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<p>[QUOTE="TypeCoin971793, post: 2568262, member: 78244"]To me, grading is assigning a number to represent a specific state of preservation on a coin. "Market grading" is stupid, confusing to unaware buyers, unnecessary, and completely a sham. No matter what a number a coin is assigned, the market will dictate its value (with exception to coins graded 67+). If the coin is premium for the grade, then the wary collector will pay a premium for it. It does not need to be graded higher than it actually is. If MS63 1884 S dollars are selling for AU prices, then that is the new price point for an MS-63. There is no need to adjust the grading scale to compensate for a sagging market (assuming what you said is correct as it makes no sense).</p><p><br /></p><p>It can be confusing and dangerous to new/ignorant collectors. Many, <i>MANY</i> AU-58 Capped Bust halves are "market graded" to MS-63 (for example) to signify that these premium AU-58's are worth $2000 instead of $800. But many dealers see the number, and market it as a premium MS-63 harping on the premium qualities that bumped it up from AU. Then the dealers market "grade" (read <i>"price"</i>) this coin as an MS-64, yours for only $4000.</p><p><br /></p><p>Let the market "market grade" technically correctly-graded coins and leave the TPGs out of it.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 2568262, member: 78244"]To me, grading is assigning a number to represent a specific state of preservation on a coin. "Market grading" is stupid, confusing to unaware buyers, unnecessary, and completely a sham. No matter what a number a coin is assigned, the market will dictate its value (with exception to coins graded 67+). If the coin is premium for the grade, then the wary collector will pay a premium for it. It does not need to be graded higher than it actually is. If MS63 1884 S dollars are selling for AU prices, then that is the new price point for an MS-63. There is no need to adjust the grading scale to compensate for a sagging market (assuming what you said is correct as it makes no sense). It can be confusing and dangerous to new/ignorant collectors. Many, [I]MANY[/I] AU-58 Capped Bust halves are "market graded" to MS-63 (for example) to signify that these premium AU-58's are worth $2000 instead of $800. But many dealers see the number, and market it as a premium MS-63 harping on the premium qualities that bumped it up from AU. Then the dealers market "grade" (read [I]"price"[/I]) this coin as an MS-64, yours for only $4000. Let the market "market grade" technically correctly-graded coins and leave the TPGs out of it.[/QUOTE]
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