Overgrade - The practice of assigning a higher grade to a coin than it truly deserves. Overgraded - Designated with a higher grade than merited. Overstrike - An impression made with different dies on a previously struck coin.
Overgraded - Designated with a higher grade than merited. Over Mintmark - One mintmark on top of a different mintmark, such as a 'D' over an 'S' (denoted D/S). P ...
" Many of today's slab jobs involve atrociously overgraded coins in spite of loud trumpeting by the grading services to the contrary.
Unfortunately, it is all too common to receive overgraded and/or problem coins from some mail order sources.
I buy lots of coins that are overgraded -- I don't buy the grade, I buy the coin. Of course, this requires seeing the coin or at least a photo of the coin.
It is easy to overgrade a coin, as you always hope for the best. Some sellers will make statements such as "It looks like a MS-65 but I am not an expert." Others will make a statement such as, "I am not a coin grader but it looks good to me.
Many circulated coins get overgraded by the grading services. They especially like to call VF's as XF's.
A lot (but not all) of the coins sold in Teletrade are overgraded or ugly. That's because the sellers know they can get away with it because the buyer doesn't see the coin before bidding.
A few years ago a leading marketer of coins to the public was taken to task for selling coins which were believed to be overgraded in many instances.
"Your friend offered me $120 for this overgraded coin," I said. "Can any of you sell me one that looks the same for $150?" I didn't buy a coin.
"And, oh Grandma," squealed Little Read as she ignorantly handed over her basket of hard-earned money to buy overgraded items advertised as Gem quality. "What liberal return and refund policies you have." ...
Giving a coin a higher grade description than it merits. Most owners have a natural tendency to overgrade their own coins and undergrade those they wish to buy. OVERMINT MARK Mark of one mint superimposed over the mark of a different mint.
If you think a coin is vastly overgraded or undergraded, make a discreet note in your catalog. Then see what price the coin brings. Does the market agree or disagree with you?
With all these areas for purchasing quite often your fingers can get burned with overgraded coins, poor images or coins with imperfections that aren't stated when you are unable to personally view your purchases before buying.
term referring to a coin that objectively may only grade AU or even XF - but gets marketed as an UNCIRCULATED piece (particularly when the coin is CLEANED). The term is usually used in a negative sense as unscrupulous dealers will often overgrade ...
Having natural surfaces resulting from long exposure to ordinary environmental conditions; uncleaned overdate A coin struck from a die with at least one digit of the date repunched over a different digit, e.g. 1809/6 or 1942/1. overgraded ...
Just as the non-collector often considers what is really a quite worn coin to be in "really nice" condition, the person who is not familiar with the grading standards used to evaluate paper money may have the tendency to overgrade it.
These grading standards are Conservative; others with lower standards try to sell Overgraded coins one or two grades higher than these guidelines.
See also: Coin, Collector, Grading, Grade, Dealer
 
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