Pics added***Gradeflation- 1797 bust dollar from PCGS AU53 to NGC AU58 in one year

ER

If smoeone can do the linkydoo, I'd appreciate it. I think it's fun to be able to track these coins, but sad to see the grading service(s) keeping giving the unwary collectors the shaft.

coin#1: 1797 10x6 stars bust dollar, PCGS AU53, sold in the March 2004 Heritage Portland Sig Sale, Lot# 5942, is now coin#2.

coin#2: 1797 10x6 stars bust dollar, NGC AU58, is currently in the Heritage Palm Beach Sig Sale, Lot# 6701.

I've been tracking this coin, and, before the current 58 grade, it was in another NGC slab (at 55), in a major dealer's website. It is a solid 53, but no way a 58.
Bottom line: NGC suck$ (in this case); know your series, learn to grade, buy the coin, not the number.

Edited: I don't claim to know much about coins, just a little bit, but continue to learn everyday.
***************************************************************************************************************





Here is my 1797 10x6 PCGS AU53 for comparison

CUEBALL

I think part of it can be blamed on gradeflation and part of it just on misgrading.The services do a pretty good job but sometimes they really miss the mark. I have some coins that I bought when I was more dependent on the grading services and I cringe when I look at them.Some are off a complete grade in my opinion.

magikbilly

HI Quang

Hope you are doing well!

Best,
Magikbilly

ER

Hey Billy,
Same to you.

tradedollarnut

IMO, gradeflation is going way too fast right now - it's a major danger to the hobby.

oreville

ER: Can you reactivate your links? They are not working.

A most damning analysis.

MacCrimmon

From a recent viewing of auction lots I noted that scarce and rare date gold (mostly P/S/O mints particularly) were inflated in the extreme. Coins which I bought throughout the 1990s in MS62 slabs (PCGS) were uniformly to be found in MS64 slabs (again PCGS slabs).....Heaven forbid NGCs interpretation.......

ER

oreville,
My linking's not working. That's why I asked in my post if smoeone can do the linkydoo.

cardinal

Here is Coin #1, and here is Coin #2.

Undoubtedly the same coin.

ER

Pics added. Thanks Cardinal.

rhedden

Is it just me, or does Heritage get major upgrades on virtually every important coin they submit to PCGS/NGC?

LanLord

I really don't believe that is an AU coin at all, however, it's a tougher than $%it coin in any grade, so it's a great coin to have. It's just not AU.

dorkbar

So we're to believe this worn, weak coin grades the same as the crisply-struck, lustrous, virtually mark-free 1900-P I just got back that somehow managed to miss mint state and grade AU58?? Just one of many reasons I tire of the game.

ER

Here is my PCGS AU53 1797 10x6 stars

ColonialCoinUnion

I'm waiting for the inevitable post where someone claims that they aren't the same coin -

keets

ER's coin has the "conserved" look to it (not saying it's conserved, just that the picture shows it to have that "look") while the coin in question has a more original look in both holders and at each assigned grade. while both coins don't look AU-----i think they are, though-----that's due to the fact that strike characteristics from 1797 aren't the same as those from 1900 as FC would assert, hence the weakness at the center, especially visible on the reverse. the sage advice to "know your series, learn to grade, buy the coin, not the number" seems pretty good.

at least the coin's viewed as AU. my thought is that what ruffles our feathers more than anything else is the price difference from 53-55-58. if those grade prices were close to each other it probably wouldn't matter much, at least not to me. yet another example of market grading and although the "gradings" were done some 5-7 apart, it would seem to enforce the belief of me and many others that NGC tends to grade a bit more generous than PCGS on all coins, not just moderns.

sorry, but i just call 'em like i see 'em!!!

al h.