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Electronic TPGs

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norseman012's Avatar
United States
357 Posts
 Posted 08/09/2009  3:18 pm Show Profile   Bookmark this topic Add norseman012 to your friends list Get a Link to this Message Number of Subscribers
I have been reading a lot of stories about people sending in cracked out slabbed coins and sending then in to the same or different grading companies getting either the same grade or grades one to three points above or below the grade stated on the original holder. I Know coin grading is subjective to an extent, but why is that if we have written books of how to grade coins by noted numismatists is there so much subjective grading with the top three TPGS can this be all nothing more then a money making scheme developed by these TPGS. If a coin is held in hand and looked at with a good eyes and with the aid of magnifying glasses why can't we all be on the money. Maybe we as collectors don't want a accurate form of grading being that we all want our coins to be better then what they really are and worth more for the next grade up. I don't believe that coin collecting should be about the money (no pun intended) but since coin collecting can be a very expensive hobby and many people spending small fortunes in coins why is that no one has come up with a electronic forum of grading your coins we have the computer technology and the computer can scan a coin with all the right lighting and sensors to pick up and eveything on the coin surface to come up with a true grade. So what do you thing about a computerized coin grading company making its why into our hobby.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/09/2009  3:40 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
So what do you thing about a computerized coin grading company making its why into our hobby.


The concept and method of electronic coin grading is patented, in fact. It's U.S. Patent #5220614.

PCGS owns it.
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Napoleon31ft's Avatar
United States
528 Posts
 Posted 08/09/2009  3:47 pm  Show Profile   Bookmark this reply Add Napoleon31ft to your friends list Get a Link to this Reply
There are so many factors to grading.
No one coin wears the same. Every coin is just a bit different so the 20 or more grades that we have are just not enough. Coin grade and price are all dependent on the collector. Some coins like the S mint Walking halves just have a weak strike. I have seen these coins before where I would grade them XF but they were slabbed as a 63 coin. The diamond on the Indian cent are the same way. Some coins the diamonds wear right off leading some collectors to give it a low grade on the other hand the rest of the coin might still be nice looking and so other graders grade much higher.
Eye appeal is also a very large factor. It is what grading comes down to. The more wear the less eye appeal but also toning and damage add to it. I own a Morgan dollar graded MS-63 by PCGS that looks just as nice to me as a 65 because the damage does not take away from the appeal for me. If I took it out I would grade it a 64 but others might keep it at 63. With toning some collectors dont like it and therefore would give a toned coin a lower grade than one that likes it.
Since every coin tones, wears, and looks different I dont think that we could ever have a computer grade a coin.

Collecting coins is a science whereas grading is an art.
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norseman012's Avatar
United States
357 Posts
 Posted 08/09/2009  6:22 pm  Show Profile   Bookmark this reply Add norseman012 to your friends list Get a Link to this Reply
They beat me to it SuperDave LOL Just think that a TPGS was able to patent a method of grading coins. Whats next TPG'ers owning a particular grade. Thanks for telling us.
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Conder101's Avatar
United States
17884 Posts
 Posted 08/10/2009  08:28 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
It's been done at least twice already and both companies junked the concept (PCGS and Compugrade). Two other companies were working on it in the late 1980's as well (ANACS and Amos Press. The reason Amos Press bought ANACS was to get their computer grading research rather than reinventing the wheel.)
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/10/2009  11:58 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
PCGS is probably the only company which could successfully implement computerized grading - the real stopper with the technology is having a large-enough database of existing, graded coinage from which to develop baseline scans for each grade. The technology is mature, and the accuracy required to scan a coin at a resolution capable of telling between wear and strike won't push the limits.

What doesn't exist is the street cred, and that would take a top-tier TPG to establish. PCGS, however, has a vested interest in the grading system as it exists, and they're going to sit on their patent.

It expires in 2011.
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United States
505 Posts
 Posted 08/10/2009  6:14 pm  Show Profile   Bookmark this reply Add Frazzle to your friends list Get a Link to this Reply
I wish there were some way to take the human factor out of grading...I know it will never happen,but,I would like to see grading that was based on fact and not some guys opinion....JMO
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