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"Technical Grading" vs. "Market Grading"


Multi-Media Summary

The evaluation of coins is and always will be highly subjective, varying with each individual coin and with each person attempting to determine the merits and disadvantages of each coin, influenced by the coin's characteristics; the individual's personal preferences and numismatic background; and (in many cases) an interpretation of the state of the current "coin market." "Technical grading" attempts to strongly focus on the characteristics of particular coins, with little interest in their market value, while "market grading" bases its evaluative decisions largely on perceptions of the value of those particular coins in the then-current coin market. The task of each individual "coin person" is to determine which system (or which unique individual and personal blending of these systems) will provide appropriate guidance in evaluating, buying, and selling coins. Speaker: Bob Bair.
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