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1870-CC Half Dollar For Your Grading Pleasure

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basebal21's Avatar
13014 Posts
 Posted 08/06/2019  10:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Pardon me, but isn't the grade the grade? If not, then every coin in a slab is undergraded, in case a better one appears.

Your statement just gives ammunition to those who say TPG is just a scam and a good old boy network.


No it's not at all. As I've said several times we cannot see the luster, you don't grade coins by just counting marks.

That said we are talking about an actual rarity and a 6 figure minimum coin. There are 4 PCGS examples graded MS, yes only 4 and this one is the top pop by 2 grades as 1 is graded 62 and 2 61. This level of the market operates on it's own and yes other factors come into play and there is nothing wrong with that. The spread between the second highest graded matters likely more than the grade itself as one example.

This is nothing to do with a good old boys network and everything to do with the fact this is a 6 figure coin already and grades and spreads can easily mean 100s of 1000s of dollars at that level.

PCGS is by far preferred at that level for a reason, they know what they are doing and why they are assigning the grades they are
Edited by basebal21
08/07/2019 12:36 am
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BH1964's Avatar
United States
10982 Posts
 Posted 08/07/2019  07:43 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
PCGS' Trueview images show coins at their best. In-hand they will often appear significantly different. I would dare say this is one of those examples.

P.S. I found an auction record for this coin. It was an NGC MS62 that upgraded to 64 at PCGS. Quite a bump up!

https://auctions.stacksbowers.com/l...01-ms-62-NGC

ANA #R3154474
Edited by BH1964
08/07/2019 08:06 am
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panzaldi's Avatar
United States
18696 Posts
 Posted 08/07/2019  09:20 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
thanks for the research BH1964. there is a fairly high difference in the photos from the auction. a slightly weaker strike and luster appear to me to be the reason for the grade. I still have this coin at MS65 but I'm sure when PCGS was grading this coin due to its rarity they probably had their best graders on this one and didn't put that grade on it with just a quick review
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Coinfrog's Avatar
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94367 Posts
 Posted 08/07/2019  09:37 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Sounds like the original pic isn't a very honest one.
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basebal21's Avatar
13014 Posts
 Posted 08/07/2019  5:13 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I still have this coin at MS65 but I'm sure when PCGS was grading this coin due to its rarity they probably had their best graders on this one and didn't put that grade on it with just a quick review


Absolutely. The top guys get all the big money coins that everyone would love to be paid to grade.


Quote:
Sounds like the original pic isn't a very honest one.


It's honest. That's what it looks like under the lighting used. There's a lot of different ways to photograph coins, you can emphasize marks or color or luster etc. The submitters can have some say on the TrueView if they give notes or request certain styles and things like that as they generally have several different style shots especially on coins like that. In this case the emphasis was put on the subtle colors
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Jon Brand's Avatar
United States
1023 Posts
 Posted 08/07/2019  7:51 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
Basebal- good point as a coin can be photographed endlessly. This is a case where a simple cell phone pic of the coin under some LED lights can give a big idea of luster (not detail). I just call those in-hand pictures.
Edited by Jon Brand
08/07/2019 7:52 pm
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