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#11
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US Mint come through
On Apr 9, 2:40*pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
EricBabula wrote: On Apr 9, 11:40 am, "Bruce Remick" wrote: "EricBabula" wrote in message .... On Apr 9, 9:44 am, "Scurvy Dog" wrote: Then, of course, you have to have a MS70+ with a CAC sticker. What a load of bull****... Anyone know what ever happened to the idea of a 100-point grading system? That was a while back, and I've been out of it for a while. Apparently, that never got enough traction, yet??? ++++++++++ The 100 point grading system is set to be applied exclusively to the popular MS70 grade, and will be designed to attract collectors of lesser means to the world of MS70. I believe it's going to kick off on April 1, 2011. Hey, Bruce! Good to see another familiar name - I guess there ARE still some people still around from when I used to read/post! You, Reid, Mike B., James (Mr. Jaggers), Alan Bruns......wonder how many others! I guess I gotta read up on that 100-pt grading crap. Not that it matters that much to me, per se, but I should at least know what it's all about. Um, Eric, kindly notice Bruce's starting date for the kickoff! As far as I know, the 100-point deal is defunct, as it was not received well by dealers. *And PCGS would not likely be investing in this new "plus grading" scheme of theirs if they thought it was going to be supplanted any time soon. *But, who knows, ya gotta have a gimmick, so anything is possible. James, Marveling Daily at New Wonders- Hide quoted text - - Show quoted text - Yeah, 2011! I somehow read that as 2010! Regardless, I think I might try to read up on it, if possible, just a little - see where it's going, or not. I can't imagine the dealers and especially most coin collectors would support a 100-pt grading system at this point. Who wants to get all their already-slabbed coins re-slabbed? Not me! Eric Babula |
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#12
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US Mint come through
EricBabula wrote:
On Apr 9, 2:40 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote: EricBabula wrote: On Apr 9, 11:40 am, "Bruce Remick" wrote: "EricBabula" wrote in message ... On Apr 9, 9:44 am, "Scurvy Dog" wrote: Then, of course, you have to have a MS70+ with a CAC sticker. What a load of bull****... Anyone know what ever happened to the idea of a 100-point grading system? That was a while back, and I've been out of it for a while. Apparently, that never got enough traction, yet??? ++++++++++ The 100 point grading system is set to be applied exclusively to the popular MS70 grade, and will be designed to attract collectors of lesser means to the world of MS70. I believe it's going to kick off on April 1, 2011. Hey, Bruce! Good to see another familiar name - I guess there ARE still some people still around from when I used to read/post! You, Reid, Mike B., James (Mr. Jaggers), Alan Bruns......wonder how many others! I guess I gotta read up on that 100-pt grading crap. Not that it matters that much to me, per se, but I should at least know what it's all about. Um, Eric, kindly notice Bruce's starting date for the kickoff! As far as I know, the 100-point deal is defunct, as it was not received well by dealers. And PCGS would not likely be investing in this new "plus grading" scheme of theirs if they thought it was going to be supplanted any time soon. But, who knows, ya gotta have a gimmick, so anything is possible. James, Marveling Daily at New Wonders- Hide quoted text - - Show quoted text - Yeah, 2011! I somehow read that as 2010! Regardless, I think I might try to read up on it, if possible, just a little - see where it's going, or not. I was referring to the April 1 part of that. 8) James the April Fool |
#13
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US Mint come through
"EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. |
#14
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US Mint come through
"mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. |
#15
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US Mint come through
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in
: Yeah, 2011! I somehow read that as 2010! Regardless, I think I might try to read up on it, if possible, just a little - see where it's going, or not. I was referring to the April 1 part of that. 8) James the April Fool Ha! I guess I'm pretty slooowwww! Gotta get back into the swing of things, and remember RCC's sense of humor! Eric Babula |
#16
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US Mint come through
Eric Babula wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in : Yeah, 2011! I somehow read that as 2010! Regardless, I think I might try to read up on it, if possible, just a little - see where it's going, or not. I was referring to the April 1 part of that. 8) James the April Fool Ha! I guess I'm pretty slooowwww! Gotta get back into the swing of things, and remember RCC's sense of humor! You need to head out to the coin show in Your Fair City this weekend. James the Showgoer |
#17
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US Mint come through
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in news:hpogra01bh9
@enews1.newsguy.com: Ha! I guess I'm pretty slooowwww! Gotta get back into the swing of things, and remember RCC's sense of humor! You need to head out to the coin show in Your Fair City this weekend. James the Showgoer Not likely to happen, unfortunately. I'll be trying to get out to ride my new bicycle! I'm psyched for that! Eric Babula |
#18
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US Mint come through
"Bruce Remick" wrote in message ... "mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. Move to the UK then. :-) Billy |
#19
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US Mint come through
"note.boy" wrote in message ... "Bruce Remick" wrote in message ... "mazorj" wrote in message ... "EricBabula" wrote in message ... On Apr 8, 3:30 pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! And be sure to ask for their new zooper-dooper Secure Plus slabbing. According to the item in this week's Coin World, this is an interesting development. The Secure Plus coin gets a hi-def scan that's detailed enough to serve as a unique fingerprint for each individual coin. Grading is largely tied to the scan, not to fallible human eyes squinting through a magnifier. If a previously submitted Secure Plus coin is cracked out and sent again for grading, they tie the new scan to the scan from the coin's previous submission. It automatically will get the same grade as the last time. If PCGS is to be believed, by taking much of the human element out of grading and by databasing the scans, this will help put an end to human-error grade inflation, repeated crack-out submissions in the hope of getting lucky with a higher grade, and it can identify any changes or cleaning/toning treatments affecting the surface after the coin was previously submitted and scanned. This could go a long way toward the goal of bringing more law and order to the grading process. (It also may put the CAC sticker people out of a job.) However, it's also going to intensify the price differentials for hair-splitting variations within a grade. They claim that the scan will positively and accurately separate specimens within the 10-point range for each grade, allowing the grader to more accurately assign the coin to the low, medium, or high range of any given grade. For example, a specimen of a PS-66 could score from 660 to 669. Those scoring at 668 will be graded PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders cannot always accurately grade down to the 3rd digit whereas the scanner supposedly can. So sellers of slabs with a + grade will have yet another marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+". While this time the + may actually be a reliable descriptor, it remains to be seen just how meaningful it is except in the minds of dealers. Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU. Or my personal precision favorite-- Avg Circ, especially when applied to 19th century coins. Move to the UK then. :-) Billy Where coins are Avg Circ? Actually, I think I would enjoy (a return to) the UK's grading system, although I'd probably have to get rid of my slabbed US coins if I moved there. Plus, they've got us scared about the prospect of a VAT here. I should wait until that's settled before any move. Plus, there's the cat. |
#20
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US Mint come through
On Apr 9, 9:58*am, EricBabula wrote:
On Apr 9, 1:58*am, sgt23 wrote: On Apr 8, 4:47*pm, EricBabula wrote: On Apr 8, 3:30*pm, "Scurvy Dog" wrote: I rec'd my War Vets and Boy Scout BU dollars within 10 days of ordering them. Both appear to be MS70, since I can't seem to spot a single flaw on them under 10X magnifcation. Well done, US Mint. Hurry! Get them to PCGS right away! * Why? Slab 'em at PCGS MS70. Sell 'em for a killing! Buy others (maybe MS67ish) and be happy with those, and a few extra bucks in your wallet. Or, keep 'em and enjoy the heck out of 'em!!! Well I hope your doing great with your sales. I'm not really in to selling my coins, I sometimes find it hard to even want to trade my coins away, but on an occasion I do trade with a friend. I personally prefer a raw coin, but I do have a few coins that are slabbed. The reason I prefer a raw coin, is because I like too be able to touch my coins and wonder where they have been. I just don't feel you can get that from a MS-coin in a slab. Oh and before I forget thanks for answering my question. Just my 2 cents worth. Gary |
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