• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

jom

Member: Seasoned Veteran
 View Profile  See their activity

  • Posts

    5,842

  • Joined

  • Last visited

 Content Type 

Posts posted by jom

    A Historical Review of the Sheldon 70 Point Grading System

    in US, World, and Ancient Coins

    Posted

    "The point where a coin's having been circulated drops it below other less eye appealing coins has always been arbitrary."

     

     

     

     

    I do not believe eye appeal should be part of the grading equation. Although I do not believe there is any way to avoid it.

     

    I should edit my statement: I meant to say "...circulated drops IN VALUE below...." so I wasn't referring to grade necessarily.

     

    However, the whole market is mixed up on this. On one end you have people who believe in technical grading but then others want the grade to reflect the value. Very confusing actually. So it is hard to say what a solution might be. I do know that more precision is useless....

     

    jom

    A Historical Review of the Sheldon 70 Point Grading System

    in US, World, and Ancient Coins

    Posted

    Why all the discussion over numbers? The system is NOT mathematical at all. The grading numbers are only a convenience not something you calculate with.

     

    If you think breaking up the grading scale into 100 or 1000 or even 1,000,000 steps will take away the huge price jumps...think again. There will always be a point where no matter what you do where the price jumps. "I want my MS65 not that lousy MS64.999999 and I'll pay to get it!"

     

    As to pricing accuracy: Forget it...each coin is unique and will bring the amount that is agreeable to buyer and seller. If the subjective opinion of the seller is a concern: Don't buy the coin! How hard can this possibly be?

     

    To me there are some issues with the system we have such as the AU58 vs MS62 "thing" which has never been resolved. Everyone knows a true AU58 will be a much nicer coin that many MS pieces so shouldn't the grading system reflect that? The point where a coin's having been circulated drops it below other less eye appealing coins has always been arbitrary. Why can't "wear" be just another detriment to a coin's preservation like bag marks, lack of luster or poor strike? Whatever the case, the present system doesn't have any kind of "fix" for this...not yet anyway.

     

    jom

    Post your most recent acquisition: US

    in US, World, and Ancient Coins

    Posted

    That 43-S Walker is a tough date to find nice. It fits your set quite well. (thumbs u :applause:

     

    I always enjoy looking at your set. Your 41-S, 44-P, 46-S and 47-D are all amazing!

     

    Congrats on reaching the halfway mark, as well.

     

    Keep it up!

     

    Thanks for the kind words, Jeff! And I am happy you enjoy looking. I'm working hard on it!

     

    Tyler

     

    Great set....love that 1944...

     

    jom