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hone your grading skills -- 1839 large cent
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<p>[QUOTE="GDJMSP, post: 618390, member: 112"]On that point we shall continue to disagree.</p><p><br /></p><p><br /></p><p><br /></p><p>In regard to price, yes, it is the actions of the market that really matter. But you see, there is a very strong fallacy in the line of thinking that price and grade are the same thing. Think of this - say a given coin, a rarity, graded MS63 sells for $68,000. Two years later that same exact coin, in the exact same slab, sells for $136,000. By your line of thinking the grade of that coin just went up.</p><p><br /></p><p>However, if that coin is resubmitted for grading, to the same company that graded it before, the majority of the time that coin is still graded MS63.</p><p><br /></p><p>So what does that do to your theory ? The price doubled, but the graded remained static. And there are countless examples where this exact scenario has taken place.</p><p><br /></p><p>Further evidence, from 2001 to 2007 the coin market went on a wild ride with prices increasing 300-400%. Given that, any coin graded in 2001 or before should have increased greatly in grade by your line of thinking. But that didn't happen. By your own admission in past postings the vast majority of coins submitted for upgrades <u>do not get upgraded</u>. But if your theory were true, they would have to get upgraded.</p><p><br /></p><p>Care to explain that ?[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 618390, member: 112"]On that point we shall continue to disagree. In regard to price, yes, it is the actions of the market that really matter. But you see, there is a very strong fallacy in the line of thinking that price and grade are the same thing. Think of this - say a given coin, a rarity, graded MS63 sells for $68,000. Two years later that same exact coin, in the exact same slab, sells for $136,000. By your line of thinking the grade of that coin just went up. However, if that coin is resubmitted for grading, to the same company that graded it before, the majority of the time that coin is still graded MS63. So what does that do to your theory ? The price doubled, but the graded remained static. And there are countless examples where this exact scenario has taken place. Further evidence, from 2001 to 2007 the coin market went on a wild ride with prices increasing 300-400%. Given that, any coin graded in 2001 or before should have increased greatly in grade by your line of thinking. But that didn't happen. By your own admission in past postings the vast majority of coins submitted for upgrades [U]do not get upgraded[/U]. But if your theory were true, they would have to get upgraded. Care to explain that ?[/QUOTE]
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hone your grading skills -- 1839 large cent
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