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 Replies: 18 / Views: 15,883 |
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Pillar of the Community
United States
1795 Posts |
People buy MS70 and PR70 over MS69/PF69 for various reasons. I still find it hard to tell the difference; I'm sure you see a difference with high powered microscopes they use in grading to find the slight differences. Myself I will buy 70 over 69 if the difference in price is slight. The other reasons being that if one has them in a registry with grading services for higher results and for potential profit or resale. Another reason I can think of are lower populations with a 70 grade.Those are reasons that I would think influence a purchase. I have plenty of 69's in my registry but those are my reasons for considering a 70.
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Pillar of the Community
Australia
7096 Posts |
Believe it or not there IS a difference between PR69 and PR70.
Coins that are at this end of the scale get scrutinised pretty severely and if there is ANY imperfection whatsoever no matter how tiny it is it wont make the cut to PR70.
A tiny milk spot or a minute imperfection in the strike will disqualify a coin from making 70.
Have a real GOOD look at your Kennedy Haves with a usb microscope or take a high res image and blow it up and I imagine that you will find some tiny imperfection on the PR69 coin.
I sent 50 different 25mm Silver proof Australian $1 coins to PCGS to be graded for my set registry and I thought that they ALL would come back PR70DC, Only 9 coins made the cut to PR70 all the others came in PR69DC.
On the 69's I have looked at so far there IS some miniscule problem on the coin that is impossible to see with the naked eye.
MS/PR70 = FDC Or an absolutely Perfect coin.
MS/PR69 = the coin looks FDC but there is this tiny problem here folks.
If the coin is NOT absolutely Perfect then it wont make 70 simple as that.
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Moderator
 United States
23522 Posts |
A 70 has no flaws under 5x magnification. PCGS is the only TPG who gets it right with any regularity greater than the laws of chance, and I see dogs in their slabs all the time as well. I could conceive of buying an MS70 (not a Proof; 70 is the standard, not an exception), but only after inspection in-hand. |
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Pillar of the Community
Australia
7096 Posts |
Quote:
but only after inspection in-hand.  Also I noticed on a few of my PR69 coins that I couldn't find ANY problems at all with a few of them. Weird  |
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Valued Member
 United States
57 Posts |
OK, so the drift I am getting is that it's mostly Marketing Smoke & Mirrors ...
Glad to know, I'll not waste my money sending off any of my coins to be graded.
Regards,
rs
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Valued Member
440 Posts |
It works like this... They take a pile of them and then go 69, 69, 69 ,69, 69, 70, 69, 69 , 69, 69 , 70 and so on.
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Valued Member
85 Posts |
I believe the difference in price comes from the fact that some or many collectors want to own a coin that has been graded to be perfect because after all, if you are buying a modern graded coin in the first place to have ownership of a coin that is graded high. why would you settle for less than the best?
Simply by looking at a coin in a slab, many of times one may not be able to see minor defects than can be seen by a grader viewing the raw coin from various angles. As just one example, in most slabs, it's difficult to impossible to ascertain whether or not the edge (not the rim) of the coin has defects. Slight edge damage can affect the grade from what I understand.
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Valued Member
440 Posts |
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some or many collectors want to own a coin that has been graded to be perfect In the Coin World there is no such thing as perfect because coin grading is highly subjective. |
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Pillar of the Community
United States
1944 Posts |
even if - subjective...that dosent mean - it dosent exist...
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Moderator
United States
23522 Posts |
70's definitely exist. I've seen them. There just isn't exactly a 1:1 correlation between slabs labeled 70 and the quality of the coin contained therein.
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Moderator
United States
189767 Posts |
Meh. All hype, no substance.  |
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Pillar of the Community
United States
1158 Posts |
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It works like this... They take a pile of them and then go 69, 69, 69 ,69, 69, 70, 69, 69 , 69, 69 , 70 and so on. I thought they had a die that they rolled and 5 sides said 69 and one said 70.  |
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Pillar of the Community
Australia
7096 Posts |
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I thought they had a die that they rolled and 5 sides said 69 and one said 70. When a TPG grades a coin at MS/PR 70 they also back that up with a guarantee. I don't think they do this lightly  |
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Valued Member
85 Posts |
Quote:In the Coin World there is no such thing as perfect because coin grading is highly subjective. I stated "graded" perfect, not perfect coin. A final grade is an evaluation based on the expertise of more than one professional grader (at the top TGP's). With so many high quality fakes being introduced into the market and so many inferior coins being produced my mints since like forever, I am one of the many who values very much the services of TGP's, even for some of the most recently released coins. If I really desire a high grade coin graded by a top TPG (whether ANACS, NGC, or PCGS) and I am presented with both a 70 and a 69 and if the 70 is priced right, I'm going to buy the 70 simple as that. . |
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New Member
Canada
25 Posts |
Old thread, but I found this helpful. Cracked my 007 coin out of its 69 grading case, and just enjoying the coin. Got a nice discount due to the grade, but I'm indifferent. James Bond is just cool.
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Replies: 18 / Views: 15,883 |
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Posted 09/23/2014 7:20 pm
