Subjective Grading vs Value

WoodenJefferson

In a recent post HERE it was noted that perhaps this Walking Liberty sold for 1/4 of a million dollars. We actually don't know the exact amount, because the coin sold via a private treaty. This I can say with certainty, it was way more than any MS-65 would ever sell for.

What intrigues me is the Walker is reputed to be a MS-66 and with all this talk about "subjective grading" wouldn't you think that for the price paid for this high end example, the assigned grade needs to be "spot on" rather than a arguable consensus grade?

There is a HUGE disparity between MS-65 & MS-66 on this coin and to use the phrase "Finest Known" is only applicable if your speaking only about PCGS graded coins.

It would also help if the grading history were known, like OK, who approved this grade on this coin (was there a panel because of the value jump) and why does it stand out from all the rest?

Gemineye

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You raise a question on value along with grading As the coin has the appearance of of "Finest Known" even though it is graded with a ms65 or ms66 at best.There is also a factor to take into consideration of quantity known or of mintage figures.Collectors as we are are funny folks and will pay a premium for a prized piece.Referencing on your link and then to Pinnacle gives one a reason why a deep pocket collector will dig for this piece....JMHO as always...

ricko

All grading is subjective. No matter who assigns the grade, it is still an opinion. Without clear, stated standards, nothing but an opinion is possible. Cheers, RickO