In the ANA grading standards, a G grade on the obverse is described as "Rim is visible." Does that mean full rim? On the reverse, the "rim is flat in spots." Are you saying slabbed mercury 16-D dimes are for the most part NOT properly graded? This is new information to know ... Yes, I know about "buying the coin and not the slab," but I thought PCGS, NGC and ANACs have pretty stricit grading standards. Now I am hearing the grading companies generally grade one level higher than what it is. This is getting scary.
dimedude - What conder is referring to is that over the years the grading standards have changed - and they have. And yes that includes the standards used by NGC, PCGS, ANACS and ICG. Too some degree, even the ANA grading standards have changed recently and they changed rather dramatically some years ago. That's why many who have been collecting for 30, 40 even 50 yrs don't have much confidence in the grading companies for they learned how to grade under a different set of standards. But once you learn how to grade by all of the standards - old and new alike - then you will always know exactly what you are buying. That's why in my opinion it is so important to keep up with the grading standards being used in the marketplace today. And it is just as important to learn those standards that will be used tomorrow. At least until collectors everywhere get sick of the idea and DEMAND an unchanging & universal set of grading standards - for everyone.
No - it means that even though the rim is heavily worn - it is still visible. Flat means that the rim has merged with the fields of the coin and the rim is not visible in spots.
One dealer I know was telling me he once bought a raw 16D Merc from a guy he knew for many, many years. He sent it in for grading and it came back counterfeit. That's when he found out that he really didn't know that guy that sold it to him well enough to know his complete name, address, phone number or actually not much at all. It was a guy that just kept coming to his place, bought some minor things, talked alot and left. Now when he would like to see that guy to get his money back the guy never showed up again. I would never buy a valuable coin unless it was slabbed. Especially coins that are know for being cointerfeited such as the 16D Merc, 09S VDB Lincoln, 55DD Lincoln, etc. Now as to this show at the Rosemont on the 25th someone mentioned. Didn't see that one advertised this year yet. Did I miss something? 25th of what Month? Last year the show at the Rosemont had well over 500 dealers, Closer to 600 I think. However, being a coin show person I talked to some of the dealers I know and like they said, the prices of the talbles are really high so their coin prises will reflect that cost. Then there is the $11 to park and the $5 to get in if it is the same as last years show. I left without buying anything. I did however, pick up copies of many coin magazines, newsleters, miscellaneous documents that were all free at the front table. In the Chicago area there are several much smaller coin shows that are free to get in, free to park and the prices of the coins reflect that. However, if there is ever a coin show to go to just to look, wish, learn, etc. it is the Rosemont once a year spectacular.
Just Carl. I learned a heckuva lot about coin collecting from that show in Rosemont. I saw how dealers work amongst themselves,what grading services they approve (pretty much PCGS and NGC), and other stuff. It was an interesting show, but I would not go there annually. As a collector and not a dealer, I was treated like a second class citizen at many of the tables. Maybe it was because huge transactions amongst dealers were happening in the tens of thousands, and they did care about my multi-hundred dolar purchase.