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 Replies: 41 / Views: 5,830 |
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Pillar of the Community
United States
2541 Posts |
I'm not going to chime in with a grade, but that's a nice coin, and so is that NGC 66 Thad!
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Valued Member
United States
397 Posts |
Is that a carbon dot right beside the neck (on the second set of pictures)? I didn't see it on the first set, but it's hard to miss on the second set.
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New Member
 United States
43 Posts |
There are a couple light black spots on the collar. Never noticed them until blowing up the pics...
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Pillar of the Community
United States
1534 Posts |
Quote:
There are a couple light black spots on the collar. Never noticed them until blowing up the pics... Than that and the other flaws you mentioned will keep the coin from a 68, and probably a 67. I think a 66 is the highest grade you'll be able to get, which doesn't make it worth sending in? Did you decide to yet? |
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New Member
United States
43 Posts |
Thing is I've seen coins certified MS67 or even MS68 by the "big 4" that do not look as good at the same magnification as these pics. And most such listings only include the most flattering angles.
I'd just have to see. Was planning on taking it to a local dealer who can send to NGC and PCGS, see what they say, after telling them I'm considering auctioning it if it could go for at least a few hundred dollars, and that otherwise, I'll just keep it (to make it clear I've no intention on selling it to them). If they don't tell me there's no chance of it going MS67, I'll probably send it in. But I've not had the time.
Edited by mslibertysbeau
08/27/2010 1:59 pm
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Pillar of the Community
United States
870 Posts |
I guess you're just going to have to send it in to see the results! Sounds like if you want a higher grade, you may go ANACS but if you want the best opinion to reflect market value, go PCGS?  Great thread, thanks for sharing! edit (oops, I missed pages 2 and 3... I hate it when I do that. Now that I've seen it ALL this is an even BETTER thread!) :D Edited by delaner
08/27/2010 4:49 pm
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New Member
United States
43 Posts |
You're very welcome, delaner. Thinking about it, I figure a good, experienced dealer has seen a lot of high end MS pieces in hand, and as such should have a good reference point from which to advise. Anyhow, I'm noticing that high magnification tends to make non-damaged low to mid-grade pieces look better (as it brings out more details), and high-grade MS/proof pieces look less exceptional (as it brings out more flaws). I'll keep you posted. |
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Valued Member
United States
476 Posts |
I did a search of the auction archive results at Heritage, and it would do you well to do the same. What these folks are telling you regarding PCGS MS67 selling for more than ANACS MS68, is spot on...to the tune of $100+. It's free to sign up for an account there to check for yourself, not to mention some great hi-resolution pictures to assist you in your comparables.
Good luck.
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Valued Member
United States
188 Posts |
I work at a coin shop (part time) and one of the projects we have been doing over the last year is busting some early OBW rolls that the dealer has and sending them into PCGS for grading. On the first batch, we went through about 25 rolls and sent in 12 coins. We were certain all of them were 67's (the dealer had had his shop open since 1973). We were very suprised when they all came back 66's. The second time sent in 200 coins, knowing that some of them had no shot at 67. We sent 3 different dates (all commanded a premium of over $1000 for a 67) and were very suprised when 13 came back as 67's. I looked at every coin we submitted in the scope and the first 12 were better than the last 200. The only conclusion we could come to is that they give higher grades to bulk submissions. Does the collector sending in a single coin get a fair shake?
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Pillar of the Community
United States
870 Posts |
Wow, that is fascinating USMCLion. Thank you for sharing!
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Bedrock of the Community
United States
10982 Posts |
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...(all commanded a premium of over $1000 for a 67) and were very surprised when 13 came back as 67's. I'm curious what the dates on these 13 pieces are? Getting 13 MS67 grades on Lincoln cents is very unusual. Were these all wheaties? |
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New Member
United States
43 Posts |
Very interesting, USMCLion. Looking at dozens of pieces on ebay has led me to a similar conclusion. It's really a "crap shoot." Thing could go anywhere from MS65 to MS67 easily, and might even go as low as MS64 if there's a "bad vibe in the shop", or even sneak into MS68 with IGC or ANACS on a very good day. I've seen plenty MS66 coins that look better than most MS67s, with less flaws, better, more even luster, less spotting, and a good strike. Can't make any sense of it whatsoever. As for the PCGS MS67s that sell for more than ANACS MS68s, are they the same issue, date, mint, and variety? Given the inconsistency of grading noted above, maybe the buyers are just thinking for themselves and bidding on the coin, rather than the grade. Which does make sense. Perhaps this certification thing has run its course, what with satisfaction guarantees and and high-resolution pics people can correct to balance the lighting, etc. Signing up for the Heritage site looks like a great idea if there's no cost besides the time spent deleting the inevitable spam. Very interested in seeing how uncertified exceptional pieces go, too. I did take it into the local coin shop -- who no longer send to NGC or PCGS -- and the guy at the counter was talking in terms of MS63-64 before even looking at the piece, but he did hand it off to a fellow in the back who glanced at it with a loupe and said it was easily MS65. Fat lot of help there. Or maybe they know the drill all too well, and wanted to discourage me from wasting money on a crap shoot with poor odds.
Edited by mslibertysbeau
09/09/2010 08:24 am
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New Member
United States
43 Posts |
I also wonder if exceptionally high value issues get more careful attention, and therefore are graded more consistently.
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Bedrock of the Community
United States
12437 Posts |
Quote:
I've seen plenty MS66 coins that look better than most MS67s, with less flaws, better, more even luster, less spotting, and a good strike. You have to remember that you are handicapped by only viewing photos and not the actual coins. A photograph is not a perfect substitute for holding a coin in your hand, rotating it under light to watch the luster dance, and examining it with a loupe. Not all photographers are created equally either, especially on Ebay  Quote:
Perhaps this certification thing has run its course, what with satisfaction guarantees and and high-resolution pics people can correct to balance the lighting, etc.
If you have not been collecting for a long time, you may not realize the effect ebay has had on the hobby. ebay has introduced a huge number of new collectors, many with very minimal grading and authentication skills. They rely on the plastic to tell them the grade and many buyers even fall for bad coins in basement slabs just because of the grade on the label. ebay has increased the market for TPGs simply because slabbed coins are easier to sell and get more money than raw coins. As many problems as the TPGs may have with grading consistency, they are here to stay. |
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New Member
United States
5 Posts |
Those wheat stalks are unusually crisp and well formed! Do I see a few ticks on the always vulnerable upper cheekbone or is that just lint or angle? Its a nice coin, but I wouldn't be able to put a 67 or 8 on it.
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Posted 08/26/2010 3:12 pm
