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Are coins that were overgraded 10 years ago, graded correctly now?
DMWJR
Posts: 6,102 ✭✭✭✭✭
It's an interesting concept as a counter to gradeflation.
Doug
1
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No. The coins are the same; it is the labels that changed.
I am more of the opinion that coins graded 10 years ago probably have a better shot at upgrading than those in old green holders. So I guess my answer is yes.
WS
Some are, some are not and some are correct. The $20 1855 O DE I posted was a AU 55 in the mid 80s. I was cracked out for a possible upgrade and it came back a 53. It is a superior coin to the $20 1850 O AU 55 I posted along with it. It is all some ones opinion.
Coins that I didn't like 10 years ago as over-graded.....I don't like them any better today.
I agree some are, some aren't. I had a bunch of old 62's jump 2+ grades in the past year or two.
How about this:
Coins that were under graded ten years ago are graded correctly now?
Pete
In many cases yes. Grading service payouts are relatively low to revenue in part because yesterday's errors are today's accurately graded pieces.
.
I know right? But we drink koolaid, and sometimes we are called sheeple.
Grading was looser in 2006/7 than it is now. I'd bet good money that you could make a lot of money cracking recently graded coins out and submitting them 10 or 11 years ago.
What is now proved was once only imagined. - William Blake
What is this concept you speak of......
"graded correctly"?
Since there really is no standard and no statistical precision associated with a single grading event, it's impossible to determine if ANY coin is graded "correctly."
@BryceM ....You nailed it. While I believe there is a 'general' consistency to grading, it is far from science and without standards 'you gets what you gets'...If there were standards, there would be no gradeflation and crackouts would cease to exist. Cheers, RickO
Don't know, but it does seem that circulated grades have slipped 5-10 grading points lower in the last ten years. Maybe it is just the offerings on Ebay that bring all the high priced, overgraded coins sellers out so I am biased.
over graded is over graded, then & now.
Just more market acceptable now.
BHNC #203
I'm with RR
If I didn't like a coin then, I don't like it know, regardless of the grade
Yes, that's my point. I hear a lot of whining about gradflation etc, but the coin is still the coin. I will say that in Lincoln Cents they opened the flood gates a few years ago and have demolished the value, unless you know what you are really looking at. There is too much reliance on someone else's opinion (who has a financial interest) and not enough on learning how to grade.
I keep on seeing gem, better date seated and Barber coins from the 2002-2008 era that have upgraded in 2014-2017, most of it coming post-Newman. Some of these coins I thought were maxed out for life back in 2008...literal burials. I recall a MS66 Barber half that was pop 2 for the date. That coin was bumped to 66+ and then a 67. The other old 66 (ex-Duckor) was also brought up to 67. My old 1858-0 dime was NGC MS66 in the 1998-2008 era. It wouldn't cross for me but eventually did, and is now PCGS 66+ finest graded. I have lots of similar examples. Hasn't TDN mentioned that his seated dollar set keeps losing ground due to other upgraded coins? I look at some of the Ebay sites of the biggest coin retailers showcasing 5 and 6 figure gem 65-67 coins and I am shocked at the quality shift since 2006-2008, especially in superb gem MS type, bust, barber, seated.
I'm not a believer that most coins from the past period of gradeflation would grade lower today....no doubt some would. I can think of a couple coins from that era that were 2-3 MS points over-graded and have lots of work left to do to end up in a proper graded holder....one of them, an ex-Knoxville seated coin graded 67....and it fetched strong MS64/weak MS65 money last time out. Then again, when you submit something enough times, you eventually find a weak day at the TPG's and get your grade. Grading should not be about the easiest (or toughest) day at the TPG.