Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Distinguishing Between "Condition" and "Grade."
>
Reply to Thread
Message:
<p>[QUOTE="Insider, post: 3292852, member: 24314"]jeffB, posted: "<b>But how often can you sell an AU58 coin for more than an MS60, even though its eye appeal is far better?"</b></p><p><br /></p><p>IMO, <span style="color: #ff0000">always</span>. My favorite story for students occurred while showing a book of coins to one of the top three dealers in the US and also one of the undisputed top graders in the country - he still is, several decades after this happened. </p><p><br /></p><p>He saw a "textbook" AU-58 1917 T-1 25c and asked "how much?" You don't want to by that one _______, it's an AU. "How much." There's rub down the leg indicated by the change of color (not frosty white). "How much." </p><p><br /></p><p>I made a profit but he marked the coin MS-65. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" /> It had full frosty white luster and no marks. A true technically graded <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie26" alt=":bookworm:" unselectable="on" unselectable="on" /> "gem" AU (58) by my <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie30" alt=":bucktooth:" unselectable="on" unselectable="on" /> strict collecting standards. <span style="color: #ff0000">This incident <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie10" alt=":oops:" unselectable="on" unselectable="on" /> is how I learned about "Market Grading."</span> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /></p><p><br /></p><p>I plan to read this thread and post more comments later.[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 3292852, member: 24314"]jeffB, posted: "[B]But how often can you sell an AU58 coin for more than an MS60, even though its eye appeal is far better?"[/B] IMO, [COLOR=#ff0000]always[/COLOR]. My favorite story for students occurred while showing a book of coins to one of the top three dealers in the US and also one of the undisputed top graders in the country - he still is, several decades after this happened. He saw a "textbook" AU-58 1917 T-1 25c and asked "how much?" You don't want to by that one _______, it's an AU. "How much." There's rub down the leg indicated by the change of color (not frosty white). "How much." I made a profit but he marked the coin MS-65. :jawdrop: It had full frosty white luster and no marks. A true technically graded :bookworm: "gem" AU (58) by my :bucktooth: strict collecting standards. [COLOR=#ff0000]This incident :oops: is how I learned about "Market Grading."[/COLOR] :banghead::banghead::banghead: I plan to read this thread and post more comments later.[/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
>
Distinguishing Between "Condition" and "Grade."
>
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...