How do you feel about net graded coins??
Wisconsin
Posts: 645
I was looking on ebay at this coin and it got me thinking?? Are these coins as sellable as undamaged coins? This particular half would probably sell for $1000 more as Au, so it has the Au details at a drastically reduced price. Would you buy a coin like this??
I have no interest in buying this coin, but was wondering how other people feel about net grades, and if they are as easy to sell as choice coins???
I have no interest in buying this coin, but was wondering how other people feel about net grades, and if they are as easy to sell as choice coins???
0
Comments
In God We Trust.... all others pay in Gold and Silver!
Forgive my rant, but all coins graded by the services are "net" graded. Instead of a complete description of the attributes of a coin, the qualities are averaged, to produce a single grade. That grade is an attempt to grade the coin relative to market value. There are many ways a coin can grade MS64, for example. It could me a full luster, full strike coin, with numerous marks in key focal areas. It could also be an average coin with hairlines. It could also be a mark free luster impaired coin. Etc,etc,etc. Reducing a complex variety of characteristics to a single grade in and of itself defines net grade. The ANACS holder just provides more detail. PCGS and NGC both grade lightly cleaned coins. They are "net" graded, but the "cleaned" descriptor is not added to the holder. "Net" grading, and the lack of a description of the attributes of a particular coin are why it is impossible to buy holdered coins sight-unseen. I guess that's how I feel about "net" grading.
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and it sets us apart from practitioners and consultants. Gregor
Brian.
i mean if you look at many many pcgs and ngc coins lots are net graded
but market net graded and waht i mean by that is that the coins are not necessarly damaged coins but i have seen for example and there are thousands of examples!
a proof buff nick graded proof 64 pcgs 1937 that was technically a 66/67 coin easy but was super poorly struck!!! so net graded to a 64!
sincerely michael
i guess when i think of net graded coins i think of anx holders with coin being net graded because they have monster ugly damage after they left the mint tooling corrosion huge nicks scratches etc etc
but i guess you can have two types of net graded coins
those that are damaged and net graded by anx
and those that are net graded by pcgs/ngc due to weakness of strike or something that was dione at the mint to also maybe damage but really very subtle like an early half eagle gold coin dated 1800 that has slight hairlines from a light cleaning and because the coin is so old and scarce and the hairlines are not taht bad and this type of coin like this is market acceptable whereas without the hairlines the coin is an easy hi end au 58/60 coin pxgs/ngc might net grade the coin au 50
sincerely michael
What I don't like about net grading is that the grading company is trying to assign a value to the coin and the market and I will do that, thank you very much.
Just slab the coin for its technical grade and then indicate the problem but don't select a net grade for it.
At what discount it will sell for will be determined by the transacting parties and not the grading company's opinion.
Joe.
Currently dealers are asking $3,000 or more pieces that are graded AU-50+ without net downgrades. This includes coins that have average toning and those that have been dipped white. If dipped white is your thing, go ahead. Financially this coin looks scary because “bid” is only $550 for EF. The trouble is most slabbed EFs are only VFs.
Sadly early coins are really hot and there is no Santa Claus to sell them to you. In fact there is NEVER a Santa Claus for early coins. When I was building my collection, I was happy if I could purchase the coins I liked for 30% over "bid." That was my benchmark. Now my collection looks like steal, but I've been at for over 25 years.
I have an 1827 half w/VF details graded net F12.I paid like $29.00 or $30.00 for it .It went to one of my girls school where they had all the classes come to her classroom and check it out.Her smile at being the center of attention was worth a whole lot more then I spent on that net grade.
edited to add....I would love that 1807 even net graded
Obscurum per obscurius
I will not send any more problem coins there. NCS is the way to go.
I may be alone but I feel that ANACS is assigning a value to your coin by net grading it. Put the coin in a holder and grade the thing THEN list the problem. let the buyer/seller determine the value and to what extent THEY feel said problem affects the price.
sincerely michael
<< <i>oh and one more thing on the net grading for me the slabbing services are really not grading coins or even net grading them they are pricing coins!
sincerely michael >>
Michael:
In market grading,
PRICE=GRADE
and
GRADE=PRICE.
The coin in question is certainly worth more than typical EF money, perhaps as much as Wynn is asking.