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<p>[QUOTE="Insider, post: 3803165, member: 24314"]It's a new morning and I'm not cranky! Look, I apologize to you as I know you must be a knowledgeable fellow. While I DO NOT change anything I wrote, I should have been more polite in expressing it. I don't think you are ignorant. </p><p><br /></p><p>Most of you know I teach grading and have been involved in the evolution of coin grading since the Wild West Days but decades after Doug was around. I am the sole author of the "true" Technical Grading System. It was based on Sheldon's strict definitions of individual grades back when MS meant NO TRACE OF WEAR FROM SLIDING <b><span style="color: #b30000">FRICTION.</span></b></p><p><b><span style="color: #b30000"><br /></span></b></p><p><span style="color: #000000">Grading was extremely simple. Eye appeal and value had no influence on the coin's condition of preservation from when it dropped from the press. A splotchy brown MS coin with very few marks was graded EXACTLY the same as a "rainbow beauty!" A coin's strike did not influence its grade because that was the way it was struck (MS-65, flat strike). We wanted to be able to identify the coin in the future NOT put a price on it. Coin dealers can do that. </span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">The point of all this is to say I get REALLY CRANKY when someone who should know better writes this kind of silliness (this time I'm <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie14" alt=":angelic:" unselectable="on" unselectable="on" /> being very charitable): "...slabbers aren't very good at grading early copper. Plus, how can you grade a coin MS69 when there is nothing graded MS68 and only two coins have been graded higher than MS66?"</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">While TPGS' are important, over the years, coin dealers have screwed up the simple act of grading a coin and while doing it they have corrupted the grading standards. They want to be the only ones who can put a value on a coin. You need to be deeply involved in the market to get it right - all 65's are not worth the same. </span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">Sometime back in the dark ages, when we were using the "Technical" system, some as yet unidentified numismatist developed the "Net" way of grading to PUT A VALUE on copper coins. That system HAS NO RELATIONSHIP to the coin's actual remaining details. </span><b><span style="color: #b30000">EAC "details" grading is EXTREMELY GOOD. They know how to grade. </span></b><span style="color: #000000"> Unfortunately, it gets screwed up when they start taking off points with problems! The result is a technically graded cent - XF-45, obv. scratch and rim bump gets priced as a VF-20 by one EAC dealer and VF-30 by another because as paraphrased in the EAC Grading Guide - <b>"Net" grading is complicated and very different from the way coins are graded by the major TPGS. </b>That's why they can keep it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></span></p><p><span style="color: #000000"><br /></span></p><p><br /></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000"> </span>[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 3803165, member: 24314"]It's a new morning and I'm not cranky! Look, I apologize to you as I know you must be a knowledgeable fellow. While I DO NOT change anything I wrote, I should have been more polite in expressing it. I don't think you are ignorant. Most of you know I teach grading and have been involved in the evolution of coin grading since the Wild West Days but decades after Doug was around. I am the sole author of the "true" Technical Grading System. It was based on Sheldon's strict definitions of individual grades back when MS meant NO TRACE OF WEAR FROM SLIDING [B][COLOR=#b30000]FRICTION. [/COLOR][/B] [COLOR=#000000]Grading was extremely simple. Eye appeal and value had no influence on the coin's condition of preservation from when it dropped from the press. A splotchy brown MS coin with very few marks was graded EXACTLY the same as a "rainbow beauty!" A coin's strike did not influence its grade because that was the way it was struck (MS-65, flat strike). We wanted to be able to identify the coin in the future NOT put a price on it. Coin dealers can do that. The point of all this is to say I get REALLY CRANKY when someone who should know better writes this kind of silliness (this time I'm :angelic: being very charitable): "...slabbers aren't very good at grading early copper. Plus, how can you grade a coin MS69 when there is nothing graded MS68 and only two coins have been graded higher than MS66?" While TPGS' are important, over the years, coin dealers have screwed up the simple act of grading a coin and while doing it they have corrupted the grading standards. They want to be the only ones who can put a value on a coin. You need to be deeply involved in the market to get it right - all 65's are not worth the same. Sometime back in the dark ages, when we were using the "Technical" system, some as yet unidentified numismatist developed the "Net" way of grading to PUT A VALUE on copper coins. That system HAS NO RELATIONSHIP to the coin's actual remaining details. [/COLOR][B][COLOR=#b30000]EAC "details" grading is EXTREMELY GOOD. They know how to grade. [/COLOR][/B][COLOR=#000000] Unfortunately, it gets screwed up when they start taking off points with problems! The result is a technically graded cent - XF-45, obv. scratch and rim bump gets priced as a VF-20 by one EAC dealer and VF-30 by another because as paraphrased in the EAC Grading Guide - [B]"Net" grading is complicated and very different from the way coins are graded by the major TPGS. [/B]That's why they can keep it. :D [/COLOR] [COLOR=#000000] [/COLOR][/QUOTE]
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