Ignoring an element of grading

so my question is what was the most you overpaid and why?

 

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25X Bid because that is as low as the seller would go and I was getting the coin no matter what. Probably twice what it is actually worth IMO. No worries, I am never selling it.



:desk:

 

I don't like the coin at all. Too weak of a strike. Not worth MS-67 money IMHO. To me, eye appeal and strike are very important. If a coin doesn't have them, I pass. If you like it, buy it. It's your choice. That's all that matters anyway.

 

Is it worthy of MS67 due to speculation about what may or may not have happened at the mint ? IMHO absolutely not.

Even if it were known beyond doubt it was softly struck due to a pre-run experiment, it still doesn't matter.

The grade of a coin is an indicator of it's total quality, all factors considered. Anything which reduces the total quality of the coin lowers the grade for me.

A soft strike reduces sharpness and detail, therefore it reduces the coin's grade, regardless of why the coin was poorly struck.

One should ignore aspects of grading in one's mind only if they can ignore it with one's eyes.

If folks consider it an exotic error or specimen piece, that doesn't change the grade. Give it the appropriate grade (MS64) and bid it up - kinda like some folks do for the Cheerios Sackie ! I'll enjoy watching the action - from a safe distance !

 

I think it might be ok if the strike isn't terrible for the grade just a little weak , to me the strike is one of the things I'll buy a coin for , for you it's toning , for me it's strike , of course all the other parts must be in place for me to really like a coin , but in the case of the '24 Peace Dollar even though I might get wowed at first glance , in the long run I couldn't be happy with the coin .
rzage

 

GD has been DQ i knew it didnt make sense. when you really overpay for a coin 50% or more than you can join the club

 

I don't believe the softness of the strike should be ignored.

Just one finer? That's the most fascinating statement of all.

Unless the long description cited above is printed right on the slab, I don't see how assigning an MS67 helps the long term credibility of the grading system.

 

I believe you are correct on that. I know that toning can probably bring the grade up one point, but it's not listed in the overall element category.

Jazzcoins Joe

 

Elements of grading probably shouldnt be ignored but balanced with the others...weak strike takes away from it but other aspects might be so outstanding that it balances it out.

I dont think tone (especially rainbow colored tone) should have any bearing IMO. I certainly would never pay more for a coin that look tie dyed, in fact I probably wouldnt even consider buying a coin like that...I might WANT a coin a bit more if it has a nice even attractive tone and even a genuine, subtle color that can be seen in the right light angle, but I would not think it should ever be worth more other than subjectively.

 

Individuals are free to include it or not as they see fit. Personally, I include it. How could I not ? Anything which affects the visual impact of the coin affects its desirability and thus its price.

The grading "system" exists only by the consent of the hobbyists. To prevent chaos and have a somewhat uniform set of rules, we mutually consent. However, individuals have personal preference. In the final analysis, it comes down to a coin on the table, a price, and the buyer decides "pass or play".

For instance, let's consider adjustment marks on early US gold and silver.

The "official rules" say that the adjustment marks don't count in determining grade since they are pre-strike "as built".

Well, in Ricky World they most certainly DO count. You've got two coins identical except one has butt-ugly adjustment marks... which one do you buy ? Which one brings higher price ?

There is no "grading czar" autocrat who can force upon us a set of rules.

As Drusus mentioned above, it's a matter of balance. The total picture, the total coin, one coin at a time.

It's your checkbook. It's your collection. YOU decide.

 

I don't think the weak strike can be ignored, and you can bet if the coin was not slabbed or you covered the grade, the first thing a dealer would point out if you tried to sell it would be the weak strike. You would most likely get 65 money for it.
I will say great luster for a Peace dollar though.

 

your first mistake would have been to sell a coin to a dealer...

 

Very true. A dealer tried to give me 250 for my 20th anniversary Silver American Eagle set.

 

I must say my friend you are so correct on that they could really rip you off if you have no knowledge about the hobby. I rather sell it on Ebay ,but be truthful there.

Jazzcoins joe:whistle::whistle:

 

Yea sell on ebay where there are lots of suc....... I mean buyers.

 

I think a clarification should be added. Do your research before selling. Why have the headaches for moving a coin if you can sell it to a dealer and still make money. Talking small dollar profits - I sold most of my moderns to a dealer. I know there were several sets I could buy online for maybe $8 (including S,H&I) more. Most of my gold an platinum I made profit on just because of the price at the time. So I made profit and he will make profit okay by me. Plus no headache of dealing with dead beat buyers from ebay. High dollar coins would be different and require more research. I also know they will offer more than bid on some fast moving inventory.

Now as to the original post the answer is no when grading. This is one of those coins that I see that I skip. Well I might bid, but would end up losing. Heritage puts up a lot of IHC's that do not meet my definition of 64. I skip them or if the coins is still nice in my opinion I apply my grade and bid based on that. Lose much more than win, but oh well. At the same time on this coin and a few IHC's I would not fault someone else for bidding at the grade. I must admit this coin is very lusterous and frosty. Really cool.

 

Nope, Not Ever

If I were to lower the standards on each coin in mine own collection just because I liked all the other aspects my meager collection would be worth millions, Hence lowering the standards just hurts the value of the real MS-67's in my opinion. Mind you I am no expert on this subject.

Sincerely,
Donn

 

I voted "No". Grade the coin for what it is, not for what one wants it to be. I'm not a fan of market grading.