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Slab grade follies – from EF-45 in 1974 to MS-65 today
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<p>[QUOTE="gmarguli, post: 5962838, member: 246"]You keep bringing price into the discussion, yet are railing against the grade increase. I'm sorry, but "this coin sold for $500 in 1974" sounds like you're about to tell us a story about how you walked to school uphill both ways in the snow. What something cost back then is meaningless. What something costs in an MS62 vs MS65 slab is meaningless. The market will set these prices and you pay it or you don't. </p><p><br /></p><p>The only question is, based on current grading standards, is this coin an MS65. My opinion, based on what I can see and comparing this example to a dozen other MS64-66 examples is that this coin does qualify at the MS65 grade level. Other than the planchet flaws, it looks like a very nice coin.</p><p><br /></p><p>And I don't think you (and most people) understand what market grading is. It is the <u>marketplace telling the TPG</u> what the grading scale should be. Every collector wants a gem. Therefore, the TPG create gems. If this level of quality coin was viewed as an MS62 by the TPG, then the selling price of MS62 examples would be $125,000. And what is an MS62 today would be graded AU55 and selling for $23,000. The same supply/demand is out there. Price isn't going to change across the board.[/QUOTE]</p><p><br /></p>
[QUOTE="gmarguli, post: 5962838, member: 246"]You keep bringing price into the discussion, yet are railing against the grade increase. I'm sorry, but "this coin sold for $500 in 1974" sounds like you're about to tell us a story about how you walked to school uphill both ways in the snow. What something cost back then is meaningless. What something costs in an MS62 vs MS65 slab is meaningless. The market will set these prices and you pay it or you don't. The only question is, based on current grading standards, is this coin an MS65. My opinion, based on what I can see and comparing this example to a dozen other MS64-66 examples is that this coin does qualify at the MS65 grade level. Other than the planchet flaws, it looks like a very nice coin. And I don't think you (and most people) understand what market grading is. It is the [U]marketplace telling the TPG[/U] what the grading scale should be. Every collector wants a gem. Therefore, the TPG create gems. If this level of quality coin was viewed as an MS62 by the TPG, then the selling price of MS62 examples would be $125,000. And what is an MS62 today would be graded AU55 and selling for $23,000. The same supply/demand is out there. Price isn't going to change across the board.[/QUOTE]
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Slab grade follies – from EF-45 in 1974 to MS-65 today
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