MS-69 Coins Before 1950: How Many ?

Discussion in 'US Coins Forum' started by GoldFinger1969, Apr 6, 2022.

  1. charley

    charley Well-Known Member


    GD, you are doing it again. You use gobbledygobbledness and deft subject re-direction to deliberately confuse the reader. What 2 technical grading differences? 3 basic criteria of what? 9 different criteria of what?

     
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  3. charley

    charley Well-Known Member


    Any thoughts, GD?
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    I'm not even really sure what you mean by that. But between 1986 (3rd edition) and today (7th edition) the ANA grading standards did not change. With two exceptions, with each being for a single specific coin of a single date, one an Indian cent, the other Buffalo nickel. And that change was only with a single circulated grade - all other grading standards for all other grades for those 2 single coins remain exactly the same today as they were in 1986.

    But the TPGs, they most definitely loosened their grading standards in 2004 and have continued to loosen them several times ever since then.

    They do not. As I said directly above, the ANA standards regarding marks, dings, bagmarks allowed are the same as they were in 1986.

    Wrong, the ANA definition of wear has never changed. And the specification that any MS coin must have absolutely no wear on it - that has never changed either.

    Wrong, toned or not toned made absolutely no difference in the grade of a coin when the ANA used technical grading.

    Starting in 1986, with ANA standards, toning could affect the grade of a coin, but only in regard to eye appeal.

    With technical grading, eye appeal wasn't even one the grading criteria. Eye appeal didn't matter at all.

    Yes, it says that. But what they're talking about is the time period before 1986. Before the TPGs even existed, and before the ANA issued it's 3rd edition. In other words, those coins that were graded MS65 and became MS63- they were graded before 1986 when only technical grading was used. It was only after the 3rd edition came out and technical grading ended that those MS65s became MS63s.

    Technical grading ended completely and totally in 1986. The ANA no longer used it - it ceased to exist.

    Something maybe you aren't aware of or don't understand is that in 1977 when the ANA issued their 1st edition and used technical grading, there were only 3 MS grades - MS60, MS65, and MS70. No other MS grades even existed back then.

    When they issued their 2nd edition, they added 2 more MS grades, MS63 and MS67 - so there 5 MS grades then. But they still used technical grading back then.

    It was not until 1986 with the 3rd edition that all the other MS grades were added giving us 11 MS grades.
     
    GoldFinger1969 likes this.
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Like I said Charley, buy the books and read them yourself. Then you'll know everything there is to know about the differences between the 2 different grading systems. It's all listed in the books, it's all explained in the books, and for me to list everything and explain everything - I'd have to write both books here, and I'm not even going to attempt to do that.

    I could write from now until the cows come home and you'll still just ask more questions and not believe anything I say to begin with. So why should I bother when you're not even willing to listen.
     
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  6. GDJMSP

    GDJMSP Numismatist Moderator

    I'll add one more thing for you Charley, I've written about this whole thing dozens of times. And yes I've even listed all the different grading criteria for technical grading and market grading numerous times. So do a search, you'll find them.

    And besides that, if you know as much you claim and imply to know - you should already know what all the different grading criteria are. You shouldn't need me to tell you.
     
    GoldFinger1969 likes this.
  7. charley

    charley Well-Known Member

    Sigh... I note that you did not post the rest of my post, that I posted "hidden"..i.e. attached to your post in pink....with the expectation that you would get the point, that I consider your condescension when you post, to be the driving controlling need, as you continue to do here.

    Silly. I am not impressed by your obfuscation and misdirection and confusing commentary, designed to present yourself as the Numismatist Extraordinaire. If you are happy, that is all that matters.


     
  8. charley

    charley Well-Known Member

    Please, now you are bordering on Clownish, and the My Daddy is bigger than your Daddy syndrome.

    Need? Childish pouting designed to show all the boys and girls you are Biff.

    Read yourself....pride is one thing. Annoying gobbledygobbledness is another. Condescension is always at the heart of the majority of your replies to members.

    You use "I"....as in I did this and I did that and I built the Brooklyn Bridge and I brought Erudition and fact and the only true philosophy of the Gods to the numismatic world....you have been doing this for as long as I have been reading CT.

    You have a need to show off. Do so, it is your Right. It is my Right to comment on Blarney and annoying braggadocio.

    For an intelligent fellow, it is a mystifying anomaly for a person that claims the "I" accomplishment in so many different fields of endeavor.

    What I do note, is that you did not logically and without gibberish address the minimum of 1 question that I presented. Those cows must be dying in the prairie from embarrassment.
     
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just want to say that the debate on Market vs. Technical Grading...and the comments from the posters....I know it gets heated at times, and maybe repetitive, and maybe it's all been done a few times before in our cyberspace archives.

    But I do learn alot from the back-and-forth....so to those of you who took the time to post and contribute, I thank you. This is why I joined CoinTalk in the first place and became a sponsor for the first time, too. :D

    Thanks !!
     
    Pickin and Grinin likes this.
  10. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Not many Numismatic books have ever been written, by attacking another's perspective.
    You read it and file it away,
    And of thought.
    As far as the last 69 brought up. The hazes and dark areas on the high points are just an effect of the lighting and aperture.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Is it possible still don't understand that there is no debate about technical grading vs market grading ? Certainly not from me anyway. This is because absolutely nobody uses the technical grading system today and nobody has used it since 1986.

    This part is a fact - the ANA completely stopped using the technical grading system in their grading books in 1986. The technical grading system was literally thrown away by the ANA !

    And the new grading system that the ANA invented in 1986, and published in the 3rd edition of their grading book was market grading, and still is market grading in every edition since then. The reason it is and is called market grading is because they added 6 additional grading criteria that the "market" - defined as basically the majority of everybody involved in numismatics, including the greatest names there are in numismatics - wanted them to use those 6 additional grading criteria as part of their grading system. Because none of those new grading criteria had ever been used, by anybody, to grade a coin ! And the market wanted coins to be graded based on the 6 new grading criteria, combined with/plus the original 3 grading criteria.

    If there is any debate about anything at all - it's whose about grading standards do you (meaning anyone) want to use ? Put another way, whose grading standards are better - those of the ANA, or those of the TPGs ?

    That's the only debate there is !
     
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  12. charley

    charley Well-Known Member

    Preach that condescending Grading Philosophical Religion, Brother!

    ...that your need to be condescending to members when you post is not only annoying, but rude, and rude to the extreme when you continuously do so?


    Now we are getting somewhere! It is you, not the other guy.

    Here we go, again. Explain technical grading, and the only 3 things that make up technical grading, and the changes in the 2nd and 3rd edition that are different from the 6th or 7th editions, that describe the 9 points of grading, that don't match with the 6 points in the 4th edition, and......what did this supposed technical grading leave out that has confused you and converted you into being a disciple that assumes philosophy is fact?

    Yes, I know....buy the books to understand the gobbledygobbledness.

    Sigh.


    Well, what is it?
     
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    GD or anybody else, have you seen this interview with John Albanese ? Fascinating, IMO.

    https://coinweek.com/a-cac-grading-service-coinweek-interview-with-john-albanese/

    Go down about 1/4 of the article....right below the pictures of the $10 Eagles...he is talking about 1985 and a bubble in some Type-2 gold coins (before my time)....and explains how if you DIDN'T accept market grading...you went out of business (if a dealer) or didn't buy/sell any of those coins if a collectors.

    Albanese is doing what GD says -- calling the coins AU-58's -- and the other savvy dealers/graders/early-TPG'ers are saying they go for unreal $$$ and you have to call them MS-63's.

    Any of you vets who lived through this have any thoughts ?
     
  14. KBBPLL

    KBBPLL Well-Known Member

    I skimmed it and that concept of grading to value is stupid. Sheldon's original concept is stupid. Just because someone in a current market is willing to pay 63 money for a 58 doesn't make the 58 magically into a 63. When the market goes back to normal but you've slapped 63 on a bunch of 58s you've lost your reputation as a grader.

    It's interesting that they're spending "millions" on master grading sets that will never change.
     
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  15. johnmilton

    johnmilton Well-Known Member

    The issue comes down to this. An AU-58 with great eye appeal is worth as much or more than a so-so technical Mint State piece with average or less eye appeal. When I was building my collection of early coins, I regularly paid MS-60+ money for AU-58 coins. That’s why “market grading” made AU-58s into MS-62s. Conversely, the entire grading standard for AU 50 to 58 pieces has been lowered.
     
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I guess it's because we think price and grade are linear....they aren't.

    But as long as 95% or 99% or 99.9% of collectors THINK and ACT that way, the market will bend in that direction.
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You think that's the case -- or maybe just with AU-58's ?

    I don't see too many overgraded or "pricey" AU-55's or AU-53's.
     
  18. imrich

    imrich Supporter! Supporter

    Last edited: Feb 24, 2025
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  19. johnmilton

    johnmilton Well-Known Member

    I have seen a lot of overgraded AU-50 coins over the past year or so.
     
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  20. imrich

    imrich Supporter! Supporter

    I'm not certain who/what establishes the current particular Numismatic "standards"!

    It's believed that an objective comparative differing evaluation of 2 similar graded coins could show one being of a greater grade than the other!

    I'm generally a buyer of the higher technical/market U.S. Gold TPG graded coin.

    I concur with your general observation, since Doug has informed us that the TPG standards haven't changed recently.

    I have past TPG graded coins that often differ in field/devices from those currently posted!
     
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  21. GDJMSP

    GDJMSP Numismatist Moderator

    I'm not sure why you're thinking that Rich, but I never said anything like that. In fact, I said the opposite. What I said was -

    With the underlined part of that quote being pertinent to your quote above.
     
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