Guess the Grade - Morgan

My analysis of the TV images with the GC images showed me everything I need to know. I have since shut up.

 

Log in or Sign up to hide this ad.

Oh really. So now you're telling them their business...

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. https://www.pcgs.com/lingo/M

 

Lehigh, pay attention...

 

So wait a minute, all of a sudden, the guy who is defending the TPGs in recognition of his own limitations is the one who always has to be right? Yet you post two coins that you personally think are overgraded despite being told otherwise by the professional graders at PCGS & CAC and then have the nerve to give a lecture on "humility"

Again, the only thing this thread proves is that you can't accurately grade coins from photographs.

 

Have you ever even submitted a coin for grading?

 

Actually, surface preservation has ALOT to do with the price paid for a coin. So, acting like the grade and surfaces are irrelevant is a weird stance to take. Most collectors will "pay up" so to speak, for clean surfaces to go along with luster and color.
If im spending that kind of dough on a toned Morgan i want it to be all there. Not all marked up especially on the obverse like these 2 are. Again, a 63 with nice bag toning versus a 65 or 66 all things equal, the 66 is in a whole different stratosphere money wise.

 

And everybody who collects rainbow toned coins knows that they often get grade bumps for color and the bid/pay accordingly. The price difference between an untoned common date Morgan Dollar in MS63 and one in MS65 is about $50. The toning on both of these coins will be in the multiples of the MS65 price. The only way the grade of the coin will impact the price is if you determine price by using a multiple of the untoned price. And in that case, if you are using the market graded grade based on the toning, then you are a fool.

Don't worry, I'm not accusing anyone of being a fool here. You guys know everything I am saying and seem to be acting obtuse for whatever reason.

 

If your understanding of market grading is typing a definition from a website, then I rest my case.

 

I admitted I can’t grade. Where is your admission that you were wrong about stars? Or that you also claimed to know more than the TPGs by calling several of them grading mistakes? Professional graders gave those coins stars but you knew more to call them mistakes?

 

It was shown that I was applying the proof standard to business strikes. FWIW, I still don't agree with their practice of awarding the star designation to untoned coins, but to be clear, they are not mistakes.

And your admission that you can't grade seemed very patronizing, I didn't take it seriously. IMO, you still think that the coins in this thread are overgraded.

 

Ok I admit that market grading was used and by those standards the Morgans were graded properly. I don’t like the grade, but my standards won’t ever be used or matter to anyone. So those coins will be accepted on the market and by the vast majority of people. It is what it is.

 

I don't like that either, gets to confusing for people what it actually means. They should have used another symbol or term for those.

 

I actually don't have a problem with the grade of the Morgan, I have no problem with that color pattern and amazing eye appeal moving a grade up a point or two as that coin will sell because of the color not the grade anyway. People will say 1.5 but IMO the PCGS + is closer to the NGC * and it's largely an eye appeal thing otherwise you would see more of them. Only PCGS knows for sure but from experience they are stingy with the + which is perfectly fine.

That said I do generally agree with what you posted. It's like online review sites no one goes on to say hey I had this experience that lived up to expectations and they did exactly what they should have. It's the angry people or the people that feel they were wronged or know the best that are the most vocal and give a grossly disproportionate negative view of something.

That's just for stores and restaurants, now you add coins to the mix and egos come into play where people want to present themselves as experts or have financial interests they are hoping to advance, a dislike of a TPG for grading their coins harder than they hoped ect.

The VERY unfortunate part is that most of the nonsense conspiracy rumors and misinformation comes from people that have very little or no experience with the TPGs.

I have many posts explaining how grading doesn't have a right answer like 2+2 and how you can not like something but the grade be right, picture grading vs in hand grading, recognizing ones own grading limitations because anyone who thinks they can always be shown a picture of anything and grade better than PCGS/NGC/CAC who saw it in hand is kidding themselves, and really just trying to have an actual conversation about grading.

Unfortunately most of the time the anti-TPG little or no submission experience group derails the conversation with just nonsense internet rumors that they heard one time or claims they have no proof or experience of and make you spend the entire time disproving feelings they have.

When asked if they think their skills are better than the actual recognized experts that they are calling wrong or saying they do this or that you very rarely get a straight answer

The lynch mob mentality needed to be pushed back on and thankfully many posters have pointed out what needs to be pointed out and lurkers and new members will hopefully realize simply posting, being popular, or even a mod on a forum doesn't make you an actual expert

The distorted view of market grading some present is very hard to actually converse with, so are the oh they're just picking whatever grade, everything old will upgrade, massive grading swings ect.

Intellectual discussions are a two way street, they're impossible to have with people who approach the subject with just rumors and thinking they have to be right and know the most. The TPGs and CAC are actual experts, we can and some of us like yourself do learn a lot about grading from the decisions they make. When you disagree the first question should be what did I miss, not I know best they're wrong.

 

AHA !!!! I knew it !! You said a mouthful right there. This is the driving force behind everything you spew.

 

For the record, these are the people I was telling to pipe down!!!!

 

Which needed to be said in my opinion when certain things were said. PCGS is even regulated by the SEC but conspiracies still exist for a business literally based on trust that has no dog in the fight for upgrades. Why some think they would compromise their business for a couple grand which would literally destroy their multimillion dollar world wide operation is beyond me.

Before anyone starts they aren’t Enron they can’t cook the books for huge gains.

 

You have OBVIOUS financial interests you are hoping to advance. This makes sooooo
Much sense. Now. You stare at a computer screen watching the stock market then come over here and spew that blatantly biased BS all day every day hahahahahahahaahahaha

 

Thanks 4 giving me that heads up @baseball21 we can all go about our business now watching football and enjoying our collections. I know you dont have a collection so........ you can go back to staring at your CLCT stock now