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 Replies: 31 / Views: 5,863 |
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Moderator
 United States
23522 Posts |
That's insane. They called this a 65:   I think the result would have been much different if it lacked the Jack Lee pedigree, or if it were submitted today. |
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Moderator
United States
16679 Posts |
That coin is MS63RD. Numerous contact marks on devices with relatively less in the fields. I have no idea what PCGS was smoking. This is where dealers will sell the coin at PCGS price levels but when you sell, they will grade the coin and give you 63 money for it.
swcoin.ecrater.com
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Pillar of the Community
United States
1179 Posts |
Nothing more then MS63 in my book. Didnt suprise me with the high grade.
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Bedrock of the Community
United States
19961 Posts |
Quote:
Thad,
Yes--perhaps the camera picked up all the scratches here, and not the overall look? Yes, absolutely, the coin MUST have outstanding eye-appeal. Obviously, the camera cannot capture this coin. As I said, I am shocked (and dismayed), but not surprized. I've seen the variation TPG's can have with many coins. Look at the one Dave posted...that coin is an easy 66 in a VERY tough issue (to find that nice). It's also very MPL. It BLOWS AWAY that 1955 IMO, virtually no contact marks and blazing luster. That vast majority of 65 Lincolns I see are almost perfect with respect to contact marks. The deep left obverse hit, the reverse field hits and carbon spots should have automatically dropped the 1955 to 63. I believe the "scratchiness" on the portrait is mostly due to the design not being fully brought up, but there some contact marks there as well. Sorry, but there's NO WAY I would buy the slab on that 1955! I don't care what it says or how much eye appeal it may have. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Moderator
United States
16679 Posts |
Quote:
Sorry, but there's NO WAY I would buy the slab on that 1955! I don't care what it says or how much eye appeal it may have.
Thus, the importance of learning how to grade. Apparently, the graders who graded this 55 DDO must have been half asleep  btw, that 1910 blows this coin out of the water. The 1910 was accurately graded IMO. swcoin.ecrater.com
Edited by vermontensium
04/28/2009 11:41 pm
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Pillar of the Community
United States
4541 Posts |
that Doubled die is awesome but it kinda makes you dizzy looking at it  |
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Bedrock of the Community
 United States
10045 Posts |
That 1910 earns the MS65 grade  Quote:Apparently, the graders who graded this 55 DDO must have been half asleep Or wide-wake.  This particular coin is rather valuable, where slight grading variances mean a lot of money. Does anyone really think this is a case of careless grading? It's only natural to wonder if Heritage sent this directly to PCGS to prep for auction--and whether the coin got "special attention". I'm not saying it happens, but wouldn't it be easy to nudge the grade a little higher, given the money involved--particularly if there was an "incentive" to do so? If this discrepancy happened in everyday business, this point would be drilled home. TPGs get away with this because their grading is essentially subjective, as there is no lock-tight documented standard to compare to the coin in question. It's all a moot point anyway when the focus is on the coin, and someday slabs will no longer be traded sight-unseen like equities. |
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Pillar of the Community
United States
5615 Posts |
IMHO, This coin is not close to the MS-65 it received, however I believe the answer lies in the name attached to this coin"Jack Lee" and yes this sounds cynical, but you can bet this would not of received this grade if you or I sent this coin in to this company, Again, Just my opinion.....PS: I wish I had the coin!I would like to see what happens if this coin was removed from the slab and sent back to PCGS, and regraded, any bets it would not be the 65, but lower......
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Pillar of the Community
United States
1454 Posts |
I gave it a MS-64 and I felt I was being a little liberal with that. I don't see how they could have given this a MS-65. I agree with some of the others that they probably did this to increase the profits.
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Rest in Peace
United States
5375 Posts |
I agree, overgraded. I only graded it an MS-63, and mostly because I suspected that the hits on the portrait were far less obvious in hand.
Superdave, what a world of difference! Looks MS-66.
Edited by coinguybrian
05/07/2009 08:38 am
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Valued Member
Canada
287 Posts |
Wow, I am so confused. I have not been doing this long, and I am trying hard to learn. Could someone please help me to understand how this coin could be considered at any MS state. The very first line in my book for any MS coin states 'No wear'. The beard and shoulder show obvious wear. Beautiful coin agreed, but black is black, white is white, and this coin shows wears.
Please help me to understand.
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Bedrock of the Community
United States
10982 Posts |
rikcando - What you're seeing is master die wear (no beard details) and planchet marks (shoulder). The coin does not show wear from actual circulation. Also - it is "dinged up" perhaps from being in a mint bag or coin rolling machine.
While this coin does appear to be a couple points overgraded, it is corrected graded as MS.
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Valued Member
Canada
287 Posts |
Thank you bherring1964, I've a lot to learn.
(and this is obviously the place to do it)
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Pillar of the Community
United States
2600 Posts |
Always the critic, I went 62 and expected 64, WOWWWWWWWWW. If PCGS can be this far off, how do you trust any grade they place. They are becoming useful for authentication only as far as I am concerned. Sheeeeeee.
Jim
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Pillar of the Community
United States
3294 Posts |
Do carbon spots lower grading? This seems to have some of those, and are one reason I gave it a 62
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Replies: 31 / Views: 5,863 |
First Page
Posted 04/28/2009 7:26 pm
