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Grading inflation - is it a recent phenomenon?
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<p>[QUOTE="ambr0zie, post: 8343563, member: 80952"]I do not have the skills to contest the grading provided by professional grading companies. And I do not buy them - mostly because I am a budget collector and buying a slabbed coin makes no sense.</p><p><br /></p><p>But I can tell you that many auction houses provide funny grades. </p><p>Some houses I know only use 3 grades: very fine (usually a F), nearly very fine (very low grade F), and fine (G-VG). </p><p>I agree with [USER=134416]@nerosmyfavorite68[/USER]'s grades. </p><p>But I can bet in many auctions, the XF example would be advertised as "virtually as struck", the VF would most likely be an XF and the Fine, of course, a VF. </p><p><br /></p><p>Now the question is, do we as collectors care about this (not the grade, I mean the description). The description is marketing, the houses and dealers want to sell their coins. With a high price. </p><p><br /></p><p>Personally I ignore the advertised grade. And I always double check the info provided by dealer/auction house as it happened too many times for the coin to have an incorrect description (wrong catalogue entry, wrong legend, even wrong ruler)</p><p>My list of priorities is</p><p>1. is the coin from a ruler/city/period I am interested in? </p><p>2. Does the coin have an interesting design? I am a general collector and even if I basically like every ancient coin I look at, I started to get a little bored of the designs with portrait (usually facing right) / someone seated and standing. </p><p>3. Is the coin appealing? (good details, nice toning...)</p><p>4. Is the coin in my price range? </p><p>If answer to all these is yes, and of course if I like the coin, I try to get it. </p><p>I don't care too much about the grade (real grade or advertised grade, if different - but this doesn't mean I buy slugs) and on a different subject, I don't care about "only x specimens known". Of course, if a coin in my area is very rare, I try to get it, but buying a coin that tells nothing to me just because RPC only has 2 examples is not going to happen. </p><p><br /></p><p>And this is just a personal preference, but often I prefer buying a "nearly VF" instead of a "good VF" (realistic grades). For me, in many cases the "nearly VF" is more attractive.... and it will be much cheaper.[/QUOTE]</p><p><br /></p>
[QUOTE="ambr0zie, post: 8343563, member: 80952"]I do not have the skills to contest the grading provided by professional grading companies. And I do not buy them - mostly because I am a budget collector and buying a slabbed coin makes no sense. But I can tell you that many auction houses provide funny grades. Some houses I know only use 3 grades: very fine (usually a F), nearly very fine (very low grade F), and fine (G-VG). I agree with [USER=134416]@nerosmyfavorite68[/USER]'s grades. But I can bet in many auctions, the XF example would be advertised as "virtually as struck", the VF would most likely be an XF and the Fine, of course, a VF. Now the question is, do we as collectors care about this (not the grade, I mean the description). The description is marketing, the houses and dealers want to sell their coins. With a high price. Personally I ignore the advertised grade. And I always double check the info provided by dealer/auction house as it happened too many times for the coin to have an incorrect description (wrong catalogue entry, wrong legend, even wrong ruler) My list of priorities is 1. is the coin from a ruler/city/period I am interested in? 2. Does the coin have an interesting design? I am a general collector and even if I basically like every ancient coin I look at, I started to get a little bored of the designs with portrait (usually facing right) / someone seated and standing. 3. Is the coin appealing? (good details, nice toning...) 4. Is the coin in my price range? If answer to all these is yes, and of course if I like the coin, I try to get it. I don't care too much about the grade (real grade or advertised grade, if different - but this doesn't mean I buy slugs) and on a different subject, I don't care about "only x specimens known". Of course, if a coin in my area is very rare, I try to get it, but buying a coin that tells nothing to me just because RPC only has 2 examples is not going to happen. And this is just a personal preference, but often I prefer buying a "nearly VF" instead of a "good VF" (realistic grades). For me, in many cases the "nearly VF" is more attractive.... and it will be much cheaper.[/QUOTE]
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Grading inflation - is it a recent phenomenon?
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