Did PCGS Get The Grade Right? 1925 S Lincoln Wheat Cent / LWC - Page 2

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acloco Pillar of the Community United States 3540 Posts	Posted 04/26/2011 6:48 pm eddiespin - exactly. NOT knocking the owner/poster/or this coin....but that is not an EF coin by grading standards. It is an EF coin by "market grading standards". Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 04/26/2011 7:49 pm Quote: PCGS always gets it "right," though, if you'll just remember this: they're grading based on what their experience tells them the coin will transact at in the marketplace. There's some truth to that on high value coins. This is a $10 or $15 coin. They just put a grade on it based on what they saw. ANA #R3154474 Report this Post to the Staff
eddiespin Pillar of the Community United States 1547 Posts	Posted 04/27/2011 12:56 pm Quote: There's some truth to that on high value coins. This is a $10 or $15 coin. They just put a grade on it based on what they saw. BH1964, FWIW, this is what PCGS purports to do, they have the market experience to make those calls, and, I don't see any exceptions, therein, for lower-valued coins: Market Grading A numerical grade that matches the grade at which a particular coin generally is traded in the marketplace. The grading standard used by PCGS. http://www.pcgs.com/lingo.chtml?uni...313&letter=M The point is, in no way are they technical grading. In fact, look at that link to their glossary, and see if you can find a definition for "technical grading." You won't. That term isn't even in these graders' vocabulary. PS: BTW, the technical grade on this coin is hard to make out, for the fuzzy pictures. But, giving those every benefit of the doubt, I'm seeing it, technically, as a EF-40/45 coin. It may be worse, it may be better, I'll concede that; no problem... Report this Post to the Staff
acloco Pillar of the Community United States 3540 Posts	Posted 04/27/2011 5:19 pm Eddiespin - thanks...again...you are right. Regardless...would be proud to have it at my house. :) Report this Post to the Staff
Indian1 Pillar of the Community United States 3640 Posts	Posted 05/05/2011 6:40 pm Two grades too liberal but ? More bucks for everyone. Report this Post to the Staff
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Did PCGS Get The Grade Right? 1925 S LWC