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coastaljerseyguy

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Posts posted by coastaljerseyguy

  1. Coinbuf.

    My comment was directed at EBAY and not at the lister.  I assume as any normal business they accrue future revenue received into the current fiscal period since the listing was initiated, even though not sold yet & fees received until later.  They probably have some formula based on historical averages that for every xxx dollars of listings they eventually receive $y.  Would be less then their actual fee rate to be earned (~ 4 - 12% based on sellers business model) knowing a lot of stuff doesn't ever sell.  But these scam listing inflate their gross listings. 

  2. Interesting post.  I acquired 1 double eagle from my dad when he passed away.  It was his birth year, 1927.  I believe he got it in Vegas in the early 70's.  He went there at least once a year during that period.  He was like RWB's uncle, he worked in a bank for over 25 years and also saved every silver coin that passed his way.  Anyway this coin somehow and somewhere circulated since it appears to be an XF.  I always wondered where it circulated and its been sitting untouched for many years now.  Finding it today figure I should store in a better holder.

    P1050293 (2).JPG

    P1050292 (2).JPG

  3. Although I agree that today, coin grading is both objective science and a subjective art, I believe it can be a science or close to one.  The definition and classification of good/bad: art, music, beauty, etc. will always be an art since it is ever evolving, so unique,  and new forms coming into existence. Not so for coins. The universe of classic coins has been defined, will not change, and there is a close ideal of what is perfection.  Have all coins been reviewed, no.  But the proper classification based on standards can be defined & graded, including eye appeal, since thousands of existing images can be classified by the TPGs and professionals whose opinions we value.  These can then be imaged, programmed, and repeated.

    Although this change would require significant time and money by the TPGs, there would appear to be a cost savings in the long run.  However there would also be the loss of revenue since regrades would be non-existent since 99.999% of the time the same grade would be returned every time.  God forbid.   

  4. I wouldn't underestimate the ability of programming & computers to gauge eye appeal in addition to the technical grade.  What is eye appeal anyway:

    • Great strike above whatever criteria you want to input - this is measurable
    • Great luster - measurable
    • Appealing toning - images can be fed into the program to determine what the TPGs & collecting community feels looks great, good, ok, horrible and computers can do the combination/permutations
    • Pure whiteness or lack of toning, spots, etc.

    And a human can always do the final once over for approval and consistency.  All modern coinage should be done by computers.

       

  5. Unless there was a different composition with the very early PCI holders, I'm thinking the coins were toned prior to slabbing, whether AT or NT.  I've had 2 PCI gold slabs and they have not changed in 15+ years. I can see some rim toning evolving, but not overall coin toning.  Maybe I'm wrong.