Got gradeflation?
SmallEagle
Posts: 736
The Wall Street Journal recommended cracking out slabbed coins and resubmitting as a low-risk strategy. Here is today's example. Buy a nice-looking PCGS 65 reeded edge half like this. Crack out. Resubmit and voila!
Like taking candy from a baby.
Like taking candy from a baby.
Who is John Galt?
0
Comments
this year in the blurb on the seller's website.
naturally.
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
May have been undergraded in the older holder.
One thing you can conclude: only one of the grades is the correct grade!
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>Can't really conclude that the coin is now overgraded.
May have been undergraded in the older holder.
One thing you can conclude: only one of the grades is the correct grade! >>
from july to nov allows time for quite a few submissions
Hoard the keys.
<< <i>Can't really conclude that the coin is now overgraded.
May have been undergraded in the older holder.
One thing you can conclude: only one of the grades is the correct grade! >>
Hmmm. I think it was a 65 back in the days of the old green holder. I guess a 66 now.
Who is John Galt?
<< <i>One thing you can conclude: only one of the grades is the correct grade! >>
I strongly disagree. There are plenty of coins out there that could be correctly graded on either side of a fence.
try the logic elsewhere in life... if a movie got a rating of three stars by one reviewer and four by another, is ONLY one rating the "correct" rating?
if one magazine says the new Mustang is the best car and another says the Camaro is the best car, is only one of them "right"
not saying there's not gradeflation, not saying standards don't change, just trying to think like a rational being and be aware of subjectivity of opinion
Liberty: Parent of Science & Industry
<< <i>naturally no mention of the coin being in a lower grade slab just earlier this year in the blurb on the seller's website. naturally. >>
Do you have any knowledge to indicate that the seller knows the coin was in a "lower grade slab just earlier this year"? Your post, including the "naturally" part, sounds like an unfair accusation.
Either way, curiously, if you were selling a coin which you felt was accurately graded, but knew it had been graded lower previously, would you disclose that to potential buyers? Would you feel bound, ethically, to do so?
<< <i>Do you have any knowledge to indicate that the seller knows the coin was in a "lower grade slab just earlier this year"? Your post, including the "naturally" part, sounds like an unfair accusation. >>
Um, considering the seller is Pinnacle and it took me all of 90 seconds to find that the coin sold at Heritage 4 months ago I think assuming that the seller knows it sold as a 65 is not a giant leap.
Who is John Galt?
<< <i>
<< <i>Do you have any knowledge to indicate that the seller knows the coin was in a "lower grade slab just earlier this year"? Your post, including the "naturally" part, sounds like an unfair accusation. >>
Um, considering the seller is Pinnacle and it took me all of 90 seconds to find that the coin sold at Heritage 4 months ago I think assuming that the seller knows it sold as a 65 is not a giant leap.
Perhaps they do, but maybe they don't. Either way, I'll ask you the same question I asked the other poster. And please note, it is not in any way meant to be rhetorical.:
Curiously, if you were selling a coin which you felt was accurately graded, but knew it had been graded lower previously, would you disclose that to potential buyers? Would you feel bound, ethically, to do so?
Edited to add, if it is showing up on your screen, can someone tell me why the <B> </B> is showing up at the end of my above post? When I posted, it didn't appear, but now when I view the post, it does.
</B>
Naturally.
A smart investor will only invest in coins with ..Eye appeal..in coins that have a particular grade that will possibly rise by a point or two.Who would invest in a dog of a coin in a lower grade with.. NO Eye Appeal..If there is a chance of coins grading higher then it would be in MS grades where the chances are greater for higher rewards...JMO....
Who is John Galt?
<< <i>No I wouldn't feel ethically bound to do it but as a buyer I would remember it favorably if a dealer did so. I can count the number of dealers I would expect to do it however on one finger. >>
That sounds reasonable to me - thanks.