Sometimes the price difference between AU-50 and and AU-58 does not amount to much. In other cases, like early U.S. gold coins, it can mean thousands of dollars.
I can see where the registry would have a problem making this change. The re-programing would be a major undertaking.
Sitll it's something they need to consider for early U.S. coins. There is a big difference in value in a number of cases.
Well, they reprogrammed to allow for more points when they started awarding the "star" designation.
I definitely believe that breaking down the 50-58 grade range would have more of an impact and give collectors a better overall rankings system. This would only have to be done on the early series, say, seated coins and earlier. Maybe the barber collectors would want this too?
Registered: 01/28/02
Posts: 5681
Loc: Western Washington
Particularly if you are collecting Civil War and Reconstuction gold coins in AU where an AU58 can cost 5 times what an AU55 or AU53 does. It doesn't make sense to have one catch-all AU grade. Someone needs to rationalize scores for 19th century, AU scarce date/MM coin issues.
Also, other coins (i.e. Trimes after 1862) where prooflke coins are only assigned (3) registry points vs. 1000+ for business strikes. Many of these late type III Trimes were struck only on proof dies because of their minscule mintages. Most are PL. I have a MS64, 1863 Trime that is a business strike from a proof die but I won't send it in for regrade to PL because it will drop from over 1000 registry points to 3. All 20,000 business strike1863 Trimes were struck on proof dies and most are PL. All subsequent issues until 1873 are the probably the same. They are so scarce that finding many examples for strike comparison is very difficult.
Another year has passed and it looks like the status quo will continue. I do appreciate all that NGC does. I guess not that many other collectors collect the AU grades or are that interested in asking for a change.
I don't at all see why it would be a big problem making this change. It actually sounds pretty easy. The registry already knows whether the coin is a 50, 53, 55 or 58 and Numismedia prices are already broken out by 50, 53, 55, or 58.
1st step is to add 4 new tables: AU-50, AU-53, AU-55, AU-58.
Next, pull coins from the original "AU" table and put them into the appropriate new AU-50, AU-53, AU-55, or AU-58 table based on their known grade and link to the correct Numismedia price.
Heck, after that you could even automate the initial scores just by dividing by the AU-50 price and using that as the factor to generate the new score, preventing it from exceeding more than 90% of the score of the next higher grade. Example:
AU-58 score calculated as: AU-58 price / AU-50 price x AU-50 score ( validation test: if result > MS-60*.9 then score instead = MS-60*.9 ).
You wouldn't have to keep those scores, obviously, but for entering so many new grades into each coin series it'd be the easiest way I can think of to get started.
#3287089 - 07/04/0912:00 AMRe: How about different scores for AU's ??
[Re: EZ_E]
RareSovRareSov
The Post-man always rings twice. Uhm... ring ring?
Registered: 06/16/07
Posts: 1595
I asked, no response, no change
BIG BIG factor in Sydney Mint type II sovereigns
AU50 can be as low as VF Aussie AU53 can be as low as VF AU55 can be as low as aEF AU58 can be as low as EF
Giving these coins so many points has pushed my MOSTLY choice mint state MS63-65 coins is losing to someones set with a particular "rare date" coins including 1860 below EF was getting over 7000 points or 1/3 of my total score (9 coin set).. its a very big help when you look closely. I refuse to buy common junk just for the points, it needs to be fixed
Its way out, anyone who knows Aussie grading of Syd Mint sovs have a look at the scores
_________________________ WANTED !! Kookaburras NGC MS70 1990, 1994, 1997-2001
RareSov, not according to the check I just did on a AU53 I've got. It gets the full # of points listed for AU. The 58's do too, so no "bonus" for 58's.
#3290560 - 07/06/0903:41 AMRe: How about different scores for AU's ??
[Re: jpolz]
RareSovRareSov
The Post-man always rings twice. Uhm... ring ring?
Registered: 06/16/07
Posts: 1595
Wow, thats scrappy
I'm being beaten then mainly by what should be an AU50 anyway AU58, it would get the same points even if it was properly graded (PCGS) the coin is covered in damage, big rim nicks, heaps of wear.. something like 50% more points than my $7000 MS63 "common" date..
_________________________ WANTED !! Kookaburras NGC MS70 1990, 1994, 1997-2001
One route that NGC could go is to use the current AU registry points for 58 and then to rate down the points for 55, 53 and 50. This will result in lower overall scores.
