cool vid, thanks for sharing. If NGC does another video like this, one tip for them would be to have a hi-res picture up of the coin on the screen while the pros are talking about it.
Thank you. I've known the others for a long time. Now, I don't get out much. That is a great way to see how a grader's mind works. It is the way our instructor did it and made us do it.
Yes, very nice job!!! Two pairs of very sharp eyes as well as being very knowledgeable.
One thing I noticed is that the gentleman from Coin World (Charles Morgan?) was not using a loupe. Not sure how he felt he can get away with that in a competition against two successful coin dealers (who are comfortable buying raw) and the WINGS guy.
Before seeing the results of the competition, I'd have placed Andy and James in the top two and the CW guy fourth based on my assumptions of them.
Also, Andy and James were very dry and technical in their conduct. Lance was being humorous, and the CW guy seemed like he was writing a brief informative story about each coin (which was probably his intention as opposed to simply being his style).
Does anyone else here thing the Peruvian piece graded VF30 was grossly undergraded? The coin actually was well struck for the type and had tons of luster! I could see them grading it 45 instead of AU but VF30! Really!
I also think it would be more interesting if there was a time limit of say 30 seconds per coin to put the pressure on like the Professional graders supposedly have! That's not to say coins should be graded that way!
I also think it would be more interesting if there was a time limit of say 30 seconds per coin to put the pressure on like the Professional graders supposedly have! That's not to say coins should be graded that way!
Coins are graded that way. The video lasts 54 minutes from start to finish including the extras, and therefore the total net time per contestant for the entire box of 20 does not exceed 10-12 minutes, which is pretty close to a max of 30 seconds per coin. Several coins were being graded in less than 10 seconds, and there is no way to tell how long it would have taken them without the comments that they made for the benefit of the viewers.
Considering the large percentage of Latin American coins I would have expected Andy to do better, but both him and James did very well overall. Congrats to both of you for spotting the graffiti on the sovereign and for the total score. Zohar, thank you for posting this !
And a suggestion for next time: if a contestant misses the grade category (ex. calling a VF coin XF or AU), he should get a minus 1 to minus 3, depending on how far off he's been.
I don't think that I would have done better than the CoinWeek guy, given the large variety of countries of origin, dates and different metals, although I'd like to believe that I would have saved myself the embarrassment of grading the Palestinian mil at MS63 (NGC grade AU50) or the 50 mils (VF25) at AU53. I also suggest to those who haven't seen the video yet, to fast forward his 10 minute monologue on the Balboa...
And yet, he was the only one who got the military bust 8 escudos right at first (AU58), but unfortunately he switched his grade to MS61. Moral of the story here is to go with the first instinct, which is usually the right one.
I would guess that many of these coins were chosen for the competition because they were deemed difficult to grade accurately, judging by how times most or all of the dealers were off in pretty much exactly the same direction (overgrading or undergrading). Probably, the NGC grades were not would one would expect. I would advise passing these coins through NGC graders a couple of times before using them in the competition in order to ensure consistency in grading.
And yet, he was the only one who got the military bust 8 escudos right at first (AU58), but unfortunately he switched his grade to MS61. Moral of the story here is to go with the first instinct, which is usually the right one.
Considering that all four competitors graded the piece 61-62, NGC was probably "wrong" to call it a 58.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Comments
cool vid, thanks for sharing. If NGC does another video like this, one tip for them would be to have a hi-res picture up of the coin on the screen while the pros are talking about it.
That was a fun video.
Is James a dealer?
Atlas.
Taler Custom Set
Ancient Custom Set
Thank you. I've known the others for a long time. Now, I don't get out much. That is a great way to see how a grader's mind works. It is the way our instructor did it and made us do it.
This video is the best
Jeremy Bostwick
For exceptional works of medallic art, check out our current inventory at Numismagram!
Nice job @Atlascoin and @MrEureka !
8 Reales Madness Collection
Thanks everyone! It was a lot of fun. Andy and I are talking about a rematch...
Ha ha we want a rematch.
Sweet !!!
Cool video
Latin American Collection
Well done guys. I really enjoyed watching that video. New and old time collecters can both learn something.
That was fun to watch. Thank you for providing additional details like coins being originally stored in cellophane, etc. Very useful information.
I want to see that 1827 8 Soles again!!!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Yes, very nice job!!! Two pairs of very sharp eyes as well as being very knowledgeable.
One thing I noticed is that the gentleman from Coin World (Charles Morgan?) was not using a loupe. Not sure how he felt he can get away with that in a competition against two successful coin dealers (who are comfortable buying raw) and the WINGS guy.
Before seeing the results of the competition, I'd have placed Andy and James in the top two and the CW guy fourth based on my assumptions of them.
Also, Andy and James were very dry and technical in their conduct. Lance was being humorous, and the CW guy seemed like he was writing a brief informative story about each coin (which was probably his intention as opposed to simply being his style).
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Fun video!
My YouTube Channel
Thanks for sharing
Really liked this video!
I enjoyed watching the video, thanks!!
Pretty Cool.
Does anyone else here thing the Peruvian piece graded VF30 was grossly undergraded? The coin actually was well struck for the type and had tons of luster! I could see them grading it 45 instead of AU but VF30! Really!
I also think it would be more interesting if there was a time limit of say 30 seconds per coin to put the pressure on like the Professional graders supposedly have! That's not to say coins should be graded that way!
Coins are graded that way. The video lasts 54 minutes from start to finish including the extras, and therefore the total net time per contestant for the entire box of 20 does not exceed 10-12 minutes, which is pretty close to a max of 30 seconds per coin. Several coins were being graded in less than 10 seconds, and there is no way to tell how long it would have taken them without the comments that they made for the benefit of the viewers.
Considering the large percentage of Latin American coins I would have expected Andy to do better, but both him and James did very well overall. Congrats to both of you for spotting the graffiti on the sovereign and for the total score. Zohar, thank you for posting this !
And a suggestion for next time: if a contestant misses the grade category (ex. calling a VF coin XF or AU), he should get a minus 1 to minus 3, depending on how far off he's been.
myEbay
DPOTD 3
I don't think that I would have done better than the CoinWeek guy, given the large variety of countries of origin, dates and different metals, although I'd like to believe that I would have saved myself the embarrassment of grading the Palestinian mil at MS63 (NGC grade AU50) or the 50 mils (VF25) at AU53. I also suggest to those who haven't seen the video yet, to fast forward his 10 minute monologue on the Balboa...
And yet, he was the only one who got the military bust 8 escudos right at first (AU58), but unfortunately he switched his grade to MS61. Moral of the story here is to go with the first instinct, which is usually the right one.
myEbay
DPOTD 3
I would guess that many of these coins were chosen for the competition because they were deemed difficult to grade accurately, judging by how times most or all of the dealers were off in pretty much exactly the same direction (overgrading or undergrading). Probably, the NGC grades were not would one would expect. I would advise passing these coins through NGC graders a couple of times before using them in the competition in order to ensure consistency in grading.
Good stuff
Best place to buy !
Bronze Associate member
Considering that all four competitors graded the piece 61-62, NGC was probably "wrong" to call it a 58.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.