I’m mostly concerned with surface preservation or technical grade, overall eye appeal and originality.
One of my biggest pet peeves with grading is “market grading.”
Just because a technical 65 has pretty colors on it doesn’t make it a 66+!
Perhaps they will be grade in the future. Wine is graded. Stamps and cards are now graded. Postcards my be next. Diamonds have been graded "forever." LOL.
Once there is a need, it will be done. Grades are a ranking of similar objects. It is hard to ever see something like a unique object like a painting be graded the same way things with many examples are.
From a collecting aspect, authenticity is the primary reason to submit a coin for grading.
Depending upon the coin, other reasons could be attribution (such as for die varieties) and participation in registry sets.
Everything else is improved marketability. I didn't read all the posts here but to reply to one proposed reason, it isn't necessary to grade a coin to preserve it, except in the sense that this will reduce the chances of a reduction in it's future TPG eligible grade which is once again, marketability. It matters somewhat more for proofs versus circulation strikes but even excluding discovered hoards, coins survived for centuries essentially as struck before TPG even existed. I own many.
Coin grading establishes a perception of value in the marketplace...for better or worse.
Other factors, such as strike, eye appeal, popularity, etc., will either ad or subtract from that value.
@MrEureka said:
2. A means by which a common coin can be made rare.
Oh, yes - this is a separate discussion which we can expand on.
It seems from the input received, other than the expanding on the definitions & standards (Authentication, Numerical Grade & Value) the discussion of "what is important about coin grading" has reached a conclusion.
I will start a new discussion on "Relevance" that I hope will bring forth new ideas & constructive debate...
Comments
While we are on the subject of unique, one of a kind art (i.e. paintings, sculptures, carvings...etc.) - why canty we "grade" these objects?
They don't have features worth quantifying? Or is it, their uniqueness over whelms any judgement of quality made by others?
HJP
I’m mostly concerned with surface preservation or technical grade, overall eye appeal and originality.
One of my biggest pet peeves with grading is “market grading.”
Just because a technical 65 has pretty colors on it doesn’t make it a 66+!
Perhaps they will be grade in the future. Wine is graded. Stamps and cards are now graded. Postcards my be next. Diamonds have been graded "forever." LOL.
Once there is a need, it will be done. Grades are a ranking of similar objects. It is hard to ever see something like a unique object like a painting be graded the same way things with many examples are.
I view the PCGS brand as the synthetic oil in the engine that will nicely lubricate a sell transaction for my collection, whenever that time comes.
"Got a flaming heart, can't get my fill"
From a collecting aspect, authenticity is the primary reason to submit a coin for grading.
Depending upon the coin, other reasons could be attribution (such as for die varieties) and participation in registry sets.
Everything else is improved marketability. I didn't read all the posts here but to reply to one proposed reason, it isn't necessary to grade a coin to preserve it, except in the sense that this will reduce the chances of a reduction in it's future TPG eligible grade which is once again, marketability. It matters somewhat more for proofs versus circulation strikes but even excluding discovered hoards, coins survived for centuries essentially as struck before TPG even existed. I own many.
I tend to agree that authenticity is the key reason for submitting anything for third party evaluation.
Marketability- this drives the whole context of this discussion (like it or otherwise...)
Coin grading establishes a perception of value in the marketplace...for better or worse.
Other factors, such as strike, eye appeal, popularity, etc., will either ad or subtract from that value.
Consistent grading.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Oh, yes - this is a separate discussion which we can expand on.
It seems from the input received, other than the expanding on the definitions & standards (Authentication, Numerical Grade & Value) the discussion of "what is important about coin grading" has reached a conclusion.
I will start a new discussion on "Relevance" that I hope will bring forth new ideas & constructive debate...