Skip to comments.How to follow the money in rare-coin collecting
Posted on 09/06/2012 6:26:16 AM PDT by shove_itEdited on 09/06/2012 6:28:35 AM PDT by Admin Moderator. [history]
This 1898 Liberty Head Half-Dollar is an example of a coin that received one grade and, upon resubmission, earned a higher grade — and thus a higher market value.
CHICAGO (MarketWatch) — Coin dealer James DiGeorgia saw it for just a moment — a rare Roman gold coin he found extremely desirable — but he hesitated before deciding to buy it.
(Excerpt) Read more at marketwatch.com ...
can someone explain how it can be re-submitted to receive a higher grade on the coin.
Are there some questionable coin grading houses?
I seem to remember the same thing happening in the baseball card trading hobby. That is why I am so hesitant to get into collectables.
Grading is subjective, of course. In the earlier years of third party grading services, some firms tended to grade a coin on the conservative side. So, sometimes it pays to crack open the earlier slabs and see if the coin will get a better grade.
An objective theory
does not permit the separation of value from purpose
-- Ayn Rand
I agree, grading is *very* subjective. Start with commoner coins where grade differences don’t affect the value so extremely. If you know how to grade accurately, you can sometimes buy “sleepers” from amateur dealers. Wear is only one factor. Some coins are not fully struck on one or both sides. Can you tell the difference between wear or a flat strike? How averse are you to nicks and rubs? How consistent is the patina? Has the coin been cleaned? Any rim damage or repaired holes? Beware of counterfeits or doctored dates and mint marks.
The photo grading guides are great for learning to evaluate many American coin patterns, but you have to develop your own sense of grade for foreign coins. The best way to learn grading is going to shows and thumbing through hundreds or thousands of coins in the trays. A quality 5x and 10x magnifying glass is a must. I even use a 30x stereo microscope to evaluate some coins — you can see the porosity of the metal!
I truly have no idea as the subject is not frequently discussed. My coin interests are very narrow, Morgan dollars, and only those of better quality.
I would join the ping list if you end up having one!
We sell coins at auction....about 6-8/year. Have a small collection; but it’s truly fun to see, hold, photograph, and sell some of those that I will never be able to afford...LOL!
You run a coin auction company?? If so, we should talk. I’ve things I want to sell.
I once asked a group on a silver ping list ( if I recall correctly ) and there seemed to be heavy interest in a CC ping list.
But I don’t know how to run a ping list or even how to post an article on FR. Every time I have posted I’ve either screwed it up or not put it in the right place...
But the idea of fellow conservatives here on FR discussing coins, collecting, investments and the market really sounds great.