Impulse Buy: Stupid move or not?

My point is that it would be LESS subjective and problematic than the present system. Today we see thread after thread of issues about grading. Enhancements, artificial toning, etc. A computer could do a spectronalaysis as it scans each coin, monitor it for defects or enhancements, weigh, measure and catalogue each specimen and include tracking into a data base. The counterfeiters would be up a creek as well as those high graders. The number of glitches would be far fewer than we see today and it would only improve over time. As buyers become more aware of the standardized grading, they would accept it more as the proper grading and make those coins have greater value. Much like graded by PCGS over private grader does today. IMHO

 

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Both systems, the human eye and the computer system work, but both have their flaws.
Chaos explains them both. Their can be tiny imperfections in the eye, the temperature and lighting of the room, the patience of the grader, the knowledge of the grader. Now you may think you can replace the human grader with a computer, which could be done, but computers aren't perfect either, computers crash, computers mess up, computers are unpredictable.
Computers need a power source, power sources can be destroyed.
If society turns into a world of computer technology, it will fail. Sure some technological advancements help us out, but the further away you get from less complicated way of life, the closer you get to an unpredictable society that is bound to fail.
The same for grading with a computer. You could give that computer all the knowledge in the world, and it is bound to mis-grade one coin, two coins, three coins, and so on. There are many different factors that can contribute.
I agree it may be a more efficient way of grading, but there are still holes for failure to seep through.

 

Granted, but even medical diagnoses are enhanced and done better by computer, and people's LIVES depend on that ! The advances are coming and maybe sooner than we think. The current fiasco over AT and laser polished coins is just another step toward mechanical standardization, I think. As more money becomes involved grading systems will continue to evolve. I believe foreign counterfeiting will help push us in that direction also, as a computer can detect things a human simply cannot. Human graders will use more and more technology as an assist until there will be very few graders all using the same technology to grade nearly all the coins.

 

This is a hobby enjoy what you buy-
buy what you enjoy

 

Pretty much. Then there are the investors & speculators.

 

I NEVER buy on impulse... except for Thursday night when I picked up some Ikes... and Commemorative Constitution Bicentennial Dollar. Of course this is unlike me except for the times I bought a nice middle date because they didn't have any early dates... or the time I went on a gold binge... or the time I picked up some proof sets... or the time I picked up a nice Indian or two...or the time ...