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<p>[QUOTE="RittenhouseCU, post: 3306177, member: 100546"]Impaired luster does not make a coin circ. The luster needs to be completely worn off to the base metal. However, coins like that are in UNC slabs.</p><p><br /></p><p>And, that's because the TPG's are not grading coins, they are "worthing" them. Thus, a "grade" of MS65 does not mean the coin is in that state of preservation, but rather that the TPG graders feel it is worth 65 money. They are appraising coins , not grading them. That's what "market grading" is.</p><p><br /></p><p>BTW, that appraisal can go up and down depending on market conditions. I think most of the stuff graded in the ridiculous market of 2000 - 2008 is overvalued by at least a full point and in many cases two or more.</p><p><br /></p><p>I am constantly amazed at how many collectors do not understand this.[/QUOTE]</p><p><br /></p>
[QUOTE="RittenhouseCU, post: 3306177, member: 100546"]Impaired luster does not make a coin circ. The luster needs to be completely worn off to the base metal. However, coins like that are in UNC slabs. And, that's because the TPG's are not grading coins, they are "worthing" them. Thus, a "grade" of MS65 does not mean the coin is in that state of preservation, but rather that the TPG graders feel it is worth 65 money. They are appraising coins , not grading them. That's what "market grading" is. BTW, that appraisal can go up and down depending on market conditions. I think most of the stuff graded in the ridiculous market of 2000 - 2008 is overvalued by at least a full point and in many cases two or more. I am constantly amazed at how many collectors do not understand this.[/QUOTE]
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