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Interesting thread about a PCGS reholder sub that downgraded
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<p>[QUOTE="Jaelus, post: 4160079, member: 46237"]I'm saying if you think the faintest wisp of wear magically reduces a 70 with dripping luster and eye appeal to spare down to a 58 - a staggering reduction of 11 grades, but the same coin that has been bag marked to death with zero eye appeal left is somehow a 61, then you've completely lost sight of the intent of coin grading. One of these coins has a major problem that reduces its quality (the baggy coin), and the other hardly has a problem at all and retains its eye appeal and quality.</p><p><br /></p><p>A singular focus on penalizing wear for the sake of penalizing wear is ignoring the fact that this is about assigning a number to represent the <i>quality</i> of a coin for purposes if valuation. In my above example, the focus on wear gets you the wrong result - the coin with higher quality and value ends up having the lower grade. That alone should tell you the approach of focusing on wear does not always work, and this is why we now market grade, and technical grading is obsolete.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 4160079, member: 46237"]I'm saying if you think the faintest wisp of wear magically reduces a 70 with dripping luster and eye appeal to spare down to a 58 - a staggering reduction of 11 grades, but the same coin that has been bag marked to death with zero eye appeal left is somehow a 61, then you've completely lost sight of the intent of coin grading. One of these coins has a major problem that reduces its quality (the baggy coin), and the other hardly has a problem at all and retains its eye appeal and quality. A singular focus on penalizing wear for the sake of penalizing wear is ignoring the fact that this is about assigning a number to represent the [I]quality[/I] of a coin for purposes if valuation. In my above example, the focus on wear gets you the wrong result - the coin with higher quality and value ends up having the lower grade. That alone should tell you the approach of focusing on wear does not always work, and this is why we now market grade, and technical grading is obsolete.[/QUOTE]
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Interesting thread about a PCGS reholder sub that downgraded
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