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<p>[QUOTE=&quot;Insider, post: 3660192, member: 24314&quot;]Lehigh96, continued: </p><p><span style="color: rgb(0, 0, 0)"> </span></p><p><span style="color: rgb(0, 0, 0)"><span style="color: rgb(0, 0, 0)">&quot;This brings us to the crux of this very contentious issue.&nbsp; You consider the application of market grading, on its own, as an attempt to value the coin.&nbsp; I and many others who agree with market grading don&#039;t agree with that assessment at all.&nbsp; [<b><i><span style="color: #b30000">Oh my. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie46" alt=":facepalm:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /> Whether you agree with it or not, the TPGS and every grading instructor or dealer I know will be happy to inform you and your friends that COINS ARE GRADED TO ESTABLISH THEIR VALUE</span></i></b>.] We consider the market grading process a holistic method of grading that accounts for all of the elements that affect the overall value of the coin.&nbsp; The result is that a coin that has MS64 surfaces with premium gem luster and eye appeal due to rainbow toning will receive a higher grade than a lackluster untoned coin with similar MS64 surfaces.&nbsp; We don&#039;t do this backwards by saying, the value is higher, therefore we must give it a higher grade.&nbsp; We simply look at the coin, and recognize that its luster and eye appeal make it a superior coin and it deserves a higher grade.&nbsp; [<i><span style="color: #660066">LOL, there is no such thing as working backwards.&nbsp; it does not matter if the cart is before the horse or not.&nbsp; Knowledgeable folks will arrive at the same grade!&nbsp; That&#039;s why all four major TPGS grade virtually the same.]</span></i> </span></span></p><p><br /></p><p>&quot;I have posted my opinion about the &quot;eye appeal bump&quot; many times on this forum, including earlier in this thread.&nbsp; I think in order to remove the subjectivity of eye appeal, the TPGs should use a formula that ranks the importance of each element of grading, then assign a numerical grade for each of the 4 elements of grading, and let the chips fall where they may.&nbsp; I refer back to the two Morgan Dollars that I posted earlier in this thread (shown below) and have also included the quote from me earlier in this thread that details how I think market grading should be applied mathematically.&quot;</p><p><br /></p><p><i><span style="color: #660066">I think your suggestion will eventually come about in the future.&nbsp; Something like 05408510.</span></i></p><p><br /></p><p><img src="https://i.imgur.com/vhMNcJD.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="https://i.imgur.com/lHcVwIH.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p>&quot;So you see, I am not trying to value the coin either.&nbsp; I simply assign a numerical grade for each element of grading, insert my values into the weighted formula, and accept the result grade that is generated by that formula.</p><p><br /></p><p>And as someone who has collected rainbow toned coins for decades, I can state unequivocally that bumping a rainbow toned coin up one grade more often than not does not correctly value the coin since many rainbow toned coins generate premiums of multiple times the price guide value whereas the grade bump does not.&nbsp; Trying to value grade a toned coin by bumping the grade up one grade is a fools errand, but assigning a higher grade on the basis that the coin is a superior coin compared to other coins of that grade is perfectly reasonable.&quot;</p><p><br /></p><p><i><span style="color: #660066">IMO, it would be more reasonable, simple, PRECISE, and easer to understand if a star was used rather than grading a beautiful MS-65 rainbow Morgan MS-66.</span></i>[/QUOTE]</p><p><br /></p>

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