PCGS MS70 Silver Eagles - PCGS a NO-NO! - Page 3

**Speedy** · 01-12-2007, 09:58 AM

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Small ooops there pal - it was NGC that wouldn't grade moderns (post '64) - didn't start doing so until late 2001 if memory serves.

Ouch....when I typed that I thought it looked funny and almost put NGC....thanks for pointing that out

Speedy

JBK · 01-13-2007, 04:04 PM

All that makes a grading company legitimate is their reputation, based on their expertise and performance.

As for MS/PF70, I liked it better in the old days when no coins (or VERY few) were graded 70. The reasoning was clear to me, that for the most part "perfection" did not exist. If you look at a coin and wee no defect, try a more powerful magifier. If you still don;t see a defect, try an even more powerful one. The point is, if you look close enough then you will find something, even if it takes a 100x lense. Then, if you have graded THAT coin 70, what do you call a coin which takes a 1000x lense to find fault with?

Things have gotten out of hand with the grading companies, and this is especially a problem considering how much is at stake between the higher grades.

samjimmy · 01-13-2007, 04:34 PM

Quote:

Originally Posted by JBK

As for MS/PF70, I liked it better in the old days when no coins (or VERY few) were graded 70. The reasoning was clear to me, that for the most part "perfection" did not exist. If you look at a coin and wee no defect, try a more powerful magifier. If you still don;t see a defect, try an even more powerful one. The point is, if you look close enough then you will find something, even if it takes a 100x lense. Then, if you have graded THAT coin 70, what do you call a coin which takes a 1000x lense to find fault with?

I've read others posts like this (those that feel there is no such thing as "the perfect coin") -but this makes *no* sense to me. First, the definition of MS70 isn't "perfect under 1000x magnification." Second, I see no reason to have unobtainable grades (why not go all the way up to MS80 then, but only award grades up to MS69?). Third, I think it should be simple (and in theory is)... these are the things needed for a coin to get a certain grade and if the coin meets those requirements, it gets that grade.

Keep in mind that "luster" and "eye appeal" are part of the grade, and there's really no exact way to measure "eye appeal" so it's pretty subjective. I'm pretty certain that any coin graded MS69 is nearly interchangeable with any coin graded MS70 and vice versa. this is why I think it's insane to pay MS70 prices for coins that aren't a bit better than MS69 ones. But people do it...

**GDJMSP** · 01-13-2007, 05:59 PM

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Originally Posted by samjimmy

I've read others posts like this (those that feel there is no such thing as "the perfect coin") -but this makes *no* sense to me. First, the definition of MS70 isn't "perfect under 1000x magnification." .

You're right, it isn't. But it does say "under magnification" Problem is you have to read elsewhere in the book where it tells you that that magnification is 5x.

And I agree completely, 70 coins do exist. There aren't many of them, and of those that there are the majority are of fairly recent dates. A large part of that is attributable to modern technology and new, stricter handling policies at the mint. As little as 10 years ago it was a different world at the mint - they didn't care. Today they do because it helps to increase sales.

samjimmy · 01-13-2007, 09:04 PM

In some respects, I wish there were more of them so that people wouldn't get suckered into paying 5x what the 69's go for thinking it's some rare and amazing thing. As technology and handling improves, I don't see why there couldn't (and shouldn't) be more and more. I understand there's some sick and twisted obsession with wanting to know which "the best" is (or are) and owning it, but I don't think expansion of the top grades (MS70.1, MS70.2 nor MS71, MS72) is needed. There's already enough, if not too many steps.

**GDJMSP** · 07-18-2007, 12:02 AM

It appears that if you say something enough times - eventually somebody will listen

PCGS Changes The Rules

Silver Striker · 07-18-2007, 06:44 AM

Quote:

Originally Posted by GDJMSP

It appears that if you say something enough times - eventually somebody will listen

PCGS Changes The Rules

Another money grabbing scheme from PCGS.... They will be hoping for many crackout regrading attempts for the Reverse Proofs!

I seriously doubt they will offer free upgrading for undergraded coins.

alwayslost · 07-18-2007, 10:40 AM

What I can't understand is all the hubaloo about the new coins. There are thousands of them in equal grade. Just yesterday I bought a coin that has four equals from PCGS and none better and NGC has not graded any at that level. Price, $750.