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 Replies: 18 / Views: 15,841 |
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Valued Member
United States
57 Posts |
Given the rather large price differential I see between
Proof 69 and Proof 70 Grades, I wonder what is it that
drives that price differential ?
Can it be only that the population figures for the 70
Grade are that much less than the 69 Grade ?
And, what is it that makes one coin a Proof 69 and another
a Proof 70 ? Is there some measurable metric in determining
the difference or is it some intangible ?
I ask this because I have two Kennedy Silver Proof Half
Dollars, one is a 69 Grade, the other is a 70 Grade. For
the life of me, I cannot see any difference.
Forgive me if this has been discussed before, but I could
not find any similar topic(s).
Thank you,
Richard
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Moderator
 United States
23522 Posts |
Quote:
I wonder what is it that
drives that price differential ?
Silliness. Stupidity. Lack of comprehension. Testosterone. |
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Rest in Peace
United States
4078 Posts |
As SsuperDdave said.  with all the adjectives. Lets add one more, Greed. I'm sure there are a number more descriptions we could add. Quote:
I ask this because I have two Kennedy Silver Proof Half
Dollars, one is a 69 Grade, the other is a 70 Grade. For
the life of me, I cannot see any difference. Remember, grading is subjective.  Go figure. |
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Pillar of the Community
Korea, Republic Of
1881 Posts |
I've never believed me in the whole "MS-70" and "PF/PR-70" thing with moderns. Never.
If you send in a PF-70 coin multiple times and get a 70 every time, then I may consider believing in the difference.
But to me, there really isn't any noticeable difference to the naked eye between 69s and 70s. If I couldn't see the difference, it's nothing but just a waste of money to me to pay a hefty premium for 70s.
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Pillar of the Community
United States
1795 Posts |
People buy MS70 and PR70 over MS69/PF69 for various reasons. I still find it hard to tell the difference; I'm sure you see a difference with high powered microscopes they use in grading to find the slight differences. Myself I will buy 70 over 69 if the difference in price is slight. The other reasons being that if one has them in a registry with grading services for higher results and for potential profit or resale. Another reason I can think of are lower populations with a 70 grade.Those are reasons that I would think influence a purchase. I have plenty of 69's in my registry but those are my reasons for considering a 70.
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Pillar of the Community
Australia
7096 Posts |
Believe it or not there IS a difference between PR69 and PR70.
Coins that are at this end of the scale get scrutinised pretty severely and if there is ANY imperfection whatsoever no matter how tiny it is it wont make the cut to PR70.
A tiny milk spot or a minute imperfection in the strike will disqualify a coin from making 70.
Have a real GOOD look at your Kennedy Haves with a usb microscope or take a high res image and blow it up and I imagine that you will find some tiny imperfection on the PR69 coin.
I sent 50 different 25mm Silver proof Australian $1 coins to PCGS to be graded for my set registry and I thought that they ALL would come back PR70DC, Only 9 coins made the cut to PR70 all the others came in PR69DC.
On the 69's I have looked at so far there IS some miniscule problem on the coin that is impossible to see with the naked eye.
MS/PR70 = FDC Or an absolutely Perfect coin.
MS/PR69 = the coin looks FDC but there is this tiny problem here folks.
If the coin is NOT absolutely Perfect then it wont make 70 simple as that.
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Moderator
United States
23522 Posts |
A 70 has no flaws under 5x magnification. PCGS is the only TPG who gets it right with any regularity greater than the laws of chance, and I see dogs in their slabs all the time as well. I could conceive of buying an MS70 (not a Proof; 70 is the standard, not an exception), but only after inspection in-hand. |
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Pillar of the Community
Australia
7096 Posts |
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but only after inspection in-hand. Also I noticed on a few of my PR69 coins that I couldn't find ANY problems at all with a few of them. Weird  |
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Valued Member
 United States
57 Posts |
OK, so the drift I am getting is that it's mostly Marketing Smoke & Mirrors ...
Glad to know, I'll not waste my money sending off any of my coins to be graded.
Regards,
rs
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Valued Member
440 Posts |
It works like this... They take a pile of them and then go 69, 69, 69 ,69, 69, 70, 69, 69 , 69, 69 , 70 and so on.
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Valued Member
85 Posts |
I believe the difference in price comes from the fact that some or many collectors want to own a coin that has been graded to be perfect because after all, if you are buying a modern graded coin in the first place to have ownership of a coin that is graded high. why would you settle for less than the best?
Simply by looking at a coin in a slab, many of times one may not be able to see minor defects than can be seen by a grader viewing the raw coin from various angles. As just one example, in most slabs, it's difficult to impossible to ascertain whether or not the edge (not the rim) of the coin has defects. Slight edge damage can affect the grade from what I understand.
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Valued Member
440 Posts |
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some or many collectors want to own a coin that has been graded to be perfect In the Coin World there is no such thing as perfect because coin grading is highly subjective. |
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Pillar of the Community
United States
1944 Posts |
even if - subjective...that dosent mean - it dosent exist...
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Moderator
United States
23522 Posts |
70's definitely exist. I've seen them. There just isn't exactly a 1:1 correlation between slabs labeled 70 and the quality of the coin contained therein.
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Moderator
United States
188250 Posts |
Meh. All hype, no substance.  |
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Pillar of the Community
United States
1158 Posts |
Quote:
It works like this... They take a pile of them and then go 69, 69, 69 ,69, 69, 70, 69, 69 , 69, 69 , 70 and so on. I thought they had a die that they rolled and 5 sides said 69 and one said 70.  |
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Replies: 18 / Views: 15,841 |
Posted 09/23/2014 4:22 pm
