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Slab grade follies – from EF-45 in 1974 to MS-65 today
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<p>[QUOTE="gmarguli, post: 5820767, member: 246"]Your first paragraph is an often told story. I've heard it attributed to several big time dealers since around 1986. The only sliver of truth to it I've ever found is that certain people can have the coin reviewed as a kind of unofficial regrade. Rather than go through the regrade process, they can state their case as to why it should be a higher grade. I've been told that sometimes it works, but mostly it does not. A generic MS64 does not magically become an MS65 just because they asked. However, they can make the case that a very low end MS65 that was graded MS64 belongs in an MS65 slab. </p><p><br /></p><p>One more than one occasion I have questioned the grade of a coin and they have reviewed for free. One time a grader called me to explain why the coin didn't receive the designation I was expecting. Another time at a show I spoke to a grader on a recently graded coin and I complained that for the 3rd time it graded AU58 and I believe the coin is MS. He offered to take a look and upon regrade it was slabbed MS. Nefarious plot? No, they are just willing to take a second look when some people ask.</p><p><br /></p><p>Your second paragraph sounds like bulk grading. Anyone with 100 of the same type coin can submit the entire batch at a reduced cost and you can list a minimum grade. Those that don't meet the minimum grade get returned raw and there is no cost to the submitter. This service is available to everyone. And I'm not sure if you personally can afford it, but the cost typically starts around $7 a coin, so it is affordable to most people.[/QUOTE]</p><p><br /></p>
[QUOTE="gmarguli, post: 5820767, member: 246"]Your first paragraph is an often told story. I've heard it attributed to several big time dealers since around 1986. The only sliver of truth to it I've ever found is that certain people can have the coin reviewed as a kind of unofficial regrade. Rather than go through the regrade process, they can state their case as to why it should be a higher grade. I've been told that sometimes it works, but mostly it does not. A generic MS64 does not magically become an MS65 just because they asked. However, they can make the case that a very low end MS65 that was graded MS64 belongs in an MS65 slab. One more than one occasion I have questioned the grade of a coin and they have reviewed for free. One time a grader called me to explain why the coin didn't receive the designation I was expecting. Another time at a show I spoke to a grader on a recently graded coin and I complained that for the 3rd time it graded AU58 and I believe the coin is MS. He offered to take a look and upon regrade it was slabbed MS. Nefarious plot? No, they are just willing to take a second look when some people ask. Your second paragraph sounds like bulk grading. Anyone with 100 of the same type coin can submit the entire batch at a reduced cost and you can list a minimum grade. Those that don't meet the minimum grade get returned raw and there is no cost to the submitter. This service is available to everyone. And I'm not sure if you personally can afford it, but the cost typically starts around $7 a coin, so it is affordable to most people.[/QUOTE]
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Slab grade follies – from EF-45 in 1974 to MS-65 today
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