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<p>[QUOTE="Springford CC, post: 3445204, member: 102620"]Very interesting discussion. I am Lehigh’s (Paul’s) brother. I’m relatively new to collecting coins, but have a six sigma black belt designation in my profession. I agree with the commentary about accuracy, precision, and repeatability of the measurement system.</p><p><br /></p><p>Just from reading this this thread it harkens the point of subjectivity in the measurement system. Clearly there are a number of avid collectors/dealers commenting here. The range of opinions was from MS64 to MS67 FBL. That in itself speaks to the subjectivity. For example let’s say there is only one surface mark, does the position of that mark matter? Does the size of the mark matter? If they do then there has to be subjectivity. It’s not the same as weighing 1,000 kilos which either is or is not 1,000 kolos. </p><p><br /></p><p>In some regards coin collecting especially toned coins is more like collecting art. In that regard, the beauty is in the eye of the beholder. Further, market price is based on many factors for all types of collectibles. The sample sizes referenced in this thread are too small to drawl a conclusive determination on an appropriate price range. My guess is the auction marketplace for coins in this grade and price range are pretty small and will vary substantially. </p><p><br /></p><p>As for overall market pricing, I’m sure everyone has seen Pawn Stars. From that show it is clear that most collectibles have seen price depreciation since the 2008 recession. Blaming grade inflation on price devaluation seems off, but I’ll admit I’m a novice in that regard. </p><p><br /></p><p>What I can say about this coin is compared to others in MS65 holders I have, the difference is clear. So unless all my MS 65s are 64s and so forth, then all that matters is there a clear difference in the quality of the coins between grades. So at this point, if TPGs have inflated their grades, the train has left the station and it’s not coming back. By today standards the coin is graded fairly. I’d say if you have a coin in an old holder that by today’s standards would grade higher, get it regraded. </p><p><br /></p><p>Much of this debate about the TPGs changing the rules is like complaining that baseball doesn’t use a dead ball anymore so modern era home run stats are bogus. As far as fraud and grade inflation go, the institutions of higher learning in the United States are far more guilty of selling an overrated overpriced POS wrapped in a sheepskin that our children will spend a lifetime trying to pay back. Now there is the real fraud. </p><p><br /></p><p>Regards, it was a fun read. I will finish with noting I’ve already received an offer to buy the coin at a significant profit.[/QUOTE]</p><p><br /></p>
[QUOTE="Springford CC, post: 3445204, member: 102620"]Very interesting discussion. I am Lehigh’s (Paul’s) brother. I’m relatively new to collecting coins, but have a six sigma black belt designation in my profession. I agree with the commentary about accuracy, precision, and repeatability of the measurement system. Just from reading this this thread it harkens the point of subjectivity in the measurement system. Clearly there are a number of avid collectors/dealers commenting here. The range of opinions was from MS64 to MS67 FBL. That in itself speaks to the subjectivity. For example let’s say there is only one surface mark, does the position of that mark matter? Does the size of the mark matter? If they do then there has to be subjectivity. It’s not the same as weighing 1,000 kilos which either is or is not 1,000 kolos. In some regards coin collecting especially toned coins is more like collecting art. In that regard, the beauty is in the eye of the beholder. Further, market price is based on many factors for all types of collectibles. The sample sizes referenced in this thread are too small to drawl a conclusive determination on an appropriate price range. My guess is the auction marketplace for coins in this grade and price range are pretty small and will vary substantially. As for overall market pricing, I’m sure everyone has seen Pawn Stars. From that show it is clear that most collectibles have seen price depreciation since the 2008 recession. Blaming grade inflation on price devaluation seems off, but I’ll admit I’m a novice in that regard. What I can say about this coin is compared to others in MS65 holders I have, the difference is clear. So unless all my MS 65s are 64s and so forth, then all that matters is there a clear difference in the quality of the coins between grades. So at this point, if TPGs have inflated their grades, the train has left the station and it’s not coming back. By today standards the coin is graded fairly. I’d say if you have a coin in an old holder that by today’s standards would grade higher, get it regraded. Much of this debate about the TPGs changing the rules is like complaining that baseball doesn’t use a dead ball anymore so modern era home run stats are bogus. As far as fraud and grade inflation go, the institutions of higher learning in the United States are far more guilty of selling an overrated overpriced POS wrapped in a sheepskin that our children will spend a lifetime trying to pay back. Now there is the real fraud. Regards, it was a fun read. I will finish with noting I’ve already received an offer to buy the coin at a significant profit.[/QUOTE]
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