Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Post a favorite SEGS graded specimen in your collection.
>
Reply to Thread
Message:
<p>[QUOTE="imrich, post: 3419737, member: 22331"]I hate to inform you of realities, but there are acceptable published standards which can be submitted by the Plaintiff for a jury review to establish proper grading for past designed/minted U.S. coins. This will eliminate some believed subjective unsupported antics used in the PCI trial, but the trial, with other past actions will be precedents for court acceptance. If a grade isn't listed in the published standard, the jury/court should/would accept the next lower grade properly defining coins. Photograde, which can be altered, subjectively viewed, as can be shown in believed improper published standards won't meet the general standards for absolute definition criteria. If a "industry" standard isn't available for the coin type, value should, probably would, be established by face/intrinsic value.</p><p><br /></p><p>The coin(s) value and damages can/will probably, as believed in precedents, be determined by the values stated between established published TPG grade value schedules, or market sales "comps", as stated in my prior #40 thread post, thus:</p><p>Generally, in a legal action, unless there are published verbal/pictorial standards supported by an authoritative party, heresay, subjectivity, opinions, unsupported statements are inadmissible. If new industry standards can't be shown, an objective court probably could/would accept/require value establishment to be based on the last published written/pictorial standard or raw/intrinsic value for grading. The requirement of grading being determined by use of a published written pictorial standard is reasonable if it can be shown that the grading standards for coins in an estate can be varied by resubmission to that TPG.</p><p><br /></p><p>There are existing published written/illustrated standards supposedly endorse by credible Industry organizations which could be relatively objectively amended. If the "industry", as is previously stated by "many", can't establish a system where their services are purchased based on standards, performance, equitable repurchase, they probably belong in non-existent, as predecessors, or a trinket sales category.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 3419737, member: 22331"]I hate to inform you of realities, but there are acceptable published standards which can be submitted by the Plaintiff for a jury review to establish proper grading for past designed/minted U.S. coins. This will eliminate some believed subjective unsupported antics used in the PCI trial, but the trial, with other past actions will be precedents for court acceptance. If a grade isn't listed in the published standard, the jury/court should/would accept the next lower grade properly defining coins. Photograde, which can be altered, subjectively viewed, as can be shown in believed improper published standards won't meet the general standards for absolute definition criteria. If a "industry" standard isn't available for the coin type, value should, probably would, be established by face/intrinsic value. The coin(s) value and damages can/will probably, as believed in precedents, be determined by the values stated between established published TPG grade value schedules, or market sales "comps", as stated in my prior #40 thread post, thus: Generally, in a legal action, unless there are published verbal/pictorial standards supported by an authoritative party, heresay, subjectivity, opinions, unsupported statements are inadmissible. If new industry standards can't be shown, an objective court probably could/would accept/require value establishment to be based on the last published written/pictorial standard or raw/intrinsic value for grading. The requirement of grading being determined by use of a published written pictorial standard is reasonable if it can be shown that the grading standards for coins in an estate can be varied by resubmission to that TPG. There are existing published written/illustrated standards supposedly endorse by credible Industry organizations which could be relatively objectively amended. If the "industry", as is previously stated by "many", can't establish a system where their services are purchased based on standards, performance, equitable repurchase, they probably belong in non-existent, as predecessors, or a trinket sales category. JMHO[/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
>
US Coins Forum
>
Post a favorite SEGS graded specimen in your collection.
>
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...