You hit every major point about coin grading that I can think of and you did a magnificent job of it! There are always going to be people that just don't get it, they truly believe there is a way to grade a coin with no subjectivity. Well, most of us know that is never going to be possible and we live with the realization that we all view an item differently from person to person. To those that don't understand, I encourage you to accept this truth as truth so your life will not be so disagreeable with the vast majority. Sorry, I was a little long on getting my point across. Tremendously presented Daniel, I agree with you 100%! Blessings, Louis
Great video! In my opinion grading standard books are just as valuable as the coins themselves. Making the Grade by Coin World has really helped me develop my eye.
The 72 Photograde is still my go to book for circulated coins. Mine was given to me by my dad. Before we were going to a coin show, or shop I'd have a list of four or five coins I was looking for to add to my type set. I'd spend hours studying my Photograde reading and looking at the pictures the night before so I knew what to look for when comparing coins and prices. So much fun.🙂
I have thought of using the 54, 56, 57 when grading. Third party grading companies have expanded to 61, 62, all the 60's it's just a matter of time that the rest are going to be used (IMO). Awesome video buddy.
I would imagine there's knowledge and trainings of being able to tell the difference between rub marks,light scratches, and flat out damage. Depending on the amount of marks in the high points of design are expected however severity determines a portion of the grade as do marks on low points and overall strike of coin along with open fields of coin. Where I think it's hard to figure out is if a coin has been cleaned or not because even under magnification it's difficult to see the "original skin" that gets left over in the small crevices that cleaning does not reach as well as the luster. Soooo I would say grading is a mix of opinions and actual facts.
I have yet to be disappointed by any of your advice! I trust your opinion and you are my go to when I want to buy coins! Any coins I have ever bought have been through you. I do not have a gold coin but I hear I should. I see in your inventory you have 2022 $5 Gold eagle coins. I need to buy myself a Christmas present, smile🥰
Daniel, thanks for your video. It was very informative about coin grading. Your videos and devotion to coin collecting are appreciated. Hope you have a Merry Christmas!!!
Thanks for the discussion Daniel. Grading takes allot of studying and experience as you mentioned. Allot to it. I might be able to make a guess on a Morgan but that's as far as I am. Got to give it to you Daniel....You're honest and know this hobby inside and out.
This is rhetorical. Can I Grade Coins Better Than PCGS & NGC Coin Graders? Buy Coins portsmouthcoinshop.com/ CoinHelpu Community coinauctionshelp.com/forum/
I'd say you should be as good or better than most of the PCGS and NGC graders. They are simply not consistent. I have a Morgan that was graded MS63. Believe me, I'm never cracking that holder! It could have gotten AU58, but more likely MS60. No way it's a 63.
I've watched enough of your videos that I trust what you say and know about coins. I can't understand why anyone would think otherwise. Hope you and your family have a Merry Christmas.🎅👍
Great video Daniel! What I have seen that I think is sort of humourous is when the Grading Company Grades the coin a 63+. That is why there is a slilding scale on the Retail Price List. Another aspect of Grading or Coins is Actual and Artificial Toning. I am looking at an online Dealer's website right now which has the strangest example of this: The picture of the coin's Grade, and the actual coin's date, is NGC 1896-O AU Details Cleaned, and the coin has super natural cool Toning. The Dealer's description is, "1897-O Graded by NGC as XF Details (Cleaned) Cool Toning." Then the Dealer has the cleaned coin priced a little over NGC Price Guide's on the 1897-O XF Price, $78.74, the 1897-O price on the NGC price guide is XF $70, AU $90. Now, that coin has been on there for a few years. What nobody has caught, and I did not catch until I am writing this, is that this Morgan is actually a 1896-O. The 1896-O has a XF price of $110 and an AU price of $185 on the NGC Retail Price Guide. The toning is so cool I am going down to that LCS on my day off and buying it! They usually give me a 10% discount for coming into the shop rather than having to ship it. Daniel, I am pretty honest about things...but the Seller has it priced like this and I will give them the price they want. I mean, a Cleaned Coin is almost always not desireable to Collectors anyways.
Oops, the picture of the actual coin yas 4918110-005, and the description has 4918110-006. Both come up in NGC Certification with pictures. I wonder which one they actually have left? Tough being a Coin Dealer...
I am positive you know what you are doing. The problem is I have seen Vids of 20 year olds, claiming they are graders because they started collecting, say at 8. It is a shame that most dealers are not as professional as you are.
What would be interesting to see, is that the graders get a grade and make that transparent by PCGS and NGC That would be based upon the numbers of coins resubmitted for a regrade. More changes up or down would indicative of the graders proficiency at their profession.
A Very interesting account and Your thoughts on Grading, I really enjoyed the area where you talked about grades in between 50, 53, 55 and Sliders , Getting it Right is Bloody important, if your looking for the Quick Flip or to add to your Coin Hoard / Collection I like Grading , You Never know what you might find 🌕 Merry Christmas ! 🎅👍
Daniel your very comprehensive explanation makes an average collector like me more confused. I buy mostly slabbed coins for the very same reason I rely on 😢my good luck(?) when buying them raw But thanks for your good will in trying to educate the not very knowledgeable.
I agree with you Daniel. Yes there are expert graders but anyone can learn to grade coins at some level. Many coin dealers can grade pretty well simply because of the amount of experience they have
I have an art degree also. And I am a stained glass artist. I totally understand your references to how our eyes perceive color, luster, translucency, opacity, reflection, detail and the play of light in general. It is hard to explain to people who don't have that experience.
@@CoinHELPu I agree. Part of it comes naturally but it's mostly from training and experience. It's one of those intangibles. I like your thoughts on AI and grading to develop a better standard but there will probably always have to be a human element involved with some coins.
If an AI "machine" can scan and grade physical coins (not images) then eventually we will not need human graders. The problem is resubmissions and crossovers and is big money. I was told that is the reason why AI is not pushed by the larger two. It's also a reputation thing. If AI starts accurately grading coins that have sold for 10's of thousands of dollars or even 100's of thousands, and people prize these coins and have registry sets, it could hurt the rare coin market at first.
Very true, That is why I sent some in that I thought would obtain various grades, so I could study and see what they are doing ! I did hit a 67 on one and I can see a big difference between a 63-64-65 and 66! That 67 is like majorly full of sheen !
Learning about AI in my software engineering classes right now, you could teach AI to grade coins even to the point that it would never be inconsistent, even to the point it could and would recognize mint luster and eye appeal. It could also recognize counterfeits a lot easier. And would be able to 100 + times more coins than any human grader could do. Just my two cents.
PCGS already uses artificial intelligence and machine learning to identify counterfeits. So I would think it likely they are working to push it further as the technology improves.
Many Blessing"s to You and You:re family, pet"s and Everyone Else in the Building... Merry Ex-Mas and Happy New Year... This Year I plan On Collecting Only Silver Coins..... I Love Mr. and Miss Morgan the Most.... Some are very Expensive, but it is fun to look for them all over the place, but I bring my glasses and a magnet ........ I"m doing some Reading about coins too, with Naps... too Much information for my mind, I have to take A Nap... at the tender age of 68, Everything is A Slow Roll With Coffee.. Sir, William
Good Afternoon Daniel!!🥤❄ I trust that you ARE a coin grader, and, though I hadn't thought of it before, I hear you saying that coins are like snowflakes, ❄❄❄, everyone is different. As I see it. coin grading is subjective, and always will and should be!!! ❄❄❄
We should use all 70 points. If not what is the point of using 70? That's like saying we grade from F to A but don't use B or D only A, C and F. Just my opinion.
Typically when you send a coin off it has the consense of more than one person to come up with a grade. Its not just one person's opinion of the coin. Also when a dealer gives a coin a grade there is going to be a confilict in interest. At the end of the day a dealer's coin grade isnt worth the paper it's printed on whereas an official grade holds merit in its valuation.
You couldn't be further from the truth, there's no official grade, that is a fact. You're also assuming dealers are dishonest which all dealers are not dishonest and must grade coins to buy, sell and appraise. So again, you couldn't be more wrong. A conflict of interest would be me, slabbing the coins own, putting a value on them, then selling them. Something PCGS and NGC do, they value their own coins based on comps.
Great information Daniel ! However that why I don't understand PCGS when submitting coins we need to submit more than one of the same coin to get a good grade when they are professionals and at 60,70,80 bucks a coin to look at for 10,15 minutes seems alot
Daniel, I'd trust you with my *girlfriend. 😂🤣 I've watched many of your videos, and saved some to my YT Library. Your years of knowledge and experience are invaluable to your subscribers. You explain things clearly and simply, modestly revealing your past mistakes so that we will learn from them. * (I'm nearly 70).
I had the chance to work at pmg currency grading, but moving to Florida was not a option.. nice place to visit, but not trying to live there. Dream job though.
Trained to grade or not, it is left to a human(s) opinion, which we all know is subjective. And we assume the grader(s) can see perfectly and are having a perfect day at work. Everyone's daily work performance is subject to all kinds of changing conditions and likely moods.
Is it an insult to say that you are expert by experience in coin grading ? I think there's nothing wrong with that. Thank you for yet another interesting video.
There’s a lot of dealers who don’t use grading companies and sell ungraded coins for near the same price. It’s the dealers integrity that counts the most.
Daniel first thing to get a high grade with pcgs is to be a famous collector or closed friend or member of a family from people inside of pcgs , after that you have to be extremely lucky to get a high grade
All fine and dandy SENIOR! But, if they do not read the most valuable information in the field(s)then there will always be room for there ignorant rebuttals! (If that makes any sense) Thanks again bud.
unfortunately we the coin collector world use pcgs and ngc as the end all be all when it comes to prices, I myself trust you and your information because your knowledge from years in the business. If a person comes into your shop with a pcgs ms65 silver eagle, and you believe its a ms66, what price do you pay for it? I only ask that question because we all are basically held to whatever these main grading companies decide the grade is, at least thats my opinion. Once again thank you for your knowledge and thank you for sharing that knowledge with us.
You misunderstand. I rely on NGC and PCGS coins for my shop, I am not saying we don't need them or that I don't value them. I do. I am just pointing out that they're no more special or talented, than dealers like me, in coin grading.
@@CoinHELPu i completely agree, i would trust your grading over the companies doing it, I just feel like we as a whole are stuck with what they deem our coins grade is.
There's an app that you can take a pic of the front of the coin and of the back that will give you a grade. People misunderstand this app. Its an app that won't give an accurate reading but an app that gives a guess to if its worth to send it off or not.
Can you or anyone grade coins? Yup. But the reliability of your (or my) opinion is the key. Are you consistent with your (or my) grades? There is the difference. Me? I can generally get it to the letter grade fairly reliably but I know the limits of my skill so I would defer to someone who has a PROVEN TRACK RECORD. I would personally trust your grading over mine any time.
Of all the books you own on coin grading I’m surprised you don’t own a copy of “Offical guide to Coin Grading and Counterfeit Detection” from PCGS written by John Dannreuther, and with contributions from the other founding members of PCGS. This book has it all and it explains in detail how they do what they do.
Grading is always subjective. I may like a coins grade, but others may not agree just because they don't like the looks of the coin. Always buy the coin, not the holder.
Hi, Daniel I have a question, with submitting your coins on the applications I get confused what tier to use and the cost per coin, when it comes to the value I think my coin is worth , let's say I think I have a coin that might be worth more than $500 or $1,000 is it still going to cost me the economy price of $20 per coin
You don't do that. You look for die varieties and mint errors that happen during the minting process. People have this all wrong. We have a well documented coin minting process and only so many things can happen during the coin minting process. You don't look for things that don't happen or can't happen.
I have a beautiful, super sharp coin that I'd like to send in... but it isn't worth it for MS67. MS68 would join the ranks of top pop, and then it would be worth sending in... Kinda scary when the difference might be a sneeze.
Just wondering with todays technology, why haven't anyone developed a way to use an optical scanner to grade coins? You would get a standardization like never before and no more human error in coin grading.
You forgot that this is my way of life. I was born into the coin business and that is why I am so special. It's not because I help people and promote the hobby and make it better. Offering free and insider information that most coin dealers are afraid to talk about.
While both collectors and dealers have to grade coins, I don't think you can say you are a "Coin Grader" unless that is your primary profession. It is a little misleading I think. Both collectors and dealers error on the side of overgrading their own coins. You see it all the time. That is why having a third party is important IMO. Cheers!
I don’t error on the side of over-grading my coins and I know plenty of other dealers that are just as cautious. Ask any repeat customer that has bought ungraded coins from me and they will tell you they look better than the images. Also accurately described. Some people have a misconception that a couple of crooked dealers means all of them are crooked or shady. Such is not the case, people like that don’t know many dealers or don’t know coin values or grading well enough and our mistaken about the dealer.
Grading is an art not a science. You cannot put a coin into a machine that will grade it for you. Experience is very important. The grading services have experienced employees. They also have microscopes etc. More than one person analyzes the coin. Dealers with plenty of experience can do a good job. Problem is that many dealers have a two tier grading system. One when buying a coin and one for selling. I do not see this with this dealer. Grading circulated coins is easier than MS. Judging between a MS 62 and a MS 63 not so easy. Another important function of the grading services is authentication and analyzing coin for whizzing, cleaning etc.
Another RUclips guy took a brand new roll of 1 Ounce Silver Libertads and sent 10 to NGC and 10 to PCGS and PCGS put them all in either MS68 or MS67 Holders, NGC didn't put a single one in MS68 or MS67 Holders, NGC's came back all MS65 and MS66. SO THAT MEANS PEOPLE ARE BUYING NGC MS66 Libertads in PCGS Holders at PCGS MS68 prices 😭😭😭
The problem I see with AI doing the grading is this... Once that tech is developed, it won't be contained to just one entity. It will get licensed and everyone will have ability to grade a coin perfectly, and then what? Will be the genesis of the devaluation in our numismatic treasures. Peace
Sorry but this makes no sense, if this would happen then it would have already, anyone can grade their coins now, but it in no way has devalued our numismatic treasures.
Let me elaborate, I think u missed my point.. If everybody had the ability to grade their coins from the comfort of their abode, I believe MANY more coins would grade HIGHER than what is being put out by humans, therefore devaluing the masses at hand. Peace
It would level the playing field. Instead of only a couple people owning a MS68 graded coin for their guarded registry sets, several people can own one instead using AI. So instead of a couple being worth $10,000 now 20 people can have one for $200 or a $1,000. I see it helping the hobby because it would bring confidence back and create an unbiased standard that we need badly.
I absolutely agree with you about the registry ordeal. It's obviously a "protected" area it seems when it comes to grading. I reckon it's my point really, Daniel... AI would disrupt "their" entire system of having some kind of control over values. I love and appreciate all you do. Been collecting coins and such for over 35yrs now and you always have some info that I keep in my back pocket for reference. Happy Holidays, thank you Sir🙏🕊️
TPG's started because every coin dealer thought they were the know it all of grading and the market was flooded with a lotta instability in the coin market. the TPG's brought stability and thankfully put dishonest dealers out of business with their inferior overgraded coins. now we have CAC who defines what the best coins are for the grade. coin dealers must accept this evolution in the coin world or fall to the wayside.
I disagree with the CAC company. My opinion is that it's just another company that verifies what a grading company has already confirmed. Just another company lining their pockets to charge a fee because the grading company in itself just isn't enough. If they want to get it right, make it mandatory that grading companies be audited.
Honesty is not only the best policy but also the best virtue , your all videos are just on that way to reach it.Thanks Daniel.
You hit every major point about coin grading that I can think of and you did a magnificent job of it! There are always going to be people that just don't get it, they truly believe there is a way to grade a coin with no subjectivity. Well, most of us know that is never going to be possible and we live with the realization that we all view an item differently from person to person. To those that don't understand, I encourage you to accept this truth as truth so your life will not be so disagreeable with the vast majority. Sorry, I was a little long on getting my point across.
Tremendously presented Daniel, I agree with you 100%!
Blessings,
Louis
Great video! In my opinion grading standard books are just as valuable as the coins themselves. Making the Grade by Coin World has really helped me develop my eye.
The 72 Photograde is still my go to book for circulated coins. Mine was given to me by my dad. Before we were going to a coin show, or shop I'd have a list of four or five coins I was looking for to add to my type set. I'd spend hours studying my Photograde reading and looking at the pictures the night before so I knew what to look for when comparing coins and prices. So much fun.🙂
I have thought of using the 54, 56, 57 when grading. Third party grading companies have expanded to 61, 62, all the 60's it's just a matter of time that the rest are going to be used (IMO).
Awesome video buddy.
Good to see you in the comments!
I would imagine there's knowledge and trainings of being able to tell the difference between rub marks,light scratches, and flat out damage. Depending on the amount of marks in the high points of design are expected however severity determines a portion of the grade as do marks on low points and overall strike of coin along with open fields of coin. Where I think it's hard to figure out is if a coin has been cleaned or not because even under magnification it's difficult to see the "original skin" that gets left over in the small crevices that cleaning does not reach as well as the luster. Soooo I would say grading is a mix of opinions and actual facts.
I have yet to be disappointed by any of your advice! I trust your opinion and you are my go to when I want to buy coins! Any coins I have ever bought have been through you. I do not have a gold coin but I hear I should. I see in your inventory you have 2022 $5 Gold eagle coins. I need to buy myself a Christmas present, smile🥰
Daniel, thanks for your video. It was very informative about coin grading. Your videos and devotion to coin collecting are appreciated. Hope you have a Merry Christmas!!!
Thanks for the discussion Daniel. Grading takes allot of studying and experience as you mentioned. Allot to it. I might be able to make a guess on a Morgan but that's as far as I am. Got to give it to you Daniel....You're honest and know this hobby inside and out.
Spot on, Daniel !
Additionally, you are an excellent grader. I know from first hand interactions.
Professor Dan is the best educator on youtube! Keep up the great work, friend.
I really like your channel. Before I
go anywhere for my coins. I get information from your channel first. Thank you!
This is rhetorical.
Can I Grade Coins Better Than PCGS & NGC Coin Graders?
Buy Coins portsmouthcoinshop.com/
CoinHelpu Community
coinauctionshelp.com/forum/
I'd say you should be as good or better than most of the PCGS and NGC graders. They are simply not consistent. I have a Morgan that was graded MS63. Believe me, I'm never cracking that holder! It could have gotten AU58, but more likely MS60. No way it's a 63.
I've watched enough of your videos that I trust what you say and know about coins. I can't understand why anyone would think otherwise.
Hope you and your family have a Merry Christmas.🎅👍
Thank you and Merry Christmas
Great video Daniel!
What I have seen that I think is sort of humourous is when the Grading Company Grades the coin a 63+. That is why there is a slilding scale on the Retail Price List. Another aspect of Grading or Coins is Actual and Artificial Toning. I am looking at an online Dealer's website right now which has the strangest example of this: The picture of the coin's Grade, and the actual coin's date, is NGC 1896-O AU Details Cleaned, and the coin has super natural cool Toning. The Dealer's description is, "1897-O Graded by NGC as XF Details (Cleaned) Cool Toning." Then the Dealer has the cleaned coin priced a little over NGC Price Guide's on the 1897-O XF Price, $78.74, the 1897-O price on the NGC price guide is XF $70, AU $90. Now, that coin has been on there for a few years. What nobody has caught, and I did not catch until I am writing this, is that this Morgan is actually a 1896-O. The 1896-O has a XF price of $110 and an AU price of $185 on the NGC Retail Price Guide. The toning is so cool I am going down to that LCS on my day off and buying it! They usually give me a 10% discount for coming into the shop rather than having to ship it. Daniel, I am pretty honest about things...but the Seller has it priced like this and I will give them the price they want. I mean, a Cleaned Coin is almost always not desireable to Collectors anyways.
Oops, the picture of the actual coin yas 4918110-005, and the description has 4918110-006. Both come up in NGC Certification with pictures. I wonder which one they actually have left? Tough being a Coin Dealer...
Sent them an email, and they put the correct picture up of the XF.
I am positive you know what you are doing. The problem is I have seen Vids of 20 year olds, claiming they are graders because they started collecting, say at 8. It is a shame that most dealers are not as professional as you are.
Amen good to know . My first red book was 1967 . Great hobby !
What would be interesting to see, is that the graders get a grade and make that transparent by PCGS and NGC That would be based upon the numbers of coins resubmitted for a regrade. More changes up or down would indicative of the graders proficiency at their profession.
A Very interesting account and Your thoughts on Grading, I really enjoyed the area where you talked about grades in between 50, 53, 55 and Sliders , Getting it Right is Bloody important, if your looking for the Quick Flip or to add to your Coin Hoard / Collection
I like Grading , You Never know what you might find 🌕
Merry Christmas ! 🎅👍
Daniel your very comprehensive explanation makes an average collector like me more confused. I buy mostly slabbed coins for the very same reason I rely on 😢my good luck(?) when buying them raw But thanks for your good will in trying to educate the not very knowledgeable.
Hey I'll be over there in June for sure 100%. I got a rally to go to there will be a rally race in town so I'll be in there for sure! Can't wait buddy
I agree with you Daniel. Yes there are expert graders but anyone can learn to grade coins at some level. Many coin dealers can grade pretty well simply because of the amount of experience they have
I have Making The Grade Book and it gives you a good understanding what to look for.
I have an art degree also. And I am a stained glass artist. I totally understand your references to how our eyes perceive color, luster, translucency, opacity, reflection, detail and the play of light in general. It is hard to explain to people who don't have that experience.
Most have no idea how much an artist can see, we have a different eye sight than non artist.
@@CoinHELPu I agree. Part of it comes naturally but it's mostly from training and experience. It's one of those intangibles. I like your thoughts on AI and grading to develop a better standard but there will probably always have to be a human element involved with some coins.
If an AI "machine" can scan and grade physical coins (not images) then eventually we will not need human graders. The problem is resubmissions and crossovers and is big money. I was told that is the reason why AI is not pushed by the larger two. It's also a reputation thing. If AI starts accurately grading coins that have sold for 10's of thousands of dollars or even 100's of thousands, and people prize these coins and have registry sets, it could hurt the rare coin market at first.
@@CoinHELPu That makes sense. If there is that much money at stake. Time will tell. Thank you for your efforts and insight!
Very true, That is why I sent some in that I thought would obtain various grades, so I could study and see what they are doing ! I did hit a 67 on one and I can see a big difference between a 63-64-65 and 66! That 67 is like majorly full of sheen !
Yes you are right People just don't know but your experience and right Thank-you
Learning about AI in my software engineering classes right now, you could teach AI to grade coins even to the point that it would never be inconsistent, even to the point it could and would recognize mint luster and eye appeal. It could also recognize counterfeits a lot easier. And would be able to 100 + times more coins than any human grader could do. Just my two cents.
I agree. I partly own mintstate.com and we have software that grades Morgan Dollars.
PCGS already uses artificial intelligence and machine learning to identify counterfeits. So I would think it likely they are working to push it further as the technology improves.
I learned to develop B&W film in highschool. It was really fun and rewarding
just got a Hannes Tulving graded coin in the mail today, he was a strict grader.
Many Blessing"s to You and You:re family, pet"s and Everyone Else in the Building...
Merry Ex-Mas and Happy New Year...
This Year I plan On Collecting Only Silver Coins.....
I Love Mr. and Miss Morgan the Most....
Some are very Expensive, but it is fun to look for them all over the place, but I bring my glasses and a magnet ........
I"m doing some Reading about coins too, with Naps...
too Much information for my mind, I have to take A Nap...
at the tender age of 68, Everything is A Slow Roll With Coffee..
Sir, William
Good Afternoon Daniel!!🥤❄ I trust that you ARE a coin grader, and, though I hadn't thought of it before, I hear you saying that coins are like snowflakes, ❄❄❄, everyone is different. As I see it. coin grading is subjective, and always will and should be!!! ❄❄❄
Looking at thousands of coins. Guess on grades, send some in, lose, win, learn. Bee boo boo bop 🤘
Daniel is the #goat 🐐
We should use all 70 points. If not what is the point of using 70? That's like saying we grade from F to A but don't use B or D only A, C and F. Just my opinion.
Typically when you send a coin off it has the consense of more than one person to come up with a grade. Its not just one person's opinion of the coin. Also when a dealer gives a coin a grade there is going to be a confilict in interest. At the end of the day a dealer's coin grade isnt worth the paper it's printed on whereas an official grade holds merit in its valuation.
You couldn't be further from the truth, there's no official grade, that is a fact. You're also assuming dealers are dishonest which all dealers are not dishonest and must grade coins to buy, sell and appraise. So again, you couldn't be more wrong. A conflict of interest would be me, slabbing the coins own, putting a value on them, then selling them. Something PCGS and NGC do, they value their own coins based on comps.
Great information Daniel ! However that why I don't understand PCGS when submitting coins we need to submit more than one of the same coin to get a good grade when they are professionals and at 60,70,80 bucks a coin to look at for 10,15 minutes seems alot
Daniel, I'd trust you with my *girlfriend. 😂🤣
I've watched many of your videos, and saved some to my YT Library.
Your years of knowledge and experience are invaluable to your subscribers. You explain things clearly and simply, modestly revealing your past mistakes so that we will learn from them.
* (I'm nearly 70).
I had the chance to work at pmg currency grading, but moving to Florida was not a option.. nice place to visit, but not trying to live there. Dream job though.
What ever is happing in the coin world at least you make sense. Great Vid
Well said! Thanks Daniel
Another wonderful video 📸👌
Trained to grade or not, it is left to a human(s) opinion, which we all know is subjective. And we assume the grader(s) can see perfectly and are having a perfect day at work. Everyone's daily work performance is subject to all kinds of changing conditions and likely moods.
Is it an insult to say that you are expert by experience in coin grading ? I think there's nothing wrong with that. Thank you for yet another interesting video.
Great video!! Can you show us some of the rarest error coins in your shop?
That’s a revolving door, and I’ve done videos on those. Just search for them at my channel.
Great information
Even if you can it doesn't matter unless you want to start your own coin grading company.
Incorrect, this isn't my hobby this us my way of life and living. I must know how to properly grade coins.
I know I'm just saying that you can grade it what you want all day long but the companies can put there grade on it and that's what counts
There’s a lot of dealers who don’t use grading companies and sell ungraded coins for near the same price. It’s the dealers integrity that counts the most.
Daniel first thing to get a high grade with pcgs is to be a famous collector or closed friend or member of a family from people inside of pcgs , after that you have to be extremely lucky to get a high grade
All fine and dandy SENIOR! But, if they do not read the most valuable information in the field(s)then there will always be room for there ignorant rebuttals!
(If that makes any sense)
Thanks again bud.
unfortunately we the coin collector world use pcgs and ngc as the end all be all when it comes to prices, I myself trust you and your information because your knowledge from years in the business. If a person comes into your shop with a pcgs ms65 silver eagle, and you believe its a ms66, what price do you pay for it? I only ask that question because we all are basically held to whatever these main grading companies decide the grade is, at least thats my opinion. Once again thank you for your knowledge and thank you for sharing that knowledge with us.
You misunderstand. I rely on NGC and PCGS coins for my shop, I am not saying we don't need them or that I don't value them. I do. I am just pointing out that they're no more special or talented, than dealers like me, in coin grading.
@@CoinHELPu i completely agree, i would trust your grading over the companies doing it, I just feel like we as a whole are stuck with what they deem our coins grade is.
There's an app that you can take a pic of the front of the coin and of the back that will give you a grade. People misunderstand this app. Its an app that won't give an accurate reading but an app that gives a guess to if its worth to send it off or not.
Can you or anyone grade coins? Yup. But the reliability of your (or my) opinion is the key. Are you consistent with your (or my) grades? There is the difference. Me? I can generally get it to the letter grade fairly reliably but I know the limits of my skill so I would defer to someone who has a PROVEN TRACK RECORD. I would personally trust your grading over mine any time.
Where can I get help with a coin?
I'm pretty good with AG, G, VG, F, VF, and XF since I've seen so many and have loads of books, but grading above MS 60 is all magic to me. lol
It is for most people
Books help tremendously but what I think helps the most is handling thousands of coins of different types. It’s about experience in a big way.
LoL…I wrote my comment right when the video started…
I have been using a worn out Brown and Dunn grading book for nearly 50 years
Daniel you are perfect grader I don't like pcgs and ngc under and over graders 💯🙌🤯
Daniel. You mean you don't have a " Pixie Dust" that makes you a Coin Grader? Awww Man.😊😊😊
Lol
Hello from the great state of Michigan
Of all the books you own on coin grading I’m surprised you don’t own a copy of “Offical guide to Coin Grading and Counterfeit Detection” from PCGS written by John Dannreuther, and with contributions from the other founding members of PCGS. This book has it all and it explains in detail how they do what they do.
I do own it but it’s nothing compared to making the grade.
Do you recommend grading your own coins ? Im not looking to make money i just want grade on coin for my own
Grading is always subjective. I may like a coins grade, but others may not agree just because they don't like the looks of the coin. Always buy the coin, not the holder.
Hi, Daniel I have a question, with submitting your coins on the applications I get confused what tier to use and the cost per coin, when it comes to the value I think my coin is worth , let's say I think I have a coin that might be worth more than $500 or $1,000 is it still going to cost me the economy price of $20 per coin
You call the company or check their website, they have step by step instructions and FAQs
Thank you Daniel
Could you use color invert on your phone to find the flaws on coins. I tried it and I believe it works.. could you give it a try and let me know
You don't do that. You look for die varieties and mint errors that happen during the minting process. People have this all wrong. We have a well documented coin minting process and only so many things can happen during the coin minting process. You don't look for things that don't happen or can't happen.
I have a beautiful, super sharp coin that I'd like to send in... but it isn't worth it for MS67. MS68 would join the ranks of top pop, and then it would be worth sending in... Kinda scary when the difference might be a sneeze.
How to grade a details coin-- to a solid number ?
Let's do that as there are many many coins like that
Just wondering with todays technology, why haven't anyone developed a way to use an optical scanner to grade coins? You would get a standardization like never before and no more human error in coin grading.
I hear someone put numbers on coins, and if I read books and know people that grade coins, I matter too.
You forgot that this is my way of life. I was born into the coin business and that is why I am so special. It's not because I help people and promote the hobby and make it better. Offering free and insider information that most coin dealers are afraid to talk about.
While both collectors and dealers have to grade coins, I don't think you can say you are a "Coin Grader" unless that is your primary profession. It is a little misleading I think. Both collectors and dealers error on the side of overgrading their own coins. You see it all the time. That is why having a third party is important IMO. Cheers!
I don’t error on the side of over-grading my coins and I know plenty of other dealers that are just as cautious. Ask any repeat customer that has bought ungraded coins from me and they will tell you they look better than the images. Also accurately described. Some people have a misconception that a couple of crooked dealers means all of them are crooked or shady. Such is not the case, people like that don’t know many dealers or don’t know coin values or grading well enough and our mistaken about the dealer.
what's your ebay sales page?
I don't sell at ebay currently. My website portsmouthcoinshop.com
@@CoinHELPu i'm oversea buyer from Singapore in asia..that's why i asking
Where the flaws are they show up with a lot of little bitty dots on it
So can we send coin to you and get our Daniel Holders ;)
Nope
Grading is an art not a science. You cannot put a coin into a machine that will grade it for you. Experience is very important. The grading services have experienced employees. They also have microscopes etc. More than one person analyzes the coin. Dealers with plenty of experience can do a good job. Problem is that many dealers have a two tier grading system. One when buying a coin and one for selling. I do not see this with this dealer. Grading circulated coins is easier than MS. Judging between a MS 62 and a MS 63 not so easy. Another important function of the grading services is authentication and analyzing coin for whizzing, cleaning etc.
Graders at ANACS are just as good as the ones at NGC and PCGS.
I agree
for me, it's ANA or nothing.....was never a big fan of Photograde
Another RUclips guy took a brand new roll of 1 Ounce Silver Libertads and sent 10 to NGC and 10 to PCGS and PCGS put them all in either MS68 or MS67 Holders, NGC didn't put a single one in MS68 or MS67 Holders, NGC's came back all MS65 and MS66.
SO THAT MEANS PEOPLE ARE BUYING NGC MS66 Libertads in PCGS Holders at PCGS MS68 prices 😭😭😭
Ah,...market grading.....Eisenhower dollars cough cough....
The problem I see with AI doing the grading is this... Once that tech is developed, it won't be contained to just one entity. It will get licensed and everyone will have ability to grade a coin perfectly, and then what? Will be the genesis of the devaluation in our numismatic treasures. Peace
Sorry but this makes no sense, if this would happen then it would have already, anyone can grade their coins now, but it in no way has devalued our numismatic treasures.
Let me elaborate, I think u missed my point.. If everybody had the ability to grade their coins from the comfort of their abode, I believe MANY more coins would grade HIGHER than what is being put out by humans, therefore devaluing the masses at hand. Peace
It would level the playing field. Instead of only a couple people owning a MS68 graded coin for their guarded registry sets, several people can own one instead using AI. So instead of a couple being worth $10,000 now 20 people can have one for $200 or a $1,000. I see it helping the hobby because it would bring confidence back and create an unbiased standard that we need badly.
I absolutely agree with you about the registry ordeal. It's obviously a "protected" area it seems when it comes to grading. I reckon it's my point really, Daniel... AI would disrupt "their" entire system of having some kind of control over values. I love and appreciate all you do. Been collecting coins and such for over 35yrs now and you always have some info that I keep in my back pocket for reference. Happy Holidays, thank you Sir🙏🕊️
Way to put that clown back in his place!!!!!
No
TPG's started because every coin dealer thought they were the know it all of grading and the market was flooded with a lotta instability in the coin market. the TPG's brought stability and thankfully put dishonest dealers out of business with their inferior overgraded coins. now we have CAC who defines what the best coins are for the grade. coin dealers must accept this evolution in the coin world or fall to the wayside.
It didn’t put dishonest dealers out of business, there’s just as much fraud as ever. Although they’re a necessary part of the hobby.
I disagree with the CAC company. My opinion is that it's just another company that verifies what a grading company has already confirmed. Just another company lining their pockets to charge a fee because the grading company in itself just isn't enough. If they want to get it right, make it mandatory that grading companies be audited.
I’ve a lot of old coins no any idea and I want sale it please get me call me. Thank. You
Do you recommend grading your own coins ? Im not looking to make money i just want grade on coin for my own