After reading the article in Coin World, I'm concerned about the outcome of a switch to this new system for grading coins!! What bothers me the most is the attempt to convert the grading points between each system. For instance, a MS62 converts to ???????? etc. I think confusion will reign for quite some time, possibly causing some prices to fluctuate wildly!!
62 = 87? This system would be impossible to create, unless we stopped with the letters and just used numbers. I would rather stick with 70 points simply because it would be too hard to switch now. BUT, if a major switch was made to 100 points, I would lookout for bargains during the chaos.
I think it would be impossible to really say where a current MS62 would fall until it was determined what grades covered what range of numbers. I think that a flat conversion of 62 to 88 would be a simple ration calculation that doesn't really solve anything except perception, and TPG's cash flow results. I know when I was a kid, if I got a 92 on a test, that was an A, but I don't think it's a stretch that people can work with a 70 base instead... Personally, I think a 100 point grading system would be great, if it were fixed, and not based on market grading. P 0-9 f 10-19 AG 20-29 G 30-39 VG 40-49 F 50-59 VF 60-69 EF 70-79 AU 80-89 MS 90-99 I had to exclude 100 in that example, because I included 0 in order to make it an even range. It actually works out fairly well, I think... And if it were fixed, and coins that are VF 63 would still be considered VF 63 fifty years from now, I think it's a welcome system.
$5-10 converts from you to them? :headbang: I though the photo of them at the meeting was pretty interesting. The one on the front page of CW Jan. 23. I don't think I've ever seen such confused looks on people. The last thing I heard was the idea was shelved. No doubt until it comes back... Red rash in morning, sailor take warning.
