ANA - Grading a coin can be a difficult task in itself. Are you aware that there are two types of grading and several grading standards? Join education director Rod Gillis as he discusses the difference between technical and market grading. Presenter: Rod Gillis, American Numismatic Association Education Director
Technical grading and market grading are two different approaches used in the coin grading industry to assess the condition and value of coins. Here's a breakdown of each:
Technical Grading Technical grading focuses on the objective assessment of a coin's condition based on its physical attributes, such as wear, scratches, dents, luster, and overall preservation. It follows standardized grading scales, such as the Sheldon Scale used in the United States (ranging from Poor to Mint State/Perfect Uncirculated), or similar scales used in other countries.
Technical grading attempts to provide an accurate and consistent evaluation of a coin's condition, regardless of its rarity or market demand. It is typically performed by professional coin grading services or experienced numismatists who thoroughly understand the grading criteria and possess the necessary expertise to evaluate coins accurately.
Market Grading Market grading takes into account not only the technical aspects of a coin's condition but also its perceived desirability and market demand. It considers factors such as rarity, historical significance, popularity among collectors, and current market trends. Market grading may result in higher grades or values for coins that are in high demand or have a strong collector following, even if their technical condition is not perfect.
This approach acknowledges that the market value of a coin can be influenced by factors beyond its physical condition alone. Market grading is often used by dealers, collectors, and investors to determine the buying and selling prices of coins in the marketplace. In summary, while technical grading focuses solely on the physical condition of a coin, market grading considers additional factors related to its desirability and market demand. Both approaches play a role in determining the value and pricing of coins in the numismatic market.
I do not know of any formal situation that uses technical grading, unless EAC grading technically is defined as such. TPGs use market grading, and they set the industry standard.
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Quote: now to get PCGS to 'Market Grade' my 1995 W Silver American Eagle to a PR70..
Quote: I do not know of any formal situation that uses technical grading... TPGs use market grading, and they set the industry standard.
I generally concur. However, in my search for PCGS graded Ikes, I have come across more than one example with a technical grade with which the "market of me" disagreed.
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Posted 07/24/2024 4:44 pm
