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<p>[QUOTE="bhp3rd, post: 525389, member: 16510"]<b>I'll try with an example,</b></p><p><br /></p><p>I'll try with an example,</p><p>Lets say there was 20,000 1955 doublED dies Lincoln's (there actually was maybe more) that were released.</p><p>They <b>all were circulated</b> to some degree or another but there were many AU-50 and some AU-55 coins found and graded over the years.</p><p>All the grading companies certified thousands each of them eventually from poor to AU-55. All the AU-55 coins were not nice looking by a long shot.</p><p>Then along come a little old man that got his little ole hands an a little ole partial roll of them say 30 pc's.</p><p>They were the best that have ever been seen all fabulous strong strikes beautiful color, no carbon and so on.</p><p>They were so good that they called the top dogs of their company to come look at them. Yes, there was no doubt that they had the ever so slightest bit of rub or circulation and technically they were AU-55 coins. Yet they were so much better than all the others had ever seen. Plus this is before those stupid CAC stickers or whatever they call them.</p><p>So what were they to do? They could call them AU-58 I suppose but they were even so much better than that according to all the others seen of this type in AU. That plus the money that these coins were worth was many times more everyone agreed that even the best AU-55 ever seen before. Even though I have never seen a AU-59 that's what they gave them. In other words <b>that was their only available tool to distinguish</b> these coins from all the others when in reality they were AU-55 coins. Those coins went on to become the highest value 1955 doubled dies in extant.</p><p>Now this is fiction but in it many truths are found. We are talking about coins, pieces of US history made of copper, silver gold and so on. Coin that have been saved, spent, buried, lost, found, well you get the picture.</p><p>The coin series, varieties, types, contents must first stand alone to be graded then graded by someone using using this vast confusion array of technics we call modern coin grading. I hope you are beginning to see holes wide enough to drive trucks through by now. Weather are not the these subtle nuances are .5% or 25% is always going to be left open to interpretation and that's a human trait, one subject to different and often conflicting interpretation's.</p><p>And no, for these reasons and others not yet mentioned you cannot grade modern presidential dollars against Morgan dollars. They are 2 different coin series and the technology has advanced so much the comparison ends there. They are not even the same metals so how in the world would it be fair to apply one and only one form of strict grading criteria to the vastly different coin series?? You cannot.</p><p>There are so many flaws and difference's in coins that the only way you could ever grade all coins the exact same way would be to have a data base where you could see all the coins in all grades at once and then grade your series accordingly. But what about that little ole man that puts his stuff on the market you don't know about yet?? What you gonna do about that? What are you going to do about coins in mint state that have early die states? What are you going to do about that?</p><p>You see it goes on and on - with this many differences it will never be science.[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 525389, member: 16510"][b]I'll try with an example,[/b] I'll try with an example, Lets say there was 20,000 1955 doublED dies Lincoln's (there actually was maybe more) that were released. They [B]all were circulated[/B] to some degree or another but there were many AU-50 and some AU-55 coins found and graded over the years. All the grading companies certified thousands each of them eventually from poor to AU-55. All the AU-55 coins were not nice looking by a long shot. Then along come a little old man that got his little ole hands an a little ole partial roll of them say 30 pc's. They were the best that have ever been seen all fabulous strong strikes beautiful color, no carbon and so on. They were so good that they called the top dogs of their company to come look at them. Yes, there was no doubt that they had the ever so slightest bit of rub or circulation and technically they were AU-55 coins. Yet they were so much better than all the others had ever seen. Plus this is before those stupid CAC stickers or whatever they call them. So what were they to do? They could call them AU-58 I suppose but they were even so much better than that according to all the others seen of this type in AU. That plus the money that these coins were worth was many times more everyone agreed that even the best AU-55 ever seen before. Even though I have never seen a AU-59 that's what they gave them. In other words [B]that was their only available tool to distinguish[/B] these coins from all the others when in reality they were AU-55 coins. Those coins went on to become the highest value 1955 doubled dies in extant. Now this is fiction but in it many truths are found. We are talking about coins, pieces of US history made of copper, silver gold and so on. Coin that have been saved, spent, buried, lost, found, well you get the picture. The coin series, varieties, types, contents must first stand alone to be graded then graded by someone using using this vast confusion array of technics we call modern coin grading. I hope you are beginning to see holes wide enough to drive trucks through by now. Weather are not the these subtle nuances are .5% or 25% is always going to be left open to interpretation and that's a human trait, one subject to different and often conflicting interpretation's. And no, for these reasons and others not yet mentioned you cannot grade modern presidential dollars against Morgan dollars. They are 2 different coin series and the technology has advanced so much the comparison ends there. They are not even the same metals so how in the world would it be fair to apply one and only one form of strict grading criteria to the vastly different coin series?? You cannot. There are so many flaws and difference's in coins that the only way you could ever grade all coins the exact same way would be to have a data base where you could see all the coins in all grades at once and then grade your series accordingly. But what about that little ole man that puts his stuff on the market you don't know about yet?? What you gonna do about that? What are you going to do about coins in mint state that have early die states? What are you going to do about that? You see it goes on and on - with this many differences it will never be science.[/QUOTE]
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