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When did the Sheldon Scale become the official industry standard?
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<p>[QUOTE="Conder101, post: 874108, member: 66"]True, but trying to come up with real standards for eleven different levels of a grade whose major distiction it that it has no wear. The only thing s you can use to try and establish standards for those eleven levels (eighteen now that we have the Plus) is by quality of strike and the number, size, and placement of contact marks. I see no way to quantify marks since they can come in any size, or number and their placement on the coin also affects the grade as well and then if you could develop standards for marks you can then have all different levels of sharpness of strike for all those mark standards. I just don't see how you can actually write out distinct standards for the VERY subjective determination of the eleven (eighteen) levels of MS.</p><p><br /></p><p><br /></p><p>Are the percentages in the early years roughly the same as the percentages in the late years? I ask because this is what tripped up Sheldon. Over a 25 to 30 year period he found that the percentage between held constant and he thought he had discovered a way to establish the prices of early large cents. All you had to do was determine the price for the lowest grade and the percentages would take care of pricing all the rest of the grades. The problem was that later as collecting became more popular the growing number of collectors naturally chased the better grades more heavily than the lower grades. The extra demand for the smaller population of better grade coins caused them to rise in price faster and it screwed up the percentages.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 874108, member: 66"]True, but trying to come up with real standards for eleven different levels of a grade whose major distiction it that it has no wear. The only thing s you can use to try and establish standards for those eleven levels (eighteen now that we have the Plus) is by quality of strike and the number, size, and placement of contact marks. I see no way to quantify marks since they can come in any size, or number and their placement on the coin also affects the grade as well and then if you could develop standards for marks you can then have all different levels of sharpness of strike for all those mark standards. I just don't see how you can actually write out distinct standards for the VERY subjective determination of the eleven (eighteen) levels of MS. Are the percentages in the early years roughly the same as the percentages in the late years? I ask because this is what tripped up Sheldon. Over a 25 to 30 year period he found that the percentage between held constant and he thought he had discovered a way to establish the prices of early large cents. All you had to do was determine the price for the lowest grade and the percentages would take care of pricing all the rest of the grades. The problem was that later as collecting became more popular the growing number of collectors naturally chased the better grades more heavily than the lower grades. The extra demand for the smaller population of better grade coins caused them to rise in price faster and it screwed up the percentages.[/QUOTE]
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When did the Sheldon Scale become the official industry standard?
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