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<p>[QUOTE=&quot;Lehigh96, post: 3438301, member: 15309&quot;]So what you are saying is that toning &amp; eye appeal should not be a factor in the grading process because it is too ambiguous.&nbsp; Obviously, I disagree.&nbsp; Collecting toned coins is the deep end of the numismatic pool.&nbsp; Determining the appropriate premium to pay requires experience and an in depth understanding of the current market.&nbsp; If someone is playing around in that market without the requisite skills to avoid being fleeced, then I say, caveat emptor!</p><p><br /></p><p>The TPGs have been grading coins this way for decades and the market for their coins seems pretty stable to me.&nbsp; And given your username, I assumed you collected toned coins.&nbsp; I must say though, you are the first toned coin collector I’ve ever encountered who supported a technical grading system.</p><p><br /></p><p>With regards to my differentiation of market and value grading, it is based on the perceived application of grading by the TPGs. The typical application, which I refer to as market grading, simply refers to the normal process of grading that incorporates surface preservation, luster, strike, and eye appeal.&nbsp; Now inherently, a coin with superlative luster and eye appeal will get a higher grade, and subsequently, a higher value.&nbsp; So in the strictest sense of the definition, it is value grading.&nbsp; But when I refer to value grading, I’m talking about the “ranking” of coins relative to other graded examples because they think the coin is more/less valuable than what they are comparing it to.&nbsp; Typically this is done with extreme rarities like 1913 Liberty Nickels, 1804 Silver Dollars etc. but occasionally they do it with more common coins.&nbsp; The freshest example that we can all recognize, is the $100K 1958-D Franklin Half. I hope this helps clear up my use of the two terms.[/QUOTE]</p><p><br /></p>

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