Could I Get an AU58 on the Next Resubmission on This One, or Maybe an MS 67PL

I borrowed this post from another forum but how phenomenal!
http://forums.collectors.com/messageview.cfm?catid=26&threadid=572881

 

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That shows the fault of the TPG'ers.
There is no consistancy with grading.
Dave Bowers has had some interesting columns on the subject of late.

 

I hate slabbed coins...

 

Interesting thread, thanks for sharing.

The proportion of people who won't buy raw coins seems to be increasing, though, as we've discussed before. There are perhaps any number of conspiracy theories that could be suggested, or maybe some graders were just having a bad (or good?) day, or perhaps all this does is underscore how subjective grading could really be.

The most interesting data point to me was the coin that was graded MS64DMPL came back "bodybagged as cleaned" on another submission.

 

I have been following this thread as well. It's interesting to see how even PCGS can jump around with their grades. It goes to show everyone how important it is to learn to grade on your own.

 

It also even more proves the fact that grading is a matter of opinion. Different grader, different opinion. And it also show even one of the top TPGs aren't perfect. A neat experiment. Thanks for sharing!

Phoenix

 

grades

Besides showing different peoples perception of grade, it deffinetly shows that you can't believe population reports. If this guy is resubmitting this many coins, this many times, how many other people are doing it.
It's all kind of scary if you ask me.

 

If it started out a 66 and they tried for a 67 then maybe it was scratched a little more and dropped to 65, then scratched some more on the crackouts and in shipping/handling and dropped to 64.

I have a fingerprint on one coin I submitted the last time so the more you submit a coin I think the odds are it will eventually drop in grade due to handling if it is a high end coin.

 

Though the problem is, they aren't only dropping in grade but also raising in grade.

 

What I want to know is....how do we know that it was the SAME coin that was sent back in all of those times---all we see is the slab lable...

Speedy

 

you bet ya....

Speedy

 

Not that anyone would buy @ the PCGS price guide price, but...

1881-S MS64PL - $115
1881-S MS65 - $175
1881-S MS65PL - $285
1881-S MS66PL - $600

Same coin... $485 difference in price. This is why I am (as I'm sure many others are) very learly about buying anything above MS63, as the price increments are just too much to justify. As evidenced, the grading differences are pretty much meaningless.

It just baffles me as to why people buy modern MS70's over very inexpensive MS69's (compared to MS70's anyhow). Also (I've mentioned it before) before you buy from the mint, check ebay for MS69's as they often sell for less than the mint's price (example Gold Buffalo Proof I got for $765 shipped, mint price was $800).

 

fascinating subject ....and what a difference a subjective opinion makes...were this same coin a new orleans mint of the same date...what a huge price differential this would become, all over 2 grade points. another example of buy the coin not the slab..buy it at a price which you feel is fair, at the grade you feel it is...and try to err on the conservative side. thanks for posting here so more could see it.