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Guess the Assigned Grade 1943-S Jefferson Nickel
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<p>[QUOTE="jtlee321, post: 2763648, member: 73983"]This can and is argued all the time. I absolutely agree that a coin like this one commands quite a bit more money than an everyday garden variety blast white one. I buy and sell nicely toned coins all the time and I pay and command a premium over the going rate for an untoned example. I wholeheartedly agree the eye appeal can help a coin command a price for one or two grade points above its assigned grade.</p><p><br /></p><p>With that said, my problem with factoring in eye appeal into the grade assigned by the TPG is that it creates a false base line to establish the coins technical merits.</p><p><br /></p><p>Here's an example. Take an 1880-S Morgan in MS-65 that was graded by PCGS and is housed in an old blue or green holder, before coins were given a grade bump for toning. Let's also assume the grade assigned was technically accurate. Now let's say that Morgan has neon rainbow toning on the obverse. That coin will probably command MS-66 to 66+ money, rightfully so.</p><p><br /></p><p>Now let's assume that that same coin is cracked out and resubmitted to PCGS. With market grading happening that coin is given a 66 because of the eye appeal. The technical grade remains the same. The new owner takes that coin that has been "compensated" for by being given the grade bump to 66 is now asking 67 money. Does this same coin that was originally graded technically correct but commanded a higher price because of its eye appeal, still deserve to command a point premium at the new compensated grade? In my opinion no, because it's now over graded, but it was given the bump due to its eye appeal. It should only command the 66 or 66+ money that it originally did, because the grade was bumped for the eye appeal already. We all know that it does not work that way and that's my problem with the TPG's grade bumping for eye appeal.[/QUOTE]</p><p><br /></p>
[QUOTE="jtlee321, post: 2763648, member: 73983"]This can and is argued all the time. I absolutely agree that a coin like this one commands quite a bit more money than an everyday garden variety blast white one. I buy and sell nicely toned coins all the time and I pay and command a premium over the going rate for an untoned example. I wholeheartedly agree the eye appeal can help a coin command a price for one or two grade points above its assigned grade. With that said, my problem with factoring in eye appeal into the grade assigned by the TPG is that it creates a false base line to establish the coins technical merits. Here's an example. Take an 1880-S Morgan in MS-65 that was graded by PCGS and is housed in an old blue or green holder, before coins were given a grade bump for toning. Let's also assume the grade assigned was technically accurate. Now let's say that Morgan has neon rainbow toning on the obverse. That coin will probably command MS-66 to 66+ money, rightfully so. Now let's assume that that same coin is cracked out and resubmitted to PCGS. With market grading happening that coin is given a 66 because of the eye appeal. The technical grade remains the same. The new owner takes that coin that has been "compensated" for by being given the grade bump to 66 is now asking 67 money. Does this same coin that was originally graded technically correct but commanded a higher price because of its eye appeal, still deserve to command a point premium at the new compensated grade? In my opinion no, because it's now over graded, but it was given the bump due to its eye appeal. It should only command the 66 or 66+ money that it originally did, because the grade was bumped for the eye appeal already. We all know that it does not work that way and that's my problem with the TPG's grade bumping for eye appeal.[/QUOTE]
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Guess the Assigned Grade 1943-S Jefferson Nickel
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