100 Point Grading Scale
mintluster
Posts: 926
Are you for it or against it?
I vote Yes for it, I think it is long overdue.
I welcome your thoughts.
I vote Yes for it, I think it is long overdue.
I welcome your thoughts.
0
Comments
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.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>I welcome your thoughts. >>
Looks like a troll ... smells like a troll ... must be a troll ...
Happy Rock Wrens
You're having delusions of grandeur again. - Susan Ivanova
Well, if you're gonna have delusions, may as well go for the really satisfying ones. - Marcus Cole
<< <i>Are you for it or against it?
I vote Yes for it, I think it is long overdue.
I welcome your thoughts. >>
Shifting shadows in a changing dream.
You tell Dr. Sheldon, I'm not telling Dr. Sheldon.
Isn't the Registry just an automated version of slab whist?
A penny for your whimsey!
<< <i>Why are you for it? >>
It will be easier to understand for new collectors.
The Sheldon scale story is not applicable today (was it ever?). 70 is supposed to mean a perfect coin is worth 70 times the amount of a coin graded 1? That is completely inaccurate and very misleading. An MS-70 is worth far more than a 1 in every coin series.
All other TPG in all other collector markets (sportscards, comics, toys, etc.) use a 10 point or 100 point scale. It's interesting how every other TPG of other markets that were created after PCGS, all use a 10 pt or 100 pt scale. As soon as they saw the 70 pt scale used in coins, they immediately changed it and went with a 10/100 pt system. Even PSA, which was created by the same guy who gave us PCGS, Mr. David Hall, went with a 10 pt scale for sports cards.
A 100 scale for coins/paper money makes sense, in my opinion.
I bet once the numerical sequence of 100 is finalized, it will be far easier to explain and understand than the current 70 point system.
If you don't support it, is it because "it's always been this way" or is it because you actually believe it will not be a system easier to understand and easier to explain to new collectors?
I doubt anyone would complain if we had been using a 100 point system for the last 20 years.
Change is good - when it is needed and improves something.
Now is the time to do this if it is going to be done. We should do this while the market is healthy and collector-driven.
The thousands of dollars I would be able to spend re-slabbing my collection!
I was wondering where I was going to spend that money....
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
They must be tired of Xeroxing their MS70 insert by now!
However, switching over from the current 70-point scale would be a logistical nightmare.
<< <i>70 is supposed to mean a perfect coin is worth 70 times the amount of a coin graded 1? That is completely inaccurate and very misleading. An MS-70 is worth far more than a 1 in every coin series. >>
Not in modern commemoratives. I'd wager that an honest PO-01 modern commem would sell for more than an MS70.
mintluster is a PCGS plant to psychologically sway us into wanting it.
Great transactions with oih82w8, JasonGaming, Moose1913.
A TWO-POINT SCALE: Crap and Non-Crap.
I may start my own TPG!
Think long-term. Will this be better for the hobby in the long run?
Our current graded coins could remain in their holders if you desired. We would just know now that an MS64 is actually an MS94.
And all coins graded from this point on would be with the new scale.
I can't believe that people would not support it simply because they think it is a ploy to get more monrey from re-holder fees. PCGS re-holder fees are only 5 bucks a coin. And since you would not have to re-holder them unless you wanted to, I don't think that argument carries any merit at all.
I think this is better for the hobby in the long run and I fully support it, regardless of that poll I just participated in.
If it had be a 100 point scale for the last 20 years and PCGS was trying to change it to a 70 point scale, everyone here would be screaming about that. I imagine if it changes to a 100 point scale, everyone will accept it and get over it fairly quickly.
<< <i>I realize the logistics of this would be expensive currently. But nobody said you would have to get all of your current inventory re-slabbed.
Think long-term. Will this be better for the hobby in the long run?
Our current graded coins could remain in their holders if you desired. We would just know now that an MS64 is actually an MS94.
And all coins graded from this point on would be with the new scale.
I can't believe that people would not support it simply because they think it is a ploy to get more monrey from re-holder fees. PCGS re-holder fees are only 5 bucks a coin. And since you would not have to re-holder them unless you wanted to, I don't think that argument carries any merit at all.
I think this is better for the hobby in the long run and I fully support it, regardless of that poll I just participated in.
If it had be a 100 point scale for the last 20 years and PCGS was trying to change it to a 70 point scale, everyone here would be screaming about that. I imagine if it changes to a 100 point scale, everyone will accept it and get over it fairly quickly. >>
What do you think about my two-point crap system?:
I'd reholder for free!
After I was in business for 20 years I would raise revenue by moving to a 3 point scale: TOTAL CRAP, CRAP, or NON-CRAP.
of changing nothing and using 100 pts then it would still be an improvement
<< <i>Details. I'd need some details to have an opinion. If it's just a matter
of changing nothing and using 100 pts then it would still be an improvement >>
You know I always respect your posts, cladking, but I think here you missed the point (so to speak).
Let's jump to a 1000 point system so we don't have to have this debate again in another 20 years!
The problem with switching to the 100-point system is that it would create a confusing transitional period while people voluntarily switched to the new system, but wouldn't really simplify grading. The same vague, subjective, confusing grades would exist, just with rounder numbers attached to them; unless you wanted to change grading itself and not just the meaningless numbers. That would be a much bigger undertaking, and would create even more confusion in the interim. While newer collectors might find the 100-point system more logical, it wouldn't make grading itself any less of a problem. Buy the coin, not the number.
<< <i>I like questor's idea!
The problem with switching to the 100-point system is that it would create a confusing transitional period while people voluntarily switched to the new system, but wouldn't really simplify grading. The same vague, subjective, confusing grades would exist, just with rounder numbers attached to them; unless you wanted to change grading itself and not just the meaningless numbers. That would be a much bigger undertaking, and would create even more confusion in the interim. While newer collectors might find the 100-point system more logical, it wouldn't make grading itself any less of a problem. Buy the coin, not the number. >>
True to some extent. If your scenario happened, and PCGS changed the numbering system and the grading assigned to each number (which I imagine they would have to do) it would only be confusing to those people not using PCGS. Anyone getting PCGS graded coins would understand their system because it would be explained in great detail and I am sure a manual would be created showing examples of each grade.
Even if it were "confusing" to people not using PCGS, it would only be confusing until everyone else changed and adopted the new standard. This is exactly what I predict will happen if PCGS goes through with this monumental change.
I predict the following sequence of events (assuming PCGS changes it's grading scale):
1. Some people will complain and say it is confusing
2. Some people will applaud the change and welcome it (me)
3. It will be successful like everything else PCGS has accomplished
4. Everyone else will follow PCGS's lead and copy them like everything else (you think starting PCGS was easy? Where are the critics now?....oh yea, they started their own grading companies, and some of them no longer exist)
5. We will have world peace...........
<< <i>Details. I'd need some details to have an opinion. If it's just a matter
of changing nothing and using 100 pts then it would still be an improvement >>
I agree. No matter what, even changing the numbers alone is an improvement in my book. I want that MS99 or MS100 PCGS slabbed!!
<< <i>I'd call my new 2 point TPG (2 grades only CRAP or NON-CRAP) - TCGS (Total Crap Grading Service) >>
Quester can you pick different initials TCGS is already in use.