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PCGS guidelines for eye appeal.

lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭
I just stumbled across this page.

Now, I give our sponsors full credit for giving this a go, and I do think it is very well written and presented.

However, I'm not so sure I'm on board with any attempts to quantify something so subjective as eye appeal. (To be fair, though, I guess maybe they aren't really attempting that- they did use the word "guidelines" in the title, after all.)

I just found it rather interesting. The first coin, the rainbow Morgan under the "AMAZING" category, is indeed an interesting and I'm sure appealing coin... but it's not really my cuppa tea.

The first coin under the "POSITIVE" category (another toner Morgan) has obvious fingerprints over a good portion of its obverse. The toning doesn't compensate for that, in my humble opinion, and the bag toning pattern on it is again... interesting, but not my cuppa tea. (BUT, I really do find the reverse of that particular coin, with its more symmetrical/peripheral toning pattern, to be very positive. In fact, almost amazing. I love the reverse on that piece.)

Finally, down towards the bottom, we've got "NEGATIVE", but I do not find the looks of the commems in that category to be that bad at all. I think the Sesquicentennial and the Vermont are definitely "OK" (not great, but acceptable). I find the Lincoln/Illinois to be only the slightest bit negative in eye appeal, and even the woodgrainy toning pattern of the Lynchburg half, while not particularly appealing, has some character.

Then, at the very bottom itself, we have "UGLY". The Peace dollar and the Boone commem there are undeniably that. But hey, that Morgan ain't bad at all, to my way of looking. Looks like it has some semi-prooflike fields beneath the toning, and while the toning pattern ain't all that great, the colors aren't awful.

See what I mean? There's no way to quantify it.

To loosely quote a common turn of phrase:

Opinions are like... (insert word for excretory orifice here). Everybody's got one, and they all stink. image




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Comments

  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    Actually using a 3 digit grade seems to be doing a pretty good job isolating eye appeal (plus) coins. Nothing is perfect, but I seldom see a "plus" coin I don't like. So either I am subjectively on the same page with many of the plus coins, or they are doing something systematically that is repeatable and quantifiable. My money is on the latter.
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Wow! Great read, I learned alot. Thanks for posting the link Lord M.image


  • << <i>Wow! Great read, I learned alot. Thanks for posting the link Lord M.image >>



    image
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  • lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭
    Well, thank you for reading, and thank you to our sponsors for making an admirable and well-meaning (if futile) attempt at quantifying the whole eye appeal thing. (At least they know we're reading, right?)

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  • Opinions are like... (insert word for excretory orifice here). Everybody's got one, and they all stink.

    My wife's cooking?
  • I think some of the lesser rated commems are somewhat commonly seen and I don't mind them. I am pretty much in agreement with their examples. The one you think is fingerprints sort of looks like fabric toning to me and I don't like the Ugly Morgan. So there is my stinky opinion. image
  • lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭
    Textile toning and not fingerprints, huh? Hmm. Y'know, you could be right on that score.

    But textile toning is not my cuppa tea, either, so there. Nyah nyah. image

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  • Thanks LM.
    "Eye Appeal is one component of grade. For coins grading above MS/PR 60, eye appeal is one of the four components of grade."

    "For Mint State and Proof coins, the three factors comprising a coin's "technical grade" are:..."

    Three? Four?
    I think this a bad move, and will muddy and already messy field. "Note on toning: splotchy toning and/or deeply embedded toning is never positive no matter how "original."" - really? Some negatives are nicer than the Neutrals and below Averages, and the Amazing is not...amazing. I also think not enough time went into this terminology. It lacks something. I like 1/3 of the "ugly" as well.

    "...they are doing something systematically that is repeatable and quantifiable. My money is on the latter." AMRC - You are not alone.

    Eric
  • thisnamztakenthisnamztaken Posts: 4,101 ✭✭✭✭✭
    I tend to agree with most of their descriptions of those examples except, for my taste, that Morgan reverse listed under "above average" should be under neg. or ugly. But others may like it because definitions of toning and eye appeal are quite subjective.
    I never thought that growing old would happen so fast.
    - Jim
  • Lord M is right. Eye appeal is subjective. What PCGS is doing is market grading. They should be just grading technically and the market ( or individuals) decide whether or not they like a coin and the "value" adjusts itself accordingly. Think about it. Years ago toning was not popular so if PCGS had been around then a lot of the coins would have different "grades" on them then they do now. Thats why market grading is no good.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I find it interesting that there are no 'as minted', blast white coins included in the eye appeal review. This makes such information not only less than credible (on a subject that is more personal than measurable), but biased as well. Yes, they are opinions, and many will differ. However, if offering opinions, it should at least be made clear that judgement is purely subjective. I know from postings and PM's that many are not attracted by tarnish on coins and if the lack of this surface damage is detrimental to the assigned grade, then we have one more point of encouragement to the tarnish doctors. Set a standard (no matter how irrelevant or mushy) and a segment of the hobby will supply product that will draw the profit. Cheers, RickO
  • maybe you hit a homerun ............

    PCGS could grade the coin like they have always done , and then add a three digit modifier reflecting eye appeal !
  • lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭


    << <i>PCGS could grade the coin like they have always done , and then add a three digit modifier reflecting eye appeal ! >>



    Three-digit, twelve-digit, sixteen-digit with pluses and stars and asterisks and cherries and watermelons- it wouldn't matter.

    "Eye appeal" will never be exactly the same thing to two different people, and trying to quantify it is (in my still-stinky but increasingly entrenched opinion) rather silly.

    (I will add that I'm not entirely against such an idea, though. Just let it be declared that I would always be taking the proposed modifier with a healthy-sized grain of salt. A chunk of salt the size of the iceberg that sank the Titanic.)

    I suppose you could rule by committee to try and get a consensus, and you could then call the resulting majority opinion an "eye appeal rating". I guess that sort of follows along the central idea that was the bedrock upon which the TPG phenomenon rests in the first place. Which has its value, too, don't get me wrong.

    But when push comes to shove, whose opinion will count the most in deciding the eye appeal of a coin I am about to purchase?

    I'll give you a short answer: me, and only me.

    Do I care about what some other party or some committee has decided about the eye appeal of my prospective purchase? Maybe. Yes. But in only in a marginal way. When I'M buying something for my collection, my OWN opinion outweighs that of rest of the entire numismatic world.

    Seems like that should be obvious, but sometimes it appears to be becoming less and less so these days. We're handing over the grading of our coins to third parties and I'm fine with that. Then some of us are soliciting the opinion of a second third party to render a judgment on the grades rendered by the first third party. Hey, whatever floats your boat, but stickers make me snicker a little. What's next? Will a committee be telling us what is beautiful and what isn't?

    Not me, they won't.

    Hey, folks, I have a lot of respect for TPGs and the role they play in the marketplace. I'll take dainty sips of the Kool-Aid. But I ain't gonna guzzle it. I reserve the right to remain an independent, free thinker.

    Even if I'm wrong some of the time. image


    (Edited for sentence repair. When I really get up a good steam typin', I sometimes skip entire words.)

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  • cheezhedcheezhed Posts: 5,957 ✭✭✭✭✭
    There is a section on eye appeal and PCGS guidelines in Scott Travers' book.
    Many happy BST transactions
  • WhitWhit Posts: 343 ✭✭✭
    I, too, thank Lord Marcovan very much for an interesting post. His comments in his first and last posts in particular are, to me, right on the money. I also agree with golfer72 regarding the superiority of technical grading. Although I personally agree with the rankings of the coins pictured in the Guidelines for Eye Appeal, market grading has always struck me as more of a business model than a service to the principles of transparency and objectivity in grading. But at the same time, I do not dismiss the fact that (most) TPGs are for-profit enterprises, in some cases responsible to shareholders. (ANA is not for profit, correct?) I wonder how a for-profit, technical grading TPG would fare if staffed with the expertise of today's major TPGs.

    Whit
    Whit
  • Well this page is not very new. And I can't share much except all my coins fall under the ugly category.

    Take a look (in my sig) image
  • I, too, thank Lord Marcovan very much for an interesting post. His comments in his first and last posts in particular are, to me, right on the money.

    I three image



    we differ on the Kool-aid though ; I will guzzle that stuff until my stomach explodes !
  • lordmarcovanlordmarcovan Posts: 43,673 ✭✭✭✭✭


    << <i>Well this page is not very new. And I can't share much except all my coins fall under the ugly category.

    Take a look (in my sig) image >>



    Man, whattheheck you talkin' about? I looked at your sigline links. Didn't see no dang uglies in there. You must have a pretty wide definition.

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • he's using reverse psychology on us !

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