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 Replies: 23 / Views: 3,663 |
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Moderator
 United States
23522 Posts |
How, exactly, can the creator of a thing then be trusted to offer a neutral third-party evaluation of that thing?  70 is the expectation for Modern NIFC coinage, not the exception. 70 isn't difficult any more. It's just apparently difficult to see, because the TPG's habitually put marred coins into 70 slabs. |
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Moderator
United States
189767 Posts |
Exactly. It would be an easy job. Sort out the few mistakes and errors (slab them as such), give the rest an automatic 70. Done and done. Mint makes bank! (Queue rim-shot or sad trombone, your pick.)
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Pillar of the Community
United States
7390 Posts |
Isn't that a kin to the mint becoming coin dealers in the 60's with the gsa and the ethical uproar that caused? Or am I not making sense?
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Bedrock of the Community
United States
20753 Posts |
I like it the way it is. I really get a kick out of coin shows where some dealer has a bunch of slabbed coins such as a 2014 Lincoln Cent. And graded as MS-62. Sure get some laughs out of those. |
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Pillar of the Community
United States
1314 Posts |
There are lots of markets I think are foolish, but I don't want to curtail them. As my wise brother says, "If everyone wanted what I want, it would just drive up the price.
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Pillar of the Community
United States
767 Posts |
Well, companies like pcgs, ngs, whatever are useful for authenticating rare and valuable coins, and coins that are commonly conterfeited. In my opinion, their usefulness stops there.
How much more is a 2014 MS70 silver eagle worth than a 2014 MS69 silver eagle again?
All of my coins are in carboard flips by the way.
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Moderator
United States
189767 Posts |
Quote:
Isn't that a kin to the mint becoming coin dealers in the 60's with the gsa and the ethical uproar that caused? Or am I not making sense? Yes. To be clear, I am only kidding. I do not want the mint and TPGs to initiate anything like this. If they did...  |
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Pillar of the Community
United States
2543 Posts |
Wow ....... for a bunch of people who , don't own any slabs, hate coins in slabs, think TPGS are useless, you people sure do have a lot of ideas on how to regulate the rest of us who collect TPG slabbed coins.  |
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Moderator
United States
23522 Posts |
Quote:
How much more is a 2014 MS70 silver eagle worth than a 2014 MS69 silver eagle again? Whatever some fool who thinks 70's are difficult is willing to pay. Modern Business Strikes are rare indeed in Superb Gem grades, but NIFC issues are not hard to strike as fleur de coin these days. |
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Pillar of the Community
United States
7390 Posts |
I sent in 10x 1986s proof ASE's I got in a safety deposit box auction to pcgs. They were all in their original plastic rounds in purple velvet cases straight from the mint.... here's how it turned out: 2x pf68 7x pf69 1x pf70 |
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Moderator
United States
23522 Posts |
That's about what I'd expect of 1986, and they've had thirty years to improve the technology since. 10% of the total 70, and the overwhelming majority of the rest 69. These days, figure at least a third of the total to be 70's and usually more than that. And the rate at which the TPG's blow 70 designations makes me think there are 70's in 69 slabs. |
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Pillar of the Community
United States
7390 Posts |
Nice info SD, I didnt figure in better tecnique in mint production as a reason. Thought I just had a grader on a bad day or they wanted me to resubmit the 69s? I wonder how they graded them in the 80s? In my limited experience I find it hard to get a 70 from pcgs as an individual. Yet large sub companies seem to get them like candy from what I've read
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Bedrock of the Community
United States
17884 Posts |
They seem to get them like candy because they send in so many more coins, and they probably do some preliminary checking and only send in the ones most likely to get a 70. You sent in 8 random coins and got 12% 70's. A major submitter might send in 800 coins and get back 100 70's. Also a 12% rate. Or he might just send in the 400 best, still get back 100 70's but that is a 25% 70 rate. Same coins same 100 70's but a much higher rate on the submission. Makes it look like favoritism.
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Pillar of the Community
United States
7390 Posts |
Ahh yes the laws of averages. Thanks conder
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Valued Member
United States
108 Posts |
I like that idea, why would you send in a coin fresh from the mint?
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Replies: 23 / Views: 3,663 |
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Posted 03/20/2015 10:26 am
