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Grade Inflation or Why is midrange UNC gold all junk?
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<p>[QUOTE="johnmilton, post: 25303792, member: 101855"]I presume you are referring to the 1838 quarter eagle. This coin was graded MS-63. Look at the area above the eagle’s head. There are lots of scratch lines running in multiple directions. The coin is graded MS-63. That means you are limited to a few marks there, not a patch of marks in multiple directions. This did not make the PCGS standards let alone CAC, which is supposed to be higher. </p><p><br /></p><p>The dealer wanted more than the PCGS retail amount for this coin. Really? It was off a what list I gave him. He knew he was not working with “a country bumpkin.” He knew I knew how to grade, yet he hit me with this. It ended the relationship. </p><p><br /></p><p>Classic Head gold is hard to grade because many Classic Head gold coins have strike issues. The issue is, “Is it wear or is it the strike?” That is not always easy to determine, but in this case, there was no doubt. Look above the eagle.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 25303792, member: 101855"]I presume you are referring to the 1838 quarter eagle. This coin was graded MS-63. Look at the area above the eagle’s head. There are lots of scratch lines running in multiple directions. The coin is graded MS-63. That means you are limited to a few marks there, not a patch of marks in multiple directions. This did not make the PCGS standards let alone CAC, which is supposed to be higher. The dealer wanted more than the PCGS retail amount for this coin. Really? It was off a what list I gave him. He knew he was not working with “a country bumpkin.” He knew I knew how to grade, yet he hit me with this. It ended the relationship. Classic Head gold is hard to grade because many Classic Head gold coins have strike issues. The issue is, “Is it wear or is it the strike?” That is not always easy to determine, but in this case, there was no doubt. Look above the eagle.[/QUOTE]
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Grade Inflation or Why is midrange UNC gold all junk?
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