CAC Sticker Replacement Policy?

Sounds fun and profitable to me. But hey, I'm a capitolist

And grading is subjective period. The tpgs are the gatekeeper of that subjectivity and what they say goes in the marketplace. It's that simple Type. And who's to say the upgrade isn't deserved.

 

Log in or Sign up to hide this ad.

It's that factor of chance that gets me. As a student of science, I am peeved by a lack of set rules, or variability in those rules, in the coin market place. But that is me, and I make my own rules with my own collecting. There will never be 100% non-subjectivity when it comes to grading, so I will have to deal with it. But that doesn't make it any less annoying.

 

If I threw away my grading standards and liked to gamble, I might participate as well. I don't want my collection, or the value of it, to be completely determined by some other human's OPINION.

 

You being someone as a student of science I can certainly understand how that can be frustrating. I think the one thing that we all sometimes forget is that unlike the sciences there is no right answer when it comes to grading. The best we can really hope for is a consensus opinion and just like anything where majority rules not everyone will agree with it.

 

My only real peeve is the focus on the number instead of the coins. I can live with the difference of opinion in grading, but I am frustrated by how many collectors seem to think that the value of a coin is completely determined by the opinion of a panel of a single grading company.

 

I agree completely.

 

That is one way to look at it and some people will blindly try for upgrades not really having a good grasp on the situation.

However I would argue that the coin is what is driving the focus on the number especially on the high end coins that get the most focus. There is obviously something about the coin (in most cases) that lead someone to believe it should grade higher, it may even lead several different people too. Now if someone is just buying those coins and blindly trying that is certainly foolish, but where people feel that it could upgrade I would say the coin is driving the process.

 

CAC is aimed at high value coins anyway, the $2000 plus ones more than the $500 and under.

Greed and dishonesty do the most damage to the hobby; dealers and collectors who have an end justifies the means mentality in a race to the bottom.

 

With both scientific and engineering training, what I'd really like to see is the error values or confidence intervals...

Think how you would value two coins:

MS65 +/- 1
vs
MS65 +/- 2

Standard usage says the grade of the first coin would be between 64 and 66 95% of the time. The second coin would be between 63 and 67 95% of the time.

Do you feel lucky?

 

I think this is the key. Opinion followed in most cases by years, and years, and years of market experience and grading experience rendered by several of these professionals. Oh, and ruling out an occasional blatant error, very often our personal standards do not match their's.

 

Oh, and ruling out an occasional blatant error, very often our personal standards do not match their's.

Yes, but when it comes to MY coins my personal standards are what are important--not someone else's--regardless of experience.

 

I AGREE! The ONLY person who is concerned in the least bit about YOUR grading standards is you - that's the way it should be. My grading often does match TPGS's either. Again, who cares.

However, the closer your/my personal standards are to the norm (whatever that may be - how about all the TPGS professionals and the small number (IMO) of informed graders on CT) the better for us in the long run. Agree?

 

No, the closer everyone else's standards come to mine, the better.

 

I vote best Answer! No one's grading is close to mine, I'm still in the 70's.

 

So you think tpgs are always right on the first go around? If this is what you think this is dishonesty you should never buy a graded coin. You never know how many times it has been graded. I find it easy to just skip graded coins that I think are over graded - not saying they are, but why should I pay 64 money for what I think is 63(or less coin). Once dealers start getting stuck with these coins because collectors are not buying then maybe the tpg's will tighten the standards. I am by far not a perfect grader and do not pretend to know as much as the tpg's, but I do know what I like. And buy the way I do look for coins that I think are under-graded - the right coin I would crack in a heartbeat and send to a tpg. I did it before and would do it again. I don't consider it dishonest - if you know your stuff you can find them. The tpg's are not perfect and neither is CAC - both make mistakes.

I wish I was going to the ANA worlds fair of money - I think this would be interesting. If someone attends Ricks presentation they should post a write up of what they think. It is mentions in his email a way to prevent grade-inflation which some moderator(now who could that be) has been saying for sometime now.

"A new grading system!"
ANA World Fair of Money presentation
By Rick Snow, August 11, 2016 9:00 AM

 

Well, you were talking about BEFORE slabs, which means a collector/dealer would, for example, buy a coin labeled as EF and sell it as an AU and mark up the price accordingly. That would be dishonest, right? Maybe it depends on a case-by-case basis, such as buying truly undergraded coins. However, I have seen some dealers at shows that buy at an accurate grade and then sell it at an inflated grade, usually with raw coins. If this is not dishonest, please tell me what it.

As far as TPG gradeflation is concerned, TPGs should not grade, only authenticate, anything prior to 1850 because almost nothing above EF/AU is accurately graded according to the ANA grading standards.