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 Replies: 6 / Views: 1,160 |
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Bedrock of the Community
United States
10045 Posts |
I ran across this auction, and I guess I'm more than a little amused at how: a) a corroded coin was sent to PCGS, only to get a "genuine" label--but not do anything really useful for this auction, such as a grade. And b) the dealer would assume the slab accounts for a premium on what is essentially a raw, $25 coin tops.  I think TPGs do serve a useful function, but in some cases they cloud the issue of grading and numismatic value. |
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Rest in Peace
United States
9104 Posts |
Quote:
TPGs do serve a useful function, but in some cases they cloud the issue of grading and numismatic value. slobbing created the issues of grading and numismatic value. I don't need an "expert" telling me how to price coins, nor how much to lower the grade for corrosion. It's a rare coin, and I'm not familiar enough to know what to look for. It's genuine. The market will take things from there. |
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Bedrock of the Community
 United States
10045 Posts |
 After some years of collecting, we develop an eye for what we collect--and realize we can figure out grades on our own.  I'm probably as good at grading Swedish coins as any, but I could not determine a grade here, nor check for the 1880/70 overdate. |
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Moderator
 United States
16679 Posts |
What I never understood about PCGS is that a coin is "genuine" but not gradeable? If a VF35 IHC had a small spot of corrosion on it, say on the ribbon, I can still grade this coin as VF35 Details/corroded. It must be for purposes of covering themselves legally...who knows. swcoin.ecrater.com
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Rest in Peace
United States
9104 Posts |
Nor does it matter. The bottom line is "I want this much, are you willing to pay that, or not?"
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Rest in Peace
United States
9104 Posts |
If this coin were graded "VF35 Details/corroded" what would you know that you don't know already? You can see for yourself that it has VF35 Details and is corroded.
If you can't see it, is it a little corrosion (and which side and where), a spot that has eaten most of the way thru, neat or blotchy, light corrosion on both sides. No matter, you still don't know much of anything.
Back when, coins were net graded. A VF with a light scratch might be listed as F, a bigger one VG, and a bad one, G. The grade was the overall appearance. Trouble is some people are more bothered by a light scratch than an old cleaning.
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Bedrock of the Community
United States
10045 Posts |
It's probably ~VF35 details, but dim photos through plastic don't give me any certainty.
But, as you say--the grade is superfluous to whether we like the coin.
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Replies: 6 / Views: 1,160 |
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Posted 07/24/2011 12:25 pm
