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No actually, if a coin has wear it is no longer mintstate. if PCGS graded a coin mint state (let alone MS-64) with wear, they would be overgrading it.
That hasn't been the case with grading for many years.
It's pristine coins otherwise with traces in certain spots, not coins with lots of wear like you guys seem to be interpreting it.
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Now it sounds like you're just saying CAC can't be wrong, let alone has never made a mistake. This is just not true at all.
Nope I'm not, but their mistakes are extremely rare and they buy them back quick. I'm saying PCGS CAC grading overrules forum grading and its silly too take a look at a picture and say yep they got it wrong.
There is a huge difference between not liking a grade or a coin and them being actually wrong.
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Now it sounds like you're just saying CAC can't be wrong, let alone has never made a mistake. This is just not true at all.
There's no mistake there either. NGC saw the cheek marks and CAC did as well and they both thought it was acceptable for a VF 30. Had it been showing fresh metal or been an AU or higher yes it would have likely details graded, but being an old mark in a mid grade they found it to be okay.
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Can you please cite a source for that info?
Can you show where PCGS/NGC openly admits that a coin with a rub can be graded MS and is not AU at best?
The way coins have been graded for the last 20 years or so. It doesn't mean you can have a ton of rub but traces of it or a minimal amount on a spot or two haven't precluded MS grades for quite some time.
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If a coin has wear, using the Sheldon scale, it HAS to grade AU-58 or below.
No need to make up facts to support this "market grading" phenomenon.
I'm not making up anything. Don't believe me, go ask Insider. Or ask TDN on CU.
The scale has evolved, it isn't a hard line in the sand anymore and hasn't been for some time for coins that are otherwise pristine and just have trace rub on a couple spots.
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Why grade a coin that is higher AU, an MS grade?
Because the pristine coin with trace rub on a couple spots is superior to the MS 61 Morgan that looks like it got in a fight with a weed wacker.
It was always a fatal flaw in the scale to have two separate systems stacked on top of each other with a hard line in the sand where inferior coins would be graded higher. I like that the line has been dissolving, others won't.
I'm just saying how it is and how grading has evolved over the years. Just like 40 years ago they graded differently then people 100 years ago and 50 years from now their grading will be different than ours today.