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YN Grading Question

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sich0015's Avatar
United States
255 Posts
 Posted 12/06/2010  5:38 pm Show Profile   Bookmark this topic Add sich0015 to your friends list Get a Link to this Message Number of Subscribers
I have been wondering a couple things about grading as I am fairly new to collecting. The guide in the Red Book is pretty easy to follow as far as wear goes but what about discoloration, scratches, or stains? I have a Liberty Head nickel and if I look closely I can see all of the letters in Liberty so it would grade Fine but it is discolored and a little bit nicked up around the rim. It is less eye appealing than other coins that would grade Fine so is it graded significantly lower and worth less becasue of that? How do I determine the new grade after these other inperfections are considered? I also have a Buffalo nickel with a fully visible horn so according to wear it would be Very Fine but it has dirt and stains on it. How much effect do these things have on the grade and the value? Sorry I don't have any pictures but my question is general and these are just two examples.
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BadThad's Avatar
United States
19930 Posts
 Posted 12/06/2010  6:30 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
They effect the grade for certain. What RedBook guides you to is call the technical grade. Beyond that is what we call net grading....that is typically notching the grade up or down a little based on the coin's appearence. Take note that badly stained and/or corroded coins will only receive a technical grade and the major TPG's will not grade them at all. Mostly the net grade is used to determine value and not much more. Collectors will always pay less for stained/corroded coins.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 12/07/2010  12:42 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Wear as far as possible, is measured in a grading system, and the attempt is to try and make it as objective as possible.

Discoloration (a bad term) and toning (usually a good term) tend to be subjective, and as a result, is more open to personal opinion.

Perhaps the best way to go is to grade strictly according to wear, which also includes nicks and scratches, then use additional description to indicate things which lessen eye appeal. This is the most common way a good postal auctioneer would describe his / her lots.

That way, you can bid according to whether you want the lot at the price you have bid for.

I have been bidding in Australian postal auctions in this way for years.
Edited by sel_69l
12/07/2010 12:44 am
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vermontensium's Avatar
United States
16677 Posts
 Posted 12/07/2010  05:10 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Although I don't believe in "net grading" like ANACS does, your coin would grade for example, F12 Details/then the problem.
ANACS likes to slab their coins as a net for, as mentioned, more than likely the marketplace, just like PCGS with their "ungradable" term. I just could never justify seen a nice AU coin with a significant scratch, and calling it AU Details, net VG like ANACS.
It's true grade is AU Details/scratched. PCGS calls their "genuine" coins, ungradable. Even lightly cleaned or with a scratch, you can still determine the grade. Again, for their protection and reasons of the market.
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