What is the most commonly OVERGRADED coin?

Discussion in 'Coin Chat' started by Insider, Mar 22, 2022.

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  1. GDJMSP

    GDJMSP Numismatist Moderator

    What is the most commonly OVERGRADED coin?

    My answer - in today's world, just about all of them !
     
    GDJMSP, Mar 25, 2022
    #21 + Quote Reply
    Kentucky, mrweaseluv, Dave Waterstraat and 5 others like this.
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  3. Rheingold

    Rheingold Well-Known Member

    For me it‘s the 10 Dollar Indian Head Type 1 (1907-1908)
    Most of them in AU and low MS slabs are more of the high vf or xf condition.
     
    Rheingold, Mar 25, 2022
    #22 + Quote Reply
  4. baseball21

    baseball21 Well-Known Member

    None. If its "so common" thats how theyre graded
     
    baseball21, Mar 25, 2022
    #23 + Quote Reply
  5. medoraman

    medoraman Supporter! Supporter

    Nice logic. A perfect way for TPGs to not be responsible or liable for anything. If they say its an XF45, by definition it is and therefore they cannot make a mistake. Heaven forbid they actually have to grade by a standard created by the ANA right? Better to say they use their own grading standards so they can adjust grades as they like to maximize revenue and minimize costs.

    Sounds like a good lawyer and CPA came up with this business plan... TPGs win, collectors lose. Oh well.
     
    medoraman, Mar 25, 2022
    #24 + Quote Reply
    AdamL likes this.
  6. baseball21

    baseball21 Well-Known Member

    What standards would those be? The ones they report in the book about standards they didnt make or control and say so?
     
    baseball21, Mar 25, 2022
    #25 + Quote Reply
  7. MIGuy

    MIGuy Well-Known Member

    Boo! That's not in line with our guesses, boooo! ;) Why are those commonly overgraded? Is there some reason for it that you know of? Rarity?
     
    MIGuy, Mar 25, 2022
    #26 + Quote Reply
  8. Kentucky

    Kentucky Supporter! Supporter

    I'm guessing it's cause they're so freakin tiny they are a pain to strike
     
    Kentucky, Mar 25, 2022
    #27 + Quote Reply
    MIGuy likes this.
  9. GDJMSP

    GDJMSP Numismatist Moderator

    Fish on ! LOL ! :D Sorry, teasing you at your expense.

    I'm pretty sure he wasn't really answering his own question - what's the most commonly over-graded - he was making a statement, specifically designed to to elicit a response, kinda like yours.

    That said, he's right, 3 cent silver and $3 gold are commonly over-graded. But since there are so few of them to begin with, and even fewer that have been graded, would that answer really qualify for being an answer to the original question ?

    Well, it could be argued that it does because the statement is indeed accurate. But it could also be argued that it doesn't qualify because of the numbers of graded coins being considered. $3 gold numbers in the fairly low tens of thousands total graded, 3 cent silver almost certainly less than 20,000 total graded. But Morgans and Lincoln cents - they each number in the millions total graded. And many, many other coins also grossly outnumber the total graded coins. My point of course that's it not really a fair comparison for that reason. But like I said, it could be argued that it is.

    Bottom line, I'm pretty sure Mike did exactly what he was trying to do. But that's Mike :D
     
    GDJMSP, Mar 26, 2022
    #28 + Quote Reply
    MIGuy likes this.
  10. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Definitely not anything I send in!
     
    Sunflower_Coins, Mar 26, 2022
    #29 + Quote Reply
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