guess the grade 1925-s saint

Discussion in 'US Coins Forum' started by zaneman, Feb 7, 2009.

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  1. Leadfoot

    Leadfoot there is no spoon

    Very attractive 63!

    Now we just need you to spend some money on camera equip. ;)
     
    Leadfoot, Feb 9, 2009
    #21 + Quote Reply
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  3. DsDude

    DsDude New Member

    A solid 64 from me.

    It's a very clean coin. ;)
     
    DsDude, Feb 9, 2009
    #22 + Quote Reply
  4. eddiespin

    eddiespin Fast Eddie

    Well then so much for those "cabinets" and their "friction." ;) Nice one, Zaneman. :thumb:
     
    eddiespin, Feb 9, 2009
    #23 + Quote Reply
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Zane - would you agree then that, seeing as how clean that coin is, the coin got bumped to a 63 in spite of wear on the high points ?

    And would you further agree that if it had not been for that light wear that the coin would be in a 64 slab if not higher ?
     
    GDJMSP, Feb 9, 2009
    #24 + Quote Reply
  6. eddiespin

    eddiespin Fast Eddie

    FWIW, I'm uneasy seeing it that way. You're reasoning they bumped it up 3 grades from AU to 63 for its "cleanliness." That's a big bump. It may just as well be they didn't see that "wear" as "wear." There's at least one here who called this a 63 straight-away, don' forget (...Mike).
     
    eddiespin, Feb 9, 2009
    #25 + Quote Reply
  7. Leadfoot

    Leadfoot there is no spoon

    You are right, methinks...

    I think PCGS sees it, they just choose to call it "stacking friction" and grade the coin MS.

    GDJMSP, who is a more traditional grader, calls it "high point wear" and grades it AU.

    In the end, they are saying the same thing -- they just have different grade definitions.
     
    Leadfoot, Feb 10, 2009
    #26 + Quote Reply
  8. zaneman

    zaneman Former Moderator

    Agree 100%. I think if it didnt have the high point rub it would even have a chance at 65. Too bad about the rub :(
     
    zaneman, Feb 10, 2009
    #27 + Quote Reply
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Thank you, that makes my point - the coin was value graded. Without that rub the coin would have been a lock 64 - a $50k coin. And quite probably would have been graded a 65 - $150k coin. For if you check other coins of this date/mint that are graded as 65 you will marks just as bad as the marks on this coin.

    What they are telling you with the 63 grade is that this coin, because of the light wear, has been marked down in value from $150k to $20k.

    In other words, the coin was priced because it is so clean. It was not graded.
     
    GDJMSP, Feb 10, 2009
    #28 + Quote Reply
  10. Leadfoot

    Leadfoot there is no spoon

    That's how PCGS (and NGC and ANACS) grades coins -- they really price them (i.e. market grade). That's a point that is lost on a lot of collectors (but not you), and made harder when a coin's price and grade match (as they do on most coins)...Mike
     
    Leadfoot, Feb 10, 2009
    #29 + Quote Reply
  11. GDJMSP

    GDJMSP Numismatist Moderator

    I know Mike, but as we have discussed many times before - there is a whole lot more to market grading that differentiates it from technical grading than just the value aspect. That's why I say they value graded it. And as you know, they (the TPGs) don't do that on all coins.

    That of course is why I pointed it out, because I want others to understand this aspect of TPG grading.
     
    GDJMSP, Feb 10, 2009
    #30 + Quote Reply
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