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hone your grading skills -- Eisenhower dollar
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<p>[QUOTE="The_Cave_Troll, post: 141811, member: 1674"]Technical grading is strictly grading a coin based solely on the merits of the coin and it attributes, whereas market grading is very much different. Market grading is grading based upon how the marketplace values a particular coin. In this case because of the size of the Ike dollar it is exceptionally rare to be mark free and the grading companies know this (they've graded thousands of them or more) as well as the high end collectors of that series. If you are a collector and you want the best MS Ike there is you may find out that the best coin only has a technical grade of MS67, but since it is the finest known it will be very expensive. Market grading would allow that MS 67 to be graded MS69 because that is how the market values the finest known piece and then they would rank the coins (like Mike said) below that and (regardless of their technical grade) they will be assigned market grades. It seems overly complicated, but it really isn't and all the grading companies do it, so it is worthwhile to understand why that coin (which is a technical MS64 based on it's owner's inspection) is graded and priced as a MS66.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 141811, member: 1674"]Technical grading is strictly grading a coin based solely on the merits of the coin and it attributes, whereas market grading is very much different. Market grading is grading based upon how the marketplace values a particular coin. In this case because of the size of the Ike dollar it is exceptionally rare to be mark free and the grading companies know this (they've graded thousands of them or more) as well as the high end collectors of that series. If you are a collector and you want the best MS Ike there is you may find out that the best coin only has a technical grade of MS67, but since it is the finest known it will be very expensive. Market grading would allow that MS 67 to be graded MS69 because that is how the market values the finest known piece and then they would rank the coins (like Mike said) below that and (regardless of their technical grade) they will be assigned market grades. It seems overly complicated, but it really isn't and all the grading companies do it, so it is worthwhile to understand why that coin (which is a technical MS64 based on it's owner's inspection) is graded and priced as a MS66.[/QUOTE]
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hone your grading skills -- Eisenhower dollar
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