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 Replies: 16 / Views: 2,513 |
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Valued Member
United States
337 Posts |
Of course if the price were the same we would all take the higher grade, but I am asking about the distinction between MS69 and MS 70, and PF 69 and Pf 70. Would you pay almost double for the 70, even though you may not be able to see the difference easily? Yes, if it is for resale the 70, but for a collection what is the answer?
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Pillar of the Community
Canada
5417 Posts |
Hard for me to say since I don't collect that sort of stuff and don't recommend it as I don't think it will hold value over time but I'd rather have the MS-69 for half the price.
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Pillar of the Community
United States
1511 Posts |
Everyone will have their own preferences for this question as there's people who solely collect 70's... But for me personally,  absolutely not. But I may be biast as I don't believe in a truly, 100% perfect coin, therefore don't "believe" in the 70 grade. There's no coins that are totally perfect.. Not to mention the inconsistencies... If you had a slabbed 70 and (for some insane reason) cracked it out and resent it to the same company that it would get a 70 again are less than appealing odds. I've seen many "perfect" coins in my eyes labeled 69's... And a bunch if 70's that don't look like they deserve the grade to me... Edited by NathanASE
04/26/2014 09:08 am
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Pillar of the Community
Australia
1874 Posts |
I wouldn't pay more for a 'Perfect 70'. As NathanASE stated sometimes there is no difference between 69's and 70's.
I personally wouldn't even buy 69's for the prices they go for. I would buy 68's, or just place the coins in my own holders and save a huge amount of money.
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Pillar of the Community
Russian Federation
5178 Posts |
AU-58 is the highest grade I would've been comfortable buying. If MS-65 or 66 is cheaper and/or much more available, I might buy that, but I'm not sure if that's ever the case for anything (other than the below, and maybe some recent proofs).
For various NIFC stuff that doesn't usually come up in AU-58 or lower (and, these days, might not often come up in MS-65 either), I suppose MS-68 is a possibility. I won't buy a 70 unless it's actually cheaper than a lower grade, and I probably won't buy a 69 either.
...That is all, of course, just theoretical discussion.
If I somehow got a slabbed MS-70 coin at a price I can afford, and whoever graded it had better standards than SGS (and I could be assured that the coin wasn't fake), I would take it immediately despite the grade (if only because I could always try to resell it for a more reasonable price).
And my current collection doesn't have any slabbed coins in any grade (if we don't count coins put in a 2x2 with a handwritten "MS" or "Unc" - and many of these had since been put in ziploc bags because they started falling out of their 2x2 holders - or that weird German set kind-of-sealed in a bunch of glass, which doesn't have any listed grades, and which I hadn't seen in ages anyway).
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Valued Member
United States
217 Posts |
I agree with what Nathan and ZX said. To me the only reason to get a 70 is if you are competing for a top spot on the registries. But I wouldn't be able to justify the higher price without seeing a difference in quality for my own eyes.
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Pillar of the Community
United States
5825 Posts |
I look at it this way.
For modern coins there's a boatload of raw ones out there.
The main reason -69's and -70's command the current prices is that there are many more that have never submitted.
As they are the population will increase and the price drop.
For a collection get a nice -65, -66 or -67 and let it go at that.
It's a gamble (and I think a losing one) to pay current prices for higher grades.
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Pillar of the Community
Korea, Republic Of
1881 Posts |
I don't believe there is any real difference of grade when grading 69s and 70s. Unless you are competing in a registry set or just strive for the 70s, I recommend to stay reasonable and buy a 69 over a 70 any day, if there's a huge difference in price. After all, grading is very subjective and is an "art," and it doesn't always stay the same even when you submit the same coin over and over to the same TPGS. I don't care for having a 69 instead of a 70, because I simply do not strive to get them for a high price, and because it serves basically the same purpose in my collection. I think it's unreasonable to get 70s when they have no real difference in their looks at all.  It's like buying fancy wristwatches with a famous brand name. It works and functions just the same as a regular, but some people pay thousands of dollars to buy them when they can buy a regular watch with the same functions, just a heck lot cheaper. Some people buy them so they could show their wealth and compete with others, like who has a more expensive watch. But I am the one who buys the cheap one that works just the same as its expensive counterpart, because I don't want to show off my money or compete with others, and care only for what purpose it really serves.  |
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Pillar of the Community
2087 Posts |
I buy the best I can afford. I buy the coin and the story behind it. The grade only comes into play when I have a choice, far too often I have let a VF example go...to find I have never seen another example for sale again.
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Pillar of the Community
United States
3486 Posts |
Ouch, austrokiwi!
If the VF is very nice for the grade I will buy it because
an XF may never come my way.
I, too, have little faith that the myth of 'Modern Perfection' will last.
Now, a mint state 61 that is over 150 years old may be the highest grade available.
That is totally different from the current coins "minted to order" and sent IN BULK
to the TPGs.
Matteproof's discussion of the "name brand" watch is very pertinent
in understanding the 'mind set' of those 'collectors' buying the MS70s.
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Pillar of the Community
United Kingdom
856 Posts |
I buy by what I call 'eye appeal'. I'm sure matthew and austrokiwi know what I mean, but sometimes a higher graded coin just doesn't have the same pull as a lower one for me.
Of course, a lot of time I don't have a choice. When you're looking at coins where there are less than ten known examples it's sometimes a question of 'can I live with this one' more than 'can I get better'.
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Pillar of the Community
2087 Posts |
Quote:
I buy by what I call 'eye appeal'. Yep sure do sometimes a VF coin will just have that "zing"; a combination of patina and toning that makes it stand out from the crowd...doesn't happen often ( a lot less than the top grades) but you know it when you see it! |
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Valued Member
 United States
337 Posts |
Thanks. I am getting ready for a coin show and adding to what I will offer. I appreciate the opinions, and plan to concentrate on PF69s. Modern proofs should be 69 or 70, and I can get twice as much inventory at 69.
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Pillar of the Community
United States
3486 Posts |
OH YES! Eye appeal is everything to me too.
"It don't mean a thing if it ain't got that ZING!"
austrokiwi summed it up nicely.
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Rest in Peace
United States
10625 Posts |
I agree with all that has been said so far and echo what Tom Goodheart and austrokiwi have posted, eye appeal is what coin collecting is all about for me. The grade is sort of secondary as two coins that are technically the same grade can be totally different aesthetically.
Edited by dave700x
04/27/2014 09:09 am
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Pillar of the Community
United States
1804 Posts |
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Replies: 16 / Views: 2,513 |
Posted 04/26/2014 05:29 am
