Define Market Grading

This is why the old saying goes "buy the coin, not the holder." It amazes me how many so called collectors are basically "slab zombies" and never even try to objectively grade the coin while it is entombed in plastic. I also don't see many people looking for counterfiets or mis-authenticated coins. My point is it is your money and you should make yourself knowledgeable and develop your own "picky" grading talent before you blindly buy coins in an a la Bluesheet fashion.

 

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These may be rare instances, but they have happened in the past with some not so cheap coins. Where humans are involved, nothing is impossible when it comes to making a mistake. I would still look at the coin very objectively before buying so that the state of "slab zombieness" doesn't set in.

 

True, but why would you not want to look to see with your eyes and brain that it isn't in the first place. I'd rather not have to go through the hassle.

 

You wouldn't care to translate that, would you?

 

The short answer is yes, sometimes if you know what you are looking for. $20 Gold Saints are prime, I have seen literally dozens of them in all types of slabs over the years. This is strictly my observation for my purchases as I did not want to offend the coin dealers that had them.

 

YES...with NGC-who I like having the most. Again, this is my opinion and I don't have the coins to actually prove it, but I know what I saw.

 

Perhaps a slight case of exageration here.... Dozens means at LEAST 24 fake $20 St. Gaudens... I think you might be seeing things "Virginian". Perhaps you might benefit from a counterfeit detection course at the ANA... either that... or you should be teaching the course..:bigeyes::bigeyes:

 

Not all at once, one or two during a show at a time and the tell tale signs of fake dies, questionable surfaces with rounded letters and wrong fonts were a dead give away to me, but obviously not to the TPGs. I even had someone else check my opinion descretely. I am a horrible lecturer so that would be out and I am by no means an expert in the field.

 

Am I reading that right? " I am by no means an expert in the field" but you are finding dozens of fakes missed by the experts.:rolling: Really?

 

To bring this post back on topic, and re-rail a de-railed thread, here is a link to an excellent article by James Garcia talking about market vs. technical vs. EAC grading: http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=1671655#Post1671655

What are your opinions on something like EAC grading, Doug?

 

Wait... which are you saying? It's an honest system with no bumps, or it's market grading? Market grading takes market factors into account rather than judging a coin purely on its own merits.

Something else you will undoubtedly have to clear up for all of us too, Doug. ANA standards can be used across series. Market grading cannot. How do you reconcile that?

 

no no GD coins can be weekly monthly or yearly struck it makes no difference sigh.

what makes a difference is if its struck weakly.

if i take a break u start imagining things