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Hits And The MS-65 Grade.....

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bobby131313's Avatar
United States
24148 Posts
 Posted 11/16/2007  12:26 pm Show Profile   Bookmark this topic Add bobby131313 to your friends list Get a Link to this Message Number of Subscribers
Just what could / should / would be tolerated?

Here's a PCGS MS65 with what appears to be substantial hit....

Hits-And-The-MS-65-Grade.....

What do you think?
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justjimrob's Avatar
United States
330 Posts
 Posted 11/16/2007  12:34 pm  Show Profile   Bookmark this reply Add justjimrob to your friends list Get a Link to this Reply
That is more like a gouge! I am surprised it held MS-65 through final grading. Even if that was the only blemish it seems pretty substantial. Having said all this, I don't know what I would do if I had an MS-70 example and that was the only detracting feature. Is that worth 5 points? Maybe they are right...

Jim
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Metalman's Avatar
United States
7123 Posts
 Posted 11/16/2007  1:44 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
IMO MS-65 is a gem grade the marks would need to be small and not in prime focal areas of the coin,,

the pictured coin would not be an MS-65 by my standards.

and in fact if you take a look at ANA or even PCGS grading standards ,, although they do not specifically address the new dollar coins they do have a fairly set out account of MS-65.

No trace of wear ,full mint luster ,maybe unevenly toned and lightly finger marked ,a few small nicks or marks maybe present .

I guess it boils down to the graders opinion of small nicks and marks,, and its interesting to note that the RedBook and other guides have no outline for grading these new coins all the way back to the Susan B.
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t360's Avatar
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2703 Posts
 Posted 11/16/2007  2:47 pm  Show Profile   Bookmark this reply Add t360 to your friends list Get a Link to this Reply
I still feel like MS-65 should mean something - gem quality.
IMHO, this is an MS-64, since the hit is substantial and prominent, and keeps it from MS-65.
Doesn't matter to me if there are no other hits on the coin, I don't average out a large hit over the area of the coin.
It can't be a 65 with a gouge.
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Amazon99's Avatar
United States
2443 Posts
 Posted 11/17/2007  5:42 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
It's a Presidential dollar, so who cares?

I need we need to see close up photos of the coin. Who knows, it might have been virtually a MS68 coin other than the hit?
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hadleydog's Avatar
Canada
1267 Posts
 Posted 11/17/2007  6:03 pm  Show Profile   Bookmark this reply Add hadleydog to your friends list Get a Link to this Reply
Without the hit, I assume the coin probably grades ms68/69. Is the hit worth 3 to 4 grade points? I'm sure the graders had a tough time with this example as well, and since they had the coin in hand I would not argue the assigned grade. Still, from the picture provided, I would feel a lot more comfortable with the 64 grade.
Does anyone know the difference in value between 64/65? From the assigned grade I would imagine the answer is very little to none. Although this question should not matter (a grade is a grade, right?), it does and is taken into consideration in the grading room.
Great thread, Bobby!
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BadThad's Avatar
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 Posted 12/05/2007  10:37 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Well, if they start at MS70 and work down, perhaps that hit was worth -5 points. However, I would expect the rest of the coin to be virtually flawless. For me, it's a hugely distracting hit and like I've heard the experienced guys say "buy the coin and not the holder"....solid advice always.
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Prethen's Avatar
United States
3233 Posts
 Posted 12/05/2007  10:44 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
Thad, you're probably dead on as to how they graded this one. That's how the advanced grading course (at the ANA) tried teaching us students is to start from 70 and grade down. That said, I personally wouldn't grade this coin above a 63. That hit is just too distracting.
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gfxhead's Avatar
United States
12 Posts
 Posted 12/29/2007  11:22 pm  Show Profile   Bookmark this reply Add gfxhead to your friends list Get a Link to this Reply
My thoughts on a DEEP GOUGE... is OUCH!
That is one serious and obvious fault.
I would Grade it as MS61 or MS62.
Definitely NOT a KEEPER.
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Spider5689's Avatar
United States
2269 Posts
 Posted 12/30/2007  12:04 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I'm thinking MS-63. I'm really surprised they graded it that high. If I to buy a MS-65 Presidential dollar, I would continue looking.
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