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<p>[QUOTE="Insider, post: 2435844, member: 24314"][USER=78244]@TypeCoin971793[/USER] wrote: <span style="color: #00b359">(and I am basically in agreement)</span></p><p><br /></p><p>which I think is stupid because "<b>Mint State</b>" means <i><b>NO WEAR OR CIRCULATION</b></i>. <span style="color: #00b359">This is true. I agree with you. Unfortunately, it has taken on a much looser interpretation. Although we don't like it - that's the way it is. All we can do is vote w/our money. </span>Don't give me any of the "market grade" crap. <span style="color: #00b359">Market grading is not "crap." It is the way things are done now as "Market Makers" and TPGS's dictate the rules. </span>If it is worth a premium because of the eye appeal, then someone will pay for it if the buyer has any appreciable knowledge about coins. That's what the coin is "worth." You don't need a grade number, erroneous as it is in this case, to determine what a certain coin is worth. <span style="color: #00b359">That was the idea behind the "Technical Grading System. We'll grade the coin strictly and you value it.</span><span style="color: #00b300"> </span>The <i><b>SOLE JOB</b></i> of the TPGs is to authenticate and accurately grade the present condition of the coin, not to determine what it is worth. <span style="color: #00b359">True, according to you (see Technical grading above) however, ask 95% of collectors "Why do we need grading?" and they will tell you its to put a value on a coin. So, like it or not, the TPGS's <span style="color: #b30000">put values on our coins</span>. </span> It seems many people don't understand this. <span style="color: #00b359">(?) By your post, at least you don't. </span>It just creates misconceptions among collectors that don't know what they are doing.</p><p><br /></p><p>If you can't see the signs of circulation for some reason, I am more than happy to point that out. <span style="color: #00b359">Anyone here who does not see the wear on the coin needs to get new glasses and take a grading course. In a typical grading seminar, the students would learn what "cabinet friction" <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /> looks like, grade this coin as a technical AU-58, and then have it explained why a TPGS would grade it higher to indicate its value. IMO, a class would assign a commercial grade of MS-62 (coin with a loss of luster on the high spots yet one that has not seen much abuse) then they would add a point for eye appeal and reach MS-63. Class just "commercially" graded the coin. I've seen this done in many grading seminars.</span></p><p><br /></p><p>If you feel like overpaying for an overgraded and overpriced AU half dollar (which is quite nice), you can buy it here: <span style="color: #00b359">You and I would PASS. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </span>[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 2435844, member: 24314"][USER=78244]@TypeCoin971793[/USER] wrote: [COLOR=#00b359](and I am basically in agreement)[/COLOR] which I think is stupid because "[B]Mint State[/B]" means [I][B]NO WEAR OR CIRCULATION[/B][/I]. [COLOR=#00b359]This is true. I agree with you. Unfortunately, it has taken on a much looser interpretation. Although we don't like it - that's the way it is. All we can do is vote w/our money. [/COLOR]Don't give me any of the "market grade" crap. [COLOR=#00b359]Market grading is not "crap." It is the way things are done now as "Market Makers" and TPGS's dictate the rules. [/COLOR]If it is worth a premium because of the eye appeal, then someone will pay for it if the buyer has any appreciable knowledge about coins. That's what the coin is "worth." You don't need a grade number, erroneous as it is in this case, to determine what a certain coin is worth. [COLOR=#00b359]That was the idea behind the "Technical Grading System. We'll grade the coin strictly and you value it.[/COLOR][COLOR=#00b300] [/COLOR]The [I][B]SOLE JOB[/B][/I] of the TPGs is to authenticate and accurately grade the present condition of the coin, not to determine what it is worth. [COLOR=#00b359]True, according to you (see Technical grading above) however, ask 95% of collectors "Why do we need grading?" and they will tell you its to put a value on a coin. So, like it or not, the TPGS's [COLOR=#b30000]put values on our coins[/COLOR]. [/COLOR] It seems many people don't understand this. [COLOR=#00b359](?) By your post, at least you don't. [/COLOR]It just creates misconceptions among collectors that don't know what they are doing. If you can't see the signs of circulation for some reason, I am more than happy to point that out. [COLOR=#00b359]Anyone here who does not see the wear on the coin needs to get new glasses and take a grading course. In a typical grading seminar, the students would learn what "cabinet friction" :facepalm: looks like, grade this coin as a technical AU-58, and then have it explained why a TPGS would grade it higher to indicate its value. IMO, a class would assign a commercial grade of MS-62 (coin with a loss of luster on the high spots yet one that has not seen much abuse) then they would add a point for eye appeal and reach MS-63. Class just "commercially" graded the coin. I've seen this done in many grading seminars.[/COLOR] If you feel like overpaying for an overgraded and overpriced AU half dollar (which is quite nice), you can buy it here: [COLOR=#00b359]You and I would PASS. ;) [/COLOR][/QUOTE]
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