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- From johnmenc@optonline.net Thu Jun 19 18:29:52 2003
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Date: Fri, 20 Jun 2003 01:29:48 -0000
To: colonial-coins@yahoogroups.com
Subject: [Colonial Numismatics] Re: Net Grading Nightmare
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In-Reply-To: <MKEDLPECPDBKFIBMDEOHKECJDGAA.nrothschild@nmctech.com>
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From: "John Lorenzo" <johnmenc@optonline.net>
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I can say no more. As prices continue at these levels as I indicated
net grading may come in. As you open the door or if one auction
company STARTS - it just will snowball and REMAIN. Its the "lack of
consistency" and the "degree of reduction" that worries me on the
cataloging end.
--- In colonial-coins@yahoogroups.com, "Neil Rothschild"
<nrothschild@n...> wrote:
> John,
>
> In theory, the consigner paid (net) G6 $$$ for the coin... and
when you
> sell the coin, you can expect to get G6 $$$ for it.
>
> Is it the net grade that is a problem or the reliance on CQR?
There is a
> big difference. Without a price guide, does the net grade really
make that
> much of a difference? If two people are happy to get a VF-20 with
porosity
> for F-15 money and need the coin, the consigner will get F-15
money. If
> only one guy wants the coin, the consigner doesn't make out so well.
>
> Where am I off on this?
>
> Neil
>
> -----Original Message-----
> From: John Lorenzo [mailto:johnmenc@o...]
> Sent: Thursday, June 19, 2003 9:09 PM
> To: colonial-coins@yahoogroups.com
> Subject: [Colonial Numismatics] Re: Net Grading Nightmare
>
>
> The net grade becomes a problem because each "individual" will
reduce
> a coin a certain amount numerically with no constant set of factors
> in place for this reduction other than the net grader's opinion.
> Noyes hated porosity and I had seen VF-20 Large Cents coins reduced
> to G-6 levels simply due to porosity. I know I BOUGHT a few. Which
> was good for me and bad for the consigner. Anywhere else it was a F-
> 15. Perhaps if he is reading this he can explain how he reduced a
> coin (4) grade levels due to ONLY porosity. Was he removed and
> replaced by Tom Reynolds to keep peace or was that here-say??? Who
> would consign to EAC with net grading such as this ...
> Neil you were saying ...
>
>
>
>
> --- In colonial-coins@yahoogroups.com, "Neil Rothschild"
> <nrothschild@n...> wrote:
> > David,
> >
> > I picked TR just to illustrate a point. (although should one want
> to do
> > something so stupid, he is in the ideal position to do it, as the
C4
> > cataloger). You are absolutely right; TR doesn't have the ego
> required to
> > do the job <s>. The grading czar is all powerful and all ego.
You
> need a
> > special person for the job.
> >
> > I'm not really sure why you think net grading, in itself, is so
> terrible.
> > Catalogers put all kinds of opinions in their descriptions and
> people apply
> > those opinions as they see fit. I see claims of census,
> populations, this
> > coin better than that coin, etc. that I don't agree with. A net
> grade is
> > just one more opinion to nit pick.
> >
> > Regards,
> > Neil
> >
> >
> > -----Original Message-----
> > From: David L. Palmer [mailto:palmers4@e...]
> > Sent: Thursday, June 19, 2003 8:26 PM
> > To: colonial-coins@yahoogroups.com
> > Subject: [Colonial Numismatics] Re: Net Grading Nightmare
> >
> >
> > Again I have to disagree to SOME extent. Tom Rinaldo is one type
of
> > person, the so-called grading( or ranking) czars in EAC are
> > completely different kinds of people. Although all of us have an
> > ego, with Tom it is usually fairly well buried. With the two main
> > players in EAC's mess, their egos are readily apparent at ALL
times,
> > and therein lies the rub. Tom can be talked to, and possibly
change
> > his mind based on new or better information, Bill Noyes and Denis
> > Loring are very different. Once they have said it, that's it, the
> > authorities have spoken, and thus ends it. Net grading IS however
a
> > morass that we cannot afford to get into. Although for our own
> > tastes and wallets, we all use it to some extent, methinks. David
> >
> >
> >
> > --- In colonial-coins@yahoogroups.com, "Neil Rothschild"
> > <nrothschild@n...> wrote:
> > > Just a side comment here...
> > >
> > > I'm not sure if it's "net grading" that causes the problems with
> > EAC. The
> > > root of the problem is that some one or some ones are officially
> or
> > > unofficially declared "grading referees" and have established a
> > published
> > > census. In other words, it is the establishment of an "official
> > census"
> > > which leads to the undesirable politics.
> > >
> > > As an example, let's say we decide never to allow a cataloguer
to
> > print a
> > > net grade. But, we make Tom Rinaldo the Census czar. Tom
> > establishes the
> > > list for each variety and he publishes each coin's position in
the
> > census
> > > when he handles the coin. He doesn't net grade the coin; but he
> > establishes
> > > the census and we all collectively go along with this.
> > >
> > > I believe the end result is exactly the same as the situation in
> > EAC.
> > >
> > > Regards,
> > > Neil
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > colonial-coins-unsubscribe@egroups.com
> >
> >
> >
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>
>
>
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>
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