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What About This Idea For Coin Grading?

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denco7's Avatar
United States
2543 Posts
 Posted 03/23/2015  10:25 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Wow ....... for a bunch of people who , don't own any slabs, hate coins in slabs, think TPGS are useless, you people sure do have a lot of ideas on how to regulate the rest of us who collect TPG slabbed coins.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/23/2015  10:28 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
How much more is a 2014 MS70 silver eagle worth than a 2014 MS69 silver eagle again?


Whatever some fool who thinks 70's are difficult is willing to pay. Modern Business Strikes are rare indeed in Superb Gem grades, but NIFC issues are not hard to strike as fleur de coin these days.
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Cascade's Avatar
United States
7390 Posts
 Posted 03/23/2015  11:56 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
I sent in 10x 1986s proof ASE's I got in a safety deposit box auction to pcgs. They were all in their original plastic rounds in purple velvet cases straight from the mint.... here's how it turned out:
2x pf68
7x pf69
1x pf70
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/23/2015  12:58 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
That's about what I'd expect of 1986, and they've had thirty years to improve the technology since. 10% of the total 70, and the overwhelming majority of the rest 69. These days, figure at least a third of the total to be 70's and usually more than that. And the rate at which the TPG's blow 70 designations makes me think there are 70's in 69 slabs.
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Cascade's Avatar
United States
7390 Posts
 Posted 03/23/2015  1:36 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Nice info SD, I didnt figure in better tecnique in mint production as a reason. Thought I just had a grader on a bad day or they wanted me to resubmit the 69s? I wonder how they graded them in the 80s? In my limited experience I find it hard to get a 70 from pcgs as an individual. Yet large sub companies seem to get them like candy from what I've read
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Conder101's Avatar
United States
17884 Posts
 Posted 03/24/2015  3:52 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
They seem to get them like candy because they send in so many more coins, and they probably do some preliminary checking and only send in the ones most likely to get a 70. You sent in 8 random coins and got 12% 70's. A major submitter might send in 800 coins and get back 100 70's. Also a 12% rate. Or he might just send in the 400 best, still get back 100 70's but that is a 25% 70 rate. Same coins same 100 70's but a much higher rate on the submission. Makes it look like favoritism.
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Cascade's Avatar
United States
7390 Posts
 Posted 03/24/2015  5:49 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Ahh yes the laws of averages. Thanks conder
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Colin's Coins's Avatar
United States
108 Posts
 Posted 03/24/2015  6:28 pm  Show Profile   Bookmark this reply Add Colin's Coins to your friends list Get a Link to this Reply
I like that idea, why would you send in a coin fresh from the mint?
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