Question for the experts here
capri
although I have been at it
off and on for many years. Some years ago I was collecting graded
coins and came to realize that the difference between an MS69 coin and
an MS70 coin could just about only be told with a magnifying glass.
Also, the
premier coin grader of the time PCGS hardly ever graded anything as an
MS70. Now, I was just looking over at
some coins at EBAY and checking out the Silver Eagle Dollars. I was
surprised to see many 2009 coins
being submitted with a PCGS grading of MS70...What gives? Are these
coins really that good? Has PCGS jumped on the grading bandwagon like
so many others did, grading coins higher just so that they will sell.
If so it's sad. I always sort of liked the idea of the MS70 being the
unatainable "perfect" coin.
Mr. Jaggers
In my view, if I have to have a microscope to see the payload feature on a
coin, it doesn't come home with me. Unless a person is extremely familiar
with the esoteric "MS" range of grades, he is playing with fire if he
expects to ever get a return on his money. I have found that it is bad even
with circulated grades these days. I cannot for the life of me see how
slabbers can assign the grade of XF to a coin that is so achingly VF.
I just checked history and see that you made a very similar post back in May
of 2006. You said then, and you say now, that MS70 is the unattainable
perfect coin. I agree. In fact, I'll go you one better. No, two better.
Nay, three. There just can't be that awful many coins that merit even MS67,
especially on the more classic coins. One more thing: the ravages of
environment will eventually whittle those MS70s down to lower numbers, in
some cases more quickly than you imagine possible, and that includes those
in "respectable" slabs.
James the Realist
capri
The brings up another question then....will a coin graded
slabbed coin graded MS 70 remain that way?
Mr. Jaggers
The current, imperfect state of the encapsulation art assures that entropy
will eventually prevail. The use of Intercept Shield and other devices can
significantly slow it down, however. The question to ask yourself is
whether you are in a position to do whatever is necessary to acquire, and
then to preserve, an MS70 coin. To each his own.
James
Bruce Remick
"capri" <prh...@gmail.com> wrote in message
news:9329943c-a4b1-4027...@c3g2000yqd.googlegroups.com...
_________________________
As long as a coin remains in a PCGS slab labeled MS70, there are many who
will always accept PCGS's opinion without question. But there is no
guarantee that every coin will retain its original surface appearance after
years inside a PCGS slab. As a collector, if you can't discern the
difference between a MS68 and MS70, it's probably safe to defer to the MS68.
Jud
I was
> surprised to see many 2009 coins
> being submitted with a PCGS grading of MS70...What gives? Are these
> coins really that good? Has PCGS jumped on the grading bandwagon like
> so many others did, grading coins higher just so that they will sell.
> If so it's sad. I always sort of liked the idea of the MS70 being the
> unatainable "perfect" coin.
It is called 'gradeflation' and is particularly apparent in certain
key coins. Yesterday's AU58 is today's MS67, if it is the right coin.
j-rod
MS70 doesn't mean "perfect".
JAM
Mr. Jaggers
According to the ANA Grading Standards Guide it does. I quote from page 24
of the 6th edition:
"MS-70. The perfect coin."
Of course, they then go on to say that no contact marks or hairlines are
visible "under magnification" without specifying the level of magnification.
And that can make a lot of difference.
James the Microscopist