| Author |
 Replies: 9 / Views: 1,448 |
|
|
New Member
United States
8 Posts |
I have been watching videos and other sources and I have a question. These newer Lincoln cents are coming out of the mint with water marks from the wash they use. My question is why doesn't PCGS and other grading services take that into consideration when they grade coins? From the information I have gatherer there is no Lincoln pennies since 2010 that are mint state 68 or above with the exception of 1 as 2013. If they are released from the mint that way then they should be graded accordingly. Thank for any information you can give.
|
|
|
|
Bedrock of the Community
United States
62064 Posts |
The earlier die states might grade better. It is just that coins are not that good.when you get a MS-65, coin, have you noticed how the price rises each step after that? If the coins aren't up to the grade, why should they lower their standards? If you are going to pay the price, the coins should be that grade. Would you expect less for what you by? Bot every coin is a higher grade coin. If they were, the prices would be lower.
|
|
New Member
 United States
8 Posts |
I understand the grading. But if the coins are coming out of the mint that way they should be graded by the year and minting condition. Otherwise there is no need to send one in for grading if it's not going to grade higher than a 65 or 66 because there is none higher from the mint. It's not lowering the standards it just common sense. That if there is none minted that are are perfect then they need to redo the grading for that particular year or years. I know I don't want to send in a coin that I think will grade higher than a 65 or 66 and have it come back at a 63 or 64. I just wasted my money.
|
|
Rest in Peace
United States
17900 Posts |
There are gaZillions of US coins that have only a few examples grading 65 or better. You don't change the grading standard because of the way particular years or mint marks are minted. Every small cent, including Flying Eagles, Indians, Wheats, memorial copper, and memorial zinc all use the same standards for Grade determination, adapted to design elements. As an example, many of the S mint Walkers are virtually impossible to find with a medium strike, let alone a strong strike. Although strike is not supposed to influence technical grade it strongly influences eye appeal. There is far more than technical grade that can be considered when deciding to add a Coin to your collection. |
|
Bedrock of the Community
United States
62064 Posts |
The best coins should get the better prices. Some years just don't make the grade. I've see poor grading even supposed higher grade coins. I alway say, "Buy the COIN, not the plastic." Why? Some coins are over graded. Why pay more and get less? I've seen coins graded as a variety, when are obviously NOT that variety. So just because the plastic says a certain grade, I make sure it really is correct, before I buy it. Do I pay more for a graded coin? No. I go by what I see on the coin. Make my bid. Either I get it or I don't. There's usually another coin that maybe better?
|
|
New Member
United States
8 Posts |
When there are no examples of a perfect 70 or even a 66 that comes from the mint and PSGS knows this then they should take that into consideration. A brand new straight out of the mint uncirclated cannot grade at a mint state 68 or 70 then there is something wrong with the grading system.
|
|
Bedrock of the Community
United States
62064 Posts |
Would you overpay for a lower grade coin? I think not. If there are none, that is just the way it is. Would you pay a corvette price, for a smart car? That would be the difference if they graded on a curve because there were none. Just shouldn't happen if there none worthy.
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
A brand new straight out of the mint uncirclated cannot grade at a mint state 68 or 70 then there is something wrong with the grading system. Not really, have you ever seen videos of how coins are produced? Come spitting out of oppressive 13 coins per second, fall and land on a whole bunch of other coins, then have thousands of coins land on them, it bounced along a chute with thousands of other coins that is on a riddler, then run through a counter and dumped into a Ballistic Bag and have tens of thousands of more coins land on top of it. In the bag gets sent out to a facility that dumps them into a rolling machine when he gets spun around and rolled. It's a miracle any brand-new coin comes out grading higher than a 65. |
|
Pillar of the Community
United States
1882 Posts |
On MS coins, many of the marks happened at the mint.
What you are proposing would never work. Let's say they decide to hand out some 69's and 70's, because nobody has submitted a perfect coin for that issue . What happens when someone finally submits a true gem? The grade on it would be meaningless.
|
|
Pillar of the Community
United States
8715 Posts |
The grading system does not have to change to accommodate coins that do not meet its criteria. Quote:
A brand new straight out of the mint uncirclated cannot grade at a mint state 68 or 70 then there is something wrong with the grading system. Completely untrue. Rarely do circulation strike coins grade above MS-65 or MS-66. Circulation strike coins are stored and produced alongside billions of other coins. They are scratched, damaged, and nicked by those other coins. Quote:
What you are proposing would never work. Let's say they decide to hand out some 69's and 70's, because nobody has submitted a perfect coin for that issue . What happens when someone finally submits a true gem? The grade on it would be meaningless. Exactly. There is no need to change the grade just to accommodate the newer coins that do not grade MS-69 or 70. What the Sheldon grading scale says is that a MS-70/PR-70/SP-70 coin should be perfect. There should be NO flaws at all. If it is changed, then that will mess up the grading system. |
| |
Replies: 9 / Views: 1,448 |
|
Posted 04/23/2018 3:52 pm
