Is the "+" grading system just a stop on the way to 700 point grading?
MrEureka
Posts: 24,451 ✭✭✭✭✭
If the "+" is embraced by the market, it should make a transition to 700 point grading more viable. How do you think it might play out?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Ed. S.
(EJS)
a xx.7 , xx.8 and a xx.9 bucket
and then a
xx.0 , xx.1, xx.2, xx.3 , xx.4 and xx.5 and xx.6 all get thrown into a giant bucket.
Like it or not it seems to me that the market is going to evolve naturally into a 700 point system as the next logical step.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Like it or not it seems to me that the market is going to evolve naturally into a 700 point system as the next logical step. >>
With all due respect to our hosts, I don't think there's anything logical about the liklihood of being able to consistently grade at that level of precision.
My guess is the info gathered from the current secure plus system could help develop it.
There will still be human graders to score a coin on the aspects that the machine but a machine will be used to determine the wear factor,authenticity,strike and perhaps other info about a coin.
Besides, it would just give me a headache. Can you imagine the price guides?
Liberty: Parent of Science & Industry
<< <i>With all due respect to our hosts, I don't think there's anything logical about the liklihood of being able to consistently grade at that level of precision. >>
Wait 3-5 years, the revenue stream from grading classic coins will necessitate another 'upgrade'.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Are they really that percise? No, I think they aren't. But if I read between the lines, the plus is for coins that three competent graders
are saying grade it decent 66, grade it decent 66, and grade it strong 65; and the finalizer is on the borderline as well.
However, I would like to see that we do not further expand the system's numbering further.
No two coins are truely the same. The current system (less the plus adder) works. The Plus adder allows PCGS to identify "super-shot"
coins. True 'tweeners. As the spreads on these escalate, that is the crack-head and doctors biggest hit list ... and hopefully, HOPEFULLY ...
this can help stem the tide in saving those pieces from the damages we are all constantly witnessing.
Some of these are national treasures, and many of us (here especially) want nothing more to preserve them in their current state.
Finally, as Baley points out;
The price guides don't need to have every little subdivision listed, as long as people begin to understand the concept of interpolation.
I couldn't agree more. What is the use really of that type of pricing? A 64.2 (or 642 as you will) is worth less than a 64.3 (64.3)? Really??
Maybe, maybe not.
If the Uncirculated popolation is 25 coins, and the graders lay them all out side by side, and assign individual numbers to each for census and
ranking ... okay ... maybe. A big maybe.
It's still my (our) money, so I suspect I'll let my (our) eye decide that.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>
<< <i>Like it or not it seems to me that the market is going to evolve naturally into a 700 point system as the next logical step. >>
With all due respect to our hosts, I don't think there's anything logical about the liklihood of being able to consistently grade at that level of precision. >>
Exactly right, there's obviously enough trouble trying to grade consistently using the present system considering all the coins that are cracked out and make a different grade the next go-round. I don't care how good a grader you are, everyone has "off" days and makes mistakes, so to do this successfully with so many increments in grade with any degree of consistency is virtually nil.
Check out some of my 1794 Large Cents on www.coingallery.org
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire