Has Grading Gone to Far?

Discussion in 'US Coins Forum' started by Long Beard, May 10, 2020.

  1. wxcoin

    wxcoin Getting no respect for 64 years

    But the bulk submitters sell their coins so all of their labels become part of the collector community. I'm not criticizing them. They are in this game as a business and part of the game is the coin and the other the labels. As a whole, the bulk submitter special labels and the standard labels for the little guy make up all of the labels. What would be interesting to me is the numbers of new labels by year. It seems to me that there was a significant jump a few years back. Has the numbers of new labels each year leveled off, gone up, or gone down?
    GoldFinger1969 likes this.
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  3. baseball21

    baseball21 Well-Known Member

    A number are just one offs which I make a distinction between them and an actual new label such as a redesign like NGC moving the font left or PCGS changing from the solid blue.

    That said if we are counting the bulk labels (with the possible exception of this year given lack of new products and everything else so far) the number of different ones is increasing. The big submitters are putting a special design (many are very nice) on really everything they submit at this point so the number is more just determined by how many submitable products are coming out each year
    GoldFinger1969 and wxcoin like this.
  4. TypeCoin971793

    TypeCoin971793 Just a random nobody who doesn’t know anything...

    Aaaaaannnd silence. Just as I expected
  5. Conder101

    Conder101 Numismatist

    Sheldon applied a pricing system to a grading system that already existed.

    This is pretty much true

    Book came out in 2003. There haven't been too many changes to the regular production slabs since then maybe 6 for PCGS a few less for NGC. As for all the other special labels there have probably been 20 to 30. I don't track all of those I just group them all under the heading "Novelty Labels".

    As for paying extra for a Doiley or other old holder it is because the holder itself is scarce or rare. There are currently only 1,022 doiley holders listed in the census, and after 10 years the number of known black first generation NGC holders stands at just 36 known slabs. (and one collector owns 10 of them)
    Last edited: May 19, 2020
  6. baseball21

    baseball21 Well-Known Member

    Shhhhhhh :p

    I haven't checked the black census in a while but not that long ago it was 1 low as someone with no reason to lie said they had one but don't think they ever posted it in the census thread
  7. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    Just found this on Ebay, not mine, don't want one.

    Really....First Day of Issue Emergency Issue?
    Last edited: May 20, 2020
    TypeCoin971793 likes this.
  8. baseball21

    baseball21 Well-Known Member

  9. wxcoin

    wxcoin Getting no respect for 64 years

    I'm waiting for the First Day of Pandemic Issue.
  10. johnmilton

    johnmilton Well-Known Member

    I'll pass on that one the same way I passed on the end of World War I commemorative coin. Celebrating the end of World War I is worthwhile, but the war its self was unnecessary and stunk to high heavens.

    It was the greatest example of the failures of diplomacy both before and after the war. Imagine diplomats who were stupid enough to blunder into a horrendous war because of interlocking treaties and then sowed the seeds for the next with the Treaty of Paris.
    thomas mozzillo likes this.
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'm waiting for First Day of Pandemic Death Toll Over 1,000.

    Also....Peak Day of Pandemic Death Toll.

    wxcoin likes this.
  12. Insider

    Insider Talent on loan from...

    Conder101, posted: "Sheldon applied a pricing system to a grading system that already existed.

    As a student of coin grading and grading systems, I have NEVER seen anything prior to Sheldon that listed and described the grades assigned to coins in "his" published system that was (of course) devised to help collectors price Large cents. :shame:

    I like to see where I can read about the system he used that already existed.
    Kentucky likes this.
  13. wxcoin

    wxcoin Getting no respect for 64 years

    Poor choice of words; passing and pandemic can have different meanings!:)
  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    (1) Let's admit that with all the flaws of the TPGs, we are better off than if they didn't exist. Well, MOST of us are better off; I get how a few super-excellent experts might be disadvantaged by market grading.:D

    But the hobby and the public are definitely better off only having to worry about a graded coin being off at most 1, maybe 2 grades. Not 5 or 10 or more.

    I hope we can all agree on that.:cigar:

    (2) I'd be interested in hearing from the vets who might disagree with my above post: if you could wave a magic want today and change things, what would you go back to or implement ?
    wxcoin likes this.
  15. KSorbo

    KSorbo Well-Known Member

    How about a hermetically sealed label containing actual coronavirus samples? And what coin should it be? Yep, you guessed it, a 2020 Panda. There could even be multiple label designs featuring major landmarks such as the Wuhan bio lab, the seafood market, etc.
    wxcoin and St Gaudens collector like this.
  16. wxcoin

    wxcoin Getting no respect for 64 years

    Maybe the Panda should be replaced with a bat.
  17. Conder101

    Conder101 Numismatist

    I'd be willing to pay $25 for it.
    TypeCoin971793 likes this.
  18. baseball21

    baseball21 Well-Known Member

    It's dumb that got started, but once the others do it might as well join the party.

    Realistically they should have just been labeled for the P that they are and leave it at that, or even Pandemic issue like you mentioned would be better, emergency issues just gives off the wrong impression that they were a needed necessity which they weren't
    wxcoin likes this.
  19. TypeCoin971793

    TypeCoin971793 Just a random nobody who doesn’t know anything...

    Wasn’t a system penned around the turn of the century (1890-1910)? I think it was discussed in the intro to the ANA grading guude
    thomas mozzillo likes this.
  20. Sunflower_Coins

    Sunflower_Coins Importer and Exporter

    Just imagine the beautiful COVID-19 Special Label they'll put on it!
    wxcoin likes this.
  21. wxcoin

    wxcoin Getting no respect for 64 years

    Just sick!
    Sunflower_Coins likes this.
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