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<p>[QUOTE="19Lyds, post: 1442421, member: 15929"]Read PCGS's Grading Standards.</p><p><br /></p><p><a href="http://www.pcgs.com/grades.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/grades.html" rel="nofollow">http://www.pcgs.com/grades.html</a></p><p><br /></p><p>Read them carefully and take note that only "generailzed" terms are used. Interpretive terms if you will.</p><p>For example:</p><p><br /></p><p><b>MS64</b> - <i>Few marks</i>/hairlines or a couple of severe ones, strike should be average or above</p><p><b>MS65</b> - <i>Minor marks</i>/hairlines though none in focal areas, above average strike</p><p><br /></p><p>Technically - Define an "absolute" difference between the two grades.</p><p>Whats the technical doifference between "few" and "minor"? The only absolute difference that I can see is "none in focal areas" although even that is an interpretive phrase in that different folks focus on differen parts of coins. Some focus on cheeks while other focus on fields.</p><p><br /></p><p>What about:</p><p><br /></p><p><b>MS65</b> - <i>Minor marks</i>/hairlines though none in focal areas, <i>above average strike</i></p><p><i></i><b>MS66</b> - <i>Few minor marks</i>/hairlines not in focal areas, <i>good strike</i></p><p><i><br /></i></p><p>Again, few vs minor but there's also a trade off. Above Average Strike for the 65 but only a "good" strike for the 66? Average or above average strike for a 64 but only a <i>good</i> strike for a 66?</p><p><br /></p><p><br /></p><p>Grading has ALWAYS been about the market and what folks will pay. The Sheldon scale, which is the basis for the numerical grades, was based upon that fact that someone, in theory, would pay 70 times the amount for the same coin in basal state. (MS70 vs P01)</p><p><br /></p><p>Has grading changed? Sure. But, I believe that its changed because more coins have been graded and coins themselves have changed. How could you possible relate a low profile modern Lincoln as an MS66 against a high profile classic Lincoln design in MS66?</p><p><br /></p><p><br /></p><p>Those coins that were 66's 10 years ago are quite possibly 67's by todays acceptible grading scale because that scale has a built in flexibility called .................the market place.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1442421, member: 15929"]Read PCGS's Grading Standards. [URL]http://www.pcgs.com/grades.html[/URL] Read them carefully and take note that only "generailzed" terms are used. Interpretive terms if you will. For example: [B]MS64[/B] - [I]Few marks[/I]/hairlines or a couple of severe ones, strike should be average or above [B]MS65[/B] - [I]Minor marks[/I]/hairlines though none in focal areas, above average strike Technically - Define an "absolute" difference between the two grades. Whats the technical doifference between "few" and "minor"? The only absolute difference that I can see is "none in focal areas" although even that is an interpretive phrase in that different folks focus on differen parts of coins. Some focus on cheeks while other focus on fields. What about: [B]MS65[/B] - [I]Minor marks[/I]/hairlines though none in focal areas, [I]above average strike [/I][B]MS66[/B] - [I]Few minor marks[/I]/hairlines not in focal areas, [I]good strike [/I] Again, few vs minor but there's also a trade off. Above Average Strike for the 65 but only a "good" strike for the 66? Average or above average strike for a 64 but only a [I]good[/I] strike for a 66? Grading has ALWAYS been about the market and what folks will pay. The Sheldon scale, which is the basis for the numerical grades, was based upon that fact that someone, in theory, would pay 70 times the amount for the same coin in basal state. (MS70 vs P01) Has grading changed? Sure. But, I believe that its changed because more coins have been graded and coins themselves have changed. How could you possible relate a low profile modern Lincoln as an MS66 against a high profile classic Lincoln design in MS66? Those coins that were 66's 10 years ago are quite possibly 67's by todays acceptible grading scale because that scale has a built in flexibility called .................the market place.[/QUOTE]
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