Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
WoW!!! Would you pay this much for a Memorial????
>
Reply to Thread
Message:
<p>[QUOTE="cladking, post: 362120, member: 68"]I thought we were in agreement that grading as practiced now is mere pricing. </p><p><br /></p><p>This is the main reason people submit; so they can just look at a sheet and see what their coin is worth. Once it's blessed and priced by a service it is not only genuine and fairly stable but everyone will agree that the base price can be found in the CDN. </p><p><br /></p><p>Of course this system doesn't work extremely well. It can't work extremely well because two people aren't looking for the same thing in their coins. Bust collectors tend to prize pristine surfaces over almost everything else. If they can see nice cartwheel then they simply don't even see that the die was eroded beyond serviceability. Buffalo collectors tend to value strike. If they can see a sharp horn, tail, and braids then they might not notice the planchet scratching or the gouge in the field. </p><p><br /></p><p>Say what you will but market grading is pricing and a couple of the principles have said as much. Sure they try to have a standard and stick to it but the simple fact is that coins are not run off cookie cutter style when any two alike. They start off very different and the longer they exist the more different they get because of enviromental factors. True grading would involve specifying what attributes the coin actually possesses and quantifying each of those aspects. Anyone with a few minutes training would be able to look at the grade and have a very accurate mental picture of the coin. But then even experts would have little idea of its value in many cases. </p><p><br /></p><p>Since pricing can't work then it seems only logical to switch to grading. Then we'd know if the '79 cent is a 67/ 67/ 68/ 66 or a 68/ 67/ 67/ 66 (or whatever). Each individual bidding on it would know exactly what it looks like instead of what the services think it will trade at.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 362120, member: 68"]I thought we were in agreement that grading as practiced now is mere pricing. This is the main reason people submit; so they can just look at a sheet and see what their coin is worth. Once it's blessed and priced by a service it is not only genuine and fairly stable but everyone will agree that the base price can be found in the CDN. Of course this system doesn't work extremely well. It can't work extremely well because two people aren't looking for the same thing in their coins. Bust collectors tend to prize pristine surfaces over almost everything else. If they can see nice cartwheel then they simply don't even see that the die was eroded beyond serviceability. Buffalo collectors tend to value strike. If they can see a sharp horn, tail, and braids then they might not notice the planchet scratching or the gouge in the field. Say what you will but market grading is pricing and a couple of the principles have said as much. Sure they try to have a standard and stick to it but the simple fact is that coins are not run off cookie cutter style when any two alike. They start off very different and the longer they exist the more different they get because of enviromental factors. True grading would involve specifying what attributes the coin actually possesses and quantifying each of those aspects. Anyone with a few minutes training would be able to look at the grade and have a very accurate mental picture of the coin. But then even experts would have little idea of its value in many cases. Since pricing can't work then it seems only logical to switch to grading. Then we'd know if the '79 cent is a 67/ 67/ 68/ 66 or a 68/ 67/ 67/ 66 (or whatever). Each individual bidding on it would know exactly what it looks like instead of what the services think it will trade at.[/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
>
US Coins Forum
>
WoW!!! Would you pay this much for a Memorial????
>
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...