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Grades Back From PCGS

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twohawks's Avatar
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1551 Posts
 Posted 12/16/2013  9:25 pm Show Profile   Bookmark this topic Add twohawks to your friends list Get a Link to this Message Number of Subscribers
Well here is a little proof of what I had said on a earlier thread.

On higher value rarities PCGS and ANACS grade on a much tighter scale.

I cracked out 5 coins I knew where graded much lower then what the coins are. I know that everyone that has a finical interest in a coin for the most part looks for "Blue Sky"

In this group the (2) 1891 O coins where AU-53 and AU-55 formally. The AU-53 is a VAM-1a1 and the second is a VAM-3a1.

I had both as "Lock AU-58 coins" both with a shot at MS-61 slim as it may be.

The 3rd coin was an XF-40 and is a VAM-1b

The 4th is an 1880 P VAM-1a1 "very early die state" no crack even.

Lastly is an 1884 P VAM-2a This coin still screams MS-65 and was a MS-65 in NGC plastic.

Now grading is an opinion so this is not poking fun at a grading service. But if you have a higher value VAM, I have found that better then 75% of the time it's better to have the coins graded and then Attributed

SO as you can see below both 1891 O coins are now AU-58
The VAM-3a1 is now top pop 1 of 1 and the VAM-1a1 is now 1 of 3 in this sub type.

PCGS No. CoinDate Denomination Variety Country Grade
1 1 28971918 7208 1891-O $1 USA AU58
1 2 28971919 7208 1891-O $1 USA AU58
2 1 28971920 7172 1887 $1 USA XF45
3 1 28971921 7096 1880 $1 USA AU58
4 1 28971922 7150 1884 $1 USA MS64
Total Items: 5
Date Received: 12/3/2013
Date Shipped: N/A
Order Status: OK
Share Order



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 Posted 12/16/2013  9:31 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
perhaps they were undergraded and these are the correct grades?

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SsuperDdave's Avatar
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23522 Posts
 Posted 12/16/2013  10:15 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Sounds like you realized pretty decent results, with the exception of the '84 that's possibly an "on any day" variance. And that one has examples in 66 so you didn't really lose out on a Top Pop or anything.
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zxcccxz's Avatar
Canada
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 Posted 12/16/2013  10:20 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Very good results indeed
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dave700x's Avatar
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 Posted 12/16/2013  10:26 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Nice group Russ.
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twohawks's Avatar
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 Posted 12/16/2013  10:37 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
The 2 1891 O coins are correctly graded now as is the 1880, 1887. My point is that I think on higher value rarities they "meaning the grading companies" tighten up on upper grades to preserve the population. I could be wrong, but my results and the percentages suggest this.
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twohawks's Avatar
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 Posted 12/16/2013  10:39 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
Dave I have one of the 2 1884 P VAM-2a in MS-66 in my set so no harm on that one. But I do have a nice coin to compare it too
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SsuperDdave's Avatar
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 Posted 12/16/2013  11:06 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Dave I have one of the 2 1884 P VAM-2a in MS-66 in my set so no harm on that one.


It's an E clash. Of course you have one of the 66's.

I know your plan here - just like the Hunt brothers cornered the silver market way back when, you're angling to corner the "E clash" market and dribble them back out at whatever price you wish.
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twohawks's Avatar
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 Posted 12/16/2013  11:40 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
Not really! Its just that as you improve your set you find yourself with the under grade! Then you upgrade again and then for lets say 11 or 14 or 18 E clashed VAMs Later and you have a few 2nd pop coins!

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 Posted 12/18/2013  2:10 pm  Show Profile   Bookmark this reply Add LowLife to your friends list Get a Link to this Reply
twohawks - Interesting....thanks for sharing. On a side note, I've sent you an email.
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twohawks's Avatar
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1551 Posts
 Posted 12/21/2013  1:57 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
Here are the photos of the 2 1891 O Coin, the VAM-1a1 I could not see as a Low AU ate all.



Grades-Back-From-PCGS

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SsuperDdave's Avatar
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 Posted 12/21/2013  2:32 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Honestly, I can see the 3A1 being AU58 but I'm not so sure about the 1A1. The hair above the ear is rounded - that's wear, not strike - and the talons don't look flattened. Think you might have gotten away with one there.

That's the plate coin that you posted at VAMworld, right? If so, looking at those much larger images I'm even more convinced. It's a strong strike with wear.
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7TF's Avatar
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 Posted 12/21/2013  3:23 pm  Show Profile   Bookmark this reply Add 7TF to your friends list Get a Link to this Reply
I think the second coin pictured looks like it was very lightly wiped in the fields. The first coin looks like it has some very minor wipe on the face. It could just be honest wear but the second coins reverse sure looks like it was wiped to me. That could be the reason for the drop from MS to AU.
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dave700x's Avatar
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10625 Posts
 Posted 12/21/2013  7:13 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I'm ok with 58 for the 1A1. MS60 wouldn't have surprised me for the 3A1, but as you've mentioned, rare Morgans get hammered by the TPG graders.
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twohawks's Avatar
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 Posted 12/21/2013  7:42 pm  Show Profile   Bookmark this reply Add twohawks to your friends list Get a Link to this Reply
In hand you can see that they have not been wiped, and they look far better in hand. I will have my full set at FUN for show and tell. After that the full set has to go into PCGS for Secure plus and to have there cert Numbers run down in order.

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