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Grade and Value for 2 Morgans and a Peace Dollar
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<p>[QUOTE="BooksB4Coins, post: 1839221, member: 36230"]Perhaps, but accurate to when: today, tomorrow, ten years ago, or...? Standards have and do change.</p><p><br /></p><p><br /></p><p><br /></p><p>To an extent, yes... but if this were absolute, how can you explain the fact that some coins of the same assigned grade from the same TPG can sometimes sell at widely different prices, even without factors such as a variety or toning? It is just the bidders, or could this have something to do with the fact that not all coins of the same listed grade are equal?</p><p><br /></p><p>If the OP were to blindly buy a common white 18xx PCGS64 Morgan and assume that his coin is the automatic equal to every other white coin of the same date and grade, he would be making an unfortunate mistake. There are plenty of dogs residing in top TPG holders, and such coins often get passed around like a hot potato until someone willing to blindly accept whatever the label says bites. </p><p><br /></p><p>As another example, not too long ago a certain certified RD cent was for offered here and was described as being full red even though it had clearly changed and was no longer what the seller and label claimed. Considering that this coin carried a significant RD premium, if sold "as per TPG", the buyer would almost certainly have been forever buried.</p><p><br /></p><p><br /></p><p><br /></p><p>On this I agree, and to take it one step further have long felt that submitting can teach a great deal, but even this is no reason to blindly accept whatever number is written on a label. However, the fact is that not all coins, even those of the same presently accepted grade, are equal.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1839221, member: 36230"]Perhaps, but accurate to when: today, tomorrow, ten years ago, or...? Standards have and do change. To an extent, yes... but if this were absolute, how can you explain the fact that some coins of the same assigned grade from the same TPG can sometimes sell at widely different prices, even without factors such as a variety or toning? It is just the bidders, or could this have something to do with the fact that not all coins of the same listed grade are equal? If the OP were to blindly buy a common white 18xx PCGS64 Morgan and assume that his coin is the automatic equal to every other white coin of the same date and grade, he would be making an unfortunate mistake. There are plenty of dogs residing in top TPG holders, and such coins often get passed around like a hot potato until someone willing to blindly accept whatever the label says bites. As another example, not too long ago a certain certified RD cent was for offered here and was described as being full red even though it had clearly changed and was no longer what the seller and label claimed. Considering that this coin carried a significant RD premium, if sold "as per TPG", the buyer would almost certainly have been forever buried. On this I agree, and to take it one step further have long felt that submitting can teach a great deal, but even this is no reason to blindly accept whatever number is written on a label. However, the fact is that not all coins, even those of the same presently accepted grade, are equal.[/QUOTE]
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Grade and Value for 2 Morgans and a Peace Dollar
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