seems to be several subjective terms in their descriptions. This always gives them an out when giving 66 grades. Others will say you and I just don't know how to grade. I have learned a great deal in the last year. I don't want to hijack the thread so I will create a new to make my point.
Valued Member
United States
117 Posts
 Posted 07/15/2022  6:16 pm  Show Profile   Bookmark this reply Add Ozzy5150 to your friends list Get a Link to this Reply
Thank you for your input. I'm not good at grading. I've studied Lincoln Cents for the past 2 years an average of 70+ hours a week. There's so much to learn. My problem is trying to sell, everyone wants a certified coin. I really don't know what's worth submitting and what isn't.
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silviosi's Avatar
Canada
6244 Posts
 Posted 07/15/2022  8:19 pm  Show Profile   Bookmark this reply Add silviosi to your friends list Get a Link to this Reply
Here we have two different things.
1. Who buy (serious collector) normally buy the coin not the slab.
2. Here we have two kind of grading: Technical till AU inclusive, and commercial in MS.

They grad a coin in an average of 20 second a coin if you do not ask for varieties or errors, so this it is. Half point or one point more and faster for high volume customers yes is true, main with PCGS
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KYCopperCoins's Avatar
United States
1361 Posts
 Posted 07/16/2022  4:56 pm  Show Profile   Bookmark this reply Add KYCopperCoins to your friends list Get a Link to this Reply
I agree that there is no preference for the submitter, and that it is kept out of sight from the graders, as that would cause many liability issues for the company grading the coins. I imagine that massive class action suits would be brought against the company if a grader could do favors for friends type of deal and it was found out. Does it happen? Well your guess is good as mine.
I do agree that top pops are protected and have seen many coins with better all around appeal and technicality sitting in lower holders than the top pops. If you flip through coinfacts very long, you'll see plenty of them. Another point to be made is that most of the grading is done with the naked eye, they roll the coin to view the luster at different angles looking for glints, spotting, or any distractions and pretty much determine if a coin is gem or not at that point from my understanding, then take a look at the imperfections they see under magnification (typically a 10x-ish hastings triplet loupe) and make their assessments as to what level of grade is deemed worthy by their "opinion". They don't typically stay on one coin for very long and scrutinize them the same way we do. Eye appeal, distracting marks and spots, strike, all of which play a role are evaluated. Beauty is in the eye of the beholder, not the holder...
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