I could only find 1 at Heritage and it sold for almost $1300 and it didn't have near the eye appeal that the OP's coin does.
That's like saying oh sorry I know you have a 96% average in the class, but because you got 1 D on a homework assignment the highest grade you can get is a D. Of course how good everything else is absolutely matters
Ridiculous logic like that is apparently what makes you think the way you do. Grades in school are supposed to be based on averages, that is the way they are designed and intended. Grades on coins are not, grades on coins are supposed to be based on limiting factors because that is the way they were designed and intended to function from the very beginning of grading. And as was said above, if the TPGs wish to change their grading standards, it is entirely within their rights to do so. But they should at least have the guts to be honest about it, to stand up and say they did it - and not lie and pretend they never did it at all. Of course if they were honest about it, then the game they play and the reasons for it would be all too obvious. The thing that gets me is that they actually seem to think they are fooling somebody. But knowledgeable people have seen what they are doing since they started doing it. And today, pretty much everybody sees it. And the evidence of that is plainly visible in this thread and the many others like it ! The only ones who still refuse to admit it are the TPG fanboys, people who used to called Kool-Aid drinkers. And if there was a list of these folks, you'd have reason to be proud for I'm pretty sure you'd stand tall near the top of that list.
Ok I’ve been on the road and haven’t been back to chime in. From the op I agreed with @Paddy54 and it’s not like either of haven’t been around awhile. I have about 35 years of collecting and dealing myself. From when I started as a kid to now. In the true view and the second pics I’d change my grade to high end 65 low end 66 with maybe a color and luster bump. And the difference between planchet roughness and flaws and wear/ dings is nearly IMPOSSIBLE to tell from a photo. I still disagree with the fbl but barely. I’d call it a slider on that designation.
As to @johnmilton please stick around. We need more informative educated posters here and while opinionated at times there’s none of the bias at the cu forums. I’m s member there and almost never check in or post. I like it here
What a lot of folks don't seem to understand is this - it doesn't matter if you can tell one from the other or not. You see, planchet marks are flaws just like contact marks are. But what the TPGs and some individual collectors want to do is pretend the planchet marks don't count because they were there before the coin was struck. But they DO COUNT, they do matter. ALL flaws count as a grade detractor and limiter ! It doesn't matter what the flaws are, or how they got there. The only thing that matters is that THEY ARE THERE ! It's just like it is with wear, it doesn't matter what caused the wear or how it got there, it only matters that it IS there.
I have a slight disagreement. Planchet marks do count if you are looking to get a grade of MS-65 or above. This is especially true for the coins that make MS-66 and above. Those coins need to have virtually perfect strikes with virtually no marks. There are entire issues of coins where NONE of the mintage would qualify You could be an angle that caught the coin the second it came off the dies, and it still would not be an MS-67 or better. On the lower Mint State grades, those marks do become less important, and if you are looking at some at less than MS-62, they don't matter at all unless they are severe.
THIS x10000. The condescension around here sometimes because of a simple difference in opinion can be unbearable. Discussion...from pictures...about whether the luster was MS66 or 67 took place here. I'll keep buying coins I love at prices I deem fair and I'll let you guys argue whether the strike is 78% full and the luster is a 66.2 and the eye appeal is exactly better than 94.2% of the population and it has 3 marks from contact, 8 from the planchet that weren't struck out and thus the grade is exactly 65.8426 anything else is incorrect. The coin in the OP is awesome I would buy it in a heartbeat your brother did just fine IMO
The discussion on exact grades would not matter if the difference between a 66.2 and a 65.6 was not $1000. You can thank the US coin market for encouraging the spirited debate between technical grading and market grading.
In the old days, the grading services used to try to manipulate the coin market with their grades. When the market was strong, they loosened their standards because excited buyers would still buy the items. When they market slowed down, they tighten up again, perhaps in an effort to restrict the supply, or an effect to get collectors to pay more for coins that were high end for the grade assigned. Now that the market for grading has reached the mature phase in the product life cycle, they have lowered all of their standards to encourage more crack-outs and reviews to generate for revenue. Some people think that the sticker company is combating this. From what I’ve seen they have often gone along with it.
If that's all you've got, you didn't exactly cut the middle of the plate with your fast one. The part you missed is, the market grading standards themselves are arbitrary and capricious.
It’s the same logic you used of a grade cannot be better than it’s worst number according to you. I do agree that logic is absolutely ridiculous Nope. Grades are there to give indications of the quality not to tell you what the worst aspect of it is no matter how great everything else is. Knowledgeable people know this. You attempting to belittle me is actually reassurance. If you agreeded with me I’d be terrified that my skills had deminished and I was just saying whatever to try and be right. I’d much rather be a “fanboy” than someone who acts like they know everything. Hope coming in and belittling people made your ego feel better.