Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Define Market Grading
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 2016340, member: 112"]Mike, I don't have a most popular grade. I just call 'em as I see 'em based on ANA standards. </p><p><br /></p><p>As for the price issue, you're suggesting that if ANA standards were followed that we'd end up having to many coins in any one grade causing a wide variance in prices. Yes ? At least that what I take this to mean - </p><p><br /></p><p><br /></p><p><br /></p><p>Well, we (the coin market) don't follow ANA standards, and we do have much looser standards used by the TPGs, which you apparently think is the better idea. Yes ?</p><p><br /></p><p>So have you looked at realized prices, in any grade, the grade doesn't matter ? It can be 63, 64, 65, 66 - whatever. What you'll find if you look is that there is a very wide variance in realized prices for all the coins in that given grade. Even when they are graded by the same TPG.</p><p><br /></p><p>The point I am making is that even though coins are graded by the looser standards of today, the variance in prices still exists. So using looser standards doesn't change that aspect of it. It doesn't change it all. So what you are hoping to accomplish with your suggestion simply doesn't work. All you do is end up with a bunch of over-graded coins.</p><p><br /></p><p>Now the basic concept of your idea of using more grades in order to help nail down values better for a specific coin has some merit. And that is exactly what people were thinking about some years ago when the idea of a 100 point grading system was suggested. But the more they thought about it and the more they looked at past history, (because we have increased the number of grades several times over the years), the more they realized that it wouldn't change anything in that regard. It never did in the past, so why would it now ?</p><p><br /></p><p>Coins will never be like stocks or ounces of bullion or a pound of potatoes for that matter. They will never have a set price for a given coin in a given grade. That is because each and every coin is unique, no two of them are alike, even when they are graded exactly the same. Whereas every share of stock, every ounce of bullion, every pound of potatoes is the same as all the others. Every coin is going to have its unique qualities and its unique detractors. Because that is the nature of coins.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2016340, member: 112"]Mike, I don't have a most popular grade. I just call 'em as I see 'em based on ANA standards. As for the price issue, you're suggesting that if ANA standards were followed that we'd end up having to many coins in any one grade causing a wide variance in prices. Yes ? At least that what I take this to mean - Well, we (the coin market) don't follow ANA standards, and we do have much looser standards used by the TPGs, which you apparently think is the better idea. Yes ? So have you looked at realized prices, in any grade, the grade doesn't matter ? It can be 63, 64, 65, 66 - whatever. What you'll find if you look is that there is a very wide variance in realized prices for all the coins in that given grade. Even when they are graded by the same TPG. The point I am making is that even though coins are graded by the looser standards of today, the variance in prices still exists. So using looser standards doesn't change that aspect of it. It doesn't change it all. So what you are hoping to accomplish with your suggestion simply doesn't work. All you do is end up with a bunch of over-graded coins. Now the basic concept of your idea of using more grades in order to help nail down values better for a specific coin has some merit. And that is exactly what people were thinking about some years ago when the idea of a 100 point grading system was suggested. But the more they thought about it and the more they looked at past history, (because we have increased the number of grades several times over the years), the more they realized that it wouldn't change anything in that regard. It never did in the past, so why would it now ? Coins will never be like stocks or ounces of bullion or a pound of potatoes for that matter. They will never have a set price for a given coin in a given grade. That is because each and every coin is unique, no two of them are alike, even when they are graded exactly the same. Whereas every share of stock, every ounce of bullion, every pound of potatoes is the same as all the others. Every coin is going to have its unique qualities and its unique detractors. Because that is the nature of coins.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Define Market Grading
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...