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Has Grading Gone to Far?
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<p>[QUOTE="The Eidolon, post: 4491107, member: 102103"]I guess the 70 point scale is a historical artifact. We use it because those numbers used to mean something, even though now they mean something a little different. At the high end of the scale, a tiny difference in condition makes a big difference. Having such gradations for heavily worn coins (my favorites!) would be silly, and would tell us little about the value of the coins.</p><p><br /></p><p>Personally, as a collector of low-end coins (mostly), I dislike grading because the cost of grading is more than the value of the coin in many cases. I could see grading a few coins so as to make things easier for my heirs to sell them when I'm gone. But if I have no short-term plans to sell, what's the value in tying up a lot of capital getting things slabbed which I could have invested in a productive asset? (Or in more coins!)[/QUOTE]</p><p><br /></p>
[QUOTE="The Eidolon, post: 4491107, member: 102103"]I guess the 70 point scale is a historical artifact. We use it because those numbers used to mean something, even though now they mean something a little different. At the high end of the scale, a tiny difference in condition makes a big difference. Having such gradations for heavily worn coins (my favorites!) would be silly, and would tell us little about the value of the coins. Personally, as a collector of low-end coins (mostly), I dislike grading because the cost of grading is more than the value of the coin in many cases. I could see grading a few coins so as to make things easier for my heirs to sell them when I'm gone. But if I have no short-term plans to sell, what's the value in tying up a lot of capital getting things slabbed which I could have invested in a productive asset? (Or in more coins!)[/QUOTE]
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