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Thoughts on cabinet friction from a professional grader.
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<p>[QUOTE="Lehigh96, post: 3504544, member: 15309"]If you know and agree with the assigned grade of a 20th Century coin, finding both price guide info and previous auction prices realized online is so easy that it shouldn’t take more than 5-10 minutes to come up with a valuation for the coin.</p><p><br /></p><p>Finding values for early American coinage might take longer due to variety attributions and lower populations and auction results, but it still shouldn’t take hours.</p><p><br /></p><p>Just because that’s how you do it, doesn’t mean that you are right and everyone else is wrong. The convenience that you seem to abhor, is a product of the system. Coins are graded on a numerical scale based on quality and each coin in each grade generates a price guide value based on historical sales data. What this has to due with laziness is beyond me, the convenience is a byproduct of the grading system and should be celebrated as a virtue rather than criticized as laziness. Now if either a collector or dealer becomes a slave to those price guides which really only provide a baseline starting point, then you can criticize them for laziness. For example, show me a collector who says “I never pay higher than greysheet for my coins” and I will show you a guy with a subpar collection.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 3504544, member: 15309"]If you know and agree with the assigned grade of a 20th Century coin, finding both price guide info and previous auction prices realized online is so easy that it shouldn’t take more than 5-10 minutes to come up with a valuation for the coin. Finding values for early American coinage might take longer due to variety attributions and lower populations and auction results, but it still shouldn’t take hours. Just because that’s how you do it, doesn’t mean that you are right and everyone else is wrong. The convenience that you seem to abhor, is a product of the system. Coins are graded on a numerical scale based on quality and each coin in each grade generates a price guide value based on historical sales data. What this has to due with laziness is beyond me, the convenience is a byproduct of the grading system and should be celebrated as a virtue rather than criticized as laziness. Now if either a collector or dealer becomes a slave to those price guides which really only provide a baseline starting point, then you can criticize them for laziness. For example, show me a collector who says “I never pay higher than greysheet for my coins” and I will show you a guy with a subpar collection.[/QUOTE]
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