Are there any advantages to a 100-point grading scale?

SilverEagles92

As I see it now, some (more like most) people can't differentiate between some grades. For instance, I can rarely differentiate between an AU53 and an AU55 coin. Same with VF30 and 35. What would be the advantae of throwing another 30 points in there? A MS99 would be better than today's 69, because of the other points thrown in there. The spread would be less, correct? Would a MS100 be greater than today's 70, or the same? To get a MS100 would you have to have a completely flawless coin? Not just almost completely flawless, but literally completely flawless? Anyone see an advantage? Am I the only one who feels this way?

michael

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66RB

<< <i>Are there any advantages to a 100-point grading scale? >>



Yes, more money for the TPG that switches to a 100 point grading scale.

SilverEagles92

Alright, from a collector's perspective, anything?

michael

Alright, from a collector's perspective, anything

yes more costs for grading fees and new grades and also if you got any overgraded or problem coins in holders you lose monry with the new system as they re slab your coin at a lower grade hence lower market value

a hidden grade deduction arbitrage on the services part

Aegis3

<< <i>Alright, from a collector's perspective, anything? >>



Well, in theory, it could quicken the demise of "numerical grading".

Of course, there's the bigger question of whether numerical grading really does exist or not. At best numerical grades are be abbreviations of descriptive grades. At worst numerical grading is a pseudo-mathematical system which claims there is some sort of metric of coin grades, and which leads to absurd pricing situations.

Leiana

For me, the 70 point scale is very easy to understand and a 100 point scale would be very difficult. I am not very good with numbers, you see.

The scale really has six main tiers and then finer levels within those tiers, and I think it works very well.

Let's look at VF. It has a spead of 15 points, from VF20 to VF35. A 3 indicates a higher end (choice) VF with a 35 being a choice choice VF. A 2 indicates a usual VF with a 25 as a nice VF.

At least, that's how I think of it.

-Amanda

ABC123

Change is Good !

TwoSides2aCoin

the Sheldon scale of 70 points is fine.
I think decimal points between grades would be very cool. It would help determine a fairer price guide and stimulate growth in the registry sets, while allowing alllllllllllllllllllllllllllllllll numismatists a clearer view of the differences between TECHNICAL grading and SUBJECTIVE grading...., IMO.
But change is tough. When you are the best, you think there can be no improvements.

JRocco

<< <i>Alright, from a collector's perspective, anything? >>



No

coinguy1

<<Are there any advantages to a 100-point grading scale?>>

Yes, we could impress ourselves and others by making believe that we could grade coins to the precision of a 100 point scale, while ignoring the fact that we couldn't even be accurate and consistent with a 70 point point scale.

Leiana

<< <i><<Are there any advantages to a 100-point grading scale?>>

Yes, we could impress ourselves and others by making believe that we could grade coins to the precision of a 100 point scale, while ignoring the fact that we couldn't even be accurate and consistent with a 70 point point scale. >>





Too true!

-Amanda

Conder101

<< <i>yes more costs for grading fees and new grades and also if you got any overgraded or problem coins in holders you lose monry with the new system as they re slab your coin at a lower grade hence lower market value

a hidden grade deduction arbitrage on the services part >>


And how do you consider these to be an advantage from a collectors viewpoint?

Cladiator

<< <i> Are there any advantages to a 100-point grading scale? >>

No.

tradedollarnut

Yes - in many instances we would be able to buy a nicer coin cheaper.

jmj3esq

It may be easier for a lay person to understand. You may also be able to get a more accurate grade on a 100 point scale as opposed to a 70 point scale.

DrWho

i can see NO reason that a 100 point scale can be of any benefit to the collector. we're only using a handful or the grades on the sheldon 70 point scale. on 100 point scale 75 of the grades won't even be used. then there's the issue of what would be difference between, say, an MS90 and a MS89? or an MS91 versus an MS90?

mcheath

the same issues would eventually arise if we (collectors)/ or the tpgs switched to the 100 point scale. we would then need to switch to the 200 or even the 1000 point scale.

Cladiator

I'm going to switch to the two icon system.

A coin either makes me do this: or this:

michael

<< yes more costs for grading fees and new grades and also if you got any overgraded or problem coins in holders you lose monry with the new system as they re slab your coin at a lower grade hence lower market value

a hidden grade deduction arbitrage on the services part >>


And how do you consider these to be an advantage from a collectors viewpoint?

simple most but not all collectors love to get screwed or if not they still get screwed

so it is to their advantage as if it happens enough times hard lessons most but not all usually learn with the learning curve and turn out to be better more stronger and selective collectors if they continue on at all but
if they do they again become stronger more selective and better collectors

with coins there is no coin school just the school of hard knocks

michael

look at all the front page advertisers in coin world people just keep buying from them more and more and after decades they are still in biz

giving great value, opportunity accurately graded and killer eye appeal really scarce coinc for the money
again collectors keep going back for more until they get screwed so many times some it takes longer than others they either wise up or get out

kranky

<< <i>Yes - in many instances we would be able to buy a nicer coin cheaper. >>



Now there's a perspective I haven't heard before in the discussions of the 100-point system. How would that work, TDN?

coinguy1

<< <i>

<< <i>Yes - in many instances we would be able to buy a nicer coin cheaper. >>



Now there's a perspective I haven't heard before in the discussions of the 100-point system. How would that work, TDN? >>

Here's my take on how that would be occur - in theory, with more grades to assign, the differences in prices/values between two (or more) given grades would be less than they are now. So, for example, if you find a worthy MS74 for your collection (or inventory), it might be within 5% of the price of an MS65, yet as good as or better than an MS75. Currently, the price differential between two grades is usually much greater than that.

tradedollarnut

<< <i>

<< <i>Yes - in many instances we would be able to buy a nicer coin cheaper. >>



Now there's a perspective I haven't heard before in the discussions of the 100-point system. How would that work, TDN? >>



Many coins have outrageous spreads. Off the top of my head, I can think of seated dollars that have $50k+ differences between grades. I have seen coins in holders that just got there .... they were nicer than the undergrade, but not nice enough to pay for the label. If the grading service had 10 more unc grades to utilize, the price spread between grades would go down and more than likely the just made it coin would be available cheaper.

Example: 1870-CC seated dollar MS63 = $35k, NGC MS64 = $100k. I have a coin that's NGC MS64 ... not quite good enough for PCGS MS64. Assume with 20 unc grades available that the MS63 becomes MS86 and the real MS64 becomes MS88. My coin might be graded MS87 and valued halfway in between [$70k]. Would have saved me $30k!

Coxe

<< <i>

<< <i>Alright, from a collector's perspective, anything? >>



Well, in theory, it could quicken the demise of "numerical grading".

Of course, there's the bigger question of whether numerical grading really does exist or not. At best numerical grades are be abbreviations of descriptive grades. At worst numerical grading is a pseudo-mathematical system which claims there is some sort of metric of coin grades, and which leads to absurd pricing situations. >>



Absolutely. It is just a concept to push coins through a TPG a second time. The advantage of a particular unnamed TPG doing this is they define the grades and become the reference standard without question. That said, they could assign a 100 point rating for a market grade to augment a technical grade. The problem with the technical grade is that it is not the only factor (just the main one) in determining valuation. It woud be doomed to abuse nonetheless as well as more headaches from dissatisfied customers than it is worth.

The problem with the SHeldon scale is 6/7 of it is used for circulated grades. Perhaps the 11 points (60 to 70) is sufficient resolution for uncirculated grading. The 59 for circulated is bigtime overkill. The used 20, 25, 30, 35 could just as easily be VF, VF+, VF++, XF-, like before.