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Grade Inflation or Why is midrange UNC gold all junk?
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<p>[QUOTE="Gallienus, post: 26707679, member: 42034"]While not an expert, I can only claim to have attempted to buy Classic Head gold. The 1838 is not a "C" i.e. a branch mint with striking problems, so there should be well-struck ones existing.</p><p><br /></p><p><img src="https://coinsandhistory.com/pix_shared/pix_cointalk/1838-AU58_strike.JPG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>Looking at HA for grades 58 & up, here's the 1st one I saw, an 1838 plain in NGC-58. Looks fully struck up to me?</p><p><br /></p><p>I was recently (Nov 2025) told when visiting a major auction firm that one of the grading companies fired a bunch of graders and replaced them with lower-cost junior people. At the January FUN show, I stopped by the CAC booth as I was unfamiliar with the fact that CAC was now it's own independent company. The CAC people were extremely unfriendly - I guess not used to dealing with people? Anyhow CAC is apparently now incharge of slabbing their own coinage. There are some collectors who are only looking for CAC coinage. Now I'm just an engineer/ scientitst, but it would seem to me that that might introduce a bias to "CAC" coins so as to make them saleable?</p><p><br /></p><p>Here is a comparison. 1838 Quarter Eagle, AU 55, CAC</p><p><img src="https://coinsandhistory.com/pix_shared/pix_cointalk/1838-CAC.JPG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>same, but non-CAC, nearly half-price.</p><p><img src="https://coinsandhistory.com/pix_shared/pix_cointalk/1838-non_CAC.JPG" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>Yes gold went up in 2 years, but not this much for 0.12095 of an oz.</p><p>I should mention that the weights may be off. Beginning in 1837 the gold was increased from .8992 to .9000 so Classics from '37 on should be heavier if the same size was used. Else they'd be smaller, but someone, owning both, should check & report back here.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 26707679, member: 42034"]While not an expert, I can only claim to have attempted to buy Classic Head gold. The 1838 is not a "C" i.e. a branch mint with striking problems, so there should be well-struck ones existing. [IMG]https://coinsandhistory.com/pix_shared/pix_cointalk/1838-AU58_strike.JPG[/IMG] Looking at HA for grades 58 & up, here's the 1st one I saw, an 1838 plain in NGC-58. Looks fully struck up to me? I was recently (Nov 2025) told when visiting a major auction firm that one of the grading companies fired a bunch of graders and replaced them with lower-cost junior people. At the January FUN show, I stopped by the CAC booth as I was unfamiliar with the fact that CAC was now it's own independent company. The CAC people were extremely unfriendly - I guess not used to dealing with people? Anyhow CAC is apparently now incharge of slabbing their own coinage. There are some collectors who are only looking for CAC coinage. Now I'm just an engineer/ scientitst, but it would seem to me that that might introduce a bias to "CAC" coins so as to make them saleable? Here is a comparison. 1838 Quarter Eagle, AU 55, CAC [IMG]https://coinsandhistory.com/pix_shared/pix_cointalk/1838-CAC.JPG[/IMG] same, but non-CAC, nearly half-price. [IMG]https://coinsandhistory.com/pix_shared/pix_cointalk/1838-non_CAC.JPG[/IMG] Yes gold went up in 2 years, but not this much for 0.12095 of an oz. I should mention that the weights may be off. Beginning in 1837 the gold was increased from .8992 to .9000 so Classics from '37 on should be heavier if the same size was used. Else they'd be smaller, but someone, owning both, should check & report back here.[/QUOTE]
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Grade Inflation or Why is midrange UNC gold all junk?
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