If someone will help me, i am trying to understand a grading concept. The way i understand grading, it is based on the bag marks, and general wear of the coin. Not how well it was struck. dents, or other coin damage does not directly affect the coins grade, it will affect its value. But i am specifically talking about the 70 point grading system. Does the strike affect grade?
Theoretically, the grade should not take into account the quality of the strike. Some issues come well struck, some issues poorly struck, and this has nothing to do with how much or little wear or any other problem a coin aquired while circulating. Unfortunately, poor strike is often mistaken for wear and is subsequently graded lower than it should be. By the way, problems like dents DO affect the grade, and therefore the value. Grade is not solely based on wear, but a number of factors including (but not limited to) overall eye-appeal, luster, wear, details, and takes into account any flaws (corrosion, holes, dents, scratches, cleanings, etc.) the coin may have. After saying all that: logically, a very poorly struck coin will have fewer details visible than a well struck coin, so the strike does affect the grade (this really only applies to MS-65 and above.) There are exceptions to this rule, such as New Orleans Morgan $'s, typically a very weak strike. Edit: found the link I was looking for, notice the strike comments: http://www.coin-gallery.com/cggradingart.htm
I e-mailed pcgs about dents, and they said that the grade does not include dents. because i have an 1835 half dime with "rim damage" marked with a grade of ms60 and they said the damage did not alter the grade they gave it. any dents or holes are considered damaged coins. They don't grade the damage. Just wear state it.
Did PCGS slab the coin or body bag it???...if they body bagged it then it won't alter the grade they gave it---if they slabbed it then this is something new as they don't slab or grade problem coins. Speedy
I strongly disagree. So does the author of the link you posted. MS63 - The strike will range from slightly below average to full. MS64 - The strike will range from average to full. MS65 - The coin will be well struck. MS66 - The coin will be well struck. MS67 - The strike will be very sharp, and almost always full. MS68 - The strike will be exceptionally sharp. Now, if strike did not matter in regard to grade he wouldn't list the differences required for the various grades. All other grading guides do as well.
You're misunderstanding something, or else PCGS misunderstood your question. Yes, dents or rim dings do matter when it comes to grade. They do not matter as much in the lower MS grades as they do in the higher MS grades, but they absolutely matter. For example, a coin with no sign of wear but lots of hairlines, bag marks and a few rim dings can be graded as MS60 to MS62 depending on the severity of the marks. But if a coin has no bag marks, no hairlines, no rim dings has nearly full strike and excellent luster - it will probably be graded as MS67 and maybe MS68. But take that very same coin and put one small rim ding on it, or one small dent on the surface, and I guarantee you it won't grade higher than MS65. So yes, dents and rim dings do matter when it comes to grade.
I have to disagree with your disagreement. In Photograde, James Ruddy writes, "The quality of striking of a coin- whether it is sharply defined, weakly defined, or somewhere between- does not affect the grade." (In the 19th edition, page 34, first sentence.)
Well, that's all well and good. And it works quite well for Photograde, but you also have to consider that Mr. Ruddy's comments only apply to coins grading MS60 or lower. And for circulated coins I do agree, the quality of the strike is not important.
I whish i still had the e-mail they sent me about this. Because the way i read it, to me it was quite clear on the subject. And i am sorry i got the grading company wrong it was anacs. I am really interested to see what the ANA is going to come up with regarding grading standards.
I have never understood this concept. How can a piece that is not fully struck, eg, a Standing Liberty Quarter be a Gem Unc (say MS-66) if it has absolutely no head? At the same time, another piece can also be MS-66, FH, with the insertion of the FH designation I can accept the grade, but a flat strike should effect the grade.
Now that we know it is ANACS makes a world of difference.....most of the grading companies would have body baged the coin....what you have is a details grade---rim bumbs WON'T affect that grade but when you really get into it that isn't the grade of the coin at all---the right grade would be what is called a NET grade----lets say a coin would grade VF but has been cleaned---so the market would only pay F price...therefore the grade is F...is more of a market/net problem grade. Speedy
Strike definitely affects the grade. If you want a real easy example of this to find and look at, look at 1940's s mint walking liberty halfs. Many of these are absolutely as pristine as ms-66 examples, but they are limited to a lower grade due to strike.
From what I have seen of NGC's exonumia grading, strike does not seem to affect the grade much if any at all. I have seen cwts with such weak strikes that about 75% of the design essentially blends right in with the fields - those areas have no detail whatsoever, not even an outline of the shape - yet I have seen them with NGC MS 65 and 66 grades.
Speedy: Under the new system, established 1/1/06, they (ANACS) no longer net grade. You simply get one of the old style holders, with a new insert that says "XF Details, cleaned" or what ever the problem is with the coin. I liked the old net grading better, it was supposed to give you a market value for the coin.
But evaluating market value is not the job of the grading company. That is left for the market. Ruben
True---at the time they said that if you asked when you sent in coins they would NET grade them still---but some people did ask and nothing happened.... Speedy
