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Grading Coins That Were Just Released

 
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Author Previous TopicReplies: 12 / Views: 410Next Topic  
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 Posted 06/06/2023  08:54 am Show Profile   Bookmark this topic Add DanFielding to your friends list Get a Link to this Message
I was flipping channels the other day and there were several coin shows on selling their wares. I stayed on one for a minute to see what they were selling and one item was a 2023 Burnished Silver Eagle. It was graded a 70 by NGC. Shouldn't all just released coins be a 70? I realize there may be a production issue that would cause some to be lower, my luck that would be the one the mint sent me. For the most part shouldn't 99% be a 70?

Same thing happens with sports cards. I better get a 10 grade for a Shohei Otani that I just got out of the pack of cards! It's less than a year old.

Waste of money if you ask me, not that anyone is asking my opinion. I am asking for your opinions however.
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Australia
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 Posted 06/06/2023  09:04 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
You won't get much of a further opinion out of me !
I already happen to fully agree with you.
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 Posted 06/06/2023  09:54 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm with you, pal.
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 Posted 06/06/2023  10:04 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
99% at a 70 grade is higher than I would think. QC at the mint has never been that great. The goal would be 70 grades for collector coins but not all reach that level.Just my 2 worth.
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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 Posted 06/06/2023  10:11 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Same thing happens with sports cards. I better get a 10 grade for a Shohei Otani that I just got out of the pack of cards! It's less than a year old.


Problem is, while being brand new, it must be perfectly centered to get a 10.
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United States
360 Posts
 Posted 06/06/2023  12:49 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply
I agree with the centering being a major factor. I mostly get trading cards graded, and they must be "perfect" to get a top grade.
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 Posted 06/06/2023  1:22 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
I bought a box of Upper Deck golf cards once and about 4 packs all the cards had some kind of roller marks on them. I contacted them and sent pictures. They sent me out 10 free packs and one of them had a Tiger Woods autograph in it.
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 Posted 06/06/2023  2:40 pm  Show Profile   Bookmark this reply Add nick10 to your friends list Get a Link to this Reply
Virtually no business strike coins grade 70 because they receive no special handling, instead they are dropped onto each other, then bagged where they hit each other on the way to you, etc. By the time you get them, MS-63 might be the average grade.
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 Posted 06/06/2023  3:06 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
They sent me out 10 free packs and one of them had a Tiger Woods autograph in it.
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 Posted 06/06/2023  10:58 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
I think it depends first on what the product is. The proofs and uncirculated coins I would agree in many cases it would seem that most 'should' generally grade a 69 or 70, however the reality is that there have been some coins here and there where that was not the case...take a look at the 2021 morgans. https://www.PCGS.com/prices/detail/...tive/ms?pn=2 Clearly a 2021-d in 70 was a rare coin looking back and if you have one your very lucky, and 2021 cc seem to range from a MS66 to MS70 which would double the value over the 66 and likely far more over time. I received some 2022 liberty medals that were not close to 70s, a 70 might have been a nice purchase if the mintage was much lower. With other proofs/uncirculated some can have extremely high mintages and in those cases it really doesn't seem beneficial to grade for value. Some registry set collectors and people who collect the series may like to have one regardless and a 70 is considered the best example.

Circulated coins in the top pop grade are worth so much because as nick10 mentioned they are rarely going to come out of the mint looking perfect. In those cases a top pop grade may be a nice one, although because modern coins are generally made in too large mintages, the high value initially always will go down over time as more top grade examples are found. Older coins are already likely not going to see many more examples show up and so top grade example values are more stable and better investments generally.
Edited by datadragon
06/06/2023 11:04 pm
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 Posted 06/06/2023  11:01 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
Golf cards? what's next Pickleball cards?


My favorite I collected in the past...and I see they are still making them.

https://wackypacks.com/



Who knew back then anything might be valuable later, pokemon, magic the gathering... *sigh* Congrats on the autograph.

Edited by datadragon
06/06/2023 11:18 pm
Valued Member
Topic Starter
United States
131 Posts
 Posted 06/07/2023  08:16 am  Show Profile   Bookmark this reply Add DanFielding to your friends list Get a Link to this Reply
I have at least 5 sets each of 81 and 82 Donruss golf cards. My dad won them at an auction. Since those were the first cards they contain many "rookie" cards and also because them being the first year the QC on them was, to quote Charles Barkley, turrible.
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