My thoughts on numeric grading....

[regandon]

the very Yank practice of slabbing.

Aidan.

I'm glad to be Yank.

[FilthyBroke]

Lately I've been using CoinWorld slabs unless the coin happens to already be graded.  I care about protecting the coin, and I purchase from reputable sellers who offer authenticity guarantees.  After that, I just go by my own eye (such that it is).

[BCNumismatics]

The 7 point grading system is a good one,considering that no grading system is either foolproof or perfect.

If it involves strange numbering,then it causes confusion,especially for old-fashioned collectors like myself.

Aidan.

[bear]

I see nothing wrong with the 70 point grading system.

It cam from the grading of large copper cents. Thus a

MS-70 coin penny was worth 70 times what a Basal

state 1 was worth.Of course, this was a long time ago.

The true purpose of todays 70 or even a possible 100

grade range is money. TPG make a loving from regrades

and the more points to play with, the more money flows

in.A major problem with the 70 point system is the enormous

jumps in price values we see between two numbers. I have

really not understood why one point miight be 4X as much

difference in price. I suppose condition rarity might play a role.

Taking CB Halves as an example. I find it relatively easy to spot

AU-50, AU-53, AU-55 and AU-58 condition coins of that series. I do

not say that I can do that with every series, but I can do pretty well

with the series and the particular grades that I prefer in my collection.

[FilthyBroke]

I see nothing wrong with the 70 point grading system.

It cam from the grading of large copper cents. Thus a

MS-70 coin penny was worth 70 times what a Basal

state 1 was worth.Of course, this was a long time ago.

I hadn't heard this before, thanks for the info, Bear.

The true purpose of todays 70 or even a possible 100

grade range is money. TPG make a loving from regrades

and the more points to play with, the more money flows

in.A major problem with the 70 point system is the enormous

jumps in price values we see between two numbers. I have

really not understood why one point miight be 4X as much

difference in price. I suppose condition rarity might play a role.

I would bet a lot of the higher pricing is paying for bragging rights, or maybe pop reports and the registry set.  This is fine if that's how you want to do it, but that kind of collecting not for me. It's become our system, it would seem, but collectors make it valid, and the prices are based on what many appear to be are paying for a number.