I've only been collecting Morgans for a little over a year. I was told early on by someone on the NGC message boards how to grade a 64. He has considerable experience and I'll never forget his recommendation for a MS64: if the mark on the cheek is deep enough to draw blood, it's not a 64. Now that being said, I've seen a whole lot of coins in both TPG titans holders that were over graded. I do take my time sorting through all the slabbed coins to find the ones I think are properly graded. I'm not perfect, but as I view the pictures, in the back of my mind is "will the bag mark draw blood"!
Me I buy the coin first I'll grab a clean example for the grade that I think is correctly graded and I'll walk on ones that I think are overgraded I have ms 64 morgans that many people would today call a 65 and I feel no need to send them in and spend the money to try and get them upgraded cause in my opinion their correct I started collecting long before there were tpgs and learned how to grade coins and bought many coins before tpgs became popular I rely mostly on the slabs to buy coins that I can't hold in hand to be sure that their authentic and problem free I trust my eye on coins when I can examine them in person (tho I occasionally have made mistakes) but I can't examine a coin at an auction halfway across the country that is what I rely mainly on tpgs for as to grade I often make my own desicions
I certainly agree that we need to learn to grade, independently of the TPGs, but to throw their grades out as irrelevant or over graded consistently is childish. They control the market, and not someone's opinion.
They don't control anything, except their own employees. But if you wish to allow them to tell you how to grade coins and control you, not much I can say about that.
They set the market for sale prices on coins, and condition of coins in arms-length transactions. Are you really that naive to believe that isn't the case? Before TPGs, it was an extreme risk to buy a coin sight unseen. Now it is done all the time. So I guess Doug's extremely punitive grading is correct, and the TPGs market grading is wrong? Wow, didn't know you had that kind of juice!!!
Dave you ever hear of the Grey Sheet and the Blue Sheet ? The prices listed in the Grey Sheet are only for sight seen coins. The prices listed in the Blue Sheet are only for sight unseen coins. And if you ever compare the two of them, Grey and Blue, to each other, you will see that there is a substantial difference in the prices listed. Blue Sheet prices are much cheaper than Grey Sheet prices. As for the coin market, prices on the coin market are controlled by the combined Bids and Asks on the electronic dealer networks, and then reported in the Grey/Blue Sheets. NOT by the TPGs. It might also be important to understand that most dealers ignore the grades the TPGs put on the slabs. They learned long ago what a mistake that is.
I am not even going to bother answering your condescending and rude defense of yourself all the time. The last straw was acting as if I am unfamiliar with the Grey Sheet and Blue Sheet---c'mon, Doug, there are others who know as much as do you. Be the one who is always right on grade, and enjoy your "divinity." I think the proof is in the pudding--very experienced collectors on this board grade a coin as "62-63-64-63-61-64-63," and you come in at "AU 55 details. " Everybody else is wrong and you are right. Fine with me if you believe that.
Thought you weren't supposed to get personal around here. I questioned the sanctity of your grading, not you as a person. You are being rude, Doug. I am calling you on your condescension, not your opinions, with which I have respectfully disagreed with before. Now, you are getting personal, and that isn't what we're supposed to do here, is it? Can't we disagree on grading standards without the denigrating remarks if I don't happen to share your opinions?
I'm not getting personal, I was just being serious. I said you really don't get it because my comments above in response to yours had nothing to do with how I grade and how the TPGs grade. I think every single person on this forum knows that I do not subscribe to how the TPGs grade coins these days. But that has nothing to do with the current conversation. What I said above was in direct response to your comments that the TPGs control the prices in coin market. And that just simply isn't true. Were my comments condescending ? Yeah, they could probably be taken that way. But what I was doing was pointing out the truth of the matter, the facts - not opinions. And if that makes you feel bad, well, sorry about that. But you were the one who was putting out inaccurate info.
I forgot to update this thread...oops my fault! The coin went into a 63 holder and was subsequently sold.
Guess I was right, Doug. You drastically under graded it, as per your overly punitive standards. TPGs are not always overly optimistic. I said it was a 62-63, and would grade as 63. So did several other members--so I think there is something amiss in grading so strictly that it is punitive.