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Computerized Grading, Part 1: The Puzzle of Subjectivity

October 26, 2016 in Coin Grading, Coins, Collecting, Education, History, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

By: Kendall Bailey News.CoinUpdate.com (Coin Update News)

Prior to the metals rush of the 1980s, coin buyers had two options when purchasing coins: one, they could become numismatic gurus with detailed knowledge of the series they collected; or two, they could choose to trust a dealer who, hopefully, was honest.

Unfortunately, not all dealers were honest. Grade inflation was common practice. Unwary coin buyers were sometimes being fleeced with no indication that something might be amiss. I don’t believe all dealers who over-graded their coins did so on purpose. Most collectors know the tendency to overstate our coins’ grades, especially when we’re first starting out in the hobby… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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