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<p>[QUOTE="dannic113, post: 1442431, member: 35203"]I personally think the TPG's are both technical and market graders and dealers with raw coins do more straight market grading. Here's why...</p><p>Technical grading as I understand the definition has always been precise,detailed, to the letter grading. Market grading deals in wide range generalities (UNC, Circulated, Gem, Choice UNC, Proof,XF, F etc.) and eye appeal to sell the buyer on the coin. For example a dealer has a Unc obv. and AU rev. coin he market grades it as a low end Unc. or "slider" to maximize profits from it. A grading company will say net grade of the two sides and the coin gets an AU grade. Thus elminating the possibility of someone paying UNC price. Example two most dealers deal in absolutes. The coin is UNC or circulated. Many can't and most won't spend the time trying to decifer a MS67 from a MS68 or a Red from a red-brown. Dealing with circulated that have set wear points and patterns that can easily be follow/identified however even here most dealers won't say XF-35,40 or 45 it's straight XF only. Grading services whether right or wrong in grading do the exact detail grading of both unc and circ. Next point that ties into the previous point is all dealers have a cheat sheet system when it comes to grades. They know that all "new modern" (1975-2012) coinage the average grade to come out is PF69 and MS64/65, MS62/63 for roll issue. When the newest minting technology came to be with quality control getting tougher and tougher. "Modern" coinage (1950-1974) was the next best technology mixed with a newly invented idea of quality control. Average grade PF63, MS63 with roll issue being so low it's just an unc. All groups of coins are priced accordingly. Anything before 1950 mostly gets sold UNC (MS60) or circ. unless it's an expensive coin that could bring big premium in MS64 or higher vs. MS62 or 63. That's the only time a dealer will do the extra work for an exact MS grade. Morgans, halves, rare in MS and type coins come to mind. TPG's do any and all coins to exact technical grade detail. That being said I do agree that TPG's do market grade but only when you get into those coins that are rare in MS or even in high grade that they don't have experience dealing with or grading them or there aren't enought examples and known about the coins to compare them to. How many MS 66 red 1909 VDB-S's has anyone seen, graded or compared? How many 16-D merc dimes in MS63 or 62 even? I also think TPG's market grade when you start getting into subjective portions of grading such as +/- for eye appeal, star designations for toning, SP's, vapor finishes on 5oz coins. Things of that nature. That's my take on it.[/QUOTE]</p><p><br /></p>
[QUOTE="dannic113, post: 1442431, member: 35203"]I personally think the TPG's are both technical and market graders and dealers with raw coins do more straight market grading. Here's why... Technical grading as I understand the definition has always been precise,detailed, to the letter grading. Market grading deals in wide range generalities (UNC, Circulated, Gem, Choice UNC, Proof,XF, F etc.) and eye appeal to sell the buyer on the coin. For example a dealer has a Unc obv. and AU rev. coin he market grades it as a low end Unc. or "slider" to maximize profits from it. A grading company will say net grade of the two sides and the coin gets an AU grade. Thus elminating the possibility of someone paying UNC price. Example two most dealers deal in absolutes. The coin is UNC or circulated. Many can't and most won't spend the time trying to decifer a MS67 from a MS68 or a Red from a red-brown. Dealing with circulated that have set wear points and patterns that can easily be follow/identified however even here most dealers won't say XF-35,40 or 45 it's straight XF only. Grading services whether right or wrong in grading do the exact detail grading of both unc and circ. Next point that ties into the previous point is all dealers have a cheat sheet system when it comes to grades. They know that all "new modern" (1975-2012) coinage the average grade to come out is PF69 and MS64/65, MS62/63 for roll issue. When the newest minting technology came to be with quality control getting tougher and tougher. "Modern" coinage (1950-1974) was the next best technology mixed with a newly invented idea of quality control. Average grade PF63, MS63 with roll issue being so low it's just an unc. All groups of coins are priced accordingly. Anything before 1950 mostly gets sold UNC (MS60) or circ. unless it's an expensive coin that could bring big premium in MS64 or higher vs. MS62 or 63. That's the only time a dealer will do the extra work for an exact MS grade. Morgans, halves, rare in MS and type coins come to mind. TPG's do any and all coins to exact technical grade detail. That being said I do agree that TPG's do market grade but only when you get into those coins that are rare in MS or even in high grade that they don't have experience dealing with or grading them or there aren't enought examples and known about the coins to compare them to. How many MS 66 red 1909 VDB-S's has anyone seen, graded or compared? How many 16-D merc dimes in MS63 or 62 even? I also think TPG's market grade when you start getting into subjective portions of grading such as +/- for eye appeal, star designations for toning, SP's, vapor finishes on 5oz coins. Things of that nature. That's my take on it.[/QUOTE]
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