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 Replies: 21 / Views: 2,425 |
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Valued Member
United States
251 Posts |
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Pillar of the Community
United States
7076 Posts |
Need to see reverse, but I would say no..do not grade unless you think it might make a grade of 70
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Valued Member
 United States
251 Posts |
Yeah thats actually what spurred me to post it. Saw a video where a guy graded an ike like this one at a 70 and sold for big. I'm still learning and new to the hobby but this coin has been in the holder since 75-76' so I'm certain there is no damage to it. Just curious what it might do. Ive never seen one this pretty
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Bedrock of the Community
United States
94367 Posts |
Could you show us the reverse, please.
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Pillar of the Community
 United States
2843 Posts |
Quote:
but this coin has been in the holder since 75-76' so I'm certain there is no damage to it. Thousands of those have been in the holders since their issue, and most are still not going to make 70. Not saying yours won't, but your logic doesn't indicate that it will. |
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Bedrock of the Community
United States
94367 Posts |
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Rest in Peace
United States
17900 Posts |
Infinitesimal chance of a 70. Look at lots of graded coins to get an idea of grading standards. If it were easy to "make money" with coins there wouldn't be anyone on this board because we would all be at the beach.
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Valued Member
United States
251 Posts |
As I stated before I am just learning. I wouldnt know a grade 65 from a 70 which is why I am here. I mean does a 70 have golden rays that emanate from it with handels messiah blaring from the heavens? I guess what I was looking for was a brief explaination as to what constitutes a 70 grade. To me it looks perfect and in my mind if it hasnt been touched it should remain such, but I'm a noob to all this. I do appreciate all the help and feedback.
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Pillar of the Community
United States
7076 Posts |
Nice follow up question..  ..go to PCGS.com,they have videos (4) about grading and a site PCGSphotograde.com showing most modern US coins from grades from poor to MS70...hope this helps you out...good luck, happy hunting and have fun |
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Valued Member
United States
251 Posts |
Thanks greasy ill do just that
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Pillar of the Community
United States
2843 Posts |
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To me it looks perfect and in my mind if it hasn't been touched it should remain such The point is that most coins that were minted in 1975-76 were not perfect when they were placed in their holders. What I do is I look for a reason to disqualify a coin from being a 70. It's just a mindset. Instead of looking how perfect a coin is, look for a blemish. Look for a detriment. When you find it, you have saved yourself the money you would have wasted by sending it in and getting a 69. Note: don't try this mindset on your spouse!! |
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Valued Member
United States
463 Posts |
If the price difference is significant between a 69 & 70, and you send it in for grading and get a 69 or 69+, just do what others do. Break it out of the slab & keep sending it in until you get a 70. I don't know how much this coin is worth in a 70 but if it's a lot, it would be worth it to keep resubmitting until you get a 70. One guy had a coin graded (can't remember specifically which one) that he felt was ms68 but it came back ms67. The price difference was something like $5,000 for a 68 compared to a 67. He broke the slabs & sent it back in 6 or 7 times until it graded 68, then he sold it & made a healthy profit even after paying for the 6 or 7 grading fees.
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Pillar of the Community
United States
2843 Posts |
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Break it out of the slab & keep sending it in until you get a 70. I don't know how much this coin is worth in a 70 but if it's a lot, it would be worth it to keep resubmitting until you get a 70.  IMHO very bad advice. Unless you are extremely confident in your grading skills and you are 100% sure that the coin has zero reasons to be a 69 and it was just grader discretion that made it not get a 70. Essentially, you are suggesting that grading at this level is largely based on luck and not on merit. Here is the math: In total, PCGS has graded (between type 1 and type 2) 39,790 in PR69DCAM only 63 received a PR70DCAM grade. Like 1.5 per thousand. The price guide for a 69 is about $26 and for a 70 it depends on whether it is type 1 or 2 but it is several thousand dollars. If you believe that 69 and 70 is just random and you keep trying your luck until you get one, you would statistically send it in 666.666 times until you hit that jackpot. I believe that it is not random, and you may never hit the 70 lottery. |
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Bedrock of the Community
13014 Posts |
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If the price difference is significant between a 69 & 70, and you send it in for grading and get a 69 or 69+, just do what others do. Break it out of the slab & keep sending it in until you get a 70. There's no such thing as a 69+ and this isn't how it works at all. Boarderline coins it can happen to but the idea that it's just a matter of the number of submissions for a coin to upgrade is completely false. Quote:
I believe that it is not random, and you may never hit the 70 lottery. Exactly. If someone just blindly sent things like that waiting for the upgrades they will go broke very quickly |
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Pillar of the Community
Canada
5253 Posts |
Well, looking at the coin I see a very tiny dark spot on his cheek. I can't say if this is part of the plastic, but if not it would probably make it less than perfect and hence not a 70.
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Rest in Peace
United States
18456 Posts |
Wow ,what a discussion . I am not a slab collector so I make no claims of offering my grading and telling you the differences between a 69 and a 70 . But you can bet your life it's only 1 or 2 very light blemishes when seen only with Magnification, which BTW when talking thousands of Dollars for the difference is outright insane !   |
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Replies: 21 / Views: 2,425 |
Posted 08/06/2019 1:20 pm
