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<p>[QUOTE="Paul M., post: 2320896, member: 73165"]It is true that some famous coins have had their certified grades increased over the years, but I don't think the reason is what you say it is. The fact is that the grade on a true rarity like an 1893 S dime, 1804 dollar, 1913 Liberty nickel, etc. is essentially meaningless. These coins will increase in price regardless of whether they're graded AU58, MS62, or whatever, and they'll be evaluated on their own merits regardless of the plastic around them.</p><p><br /></p><p>What you seem to be alluding to is market grading, which is really just a stupid consequence of peoples' desire that a coin which numerically grades higher than another coin should be worth more. Those people seem to forget that the Sheldon scale is really two scales: one for circulated coins and one for MS coins. There are plenty of AU58's out there that are better looking than a lot of MS64's, but they have the tiniest rub that makes them technically not UNC. I own one. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>This is also part of the reason that most market grading (outside of early copper) happens in the upper grades. Grades below XF45 are almost 100% determined by wear, and all coins of a given date and series wear pretty much the same (weak strike notwithstanding). There's very little argument what constitutes a VF vs XF. And, in circulated grades, higher grade does equate more or less directly to higher price.</p><p><br /></p><p>In MS grades, you have to take eye appeal and strike more seriously into account, and a good portion of the grade comes down to "does this coin look nice?" The sharpest strike and most attractive toning isn't going to get a 63 into a 65 holder, but it might squeak by into a 64 holder. That's market grading in action.[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2320896, member: 73165"]It is true that some famous coins have had their certified grades increased over the years, but I don't think the reason is what you say it is. The fact is that the grade on a true rarity like an 1893 S dime, 1804 dollar, 1913 Liberty nickel, etc. is essentially meaningless. These coins will increase in price regardless of whether they're graded AU58, MS62, or whatever, and they'll be evaluated on their own merits regardless of the plastic around them. What you seem to be alluding to is market grading, which is really just a stupid consequence of peoples' desire that a coin which numerically grades higher than another coin should be worth more. Those people seem to forget that the Sheldon scale is really two scales: one for circulated coins and one for MS coins. There are plenty of AU58's out there that are better looking than a lot of MS64's, but they have the tiniest rub that makes them technically not UNC. I own one. :) This is also part of the reason that most market grading (outside of early copper) happens in the upper grades. Grades below XF45 are almost 100% determined by wear, and all coins of a given date and series wear pretty much the same (weak strike notwithstanding). There's very little argument what constitutes a VF vs XF. And, in circulated grades, higher grade does equate more or less directly to higher price. In MS grades, you have to take eye appeal and strike more seriously into account, and a good portion of the grade comes down to "does this coin look nice?" The sharpest strike and most attractive toning isn't going to get a 63 into a 65 holder, but it might squeak by into a 64 holder. That's market grading in action.[/QUOTE]
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Is it really possible that only PCGS and NGC get it right?
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