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<p>[QUOTE=&quot;Hobo, post: 351452, member: 11521&quot;]In an ANA grading course the following example was used:</p><p>&nbsp;</p><p>Suppose you have two coins that are identical except for grade. Coin A is Uncirculated but has lots of bag marks. It is an ugly coin. Its technical grade is MS-60. Let&#039;s say that in MS-60 this coin is valued at $100.</p><p>&nbsp;</p><p>Coin B has been lightly circulated but still retains good luster and does not have many scratches or bag marks. It has great eye appeal. Its technical grade is AU-58 because it is circulated. Let&#039;s say in AU-58 this coin is valued at $80.</p><p>&nbsp;</p><p>The AU-58 coin is much more attractive than its MS-60 counterpart and, even though it is circulated, will sell for more than the beat up MS-60. Let&#039;s say the grader thinks the AU-58 coin will sell for $120, which happens to be the value of this coin in MS-62. He will therefore grade the coin at MS-62 because that is the grade that represents its <u>value in the market</u>.</p><p>&nbsp;</p><p>I have a lot of trouble with Market Grading. I am an engineer. To me 2 + 2 = 4. Uncirculated means no circulation wear. Circulation wear means it is not Uncirculated. I have a hard time giving a CIRCULATED coin an UNCIRCULATED grade. It just does not add up to me.[/QUOTE]</p><p><br /></p>

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