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What style of grading for technical AU58 coins would you prefer from the TPGs?
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<p>[QUOTE="Jaelus, post: 7865356, member: 46237"]Yeah I've heard that before. These two coins are both 58s so they're the same quality, it's just that this one is MUCH nicer than the other one...</p><p><br /></p><p><br /></p><p><br /></p><p>You're missing a few points here. First, we're talking about virtually uncirculated coins. It's not even possible for them to grade higher than a 67, and the lion share won't reach anywhere close to that. Most would fall 64 or under and they would still be clearly designated as AU in my system (though I prefer VU for virtually uncirculated). And while you talk of flooding the market with these coins in higher grades, what exactly do you think is happening right now? These are the coins already being market graded as MS, and unlike in my proposed system, these are <i>actually being deceptively labeled as mint state right now</i>. The market is flooded with incorrectly labeled AUs that throw off the census data and disrespect collectors who have truly rare BU mint state coins where higher grades are an extreme condition rarity, but there are a lot of market graded AUs.</p><p><br /></p><p>Take a look at Saints for example. It's impossible to know from the census data the true rarity of actual MS coins without high point wear, since so many graded MS are AUs. That doesn't happen in my system. If you have a Q65 MS you know it is a mint state coin and not a market graded AU. It would be more desirable for those with real mint state coins. Those with a Q65 AU would have a coin that likely upgraded from AU58 or lower market graded MS, but now it would have a quality grade commensurate with superior eye appeal for an AU. I could see people even building sets of high grade AUs because they would be rare, just like how people do lowball sets now. A Q66/67 AU set would be an extreme challenge.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 7865356, member: 46237"]Yeah I've heard that before. These two coins are both 58s so they're the same quality, it's just that this one is MUCH nicer than the other one... You're missing a few points here. First, we're talking about virtually uncirculated coins. It's not even possible for them to grade higher than a 67, and the lion share won't reach anywhere close to that. Most would fall 64 or under and they would still be clearly designated as AU in my system (though I prefer VU for virtually uncirculated). And while you talk of flooding the market with these coins in higher grades, what exactly do you think is happening right now? These are the coins already being market graded as MS, and unlike in my proposed system, these are [I]actually being deceptively labeled as mint state right now[/I]. The market is flooded with incorrectly labeled AUs that throw off the census data and disrespect collectors who have truly rare BU mint state coins where higher grades are an extreme condition rarity, but there are a lot of market graded AUs. Take a look at Saints for example. It's impossible to know from the census data the true rarity of actual MS coins without high point wear, since so many graded MS are AUs. That doesn't happen in my system. If you have a Q65 MS you know it is a mint state coin and not a market graded AU. It would be more desirable for those with real mint state coins. Those with a Q65 AU would have a coin that likely upgraded from AU58 or lower market graded MS, but now it would have a quality grade commensurate with superior eye appeal for an AU. I could see people even building sets of high grade AUs because they would be rare, just like how people do lowball sets now. A Q66/67 AU set would be an extreme challenge.[/QUOTE]
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What style of grading for technical AU58 coins would you prefer from the TPGs?
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