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ICG And HSN'S Mike Mezack Part Ways? "There are 3 Major Grading Services"
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<p>[QUOTE="Insider, post: 3106617, member: 24314"]mikenoodle, posted: "The current system of grading Mint State coins is not working very well, but it’s the best we have for now. I would welcome innovation in this arena, but I don’t have any suggestions." </p><p><br /></p><p><i>I do, but nothing I haven't posted before. </i></p><p><br /></p><p>"An argument that is not being made here is that TPGs don’t really grade Mint State coins as much as they (appraise) value them. The problem is that people try to make it hard science when it’s largely subjective. I also agree with a key point made by Insider [<b><span style="color: #ff0000">??</span></b>] that the numbers on the slab are not as important (nor even always grounded in reality) as the relative rank of the coins from top to bottom. (insert 5 emojis here)." </p><p><br /></p><p><i>Actually, I didn't write that. I was quoting the guys who buy million dollar 1804 dollars. I don't like the idea. 1, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /> 2, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie15" alt=":arghh:" unselectable="on" unselectable="on" /> 3,<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie49" alt=":grumpy:" unselectable="on" unselectable="on" /> 4, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /> 5, <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> and one for good measure 6,</i> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie52" alt=":hilarious:" unselectable="on" unselectable="on" /></p><p><br /></p><p>V. Kurt Bellman, posted: "You're right, Mike. The first words out of Brain Silliman's mouth when I took his grading course at Orlando (being offered again in Philly in August) WAS, "<span style="color: #b300b3">In mint state coins, we don't so much 'grade' them as 'appraise' them.</span>" He then spent over 15 hours over two days teaching us how to do that. He passed out the Whitman so-called "ANA Standards" book [7th edition], and within 5 minutes, we ignored it." </p><p><br /></p><p><i>And that's why it is extremely difficult for the majority of folks who don't buy and sell coins with the big dealers will never have the skills to grade coins "commercially."</i> <i> For example, take a 64+ white coin with a clean cheek but many marks and let it develop a beautiful toning and now it has the value of a 66!</i> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie98" alt=":wacky:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 3106617, member: 24314"]mikenoodle, posted: "The current system of grading Mint State coins is not working very well, but it’s the best we have for now. I would welcome innovation in this arena, but I don’t have any suggestions." [I]I do, but nothing I haven't posted before. [/I] "An argument that is not being made here is that TPGs don’t really grade Mint State coins as much as they (appraise) value them. The problem is that people try to make it hard science when it’s largely subjective. I also agree with a key point made by Insider [[B][COLOR=#ff0000]??[/COLOR][/B]] that the numbers on the slab are not as important (nor even always grounded in reality) as the relative rank of the coins from top to bottom. (insert 5 emojis here)." [I]Actually, I didn't write that. I was quoting the guys who buy million dollar 1804 dollars. I don't like the idea. 1, :facepalm: 2, :arghh: 3,:grumpy: 4, :banghead: 5, :D and one for good measure 6,[/I] :hilarious: V. Kurt Bellman, posted: "You're right, Mike. The first words out of Brain Silliman's mouth when I took his grading course at Orlando (being offered again in Philly in August) WAS, "[COLOR=#b300b3]In mint state coins, we don't so much 'grade' them as 'appraise' them.[/COLOR]" He then spent over 15 hours over two days teaching us how to do that. He passed out the Whitman so-called "ANA Standards" book [7th edition], and within 5 minutes, we ignored it." [I]And that's why it is extremely difficult for the majority of folks who don't buy and sell coins with the big dealers will never have the skills to grade coins "commercially."[/I] [I] For example, take a 64+ white coin with a clean cheek but many marks and let it develop a beautiful toning and now it has the value of a 66![/I] :wacky:[/QUOTE]
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