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MS-70 + Or *

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basebal21's Avatar
13014 Posts
 Posted 02/06/2014  01:14 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Are you therefore declaring every MS70 coin currently slabbed as over graded when minting technology improves?


I think what he was saying is that theres not a wide variation in the appearance of the 70s like there are with other grades which I would agree with.



Quote:
Nothing says MS70 has to be the ultimate


While technically that is true practically it wouldnt work. PCGS has over 25 billion worth of coins graded and NGC is likely over 20 billion themselves, realistically youre looking at probably 50 billion and growing. Redefining the grading scale and potentially revaluing a large percentage of that market would be devastating for collecting.

The fastest way to chase people away would be to make them lose a bunch of money. Frankly theres just no need. It would have to be like a 71 is perfect under 20x magnification instead of 5-10. You can only split a hair so finely
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oh my florin's Avatar
Australia
1006 Posts
 Posted 02/06/2014  04:18 am  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
In terms of the original arguement of a plus grade for MS70 it will never happen and I support it's exclusion whole heartedly as it just doesn't fulfill the purpose of the Sheldon system. In terms of the star grade I personally do not see why not if a beautifully toned MS70 crossed their desk it would need to be seperated from the rest of the MS70's.
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austrokiwi's Avatar
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 Posted 02/06/2014  04:32 am  Show Profile   Bookmark this reply Add austrokiwi to your friends list Get a Link to this Reply

Quote:
I think what he was saying is that theres not a wide variation in the appearance of the 70s like there are with other grades which I would agree with.


Exactly
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/06/2014  10:22 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
If it doesn't warrant a Star or a +, it's not a 70. That's a precondition of the grade in addition to a physically flawless surface.
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Australia
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 Posted 02/06/2014  6:35 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
OMF
If 2 coins were offered to you and both were MS70 but one was still clearly superior to the other, which one would you want?
ssuperDdave, what is a physically flawless surface? A coin may have no visible imperfections (to the naked eye or a 10X loupe) but on an electron microscope level it looks like the Grand Canyon, the Badlands and the Moon craters. So if they are drastically reduced there is no difference in VISIBLE imperfections but the coin would look far different and far superior to the other MS70.
Basebal21, would your MS70 be worth less if future coins are minted to a higher standard? I have an old proof coin, from my birth year, probably MS66, and the very best for that coin/year is MS67. Now that same mint turns out plenty of MS70 coins and that does not mean my MS66 is worth any less.
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basebal21's Avatar
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 Posted 02/06/2014  6:49 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

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Now that same mint turns out plenty of MS70 coins and that does not mean my MS66 is worth any less.


Because youre using the same 70 point scale as was used before. Grades have been added in the middle from the old days, but the lowest and highest have remained constant since the scale came out.

But to answer your question directly yes 70s would be worth less if 71s are possible. Take the 2011 Commemorative Army Half. PCGS has no MS 70s for that so 69 is the top grade. Well that 69 is a 40-50 dollar coins when the top 70s are usually a 80 or more. That doesn't even get into the fact that some of the old 70s would probably get that 71 which essentially crashes the value of most moderns and thus would be the end of the fragile modern graded coin market.

Again though examining coins on an electron microscope level just isn't necessary. Thats splitting a hair into a million different pieces. If you cant see it on a 10x loupe it doesn't exist. Otherwise theres always a higher magnification you can go to to keep trying to find things no one could ever see without research quality microscopes.

Now the one thing where super magnification like that could be useful might be that you could potentially tell which coins are likely to get future milk spots. If you could use it to weed out coins like that that werent washed properly I'm all for it, as far as a grading tool though its just unnecessary unless human eye sight drastically improves.
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westcoin's Avatar
United States
9792 Posts
 Posted 02/07/2014  12:09 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

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It just doesn't make sense for the TPGs to do that.


While with that statement. Give it another couple of years, the TPGs will figure out how to make it an acceptable grad, then try and get a bunch of people to resubmit their MS70 and PR70 slabbed coins for a regrade fee!

I sure wouldn't put it past them. They seem to keep coming up with some reason for collectors to keep sending in the same coins like first strike, early release, different label designs, new holders, registry clubs, etc. They do need to keep their income stream going.
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Australia
852 Posts
 Posted 02/07/2014  02:58 am  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
basebal21
I agree with you (to a point), you cannot see microscopic details and flaws. But collectively you do see them as they form details such as shine, lustre, cartwheels, diffraction gratings, lenticular effects etc. So removing microscopic defects or adding microscopic features will alter the appearance of a coin, not in a tiny amount (like between MS66+ and 67) but by a huge amount.
MS70 is like 24k gold, in theory you cannot go higher but in practice it has increased from three 9s to 99999. When gold becomes ultra pure (a few more 9s) it doesn't handle like normal 24k gold (it is literally as soft as play dough and you can reportedly press your fingerprints in it). Think what a coin could look like if struck on a pure blank. Still only MS70?
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basebal21's Avatar
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 Posted 02/07/2014  4:52 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Not a bad analogy at all, but again its nothing your eye can detect making it moot. Youre already talking about things that pass being looked at with magnification in the first place. As soon as magnification is used theres no point is distinguishing between that and higher levels.

Theres also the problem that no matter how perfect the planchet the surface gets changed when being struck anyway.
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Australia
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 Posted 02/07/2014  11:34 pm  Show Profile   Bookmark this reply Add nealeffendi to your friends list Get a Link to this Reply
basebal21
You cannot see see an individual bacteria but collectively you see them with the naked eye. Same with microscopic features on coins, you don't need a microscope (or a loupe) to see (collectively) things like diffraction gratings, a feature that mints couldn't do a generation ago, so what feature (holograms?) will be added in another generation?
Die surfaces can still be improved, new alloys, new surface finishes (diamond coated?) and new engraving techniques could make the dies much better.
I'm sure in 1905 they thought coins were perfect, then a fellow made ultra high relief dies and the bar was raised, same could happen again.
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Domain555's Avatar
United States
1804 Posts
 Posted 02/08/2014  10:24 am  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
Newbie speaking here,

Looking for the ever (endless) PERFECT coin, is a never ending, (maybe insatiable) search?

Paying for the slabbing is costly. Re-slabbing = more cost.

When it get to MS69 and MS69+ Well......

Error coins offers a new area of satisfaction. At least it does for me.
I have a few railroad Eisenhower. Each one is special in its' own way.
Best part is the MORE messed up the coin is ... the more value it has, and satisfaction of ownership!

The best part is ... when you buy a dollar for a buck.
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Conder101's Avatar
United States
17884 Posts
 Posted 02/08/2014  1:55 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
what is a physically flawless surface? A coin may have no visible imperfections (to the naked eye or a 10X loupe) but on an electron microscope level it looks like the Grand Canyon, the Badlands and the Moon craters.

As it was originally defined, way back in the stone age of the late 70's, a MS 70 coin can have no visual imperfections at a 5X magnification.


Quote:
I sure wouldn't put it past them. They seem to keep coming up with some reason for collectors to keep sending in the same coins like first strike, early release, different label designs, new holders, registry clubs, etc. They do need to keep their income stream going.

Remember it was just a few years ago they were floating the idea to change the grading scale to a 1 - 100 system. Everyones coins would all have to be regraded. Otherwise when you went to sell how would your old MS 68 compare to my MS 89.
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Jabbss651's Avatar
72 Posts
 Posted 02/08/2014  9:17 pm  Show Profile   Bookmark this reply Add Jabbss651 to your friends list Get a Link to this Reply
70 is top...that's it. There will never ever be a need for anything beyond that. If the mint comes up with new processes that make nicer coins etc...it won't matter. Coin grades are determined per type. Not to mention some were stored differently ex Morgans in mint bags. A morgans grade won't be compared to an ike to determine grade. Ms70 is it...absolutely no need for a + or ms71, 72...ever. In my opinion...that would be ridiculous.
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Morgans Dad's Avatar
United States
5615 Posts
 Posted 02/17/2014  4:14 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
Just a thought....

I see/feel that many people here on the forum are a diverse group of coin collectors, some more than others, I also feel everyone has the same concept or passion for coins, some more so than others. They are well involved in ALL aspects of the varying nuances the Numismatic World provides for us to further the on going Knowledge base We all have some degree of understanding of, some having a better or more experienced level of knowledge than most. That said, I would like to put a notion out for thought.

I have been using the Dr Sheldon Grading System or familiar with it since the late 1960's, the system that was originally developed in 1949 for the grading of Cents, and since then the grading World and TPG'S have adapted the use of the system for ALL coins.

I always wondered how the Dr came to have the number 70 as the top grade........The Red Book defines the term (MS-70) as Perfect Uncirculated-Perfect new condition, showing no trace of wear, the finest quality possible, with no evidence of scratches, handling, or contact with other coins. Very Few regular issue coins are ever found in this condition....
I know there are people who would ONLY entertain the "I only buy slabbed coins", some even would only have to have the first release, or first strike, or CAC labels or NOT buy the coin at all, this is just a fact and IF people wanted to collect purple flowers, well more power to them, I mean to say what ever people wish to collect or have is what this site is all about, now.....
I would ask, does a coin struck with a tiny dimple, or imperfection on the dies striking coins exclude those coins from being graded a MS-70, even a new die which was just put into production and was found to have "this problem" on the struck coins. After all this condition is not wear, it is not from scratches, contact with any other coins, nor is it from handling ?" the finest quality possible"? Given, the fact that some MS-70 coins "may look better" than others of the same grade.

I like many of you have seen my share of "perfect coins" graded MS-70 and had one or more than one of the above conditions present on the coin, visible with no loupe or magnification, so why is it a far fetched concept that there would be Many types of a MS-70 coin, for that matter why could there not be room for a better than MS-70 condition, I know this concept would send people scrambling with their slabs and wondering how this could happen, I am suggesting Why could there NOT be a grade higher than the MS-70 or higher than the PF-70 coins.

I think this idea has potential for many directions, some being chaotic and some being simple and open to options. I mean to say, why does the system go to just 70 being the grand highest grade given out for coins?

I understand the ramifications and circumstances, but I like the notion, the idea of seeking answers outside the box, outside the "norm", I think the idea has and shows insight and challenges "the system" as We know it, I know there will be people with opinions pro and con, but the subject came to me upon seeing this topic, what are your thoughts? Just A Thought.......EDITED, I appreciate SsuperDdave's corrections,The man is a wealth of Numismatic Knowledge, I researched again the Dr William Sheldon Coin Grading Scale, and by him placing the Grades along side the values of Cents, his determination being that a poor coin vs an UNC coin the Unc coin was approximately worth 70x's more in value than a poor conditioned coin. I also left out that until the mid 1980"s the TPG'S took on and agreed to keep the Dr's scale in effect.. Thanks again Dave........
Edited by Morgans Dad
02/17/2014 9:00 pm
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 02/17/2014  6:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I mean to say, why does the system go to just 70 being the grand highest grade given out for coins?


Remember when you were a kid and your mom would tell you to do something and youd ask why and shed say "Because I said so"? Pretty much the same thing here. 70 was the number picked by the scale creator that subsequently got adapted by everyone else and has been that way since.

70 doesn't has to be the highest just like baseball doesn't have to be 9 innings or football 4 quarters, but thats the way its done and its unlikely to change. Of course if there was a massive movement in the collecting community to change that they likely adjust but the chances of getting enough people to passionately petition them to do so is highly unlikely.
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