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<p>[QUOTE="mrbrklyn, post: 87100, member: 4381"]There is something inherently wrong in this. How can you ever know the value of what your buying? There should be nothing inherently difficult about grading a coin (authentication is a whole other ball of wax). If there is, then there is something inherently wrong with the hobby. </p><p><br /></p><p>the problem is definitions, not grading. Grading should be self evident and a 12 year old should be able to do it. the trouble is that there is/was no standard. There was/is just a market where nicer coins get more money in the coin baazar. Then so much money started to ride on the grades that a standardization was looked for. But is there really a stardardization? Can a computer grade a coin based on just plain facts? That is the question and the wiggle room. The problem is that a MS 65 and a MS 66 can have a 10 fold difference in asking price. IMO, there is not a 10 fold difference in grade betweent he coins so the 10 fold difference in the cost is very very suspect.</p><p><br /></p><p>When I collect Comic Books I have similar problems (but if gets even more complicated do to the fact that paper decomposes rapidly). A corner is nicked to the degree of a pin point, without exageration, and 20 thousand dollars is lost on the book. Its a good reason why I NEVER buy mint comic books. Who can afford to loose that much capital for an uncontrollable event when handling the book, even with extreme care?</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>
[QUOTE="mrbrklyn, post: 87100, member: 4381"]There is something inherently wrong in this. How can you ever know the value of what your buying? There should be nothing inherently difficult about grading a coin (authentication is a whole other ball of wax). If there is, then there is something inherently wrong with the hobby. the problem is definitions, not grading. Grading should be self evident and a 12 year old should be able to do it. the trouble is that there is/was no standard. There was/is just a market where nicer coins get more money in the coin baazar. Then so much money started to ride on the grades that a standardization was looked for. But is there really a stardardization? Can a computer grade a coin based on just plain facts? That is the question and the wiggle room. The problem is that a MS 65 and a MS 66 can have a 10 fold difference in asking price. IMO, there is not a 10 fold difference in grade betweent he coins so the 10 fold difference in the cost is very very suspect. When I collect Comic Books I have similar problems (but if gets even more complicated do to the fact that paper decomposes rapidly). A corner is nicked to the degree of a pin point, without exageration, and 20 thousand dollars is lost on the book. Its a good reason why I NEVER buy mint comic books. Who can afford to loose that much capital for an uncontrollable event when handling the book, even with extreme care? Ruben[/QUOTE]
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