I get the point you are making, but in this instance it is an ultra modern, those other grades shouldn't even exist from what was released.
Moderns like this are usually graded very quickly. While we all believe it is over graded, in the big scheme of things, it probably has the same value as one graded either PR-66 or PR-67 AT THE MOMENT. As time passes, the value of these "modern" coins will change dramatically. Then, coins like this which some here consider "worthless" and that are not given due diligence at the TPGS will be more appreciated. That's when a mistake such as this MAY cost the TPGS some money.
They shouldn't but I'll be on the lookout to post some extreme examples of Proof modern's taken from melt buckets.
And that, right there, is what adds so much enjoyment to me from your presence. You must get an unusual amount of enjoyment out of your self-proclaimed bullheadedness.
Ooh, ooh, I know, I know! He sent in stuff and didn't get astronomical grades, so the system must be fixed. Typical story.
I'm sorry Mr. Bellman,. I'm not being sarcastic. I am trying to learn just how this could happen. I am not doubting it could happen as I have seen it happen too many times before this. Usually it is at a large function such as FUN where TPG companies are on site or where auction houses are asking high percentages at both ends
I kind of agree with you on this thing. I've NEVER seen a scratch on metal that looked like that. I HAVE seen scratches on plastic that look like that. Now, that said, I never say what I've never seen can't exist. It just doesn't sit right from what I see here. I'd like to see this in hand before I'd feel comfortable knowing what I'm seeing. The best explanation of what happened here is upthread when @Insider posted this: "Moderns like this are usually graded very quickly. While we all believe it is over graded, in the big scheme of things, it probably has the same value as one graded either PR-66 or PR-67 AT THE MOMENT." This squares up with what a guest speaker at the Chicago Coin Club said just under two years ago (March 2015). He said that at PCGS moderns are given to inexperienced graders and are told there are only three grades - 68, 69, and 70. It's 70 if you can't find ANY marks, 69 if you see one, and 68 if there's more than one. I believe what we see here confirms that, IF the scratches are on the coin, which while I say it might be better than 50/50 that they are, I'm reluctant to go much higher than that.
Eminently believable. As I mentioned, with issues like this, anything below 69 might as well be circulated, so there's no real use getting granular on grading.
I don't have emotions. That's why I post with the little faces. Try this : Pretty please, would you explain your post: Are you experienced or just parroting something you heard? Thank you very much!
No, but for a coin which receives special handling at every step in the process, and for which "perfection" is the stated goal, and for which that stated goal is reached quite often....well, something that looks like somebody slipped with a screwdriver should take a substantial hit in grade, not just down to 68. Frankly, as a Proof, that should be a Details coin.
The big pics make the smallest marks look so bad, you're probably right. What would a PR details grade be? Just PR details or PR66 details? PRMS details?
PCGS or NGC it would be Uncirc Details, ANACS uses a 60 for uncirc details not sure about ICG. Anything below a 69 on 99 percent of Ultra Modern Proofs from the US Mint is essentially a details grade in the market.