Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why is there no AU59?
>
Reply to Thread
Message:
<p>[QUOTE="Burton Strauss III, post: 2975196, member: 59677"][USER=15019]@Numismat[/USER] What you're missing is the total move away from technical grading towards market and appearance grading given by what people want to buy ( parenthetical comment; as stupid as that is). We tried this once before when ANA owned ANACS.</p><p><br /></p><p>Recommendations for new grading systems come about every few months. And usually die on the double edged sword of complexity and the fact that people don't really want a more (technically) accurate system. If you're buying the coin you don't really want an MS70 with a few dings - even if it is technically MS70. Come time to sell that same coin and of course it's an MS70 don't you see the label Grade from prestige TPG.</p><p><br /></p><p><br /></p><p>[USER=84413]@Sundance79[/USER] the 70-point scale came from Sheldon's Penny Whimsy... it was price driven for a single variety of large cent. He would probably be greatly surprised to see it applied to everything. The coin in fair condition is worth twice as much as a coin in poor condition. PO1 and FR2. A coin in good condition four times as much and that coin in hypothetically absolute perfect condition 70 times as much.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2975196, member: 59677"][USER=15019]@Numismat[/USER] What you're missing is the total move away from technical grading towards market and appearance grading given by what people want to buy ( parenthetical comment; as stupid as that is). We tried this once before when ANA owned ANACS. Recommendations for new grading systems come about every few months. And usually die on the double edged sword of complexity and the fact that people don't really want a more (technically) accurate system. If you're buying the coin you don't really want an MS70 with a few dings - even if it is technically MS70. Come time to sell that same coin and of course it's an MS70 don't you see the label Grade from prestige TPG. [USER=84413]@Sundance79[/USER] the 70-point scale came from Sheldon's Penny Whimsy... it was price driven for a single variety of large cent. He would probably be greatly surprised to see it applied to everything. The coin in fair condition is worth twice as much as a coin in poor condition. PO1 and FR2. A coin in good condition four times as much and that coin in hypothetically absolute perfect condition 70 times as much.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Why is there no AU59?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...