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 Replies: 21 / Views: 2,426 |
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Valued Member
 United States
251 Posts |
As I stated before I am just learning. I wouldnt know a grade 65 from a 70 which is why I am here. I mean does a 70 have golden rays that emanate from it with handels messiah blaring from the heavens? I guess what I was looking for was a brief explaination as to what constitutes a 70 grade. To me it looks perfect and in my mind if it hasnt been touched it should remain such, but I'm a noob to all this. I do appreciate all the help and feedback.
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Pillar of the Community
United States
7077 Posts |
Nice follow up question..  ..go to PCGS.com,they have videos (4) about grading and a site PCGSphotograde.com showing most modern US coins from grades from poor to MS70...hope this helps you out...good luck, happy hunting and have fun |
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Valued Member
United States
251 Posts |
Thanks greasy ill do just that
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Pillar of the Community
 United States
2843 Posts |
Quote:
To me it looks perfect and in my mind if it hasn't been touched it should remain such The point is that most coins that were minted in 1975-76 were not perfect when they were placed in their holders. What I do is I look for a reason to disqualify a coin from being a 70. It's just a mindset. Instead of looking how perfect a coin is, look for a blemish. Look for a detriment. When you find it, you have saved yourself the money you would have wasted by sending it in and getting a 69. Note: don't try this mindset on your spouse!! |
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Valued Member
United States
463 Posts |
If the price difference is significant between a 69 & 70, and you send it in for grading and get a 69 or 69+, just do what others do. Break it out of the slab & keep sending it in until you get a 70. I don't know how much this coin is worth in a 70 but if it's a lot, it would be worth it to keep resubmitting until you get a 70. One guy had a coin graded (can't remember specifically which one) that he felt was ms68 but it came back ms67. The price difference was something like $5,000 for a 68 compared to a 67. He broke the slabs & sent it back in 6 or 7 times until it graded 68, then he sold it & made a healthy profit even after paying for the 6 or 7 grading fees.
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Pillar of the Community
United States
2843 Posts |
Quote:
Break it out of the slab & keep sending it in until you get a 70. I don't know how much this coin is worth in a 70 but if it's a lot, it would be worth it to keep resubmitting until you get a 70.  IMHO very bad advice. Unless you are extremely confident in your grading skills and you are 100% sure that the coin has zero reasons to be a 69 and it was just grader discretion that made it not get a 70. Essentially, you are suggesting that grading at this level is largely based on luck and not on merit. Here is the math: In total, PCGS has graded (between type 1 and type 2) 39,790 in PR69DCAM only 63 received a PR70DCAM grade. Like 1.5 per thousand. The price guide for a 69 is about $26 and for a 70 it depends on whether it is type 1 or 2 but it is several thousand dollars. If you believe that 69 and 70 is just random and you keep trying your luck until you get one, you would statistically send it in 666.666 times until you hit that jackpot. I believe that it is not random, and you may never hit the 70 lottery. |
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Bedrock of the Community
13014 Posts |
Quote:
If the price difference is significant between a 69 & 70, and you send it in for grading and get a 69 or 69+, just do what others do. Break it out of the slab & keep sending it in until you get a 70. There's no such thing as a 69+ and this isn't how it works at all. Boarderline coins it can happen to but the idea that it's just a matter of the number of submissions for a coin to upgrade is completely false. Quote:
I believe that it is not random, and you may never hit the 70 lottery. Exactly. If someone just blindly sent things like that waiting for the upgrades they will go broke very quickly |
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Pillar of the Community
Canada
5253 Posts |
Well, looking at the coin I see a very tiny dark spot on his cheek. I can't say if this is part of the plastic, but if not it would probably make it less than perfect and hence not a 70.
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Rest in Peace
United States
18456 Posts |
Wow ,what a discussion . I am not a slab collector so I make no claims of offering my grading and telling you the differences between a 69 and a 70 . But you can bet your life it's only 1 or 2 very light blemishes when seen only with Magnification, which BTW when talking thousands of Dollars for the difference is outright insane !   |
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Pillar of the Community
Canada
5253 Posts |
@T-BOP, this is a major reason I would not pay a massive premium for "perfect" coins. Even disregarding the potential subjectivity, a perfect coin is by definition a fragile thing. I would be too worried about it. It seems that the coin grader's breath could ruin it. Too humid or a tiny bump and there goes your investment.
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Pillar of the Community
United States
5835 Posts |
I saw many coin graded MS 70 that have small imperfection, and many MS 69 that looks better, some time I think people just looking for the 70 label.
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Valued Member
United States
251 Posts |
Gosh what have I started? Hahaha. Ive learned alot through your input guys.
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Pillar of the Community
United States
3281 Posts |
Fender, PLEASE show the BACK of the Ike!
I'm quite interested and you're driving me insane.
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Pillar of the Community
United States
1543 Posts |
I wouldn't it's hard to tell because it's in a holder but it's probably not perfect. I also don't think its a deep cameo but the photo would have to be straight on and level to be sure of that. To my understanding, most coin leave the mint at a lower grade than a 70. Which is why they are rare, and why they price so much higher. That coin got put in the holder at some point, albeit 40+ years ago. They also don't sit sung on the holder.
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Valued Member
United States
251 Posts |
 Sorry for not posting the back. Didnt see much need since the front was shot down already. Its hard to get the best shots due to them being shiny and reflective |
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Posted 08/07/2019 01:59 am
