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1946 Washington. I Just Can't Get My Head Around It!

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Jon K's Avatar
United States
723 Posts
 Posted 01/15/2015  12:43 am Show Profile   Bookmark this topic Add Jon K to your friends list Get a Link to this Message Number of Subscribers
I got my grades back today from PCGS.
I expected three easy "66"s and one "65". No brainers.
I got three "65s" and one "64". Grrrr . . . dang it, I am a better judge that that . . .
Then tonight I am browsing on ebay and ran across this.
Just for fun, let play "what's the grade" for just a little bit. This is in NGC no problem plastic.
1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
Edited by Jon K
01/15/2015 12:54 am
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edweather's Avatar
United States
7375 Posts
 Posted 01/15/2015  01:21 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Sorry about your PCGS results, but OK, I'll bite. Dings on face & crummy eye appeal, so probably MS63 right?....but I know I'm probably wrong, right? :-)
Edited by edweather
01/15/2015 01:23 am
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Jon K's Avatar
United States
723 Posts
 Posted 01/15/2015  01:31 am  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
Ed, you are right on both counts. That is a 63 . . . indeed 63 might be a bit generous.
You are correct on the other count as well. In that you are wrong about the grade on the slab.
I promise not to hold out too long, but I would like to get a couple of additional responses before the reveal.
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kanga's Avatar
United States
5825 Posts
 Posted 01/15/2015  06:37 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Dings are too small to hold that coin back at MS-63.
Images are poor and the reverse is not shown so grading is iffy.
At least MS-64.
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Jon K's Avatar
United States
723 Posts
 Posted 01/15/2015  07:08 am  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
I clicked a couple of "fix it" buttons on my photo editor and have darkened up the pics. If anything I probably made it look better than it is. Those photos were swiped off of ebay, so I can't shoot anything any better.

Kanga, I am still stuck on "63", but your point is well received. In hand, those marks are not going to scream out. But I have several "63"s that are better than this.

1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 01/15/2015  09:09 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Those cheek hits are pretty bad. I would say MS-63 or MS-62.
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Jon K's Avatar
United States
723 Posts
 Posted 01/15/2015  10:29 am  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
CC2012, yes those cheek hits are pretty bad.

Thus my frustration. I very carefully selected four pieces to send in and got low balled by one point each on ALL of them. Not even one got the grade I was expecting.

So 30 minutes later, while I was still stinging from the butt whuppin' that I took, I run across this piece on the Bay. I am looking for a nice 46-P for an upgrade.

(Edited. . . reminder to self . . . don't say stupid things!)

But that is not my point. My point is how could this piece possibly get a "66"!!

In what universe? Photo below.

As soon as I get my pieces back, I will post one or two of them and let's see what the gallery says. The piece that I was looking for a "65" but got a "64" is waaaay better than this "ms66" 1946.

1946-Washington.-I-Just-Can't-Get-My-Head-Around-It!
Edited by Jon K
01/16/2015 08:35 am
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 01/15/2015  10:49 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
hmmm,

The pic provided of the whole slab does not show the marks at all. Maybe the graders did not look as closely on this one as they should have, or maybe they were more focused on other areas of the coin.
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Nickel Guy's Avatar
United States
604 Posts
 Posted 01/16/2015  07:00 am  Show Profile   Bookmark this reply Add Nickel Guy to your friends list Get a Link to this Reply
MS66! Really? Hmm.

It lacks luster, and one of the main focal points (the portrait) has some pretty good size dings.

I would have guessed MS64 or MS63.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/16/2015  07:44 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
From what I see here, I think the TPG got it wrong.
MS64. Worn obverse die as well.
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 01/16/2015  07:52 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
JonK, sorry for your troubles with PCGS. This is why I have an almost complete date only set of raw Washington quarters which I would love to think should wind up in MS65 and MS66 holders but I fear the waste of time and money with the TPGs on grading these modern coins. I'd go bonkers if my 1932, as an example, went to NGC and came back MS64 while this one you've shared gets MS66. My '32 at MS65 is still a $300 coin and of course we know the price jump if it hits MS66. I suppose one day for maximum resale value it might be worth the grading effort but for now, I will just keep them in flips and enjoy them.
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oih82w8's Avatar
United States
7840 Posts
 Posted 01/16/2015  07:54 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Ngc (imo) is usually more lenient than PCGS...this is a prime example.

I would have thought MS63...64 on a good day. Definitely NOT a MS65+.
Edited by oih82w8
01/16/2015 07:56 am
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Jon K's Avatar
United States
723 Posts
 Posted 01/16/2015  09:28 am  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
Guys, thanks for the responses, all good points.

DSFreeworld, it started innocently enough. I have had a complete silver Washington set for 40 years or so. Started by pulling silver from circulation. I recall as a kid in (very rural) Louisiana riding my bicycle to a couple of friendly local stores (in the snow, barefoot, uphill both ways!) to ask the proprietors if they had run across any silver Washingtons.

Once the set was completed, I was happy for . . . thirty years or so. Then dang Al Gore invented the internet and the entire world opened before my feet. Amazing . . . . Any young people out there, I know how hard it is to be appreciative of something that now seems like a God given right, but not so hard to imagine if "poof" it were gone.

Ah, but I digress. Forgive me my digressions, I think the pain meds are finally kicking in.

So, I started picking up graded coins, trading for graded coins, and finally sending a bunch of my stuff in. All in all, I have done pretty well with it. Though if I knew then what I know now perhaps I would have never started.

Sorry I am writing a book . . . .the meds are definitely taking hold . . .

Advantages:
I am forced to learn how to grade. "BU" ain't good enough.
Liquidity. My ungrateful and unappreciative heirs will have no trouble getting the value (or close to it anyway) once I am just a memory.
I get to play in the registry sets. Just like the top guys. Watch out! I am 45th and closing fast!!

Disadvantages:
ARRRGGHHHHHH!!
And I would have rather spent that money of a nice piece.

Anyway, I am better today now that I have vented a bit. Overall, I have been mostly successful with my grading efforts. This is the first time I have been skunked!

I sent some crossovers in as well, maybe those will make up for these. Yeah, right!

Again, thanks for the replies. Sort of like a support group. Sitting around the fire, toasting marshmallows.

Great fun!

Jon
Edited by Jon K
01/16/2015 5:11 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/16/2015  4:44 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Now you know why PCGS slabs carry a premium. Too many of those in NGC slabs, for too many years.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 01/16/2015  5:08 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
It always pays to learn how to grade your own coins.
It can take years, even decades, to do that acurately.
That is despite the fact that we are ALL capable of getting it wrong, even with a great depth of experience.

Some TPG's face a dichotomy:
the temptation to grade conservatively build a good reputation and thereby increase business volume
or
the temptation to grade generously and thereby increase business volume, with 'officially' recognised grades, by both a potential buyer and seller.

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Jon K's Avatar
United States
723 Posts
 Posted 01/16/2015  5:29 pm  Show Profile   Bookmark this reply Add Jon K to your friends list Get a Link to this Reply
Dave, that NGC piece just happened along at the right time.
I will allow as that thete are less screwups in PCGS plastic, but I have seen a few over the years.
If was just the timing. About twenty minutes after I got smoked by the graders.
sel_691, I feel that I do pretty well on these MS Washingtons. Lord knows I have looked at enough of them over the last forty years.
I just got the pieces back in the mail today. Maybe I will find time to photograph them and see what the gallery says.
I am hardheaded enough that I might just crack them out again!!
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