I agree 100% that low end MS details is a valid grade. The coin has a tiny amount of rub and IMO could go as a 60 -61. This is the way scruffy, low end unc's I have seen for sale look. Me Personally, I like AU-58 and possibly details. You must be a dealer in foreign coins. Dah ... I just saw you are a "world coin enthusiast." Judging from your post, I'll say a very experienced one too
I'm actually originally from the former Soviet Union (Kiev, Ukraine) and this is where my numismatic hobby began when I was a kid. Coins like this one were among the most common ones I handled as a collector for some time before I branched out and committed to studying world coins in general
Here's a video I found. I know someone posted an excellent one here sometime in the past. Near the end of the video he mentions that proof coins do not exhibit luster.
Gimme a break; I studied math in school, not physics. But, it's no coincidence that when you google "reflective diffraction grating," this image comes up: (From http://lab-training.com/2014/05/06/dispersion-of-light-in-spectroscopy/)
Thanks. IMO this is a nice video for what it is but...It's amazing how things have become twisted by the dealers who started PCGS and they have dragged us all kicking and screaming over to their way of looking at coins.
Yeah, and they don't even tell you how they grade certain coins on a curve. A great example is the Bay Bridge half (one of my favorite coins I own!). They typically come with subdued luster, but I see them in 65 slabs all the time. According to the video, you really shouldn't be able to score a 65 with that kind of luster. Oh well.
A group of specialists, TPGS's, etc. needs to meet over a weekend and define some things. In the ANA grading Guide, original luster covers the entire Unc range but there is no mention of reflectivity as PCGS has tried to show in the video. The coin w/poor luster has full luster that is only subdued because the coin is toned. IMO, that should not "kill" the grade. In this case the a just placing a higher value/desirability on the brilliant (possibly professionally dipped) specimen. Grading is so subjective - even among the professionals at TPGS's who grade/authenticate more coins in a year that most of us will ever see
Many believe this, that the cartwheel luster is created, or caused, if you prefer, even improved by die wear. This simply is NOT true. Fresh dies, brand new dies, with no wear whatsoever on them create beautiful, booming luster on the coins they strike. The coins with the best luster, the highest quality luster, are those struck by new or nearly new dies. This is because uniformity creates the best luster. And by definition die wear reduces uniformity. This very point comes up almost every time this discussion takes place. And no, you don't have to take my word for it, you can read the books and articles written by John Danreuther and other noted numismatists and what I am saying will be saying will be confirmed. There may have been some isolated cases where that happened, but as a general rule - it never happened. Thank you for that picture ! And thank you Kentucky for bringing it about. I have tried for years to explain this very thing with words when talking about this - /\/\/\/\/\ - and always had a hard time getting the point across. It is a perfect illustration for explaining what happens to light that we see when it strikes the luster of a coin. Change the point of incidence, change the angles of incidence, increase or decrease the angles of the surface (narrow or widen the peaks and valleys) and you see something completely different. And it perfectly illustrates what I am talking about above regarding uniformity. The uniformity, the consistency of the peaks and valleys, are what create the best luster. Interrupt that consistency with die wear which makes some of the peaks and valleys higher or lower, wider or more narrow, and the quality of the luster suffers, is lessened.
OMG. I see we are at it again. NOTE to CT members: My comments here are not personal. I'm just trying my best to drag one of my three favorite posters into the present time. You are comparing TWO COMPLETELY DIFFERENT TYPES OF ORIGINAL, MINT MADE LUSTER that don't even look the same! I made an attempt (Post#7) to clarify some of the statements you posted earlier in this thread (Post#6). Unfortunately, my description about how RADIAL DIE ERROSION causes cartwheel luster was challenged and you have continued to post more misinformation. Did you EVEN BOTHER to hold a proof coin to test the veracity of my statements in Post#&? OF COURSE YOU DIDN'T - you have a closed mind. The reflection of light from a proof is spread out into a BROAD FLASH that anyone can see moves around the coin's surface in a SIMILAR (but much wider) "cartwheel." It is NOT narrow. The following information came directly (ON SEVERAL OCCASIONS) from the mouths of U.S. Mint employees on the coining floor (Phila. & Denver) and in the engraving shop (Phila.); ANA grading class instructors, and U.S. Treasury Dept. personnel in DC. Learn it! METAL HAS LUSTER. Blanks have luster. Planchets have luster. Metal coin dies have luster (Even old rusty ones in the Philadelphia Mint's die closet. Struck coins have luster. The luster on each of these metal objects IS as DIFFERENT as the luster from the first struck coin from a die and the last one it makes. It IS as DIFFERENT as that of a Proof coin and a Mint State example. The normal "cartwheel" luster we all speak about from coins is caused by die erosion. This means that the LUSTER from a coin made with a fresh die is not eroded enough to produce the LUSTER on other coins after it starts to deteriorate. This is a fact. That is all informed numismatists (including J.D.) believe, know, and teach! It's not "rocket science." Next Subject: (?) OK: Please give me the title of the book you are quoting J.D.'s words from. Is it the PCGS Grading Guide? That is the ONLY PLACE I am aware of that he has written about grading. At the moment, I am not able to reach my copy and could not reach him by phone. So, if that is the book, I'll pick it apart this weekend! I have NEVER, EVER seen any book or article stating your view. I have NEVER, EVER heard a professional grader/authenticator/class instructor confirm the OPINION you hold either. IMO, you very confused about "luster." I'm not going to discuss this again HERE as your opinions seem to be set into stone. I do wish in the future you would keep many of them to yourself as NO INFORMATION IS BETTER THAN INCORRECT INFORMATION.
Then you need to get out more "Mint State luster is categorized in several ways: flat (flow lines are invisible to the unaided eye, as often happens when coins are struck from worn dies)" - John Danreuther But one does not even need to look things up in books when trying to understand luster, all one has to do is use your head - think ! It's pure common sense, luster is by definition the reflection and refraction of light. And the more uniform, the more consistent and even a surface is, the better that reflection will be. Die wear, by definition, is when the metal of the die is eaten away, scratched by the repetition of flowing metal across the surface of the die. This creates an uneven surface on coins struck by those worn dies. The more die wear there is, the flatter the luster becomes.
Sometimes - and I'm more guilty of it than most - we get caught up in the semantics rather than the facts. We have to balance the clear need for hobby-specific definitions against the possibility of semantic nitpicking subtracting from the actual content of the discussion. Yeah, physician, heal thyself. To my mind, Proofs and Business Strikes follow completely different "luster" progression paths. Part of the appeal of Proof surfaces (to my thinking) is because the "/\/\/\/\" structure of circulating coins isn't really present on Proofs since the dies are so carefully polished (flattened). So a Proof (and, likely, a DMPL Business Strike for the same reason) progress from "reflective" to "circulated" without the intermediate stop of "cartwheel luster." I haven't done any study along those lines; just deductive reasoning which by definition should be questioned by anyone with an opinion. This would be a good place to contemplate (in one's head, at least) a completely separate mental picture of "cartwheel" vs. "luster," allowing a broader definition of "luster" without the nits I so love to pick.