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Thread ATS about "rampant gradeflation"
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<p>[QUOTE="Jaelus, post: 2088691, member: 46237"]Equal how? Value? Aesthetics? One cannot absolutely say that a coin struck with flawed dies is not the equal of a coin struck with unflawed dies. Aesthetics are subjective and value is driven by scarcity and demand.</p><p><br /></p><p>In bust quarters there are varieties with perfect, early (near perfect), late (flawed), and terminal (highly flawed) die states where the perfect and terminal die states are <i>both</i> worth more, despite the terminal die states being shattered, pitted, and/or with select areas of extreme weakness. This is entirely due to the scarcity of perfect and terminal die state examples. As for aesthetics, there are plenty of collectors who prefer one over the other or who desire examples of both.</p><p><br /></p><p>Regarding a coin's intended appearance I would ask, intended by whom? The engraver may alter the relief or elements of the original design of the artist. The press operator may deliberately increase die spacing to prolong the life of the dies resulting in a weak strike, or they may deliberately employ cracked dies to get more use out of them. These are not mistakes but rather are evidence of the many hands at work in the coining process. A coin's intended appearance will vary and is a combination of these many deliberate elements.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 2088691, member: 46237"]Equal how? Value? Aesthetics? One cannot absolutely say that a coin struck with flawed dies is not the equal of a coin struck with unflawed dies. Aesthetics are subjective and value is driven by scarcity and demand. In bust quarters there are varieties with perfect, early (near perfect), late (flawed), and terminal (highly flawed) die states where the perfect and terminal die states are [I]both[/I] worth more, despite the terminal die states being shattered, pitted, and/or with select areas of extreme weakness. This is entirely due to the scarcity of perfect and terminal die state examples. As for aesthetics, there are plenty of collectors who prefer one over the other or who desire examples of both. Regarding a coin's intended appearance I would ask, intended by whom? The engraver may alter the relief or elements of the original design of the artist. The press operator may deliberately increase die spacing to prolong the life of the dies resulting in a weak strike, or they may deliberately employ cracked dies to get more use out of them. These are not mistakes but rather are evidence of the many hands at work in the coining process. A coin's intended appearance will vary and is a combination of these many deliberate elements.[/QUOTE]
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