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<p>[QUOTE="TypeCoin971793, post: 3438361, member: 78244"]The way I understand the published standards, the upper ends of the MS grades must have stellar eye appeal. That is, if it meets the technical requirements of these grade levels, then stellar eye appeal is expected. If it is not extant, the grade is lower. Stellar eye appeal does not necessarily translate to a higher grade, though it might translate to a higher value.</p><p><br /></p><p>The problem with market grading is that very few people understand it. You do, but the majority of the market does not. The half posted here is market graded as a 66+, meaning bumps were already factored in for eye appeal. Collectors would view this as a technical 66+ and tack on additional value as an eye appeal bump. The job of the TPGs is to judge the technical merits of the coin, and the market will naturally bump the value accordingly. But what we are seeing is the TPGs bumping the value through inflating the grade, and then the market bumping the value on top of that.</p><p><br /></p><p>A nearly-blast-white technical MS-66+ FBL 1950 half with superior luster sold for $1080. The OP coin, a market-graded toned MS-66+ FBL with inferior luster and technically inferior surface preservation sold for $1440. This is the issue I have with market grading.</p><p><br /></p><p>[ATTACH=full]912956[/ATTACH] [ATTACH=full]912957[/ATTACH] [ATTACH=full]912958[/ATTACH] [ATTACH=full]912959[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3438361, member: 78244"]The way I understand the published standards, the upper ends of the MS grades must have stellar eye appeal. That is, if it meets the technical requirements of these grade levels, then stellar eye appeal is expected. If it is not extant, the grade is lower. Stellar eye appeal does not necessarily translate to a higher grade, though it might translate to a higher value. The problem with market grading is that very few people understand it. You do, but the majority of the market does not. The half posted here is market graded as a 66+, meaning bumps were already factored in for eye appeal. Collectors would view this as a technical 66+ and tack on additional value as an eye appeal bump. The job of the TPGs is to judge the technical merits of the coin, and the market will naturally bump the value accordingly. But what we are seeing is the TPGs bumping the value through inflating the grade, and then the market bumping the value on top of that. A nearly-blast-white technical MS-66+ FBL 1950 half with superior luster sold for $1080. The OP coin, a market-graded toned MS-66+ FBL with inferior luster and technically inferior surface preservation sold for $1440. This is the issue I have with market grading. [ATTACH=full]912956[/ATTACH] [ATTACH=full]912957[/ATTACH] [ATTACH=full]912958[/ATTACH] [ATTACH=full]912959[/ATTACH][/QUOTE]
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