Skip to main content

100-point scale deserves discussion

(Image courtesy www.ExpertNumismatics.com)

We struck pay dirt in terms of numbers of readers responding to the question of whether numismatics should change to a 100-point grading scale.

“Best of Buzz” is where responses usually go. There are many appearing in the two-page section this week. However, this was not enough space.

I put one well-written response in the “Viewpoint” column this week. When I say well written, in this case, it means it fit very neatly in the space allowed.

Other well written responses appear in the “Letters” section. I also have more responses left than I have put into this issue, so I will devote more space to them in the Oct. 30 issue of Numismatic News.

Collectors on both sides of the issue can agree that nothing should be done in haste or without extensive reflection on what adopting a 100-point grading scale could do to numismatics.

Taking up the 70-point scale in the 1970s was truly revolutionary. The decision to do so was made by the American Numismatic Association. This is our national collector organization. It is our voice. It makes decisions for us. Yet most of the “us” are not members. There are hundreds of thousands of active coin collectors and millions more savers/hoarders/souvenir hunters. Nearly all of them will be affected in one way or another by a 100-point grading scale, but they are not ANA members.

It would be ideal if these unaffiliated individuals would join ANA (See www.money.org). Their opinions would be amplified by their membership.

It would be nice if more collectors read Numismatic News. I am not expecting a huge increase in circulation due to this question being raised. However, I will devote as much space as my readers desire. If you have an opinion about the 100-point grading scale, let me know. I can be reached at david.harper@fwmedia.com. I will share your views with readers unless you tell me not to.

This is too important a question to ignore. The current proposal could fade away, or it could catch fire. Either outcome demands ongoing public discussion.

The 70-point scale borrowed from Sheldon revolutionized coin collecting. It made the boom years of the 1980s possible. It led to the creation of third-party grading services.

Adoption of a 100-point scale will also affect where we will go in the future. It will increase demand for third-party grading. New guide books will be required.

Will new innovations follow? Who could have foreseen the emergence of the major grading services before we had numerical grading? Who can foresee now what might happen in the 2020s and 2030s if a 100-point grading scale is adopted? Let’s have a discussion on the Letters pages. What do you think?

 

This article was originally printed in Numismatic News. >> Subscribe today.

 


Fascinating Facts, Mysteries & Myths About U.S. Coins
If you like what you’ve read here, we invite you to visit our online bookstore to learn more about Fascinating Facts, Mysteries & Myths About U.S. Coins.

Learn more >>>

The post 100-point scale deserves discussion appeared first on Numismatic News.

Comments

Popular posts from this blog

Stack’s Bowers Galleries to display the Cardinal Collection Educational Foundation tribute to Benjamin Franklin’s Libertas Americana medal

Hover to zoom. Santa Ana, CA (December 19, 2020) — Stack’s Bowers Galleries is pleased to announce that it will display an incredible tribute to the Libertas Americana medal, assembled by the Cardinal Collection Education Foundation, at the upcoming Florida United Numismatists Convention in Orlando, January 9-11, 2020. The display, centered around one of the most beautiful and important medals struck in American history, will be found at the firm’s bourse tables 420-422. Back by popular demand, this collection drew dozens of interested collectors at the ANA convention in August and will be enjoyed once more by those attending this year’s FUN show. Following decisive victories at Saratoga and Yorktown, Benjamin Franklin wrote to the United States Secretary of Foreign Affairs Robert Livingston: This puts me in mind of a medal I have had a mind to strike… representing the United States by the figure of an infant Hercules in his cradle, strangling the two serpents; and France by that ...

Community Voice Response: Jan. 1, 2020

From the Dec. 13 Numismatic News E-NewsLetter What are your numismatic resolutions for the new year? Here are some answers sent in from our E-Newsletter readers.   One of my numismatic resolutions is to do what I can to make sure coin collector’s concerns are represented and NOT deep-pocket businesses. Ron Brown Address Withheld   My resolution is to encourage everyone in the world to never again buy from the U.S. Mint, considering the 2019-S Enhanced Reverse Proof fiasco. Steve McGowan Algonac, Mich.   First, I want to pay for the coins I purchased in 2019. Secondly, I want to pre-order my 2020 silver eagles graded. Merry Christmas to all! Timothy Kenyon Mechanicsburg, Pa.   One of my resolutions is not to end up with 20 2020 ASE’s in different holders/OGP/signatures as I did in 2019. Donovan Hamilton Address Withheld   We want to bring the enjoyment of the hobby to as many young people as possible and to keep the future of numismatics brig...

Letters to the Editor: Nov. 12, 2019

War in the Pacific ‘W’ Mintmark I was in the self-checkout at Walmart four weeks ago here in Mt. Vernon, Ill., and received a little bit of loose change for my purchase. I didn’t check it until I got home and was very surprised to find a War in the Pacific with a “W” mintmark. I’m just wondering if it’s something that I should send in to one of the grading companies. In other words, would it be worth more later on by doing so? I understand that it’ll cost at least   $30.00 to do so and also heard that “in the raw” is only worth maybe $25. I   hope to hear a reply. Name and address withheld   In Response to Richard Giedroyc’s Commentary I politely disagree with erudite and longtime numismatic colleague, Richard Giedroyc, whose Numismatic News story, “Get Rich” Promotion Wrong Angle for Healthy Market Growth,” was critical of a recent CNBC story entitled, “People have been making up to $100,000 off ‘coin hunting.’” He doesn’t think the hobby will benefit with an a...