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 Replies: 14 / Views: 3,060 |
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Pillar of the Community
United States
521 Posts |
What is your experience with the quality of graded coins at the MS62 level? I am asking about any classic series or just coins in general.
Thanks
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Pillar of the Community
United States
3210 Posts |
If they were problem coins they'd be in problem holders....MS62 coins usually have a lot of chatter in the fields or in prime eye appeal areas usually from being in canvas bags....like Morgans from being in bank vaults....etc.
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Pillar of the Community
United States
1628 Posts |
Certainly not problem coins, some may be dogs, but you can sometimes find some decent looking coins in 62 holders for next to nothing compared to some of their "higher" grade counterparts. Here's one I picked up a few years back.......   |
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Bedrock of the Community
United States
11951 Posts |
 Not a problem coin. MS60 through MS62 might not have good eye appeal, but sometimes it can have. A MS62 coins value is not lowered because it is a MS62. |
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Pillar of the Community
United States
1189 Posts |
Still can be real nice. Nice value for one that may have some larger scratches but original luster. As long as the scratches aren't in a bad spot you may not even notice.
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Bedrock of the Community
United States
12057 Posts |
As the others have said, MS62 is just a grade, not a description of problem/problem free coins. A problem coin would be labelled MS Details. Many collectors prefer MS63 or better, but you can find some great deals in MS62 if you look for awhile, especially undergraded coins. A MS62 coin will usually have more chatter, bag marks, nicks, unattractive toning, spotting, or other distractions than a higher-grade coin, but not severe enough to warrant a Details designation. This 1880-O Morgan dollar is in an NGC MS62 holder:   Notice the field chatter and abundance of nicks and bag marks compared to this MS-65 Morgan dollar in a PCGS holder:   Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
10982 Posts |
Sometimes greatly subdued luster can result in a MS62 grade on an otherwise pristine gold or silver piece. I've seen coins that could grade MS65 (with booming full mint luster) end up in 62 holders because the luster was virtually non-existent.
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Pillar of the Community
United States
4932 Posts |
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Valued Member
146 Posts |
Coins graded MS-62 can be:
1. Coins with a slight amount of wear...the "old" AU.
2. Attractive Uncirculated coins with too many marks to be MS-63's.
3. Coins with extensive hairlines that are not too obvious.
4. Coins w/ dull surfaces.
etc.
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Bedrock of the Community
Australia
21786 Posts |
I have always understood that an MS (Mint State) coin has no wear at all, in the past and now.
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Pillar of the Community
United States
4337 Posts |
Quote:
Coins with a slight amount of wear...the "old" AU. No wear on an MS62. What would that make an MS61 and MS60? the "old" EF and VF? The only Morgain I own for my type example is a 1904-O in an NGC MS62. I think the mottling on the front subdued the luster and there was just too much chatter so they could not find it in their hearts to call it any higher regardless of how lustrous the reverse is   |
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Pillar of the Community
United States
604 Posts |
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Pillar of the Community
United States
5854 Posts |
The quality of coins in MS-62 can be hit or miss but that is pretty much the same for just about all the other grades. It is hard to say without seeing the coin in question. Quote:
Coins with a slight amount of wear...the "old" AU. Under today's market grading system, coins with a touch of wear can grade MS if the grader feels the coin can bring an MS price. Here are 2 MS early eagles, one example in an NGC slab and another example in a PCGS slab, that both have wear in areas like the shoulder. |
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Bedrock of the Community
United States
12057 Posts |
Unlike strict grading systems (old ANA, D&B, EAC) the new "systems" used by NGC and PCGS allow friction rub on a MS coin if the eye appeal is otherwise MS quality. The explanation has been that certain types of "wear" such as cabinet rub, envelope/album rub, handling friction by a former collector, etc. are unavoidable with coins stored in such a manner and do not necessarily represent actual circulation. Increasingly, the term "uncirculated" is being used by degrees: Unc is seen as a "range" from "absolutely zero contact with anyone, ever" to "handled by a few dozen people but not really actually ever used in commerce." It's a matter of great subjectivity on their part and allows for significant leeway in determining what is, and is not, a MS (Unc) coin. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
146 Posts |
"I have always understood that an MS (Mint State) coin has no wear at all, in the past and now."
Unfortunately, you have not kept up with the times. TPGS's have been slabbing coins that you and I would call AU for over twenty years! Perhaps it would be helpful if you could borrow a copy of Grading Coins by Photograps and read the introduction.
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Replies: 14 / Views: 3,060 |
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Posted 02/27/2016 8:37 pm
