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Thread ATS about "rampant gradeflation"
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<p>[QUOTE="GoldFinger1969, post: 2095013, member: 73489"]<b>But how do we know this coin really isn't MS and never circulated, but took a beating in a bag ?</b></p><p><br /></p><p>The left foot, another high area, looks untouched. If this coin circulated, I wouldn't expect it to look so good.</p><p><br /></p><p>Also, if Saints were stacked the left foot would not get wear since it would be up against a concave area on the reverse. However, the upper-torso of Liberty runs smack into high points on the Eagle.</p><p><br /></p><p>So....you would have a soft metal (gold) taking a beating in a bag even if they were carried only 1 time.....and if moved a few times, you multiply the damage....and if the coins are stacked for counting and less-movement reasons, then you have the friction/rub everyone is talking about with certain high-points getting more abuse than others (I'm assuming the Saints were lined up obverse-to-reverse).</p><p><br /></p><p><b><u><span style="color: #b30000">Remember.....gold is soft.....nobody is using $20 Saints to make everyday purchases....the coin collectors of the day (The Rich) are paying guys like Izzy Switt to grab them straight from the press to preserve Proof or MS-70/69 quality...Saints are like $10,000 or $100,000 bills, they are being used to settle accounts between banks and/or global central banks. Nobody but a few dozen coin fanatics is obsessed with microscopically perfect coins (esp. once The Depression hits).</span></u></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 2095013, member: 73489"][B]But how do we know this coin really isn't MS and never circulated, but took a beating in a bag ?[/B] The left foot, another high area, looks untouched. If this coin circulated, I wouldn't expect it to look so good. Also, if Saints were stacked the left foot would not get wear since it would be up against a concave area on the reverse. However, the upper-torso of Liberty runs smack into high points on the Eagle. So....you would have a soft metal (gold) taking a beating in a bag even if they were carried only 1 time.....and if moved a few times, you multiply the damage....and if the coins are stacked for counting and less-movement reasons, then you have the friction/rub everyone is talking about with certain high-points getting more abuse than others (I'm assuming the Saints were lined up obverse-to-reverse). [B][U][COLOR=#b30000]Remember.....gold is soft.....nobody is using $20 Saints to make everyday purchases....the coin collectors of the day (The Rich) are paying guys like Izzy Switt to grab them straight from the press to preserve Proof or MS-70/69 quality...Saints are like $10,000 or $100,000 bills, they are being used to settle accounts between banks and/or global central banks. Nobody but a few dozen coin fanatics is obsessed with microscopically perfect coins (esp. once The Depression hits).[/COLOR][/U][/B][/QUOTE]
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