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 Replies: 19 / Views: 2,348 |
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Moderator
 United States
16677 Posts |
swcoin.ecrater.com
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Pillar of the Community
United States
737 Posts |
Hmmm....wouldn't the porosity of the coin be a result of corrosion? Perhaps a problem with the planchet itself?
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Pillar of the Community
United States
4415 Posts |
Good call, Vermontensium. You should submit a job application to PCGS ... They obviously stand to benefit from your astute grading ability. This 1908-S suffered moderate, environmental damage and is retoning, following hospitalization.
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Pillar of the Community
United States
1547 Posts |
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PCGS is calling this a problem free VG10. No they're not. They're calling it a "market acceptable" VG10, by their market grading standards. There's a difference. |
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Pillar of the Community
United States
1388 Posts |
Nice eye VermonT! I don't know if it's just me, but it looks like it has had a cleaning as well for such a worn coin in VG-10...
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Moderator
 United States
16677 Posts |
I get all the "market acceptable" grading standard aspects but this coin is obviously corroded and cleaned. This is a perfect situation where you buy the coin, not the holder. I would have chosen to put this coin in a "Genuine" holder had I been a grader.
swcoin.ecrater.com
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Pillar of the Community
United States
3592 Posts |
That's why I like the coins and not plastic.
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Moderator
United States
16677 Posts |
Exactly.
ExoGuy, thanks for the kind words but I just submitted an application to SGS. That way I don't have to grade at all. MS70 assigned to all coins!
swcoin.ecrater.com
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Pillar of the Community
United States
1547 Posts |
It's what they're calling "market acceptable," Vermontensium. That's the level of "quality" they're choosing to represent to the public in their slabs. That's all that is. Just look at it that way.
That notwithstanding, there's no way on Earth, as you pointed out, that's a "problem-free" coin. No way.
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Bedrock of the Community
United States
17884 Posts |
I don't know where they get the 10. To me it is an 8 at best. There isn't a single full letter of LIBERTY. For an 8 I don't think the problems are too bad, but they would be enough to go for a small reduction in price. Maybe G-6 money.
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Pillar of the Community
United States
4415 Posts |
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I just submitted an application to SGS. Hey Vermontensium, I hope that SGS offers good health insurance. Working in a backyard garage can be a drafty job. Yes, Conder, I agree, VG-8 "details." PCGS isn't above making mistakes. I spotted a PCGS holder at the FUN Show, housing a 1909-S Indian. It was labeled as a 1909-S Lincoln. Now, that's a collectible "error" if I ever saw one - quite a conversation piece. |
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Pillar of the Community
United States
1547 Posts |
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PCGS isn't above making mistakes. ExoGuy, I don't know that I'd characterize that PCGS VG-10 as a "mistake." From a technical grading standpoint, sure, it's no VG-10. As a matter of fact, technically, it's not even a "problem-free" coin. From a PCGS market grading standpoint, though, they're, quite literally, writing the book on that. They see that problem VG-8 as transacting in the marketplace at VG-10, and that's a PCGS "market acceptable" VG-10, now. On that Lincoln slab with the Indian in it, that's a "mistake." This, OTOH, is PCGS market grading. To simply throw that off on a "mistake," IMHO, is to fundamentally misunderstand just what they're doing with our coins. Again, from the standpoint of the technical grade, we can indeed hold their feet to the fire. Why do you think they dreamed up this market grading, though? It's so it's impossible for anybody to have any technical basis upon which to question their grades. Rather, stripped of that, we're relegated to accepting them. I sincerely believe that, anyway. Hey, FWIW... |
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Bedrock of the Community
United States
10045 Posts |
I find it hard to grade from photos, let alone distinguish dirt from old corrosion. Opinions are unverifiable until the coin is in-hand. From what I see--there's some planchet streaking, and hopefully just globs of dirt in devices. The reverse appears lightly scrubbed in that pic to look presentable (dirt looks patchy). I'll give PCGS the benefit of the doubt....for now.
Edited by DVCollector
04/04/2011 2:56 pm
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Pillar of the Community
United States
3278 Posts |
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That's why I like the coins and not plastic I am so on board with this thinking. Grading companies have too much power. Am I just a cynic or does anyone else see a huge opportunity for corruption in the slabbing of coins world. The difference in value between a 66 and a 67 can be thousands of dollars. I am in no way accusing any company or anyone affiliated with a grading service, I'm just saying people are people (Madoff) and It's just a professional opinion right? A point for a buddy, a point for a buck. I do see the value of grading services, professionals weeding out fakes, but the whole industry seems to leave a bad taste in my mouth. Well that was an unusual rant for me, I'll go away now  |
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Pillar of the Community
United States
1348 Posts |
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Moderator
United States
16677 Posts |
upstate, at the end of the day, it's a grading opinion. That's why it is subjective.
swcoin.ecrater.com
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Replies: 19 / Views: 2,348 |
Posted 04/03/2011 06:09 am
