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<p>[QUOTE="kaparthy, post: 67224, member: 57463"]The first case is grade inflation and it is a real problem. The brand new ANA grading guide has backed off on the standard definitions of grade in some cases (Full Horm for VF on a Buffalo Nickel, for instance). This is not a new phenomenon. </p><p><br /></p><p>There was a time when there were four grades and no "About Uncirculated" between Very Fine and Mint State -- and nothing higher than Mint State: Unc was Unc. But that was 100 years ago and in 1905 despite the writings of one numismatist, no one collected by Mint marks, just years.</p><p><br /></p><p>You can expect to see the grades between VF-20 and VF-39 get filled in with intermediate numbered examples being offered.</p><p><br /></p><p>Your second statement is a bit curious. Technically, you are correct dipping a coin is cleaning it. However, we do not recognize it that way. It is true that an over-dipped coin loses its luster. Still, Jeweluster or the equivalent is not considered harmful to a Mint State coin. I disagree, but I do not define the markets.</p><p><br /></p><p>As for dipping and other forms of "coin doctoring," I believe that in the near future, these alternations are going to be apparent via new technology and training. For instance, there was a time when collectors varnished their coins. Then, they cleaned them with a "harmless" pencil eraser. Then, they </p><p>"dipped" them in acid. Then "professional conservators" restored them. At every point, coins damaged with the old methods were discounted. </p><p><br /></p><p>The new technology and training will be laboratory grade instrumentation today made cheaper tomorrow. We accept binocular microscopes and gram scales as common tools, but they were professional scientific instruments in a previous generation. </p><p><br /></p><p>Never do anything to "improve" a coin. The more natural the surfaces, the more money the coin will fetch.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 67224, member: 57463"]The first case is grade inflation and it is a real problem. The brand new ANA grading guide has backed off on the standard definitions of grade in some cases (Full Horm for VF on a Buffalo Nickel, for instance). This is not a new phenomenon. There was a time when there were four grades and no "About Uncirculated" between Very Fine and Mint State -- and nothing higher than Mint State: Unc was Unc. But that was 100 years ago and in 1905 despite the writings of one numismatist, no one collected by Mint marks, just years. You can expect to see the grades between VF-20 and VF-39 get filled in with intermediate numbered examples being offered. Your second statement is a bit curious. Technically, you are correct dipping a coin is cleaning it. However, we do not recognize it that way. It is true that an over-dipped coin loses its luster. Still, Jeweluster or the equivalent is not considered harmful to a Mint State coin. I disagree, but I do not define the markets. As for dipping and other forms of "coin doctoring," I believe that in the near future, these alternations are going to be apparent via new technology and training. For instance, there was a time when collectors varnished their coins. Then, they cleaned them with a "harmless" pencil eraser. Then, they "dipped" them in acid. Then "professional conservators" restored them. At every point, coins damaged with the old methods were discounted. The new technology and training will be laboratory grade instrumentation today made cheaper tomorrow. We accept binocular microscopes and gram scales as common tools, but they were professional scientific instruments in a previous generation. Never do anything to "improve" a coin. The more natural the surfaces, the more money the coin will fetch.[/QUOTE]
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