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Better solution for high point friction vs mint state coin argument

Joey29Joey29 Posts: 458 ✭✭✭
edited October 25, 2021 10:25PM in U.S. Coin Forum

I think that average or net grading is the best solution for mint state coins with slight high point friction. So a coin that would have graded ms 65 or 66 with no wear would be downgraded to ms 64. Or a coin with similar marks and luster that is ms 64 would be graded ms 63 depending on the amount and location of high point wear. So in effect market grading is valuing these coins correctly, as a AU 58 or 59 grade would value these coins too low. Do my fellow collectors agree?

Comments

  • jmlanzafjmlanzaf Posts: 35,331 ✭✭✭✭✭

    Ridiculous. So you could have a 65 that is worn or a 65 that has no wear on it. How would you differentiate?

    If I have a coin the "would be a 68" but has significant wear, can I call it a 63?

  • Walkerguy21DWalkerguy21D Posts: 11,551 ✭✭✭✭✭

    I’m guessing the tpg’s already do this, but limit it to low MS grades. Hence the gray area of coins slabbed 58 to 62.
    Anything higher than 62 better not have any so called stacking rub or album friction, etc.

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  • 291fifth291fifth Posts: 24,461 ✭✭✭✭✭

    Wear is wear. How is one to know where it came from?

    All glory is fleeting.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I would prefer to leave the current system as it is now. Until the advent of true standards (and likely computer AI grading), I feel the status quo should remain. There is already enough debate on grades... making more finite adjustments will just increase dissension. Cheers, RickO

  • Joey29Joey29 Posts: 458 ✭✭✭
    edited October 26, 2021 3:11PM

    @jmlanzaf said:
    Ridiculous. So you could have a 65 that is worn or a 65 that has no wear on it. How would you differentiate?

    If I have a coin the "would be a 68" but has significant wear, can I call it a 63?

    Why ridiculous? I once owned a saint that was graded ms 64 but it was fully lustrous with a full strike and nice surface color except for a trace of high point wear on the knee. Otherwise without the very slight touch of wear it could have graded 65-66. How could it be valued correctly if it was graded AU 58-59. It didn’t have noticeable wear in the fields like almost all AU 58s show. This is market grading which I think the tpg services already use to a certain extent. If it has significant wear it would have to be a 58 not a 68 knocked down to 63.!I I am talking very slight high point friction that is hardly noticeable.

  • CryptoCrypto Posts: 3,740 ✭✭✭✭✭

    All coins are graded ms 70 minus the applicable detriments weighted accordingly. There are different formulas but at the end of the day it is still MS70-X=

    Wear is just one of the more common detriments. Look at bust dollars, the entire grading scale for MS is how much high point wear there is coupled to hits (and their prevalence) like adjustment marks. Toning can be a negative or positive part of the formula

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    @Walkerguy21D said:
    I’m guessing the tpg’s already do this, but limit it to low MS grades. Hence the gray area of coins slabbed 58 to 62.
    Anything higher than 62 better not have any so called stacking rub or album friction, etc.

    Don’t collect much early material, do you?

  • jmlanzafjmlanzaf Posts: 35,331 ✭✭✭✭✭
    edited October 26, 2021 3:34PM

    @Joey29 said:

    @jmlanzaf said:
    Ridiculous. So you could have a 65 that is worn or a 65 that has no wear on it. How would you differentiate?

    If I have a coin the "would be a 68" but has significant wear, can I call it a 63?

    Why ridiculous? I once owned a saint that was graded ms 64 but it was fully lustrous with a full strike and nice surface color except for a trace of high point wear on the knee. Otherwise without the very slight touch of wear it could have graded 65-66. How could it be valued correctly if it was graded AU 58-59. It didn’t have noticeable wear in the fields like almost all AU 58s show. This is market grading which I think the tpg services already use to a certain extent. If it has significant wear it would have to be a 58 not a 68 knocked down to 63.!I I am talking very slight high point friction that is hardly noticeable.

    Because you're bifurcating all the grades. To what end? You've solved your dislike of AU58 with a solution that confuses the entire MS grading scale. The coin looks the same no matter what number you put in the holder. Why do I need to change the system we all know and understand just because you want to elevate coins with wear on them?

    The whole effort is based on the fallacy that there is a problem or "argument". Who is arguing? Even you know what the current system is.

    You know what I hate: VF Buffaloes without a full horn. You know what? It's neither a problem or argument because we all know that's the modern standard.

  • 10000lakes10000lakes Posts: 811 ✭✭✭✭

    Just need another sticker

  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭

    I happen to completely agree and have so stated for the past 20 years on this forum. Wear is just another attribute of a coin and there is absolutely no logical reason for 60 to be a magical number where there’s no wear. Netgrade wear just like a bag mark a cleaning a hairline or any other problem

  • Joey29Joey29 Posts: 458 ✭✭✭
    edited October 26, 2021 4:36PM

    @tradedollarnut said:

    @Walkerguy21D said:
    I’m guessing the tpg’s already do this, but limit it to low MS grades. Hence the gray area of coins slabbed 58 to 62.
    Anything higher than 62 better not have any so called stacking rub or album friction, etc.

    Don’t collect much early material, do you?

    I don’t agree that anything higher than ms 62 can’t have stacking friction. Almost all saint’s have stacking marks. Just the degree. Some have shiny spots on the knee, others have

    a dull knee which is slight wear and others have a frosty knee, true unc. According to JA saints and walkers can have some stacking marks up to ms 66 but not above 66 as I understood him. Personally my walkers don’t show wear on the breast, no dull spots.

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