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Are there ANY coins properly graded?

Started by goose3,

16 posts in this topic

goose3

goose3

Posted
Posted

It seems like virtually every slabbed coin, no matter what service, when offered for sale is either Undergraded, PQ for the grade, or an Upgrade candidate, or pointed out that it is in an "old holder" or OGH, etc....

 

It's a bit tiring to me to see all that hype virtually anywhere that coins are for sale or auction.

 

Aren't there any out there that are properly graded? 893scratchchin-thumb.gif

midwest

midwest

Posted
Posted
It seems like virtually every slabbed coin, no matter what service, when offered for sale is either Undergraded, PQ for the grade, or an Upgrade candidate, or pointed out that it is in an "old holder" or OGH, etc....

 

It's a bit tiring to me to see all that hype virtually anywhere that coins are for sale or auction.

 

Aren't there any out there that are properly graded? 893scratchchin-thumb.gif

 

Yes the ones that are properly graded to you. angel.gif

rexcat

rexcat

Posted
Posted

Yes the ones that are properly graded to you.

 

What da hay! Is the little guy actually saying something that makes sense?? 893whatthe.gif893whatthe.gif893whatthe.gif

 

I don’t know about anybody else, but I find this a little scary. insane.gif

CTcollector

CTcollector

Posted
Posted

70% coins are overgraded.

20% coins are correctly graded.

10% coins are under graded.

 

the 70% are the ones that need to be hyped. The 20% and 10% are, for the most part, in strong and knowledgeable hands.

 

Compare a PCGS/NGC population report from 7 years ago to today. Its an eye opening analysis.

Leothelion

Leothelion

Posted
Posted

Take all your mint state coins and divide them into 3 groups.

Put all the coins that have exceptional eye appeal into one pile.

All the coins that don't look as nice as the first group, put them in the next group.

The rest of the coins that look worse then the 2nd group, make your 3rd pile with them. 27_laughing.gif

 

The first group will grade MS67 to MS68.

The 2nd MS66 to possibly MS67

The last group MS66! 27_laughing.gif

 

If you want to factor the destracting marks of each coin, move the mark free coins up and vise-versa, the marked up coins down.

 

If you want to factor in how well the strike is for each coin then move those coins accordingly.

 

After doing all this, you should end up with alot of MS66 and MS67 coins!

 

Does this help? Don't let me know! 27_laughing.gif

 

Leo sign-funnypost.gif

bigd5

bigd5

Posted
Posted

Hype.

 

 

Nothing more, nothing less.

HaydenTubbs

HaydenTubbs

Posted
Posted

Leo sign-funnypost.gif

 

Braggart! wink.gif

 

I often find the hype humorous,how some sellers can cram so much of it on a crummy little $5 coin.And then the big boys with their L@@K!!!!!

Often times the un-hyped coins are the ones that really stand out!

-Hayden

cpm9ball

cpm9ball

Posted
Posted
Leo sign-funnypost.gif

 

Braggart! wink.gif

 

I often find the hype humorous,how some sellers can cram so much of it on a crummy little $5 coin.And then the big boys with their L@@K!!!!!

Often times the un-hyped coins are the ones that really stand out!

-Hayden

 

Hayden, I love the picture on your "signature line", but the cockpit is the other way!

 

Chris

EZ_E

EZ_E

Posted
Posted
70% coins are overgraded.

20% coins are correctly graded.

10% coins are under graded.

 

the 70% are the ones that need to be hyped. The 20% and 10% are, for the most part, in strong and knowledgeable hands.

 

Compare a PCGS/NGC population report from 7 years ago to today. Its an eye opening analysis.

 

Excellent, excellent post. Are those stats somewhat accurate?

 

Very true that the exceptional, eye-appealing coins are rapidly disappearing from the market. Those which remain usually draw high premiums. Without connections in this market then it is becoming increasingly difficult to obtain high quality items at a reasonable price.

 

p.s. BigD5,

 

You are so right. It is all hype except when those same dealers go to buy back the coin.

HaydenTubbs

HaydenTubbs

Posted
Posted
Leo sign-funnypost.gif

 

Braggart! wink.gif

 

I often find the hype humorous,how some sellers can cram so much of it on a crummy little $5 coin.And then the big boys with their L@@K!!!!!

Often times the un-hyped coins are the ones that really stand out!

-Hayden

 

Hayden, I love the picture on your "signature line", but the cockpit is the other way!

 

Chris

Hey man, lay off a little! I had to take a leak!

 

27_laughing.gif

Mozin

Mozin

Posted
Posted

What about the coins that are freshly graded and offered in Heritage auction for the first time? Are they perhaps a chance to get a properly graded coin at a reasonable price since they have not been shopped around? confused.gif

Elcontador

Elcontador

Posted
Posted

Actually, when I get a lot consultation, my contacts at the auction houses are very candid about the coins about which I have questions. I might hear that a coin is PQ for the grade maybe five times in the course of a year.

cpm9ball

cpm9ball

Posted
Posted
Leo sign-funnypost.gif

 

Braggart! wink.gif

 

I often find the hype humorous,how some sellers can cram so much of it on a crummy little $5 coin.And then the big boys with their L@@K!!!!!

Often times the un-hyped coins are the ones that really stand out!

-Hayden

 

Hayden, I love the picture on your "signature line", but the cockpit is the other way!

 

Chris

Hey man, lay off a little! I had to take a leak!

 

27_laughing.gif

 

sign-funnypost.gif27_laughing.gifsign-funnypost.gif27_laughing.gifsign-funnypost.gif27_laughing.gifsign-funnypost.gif27_laughing.gifsign-funnypost.gif

 

Chris

CTcollector

CTcollector

Posted
Posted
70% coins are overgraded.

20% coins are correctly graded.

10% coins are under graded.

 

the 70% are the ones that need to be hyped. The 20% and 10% are, for the most part, in strong and knowledgeable hands.

 

Compare a PCGS/NGC population report from 7 years ago to today. Its an eye opening analysis.

 

Excellent, excellent post. Are those stats somewhat accurate?

 

Very true that the exceptional, eye-appealing coins are rapidly disappearing from the market. Those which remain usually draw high premiums. Without connections in this market then it is becoming increasingly difficult to obtain high quality items at a reasonable price.

 

 

 

p.s. BigD5,

 

You are so right. It is all hype except when those same dealers go to buy back the coin.

 

No stats except on what I see with my own eyes. My comments on 70/20/10 were just tongue in cheek to illustrate a point that most of what is available for purchase today is over graded to marginal for the assigned grade and a heads up to newbies to be cognizant of the "hype".

 

I do like your point on selling back coins to the same dealer you purchased them from. Again, this could be an eye opening experience on how within a year or two a coin that was PQ for the grade magically becomes marginal or impaired in some other way. In fairness to the dealer community, there are some stand up dealers like Whitlow, Pinnacle, RCNH, and some others, who always pay (at least in my experience) strong money to purchase their coins back.

Leothelion

Leothelion

Posted
Posted

If you give it some thought, what would happen if the TGS were 100% accurate.

And every buyer got a great deal for his money.

Where the coin was good as gold!

(Scratch that last thought.)

 

Would you be collecting coins or could you afford to do so if every coin was graded accurately?

 

I personally believe there is a dividing line in all this but I don't want to say. wink.gif

 

Leo

Oldtrader3

Oldtrader3

Posted
Posted

I suspect that grades for NGC/PCGS group in some sort of normal distribution, plus and minus (3) standard deviations. Depending on the standard deviation magnitude, probably 60%+ are correctly graded according to that particular TPG's grading scale. This may be skewed after the fact however, because of crack-outs and resubmittals on coins better than average for the grade.

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