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Market Grading vs. Technical Grading - Round 36!!! Ding!
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<p>[QUOTE="Lehigh96, post: 408106, member: 15309"]Eddie,</p><p><br /></p><p>It seems that you want to change the definition of technical grading because you have been practicing market grading since before the term market grading was created. The simple fact is that what you are calling technical grading is actually market grading. Technical grading assigns a grade based upon the surface preservation, ignoring luster, strike, and eye appeal.</p><p><br /></p><p>Mike,</p><p><br /></p><p>I disagree with the fact that technical grading can't include all of the mint state grades. Simply grade the surface preservation of the coin on a scale from 0-10 (worst to best). If you give the coin a 3 it is an MS63.</p><p><br /></p><p>NPCoin</p><p><br /></p><p>Although I understand your position, I don't think it is very realistic. What would happen to the coin market if coin prices were not related to the grade of the coin. I see people posting "you overpaid" all the time on coin forums. Collectors seem obsessed with knowing that they either got a good deal or a bad deal and equate getting a good deal with being an astute collector. If the price does not relate to the grade, price guides would either not exist or would be meaningless, and it would kill the hobby in my opinion. Shady dealers would gouge people unmercifully and in the end we would all suffer.</p><p><br /></p><p>It appears that your problem with market grading is that the assigned grade is cumbersome because you don't know which elements of grading were used to determine the assigned grade. This is a very valid concern that can only be determined by examining and grading the coin for yourself. However, I really don't think that using technical grading with remarks to describe the luster, strike, and eye appeal is the answer. The reason most collectors like market grading is because most collectors are actually interested in luster, strike, and eye appeal when purchasing coins. Additionally, they want to know how much a coin should cost. If we used technical grading, the collector would have no idea how much to pay for a coin that is graded MS65 but would market grade at MS63 or MS67.</p><p><br /></p><p>It appears to me that most collectors problem with market grading is the inconsistency that accompanies it. I think just assigning an numerical grade to the coin is a bit ambiguous as well and often times would like to know how the TPG arrived at the assigned grade. If the TPG's actually used an actual formula like this one:<a href="http://www.coingrading.com/grade1.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coingrading.com/grade1.html" rel="nofollow">http://www.coingrading.com/grade1.html</a></p><p><br /></p><p>they could post the number on the slab of the coin and you would know both the technical grade and how the TPG arrived at the market grade. Simply post on the slab the P, S, L, & E numbers for both sides on the insert. FWIW, I don't agree with the grading scale proposed in this example, but I do believe that a system similar to this could work to make both the technical graders and market graders happy.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 408106, member: 15309"]Eddie, It seems that you want to change the definition of technical grading because you have been practicing market grading since before the term market grading was created. The simple fact is that what you are calling technical grading is actually market grading. Technical grading assigns a grade based upon the surface preservation, ignoring luster, strike, and eye appeal. Mike, I disagree with the fact that technical grading can't include all of the mint state grades. Simply grade the surface preservation of the coin on a scale from 0-10 (worst to best). If you give the coin a 3 it is an MS63. NPCoin Although I understand your position, I don't think it is very realistic. What would happen to the coin market if coin prices were not related to the grade of the coin. I see people posting "you overpaid" all the time on coin forums. Collectors seem obsessed with knowing that they either got a good deal or a bad deal and equate getting a good deal with being an astute collector. If the price does not relate to the grade, price guides would either not exist or would be meaningless, and it would kill the hobby in my opinion. Shady dealers would gouge people unmercifully and in the end we would all suffer. It appears that your problem with market grading is that the assigned grade is cumbersome because you don't know which elements of grading were used to determine the assigned grade. This is a very valid concern that can only be determined by examining and grading the coin for yourself. However, I really don't think that using technical grading with remarks to describe the luster, strike, and eye appeal is the answer. The reason most collectors like market grading is because most collectors are actually interested in luster, strike, and eye appeal when purchasing coins. Additionally, they want to know how much a coin should cost. If we used technical grading, the collector would have no idea how much to pay for a coin that is graded MS65 but would market grade at MS63 or MS67. It appears to me that most collectors problem with market grading is the inconsistency that accompanies it. I think just assigning an numerical grade to the coin is a bit ambiguous as well and often times would like to know how the TPG arrived at the assigned grade. If the TPG's actually used an actual formula like this one:[URL]http://www.coingrading.com/grade1.html[/URL] they could post the number on the slab of the coin and you would know both the technical grade and how the TPG arrived at the market grade. Simply post on the slab the P, S, L, & E numbers for both sides on the insert. FWIW, I don't agree with the grading scale proposed in this example, but I do believe that a system similar to this could work to make both the technical graders and market graders happy.[/QUOTE]
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Market Grading vs. Technical Grading - Round 36!!! Ding!
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