Next thing that matters
Gazes
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When I read about coin collecting long ago no one focused on the condition of the coin. Then at some point collectors distinguished between uncirculated and circulated---but not the varying degrees of both. Some collectors paid no concern to strike but later especially in certain series strike became important. More recently original coins have become desired when that generally was not the case before.
So my question is what do you think will be the next "thing" that matters that is generally not a concern to most collectors now ?
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My guess is that the grading services will get more accurate at attributing die varieties.
And then those will be added to the price guides, pop reports and registry sets.
There might even be multiple grades assigned, like there are on NGC Ancients (strike and surface, in addition to main grade).
Anything which increases info and differentiates products in the markets creates an incentive to reholder.
As counterfeits become of higher quality, as is inevitable, I think pedigree/provenance will be of increasing importance.
Good point.
I noticed in PCGS Cert Verification, it shows you past auction appearances (and prices).
I don' t know if this is a new or old feature, but it's a good one.
Unimpaired luster designation. There's a world of difference between a coin with impaired luster and full lusters
If the next big thing is "sharpness of the edge reeding", I'm out.
Altered surfaces caused by cleaning, chemical or otherwise.
Dave
Technical grading... It seems to be a forgotten art.
Wondering if there really isn't a series of "next things" as much as we all learn the "next thing" as we collect, and start applying that to our collecting search?
For instance, I'm sure even the first collector would replace a worn coin with a better looking unused coin....or a poorly struck one with a better struck one...long before those "things" were codified and added to the list of important attributes....
embedding chips into the labels to avert counterfeiting slabs...
Slab doctors. Take it to the bank. It's coming. Just remember you heard it here first.
A coins identity and history of ownership along with if the coin has changed in appearance or grade as the coin continues to age.
"A dog breaks your heart only one time and that is when they pass on". Unknown
Although it's tough for me to envision the change, I'm surprised PCGS hasn't introduced any new strike qualifiers. Full Horn buffs, Full Hand walkers and so on.
Also as tradedollarnut mentioned, consistent luster.
While luster has long been given due consideration, I believe it will soon become a major qualifier in grade. That being said, I can see the possibility of a point system being developed to establish a grade. There are many possibilities for such a system, and I have no idea what one will finally be adopted...However, the demand for grade justification and increased uniformity (sans computer grading) will eventually drive such a system into existence. Cheers, RickO
Impaired luster designation could apply to 50-80% of seated coinage in grades of MS61 to MS63. That would be interesting. Would "impaired" luster on a "mint state" graded coin also include those missing 10-90% of the original luster? A large percentage of bust coinage would be affected by that....basically all the AU64's and down.
Eventually the desire to differentiate and stand out will be satisfoed only when a system is created that will result in every collectible coin being slabbed with imbedded and cloud stored information that describes each attribute of the coin in such detail that each coin will be considered unique.
Micro dotting on the edge of a coin for I.D. purposes?
have you seen the fake slabs/inserts with provenance? just curious.
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Gazes:
I have attempted to demonstrate, as a sub-theme in a multitude of articles, that it has always been true that the vast majority of sophisticated collectors of rare or at least scarce U.S. coins have tended towards relatively original coins with natural toning. Note that I am saying 'the vast majority,' not all sophisticated collectors.
It is not practical to summarize the reasons and evidence for this hypothesis in posts to this thread. Nonetheless, I honestly believe it to be a point of paramount importance in the realm of classic U.S. coins. If the modifications of previously high quality, relatively original coins are encouraged or even widely tolerated, there will be no end to the extent to which they are modified and the number of people who are misled by such modifications will substantially increase.
Understanding Classic U.S. Coins and Building Excellent Coin Collections, Part 2: Dipped Coins
Natural Toning, Dipping and Coin Doctoring, Part 3
The Specter of Coin Doctoring and The Survival of Great Coins
Using a 500 power microscope to find heretofore unnoticed DDO and DDR
I think objectified technical grading and a rise in PM prices will have the biggest impact.
Here's a warning parable for coin collectors...
I actually contemplated advertising a $3/coin slab restoration service at one time. lol
Our infrastructure. Apparently the next big thing is quadfurcation. Splitting the atom in quarters instead of halves.
From out of left field:
How long will it be before people start identifying, categorizing, recognizing, and collecting the glut of modern fakes out there?
"Dang, my modern counterfeit collection is moving right along, but I just can't seem to find a good example of the circa 2005 China-5.2 1798 Bust Dollar. Are they ALL that poorly struck?" =:o
Nap:
Afford:
Yes, pedigree research and documentation reduces the likelihood of collectors acquiring forgeries. Moreover, as the certified grades of individual coins change, past pedigrees stay the same. For example, the Eliasberg 1873-CC 'No Arrows' quarter has been assigned different grades at different times by different people. Pedigree research discourages coin doctoring, too! If collectors have a good idea of the past appearance of a specific coin, then modifications are more likely to be noticed and questioned.
How will Coin Collectors Interpret Certified Coin Grades in the Future?
I agree regarding pedigree research. The transfer die counterfeit 1796 large cent that was posted yesterday certainly fooled me. The transfer die counterfeit 1798 large cent in a PCGS slab was even more disconcerting.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]