I just knocked dealer out of his seat!

I was at a coin show today accompanied by my grandfather, when I spotted the piece I "wanted for Chanukah". He bought it for me, and than I showed him it under my loop and I pointed out how "shiny" it was (didn't want to use the word "lustrous" to simpilfy things for a non-collector). You had to be there to appreciate the expression on the dealers face after selling me an $80 coin! I quickly corrected myself afterwords, but he never did completly calm down. Lesson: avoid a heart attack; use technical terms. Anybody else have a similar experience?

 

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What coin was it?

 

A nice 1898-O MS64 $1. Right on grade IMO because of the near flawless reverse, but an MS62.5 obverse.

 

Can you upload a picture? I like Morgans.... helps to visualize.

 

Two points on this...
1) How can you grade a coin "62.5" anything?
2) Doesn't the obverse grade supercede the reverse grade in almost all situations (except the specialty reverse coins)? If that's the case, I would say a "62.5 obverse" would be a solid MS62, not a nice MS64.

 

As a rule, greater weight is given to the obverse. If, in your opinion, the obverse was 62.5, then it probably should not have graded better than MS63.

Chris

 

I've never heard of a decimal grade, that's just splitting hairs.

 

Grading, in general, is just splitting hairs...........

Me when I sell: Dealer says it's a 63.

Me when I buy the same coin: Dealer says it's a 65.

It's a jungle out there people.........


[video=youtube;BhKlBH2_dVY]http://www.youtube.com/watch?v=BhKlBH2_dVY[/video]

 

You won't currently see decimals on slabs, but varying qualities within a grade are what puts the "+" on a slab. In this case the Morgan would probably net grade at 63, but pictures are wonderful. Maybe you're being too hard on the coin saying 62.5....or too easy with 64...

 

FE21, is the Morgan slabbed and professionally graded MS64?

 

i hope we never get to the point that we have decimal grades as the grading is subjective enough already.if you look in a coin book and use it to help determin the coins grade you will find these guys are right as the obverse carries you through most grades and as i am sure these guys know the reverse also is important.i am happy for your good fortune at the show.if you go to shows or dealers regularly you will find this is the rule as dealers get far to many coins in to keep track of all of them accurately it is to time consuming unless the coin is a better date or in some other way exceptional.

 

Well, now you have, and no... it's not.

 

I've heard of decimal points too - they're out there.

 

I thought Chanukah coins were supposed to have chocolate in the center

 

We need to invent a machine that you place the coin into it and it spits out the grade to the whole number. If we can put a person on the moon, create a computer that wins on jeapordy, and invent a knife that can cut through a soda can, we can make this coin grading machine. OK Coin Inventors, invent! It's up to us now.

 

Too late already been tried, it was called compugrade. And yes they used decimal points

 

I don't understand why your saying "shiny" instead of "lustrous" would knock a seller out of his seat.

 

Have you also never heard of "+" grades? Or CAC beans? That's basically what those two concepts boil down to.

 

There are no such thing as decimal grades. What posters are confusing is the fact that + grades exist by some of the TPGs to rate coins that are high in grade, but not high enough for the next grade. No such thing as MS 64.7.

 

Call it what you want IMO, vernacular police are really annoying.