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1938-D BUffalo BU

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jerseyben's Avatar
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1211 Posts
 Posted 06/06/2012  7:58 pm Show Profile   Bookmark this topic Add jerseyben to your friends list Get a Link to this Message Number of Subscribers
Straight from a roll to a 2X2.

Lots of luster. Not a single scratch or mark (besides a few obvious carbon spots).

Grade?

1938-D-BUffalo-BU

1938-D-BUffalo-BU
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donkrx's Avatar
United States
227 Posts
 Posted 06/07/2012  02:46 am  Show Profile   Bookmark this reply Add donkrx to your friends list Get a Link to this Reply
Since no one has responded and I'm in a posting frenzy I'll take a shot at it. I say MS66 because of the flat strike, but admittedly I don't know how much to weigh the quality of strike. I do know Buffalo's have weak strikes in general but this one seems pretty weak and it is not on the list of Buffalo's to have the most prevalence for weak strikes.

I honestly have no idea how much strike affects the grade at MS65 and up so I'm curious if anyone can give some expert input on that. I did some searching and only found conflicting information ... I've even seen a lot of people say "it doesn't matter at all", which clearly cant be true according to PCGS grading standards (which explicitly includes strike as a main component of the technical grade). My understanding is that some coins are more commonly seen weakly struck than others, so those are probably graded more forgivingly... but that's not to say it doesn't matter at all. I would have to think it depends on the particular coin in question.
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 Posted 06/07/2012  11:39 am  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Remember that PCGS grades on marketability. Which means that they take strike into account. Technically that means you could have a perfect coin (MS70) with a weak strike; and they might therefore market grade it as an MS65.

Remember MS70 only means it is EXACTLY as it was from the moment it was ejected from the dies, without any contact marks or spots from a mint worker sneezing on them.......MS70 only refers to the condition of the coin, not its strike....on a purist basis.

I can't see any wear but I don't have it in hand and can't check it with a loop. So I would technically grade it as an MS66, baring any wear present I might have missed. Remember that at the higher grades there are marks that can be seen under magnification but not without. So it could grade higher.

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donkrx's Avatar
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227 Posts
 Posted 06/07/2012  6:25 pm  Show Profile   Bookmark this reply Add donkrx to your friends list Get a Link to this Reply

Quote:
Remember MS70 only means it is EXACTLY as it was from the moment it was ejected from the dies, without any contact marks or spots from a mint worker sneezing on them.......MS70 only refers to the condition of the coin, not its strike....on a purist basis.


Well... according to PCGS's grading standards it makes it clear that strike is a main component.


Quote:
PCGS.com:
For Mint State and Proof coins, the three factors comprising a coin's "technical grade" are:

1. Number and severity of marks and abrasions
2. Luster, or Reflectivity for Proofs
3. Strike, which is rarely a problem for proofs and strike is expected to be sharp, a weak strike being a deduction in the case of proofs.


A few examples of the upper tier grades:


Quote:
PCGS.com:
MS/PR-67: Virtually as struck with minor imperfections, very well struck
MS/PR-68: Virtually as struck with slight imperfections, slightest weakness of strike allowed
MS/PR-69: Virtually as struck with minuscule imperfections, near full strike necessary
MS/PR-70: As struck, with full strike


However, for NGC:


Quote:
NGCcoin.com:
What is a 70? NGC defines a Mint State or Proof 70 coin as having no post-production imperfections at 5x magnification.


Why is this not standardized? And sorry for hijacking the thread.
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jerseyben's Avatar
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1211 Posts
 Posted 06/07/2012  7:03 pm  Show Profile   Bookmark this reply Add jerseyben to your friends list Get a Link to this Reply
Not sure how much the carbon spots will detract from the grade but I guess I will send it to NGC and hope for MS67 or better?
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jerseyben's Avatar
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1211 Posts
 Posted 06/07/2012  7:04 pm  Show Profile   Bookmark this reply Add jerseyben to your friends list Get a Link to this Reply
Not sure how much the carbon spots will detract from the grade but I guess I will send it to NGC and hope for MS67 or better?
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