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 Replies: 13 / Views: 1,348 |
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Valued Member
United States
189 Posts |
Okay so I see everyone grading brand new coins from the mint. I have 1999-2007 proof and silver proof sets from the mint with none of them graded. On average, what are the grades of proof coins right from the sets, 65 66 67 68 69 70?
And would it be beneficial to get some of them graded? Thanks for your insights I really appreciate it.
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Valued Member
United States
367 Posts |
well to my knowing there supposed to be 70 or very close to it..
dustin
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New Member
United States
15 Posts |
From what I have seen, most are proof 68, 69, and 70. The majority proably 69. I think NGC and pcgs have population reports that show the breakdown.
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Pillar of the Community
United States
2443 Posts |
Viper, hit it right on the head. I'm pretty sure that if you take it to someone that your trust and knows proofs well, they can tell you if any of your coins have a chance of being a PF70. If those '99 come to being proof 70's then $$$. But I would keep them in the mint sets, because they all go together like a collection and the chances of a PF70 are slim.
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Pillar of the Community
United States
7123 Posts |
Proofs are not created equally ,, the dies wear and detail is lost just as with businesss strike coins ,, they can be damaged,nicked,bumped and even have big dings on them ,,the fields can be marred ,full of hairlines or spotted with milk spots.
I don;t think there is any average grade expected from proof sets or the coins they contain ,, one coin can be very high grade while the others lack in some regard,, they are all struck from dies with varying degree's of use .
each coin is independant of the others and needs to be evaluated on its own merits.
Metalman
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New Member
United States
15 Posts |
Here is an NGC link.
www.ngccoin.com/poplookup
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Pillar of the Community
United States
7123 Posts |
Viper
What is the point to the NGC link ?
the list provided is at the best extremely unreliable for either value or population of any particular grade or coin.
Metalman
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New Member
United States
15 Posts |
The point is to see how many coin at each level they have graded. For example they have graded 5153 1999 silver proof pennsyvania quarters in proof ultra cameo. 74 in pr68, 4712 in pr69, and 351 in pr70. I know with higher value coins, the results can be missleading because of resubmissions, but I doubt to many people resubmit State Quarters in hopes of a upgrade. Edited by vipergts2
09/11/2007 2:51 pm
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Valued Member
 United States
189 Posts |
Which is the better grading company PCGS or NGC?
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Pillar of the Community
United States
7123 Posts |
Using the illinois UC coin as a random selection,, the difference from UC PR-69 $20.00 to UC PR-70 $200.00 I think 10 times the estimated value is sufficent to see the resubmission game played with the Statehood Quarters. POP reports from any source are subject to extreme error and those short comings need to be a part of the information when thry are used . JMHO of course ! Metalman |
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Pillar of the Community
United States
812 Posts |
>>> Which is the better grading company PCGS or NGC? >>> I can't say which one is truly 'better,' but if you have a coin with the same grade from both companies, the PCGS will usually sell for more. It has the stronger reputation. NGC is a strong second in the TPG world. |
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Pillar of the Community
United States
986 Posts |
NGC is known for being a lot "looser" than PCGS when it comes to handing out 70's for moderns. PCGS 70's will sell for more, but an NGC 70 will still for more than a PCGS 69. Honestly, I don't think that it's worth sending those coins in. But do whatever you want, it's your money and they're your coins.
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Bedrock of the Community
United States
17884 Posts |
[quote]The point is to see how many coin at each level they have graded. For example they have graded 5153 1999 silver proof Pennsylvania quarters in proof ultra cameo. 74 in pr68, 4712 in pr69, and 351 in pr70.[/quote}
The problem is that that tells you nothing about the typical average grade of the coins in the proof sets. It tells you that they typical proof coin which the submitter thinks has a chance at 70 will only make 69. As a general rule most people do not send in a modern proof unless they think there is a fair chance it will 70 because there is no benefit to sending in a coin you think will 68 or lower. Too many of them. So the grading services only see the cream of the crop, not the average spread of quality. (In general, and we are only talking recent modern proofs.)
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Valued Member
United States
266 Posts |
That was a good question Lucifer. That is one of those things that I have thought about, and brought me to the Coin Community in the first place. I would assume that the same can be said for the coins found in the annual Mint sets.
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Replies: 13 / Views: 1,348 |
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Posted 09/11/2007 1:59 pm
