| Author |
 Replies: 16 / Views: 5,166 |
|
Pillar of the Community
Australia
908 Posts |
|
|
|
|
Pillar of the Community
Australia
750 Posts |
Hi Stevo, I know my eyes are bad, but I can't see too much friction wear that could drop it lower. I know there's a bunch of heavy contact marks but they can belong to a higher graded coin too. You'd probably be a better judge of this coin as you've had several before from memory.  |
|
Pillar of the Community
Australia
4411 Posts |
I think the marks on the obverse are too heavy for AU55. Its probably an EF coin which would be closer to AU50 IMO
|
|
Pillar of the Community
 Australia
908 Posts |
Quote:
Its probably an EF coin which would be closer to AU50 IMO Thanks Matt I think your grading is closer to the mark.I should send all of my mules to PCGS for grading as I'd be ecstatic if they overgraded mine by this much |
|
Bedrock of the Community
United States
10045 Posts |
I can't imagine a US coin with that many dings getting an AU58.  AU50 seems more like it. |
|
Pillar of the Community
Australia
869 Posts |
I agree with Matt, the obverse is not AU58, there's lots of little marks & a rim-knock, whereas the reverse only has one decent bagmark & looks nice. That means mine must be MS62!
|
|
New Member
Australia
42 Posts |
Hi, Just remember that AU in PCGS does NOT MEAN THE SAME as AUSTRALIAN About Uncirculated. In fact significant bag marks edge nicks etc. are allowed even in MS/PR grades. AU in PCGS is to do with actual surface wear on the high points of the coin and is nothing to do with nicks etc. As a number of posters have said, they may well have 2000 mules that would easily make MS61 or 62 in PCGS. It is well worth looking at the PGGS grading guide at: http://www.pcgs.com/grades.htmlCheers Peter (notcb) |
|
Pillar of the Community
Australia
908 Posts |
Quote:
Just remember that AU in PCGS does NOT MEAN THE SAME as AUSTRALIAN About Uncirculated. AU58 in sheldon language translates directly to aUNC in Australia and what I was saying was to me the coin looks to be only AU50 (sheldon grade) which is aEF in Australian grading terms.The next step up from AU58 is MS60 which is the start of the Uncirculated range |
|
New Member
Australia
42 Posts |
Stevo,
I tend to agree with you - it does appear to be overgraded - however my point is that its a bit like the chalk and cheese argument - the emphasis that the Sheldon scale places on wear to high spots is not quite the same as the emphasis placed on wear in the Australian descriptions.
I have a number of PCGS graded coins with similar inconsistencies including a mislabelled 1969 50cents coin labelled as PR65 when it is clearly not proof - they do make errors!
I wonder how many of us will be thinking about sending off our mules to USA for grading?
Cheers
Peter (notcb)
|
|
Pillar of the Community
Australia
541 Posts |
Stevo the grades don't translate directly as the Australian standard varies per coin series (and even per coin). I'll have a good look at the coin when I get home, but all PCGS graded decimal coins will appear overgraded if you assume a consistent grading comparison as decimal coins are graded much stricter in Australia. Conversely, gold sovereigns and halves are graded much weaker in Australia so PCGS will seem strict on those. Remember PCGS uses the same standard for all coins irrespective of how rare they are in various grades.
The reason for this inconsistency in grade equivalents is that the grade creep (gradeflation) affects coins which are tough to acquire so over time, the Australian standard has become very lenient on grade-rare coins and yet has remained very strict on common coins.
Edited by wwwww
01/21/2013 12:45 pm
|
|
Bedrock of the Community
United States
10045 Posts |
Quote:
AU in PCGS is to do with actual surface wear on the high points of the coin and [has] nothing to do with nicks etc. I'm learning something from this thread, paricularly that a US AU is not the same as an Aussie AU; collectors know best how to grade their country's coins.  Despite their grading inconsistencies with world coins, PCGS doesn't do "details grading". In other words, two coins with the same amount of high-point wear, but one with a lot of dings should get a lesser grade. Sometimes there's no explanation other than a grading mistake.  |
|
Pillar of the Community
Australia
762 Posts |
Quote:
all PCGS graded decimal coins will appear overgraded if you assume a consistent grading comparison as decimal coins are graded much stricter in Australia. Conversely, gold sovereigns and halves are graded much weaker in Australia so PCGS will seem strict on those. Remember PCGS uses the same standard for all coins irrespective of how rare they are in various grades. IMHO the reason that we are stricter grading decimal coins is that being made of Copper/Nickel they wear less than the same silver coins would. Silver and gold are soft metals and wear much quicker than a modern CuNi coin. By grading modern CuNi coins the same way as silver or gold coins we end up with decimal coins graded MS which have clearly been in circulation. I have seen mules graded MS60-62 which have clearly been in circulation and the sellers have been asking for the UNC catalog price. |
|
Pillar of the Community
Australia
541 Posts |
Yes that's true too (probably more important when it comes to decimal coins).
|
|
Pillar of the Community
Australia
869 Posts |
Here's my little baby that I'm pretty sure would grade up there...the one that I mentioned earlier. I put mine at EF or above. What do you guys think? Quote:
The obverse is not AU58, there's lots of little marks & a rim-knock, whereas the reverse only has one decent bagmark & looks nice. That means mine must be MS62!   |
|
Pillar of the Community
Australia
653 Posts |
... what a beautiful mule  I think the slight off center strike on the obverse face gives the coin real character. It really "reveals" the error . Squire |
|
Pillar of the Community
Australia
1607 Posts |
Looks like it's quite a bit better than the AU58 that started this thread,it has got just the tiniest little bit of wear/rub on the Queens hair but should make an MS slab 60 to 62 you'd have to think,yeah ?
|
| |
Replies: 16 / Views: 5,166 |
Posted 01/20/2013 7:25 pm
