Why is there no AU59?

Its been tried before and they went out of business. The market has rejected such technical approaches time and again from multiple sources. There clearly is room for it to be part of the process as it is at least for PCGS, but we’re not going to see it running the process with final decision making abilities anytime soon.

IF it was going to take over part of the market it would probably be with things like silver proof quarters and ase

 

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You are right. But I think the system used then had many flaws and it wasn't marketed very well. I think that with the advances in hardware and software a much better system could be developed.

I think a Sheldon system isn't bad, but not perfect by any means. But in this age where buying online is becoming more and more common we need some sort of system for some level of protection for both the buyer and the seller. Even if there was some sort of computer/software grading system, it would still have a human element involved. However, I think the big advantage would be it would be much more consistent. Computers don't have good days and bad days. They don't worry about paying for their kids college or that it's Friday with an hour left before quitting and they still have 100 coins to grade before going home.

So with a computer, whatever their human master inputted as a baseline for a grade of coin would be consistent coin after coin after coin. And it's those inconsistencies we now have that drive everyone crazy when it comes to third party grading.

 

Think of applying proper cutting edge AI to grading as using the ULTIMATE grading set. You know - same coin, every grade. But this time, instead of consisting of ONE coin of every grade, the “grading set” becomes EVERY coin of every grade, at least every coin they can get their hands on. Yes, it would take awhile to tease out of long term storage enough already graded coins, and as such it would have a “recently submitted coins” bias, no doubt. But then again, is that such a horrible thing?

I mean, doesn’t “everybody” believe any coin graded in the 1980’s is basically graded wrong? And if not, WHY not?

 

It’s definitely not perfect, but it’s here to stay and gets the job done. Any replacement system would have a lot of the same flaws as that’s just the nature of grading.

We already have that or PCGS does at least. Computers, programs, and AI as tools for graders is absolutely happening and will continue to do so. The only question is whether or not the AI is going to completely replace the human or the human is going to be the AIs assistant instead of the AI being a tool for the human.

We’re not going to see the humans removed or taking a back seat to the AIs anytime soon. It shouldn’t move past the stage of being tools for the graders.

 

And it won't for a long time. It would take pretty long JUST to establish the data set, given how many coins are already in slabs that owners wouldn't want "messed with". PCGS' use of AI is primarily being used to recognize resubmissions at this time, and that's valuable in its own way.

 

What about neural nets? In this case humans would not put any inputs in but would judge the outcomes. It would take time, of course, for the humans to provide answers. But it should be possible to get the computer to grade a load of coins and have humans quickly go through the outputs and say agree or not. The computer could learn from it and I suspect would quickly become pretty adept.

 

Sakata has no clue I've already been discussing this because he has me on "ignore". Sakata lives in a world were it's okay to only listen to people he THINKS he agrees with. 'Tsokay tough, I have no particular desire to "entertain" precious metals "true believers".

 

His hat's too tight.

 

Hmm. I always chalked it up to a skull too thick.

"Not that there's anything wrong with that." - Jerry Seinfeld

My own hat size is 7-7/8, as my mother always noted in passing.

 

How many of the "70 grades are used"?
1,2,3,4,6,8,10,12,15,20,25,30,35,40,45,50,53,55,58,60,61,62,63,64,65,66,67,68,
69,70. So that's only 30. 40 grades aren't used. Are there any 18's etc.?
I remember seeing a couple of slabbed AU-59's in a thread on this site.

 

Not from the big two. And as far as I'm concerned personally, anything below 6 might as well not exist either. I'd rather not HAVE a coin, than have one below 6. If I need a picture alongside of my coin in order to see what it once looked like, I'll pass.

 

but that would be Kurt's preferences, not a grading system/scale

 

They are some key dates in G-04 holders.
1916-D Mercury, etc. that are worth being slabbed. Peace of mind to know that it is genuine and unaltered.

 

Yeah, I'll hold out for a G-6 minimum 1916-D Merc. Maybe VG-8 on a coin like a Merc. I will go G-6 for some truly hard to get early copper.

 

I'd rather have an AG or FR one and spend the money I saved on something that's actually rare

 

If the AI is learning how to grade from how they're grading right now people are going to have to relearn how to grade or just drop their grades 1 to 2 levels for their expectations. They're crazy tight at the moment

 

Counting the ones with soldered mintmarks, they're absolutely common.

 

To me, the difference between having a nicer one vs. a crappy one is FAAAAAR bigger than the difference between having a crappy one and an empty hole. That's just the way I roll, and I don't care what the devil "the market" says.

 

give credit where due, Kurt.

anything with a mintage of over 200,000 is NOT rare

 

On that coin in particular, I wonder how many were worn to the point of unrecognizability. There sure are a pile of almost unrecognizable ones. Hopefully, and assumedly so, few were lost in "big melts".