How much should a coin be penalized for abrasions and marks?
bidask
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All other things being equal when it comes to grading criteria, say you are choosing between 2 coins both graded AU 58 by a third party grader.
Although both coins are graded the same, one coin is noticeably more abraded than another.
Granted this may be subtle but none the less noticeable.
How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions?
photo by blu62vette
Although both coins are graded the same, one coin is noticeably more abraded than another.
Granted this may be subtle but none the less noticeable.
How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions?
photo by blu62vette
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
0
Comments
EAC 6024
<< <i>"MARKS: There are usually very few marks for this grade. Instead of marks, the principal detractions on the typical AU58 coin are rub or hairlines. The few marks should not be major or in prime focal areas. A coin that would grade AU58 from a wear standpoint, but has numerous marks, would be graded AU55 or lower." Thus priced at the level of AU55 or lower. >>
I appreciate what you said.......ok how about a AU 58 with minor hairlines versus a AU 58 without hairlines?
Same question.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions? >>
Are you expecting an answer like, for example, 9%?
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<< <i>How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions? >>
Are you expecting an answer like, for example, 9%? >>
Not easy to answer, is it......
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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
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<< <i>How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions? >>
Are you expecting an answer like, for example, 9%? >>
Not easy to answer, is it...... >>
No, I would say that it is impossible to answer in any way that would be useful, or which could be applied to any real word situation in which two actual coins are being compared.
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<< <i>
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<< <i>How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions? >>
Are you expecting an answer like, for example, 9%? >>
Not easy to answer, is it...... >>
No, I would say that it is impossible to answer in any way that would be useful, or which could be applied to any real word situation in which two actual coins are being compared. >>
Really........you think!?
I would think real coin world situations on any 2 coins in the same graded TPG slab with the question I posed presents itself all the time .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>I would think that prices on AU-58s would be like any other grade . . . low end, solid, high end for the grade with commiserate pricing. Or am I totally off base? >>
No, you are right. Too many variables. Also, depends on which coin and who's doing the selling and who's doing the buying.
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
<< <i>I would think real coin world situations on any 2 coins in the same graded TPG slab with the question I posed presents itself all the time . >>
I'm sure it does. I'm also pretty confident that different people will have different opinions regarding what sort of "abrasions and marks" (and in what locations) would result in pricing differentials, and what those differentials might be.
IMO, there is not just one correct answer to the question you asked.
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<< <i>How much less value should the coin with more marks be versus the coin with fewer marks?
Or said another way, how much more would a coin be worth to you with fewer abrasions? >>
Are you expecting an answer like, for example, 9%? >>
Not easy to answer, is it...... >>
No, I would say that it is impossible to answer in any way that would be useful, or which could be applied to any real word situation in which two actual coins are being compared. >>
Really........you think!?
I would think real coin world situations on any 2 coins in the same graded TPG slab with the question I posed presents itself all the time . >>
You didn't provide a "real coin world situation" or show two like graded coins, did you? You asked a general question about two theoretical coins, and I don't see how anyone could give you a useful answer on that basis.
A coin that is "acurately" graded can be penalized up to a grade-level lower (or more) for abrasions, marks, etc ... or be rewarded up to a grade level higher (or more) for a lack thereof.
In the real world each coin needs a willing seller and a willing buyer to trade hands at an agreed on price.
On an AU58 coin such as you speak, a little research will tell you some series and issues reward "super-sliders" with "63 money" (or better), and other AU58's might not even garner decent "53 money".
Where in that range is a fair market value for that coin? Depends on the coin, the buyer and the seller.
If I'm buyiing, I better have some idea. If I'm selling I should have some idea. If I'm sitting on the fence, I may have an idea, but it the end it doesn't make any difference ... 'tis not my money.
“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