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Grade Inflation or Why is midrange UNC gold all junk?
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<p>[QUOTE="johnmilton, post: 25302713, member: 101855"]Grade-flation is annoying to me because it has depressed a lot of prices. To get the money out of your coins at auction, it seems like you have to have them regraded. </p><p><br /></p><p>One example is the Type I gold dollar. When I was continuing to build my type set, an MS-65 graded common (1853, the most common of all) date Type I gold dollar sold for $4,500 to $5,000. I thought that was too much money. I bought this one at an inflated price, under $2,000, which was in an MS-64 holder. A dealer had set it aside to crack out for a possible upgrade. That's why I paid "too much." </p><p><br /></p><p>[ATTACH=full]1616332[/ATTACH] </p><p><br /></p><p><br /></p><p>Today the Grey Sheet bids for MS-64 and 65 are $1,450 and $2,150 respectively. Has the bottom fallen out of the market? No. It's because the current MS-64 and 65 coins are not what they used to be. You are not getting as much a coin for the given grade, so people are paying less for them. </p><p><br /></p><p>The lower grading standards have also increased the supply in the MS-65 grade. Therefore the prices are less.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25302713, member: 101855"]Grade-flation is annoying to me because it has depressed a lot of prices. To get the money out of your coins at auction, it seems like you have to have them regraded. One example is the Type I gold dollar. When I was continuing to build my type set, an MS-65 graded common (1853, the most common of all) date Type I gold dollar sold for $4,500 to $5,000. I thought that was too much money. I bought this one at an inflated price, under $2,000, which was in an MS-64 holder. A dealer had set it aside to crack out for a possible upgrade. That's why I paid "too much." [ATTACH=full]1616332[/ATTACH] Today the Grey Sheet bids for MS-64 and 65 are $1,450 and $2,150 respectively. Has the bottom fallen out of the market? No. It's because the current MS-64 and 65 coins are not what they used to be. You are not getting as much a coin for the given grade, so people are paying less for them. The lower grading standards have also increased the supply in the MS-65 grade. Therefore the prices are less.[/QUOTE]
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Grade Inflation or Why is midrange UNC gold all junk?
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