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<p>[QUOTE="kaparthy, post: 1020537, member: 57463"]<b>70 Reasons Why the Market is Always Right</b></p><p><br /></p><p>Before you reply, read the original post.</p><p><br /></p><p><br /></p><p><br /></p><p>Unless DavidWillson is Hobo, there is an echo in here.</p><p><br /></p><p><br /></p><p>True, and also addressed by GDJMSP who cited the year in which the Red Book appended numbers to the adjectives, 1977. However, I believe that the editors were only acknowledging the change, not making the trend. </p><p><br /></p><p><br /></p><p><br /></p><p>The problems are many and in a different online forum, I posted on "The Evil That Men Do" including Sheldon and Breen, and Frossard and the Chapmans, Thomas Elder and Farran Zerbe, and in that someone else dropped the name "Hall." Idols have feet of clay. That said, Walter Breen's flaws may or may not have much to do with his numismatic acumen. However, Sheldon's stealing coins from the ANS and others is not the problem. <b>The problem is that the 70-point scale is to coins what Sheldon's somatotypes were to people: junk science; pseudo-science; quackery. </b></p><p><br /></p><p>A general adjectival description may be no better or worse. Buyer and seller need to trust each other. Absent that, numbers and words are irrelevant. ANA Grading and Brown & Dunn were joined by a PCGS book that is free online. "Three letters in LIBERTY" sounds like a standard, but that could be one for L half each for R and T and a lot of fractions for the others, all to make three. (Read the standards.) Nonetheless, for over 100 years from the mid-1800s to the 1970s, people bought and sold coins at a distance (via mail order) with overwhelmng success, many more commercial consumations than annulments. Thus, I have to disagree with Owle.</p><p><br /></p><p>I believe that everyone has the ability to make a judgment on a collectable coin, stock certificate, Hot Wheels, or barbed wire (yes, it is collectible), just as they do about picking which gas station to pull into. </p><p><br /></p><p>Myself, I think the 70-point scale is silly. Some people argue about 64 and 65 and 67 and 68 only because of the large dollar values that the better grades bring. No one cares if your Franklin Half is a VF-21. But we could. Same day, we may. In fact, it is easy to predict that we will, perhaps in the next generation. My thoughts and feeling about the silliness of the Sheldon scale will not change anyone's opinion. So, I accept it for what it is.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 1020537, member: 57463"][b]70 Reasons Why the Market is Always Right[/b] Before you reply, read the original post. Unless DavidWillson is Hobo, there is an echo in here. True, and also addressed by GDJMSP who cited the year in which the Red Book appended numbers to the adjectives, 1977. However, I believe that the editors were only acknowledging the change, not making the trend. The problems are many and in a different online forum, I posted on "The Evil That Men Do" including Sheldon and Breen, and Frossard and the Chapmans, Thomas Elder and Farran Zerbe, and in that someone else dropped the name "Hall." Idols have feet of clay. That said, Walter Breen's flaws may or may not have much to do with his numismatic acumen. However, Sheldon's stealing coins from the ANS and others is not the problem. [B]The problem is that the 70-point scale is to coins what Sheldon's somatotypes were to people: junk science; pseudo-science; quackery. [/B] A general adjectival description may be no better or worse. Buyer and seller need to trust each other. Absent that, numbers and words are irrelevant. ANA Grading and Brown & Dunn were joined by a PCGS book that is free online. "Three letters in LIBERTY" sounds like a standard, but that could be one for L half each for R and T and a lot of fractions for the others, all to make three. (Read the standards.) Nonetheless, for over 100 years from the mid-1800s to the 1970s, people bought and sold coins at a distance (via mail order) with overwhelmng success, many more commercial consumations than annulments. Thus, I have to disagree with Owle. I believe that everyone has the ability to make a judgment on a collectable coin, stock certificate, Hot Wheels, or barbed wire (yes, it is collectible), just as they do about picking which gas station to pull into. Myself, I think the 70-point scale is silly. Some people argue about 64 and 65 and 67 and 68 only because of the large dollar values that the better grades bring. No one cares if your Franklin Half is a VF-21. But we could. Same day, we may. In fact, it is easy to predict that we will, perhaps in the next generation. My thoughts and feeling about the silliness of the Sheldon scale will not change anyone's opinion. So, I accept it for what it is.[/QUOTE]
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