@jmlanzaf said:
If the market embraces the 10 point scale and it expands AND if the market prefers the 10 scale to the 70, then you might have to slab your coins to achieve the highest price at auction.
25 years ago:
If the market embraces slabbed coins and it expands AND if the market prefers slabs to raw coins, then you might have to slab your coins to achieve the highest price at auction.
Well, it was pointed out to me that there’s people who pay 5-10X or more for Advance Release. There’s folks who need a certain brand of slab and spend $$ for a re -evaluation and re-slabbing.
They suggested that it’s very possible that this will probably happen, just given the number of people who enjoy a little revolution.
That said I’ll die and my heirs can decide if there’s sufficient reason to re-slab. I’ll use stickers and ignore the drama. 😁
Damn this thing. Just does the switch to funky font. Dang it 🤔
@jmlanzaf said:
If the market embraces the 10 point scale and it expands AND if the market prefers the 10 scale to the 70, then you might have to slab your coins to achieve the highest price at auction.
25 years ago:
If the market embraces slabbed coins and it expands AND if the market prefers slabs to raw coins, then you might have to slab your coins to achieve the highest price at auction.
Someone needs to get on the phone with NGC and let them know they need to get with the A. N. A. before they do anything drastic like this, changing how the grading standards are to be enterpreted. I nominate ?? Have some fun with it
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
maybe they are trying to get folks that collect trading cards (baseball, basketball, etc.) into the coin hobby.
They can then add additional grades such as color, finish, strike, etc. and give an overall grade. Just like they do with trading cards. It's genius and makes a lot of sense when you think about it. You can easily see what each "main" category was graded. Like 10/10 for strike, 9/10 for color, 10/10 for luster, whatever... Overall grade here would be 9.5 (i guess)
@leothelyon said:
Someone needs to get on the phone with NGC and let them know they need to get with the A. N. A. before they do anything drastic like this, changing how the grading standards are to be enterpreted.
Why? If you don't like NGC's interpretations, you don't have to use them.
Shouldn’t people buy the coin not some arbitrary grade whether it’s a 65+ or 9.6. If the coin is nice and at a price tou like, shouldn’t you buy it? Or do wait for it to appear in a Sheldon scale slab or vice versa?
Seems like a lot of debate about nothing, but again this is the internet.
Simply trying to understand the new scale, and how it corresponds to the existing one. To that end, I just finished comparing the current version of the two scales, side by side.
Interesting concept for moderns, though the market will be a big arbitrator in how sales with like coins with the 'ten' point scale and the current 70 point scale are sold in an auction side to side. With the CAC slabs rolling out at about the same time, it will be interesting to say the least.
Nope, not for me. With close to 2,000 slabs ( 97% from our hosts ) not wanting to spend the $$$ to convert. Unless and until our hosts decide to make the change to a 10 system, I don't see it being successful. If this would have been started in the 80's at the beginning of TPG ( as it probably should have been ) no issues. But how many slabbed coins are there graded on the Sheldon scale ? 20 million + ? Alot of $$$ to convert. 25 years from now I don't think I'll have to worry about it. Then it'll be my sons problem.
Not worried about it. Would low ball heck out of them…….if offered any.
Not many have the money to convert their inventory or investment to that 10 pt scale. For me don’t want hassle either. Haven’t seen any on bourse either.
CAC changed the market lol - they only 4 pct slabs on eBay if that much. But I would agree a lot of well off collectors buried in it. Me, pivoted to other (high margin) areas.
Is this a new topic they are going to go around and around about? Then another sticker guy for it lol.
Well guys
I’m indeed glad it’s just an example. I have never sent anything in to be graded and would never consider changing a slabbed coin from one service or type of holder to another.
At $13 I’m pleased to have an example. Thanks 🙏
And yes I’ll troll around eBay and get an example of the new CAC slab. It’s interesting that these ngcx are not popular. Patience tells me that I’ll get an inexpensive example, maybe 🤠
@steve76020 said:
all other collectibles are on 10 point scale ie comics , baseball cards, etc
The coin folks may slowly come to this but not soon. Lot’s of Sheldon slabs out there. Thanks 🙏
True. Although the systems could coexist.
For years, NGC has been basically using a 5 point system on ancients along with a non-Sheldon grade. For example, a coin is assigned a VF grade (no number) then assigned a 5/5 for strike and a 4/5 for surfaces. I find the system easy to use and more informative than a Sheldon grade which often is the result of mixing different properties (luster, strike, eye appeal)
I have a very simple response to this.
If it ain't broke don't fix it.
Adding the + is acceptable to me but this 10 point grading scale does nothing to excite me.
I cannot picture a beautiful Morgan dollar in a 8.9 holder. I'd get used to it I suppose.
It's fine the way it is though.
Maybe for Modern coins where they tend to be very high on the grading scale.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
@150K said:
I have a very simple response to this.
If it ain't broke don't fix it.
Adding the + is acceptable to me but this 10 point grading scale does nothing to excite me.
I cannot picture a beautiful Morgan dollar in a 8.9 holder. I'd get used to it I suppose.
It's fine the way it is though.
Maybe for Modern coins where they tend to be very high on the grading scale.
And I can't picture a world where something, even a Morgan, gets a 58 and that's considered good
"Hey, Bob. How was the match.com date last night. "
Comments
25 years ago:
If the market embraces slabbed coins and it expands AND if the market prefers slabs to raw coins, then you might have to slab your coins to achieve the highest price at auction.
A new grading scale isn't any different.
The market will tell.,,, it will either evolve and take off.... or fall to the wayside.
Damn this thing. Just does the switch to funky font. Dang it 🤔
🎶 shout shout, let it all out 🎶
Exactly my point. CAC as well.
Someone needs to get on the phone with NGC and let them know they need to get with the A. N. A. before they do anything drastic like this, changing how the grading standards are to be enterpreted. I nominate ?? Have some fun with it
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
maybe they are trying to get folks that collect trading cards (baseball, basketball, etc.) into the coin hobby.
They can then add additional grades such as color, finish, strike, etc. and give an overall grade. Just like they do with trading cards. It's genius and makes a lot of sense when you think about it. You can easily see what each "main" category was graded. Like 10/10 for strike, 9/10 for color, 10/10 for luster, whatever... Overall grade here would be 9.5 (i guess)
Why? If you don't like NGC's interpretations, you don't have to use them.
Shouldn’t people buy the coin not some arbitrary grade whether it’s a 65+ or 9.6. If the coin is nice and at a price tou like, shouldn’t you buy it? Or do wait for it to appear in a Sheldon scale slab or vice versa?
Seems like a lot of debate about nothing, but again this is the internet.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
Simply trying to understand the new scale, and how it corresponds to the existing one. To that end, I just finished comparing the current version of the two scales, side by side.
Source of Sheldon descriptions: https://www.ngccoin.com/coin-grading/grading-scale/
Source of NGCX descriptions (via the slider): https://www.ngccoin.com/specialty-services/ngcx-10-point-grading-scale/
FWIW, it 'agrees' in most instances, but I identified three anomalies that precluded a 1:1 'match'.
One:
~ Sheldon 67 'matches' NGCX 9.7.
~ There is no Sheldon 'match' for NGCX 9.6.
~ Sheldon 66 'matches' NGCX 9.5.
Two:
~ Sheldon 61 'matches' NGCX 9.0.
~ There is no NGCX 'match' for Sheldon 60.
~ Sheldon 58 'matches' NGCX 8.8.
Three:
~ Sheldon 3 'matches' NGCX 1.5.
~ There is no NGCX 'match' for Sheldon 2.
~ Sheldon 1 'matches' NGCX 1.0.
Interesting concept for moderns, though the market will be a big arbitrator in how sales with like coins with the 'ten' point scale and the current 70 point scale are sold in an auction side to side. With the CAC slabs rolling out at about the same time, it will be interesting to say the least.
More people can collect vintage plastic.
Well
Here we are 6 months out and I just won an example ( which I type collect all manor of things. )
$10 coin I’m ok with $3 for the holder. 😁
🎶 shout shout, let it all out 🎶
Nope, not for me. With close to 2,000 slabs ( 97% from our hosts ) not wanting to spend the $$$ to convert. Unless and until our hosts decide to make the change to a 10 system, I don't see it being successful. If this would have been started in the 80's at the beginning of TPG ( as it probably should have been ) no issues. But how many slabbed coins are there graded on the Sheldon scale ? 20 million + ? Alot of $$$ to convert. 25 years from now I don't think I'll have to worry about it. Then it'll be my sons problem.
Me no likey.
Type collector, mainly into Seated. -formerly Ownerofawheatiehorde. Good BST transactions with: mirabela, OKCC, MICHAELDIXON, Gerard
Not worried about it. Would low ball heck out of them…….if offered any.
Not many have the money to convert their inventory or investment to that 10 pt scale. For me don’t want hassle either. Haven’t seen any on bourse either.
CAC changed the market lol - they only 4 pct slabs on eBay if that much. But I would agree a lot of well off collectors buried in it. Me, pivoted to other (high margin) areas.
Is this a new topic they are going to go around and around about? Then another sticker guy for it lol.
Well guys
I’m indeed glad it’s just an example. I have never sent anything in to be graded and would never consider changing a slabbed coin from one service or type of holder to another.
At $13 I’m pleased to have an example. Thanks 🙏
And yes I’ll troll around eBay and get an example of the new CAC slab. It’s interesting that these ngcx are not popular. Patience tells me that I’ll get an inexpensive example, maybe 🤠
🎶 shout shout, let it all out 🎶
its only for contemporary coins 1982 and newer all others will be graded on sheldon scale
all other collectibles are on 10 point scale ie comics , baseball cards, etc
The coin folks may slowly come to this but not soon. Lot’s of Sheldon slabs out there. Thanks 🙏
🎶 shout shout, let it all out 🎶
True. Although the systems could coexist.
For years, NGC has been basically using a 5 point system on ancients along with a non-Sheldon grade. For example, a coin is assigned a VF grade (no number) then assigned a 5/5 for strike and a 4/5 for surfaces. I find the system easy to use and more informative than a Sheldon grade which often is the result of mixing different properties (luster, strike, eye appeal)
I have a very simple response to this.
If it ain't broke don't fix it.
Adding the + is acceptable to me but this 10 point grading scale does nothing to excite me.
I cannot picture a beautiful Morgan dollar in a 8.9 holder. I'd get used to it I suppose.
It's fine the way it is though.
Maybe for Modern coins where they tend to be very high on the grading scale.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
And I can't picture a world where something, even a Morgan, gets a 58 and that's considered good
"Hey, Bob. How was the match.com date last night. "
"She was a 65."
"Oh, dude, I'm sorry. How was her personality?"
@jmlanzaf how would you feel about a 1893S in AU58?
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
The same as I would about an 1893-S in 8.9.
My sarcastic response was based on the fact that 70=perfect is not intuitive.
That's fine by me!
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
70 will still rule!
count on that.
a.k.a "The BUFFINATOR"
This is about the same as miles or kilometers. Or Fahrenheit vs Celsius. Yeah I'm not changing. 😆
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
I liked it better when my chevy had cubic inches. And a carberator.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards