World Series Grading results now posted

homerunhall · January 12, 2004 11:01AM

Here's are the preliminary results from the first round of the PCGS World Series of Rare Coin Grading. There were 34 pople who participated in the first round, including 16 dealers and 18 collectors. In the dealers division, out of a possible perfect score of 100, the scores ranged from a high of 77, to a low of 52. In the collectors division, the scores ranged from a high of 65.5, to a low of 16.5. In scoring the results, I noticed that the big difference between the dealers and the collectors was when a dealer missed he usually missed by only one grade, while the collectors often missed by two or more grades. The collectors also tended to grade a lot more conservatively than the dealers.

The to winners of the dealer division were Steve Slater (77) and Chris Napolitano (75), both of whom have earned a spot in the final round of the World Series and a chance at the $5,000 first prize. The two runners-up were Andy Lustig (74.5) and Jason Carter (73), both of whom are now alive as possible "wild card" entrants in the finals. The two winners of the collectors division were Matthew Kleinsteuber (65.5) and Jon Sullivan (60.) The two runners-up in the collectors division were Mark Kever (59) Richard Hennessy (56.) Note that all of these results are preliminary and must be verified, i.e. we want to make sure that everyone competing in the collector division was a collector and not a dealer, we want to triple check the score calculations, etc.

Check out the PCGS website for a list of the coins and the PCGS grade.

We'll be sending everyone their individual results by email tomorrow.

Thanks to all who participated. Hope you had fun.

David

Tsimmerdown · January 12, 2004 11:14AM

Wow.. it's been up for 10 minutes now, and no one's discovered it? Where are the trash talkers?

Russ · January 12, 2004 11:15AM

I'd rather see the important grading results posted. Submission #3032536.

Russ, NCNE

itsnotjustme · January 12, 2004 11:15AM

Sounds like FUN!

Might want to check line 9

9 1965 50C PR64 PR??

nucklehead · January 12, 2004 11:19AM

<< Sounds like FUN!

Might want to check line 9

9 1965 50C PR64 PR?? >>

LOL! Great catch.

homerunhall · January 12, 2004 11:19AM

Brian,

Line 9 should read 1961 25C PR64

Thanks,

David

STEWARTBLAYNUMIS · January 12, 2004 11:21AM

Of course I don't agree with ALL the PCGS grades.Especially the corroded California commemorative as an ms 65 GEM.....Duh

stewart

itsnotjustme · January 12, 2004 11:22AM

That makes more sense!

RGL · January 12, 2004 11:23AM

Congrats to those listed ... collectors grade more conservatively that dealers ... interesting outcome.

Homerunhall: About what you expected or better or worse, performance wise, from dealers and collectors?

stujoe · January 12, 2004 11:23AM

The collectors also tended to grade a lot more conservatively than the dealers.

Tell us something we don't know!

Russ · January 12, 2004 11:25AM

Lustig came in third? Didn't he used to grade for PCGS?

Russ, NCNE

nucklehead · January 12, 2004 11:27AM

<< Lustig came in third? Didn't he used to grade for PCGS?

Russ, NCNE >>

This is going to be a FUN thread.

tjkillian · January 12, 2004 11:30AM

It is a good thing I did not compete: they had only one non-modern coin, a 1795 half dollar. Most of the coins were 20th century to boot! Not a single bust or seated liberty coin of any denomination! Was the 1909 cent an indian cent? If not, there were virtually no coins that I specialize in in the set. How about making it a wider selection of coins instead of all moderns?

Tom

homerunhall · January 12, 2004 11:31AM

RGL...The results were just about what I expected. I thought 75 to 80 would be tops for dealers.

Russ...Andy Lustig graded for PCGS a while back and obviously has a great eye.

Stewart...You actually did very well and came close, even though you don't know s**t about grading commems. I was impressed...and of course you nailed all the copper coins.

David

RGL · January 12, 2004 11:33AM

Well, there you have it: Even the best non-PCGS graders are going to disagree with Newport Beach 23 percent and 35 percent of the time ...

foodude · January 12, 2004 11:37AM

Participating was a lot of fun. Anyone on the fence about giving it a try should give it a shot.

zenny · January 12, 2004 11:38AM

<< Well, there you have it: Even the best non-PCGS graders are going to disagree with Newport Beach 23 percent and 35 percent of the time ...

>>

actually, it's more like 57% of the time for the dealers (if in fact they did miss, generally, by one grade - that's 23 different grades out of 40 possible opportunities) hard to say about the collectors percentage-wise, if they are missing by more than one grade.

very interesting, as expected.

MrEureka · January 12, 2004 11:45AM

First, STEWARTBLAY, I agree on the California. I was on the 63/64 line and went with 64. The corrosion bothered me, as did the light staple scratch.

Second, I'm sure I messed up on the PR 64 1965 Kennedy. Heck, I didn't even know they made those!

kieferscoins · January 12, 2004 12:15PM

I am happy for the two YN's (both under 21) who won the collectors division. Way to go guys!

Cameron Kiefer

STEWARTBLAYNUMIS · January 12, 2004 12:20PM

I agree with Andy as I graded the commemorative ms 63,but then again I don't know s**t about grading commemoratives.I guess a Proof 65 SMS half dollar is a new designation.

Stewart

RGL · January 12, 2004 12:29PM

Here's a LINK on the coins/grades used in the grading competition ...

roadrunner · January 12, 2004 12:40PM

Only one non-modern, and no liberty seated coins of any type? What kind of contest was this? No wonder Andy only got third?

roadrunner

FrattLaw · January 12, 2004 12:42PM

<< In the collectors division, the scores ranged from a high of 65.5, to a low of 16.5. >>

Wow! I got something to shoot for now! (the 16.5 not the 65.5

)

Sounds pretty fun and I'm excited to do this @ Long Beach.

Congrats to the winners!

Michael

clw54 · January 12, 2004 12:44PM

They're doing this at Long Beach?

RGL · January 12, 2004 12:45PM

Hmmm ... me thinks there will be no Peace toners among the competition coins at LB.

nucklehead · January 12, 2004 12:46PM

<< They're doing this at Long Beach? >>

Yep.

clw54 · January 12, 2004 12:48PM

You gonna try it, Nuck?

ccex · January 12, 2004 12:56PM

<< 

<< They're doing this at Long Beach? >>

Yep. >>

I'd fly to Long Beach to grade if the sample were mostly circulated Barber coins! Since the sample coins are mostly moderns (like the bulk of PCGS submissions, I guess), I'll save my money and keep having fun with the coins not worth submitting to PCGS.

Russ · January 12, 2004 12:57PM

Big deal. They're not doing it at the Boeing Coin Club show this weekend.

Russ, NCNE

RGL · January 12, 2004 12:58PM

They might do it in Seattle, but darn if they can't find a single AH to include among the competition coins ...

airplanenut · January 12, 2004 12:58PM

<< Big deal. They're not doing it at the Boeing Coin Club show this weekend.

Russ, NCNE >>

Yeah Boeing!!!!!!!!!!!!!!!!

nucklehead · January 12, 2004 1:03PM

<< You gonna try it, Nuck? >>

Nope,got better things to do with my $50.00.Besides I don't claim to be a world class grader.

barberlover · January 12, 2004 1:04PM

<< The collectors also tended to grade a lot more conservatively than the dealers.

Tell us something we don't know!

>>

, And thats bad ? This contest could only have 1 possible outcome, dealers grading less conservative then collectors. That is not a knock on PCGS, rather it is a compliment to collectors.

When I look for a coin I'm grading the coin myself as well as supporting PCGS. If I see a coin without eye appeal I'm not going to buy it in or out of a pcgs/ngc/anacs holder and unless a coins eye appeal floors me I won't buy a coin thats low end technically for my own standards, I'd rather be thought of as tighter then the dealers rather then "getting it right". The Losers in this contest that lost because they were a point to lose should have more time with grading guides but the people who lost because they were a point to tight should feel good not bad.

Some of you come to Minneapolis some time and we'll have a grading contest on Barber quarters & halves. !!!! {LOL} Your invited David.

Les

Russ · January 12, 2004 1:04PM

<< but darn if they can't find a single AH to include among the competition coins ... >>

I could loan them a few.

Russ, NCNE

foodude · January 12, 2004 1:04PM

but darn if they can't find a single AH to include among the competition coins ...
Russ has them all. Russ post that pic again of your stacks of AHs

edited to add: Thanks for posting the pic below Russ. Wow, that's a scary pic

I'm glad you don't collect MS Franklins. You'd probably have stacks of one of the dates everyone would need

Russ · January 12, 2004 1:11PM

<< Russ has them all. Russ post that pic again of your stacks of AHs >>

You don't have to ask me twice.

Russ, NCNE

Wolfy00002 · January 12, 2004 1:15PM

Russ, what does the NCNE mean?

barberlover · January 12, 2004 1:16PM

Russ, The Kennedy king!!!!

dragon · January 12, 2004 1:30PM

Wow, those scores are quite a bit lower than I would've guessed. I thought it would've taken at least a score in the high 90's to win. I guess I missed my chance at fame and fortune

dragon

dragon · January 12, 2004 1:37PM

So the winner in the collectors division won with a score of 65.5 out of a posible 100??

Doesn't that mean he could've missed nearly every single coin by one grade point? That's unbelievable

dragon

clw54 · January 12, 2004 2:01PM

<< 

<< You gonna try it, Nuck? >>

Nope,got better things to do with my $50.00.Besides I don't claim to be a world class grader. >>

Me neither.

FrattLaw · January 12, 2004 3:34PM

<< Hmmm ... me thinks there will be no Peace toners among the competition coins at LB. >>

Oh well, that's probably the only coin I can grade with any consistency. But since Hall's paying my way in and I don't mind being completely publically humilated over my lack of grading skills since he's going to post my score, I figured why not! And if by some miracle I win he's gotta fork over a $1000 of his own money.

Sounds like fun!

Michael

Coppernicus · January 12, 2004 5:30PM

This competition is a great idea! (IMHO) Who cares what the scores are? Or, whether dealers score better than collectors? It's FUN!! Just wish I could enter at one of the shows - I'd bomb but the Lincolns would've been fun to grade! Everything else would be a WAG for me.

Good luck to all participants!

Mike

tradedollarnut · January 12, 2004 11:13PM

I see HRH wanted to give the participants a taste of what it's like for the graders day in and day out:

Morgan
Modern
Morgan
Modern
AG Morgan
Modern

Borrrrrrrrriiiiiiiiiinnnnnnnnnnggggggg!!!!!!!!!..................

nwcs · January 12, 2004 11:19PM

Wish they had this around my area, though. Even though I would be only average at grading it would be a great experience and give me an idea of where I stand relative to others.

kieferscoins · January 13, 2004 12:24AM

Both collector division winners were YN's! Way to go guys!

Cameron Kiefer

RiffRaff1967 · January 13, 2004 12:48AM

First of all, congrats to the leaders, and especially the YN collectors!

I sure would like to see scans of the coins so that I could go through them.... I'm particularly wondering about the 1942 10C Altered surfaces and the 1927-D $20 Counterfeit (Added D) - were these easy to pick out? Also, how much of a deduction if you graded them?

Shamika · January 13, 2004 1:04AM

"The collectors also tended to grade a lot more conservatively than the dealers."

Surprise, surprise!

SeattleSlammer · January 13, 2004 1:52AM

Is anyone else surprised that nobody even got a B (at least 80%) on this test?

Talk about a curve.

77% = A

Barry · January 13, 2004 2:08AM

Would be interesting to have the actual PCGS graders take it and see how they do.

barberlover · January 13, 2004 3:30AM

<< Would be interesting to have the actual PCGS graders take it and see how they do. >>

Don't mean to hurt anyones feelings here, but according to David, one of PCGS's former graders took the test and only got 3rd place in the dealers division.

I will readily admit if I had taken this test I would not have spotted the coin with the altered date if it was a "good job"

. I'd be interested to know if the former PCGS grader made the right call on that one ?

Edited to add I think [at least for me] the single most valuable reason I buy PCGS coins and am loyal to David and PCGS is for thier authentification of my coins both against altered dates and counterfit coins, to me that is the most valuable part of the service they provide.

Les

World Series Grading results now posted

Comments

Leave a Comment