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Market grading vs. Technical Grading.....the answer to my coin grading question



 
 
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Old July 26th 05, 08:38 PM
Tony Clayton
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In a recent message "Ira Stein" wrote:

[snip]

PCGS has market graded the coin, and I used this as an illustration of
market grading being a two way street. The coin is dark, and the market
likes coins either white, light gray, or nearly so, and will tolerate
only lovely rainbow toning near the rims if it's not pure white! Of
course, the blueish dark gray toning of the coin shows an untampered
piece, but that won't garner a higher point grade. In fact, in detail,
the coin is nearly a perfect match for teh VF illustrated in Al
Overton's epic book on Bust Halves, and that book was published over 20
years ago!

Here's more.

The dealer thought he stole the coin in its NGC holder for $50,000,
felt confident he could make a fast $10-$12K by getting it graded VF25
by PCGs and at least $4-$5K even if it crossed at VF-20.

I bought it from him for $45,000 and sold it for $47,800. Certainly
brought very strong money for a Fine, but the coin had the detail of a
higher graded piece.

Thought the whole deal was kinda interesting and thought I'd share it
with y'all.


As a UK collector I would have given it as Fine without
looking up any grading guide.

Just as an interesting aside!

--
Tony Clayton
Coins of the UK :
http://www.coinsoftheuk.info
Sent using RISCOS on an Acorn Strong Arm RiscPC
.... Children: Pure love contained in soft packages.
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