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1970 S LMC: How Does It Grade?

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BadThad's Avatar
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 Posted 06/13/2016  10:36 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Much better pictures, at least 65RD with a shot at 66 given the luster.
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BadThad's Avatar
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 Posted 06/13/2016  10:39 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
I spent some time at Heritage Auctions looking at several specimens in each grade.


Time WELL SPENT! Ha.com is awesome for learning how to grade based on the TPG standards. I have mega-hours on their and PCGS's website.
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Rackster's Avatar
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 Posted 06/13/2016  2:24 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
I think so too Thad. It helped me cap my spending based on what I was seeing with these two specimens. Based on grade and the general appearance of the coin (eg where the blemishes were and their severity) along with prices paid there and online ( ebay) I was able to get comfortable. Posting here for the group validation confirmed my position. It is nice having a number of resources to cross reference right at one's fingertips.
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Rackster's Avatar
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 Posted 06/13/2016  2:26 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
PS. And I used the pictorial guides at PCGS as well.
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BadThad's Avatar
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 Posted 06/13/2016  2:44 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I don't often use the PCGS Grading Guide, I use the pictures found when you click on a specific coin and year in the price list. They usually have 2-3 pictures there. Then, if you scroll down, you can see complete auction listings.....usually ha.com, which, as you know, has excellent pictures.
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 Posted 06/13/2016  7:53 pm  Show Profile   Bookmark this reply Add Rackster to your friends list Get a Link to this Reply
Thank you for that tip. I was using the photo images of the coins (cents) to help train the eye. But I actually found the HA slabbed specimens most helpful since they offer a range of looks within a grade. Helps to define the areas where a ding is better accepted and where a ding is less accepted.

That said, the group here really do a nice job of dialing in. Really, not even ball-parking. They are usually within a point on a graded coin...at worst.
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BadThad's Avatar
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 Posted 06/13/2016  10:38 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply

Quote:
I was using the photo images of the coins (cents) to help train the eye. But I actually found the HA slabbed specimens most helpful since they offer a range of looks within a grade. Helps to define the areas where a ding is better accepted and where a ding is less accepted.


Exactly!

Another tip: Get to know your LCS and the main grader there. My LCS guy taught me a lot. He even shows me submissions, the final grades and the rejects. I find the rejected coins the most interesting!
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