Thoughts on cabinet friction from a professional grader.

Discussion in 'US Coins Forum' started by TypeCoin971793, Apr 26, 2019.

  1. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

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  3. Kentucky

    Kentucky Supporter! Supporter

    Getting my popcorn...
  4. thomas mozzillo

    thomas mozzillo Well-Known Member

    Going to be an interesting thread. IMO it seems that I have seen the term "cabinet friction" applied to sales of coins that are very expensive and formerly owned by well known Numismatists. (therefore implying it's a uncirculated coin). I'm looking forward for a good education on this topic.
  5. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    And he's correct. It isn't uncirculated. On the other hand, TPGs tend not to grade coins; they price them and as such they go into MS slabs.
    buckeye73, Paul M., wxcoin and 2 others like this.
  6. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I agreed with Okbustchaser, the TPG on a coin that the term "cabinet friction" ( I have only seen it used much is with coins from special sources in sales) turns out to be graded MS. Hopefully someday grading will be done with AI and sensors to be fair for all submissions. IMO, Jim
    TylerH likes this.
  7. Mainebill

    Mainebill Love pretty coins

    Agreed with okbustchaser why Doug always calls so many ms coins technically au. I agree with him at times. There’s a lot of time in gtg threads I want to say au 58 yet I know it’s an ms grade
  8. longnine009

    longnine009 Most Exalted Excellency Supporter

    It is as it looks. The "well actually" stuff as to why it looks that way is irrelevant to me.
    Paul M. likes this.

    GDJMSP Numismatist Moderator

    Not sure if you realize it or not, but for those who are not aware of it, Insider is the one who wrote the article. And it should come as no surprise that I agree with everything he said.

    But I want to explain something else, something that I'm not sure everybody understands. It seems at times as if some think that when it comes to grading there is technical grading and there is market grading. And they are two different things, two different systems. And one is used and the other is not in today's world.

    Well, yes, they are two different systems. BUT - technical grading is still a part of market grading. It is not just thrown out the window and not used, it is still used. But it is used in conjunction with the other aspects of market grading that do not exist in technical grading, aspects like quality of luster, quality of strike, and eye appeal. But aspects like the number of contact marks and their severity and location, hairlines, scratches, and yes even wear, all aspects of technical grading - are still used in market grading.
  10. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    I :hurting::oldman::oldman::smuggrin::nailbiting: did not :singing::singing::yawn::pigeon: recognize :nurse::happy::confused: it without :shifty::singing::grumpy::pompous: all of :playful::android::astronaut::(:grumpy::peeking: The smilies :pompous::pompous::pompous::zombie::headphone::writer::lock::joyful::yuck::greyalien::cigar::hungry::lurking::eek::spam:o_O
    beef1020, Paul M., green18 and 6 others like this.
  11. GDJMSP

    GDJMSP Numismatist Moderator

    :D That will no doubt make his day :)
    Paul M., Kentucky and TypeCoin971793 like this.
  12. Insider

    Insider Talent on loan from...

    :arghh::facepalm: Actually, I had planned to have a lot of fun disagreeing with the writer :yack::vomit: of the OP so we could all sling around our opinions. Although Doug has "outed me," he did a great job explaining things in the "real world." :D
  13. gronnh20

    gronnh20 Well-Known Member

    Only lazy numismatists want technical grading.
  14. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    Only old numismatists REMEMBER technical grading.
    buckeye73, Trimbit, Paul M. and 6 others like this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    Yup. Laziness is the entire reason that I want a number to represent something measurable. :rolleyes:
  16. gronnh20

    gronnh20 Well-Known Member

    See one minute someone is saying buy the coin not the holder, then, buy the label and not the coin. I thought the whole point of the hobby was to hunt for treasures.

    How technical should the grading be? Will the current 70-point scale suffice for technical grading? Who needs CAC after that? Can't wait to argue over which TPG algorithm is the best. Technical grading would certainly begin to drain the swamp creatures from the coin hobby. I could go on. I used the laziness word for reaction. This topic is better to discuss than whether a coin is a 66 or 67, and bashing some TPG. Use your own word for laziness, for the collector who buys strictly by a label or sticker. I think lazy fits.
  17. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Follow the money!!
    Paul M. likes this.
  18. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Or those who want clear standards, especially when the difference of a single point can mean the difference of thousands of dollars.


    The holder drives the price of the coin more than the coin itself, regardless of how much you want to buy the coin over the holder. That’s why it is an issue.
    Kasia likes this.
  19. jtlee321

    jtlee321 Well-Known Member

    He didn't have to out you, I recognized your writing style almost instantly. LOL I would have called you a silly "Wabbit" had you argued against yourself. :p:D
  20. Mainebill

    Mainebill Love pretty coins

    I already knew who you are. Long before Doug said anything
  21. longnine009

    longnine009 Most Exalted Excellency Supporter

    Yup. The subjective is objectively measurable. That must be why coin collectors are such a happy lot when it comes to grading. ;)
    TypeCoin971793 likes this.
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