Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Market Grading vs. Technical Grading
>
Reply to Thread
Message:
<p>[QUOTE="Lehigh96, post: 2066522, member: 15309"]Like any new business, they were reacting to what they considered mistakes. You make it sound like they purposefully changed standards simply to cater to the uninformed. Your point makes no sense to me. Perhaps you can lost the fancy rhetoric and explain exactly what you mean by the following statement and how allowing for eye appeal accomplishes what you are talking about.</p><p><br /></p><p><span style="color: #ff0000">"Why? Because their initial expectation was that absolute grading standards would deal with the iniquities of sellers grading their own coins. Unfortunately, they discovered late in the game that those who did not fully appreciate the positive / negative attributes of coins outside the norm for a given technical grade needed some help."</span></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>So what you are saying is that an ugly technically graded MS66 is worth less money than one that is untoned or attractively toned. Yet you are upset that TPGs have addressed the issue by lowering the grade of the coin and subsequently the value of the coin. It seems that you would prefer to be able to fleece those not in a position to judge a coin on all it's merits because only some of the coins attributes were actually considered in the technical grading process. Congratulations, you have successfully made the case for why market grading is necessary.</p><p><br /></p><p><br /></p><p><br /></p><p>The overwhelming number of coins graded by the TPGs are not influenced by eye appeal and are graded by the exact considerations that you listed: strike, luster, and surface preservation.</p><p><br /></p><p><br /></p><p><br /></p><p>While I don't like the practice of multiple grade bumps for eye appeal, the number of coins that I see getting more than a 1 grade bump is extremely small. There is no way that such a small number of coins could cause someone to think that the tables have been turned on their grading skills. That is nothing more than hyperbole.</p><p><br /></p><p><br /></p><p><br /></p><p>Agreed</p><p><br /></p><p><br /></p><p><br /></p><p>Agreed , though I wouldn't characterize it as paying one's dues. Nobody told me there were mandatory requirements (aka dues) to become a coin collector.</p><p><br /></p><p><br /></p><p><br /></p><p>It would seem to me that investors learned their lessons about graded coins in 1990 after the collapse. You can't have it both ways Mike. If the investors have returned without any knowledge, and it is the "less skilled buyers generally bathe in overgraded, overpriced and misrepresented coins before they acquire the skills necessary to avoid those pitfalls" then they are most likely going to infuse cash into the market. IMO, that is a good thing; they are similar to a fish at a poker table.</p><p><br /></p><p>Furthermore, when you say "less less afraid of buying technically graded coins having some unrecognized downside," again it sounds as though you are bitter because you have lost an avenue in which to use your more advanced knowledge to gain a financial advantage over those without such knowledge. From a collector standpoint, this was one of the primary goals of the TPGs, to level the playing field between dealer and collector.</p><p><br /></p><p><br /></p><p><br /></p><p>I dont' even know how to respond to this. You simply want to exclude people (investors) from the coin market in order to accomplish an artificial deflation of prices across the board. While that may be great for children, everybody with a vested interest in the coin market would suffer financially. And you think this is good for the hobby? Seriously?</p><p><br /></p><p><br /></p><p><br /></p><p>Are you really claiming that the simple addition of eye appeal to the grading equation has caused a mass influx of investors into the coin market? Where are they? I don't see prices skyrocketing! The TPG system of market grading is over 25 years old. It is stable and almost everybody has adjusted to the system without harboring feelings of resentment and injustice. Reverting back to technical grading or any other wholesale change in the grading standard at this point would be turning the tables on those who have learned how to grade using market grading.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 2066522, member: 15309"]Like any new business, they were reacting to what they considered mistakes. You make it sound like they purposefully changed standards simply to cater to the uninformed. Your point makes no sense to me. Perhaps you can lost the fancy rhetoric and explain exactly what you mean by the following statement and how allowing for eye appeal accomplishes what you are talking about. [COLOR=#ff0000]"Why? Because their initial expectation was that absolute grading standards would deal with the iniquities of sellers grading their own coins. Unfortunately, they discovered late in the game that those who did not fully appreciate the positive / negative attributes of coins outside the norm for a given technical grade needed some help."[/COLOR] So what you are saying is that an ugly technically graded MS66 is worth less money than one that is untoned or attractively toned. Yet you are upset that TPGs have addressed the issue by lowering the grade of the coin and subsequently the value of the coin. It seems that you would prefer to be able to fleece those not in a position to judge a coin on all it's merits because only some of the coins attributes were actually considered in the technical grading process. Congratulations, you have successfully made the case for why market grading is necessary. The overwhelming number of coins graded by the TPGs are not influenced by eye appeal and are graded by the exact considerations that you listed: strike, luster, and surface preservation. While I don't like the practice of multiple grade bumps for eye appeal, the number of coins that I see getting more than a 1 grade bump is extremely small. There is no way that such a small number of coins could cause someone to think that the tables have been turned on their grading skills. That is nothing more than hyperbole. Agreed Agreed , though I wouldn't characterize it as paying one's dues. Nobody told me there were mandatory requirements (aka dues) to become a coin collector. It would seem to me that investors learned their lessons about graded coins in 1990 after the collapse. You can't have it both ways Mike. If the investors have returned without any knowledge, and it is the "less skilled buyers generally bathe in overgraded, overpriced and misrepresented coins before they acquire the skills necessary to avoid those pitfalls" then they are most likely going to infuse cash into the market. IMO, that is a good thing; they are similar to a fish at a poker table. Furthermore, when you say "less less afraid of buying technically graded coins having some unrecognized downside," again it sounds as though you are bitter because you have lost an avenue in which to use your more advanced knowledge to gain a financial advantage over those without such knowledge. From a collector standpoint, this was one of the primary goals of the TPGs, to level the playing field between dealer and collector. I dont' even know how to respond to this. You simply want to exclude people (investors) from the coin market in order to accomplish an artificial deflation of prices across the board. While that may be great for children, everybody with a vested interest in the coin market would suffer financially. And you think this is good for the hobby? Seriously? Are you really claiming that the simple addition of eye appeal to the grading equation has caused a mass influx of investors into the coin market? Where are they? I don't see prices skyrocketing! The TPG system of market grading is over 25 years old. It is stable and almost everybody has adjusted to the system without harboring feelings of resentment and injustice. Reverting back to technical grading or any other wholesale change in the grading standard at this point would be turning the tables on those who have learned how to grade using market grading.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Market Grading vs. Technical Grading
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...