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<p>[QUOTE=&quot;Hobo, post: 669759, member: 11521&quot;]The answer to your question lies in the difference between Technical Grading and Market Grading. </p><p>&nbsp;</p><p>Technical grading grades a coin based on wear. Technical grading does not account for eye appeal. Under technical grading standards your coin with slight wear would grade AU. </p><p>&nbsp;</p><p>Market grading assigns a grade based on the market value of the coin. Let us assume your coin with slight wear has great luster and superior eye appeal. It should be worth more than a strictly uncirculated example that has terrible eye appeal (e.g., countless bag marks, little to no luster, very unattractive dark toning, etc.). </p><p>&nbsp;</p><p>If you said the coin cannot grade MS because it has slight circulation wear the highest grade you could give it is AU-58. On a 70-point grading scale 58 is less than 60, hence the super attractive AU-58 coin should be priced less than the butt ugly MS-60. But the market knows the super attractive (but slightly circulated) coin is worth more than the beat up (but uncirculated) coin. The market may value the slightly circulated coin on par with an MS-62 or MS-63 coin, so the person market grading the coin would grade it MS-62 or MS-63 based on its <u>value</u>, not its technical grade. </p><p>&nbsp;</p><p>I know. I know. It doesn&#039;t make sense at first. Being an engineer, I had a lot of trouble with that concept at first. I mean 2 + 2 = 4 and only 4. And if a coin is circulated it most certainly cannot be uncirculated, can it? But after taking several grading courses at ANA Summer Seminar I have come to understand and accept the concept of Market Grading. </p><p>&nbsp;</p><p>The truth is that the TPGs and most collectors use Market Grading. If you want to stick to strict Technical Grading you will be out of step with most of the collecting community and you will grade coins very differently from them.[/QUOTE]</p><p><br /></p>

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