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<p>[QUOTE="RonSanderson, post: 24860892, member: 77413"]Still, even if I agree that some of the Lincolns may have reached terminal toning <i>since</i> their original grading, that still leaves a group of coins that are body-bagged for really marginal reasons.</p><p><br /></p><p>Nearly every Morgan, for example, has dings and scratches from mint handling. When you throw a bagful of heavy silver disks together, it’s bound to happen. It’s pretty unusual for a coin to survive that abuse unmarked. Let’s now grade every Morgan to the standard that a 1/4 inch ding results in a Details - Scratched grade. Now we have, say, 90% of all Morgans grade out at MS60 (Details), and the other 10% spread out among the remaining grades.</p><p><br /></p><p>I really despise the Details grade. It throws away all the other useful information about the coin. For example, if we removed the barely perceptible scratch from the Morgan in the video, would it still be a 60, or a 65, maybe 67? How is the eye appeal? Is it lustrous? Toned? Frankly, would I like it?</p><p><br /></p><p>All of that information is thrown away - all you get is “Details”. Then you are back to treating all these coins as ungraded, in that you have to grade it yourself to decide if it is worth having. As a collector, I would not buy a coin sight unseen anyway. For the market that treats graded coins as a commodity with a price, that can no longer be done if any tiny flaw grades as Details.[/QUOTE]</p><p><br /></p>
[QUOTE="RonSanderson, post: 24860892, member: 77413"]Still, even if I agree that some of the Lincolns may have reached terminal toning [I]since[/I] their original grading, that still leaves a group of coins that are body-bagged for really marginal reasons. Nearly every Morgan, for example, has dings and scratches from mint handling. When you throw a bagful of heavy silver disks together, it’s bound to happen. It’s pretty unusual for a coin to survive that abuse unmarked. Let’s now grade every Morgan to the standard that a 1/4 inch ding results in a Details - Scratched grade. Now we have, say, 90% of all Morgans grade out at MS60 (Details), and the other 10% spread out among the remaining grades. I really despise the Details grade. It throws away all the other useful information about the coin. For example, if we removed the barely perceptible scratch from the Morgan in the video, would it still be a 60, or a 65, maybe 67? How is the eye appeal? Is it lustrous? Toned? Frankly, would I like it? All of that information is thrown away - all you get is “Details”. Then you are back to treating all these coins as ungraded, in that you have to grade it yourself to decide if it is worth having. As a collector, I would not buy a coin sight unseen anyway. For the market that treats graded coins as a commodity with a price, that can no longer be done if any tiny flaw grades as Details.[/QUOTE]
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