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I feel like Rip Van Winkle who has awoken in the age of fractional grading (*+)
shylock
Posts: 4,288 ✭✭✭
Been away from numismatics for a while but the itch came back like it always has. I feel like Rip Van Winkle (- the beard) who has woken up
and found that I dont recognize anything other than a nice looking coin. * + CAC... are there any other symbols/stickers I should know about?
We had some great debates here about fractional grading back in the day, but in retrospect it was inevitable. The grading services
would eventually slow down as raw material was virtually all slabbed and even the upgrade material slowed.
The coins look the same to me but now I'm seeing non-numeric symbols in the grades that make me feel like the term PQ is obsolete.
Hey, I'm open minded and think there was room for in-between grades that were always reflected in prices realized but not in actual grade.
But now we don't even have to pick out premium quality for the grade coins, they are served to us in a slab. Will the grading services appetite
for new business eventually diminish as almost all coins have been graded accurately within a fraction of their grade?
And has anyone given Rick Snow credit for, long ago when even I was collecting, creating the concept of the CAC sticker with his Eagle Eye Photoseal?
and found that I dont recognize anything other than a nice looking coin. * + CAC... are there any other symbols/stickers I should know about?
We had some great debates here about fractional grading back in the day, but in retrospect it was inevitable. The grading services
would eventually slow down as raw material was virtually all slabbed and even the upgrade material slowed.
The coins look the same to me but now I'm seeing non-numeric symbols in the grades that make me feel like the term PQ is obsolete.
Hey, I'm open minded and think there was room for in-between grades that were always reflected in prices realized but not in actual grade.
But now we don't even have to pick out premium quality for the grade coins, they are served to us in a slab. Will the grading services appetite
for new business eventually diminish as almost all coins have been graded accurately within a fraction of their grade?
And has anyone given Rick Snow credit for, long ago when even I was collecting, creating the concept of the CAC sticker with his Eagle Eye Photoseal?
Paul <> altered surfaces <> CoinGallery.org
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Note to newer members: Shylock has a tremendous knack of being able to spot Indian Head Cents that were worked on between appearances on the market, and shared many of them here with before-and-after photos.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>Been away from numismatics for a while but the itch came back like it always has. I feel like Rip Van Winkle (- the beard) who has woken up
and found that I dont recognize anything other than a nice looking coin. * + CAC... are there any other symbols/stickers I should know about? >>
If I'm not mistaken, NGC also uses "stars." What differentiates a "star" from a "+," I don't know.
<< <i>The coins look the same to me but now I'm seeing non-numeric symbols in the grades that make me feel like the term PQ is obsolete. >>
Don't forget that one grading company, CompuGrade. They assigned fractional grades to coins with like, 5-6 significant figures or something like that. In that case, no extra non-numerical symbols were used, but the grading was still "fractional."
<< <i>Hey, I'm open minded and think there was room for in-between grades that were always reflected in prices realized but not in actual grade.
But now we don't even have to pick out premium quality for the grade coins, they are served to us in a slab. Will the grading services appetite
for new business eventually diminish as almost all coins have been graded accurately within a fraction of their grade? >>
That would be true if and only if: (1) the grading companies never made mistakes, (2) all grading companies grade by the same standards, and (3) all the (collector's) coins ever produced were found and needed to be slabbed. As I understand it, none of those conditions have been met. I suppose it's remotely possible that (3) could happen one day (though, I have my doubts).
<< <i>And has anyone given Rick Snow credit for, long ago when even I was collecting, creating the concept of the CAC sticker with his Eagle Eye Photoseal? >>
I did not know that Rick Snow came up with the concept. However, knowing how intelligent+diligent he is, and how much he's contributed to numismatics, I can't say that I'm surprised!
Interests:
Pre-Jump Grade Project
Toned Commemoratives
Yes I did figure out there are grades within the CAC sticker when bidding on a monster toned classic commemorative.
The coin was PCGS 67 so I'm thinking CAC Gold is + even though PCGS didn't + it, but it's still very confusing to me because
I thought CAC only confirms MS67
It's GREAT to read a post from you. Are you planning on sticking around for a while? I certainly hope so!
In honor of the memory of Cpl. Michael E. Thompson
So what do you guys think about fractional grading or is it really old news which I suspect it is...
Based on those that have chimed in, it sounds like you bring some good value to the boards which is most excellent. We have lost some good members over the last couple of years, for various reasons.
I typically play with Mercury Dime Varieties.
Not really looking for much these days but if I were, it might be a toner.
Check out some of my 1794 Large Cents on www.coingallery.org
Of course, personally he is something of a toad...
Coin Club Benefit auctions ..... View the Lots
Mr 1794 thought of you when I viewed the Cardinal collection online.
I have a gold sticker commem in my sites in the LB Sale but now I doubt I'll win it, such is life
As to the fractional grading: don't bother trying to figure it out. It's more mind-numbing non-sense from the coin market. Just concentrate on the coins themselves. heh
jom
I think the no-longer-new Undiscovered Country for the TPG's is dark-side. That's still a huge under-tapped revenue stream that gets even bigger once folks start doing varieties similar to VAM, marriages, re-marriages and states.
EVP
PS Welcome back!
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Kranky mentioned the CAC Gold Label as did
BigMoose - I believe that a CAC Gold sticker means that in the opinion of CAC, the coin is undergraded and the CAC grade exceeds the slab grade by at least 1 full grade point
You were right TomT, check out what this Texas commem sold for
Nice toning - you can see a slightly better pic in PCGS's Coinfacts (if you have a subscription) - but not up there with Bruce Scher's 1934 Texas
<< <i>Kranky - ahh an old friend!
Yes I did figure out there are grades within the CAC sticker when bidding on a monster toned classic commemorative.
The coin was PCGS 67 so I'm thinking CAC Gold is + even though PCGS didn't + it, but it's still very confusing to me because
I thought CAC only confirms MS67
And "WINGS"
Hoard the keys.
It sounds like you already know what you're looking for. Finding and buying the right coins before they've had a chance to make the trip back to the plus or sticker people can be a winning strategy.
<< <i>Mark, Airplanenut, TomB wow didn't think you guys still posted here...
So what do you guys think about fractional grading or is it really old news which I suspect it is... >>
I neither care for, nor have much use of, fractional grading. However, I like the concept of CAC.
In honor of the memory of Cpl. Michael E. Thompson
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Thanks for the recognition.