US Mint come through
Scurvy Dog
Both appear to be MS70, since I can't seem to spot a single flaw on them under
10X magnifcation.
Well done, US Mint.
EricBabula
Hurry! Get them to PCGS right away! :)
sgt23
Why?
EricBabula
Slab 'em at PCGS MS70. Sell 'em for a killing! Buy others (maybe
MS67ish) and be happy with those, and a few extra bucks in your
wallet.
Or, keep 'em and enjoy the heck out of 'em!!!
Michael Benveniste
>>> Hurry! Get them to PCGS right away! :)
>> Why?
> Slab 'em at PCGS MS70. Sell 'em for a killing!
<sardonic>
This month, MS70 isn't good enough. To make a killing, you
have to get PCGS to slab them as MS70+ _and_ get a CAC
sticker to indicate they aren't below average MS70+ coins.
</sardonic>
(Yes, PCGS does have a spot on its price grid for MS70+.)
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Its name is Public opinion. It is held in reverence. It settles
everything. Some think it is the voice of God. -- Mark Twain
Scurvy Dog
"Michael Benveniste" <m...@murkyether.com> wrote in message
news:828qp0...@mid.individual.net...
> "EricBabula" <ericb...@gmail.com> wrote:
>
>>>> Hurry! Get them to PCGS right away! :)
>>> Why?
>> Slab 'em at PCGS MS70. Sell 'em for a killing!
>
> <sardonic>
> This month, MS70 isn't good enough. To make a killing, you
> have to get PCGS to slab them as MS70+ _and_ get a CAC
> sticker to indicate they aren't below average MS70+ coins.
> </sardonic>
>
> (Yes, PCGS does have a spot on its price grid for MS70+.)
Then, of course, you have to have a MS70+ with a CAC sticker.
What a load of bullshit...
EricBabula
> Then, of course, you have to have a MS70+ with a CAC sticker.
> What a load of bullshit...
Anyone know what ever happened to the idea of a 100-point grading
system? That was a while back, and I've been out of it for a while.
Apparently, that never got enough traction, yet???
Bruce Remick
"EricBabula" <ericb...@gmail.com> wrote in message
news:6056c9e0-fade-408c...@w42g2000yqm.googlegroups.com...
++++++++++
The 100 point grading system is set to be applied exclusively to the popular
MS70 grade, and will be designed to attract collectors of lesser means to
the world of MS70. I believe it's going to kick off on April 1, 2011.
EricBabula
> "EricBabula" <ericbab...@gmail.com> wrote in message
Hey, Bruce! Good to see another familiar name - I guess there ARE
still some people still around from when I used to read/post! You,
Reid, Mike B., James (Mr. Jaggers), Alan Bruns......wonder how many
others!
I guess I gotta read up on that 100-pt grading crap. Not that it
matters that much to me, per se, but I should at least know what it's
all about.
Eric Babula
Mr. Jaggers
Um, Eric, kindly notice Bruce's starting date for the kickoff!
As far as I know, the 100-point deal is defunct, as it was not received well
by dealers. And PCGS would not likely be investing in this new "plus
grading" scheme of theirs if they thought it was going to be supplanted any
time soon. But, who knows, ya gotta have a gimmick, so anything is
possible.
James, Marveling Daily at New Wonders
EricBabula
>
> - Show quoted text -
Yeah, 2011! I somehow read that as 2010! Regardless, I think I might
try to read up on it, if possible, just a little - see where it's
going, or not.
I can't imagine the dealers and especially most coin collectors would
support a 100-pt grading system at this point. Who wants to get all
their already-slabbed coins re-slabbed? Not me!
Eric Babula
Mr. Jaggers
I was referring to the April 1 part of that. 8>)
James the April Fool
mazorj
And be sure to ask for their new zooper-dooper Secure Plus slabbing.
According to the item in this week's Coin World, this is an interesting
development. The Secure Plus coin gets a hi-def scan that's detailed enough
to serve as a unique fingerprint for each individual coin. Grading is
largely tied to the scan, not to fallible human eyes squinting through a
magnifier.
If a previously submitted Secure Plus coin is cracked out and sent again for
grading, they tie the new scan to the scan from the coin's previous
submission. It automatically will get the same grade as the last time.
If PCGS is to be believed, by taking much of the human element out of
grading and by databasing the scans, this will help put an end to
human-error grade inflation, repeated crack-out submissions in the hope of
getting lucky with a higher grade, and it can identify any changes or
cleaning/toning treatments affecting the surface after the coin was
previously submitted and scanned.
This could go a long way toward the goal of bringing more law and order to
the grading process. (It also may put the CAC sticker people out of a job.)
However, it's also going to intensify the price differentials for
hair-splitting variations within a grade. They claim that the scan will
positively and accurately separate specimens within the 10-point range for
each grade, allowing the grader to more accurately assign the coin to the
low, medium, or high range of any given grade. For example, a specimen of a
PS-66 could score from 660 to 669. Those scoring at 668 will be graded
PS-66+ whereas a 665 specimen will only get a plain PS-66. Human graders
cannot always accurately grade down to the 3rd digit whereas the scanner
supposedly can. So sellers of slabs with a + grade will have yet another
marketing ballyhoo to add to their blurbs - "it's a Secure Plus PS-66+".
While this time the + may actually be a reliable descriptor, it remains to
be seen just how meaningful it is except in the minds of dealers.
Bruce Remick
"mazorj" <maz...@verizon.net> wrote in message
news:hpo558$g9h$1...@news.eternal-september.org...
Kinda makes one feel nostalgic for Good-Fine-Unc and even Choice BU-Gem BU.
Or my personal precision favorite-- Avg Circ, especially when applied to
19th century coins.
Eric Babula
news:hpo49...@enews6.newsguy.com:
>>
>> Yeah, 2011! I somehow read that as 2010! Regardless, I think I
>> might try to read up on it, if possible, just a little - see
>> where it's going, or not.
>
> I was referring to the April 1 part of that. 8>)
>
> James the April Fool
>
>
Ha! I guess I'm pretty slooowwww! Gotta get back into the swing of
things, and remember RCC's sense of humor!
Eric Babula
Mr. Jaggers
You need to head out to the coin show in Your Fair City this weekend.
James the Showgoer
Eric Babula
@enews1.newsguy.com:
>> Ha! I guess I'm pretty slooowwww! Gotta get back into the swing of
>> things, and remember RCC's sense of humor!
>
> You need to head out to the coin show in Your Fair City this weekend.
>
> James the Showgoer
>
>
Not likely to happen, unfortunately. I'll be trying to get out to ride
my new bicycle! I'm psyched for that!
Eric Babula
note.boy
"Bruce Remick" <rem...@cox.net> wrote in message
news:UYOvn.95119$9b5....@newsfe01.iad...
Move to the UK then. :-) Billy
Bruce Remick
"note.boy" <note...@naespamntlworld.com> wrote in message
news:k95wn.152$pi1...@newsfe22.ams2...
Where coins are Avg Circ? Actually, I think I would enjoy (a return to)
the UK's grading system, although I'd probably have to get rid of my slabbed
US coins if I moved there. Plus, they've got us scared about the prospect
of a VAT here. I should wait until that's settled before any move. Plus,
there's the cat.
sgt23
Well I hope your doing great with your sales. I'm not really in to
selling my coins, I sometimes find it hard to even want to trade my
coins away, but on an occasion I do trade with a friend. I personally
prefer a raw coin, but I do have a few coins that are slabbed. The
reason I prefer a raw coin, is because I like too be able to touch my
coins and wonder where they have been. I just don't feel you can get
that from a MS-coin in a slab. Oh and before I forget thanks for
answering my question.
Just my 2 cents worth.
Gary
sgt23
> "EricBabula" <ericbab...@gmail.com> wrote in message
It makes me wonder when will TPG company's like PCGS take it to the
next step of using a thousand point grading system. When and where
does this end? I think these company's have lost touch with what this
hobby is about, and now are only interested in how more they can get
out of us. Are they still providing a service anymore or just eventing
way's to generate cash?
sgt23
> "EricBabula" <ericbab...@gmail.com> wrote in message
So would a 664 or 663 graded coin get a -66?
mazorj
"sgt23" <bravesfa...@yahoo.com> wrote in message
news:bd96a1ca-140b-4063...@y36g2000yqm.googlegroups.com...
No. The idea is to "unlock the value" of coins in the high end of a grade,
as PCGS put it. So it only confers a + to the grade.
To correct one error in my initial description, it does not apply to proof
grades. Only grades EF-45 to MS-68 are eligible. For some reason the low
MS grades MS-60 and MS-61 are not eligible.
There is no word yet on whether they will confer the BU+ or AU+ or Choice+
or Average Circulated + grades. :-)
note.boy
It is still possible, occasionally, to see coins described as average
circulated.
The UK's sole slabbing company uses a 100 point system so are ahead of the
US.
VAT here started at 8% and it's now 17.5%, shocking. Billy
Mr. Jaggers
Around here, that usually translates as "worn within an inch of their
lives."
> The UK's sole slabbing company uses a 100 point system so are ahead
> of the US.
Hmm, I'm not so sure I'd classify that as "ahead."
> VAT here started at 8% and it's now 17.5%, shocking. Billy
Gotta pay for that thing that some people refer to as "socialism", no?
James the Politician
Bruce Remick
The confusion lies though as to what one might expect an 1860 penny
advertised as avg circ to look like.
>
> The UK's sole slabbing company uses a 100 point system so are ahead of the
> US.
Then that's not what I expected. I was nostalgia for those simple word
descriptions without the 100 levels of grading criteria. It's a bit ironic
that these basic descriptions were in common useage before photos of coins
were included in dealer ads. Now that detailed digital photography and web
sites are available to most every collector, we apparently need 70 or 100
grade levels to describe a coin. I would have thought the 100 grade levels
would have been more descriptive and useful 50 years ago.
>
> VAT here started at 8% and it's now 17.5%, shocking. Billy
Even moreso if one also must pay income taxes, local taxes, and whatever
other taxes and fees are peculiar to each country.
sgt23
> "sgt23" <bravesfandevo...@yahoo.com> wrote in message
So we shall see!
Bruce Remick
I just can't picture an MS60+ or MS61+ coin. If only we could make those
grades disappear into the AU59 category.
sgt23
> "mazorj" <maz...@verizon.net> wrote in message
>
> news:hpsiu1$qa9$1...@news.eternal-september.org...
>
>
>
>
>
Someone would probably change AU-59 (I've never seen a AU-59) to MS-59
and then system would be screwed up more than it already. But I don't
really have any better Ideal. So I'll end it at this.
sgt23
and then the system would be screwed up more than it is already. But I
don't
really have any better Ideal's. So I'll end it at this.