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Thread ATS about "rampant gradeflation"
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<p>[QUOTE="Jaelus, post: 2093511, member: 46237"]I get what you're saying, but in reality, does a light cabinet rub <i>really</i> have that much of an impact on the state of preservation of the design? I'm sure you've seen an AU58 with rub so light you really had to search for it and a reverse that was perfectly uncirculated. No matter how light and insignificant the wear, or how incredible the eye appeal is on the coin, it can <i>never</i> get higher than AU58, even if it is otherwise an MS70 with just the slightest rub. Likewise, no matter how marked and unappealing an uncirculated coin is, it can <i>never</i> get lower than MS60. Of course this brings into consideration the flip side of an AU64, the uncirculated problem free coin that is so unattractive that they have to give it a details grade just because it doesn't fit in with having to give it a grade no lower than 60 because it's <i>technically</i> uncirculated.</p><p><br /></p><p>If the intent of market grading is to indicate an adjusted grade based on the condition of the coin and eye appeal that is closer to the market value of the coin, then that is working at crossed purposes with the hard delineation between AU and MS, which is really only relevant to a technical grade. TPGs would be better off dropping the circulated/uncirculated concept and letting AU64s rise into the 60s and unattractive but yet uncirculated coins drop into the 50s.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 2093511, member: 46237"]I get what you're saying, but in reality, does a light cabinet rub [I]really[/I] have that much of an impact on the state of preservation of the design? I'm sure you've seen an AU58 with rub so light you really had to search for it and a reverse that was perfectly uncirculated. No matter how light and insignificant the wear, or how incredible the eye appeal is on the coin, it can [I]never[/I] get higher than AU58, even if it is otherwise an MS70 with just the slightest rub. Likewise, no matter how marked and unappealing an uncirculated coin is, it can [I]never[/I] get lower than MS60. Of course this brings into consideration the flip side of an AU64, the uncirculated problem free coin that is so unattractive that they have to give it a details grade just because it doesn't fit in with having to give it a grade no lower than 60 because it's [I]technically[/I] uncirculated. If the intent of market grading is to indicate an adjusted grade based on the condition of the coin and eye appeal that is closer to the market value of the coin, then that is working at crossed purposes with the hard delineation between AU and MS, which is really only relevant to a technical grade. TPGs would be better off dropping the circulated/uncirculated concept and letting AU64s rise into the 60s and unattractive but yet uncirculated coins drop into the 50s.[/QUOTE]
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