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Distinguishing Between "Condition" and "Grade."
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<p>[QUOTE="TypeCoin971793, post: 3297670, member: 78244"]How about this?</p><p><br /></p><p>Condition: a coin’s state of preservation.</p><p>Grade: A numerical or symbolic notation to easily communicate the coin’s condition.</p><p><br /></p><p><br /></p><p><br /></p><p>The only problem I see is that collectors don’t want to think for themselves and automatically assume that a 58 HAS to be worth less than higher grades. Graders at the TPGs knew better, and decided to think for these collectors and initiated market grading, creating a hot mess to which there was no standard.</p><p><br /></p><p>In the world of ancient and medieval coins, collectors have to learn how to spot fakes/tooling themselves, and they need to learn what is typical/premium for a type. There are no numbers used in the grade because it is pointless. No one cares if there is a touch of wear or if one coin has more contact mark than the other. A nice coin is recognized as a nice coin, and its value reflects this. A premium coin is recognized as such, and its value gets the appropriate premium because the collector themselves recognize it.</p><p><br /></p><p>When you commoditize something like US coins and bring in TPGs, then you take the thinking out of collecting, and you have few collectors who recognize that an AU-68 is more valuable than an MS-62.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3297670, member: 78244"]How about this? Condition: a coin’s state of preservation. Grade: A numerical or symbolic notation to easily communicate the coin’s condition. The only problem I see is that collectors don’t want to think for themselves and automatically assume that a 58 HAS to be worth less than higher grades. Graders at the TPGs knew better, and decided to think for these collectors and initiated market grading, creating a hot mess to which there was no standard. In the world of ancient and medieval coins, collectors have to learn how to spot fakes/tooling themselves, and they need to learn what is typical/premium for a type. There are no numbers used in the grade because it is pointless. No one cares if there is a touch of wear or if one coin has more contact mark than the other. A nice coin is recognized as a nice coin, and its value reflects this. A premium coin is recognized as such, and its value gets the appropriate premium because the collector themselves recognize it. When you commoditize something like US coins and bring in TPGs, then you take the thinking out of collecting, and you have few collectors who recognize that an AU-68 is more valuable than an MS-62.[/QUOTE]
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