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True or False?? Graders can’t help but be affected by the market. (Updated)

LakesammmanLakesammman Posts: 17,408 ✭✭✭✭✭
in U.S. Coin Forum
True or false??

Well, evenly split so far.

It's a quote from J. Albanese. image
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.

Comments

  • yellowkidyellowkid Posts: 5,486 ✭
    I just don't see the grading standards changing because of demand.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Rubbish...if this were true, we all should stop doing business with TPG's and crack out all our coins. Cheers, RickO
  • BarndogBarndog Posts: 20,502 ✭✭✭✭✭
    TPGs grade using market grading, no?
    JR Newsletter Online Edition
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Nice conclusive poll! image


    (as of the time I voted, the opinion was exactly 50/50)
  • WalmannWalmann Posts: 2,806 ✭
    The market really shouldn't impact their grading, not unless they are being told by management to either increase or decrease the weight given to any given grading criteria or standard.

    Hard to imagine the boss pulling them aside and being asked "Hey, we've noticed your grading seems to really gotten much tighter/easier these last few weeks, what's up?"
    And the grader replies "Gee, its the market of course, its impacting my grading."
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I think it is more that the graders change over time. If folks don't realize that they may think the market is changing the grading standards.
  • BillJonesBillJones Posts: 34,218 ✭✭✭✭✭
    I voted "yes."

    Time was when the market got tight, the grades got conservative. When it was a bull market they got lax.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • MrEurekaMrEureka Posts: 24,301 ✭✭✭✭✭
    I voted "false". If a grader is not a dealer, it's very easy to ignore the market. Whether or not an individual grader does so is another matter.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • UnknownUnknown
    This content has been removed.
  • PerryHallPerryHall Posts: 46,339 ✭✭✭✭✭
    Are the graders aware when a coin in a popular series has a really big jump in value at the next higher grade point? If they are aware, are they more conservative when they grade a liner coin when the higher grade results in a value many multiples of the lower grade as a result of the grading guarantee?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • golfer72golfer72 Posts: 3,588
    If their standards are valid the market should not affect their grading. Do they have standards? You have to wonder.
  • fcfc Posts: 12,793 ✭✭✭
    well their standards seem to have changed over the years and i would
    venture a guess that the market was a big part of it. oh and their
    bottom line of course. mgmt sets the course and the graders steer
    the ship according to guidelines.
  • leothelyonleothelyon Posts: 8,468 ✭✭✭✭✭
    True if the market has doubled their house payment. But they could trade their clunkers in for a new car. Maybe that will cheer them up. Just how the heck would the market change their grading habits? If Bob comes arrives to work with a bad attitude because his wife has filed for devorce, I can see how a grader may vow to deduct 1 point on every coin he grades that day.


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • anablepanablep Posts: 5,137 ✭✭✭✭✭
    True.

    Especially if the next grade up is a significant increase in price.

    Why they care about that, I don't know.

    Just grade the damn coin.
    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    I even think smoe coins become Genuine that should be graded.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

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