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Market Grading vs. Technical Grading - Round 35!!! Ding!
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<p>[QUOTE="NPCoin, post: 405306, member: 5629"]Yes and no.</p><p><br /></p><p>It depends on the standard you use as well as whether you are talking technical grade or market grade.</p><p><br /></p><p>Take for instance, the Barber Half from the fifth edition ANA standards:</p><p><br /></p><p><br /></p><p><br /></p><p>Now, let's add the general grade description for MS-70:</p><p><br /></p><p><br /></p><p><br /></p><p>Now, let's separate the technical grade from the market grade:</p><p><br /></p><p>1. A flawless coin exactly as it was minted <span style="color: SeaGreen">TECHNICAL</span></p><p>2. no trace of wear or injury <span style="color: SeaGreen">TECHNICAL</span></p><p>3. Must have full mint luster and brilliance or light toning. <span style="color: DarkRed">MARKET</span></p><p>4. Any unusual die or <b>striking traits</b> must be described. <span style="color: SeaGreen">TECHNICAL</span></p><p>5. The perfect coin. <span style="color: Purple">YEAH RIGHT!</span> :goof:</p><p>6. Has very attractive sharp strike and original luster of the highest quality for the date and mint. <span style="color: DarkRed">MARKET</span></p><p>7. No contact marks are visible under magnification. <span style="color: SeaGreen">TECHNICAL</span></p><p>8. There are absolutely no hairlines, scuff marks or defects. <span style="color: SeaGreen">TECHNICAL</span>/<span style="color: DarkRed">MARKET</span></p><p>9. Attractive and outstanding eye appeal. <span style="color: DarkRed">MARKET</span></p><p><br /></p><p>Now, consider a coin that is perfect in every way with regards to #1, 2, 7, and 8 above, excepting the fact that the coin is weakly struck. The technical grade assignment <b>must</b> be MS-70, with the notations "<i>weakly struck</i>" in accordance with #4 above. That is pure technical grading.</p><p><br /></p><p>Once you take into consideration #3, 6, and 9, and reconsider #8, you may now derive the market grade. The market grade <b>cannot</b> be MS-70 because it would fail #6 for strike. Yet, this is market acceptability, not minting technicality. The coin is still "as minted" and that is what technical grading cares about. In fact, #4 and #6 starkly contrast and contradict each other.</p><p><br /></p><p>How can you have a notation of the coin being "weakly struck" when the coin does not fit the (market) grade to begin with? This is what happens as you mix market grading standards with technical grading standards. You end up with apparent contradictions.</p><p><br /></p><p>That is until you realize that you have the choice here: You may designate the same coin as (technical) "MS-70, weakly struck", or as simply (market) "MS-64" (or even possibly MS-63). Now that is a huge difference. <b>YET</b>, if you truly look at this as a whole picture, (technical) "MS-70, weakly struck" gives <b>a lot</b> more information about the true condition of the coin than (market) "MS-64" does. Even (market) "MS-69" will not suffice in communicating the true condition of the coin, as (market) "MS-69" would presuppose an exceptional strike, which this would not be.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 405306, member: 5629"]Yes and no. It depends on the standard you use as well as whether you are talking technical grade or market grade. Take for instance, the Barber Half from the fifth edition ANA standards: Now, let's add the general grade description for MS-70: Now, let's separate the technical grade from the market grade: 1. A flawless coin exactly as it was minted [COLOR="SeaGreen"]TECHNICAL[/COLOR] 2. no trace of wear or injury [COLOR="SeaGreen"]TECHNICAL[/COLOR] 3. Must have full mint luster and brilliance or light toning. [COLOR="DarkRed"]MARKET[/COLOR] 4. Any unusual die or [B]striking traits[/B] must be described. [COLOR="SeaGreen"]TECHNICAL[/COLOR] 5. The perfect coin. [COLOR="Purple"]YEAH RIGHT![/COLOR] :goof: 6. Has very attractive sharp strike and original luster of the highest quality for the date and mint. [COLOR="DarkRed"]MARKET[/COLOR] 7. No contact marks are visible under magnification. [COLOR="SeaGreen"]TECHNICAL[/COLOR] 8. There are absolutely no hairlines, scuff marks or defects. [COLOR="SeaGreen"]TECHNICAL[/COLOR]/[COLOR="DarkRed"]MARKET[/COLOR] 9. Attractive and outstanding eye appeal. [COLOR="DarkRed"]MARKET[/COLOR] Now, consider a coin that is perfect in every way with regards to #1, 2, 7, and 8 above, excepting the fact that the coin is weakly struck. The technical grade assignment [B]must[/B] be MS-70, with the notations "[I]weakly struck[/I]" in accordance with #4 above. That is pure technical grading. Once you take into consideration #3, 6, and 9, and reconsider #8, you may now derive the market grade. The market grade [B]cannot[/B] be MS-70 because it would fail #6 for strike. Yet, this is market acceptability, not minting technicality. The coin is still "as minted" and that is what technical grading cares about. In fact, #4 and #6 starkly contrast and contradict each other. How can you have a notation of the coin being "weakly struck" when the coin does not fit the (market) grade to begin with? This is what happens as you mix market grading standards with technical grading standards. You end up with apparent contradictions. That is until you realize that you have the choice here: You may designate the same coin as (technical) "MS-70, weakly struck", or as simply (market) "MS-64" (or even possibly MS-63). Now that is a huge difference. [B]YET[/B], if you truly look at this as a whole picture, (technical) "MS-70, weakly struck" gives [B]a lot[/B] more information about the true condition of the coin than (market) "MS-64" does. Even (market) "MS-69" will not suffice in communicating the true condition of the coin, as (market) "MS-69" would presuppose an exceptional strike, which this would not be.[/QUOTE]
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Market Grading vs. Technical Grading - Round 35!!! Ding!
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