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Originally Posted by rugrats2001  First, you have to be an incredible grading genius to positively differentiate between 65-66-67's on a reliable basis. |
If the average person can't easily differnate between those grades, wouldn't this basically mean you are buying the plastic and not coin? I have a bunch of PCGS coins and I can see the difference in most of the MS graded coins, although I have some that appear very undergraded(I sent them in expecting high grades)
Ive never sent in proofs but they all look the same gradewise at pr65 and above grades. It's the cameo contrast that I can see a difference and I buy coins with the deepest, whitest frosty cameo.
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Second, for every MS-65 you send in for grading, you will LOSE money.
MS-65's comprise maybe 1 out of a couple hundred mint state dollars.
You will make a LITTLE money on every MS-66 you send in, as long as you are submitting on the cheapest rung available.
MS-66's comprise maybe 1 out of a couple of THOUSAND dollars.
The killing, of course is on the MS-67's.
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So howcome ms65's and ms66's are so cheap if they are uncommon? Who wants to go thru 200 or 2000 coins? You think prices will go up when people realise this? Has anyone here had experience grading presidential dollars and how many did you guys need to cherrypick thru?
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Unfortunately, you are likely to have to examine 100's of thousands of dollars to find one, if you find any at all. Nearly all of the certified dollars in existance are someone's idea of what a MS-67 or MS-68 should look like, but nearly none of them are.
Maybe you will find an MS-68, 69, or 70?
It is literally possible that NO 68, 69, or 70's will ever be found or graded, out of the entire series of billions of pieces.
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Time will tell. Right now for some dates and presidents there's nothing above ms66 or ms67. The highest grades found are those satin finish coins.
