Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Peace Dollars (Is strike an element of grade?)
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 490319, member: 5233"]My view has always been that it's the upper MS grades that really become strike dependent. Below that, it doesn't IMHO because that's how the coin came from the mint. However, once you reach those upper grades where the condition of the coin is so similar, the nicer struck examples will begin to be more important.</p><p><br /></p><p>But, this argument comes back to the fact that no two coins at the same grade are equal and because of that the value's aren't equal. Here's an example. If you took two MS66 1892-O Morgan Dollar's...they are both equally worn and have the same amount of marks. The grade is primarily a representation of the condition of the coin based on how it was handled. Because of their condition, the coin's have the same grade. But, what if one of them is a nice strike and the other is an average for the date. They may grade the same but they certainly have a different value.</p><p><br /></p><p>I think too many people consider the numerical grade and the value to be absolutely connected...they aren't because of other factors. One of these factors is strike quality (another could be toning). Think about this, you have a "normal" strike 1892-O Morgan graded MS65. The second 1892-O is a very nice strike (superb for the date) but is too marked up to grade MS65. It's probably a true MS63 but because of the strike might market grade to MS64. What coin is more desirable? To me, it's the lower grade coin...it's probably more valuable too. </p><p><br /></p><p>I personally feel that strike is the least important (by far) when it comes to the numerical grade of a coin. However, the individual characteristics of the coin may merit it being worth more or less than the "typical" price for the grade. When you reach those very high MS grades, I think strike becomes a lot more important. But, that's just my opinion. </p><p><br /></p><p>I look at strike like I look at toning. It really doesn't raise the technical grade (usually), but it could make a significant difference in the price of the coin (either up or down).</p><p><br /></p><p><br /></p><p>I feel that unless the coin is a very highly graded example (MS67+), then no...they don't deserve to be greater appreciated in the numerical grade IMHO. However, they will command a premium in value (and depending on the coin, it may be a very large premium).[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 490319, member: 5233"]My view has always been that it's the upper MS grades that really become strike dependent. Below that, it doesn't IMHO because that's how the coin came from the mint. However, once you reach those upper grades where the condition of the coin is so similar, the nicer struck examples will begin to be more important. But, this argument comes back to the fact that no two coins at the same grade are equal and because of that the value's aren't equal. Here's an example. If you took two MS66 1892-O Morgan Dollar's...they are both equally worn and have the same amount of marks. The grade is primarily a representation of the condition of the coin based on how it was handled. Because of their condition, the coin's have the same grade. But, what if one of them is a nice strike and the other is an average for the date. They may grade the same but they certainly have a different value. I think too many people consider the numerical grade and the value to be absolutely connected...they aren't because of other factors. One of these factors is strike quality (another could be toning). Think about this, you have a "normal" strike 1892-O Morgan graded MS65. The second 1892-O is a very nice strike (superb for the date) but is too marked up to grade MS65. It's probably a true MS63 but because of the strike might market grade to MS64. What coin is more desirable? To me, it's the lower grade coin...it's probably more valuable too. I personally feel that strike is the least important (by far) when it comes to the numerical grade of a coin. However, the individual characteristics of the coin may merit it being worth more or less than the "typical" price for the grade. When you reach those very high MS grades, I think strike becomes a lot more important. But, that's just my opinion. I look at strike like I look at toning. It really doesn't raise the technical grade (usually), but it could make a significant difference in the price of the coin (either up or down). I feel that unless the coin is a very highly graded example (MS67+), then no...they don't deserve to be greater appreciated in the numerical grade IMHO. However, they will command a premium in value (and depending on the coin, it may be a very large premium).[/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
>
Peace Dollars (Is strike an element of grade?)
>
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...