grading systems

[ausjack]

Ok we want coin threads then here ya go so let the fights begin

Who likes what grading system and why?

I like the AJ system but it didn't catch on :laugh2:

[purplepennyhunter]

They're all different. Personally I like the British system as they call unc coins EF every day of the week. If you know how each uses them and then apply your own like/dislike to each coin then you'll have a collection that you're happy with. I know I've bought sight unseen PCGS/NGC slabs and haven't been happy with them, just like more often I've seen raw coins graded as unc/choice that are dipped/cleaned/worn rubbish.

[Bigfellani5]

When I buy I don't care what system and uses or what grade they make up. I form my own opinion. I use the Aussie system when selling.

[ausjack]

just lookin around and found this and I like the idea of the fist grading system where you had new and used and the "early" system wasn't bad either, I like K.I.S.S
http://en.wikipedia.org/wiki/Coin_grading

[JeffH]

Well really! That wiki article mentions several third party graders but APCGS gets no mention at all. :laughingneqw:

[Fr45h3R]

The grading system doesn't fuss me much as long as it is applied consistently and correctly.

[wwwww]

Don't worry, once APCGS finds out they'll edit themselves into it.

[JeffH]

My opinion is the "traditional" system (G, F, VF etc.) with 'a' and 'good' modifiers (or a hyphen to indicate intermediate grade) is fine for almost all purposes. That gives effectively around 20 steps to the scale.
The Sheldon 70 point scale is only really of benefit at the top end (say above 60) where very fine differences in grade can be significant to value (and bragging rights if you are the owner).
Fr45h3R hit the nail on the head -consistency is the key.

[nealeffendi]

Don't worry, once APCGS finds out they'll edit themselves into it.

And we will take it in turns to edit them out.

My opinion is the "traditional" system (G, F, VF etc.) with 'a' and 'good' modifiers (or a hyphen to indicate intermediate grade) is fine for almost all purposes. That gives effectively around 20 steps to the scale.
The Sheldon 70 point scale is only really of benefit at the top end (say above 60) where very fine differences in grade can be significant to value (and bragging rights if you are the owner).
Fr45h3R hit the nail on the head -consistency is the key.

The real nail that needs hitting is honesty. It can be hard bidding on coins when eBay is a shark pit and MOST auction houses are less than truthful.  
Way too many sellers call the coins that they are selling as Gem, Unc etc when they are dipped, polished and defective dogs.
The top tier slabbers and the 70 point system have only succeeded not because they are so great but because the adjective system has been ruined by dishonesty and that is in large part because ANDA never policed/culled its members.

[stevo1962]

The real nail that needs hitting is honesty. It can be hard bidding on coins when eBay is a shark pit and MOST auction houses are less than truthful.  
Way too many sellers call the coins that they are selling as Gem, Unc etc when they are dipped, polished and defective dogs.
The top tier slabbers and the 70 point system have only succeeded not because they are so great but because the adjective system has been ruined by dishonesty and that is in large part because ANDA never policed/culled its members.

And therefore PCGS and NGC will be relied on even more in the future of Australian Numismatics as dishonest sellers and counterfeiters try even harder to get a foothold in the marketplace

[emu666]

Don't worry, once APCGS finds out they'll edit themselves into it.

And we will take it in turns to edit them out.

My opinion is the "traditional" system (G, F, VF etc.) with 'a' and 'good' modifiers (or a hyphen to indicate intermediate grade) is fine for almost all purposes. That gives effectively around 20 steps to the scale.
The Sheldon 70 point scale is only really of benefit at the top end (say above 60) where very fine differences in grade can be significant to value (and bragging rights if you are the owner).
Fr45h3R hit the nail on the head -consistency is the key.

The real nail that needs hitting is honesty. It can be hard bidding on coins when eBay is a shark pit and MOST auction houses are less than truthful.  
Way too many sellers call the coins that they are selling as Gem, Unc etc when they are dipped, polished and defective dogs.
The top tier slabbers and the 70 point system have only succeeded not because they are so great but because the adjective system has been ruined by dishonesty and that is in large part because ANDA never policed/culled its members.

Thank you Neale. An excellent summary.

[trout]

The real nail that needs hitting is honesty. It can be hard bidding on coins when eBay is a shark pit and MOST auction houses are less than truthful.
 Way too many sellers call the coins that they are selling as Gem, Unc etc when they are dipped, polished and defective dogs.
 The top tier slabbers and the 70 point system have only succeeded not because they are so great but because the adjective system has been ruined by dishonesty and that is in large part because ANDA never policed/culled its members.

:agreed:
At least with a NGC/PCGS coin you are getting an industry standard grade instead of an embellishment from a dealer/auctioneer .
The TPG's have done what ANDA have never had the stomach for and have  cut out the BS and graded the coin for what it is NOT what the dealer/ auctioneer wants it to be :good:
Good to see that at least there is a way to keep the bastards honest :ok: