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<p>[QUOTE=&quot;Hobo, post: 390023, member: 11521&quot;]<b>Wednesday</b></p><p>&nbsp;</p><p>We looked at more coins today. Same drill - look quickly and go with your first impression. Use of a loupe was discouraged today. Many times I had only a few seconds to determine grades for my coins because the guy before me takes way too much time which leaves me very little time before I must pass the coin to the next guy. This has caused me to be WAY off on some of my grades. I simply do not have time to SEE the coin properly. </p><p>&nbsp;</p><p>I was all over the place on gold today, especially $1 Gold (which are very tiny and hard to see without magnification) and $2 1/2 &amp; $5 Indians (which are the hardest coins to grade - bar none). I graded circulated gold MS-65 and I graded high grade MS gold as low as EF-45 because I did not have time to accurately determine if the coins had full luster or broken luster. I swear, uncirculated $2 1/2 and $5 Indians very often look circulated to me. I simply am not that familar with them.</p><p>&nbsp;</p><p>I&#039;m not worried too much about this because 1) I rarely (if ever) buy gold and 2) when I buy a coin I usually look it for more than a few seconds. If I decide to buy any of these gold series I will brush up on how to grade them before sticking my neck out.</p><p>&nbsp;</p><p>This exercize is not for naught. I think I am getting much better at grading and quickly forming a rough idea of a grade before looking at the details. We are getting it drilled into us to first determine if the coin is circulated or mint state. Once you determine that you simply zero in on a grade. </p><p>&nbsp;</p><p>Again after class I had to tend to work but I was able to make it to the YN Auction. The YN Auction is an auction of items that have been donated. (A few items are sold on consignment so only a portion goes to the YN Scholorship. On the other lots ALL the money goes to the YN Scholorship.) Some things sell for ridiculous prices. (Last year a bottle of water sold for $1,000.) There were many interesting items. One - an anciet Alexander coin - sold for $2700. I bid on several lots but did not win any. I did not hear a total but I know several thousand dollars were raised. </p><p>&nbsp;</p><p>Tomorrow is the last day of class. Tomorrow evening is the banquet. I&#039;m gonna try to get some sleep tonight for once. </p><p>&nbsp;</p><p>Night, night![/QUOTE]</p><p><br /></p>

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