Why is preservation of detail King in coin collecting?
This has always bugged me.
Who decided that the amount of wear a coin has trumps everything else when it comes to value? I can have an utterly perfect XF classic coin, originally toned and mark-free, but it will always be valued lower than a crummy, barely gradable AU. Forget the fact that it's 10 times as rare as the AU looking as it does. Maybe bid + 20%, if someone is being generous.
Was there ever a time when "wear" was not the most important attribute in determining a coin's relative price to its peers? And, would anyone accept a grading standard that ranked a perfect XF over a garbage AU in a census? Curious what you guys think.
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